Usman Ahmed Poised to Guide Bahraini Banking Towards Sustainability

The CEO of NBB Group, Usman Ahmed, outlines the potential role of the Bahraini banking sector in helping the nation achieve its net-zero emissions target. This involves the provision of sustainability-linked loans, capital for clean energy, and a significant emphasis on sustainable finance frameworks. Ahmed discusses the anticipated impact of mandatory ESG disclosure requirements, which aim to boost transparency, attract international investors, and improve governance. Moreover, sustainable finance is seen as a critical framework for managing environmental and social risks. Ahmed stresses the importance of supporting SMEs, which represent the backbone of Bahrain’s economy. Fintech, including AI and cloud computing, is highlighted as vital for financial inclusion but poses governance challenges. In the face of these challenges, a robust regulatory environment that encourages innovation while ensuring stability is crucial.