Bank of Bahrain and Kuwait launches a package of sustainable financing products

The Bank of Bahrain and Kuwait, the leader in retail and institutional banking services in the Kingdom of Bahrain, announced the launch of an integrated package of sustainable financing products, which comes within the bank’s sustainable financing framework. This strategic initiative confirms the bank’s leadership in providing innovative financing solutions, and renews its commitment to integrating the principles of sustainability into all its banking operations. By supporting the transition towards a more balanced and environmentally friendly economy and promoting responsible financial practices, this initiative is consistent with the National Plan for Sustainable Development in the Kingdom of Bahrain and global environmental, social and institutional governance standards.

On this occasion, Mr. Yasser Al-Sharifi, Group CEO of the Bank of Bahrain and Kuwait, said: “We are pleased to launch the sustainable financing product package from the Bank of Bahrain and Kuwait, which we consider to be an important milestone in the bank’s journey towards establishing sustainability as an essential element in our business, services and banking products. We believe that the financial and banking sector has a pivotal role in supporting the transition towards a more balanced and sustainable green economy, and through these products we seek to encourage individuals and companies to make responsible financial choices that take into account environmental, social and governance standards, and achieve a long-term positive impact.” Long term impact on society and the economy.

He added: “These products reflect our long-term vision of aligning our business with the best international standards in the field of sustainability, and supporting national development priorities and Bahrain’s Vision 2030, which aims to shape a sustainable future for all. We at the Bank of Bahrain and Kuwait will continue to move forward in developing quality products and initiatives that contribute to building a more sustainable future for future generations, and strengthen our position as a leading banking institution in the field of sustainable finance.”

For his part, Mr. Mohammed Al-Aali, Head of Strategy and Sustainability at the Bank of Bahrain and Kuwait, stressed that the launch of sustainable financing products comes as a translation of the bank’s long-term vision to integrate sustainability into the core of its corporate strategy, and to provide financing solutions that balance achieving economic growth and creating a tangible positive impact on society and the environment. He pointed out that these products were carefully designed to keep pace with the needs of individuals and institutions alike, support the shift towards more sustainable practices, and place the Bank of Bahrain and Kuwait at the forefront of financial institutions that establish an integrated financing framework based on integrating… Environmental, social and governance considerations in product design to keep pace with economic transformations and support long-term growth.

The package includes a set of financing solutions designed to meet the needs of individuals and institutions, including financing for electric cars, which aims to encourage the use of environmentally friendly means of transportation, and allows customers to benefit from benefits that include paying the first installment after 6 months, reduced bank fees, and quick approval, in addition to competitive interest rates, and without the need for a down payment.

The bank also offers green trade financing, which provides preferential rates for sustainable trade financing operations, with extended repayment periods of up to 270 days, and support for commercial transactions that comply with environmental, social, and governance standards, in addition to sustainable business financing, which provides specialized advice and support in the field of environmental, social, and governance practices and the granting of relevant certifications, in addition to flexible financing periods specifically designed to suit the needs of each small and medium-sized company.

In the field of housing, the bank offers social housing financing, which supports the sustainable financing framework in the Kingdom, and aims to facilitate citizens’ home ownership in a more easy and responsible manner, as it provides a cashback of 1,000 Bahraini dinars upon approval of social housing financing from “Tas’heel” and “Tas’heel+”, with the possibility of financing up to 115% of the value of the property, a repayment period extending up to 30 years, and competitive interest rates, in addition to additional financing for furnishing the home and meeting other needs.

The package also includes education financing designed to support investment in human capital, as it allows customers to postpone the payment of the first installment for 180 days, ease of application and speed of approval of the application, with very competitive interest rates, an insurance cover to protect financing, and flexible payment options of up to 7 years, with a financing amount of up to 40 thousand Bahraini dinars.

The Bank of Bahrain and Kuwait invites all those wishing to benefit from sustainable financing products to visit one of the bank’s branches or call 17207777 for individuals and 17207772 for institutions to inquire and view product details.