Financial accountability 'new mantra for growth'

Responsible finance is the new mantra for the banking industry, members of the Bahrain Association of Banks (BAB) were told last night.

Citi chief executive officer for Europe, the Middle East and Africa Alberto J Verme said at the BAB annual gala dinner at the Ritz-Carlton Bahrain Hotel and Spa that banks should now only operate in the interest of the common good and that speculative operations should be banned.

The event was patronised by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Economic Development Board Chairman, and attended by more than 200 guests.