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Manama, Bahrain: The National Bank of Bahrain (NBB) is offering exclusive financing plans for its retail customers looking to purchase and install solar energy panels. The offer is designed to enable applicants within the Kingdom of Bahrain to contribute meaningfully to environmental preservation.
Alongside the bank’s ongoing ESG initiatives, the financing scheme is a part of NBB’s ongoing efforts to embed sustainability practices within both the industry and the Kingdom of Bahrain. NBB is actively introducing targeted products and services to help promote a greener lifestyle, facilitating the process for customers who are looking to make the shift into a more sustainable way of life.
Solar panel installation positively affects the current environmental impact, and installers will ultimately receive a reduced electricity bill and gain an increase in the property value over time. NBB customers who wish to benefit from the exclusive offer will also enjoy competitive interest rates, alongside zero processing fees and a 50% discount on insurance fees.
On this occasion, NBB has signed an MoU with Almoayyed Solar Company .B.S.C., which aligns with the Bank’s focused strategy to achieve its outstanding ESG goals and encourage a shift towards alternative clean energy solutions.
Almoayyed Solar Company will provide NBB’s customers with exclusive offers to purchase solar energy panels. Customers who wish to apply for financing will also benefit from a quick approval, lower interest rate, and a waiver of loan processing fees with a tenor up to 7 years.
Commenting on the latest initiative, Subah Al Zayani, Chief Executive - Retail Banking at NBB, said: “This initiative comes as part of our efforts towards integrating sustainability into all our corporate framework, including the financing products and initiatives available to our customers. We at NBB are pleased to offer different and diverse financing options, such as personal financing for solar energy. Through this initiative, we hope to increase awareness amongst our valued customers about the benefits of adopting solar energy and the significant positive impact that this step will have. We encourage our customers to apply to this unique offer, and work side by side with us in order to preserve the environment and enrich the lives of future generations.”
The National Bank of Bahrain seeks to build a more environmentally conscious community and has implemented an array of ESG initiatives, including the installation of solar panels in select branches, as part of the Bank’s 3-year sustainability roadmap set on creating a more sustainable future for both the organisation and the Kingdom as a whole.
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