The National Bank of Bahrain (NBB) recently signed a Memorandum of Understanding with the American University of Bahrain (AUBH) as part of its recently launched Education Finance product. 

 

The ceremony was held at the bank’s headquarters with the attendance of William D Hurt from AUBH alongside Subah Al Zayani and Ahmed Al Maskati from NBB. 

 

In line with its ongoing commitment towards social responsibility, NBB has partnered with the AUBH to offer its students suitable financial solutions with tenures of up to 7 years for their necessary academic expenses. 

 

Alongside competitive interest rates, customers will enjoy a quick approval process coupled with zero processing and insurance fees.

 

Commenting on the partnership, Subah Abdullatif Al Zayani, Chief Executive Retail Banking at NBB, said: “We are committed to responsible banking initiatives that were initiated as part of the bank’s ESG framework and its ongoing endeavours to invest in the community.”

 

“We are pleased to announce that NBB is committed to offering eligible students, who have been financed under the Education Finance product, the opportunity to participate in NBB’s structured internship programmes as part of their training post-graduation. We look forward to further extending our partnerships with more educational providers as part of our contribution and commitment towards the kingdom’s 2030 Vision.”

 

Hurt stated: “This is a holistic approach to support our students and we are proud of our partnership and ongoing collaboration. Their product and support will not only provide additional accessibility to deserving young adults who require financial support to enroll at AUBH, it will provide our students with new professional opportunities through internships and live projects, in one of the Kingdom’s leading banks.”

 

NBB endeavours to increase its finance offerings across all academic levels and encourage students to develop their skills across higher education sectors to become future leaders. 

 

The bank’s Education Finance solution aims to provide individuals with an array of choices that cover the financial expenses of various academic levels from kindergarten to higher education, including professional certificates at preferential rates. -- TradeArabia News Service