EBDAA Takes the Lead as Top Arab Bank in Microfinance

Ebdaa – Bahrain Microfinance Company has been honoured with the prestigious title of “Best Arab Bank in the Field of Microfinance” by the World Union of Arab Bankers.

This esteemed recognition underscores the company’s outstanding efforts in advancing micro financial services, offering innovative and adaptable financial solutions to individuals, startups, small and medium enterprises. Furthermore, it acknowledges Ebdaa’s significant contribution to fostering economic growth and promoting sustainable development within the Kingdom of Bahrain.

The accolade was accepted by Mr. Yousif Qamber, Manager of Human Resources and Administration at Ebdaa on behalf of the company’s CEO, Dr. Khaled Al- Ghazzawi during the Arab Banks Awards & Commendations of Excellence2023 held in Istanbul by the World Union of Arab Bankers. The selection process for this prestigious award involved meticulous evaluation based on a comprehensive set of international criteria, as well as the insights of a distinguished panel of expert analysts.

Ebdaa’s achievement of the “Best Arab Bank in the Field of Microfinance” award is a testament to its remarkable accomplishments in financial inclusion. The company’s success is attributed to its advanced indicators in mainstreaming financial inclusion, unwavering commitment to providing innovative and flexible financial tools to individuals and small and medium enterprises, and its ability to achieve a qualitative leap in services, products, and branches, all while keeping pace with the digital transformation in the microfinance sector.

In response to this achievement, Dr. Khalid Al Ghazzawi, CEO of Ebdaa, expressed his pride, stating, “We are honoured that our ongoing success has been acknowledged at the regional level after the company was honoured several years ago with the Best Women Empowerment Award in the Arab World. This recognition underscores our dedication to advancing the microfinance sector in Bahrain and solidifies our position as leaders in the industry. It highlights our continuous efforts to offer innovative and accessible financial services to individuals and institutions in the Kingdom of Bahrain.”

Dr. Al-Ghazzawi emphasized that Ebdaa’s selection as the “Best Arab Bank in the Field of Microfinance” award strengthens their responsibility to further enhance their strategy. He affirmed their commitment to making Bahrain a prominent leader in the microfinance industry within the region. Their tireless endeavors will continue, ensuring both social and economic development in the Kingdom.

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