6/27/2021: Bahrain Growth Financial institution (BDB) right now introduced the launch of “tijara”, a brand new environment friendly digital banking platform for Small and Medium Enterprises (SMEs), enabling firms to use for loans on-line for the primary time within the Kingdom.
The launch coincides with the UN Day of Micro, Small and Medium Enterprises (IMMEM) and is a milestone in Bahrain Growth Financial institution’s technique to drive digital transformation and help the expansion of small companies and startups in Bahrain by offering environment friendly banking options and simplified. .
The platform will likely be accessible to pick BDB clients on this preliminary part and will likely be accessible to all clients within the subsequent part to be introduced later this yr and can embrace further BDB services.
Clients utilizing the brand new platform will be capable of register and endure biometric verification digitally on the location www.tijara.bh. As well as, the platform permits clients to use for BDB’s newly launched ‘Categorical’ mortgage, which is short-term financing of as much as BHD 15,000, and monitor the progress of their utility on-line.
HE Minister of Business, Commerce and Tourism Mr. Zayed R. Alzayani mentioned: “The launch of BDB’s new tijara platform is in keeping with the ministry’s dedication to chop purple tape, empower the SME sector and additional enhance the enterprise setting in Bahrain. The added flexibility of this service will enhance competitiveness by creating an progressive and easy course of for SMEs and startups to achieve entry to monetary providers and funding.”
Bahrain Growth Financial institution President, HE Mr. Khalid Al Rumaihi mentioned: “Through the years, BDB has contributed drastically to fostering an setting that empowers companies of all sizes, and as disruptive know-how continues to rework industries, this platform is one other step ahead within the digital area in Bahrain. transformation and can proceed to help financial development within the SME sector”.
BDB focuses on financing and growing SMEs within the Kingdom, and this service comes on the again of final yr’s SME growth, which noticed Bahrain’s enterprise registration numbers rise and a brand new wave of regional entrepreneurs emerge from the pandemic COVID-19.
