NBB introduces ‘Tamweel Al Watani’ scheme for SMEs
MANAMA, 7 hours, 48 minutes ago 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 them in their sustainability goals, while simultaneously improving cash flow positions across the kingdom. And to further support to the kingdom’s integral SME sector, the bank is providing an easier application process and quick turnaround for applicants of this lending scheme. As part of the new scheme, small and medium businesses can be eligible for up to BHD100,000 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.
NBB introduces Tamweel Al Watani scheme for SMEs
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NBB introduces Tamweel Al Watani scheme for SMEs
tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
The Daily Tribune – www.newsofbahrain.com
Standing side by side as a friend and partner, Bahrain has joined international efforts to help India in its fight against the coronavirus (COVID-19). As the country suffers critical oxygen shortages amid a devastating surge in COVID cases, the Kingdom is sending medical equipment and oxygen to India.
The Cabinet, during yesterday’s weekly remote meeting chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, expressed Bahrain’s support to India in its time of need.
In a show of solidarity with the people of India, the Cabinet extended sincere condolences to its government and citizens following the deaths of COVID-19 patients.