NBB signs MoU with Saudi EXIM

NBB signs MoU with Saudi EXIM

The National Bank of Bahrain (NBB) has signed a Memorandum of Understanding with Saudi EXIM– Saudi Export-Import Bank tasked with promoting the development and diversification of Saudi exports. The agreement between both banks will help facilitate trade flows between the Kingdom of Saudi Arabia and other countries. The signing ceremony was held at Saudi EXIM Head Office in Riyadh, in the presence of a number of representatives from both entities.

As a result of the partnership, NBB will offer competitive financing rates to Bahraini companies importing goods from Saudi Arabia. NBB’s Saudi-based clients will also be able to export their products through the provision of guarantees, credit insurance and more.