NBB supports Kingdom’s healthcare sector

National Bank of Bahrain (NBB) said it continues to increase its contributions and support for initiatives aimed at further enhancing social and economic development in the Kingdom of Bahrain. NBB said it has worked closely with the healthcare sector and community to further strengthen established relationships, forge new partnerships and deliver nearly BD10 million worth of funding commitments over the past two years alone.

Each year, NBB earmarks 5 per cent of its total annual net profits for the support of noteworthy social initiatives and charitable causes with healthcare one among several key pillars. Among the notable healthcare initiatives supported by NBB over the past two years has been financing for the new Multiple Sclerosis (MS) Hospital in Muharraq. NBB has committed to covering all expenses for the MS centre’s construction on behalf of the Ministry of Health at an estimated cost of BD1.7 million over the next 3 years with works supervised by the Ministry.

An even larger project supported by NBB is the development of the new medical centre in the Jaaw Area. NBB has made a financial commitment to constructing, refurbishing and equipping the Khalifa City Health Centre in Jaaw, a project that will be completed at an approximate cost of BHD 6 million by the second half of 2021. NBB’s assistance will aid in the financing of the building and the fit out of the centre and its medical equipment.

A host of other ongoing partnerships and support further characterise NBB’s commitment to improvements in healthcare. This includes the donation of equipment over the past two years to leading local hospitals including the Salmaniya Medical Complex, Bahrain Defence Force (BDF) Hospital and the Sh. Mohammed Cardiac Centre as well as to organisations such as the Red Crescent Society and Bahrain Mobility International, ongoing support for the elderly through the NBB Elderly Home and the raising of awareness and funds for children with cancer, breast cancer and drug dependency and weight loss, among others.

Commenting, Farouk Almoayed, Chairman of NBB said, “We look forward to building on the traction we have made in integrating our CSR activities within the healthcare sector as we continue to prioritise giving back and getting closer to those we serve.”