NBB launches Bahrain’s first mortgage offering with Integrated Solar Financing

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

The National Bank of Bahrain (NBB) recently launched an innovative mortgage offering in line with its commitment to Environmental, Social and Governance (ESG) practices, to give customers the option to combine solar financing as part of their mortgage package.

The financing programme is the first of its kind in the Kingdom, empowering property buyers to enjoy a sustainable lifestyle, while simultaneously benefitting from competitive interest rates and flexible repayment terms.

Commenting on the occasion, Subah Abdullatif Al Zayani, Chief Executive - Retail Banking at NBB said, “We consistently strive to provide our customers with innovative & affordable home financing solutions and enable savings on monthly electricity bills.

Our integrated mortgage and solar finance package reflects our dedication to sustainability while ensuring accessible financial services for our valued customers The combined mortgage and solar finance package also offers prospective buyers a swift approval process, a maximum tenor period of 30 years, and a grace period of up to 6 months.

Additionally, by generating their own solar power, property owners can enjoy significant savings on monthly electricity bills.

Details of all NBB products and services can be obtained by visiting any NBB branch, logging on to www.nbbonline.com, or contacting the Bank’s Customer Service Centre at +973 1721 4433.