Bahrain’s NBB & Kingdom University sign MoU to offer education financing

By Shilpa Annie Joseph, Desk Reporter
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Bahrain’s first locally-owned bank, National Bank of Bahrain (NBB) has signed a Memorandum of Understanding (MoU) with Kingdom University (KU) as part of the Bank’s ‘Education Finance’ product.

In line with the Bank’s commitment to community investment, NBB’s education finance product will offer 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,” according to the statement.

NBB strives to increase its line-up of financial offerings to better cater to its customers across various academic levels.

Mr. Subah Abdullatif Al Zayani, Chief Executive of Retail Banking at NBB said that, “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.”

The bank provides suitable financial solutions as part of the “Education Finance” product where it provides customers who are interested in 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 NBB’s contribution towards the Kingdom’s Economic Vision 2030, which aims to create a brighter future for new generations.

“We look forward to continuously working with educational institutes in the Kingdom as part of our contribution to fulfilling Bahrain’s Vision 2030. We are proud to be partnering with one of the leading financial institutions in the Kingdom,” Prof. Nader Al-Bastaki, Acting President at Kingdom University said.

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