Manama – 6 May 2018: National Bank of Bahrain (NBB) today announced the appointment of Mr. Yaser Alsharifi, Chief Strategy Officer, as the Chairman of the Advisory Board of Bahrain Fintech Bay (BFB), the largest Fintech hub in the Middle East & Africa, as well as his appointment to BFB’s Executive Board for 2018.

 

 

BFB’s Advisory Board is comprised of representatives of its 30 Founding Partners, which include NBB among other regional and international banks and technology companies. In addition, two members of the Advisory Board are elected by their fellow Founding Partners each year on a rotational basis to sit on BFB’s Executive Board helping to shape the hub’s development including its programmes and events and opportunities for collaboration and value creation with partners.

Commenting Mr. Alsharifi said, “I’m delighted with these appointments which reflect NBB’s strong commitment to working with Bahrain Fintech Bay and its partners to drive the development of new Fintech solutions that can better enable banks like NBB to innovate and effectively meet the rapidly evolving needs of our customers in today’s digital age. We look forward to collaborating with BFB and leveraging its know-how and networks to further NBB’s Fintech agenda and harness the power of emerging technologies for the benefit of all of our stakeholders.”

Mr. Khalid Saad, CEO of Bahrain Fintech Bay, said, “We congratulate Mr. Yaser Alsharifi on his appointment as Chairman of Bahrain Fintech Bay’s Advisory Board and welcome him to our Executive Board during this exciting time as we launch our efforts to drive Fintech innovation in Bahrain and across the region. Together with our Board Members and executive team, we look forward to his contributions and those of NBB to accelerate the adoption of Fintech and BFB’s position as the region’s leading Fintech hub.

 

About National Bank of Bahrain (NBB)

Established in 1957 as Bahrain’s first locally owned Bank, NBB has grown steadily to become the country’s leading provider of retail and commercial banking services. With a major share of the total domestic commercial banking market and the largest network of 25 branches and 62 ATMs, the Bank plays a key role in the local economy. At the same time, the Bank continues to diversify and develop capabilities to capture business opportunities in the Gulf region and international markets. The branches in Abu Dhabi and Riyadh lead the way in this initiative.

Publicly listed on the Bahrain Bourse, the Bank is owned 44.94% by private and institutional shareholders, mainly Bahrainis, 44.18% by Bahrain Mumtalakat Holding Company, which is 100% owned by the Government of the Kingdom of Bahrain, and 10.88% by Social Insurance Organization.

Market-driven and customer led, the Bank harnesses the latest technologies to people skills, enabling its employees to deliver highly professional services for retail and corporate customers.

 

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