Monday 20 February 2012

Bahrain bankers relieved, eye infrastructure projects | Reuters

Bahraini bankers expressed relief on Sunday that the February 14 anniversary of last year's democracy uprising passed without major disruptions but said lenders needed to see more infrastructure projects in the Gulf bank and tourism hub.

"Thank God February 14 went fine to a great extent. There is hope that the political situation will be seen as stabilized to a great extent and agencies start increasing ratings," Abdulkarim Bucheery, chief executive officer of Bank of Bahrain, said at a meeting with reporters.

Bahrain, home to the U.S. Fifth Fleet, has been in turmoil since a protest movement erupted on February 14 last year and the government imposed over two months of martial law to crush it. Some ratings agencies downgraded Bahraini banks.

No comments:

Post a Comment