The National Bank of Bahrain (NBB) has introduced an exclusive offer for financing to its retail customers who want to install solar panels with Almoayyed Solar Company.
Under this financing offer, customers will get quick approvals, competitive interest rates, zero processing fees, and a 50% discount on insurance fees with a tenor of up to 7 years.
The bank also looks for similar partnerships in the near future with other solar panel suppliers in the region.
The installation of solar panels will positively impact and help in reducing the bad impact on the health of the environment. Also, the installers will ultimately be able to reduce their costs in the long run as they receive a reduced electricity bill and gain a raise in the property value over time.
Commenting, Subah Al Zayani, chief executive for retail banking at NBB, said, “We are pleased to offer different and diverse financing options, such as personal financing for solar energy. Through this initiative, we hope to increase awareness amongst our valued customers about the benefits of adopting solar energy and the significant positive impact that this step will have. We encourage our customers to apply to this unique offer, and work side by side with us in order to preserve the environment and enrich the lives of future generations.”
The bank also seeks to contribute meaningfully towards environment preservation and has implemented an array of ESG initiatives, including the installation of solar panels in select branches, as part of a three-year sustainability roadmap.