NBB signs MoU with Naseej

TDT | Manama  

The Daily Tribune – www.newsofbahrain.com

The National Bank of Bahrain (NBB) has signed a Memorandum of Understanding (MoU) with Naseej BSC, whereby both companies will work to provide exceptional benefits for shared clients who wish to invest in a property under the Naseej real estate projects.

Naseej is a leading Bahraini property developer responsible for projects throughout the Kingdom, and the MoU will enable NBB to provide a suite of mortgaging options for people interested in purchasing a Naseej Real Estate property.

Prospective buyers will be able to benefit from competitive interest rates and a tenor period of up to 30 years, all while enjoying a fast approval process.

Subah Abdullatif Al Zayani, Chief Executive, Retail Banking at NBB, said: "We are very pleased to have signed this agreement with Naseej and look forward to facilitating our customers as they plan their property purchase at Nasayim Arad, CanalView at Dilmunia, and Basateen residential villas in Busaiteen.

NBB is partnering with many of Bahrain’s leading developers, providing customers with diverse housing options. We look forward to further expanding our partnership with Naseej through a variety of customer-centric financing solutions."

Mohammed Al Shaikh, Head of Investments at Naseej BSC, said: "Our strategic partnership with NBB supports our continuous efforts to provide a unique service to our customers and meet their needs through the Bank’s rewarding financing solutions and providing customers with a variety of options and enhanced services in a fully integrated manner."

He added: "We agree with NBB to provide real estate financing solutions to meet the needs of customers purchasing housing units from Naseej's, which cover projects such as Nasayim Arad, CanalView Project, and Basateen residential Villas located in Busaiteen-MMuharraq.

We also confirm that we will work alongside NBB to provide financing solutions that help our customers purchase the property they want in any of our distinguished projects."

The National Bank of Bahrain continues to diversify its housing solutions to meet the various financial and residential needs of its customers, as competitive interest rates and a fast and smooth approval process contribute to making it the Bank of choice for Bahrainis interested in buying the right property for them.