The President of Seychelles Inaugurates the Official Launch of Al Salam Bank-Seychelles


Al Salam Bank-Seychelles Limited (ASBS), a joint venture between Al Salam Bank-Bahrain (ASBB) and the Seychelles Pension Fund (SPF), officially launched its full commercial banking services, at a ceremony held at the Bank’s headquarters in the capital, Victoria, under the patronage of H.E. Mr. Danny Faure, the President of the Republic of Seychelles, and in the presence of Ambassador Maurice Loustau-Lalanne, Minister of Finance, Trade, Investment & Economic Planning, Mr. Hussein Al Meeza, the Chairman of ASBS, Mrs. Lekha Nair, Vice Chairperson of ASBS and CEO of SPF, and Mr. Rafik Nayed, CEO of ASBB. The ceremony was also attended by senior government officials along with representatives of the business community.

The Minister, Ambassador Lalanne, commended Al Salam Bank for taking the lead in introducing a distinguished banking experience to Seychelles and congratulated both Al Salam Bank-Bahrain and Seychelles Pension Fund for taking the initiative to extend banking services in the country.

In his welcoming remarks, Mr. Hussein Al Meeza, Chairman of ASBS, emphasized that the launch is in line with the bank’s strategy to expand in the region and continue in its mission to deliver its customers with a range of competitive, diversified and innovative banking solutions through quality products and services. These include deposits, financing, trade finance and a range of tailored banking solutions.

Mr. Hussein Al Meeza further expressed his gratitude and appreciation to the President and the Government of Seychelles for their continued support. The Bank looks forward to creating a bridge between the Indian Ocean Rim countries and the GCC.

On this occasion, Mrs. Lekha Nair, Vice Chairperson of ASBS and CEO of SPF, said: “We are pleased to offer customers world class retail and corporate banking solutions. The bank aims to capitalize on its strong foundation, by introducing diversified banking products with the latest technologies targeted towards various customer segments.” Mrs. Nair emphasized ASBS’ adoption of internationally recognized standards and best practices in corporate governance enabling them to operate with the highest levels of integrity, transparency and trust.

ASBS is located in the Capital Victoria at Maison Esplanade, Francis Rachel Street. E-channels, ATM with cash deposit facility, debit cards, credit cards, online banking and other services provide additional banking convenience to its clients.