Sunday 26 April 2009

Bahrain says financial sector well-poised to weather crisis

Bahrain's banks and financial services industry have weathered the global financial crisis well and are poised to return to a strong growth trajectory this year, according to top government and central bank officials.

Speaking at a media event organised by BNP Paribas, on the sidelines of the Bahrain Grand Prix 2009, Shaikh Mohammad Bin Eisa Al Khalifa, CEO of the Bahrain Economic Development Board, said Bahrain always believed in gradual and steady development of its financial sector and thus its exposure to the global crisis was within manageable limits.

"We have always seen growth in the financial sector as something that should be gradual and steady.

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