Bahrain: NBB introduces ‘Tamweel Al Watani’ to SMEs
The National Bank of Bahrain introduced “Tamweel Al Watani” — a new lending scheme that aims to support locally owned businesses.
The new financing plan further empowers SMEs, aiding in their sustainability goals, while simultaneously improving cash flow positions across the Kingdom.
As part of the new scheme, SMEs can be eligible for up to BHD 100,000 in facilities, with repayment plans up to 5 years.
Businesses have to meet certain eligibility requirements to qualify for the new scheme, including meeting the Ministry of Industry, Commerce & Tourism’s (MOICT) Small and Medium Enterprises (SME) definition and preferably hold the MOICT issued SME classification certificate.
The initiative is another step in NBB’s ongoing endeavors towards becoming a more responsible organization, reflecting the Bank’s long-term commitment towards the community in which it operates to enrich the lives of generations.
For more information, please contact us on 17214433 or visit www.nbbonline.com
