ZAWYA-PRESSR: Bahrain’s Banking and Financial Sector continues to operate Normally

Manama – Kingdom of Bahrain: The Central Bank of Bahrain (CBB) affirmed that the Kingdom’s banking and financial sector continues to operate at the highest levels of readiness amid the current regional developments and the repercussions of the Iranian aggression taking place in the region.The CBB stated that banks and financial institutions across the Kingdom continue to provide services to customers efficiently and with strong safety and redundancy measures in place, supported by advanced regulatory frameworks and a robust digital infrastructure that has been systematically strengthened and developed over the years.The CBB further noted that, since the onset of the situation, it has maintained heightened oversight, coordinating closely with banks, insurance companies and financial institutions across the sector to ensure the uninterrupted delivery of financial services. All financial institutions continue to demonstrate strong operational readiness and business continuity, reflecting the depth of preparation and regulatory discipline that defines Bahrain’s financial sector.The CBB added that Bahrain’s banking sector continues to record strong financial soundness indicators, with capital adequacy and liquidity ratios remaining above regulatory requirements. Financial systems across the Kingdom, including payment systems, also continue to operate efficiently and securely.The CBB further indicated that physical and cybersecurity measures across all financial institutions are operating at the highest levels of readiness as part of a comprehensive and integrated security framework for the financial services sector.The CBB reaffirmed its commitment to maintaining monetary and financial stability in the Kingdom and ensuring the efficient and continuous delivery of financial services across Bahrain, thereby reinforcing confidence in the financial sector and consolidating the Kingdom’s position as a leading regional financial center.Send us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.