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Manama:– National Bank of Bahrain (NBB) today announced the continued enhancement of its service and value proposition for its Business Clients with the launch of new, state-of-the-art, high-speed large Cash Deposit Machines (CDM) in Bahrain. This comes in line with the Bank’s vision towards expanding its Transaction Banking offering by digitalising its clients’ cash management and improving their accessibility to other bank services
Corporate clients are deploying NBB CDM’s in their head offices and retail outlets. Accessed by biometric scan, clients can deposit cash up to 20,000 notes at a time. Cash is instantly credited to the clients account with no need to visit NBB branches. Cash is collected from the clients premises by Secure Services.
The machines have been successfully deployed at various Business Clients’ premises, who have provided very positive feedback. Retail customers can also deposit large amounts of cash taking advantage of this 24/7 easy deposit functionality by using their NBB debit cards.
Commenting Head of SME & Commercial at NBB Mr. Arif Janahi, said, “In line with the Kingdom of Bahrain vision and NBB’s focus on supporting the development of its SMEs, we’re delighted to roll out further digital service innovations that enable our valued clients to better manage their banking and cash transactions. We’re investing significantly in ensuring NBB’s platforms and services are world-class and that our clients are gaining maximum value through their partnership with NBB.”
Mr. Ali Abdulkarim, Head of Coverage, Corporate & Institutional Investment Banking, added, “Better catering to the needs of our large corporate clients is a priority for NBB and providing them with easier access to our services through onsite CDMs or deposit points in closer proximity to their businesses is another added benefit. We will be rolling out additional machines that help us in our mission to get closer to those we serve and to enhance their banking experience and our value proposition.”
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About National Bank of Bahrain B.S.C
National Bank of Bahrain B.S.C. (“NBB”), was established in 1957 as Bahrain’s first locally owned bank, incorporated under the laws and regulations of the Kingdom of Bahrain. NBB has grown steadily to become the Kingdom’s leading provider of retail and commercial banking services. With a major share of the total domestic commercial banking market and the largest network of branches and ATMs, NBB plays a key role in Bahrain’s Economy. NBB continues to diversify and develop capabilities to capture business opportunities in the Gulf region and international markets with the Abu Dhabi and Riyadh branch leading the way in this initiative. NBB is listed publicly on the Bahrain Bourse.
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