Bahrain celebrates 100 years of first bank in the country

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain will celebrate today the centennial of the first bank in the country, under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa.

The banking sector has a great importance in the kingdom in addition to its historical depth, which goes back as early as before the 1920’s. The sector represents one of the pillars of Bahrain’s strategy to diversify sources of revenues and broaden the scope of economic activities.

HRH the Premier’s patronage of the centenary of the banking sector is an extension of his pioneering role in shaping economic growth in the kingdom throughout its modern history which yielded many dividends including development of the banking services sector and mapping out policies for comprehensive development. During the celebration of the centennial of the banking sector, which will witness a massive turnout, a memorial depicting the sector’s glorious history will be unveiled.