business bites Bahrainthismonth.com July 2024 63 SCB RECEIVES PRESTIGIOUS ACCOLADE BTECH TO HOST BAHRAIN DIGITAL CONTENT AWARDS BAB: BAHRAIN DRAWS MAJOR FINANCIAL INVESTMENTS Standard Chartered Bahrain (SCB) has been awarded the “International Retail Bank of the Year – Bahrain 2024” by Asian Banking & Finance Retail Banking Awards. The Asian Banking & Finance Retail Banking Awards are highly regarded in the financial sector and are a testament to the dedication of banks in Asia. Standard Chartered’s win in the “International Bank of the Year” category is a recognition of its continued efforts to provide financial services of a global standard to clients locally in Bahrain. SCB Wealth and Retail Banking (WRB) Head, Kunal Varma, comments: “We believe in encouraging strong relationships with our customers and communities, and this award is a validation of our efforts to drive and create value to our clients through responsible banking practices.” Standard Chartered is a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. The Bank’s purpose is to drive commerce and prosperity through its unique diversity. Its heritage and values are expressed in its brand promise, here for good. The Bank has proudly had a presence in Bahrain for over 100 years. Under the patronage of Shura Council Chairman, HE Ali Bin Saleh Al Saleh, Bahrain Technology Companies Society (BTECH) is set to host the prestigious Bahrain Digital Content Award (BDC Award). “This award serves as a pivotal moment in the evolution of digital content sector, yielding numerous cultural and economic advantages for the Kingdom. Notably, it fosters creativity and innovation, inspiring creators to develop novel digital solutions that elevate the quality of services across various sectors,” says HE Ali Bin Saleh Al Saleh. “Furthermore, it bolsters digital entrepreneurship, heightens awareness of the significance of digital content and cultivates digital skills that create employment opportunities for our youth. These achievements align seamlessly with the objectives of the Kingdom of Bahrain’s Vision 2030,” he adds. The annual ceremony, scheduled for June 26 at the Gulf Convention Center and organised in collaboration with WorkSmart Events Management, will gather innovators from across the digital landscape. The Bahrain Association of Banks (BAB) has affirmed that Bahrain’s outstanding performance in the financial and banking sector, as highlighted in the 2024 World Competitiveness Ranking, published by the International Institute for Management Development (IMD), is a magnet for investments in the sector. BAB Chairman, Adnan Yousif, says: “Bahrain’s ninth-place global ranking in the index measuring the positive impact of central bank policies on the economy highlights the significance of the prudent policies and strategies adopted by the CBB.” This ranking reflects Bahrain’s sophisticated financial and banking infrastructure, financial and investment freedom, advanced regulatory framework, business-friendly environment and highly skilled banking professionals. “These positive indicators confirm that Bahrain is confidently progressing towards achieving the strategy for the development of the financial services sector for 2022-2026. This progress reflects the successful policies and concerted efforts of financial and banking institutions, as well as the high investor confidence in the Kingdom due to the sector’s flexibility, advanced infrastructure, robust capital markets and a thriving technological environment, especially in the face of intense global competition to attract investments,” he concludes.
RkJQdWJsaXNoZXIy Mjk0MTkxMQ==