Manama: Mahmood Rafique, Editor: The Central Bank of Bahrain (CBB) board has approved the financial statement for the year 2019 and applauded the announcement of the financial stimulus of BD4.3billion.
Mohammed Hussein Yateem, Chairman of the Board of Directors of the Central Bank of Bahrain, chaired the 1st meeting of the board of directors for the year 2020 on Sunday.
The Board reviewed the topics listed on the agenda, as the Board approved the annual report of the bank, and the final audited accounts of the bank for the year 2019, and the council also reviewed a report on the bank’s business for the period that year.
The meeting reviewed the bank’s performance report and developments in the financial sector for the first quarter of 2020, and the bank’s financial performance report until the end of February 2020, and the board also approved the annual report for 2019.
The board also reviewed the measures taken by the Central Bank of Bahrain in accordance with the Royal directives of His Majesty King Hamad bin Isa Al Khalifa, May God protect the leadership and preserve the national efforts to confront the repercussions of the global spread of the Coronavirus COVID-19 as well as to preserve the health and safety of citizens and residents. The board highlighted the importance of the Kingdom’s initiatives to achieve sustainable development endeavors for the benefit of citizens as well as economic sustainability.
The Chairman of the Board, on behalf of the members of the Board of Directors, the Governor, and all the bank’s affiliates, extended their sincere thanks, appreciation and gratitude to His Majesty King Hamad bin Isa Al Khalifa, May God protect him and His Royal Highness Prince Khalifa bin Salman Al Khalifa, the Prime Minister and His Royal Highness Prince Salman bin Hamad Al Khalifa the distinguished the Crown Prince, First Deputy Prime Minister, for their support.
The Chairman thanked and appreciated the decisions made by the wise leadership in the wake of outbreak of Coronavirus COVID-19.
