BBK, Tamkeen boost ties to support private sector

TDT | Manama 

The Daily Tribune – www.newsofbahrain.com

BBK, a pioneer in retail and commercial banking, has signed an agreement with Tamkeen to boost strategic relationships to support private sector institutions. The agreement seeks to facilitate access for enterprises to multiple financing solutions for different market segments, being startups or mature businesses.

According to BBK, productivity enhancement, revival of business operations, local or overseas expansions, adoption of digital solutions and other areas are the core objectives of the financing arrangement.

It should create new job opportunities in the local market and ultimately contribute to the overall growth of GDP. Ahmed Taqi, General Manager of Corporate Banking at BBK, said: “We are proud to have served the private sector in Bahrain within the past fifty years and will continue doing so through this newly signed partnership with Tamkeen.”

He added: “Our collaboration with Tamkeen aims to ensure that Bahraini private sector institutions receive the necessary funding to stimulate economic activity, as well as to encourage entrepreneurs, businessmen, and investors to start new projects and expand their businesses to achieve their development objectives.”

Ahmed stated that by injecting more funding into private sector institutions, particularly Small and Medium Enterprises, the national economy will recover faster and support development and national prosperity.