UGB sponsors major financial services marketing initiative at IMF and World Bank Annual Meetings in Washington D.C.

The BAB will be hosting a formal Reception at the Mandarin Hotel in Washington on 8 October 2010 to market Bahrain and its financial services sector to leading figures and institutions in the global banking and finance industry. Bahrain's delegation will be led by the Minister of Finance, H E Shaikh Ahmed bin Mohamed Al Khalifa and the Governor of the Central Bank of Bahrain, H E Rasheed Al Maraj. The IMF/World Bank Annual Meetings are a prestigious forum of international cooperation on financial and economic issues which are attended by leading global financial and decision makers.

UGB Chief Executive Officer, David J Rhodes, commented, "UGB is dedicated to supporting Bahrain's efforts to position itself as one of the leading centres for Middle Eastern finance. The region as a whole, and its financial services sector, offers significant growth potential. UGB's strategy will seek to capture a growing part of this valuable market opportunity for the benefit of shareholders and clients. The ability to operate from a well regulated, liberal market such as Bahrain gives us a competitive edge in the region. The Bahrain Association of Banks' reception at the IMF and World Bank Annual Meetings offers a great opportunity for UGB and its peers to market the potential of Bahrain and the region to some of the leading global banking and financial institutions."