showcase December 2016 31 www.womanthismonth.com Supporting entrepreneurs to fulfill their business dreams is part of this bank’s role in Bahrain’s march towards progress. BAHRAIN DEVELOPMENT BANK TO A BRIGHTER FUTURE Bahrain Development Bank (BDB) has been entrusted with the task of extending assistance to small and medium enterprises, self-employed professionals, agriculture, fisheries, taxi finance, education and specific employment-oriented enterprises promoted by Bahraini youth and women. It is a developmentfocused bank and, unlike other conventional commercial institutions, it undertakes exposure in high-risk financial segments. BDB also supports entrepreneurial segments considered necessary for adding value to the economy of the Kingdom. To encourage local youth to achieve their professional goals, BDB provides monetary aid for education either by way of conventional or Islamic finance. This is offered at a profit rate of four per cent to be used to cover the tuition fees. The minimum facility amount is BD3,000 and the maximum is BD20,000. Deserving enterprises can take advantage of the available conventional loans with 9.5-percent reducing interest rate, or Shari’a compliant financing at an interest rate of 5.5 per cent for a minimum amount of BD3,000 which is to be used to finance a specific asset or towards working capital with a comfortable repayment and grace period. Start-ups can also take advantage of BDB’s Tamkeen Finance for a minimum amount of BD5,000 at a minimum rate of 4.27 per cent, where 50 per cent of the interest is subsidised by Tamkeen. To fuel development in the agriculture and fisheries sectors, the bank offers financial aid at zero-per-cent interest. Letters of Credit, Letters of Guarantee, overdraft facilities and the ICT Finance Scheme are also available from the bank. Call 17 511-111 or visit www. bdb-bh.com. BDB is here to support your business ambition and continued success · Financing new business ideas · Comfortable Repayment · Comfortable Grace Period BDB group brings you several services that not only include Financing but also Advisory, Training and Incubation to help set up and expand your business. Call us on 17511111 or visit any of our branches. www.bdb-bh.com Bahrain Development Bank BDBbahrain BahrainDevelopmentBank Terms and Conditions Apply
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