English - BMI Bank

Chairman’s report
[CHAIRMAN’s REPORT]
2011 was a challenging year for Banks both locally as well as within the region. In
addition, the unfortunate events that began within Bahrain in February severely
affected local banks as key businesses within the economy including retail and tourism
suffered with low volumes. Set against this backdrop, BMI Bank continued pushing
forward with the transformation of its business into a stronger retail and commercial
bank achieving significant traction and positive momentum during the second half of
the year through the introduction of various customer-centric initiatives. Whilst the
net results for the year is a loss of BD 3.4 million, the return to net profit for the last
two quarters of 2011 reflects the effectiveness of the Bank’s strategy.
SHEIKH KHALID BIN MUSTAHAIL AL MASHANI
CHAIRMAN
Sheikh Khalid bin Mustahail Al Mashani is the Chairman of the
Board of Directors of BankMuscat S.A.O.G.; Chairman of the
Board of Directors of BMI Bank B.S.C. (c), Bahrain; Deputy
Chairman of Al Omaniya Financial Services Company; and
Chairman of Dhofar International Development & Investment
Holding Company S.A.O.G.. Sheikh Khalid is also the Director
of Dhofar Cattle Feed Company S.A.O.G.; and the Chairman
of the Board Risk Committee of BMI Bank B.S.C. (c), Bahrain.
Sheikh Khalid holds a B.Sc. in Economics and a Masters
Degree in International Boundary Studies from the School of
Oriental and African Studies (SOAS), University of London.
BMI Bank Annual Report 2011 [11]