The Bahrain Association of Banks (BAB) and the Association of Banks in Singapore (ABS) have signed a strategic memorandum of understanding (MoU) to expand financial and technical collaboration between banking institutions in the two countries.
The agreement, signed on the sidelines of BAB’s participation in the Singapore FinTech Festival (SFF) 2025, establishes a formal framework for continuous exchange of information, expertise, and insights on shared areas of interest. It also aims to facilitate dialogue among member institutions through joint seminars, roundtable discussions, and specialised banking capacity-building programmes.
“This collaboration represents a major step towards enhancing knowledge exchange and technical expertise,” said BAB chief executive officer Zeeba Askar.
She added that the partnership is committed to directly benefiting member institutions and reinforcing the competitiveness of Bahrain’s financial sector, aligning with the strategic vision to highlight the kingdom as a leading regional financial hub.
ABS director Ong-Ang Ai Boon expressed pleasure in signing the MoU, noting it “will strengthen linkages and enhance collaboration between our financial sectors.”
She underscored both associations’ commitment to advancing the exchange of best practices and expertise in banking and FinTech, affirming the essential role of international partnerships in driving innovation and financial stability.
The signing is noted as another milestone in BAB’s international co-operation journey, reinforcing its efforts to strengthen global partnerships.
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