“Bahrain Banks”: The financial sector continues to provide its services efficiently and supports the continuity of economic activity

Financial institutions in the Kingdom of Bahrain continue to demonstrate a high level of readiness and ability to adapt in light of the repercussions of the sinful Iranian attacks taking place in the region.

The financial sector remains fully operational, maintaining its essential role in serving customers and supporting economic activity with stability and efficiency.

This reflects the strength of the Bahraini financial system, supported by solid institutional frameworks and advanced operational capabilities that enable institutions to respond effectively to changing circumstances.

In this context, the Chairman of the Board of Directors of the Bahrain Association of Banks, Yasser Al Sharifi, praised the wise vision of His Majesty King Hamad bin Isa Al Khalifa, the country’s great king, and the efforts of the esteemed government headed by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. He also praised the role of government and security agencies in maintaining the security and stability of the Kingdom and protecting citizens and residents.

Mr. Al Sharifi also expressed his appreciation for the role of the Central Bank of Bahrain in enhancing the flexibility of the financial sector through a regulatory framework that supports the stability of banking institutions and enables them to continue operating effectively under various circumstances.

He pointed out that these efforts contribute to maintaining a stable environment that allows financial institutions to continue serving customers and supporting economic activity with confidence.

Al-Sharifi stressed that the banking sector in Bahrain enjoys strength and flexibility, and is supported by well-established regulatory frameworks and advanced operational infrastructure.

Financial institutions continue to provide their services to customers normally and without interruption, while ensuring business continuity and meeting the needs of individuals and companies alike, adding that maintaining reliable financial services and customer support remain top priorities for the sector.

He also highlighted the role of the Bahrain Association of Banks in facilitating dialogue and coordination between member institutions by providing a platform for communication and exchange of knowledge and best practices, stressing that this cooperation contributes to enhancing joint work and raising the level of collective readiness to face evolving challenges.

For her part, CEO of the Bahrain Association of Banks, Ziba Majeed Askar, stated that financial institutions across the Kingdom have activated business continuity plans quickly and in a coordinated manner, ensuring that vital financial operations continue without interruption.

These measures have enabled the continued operation of payment systems, interbank transactions, and financial services provided to individuals and companies. She added that keeping these basic services flowing smoothly is vital to supporting economic activity and enhancing public confidence in the stability and flexibility of the Bahraini financial sector.

She added that continued investments in digital infrastructure and financial technology have enhanced the sector’s operational flexibility, enabling institutions to continue providing services through safe and efficient digital channels.

Financial institutions also showed great flexibility in managing their operations during this period, while fulfilling their social responsibilities by supporting employees, responding to customer needs, and providing appropriate facilities.