showcase August 2016 28 www.womanthismonth.com Having commenced its operations in 1992, the Bahrain Development Bank (BDB) was created for the purpose of helping the establishment of small and medium-sized enterprises in the Kingdom. Aside from adopting effective integrated programmes to fulfill this aim, the bank also focuses on the expansion and development of existing enterprises. The plan adopted by BDB has enabled it to play a major developmental role through the diversification of its investment activities, turning some much-needed attention to new sectors with added value such as the refining industry, food industry, tourism and health projects. At the core of this plan was also the aim to support troubled projects and put them back on the path to profitability. Since small and medium enterprises form an integral part of the business activity and impact entrepreneurial development in the The bank that started out with a goal-oriented vision has played a primary role in facilitating Bahrain’s economic enrichment. BAHRAIN DEVELOPMENT BANK PAVING THE WAY Kingdom, these mechanisms were designed and implemented in accordance with the BDB’s expertise in this area and were in line with the existing economic, financial and technological conditions at local and global levels. The insight of the bank’s top management resulted in the launch of a number of programmes such as Rowad, which aims to develop Bahraini youth and strengthen their capacity to take up entrepreneurship along with establishing small enterprises. This brainchild of BDB is a comprehensive programme designed to support entrepreneurs in developing their ideas and starting their own businesses. Supporting entrepreneurship will remain a key element in the bank’s development plans, as it will continue to provide a variety of programmes and activities that contribute in attracting existing entrepreneurs as well as encouraging students of secondary schools and universities to consider entrepreneurship as a viable option. Some of the valuable financial services provided by BDB include BDB finance, Islamic financing, education finance, BDB & Tamkeen finance, Letters of Credit and Letters of Guarantee, as well as loans for agriculture and fisheries. Call 17 511-111 or visit www.bdb-bh.com.
RkJQdWJsaXNoZXIy Mjk0MTkxMQ==