Marcopolis presents the Bahrain Report focused on the investments, doing business, economy and other topics featuring interviews with key executives and government officials. The sectors under review are industry, telecom, banking sector, ICT, investments and more.
Developed in conjunction with Ext-Joom.com
Jamal Ali Al-Hazeem, CEO of BMI Bank, talks about BMI Bank. According to the CEO, BMI Bank should grow by at least 3% in 2013; though such figures are difficult to predict.
"Overall, I think BMI Bank will grow either within the market average or slightly above – on both sides of the balance sheet. Last year the market average was about 2.5 or 2.6% and we grew at a higher rate. This year I think it is estimated around 3% so I think BMI Bank will be able to grow by around 3% or slightly higher." he says.
The strategy for BMI Bank is clear. The bank will continue, adds Al-Hazeem, " to improve the quality of our assets. We’ll continue to take necessary provisions against any remaining non-performing loans and we’ll continue to make the effort to improve our performance in order to also improve our ratings. We plan to have profits on a quarterly basis and end the year with a profit. Also in our plan for 2013 is to pay dividends to our shareholders after a long time so let’s hope we can achieve that."
Furthermore, Al-Hazeem discloses his views on the marketing strategy, the branding, the innovation, and the challenges that affect the growth of the bank.