Bahrain Islamic Bank (BisB), a key provider of Islamic digital banking services in the kingdom, has signed a cooperation agreement with leading telecom services group STC, which aims to implement several initiatives that serve small and medium-sized enterprises (SMEs).

 

A key financial institution, BisB caters to the corporate sector by providing integrated financial and banking solutions through its network of eight branches and 48 ATMs across Bahrain.

 

In addition to this it has online banking services through BisB's digital application and website, where customers can open accounts and complete banking transactions within a few minutes, which include salary transfers and foreign exchange transactions, in addition to settlement services and corporate credit cards.

 

Chief Corporate and institutional Banking Officer Jawad Abdul Hadi Humaidan said: "The agreement with STC reflects our commitment towards supporting SMEs and corporate customers through providing comprehensive and innovative solutions in cooperation with the market leaders that will enable the growth of these customers." 

 

"This partnership provides an added value to our customers in addition to the simplified innovative financial solutions that we offer, which are designed to enable our SMEs and corporate customers to execute financial transactions digitally and in a matter of minutes," he noted.

 

stc Bahrain Chief Business Officer Hesham Mustafa said: "We are honoured to be working with BisB to empower SMEs in the kingdom as an important contributor to Bahrain's Economic Vision 2030. We are proud to be providing connectivity and digital services for businesses that wish to scale and enhance their profits, enabling success for companies across various sectors."

 

"We look forward to continue providing seamless digital and business solutions to drive economic growth, employment, and digital innovation in Bahrain," he added.-TradeArabia News Service