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NBB waives loan instalments

Manama, March 9, 2011

The National Bank of Bahrain (NBB) has announced that it will pay three loan instalments of up to BD100 monthly on behalf of customers whose salaries don’t
exceed BD500.

“The package will benefit customers who have been granted individual loans in exchange for salary transfer,” NBB chief executive officer and managing director Abdulrazzaq Qassim said.

The NBB board of directors announced the move in a bid to ease the burden on Bahrainis and boost spending.

The scheme will cost the bank BD3 million and benefit up to 10,000 Bahraini customers.

Customers eligible for the package should contact any NBB branch before March 22 and bring their February salary slips, the bank said.-TradeArabia News Service




Tags: investment | National Bank of Bahrain | finance | waiver | loan instalments |

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