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Citibank Hold Banks in Action Competition

Citibank Hold Banks in Action Competition
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Isa Town Secondary School for Boys Wins the Competition

Bahrain – For the third consecutive year, INJAZ Bahrain and Citibank Bahrain held the Banks in Action (BIA) Competition for the 2011-2012 academic year. Six schools teams; from an origin of 13 teams; took part in the final round of INJAZ Bahrain (BIA) Competition which was held at Citibank’s headquarters at the Seef District on Monday 11th of June 2012.

INJAZ Bahrain Executive Director, Her Highness Shaikha Hessa bint Khalifa Al Khalifa, Citibank Chief Executive Officer, Mazin Manna, and INJAZ Bahrain board members and management staff attended the competition.

“Today’s school students need to be introduced to different sectors and challenges they could face once they choose a career. It has become a necessity for this generation to learn more about the banking sector before they decide what to study at university”, commented HH Shaikha Hessa. “We really appreciate Citibank’s continuous host and sponsorship of the competition and are proud to be the first country in the Middle East to have implemented the Banks in Action program”, she concluded.

Since 2005, the Citigroup Foundation, a member of Citi, has been annually contributing $40,000 in grants to INJAZ Bahrain to implement the “Banks in Action” program. In October 2011, Citi increased its investment to USD 85,000 for the Banks in Action program which reached out to more than 1560 students of the government secondary schools in Bahrain during the academic year 2011/2012.

Teams from 3 boys and 10 girls’ schools participated in the competition which followed INJAZ Bahrain’s successful “Banks in Action” program implementation during the academic year 2011/12. The students play the roles of bank managers and make decisions on how to guide it to success through a special computer simulation. The winning bank is the one which creates a winning strategy to best serve their customers, manage their bank’s assets and liabilities, and increase their profits.

Isa Town Secondary School for Boys Team was declared winner following a stringent grading process.

Mazin Manna, CEO of Citi Bahrain and INJAZ Bahrain board member, commented: “Citibank is pleased to be associated with this program that helps students understand real life challenges and the importance of decisions made in a banking work environment on the future of a bank and potentially the economy at large. Banks in Action program acts as a link between schools and the job market and prepares tomorrow’s generation for their future careers in the banking sector."

To date, a total of 3914 students from all secondary girls’ and boys’ schools have benefited from the volunteer-led Banks in Action program provided by INJAZ Bahrain. Bahrain is the first country in the Middle East to have started implementing the program in 2006.

Citi has been in the Arab World for nearly 50 years and continues to view the region as critical to its global franchise. It is currently present in ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait.

For the past four decades, Citibank Bahrain has evolved into a premium provider of state-of-the-art banking services as well as becoming an active corporate citizen, with a particular interest in supporting financial education and developing Bahrain’s talent pool.

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