Meeting Hosted Between Banks and Tamkeen

by BTM

Tue, 05 March 2024

Meeting Hosted Between Banks and Tamkeen

The Bahrain Association of Banks (BAB) organised a meeting between banks and the Labour Fund ‘Tamkeen’ with the aim of acquainting banks with novel support initiatives for employment, career advancement and institutional assistance. 

The meeting served as a platform to deliberate on strategies to streamline access to essential financing for startups and SMEs. The objective was to bolster their sustainability, expand operational scope, boost job creation, contribute to GDP and foster the overall development of the national economy. The discussions also encompassed potential avenues for collaboration between Bahraini banks and Tamkeen in the fields of economic, banking and developmental initiatives. 

BAB CEO, Dr. Waheed Al Qassim, says: “The necessity of concerted efforts between Tamkeen and the banking sector, advocating for the formulation of an effective strategy that ensures ongoing support for institutions and reinforces the stability of the financial and economic sector in Bahrain. The support extended by banks plays a pivotal role in sustaining Tamkeen’s programmes, aligning with the objectives outlined in the Financial Services Development Sector Strategy 2022-2026. This strategy includes performance indicators that emphasise increasing the share of financing for SMEs.” 

Within the meeting, Tamkeen presented an overview of its recently launched suite of programmes designed in response to evolving market dynamics and needs. These programmes aimed to fortify the growth of the national economy.