NBB Signs MoUwith the Grnata Group to Offer Financing for Al-Rayyan Project

NBB Signs MoUwith the Grnata Group to Offer Financing for Al-Rayyan Project

The National Bank of Bahrain (NBB) has signed a Memorandum of Understanding (MoU) with the Grnata Group whereby the Bank will provide exclusive offers for residential properties located in ‘Al-Rayyan’ project in Budaiya.

The Grnata Group is one of Bahrain’s leading property companies and the recently signed MoU will enable NBB to provide accessible financing schemes for customers interested in purchasing an ‘Al-Rayyan’ property. NBB will offer prospective buyers a six-month grace period, competitive interest rates, a tenor period of up to 30 years and swift approval processes along with a special gift for the first 20 buyers.

Commenting on the occasion, Subah Abdullatif AlZayani, Chief Executive- Retail Banking at NBB said; “By collaborating with prominent developers in Bahrain such as the Grnata Group, we are committed to fulfil the customers’ aspirations to own property and find their ideal home.”

The Grnata Group’s Head of Marketing, Ahmed Habib said; “We are pleased to be partnering with NBB who will offer buyers access to financing for our ‘Al-Rayyan’ properties in Budaiya. Each house within the project has been exquisitely designed and constructed to cater to a modern lifestyle. Through collaborating with NBB, Bahraini residents will be able to relocate to this premium development.”

The Bank