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Bahrain Islamic Bank implements IBAN standard for all customer accounts

Posted on 13 October 2011

Bahrain Islamic Bank has implemented the international bank account number, or IBAN, standard for all customer accounts as part of compliance with the ISO system.
Commenting on the implementation of IBAN, Mr Abdul Rahman Mohamed Turki, Retail Banking General Manager said: “We are pleased to announce the implementation of the International Bank Account Number (IBAN) in response to the instructions of the Central Bank of Bahrain with the aim of increasing the efficiency of electronic transfers and payments in addition to ensuring the accuracy of local and international financial transactions.”………………………………………Full Article: Source

 
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