The National Bank of Bahrain (NBB) recently signed a Memorandum of Understanding with Y. K. AlMoayyed & Sons car dealerships to present the bank’s customers with the opportunity to receive auto financing on their new vehicles.
With a focus on customer-centricity, the bank is providing an exclusive offering on a range of cars available at the Y. K. AlMoayyed dealership. As the first MoU to provide customers with the best financing solutions available, NBB is extending this offering with low interest rates and a fast approval process with the aim to alleviate customers’ financial burden.
This MoU paves the way for NBB to extend auto loans and explore exclusive offers. NBB aims to position themselves as the preferred local partner within the auto industry by collaborating with key auto dealerships across the Kingdom, Subah Abdullatif Al Zayani, NBB Chief Executive of Retail Banking, said.
With a variety of vehicles in store, including Nissan, Ford, Infiniti, Renault and Lincoln, Y. K. AlMoayyed anticipates future partnerships that will help car owners find the cars they need coupled with the most suitable financial solutions, Anas Yahya, Y. K. AlMoayyed & Sons General Manager, said.