Bahrain Financial Sector reception in Washington regards

The theme of the reception is : 'Bahrain - The Winning Formula - 1st for Finance in the Middle East' and will be hosted on October 19 at the prestigious Smithsonian National Portrait Gallery by Bahrain Financial Services Development, part of the Economic Development Board, and the Bankers' Society of Bahrain.

Gulf International Bank (GIB) is a leading merchant bank in the Middle East with its principal focus on the Gulf Cooperation Council (GCC) states. With a proven track record spanning more than 30 years, GIB provides client-led, innovative financial products and services.

GIB has gained an international reputation for project and trade finance and is a leading player in the regional syndicated loan market. More recently, the bank has increased its focus on merchant banking services, including corporate finance and asset management.

GIB was the first bank in the GCC to be awarded long-term investment grade credit ratings by all three agencies. GIB's long-term foreign currency debt ratings are: Fitch: A, Moody's: A2 and Standard & Poor's: A-.

Over the last 30 years, GIB has become one of the most respected banks in the Arab world, with total assets of more than US$ 27.5 billion and Shareholders' Equity of $ 2.3b at the end of June 2007.

Other sponsors of the Washington event from the banking community so far include Al Salam Bank, Ahli United Bank, BBK, Eskan Bank, Investcorp, National Bank of Bahrain, Securities & Investment Company (SICO), TAIB Bank and United Gulf Bank.

Further information can be obtained from the Bankers' Society by contacting Event Coordinator Ms Judy Delfino on 17 728003.