What I am thinking of is one of the most conspicuous developments in the field of banking, namely the consolidation process. A topical example of that is the recently announced merger of Banca Intesa and Banca Commerciale Italiana (BCI). That merger is intended to create the largest credit institution in Italy, which wishes to establish itself among the Big Banks of Europe.
In fact, Bahrain’s financial sector continues to see the highest value-added per worker. The sector employs 2.7% of Bahrain’s civil service and private sector workforce, while contributing over 25% of GDP. However, as you are all aware, the financial services industry is one of the most rapidly growing and evolving segments of the global economy.