The National Bank of Bahrain (NBB) signed a Memorandum of Understanding with Kingdom University as part of the Bank’s Education Finance product. The ceremony was held at NBB’s headquarters in the attendance of Prof. Nader Al-Bastaki and Mr. Mahmood Fareed from the Kingdom University, alongside Mr. Subah Abdullatif Al Zayani and Mr. Ahmed Al Maskati from the National Bank of Bahrain.
In line with the Bank’s commitment towards community investment, NBB’s education finance product will provide the university’s students with suitable financial solutions to cover their academic expenses, with a tenor of up to 7 years. Customers will make use of NBB’s competitive interest rates and a seamless approval process, as well as zero processing and insurance fees.
In addition, eligible students will also have the opportunity to join NBB’s internship program to gain valuable insight into the industry as well as post-graduate training experience.
Commenting on the partnership, Subah Abdullatif Al Zayani, Chief Executive – Retail Banking at NBB, said: “In line with the Bank’s ESG framework, which focuses on investing in the future of our community and its youth, we are pleased to be partnering with Kingdom University to extend our financial solutions across various academic institutions in Bahrain. We look forward to continuously working with educational institutes in the Kingdom as part of our contribution to fulfilling Bahrain’s Vision 2030”.
Prof. Nader Al-Bastaki, Acting President at Kingdom University, said: “We are proud to be partnering with one of the leading financial institutions in the Kingdom. Our partnership with NBB will enable our students to receive a higher education through the Bank’s financing programme, and gain hands-on experience and knowledge within the field through potential training opportunities. We hope to continuously develop our ongoing partnership as we prepare a generation of leaders.”
NBB strives to increase its line-up of financial offerings to better cater to its customers across various academic levels. The Bank offers suitable financial solutions as part of the “Education Finance” product where it provides customers who are interested in a higher education with a tenor of up to 7 years, competitive interest rates with a quick approval process, alongside zero insurance and processing fees .
This is part of the Bank’s contribution towards the Kingdom’s Economic Vision 2030, which aims to create a brighter future for new generations.