September 2016 www.womanthismonth.com 38 Management and staff at the launch Haseen Cannon & Parry Peter, Abdulla & Naveen Kareem Jawad, Mohammed Al Musawi, Ali Al Aali & Abbas Nithyanandan & Charlie Ali & Shubbar Sreedhar JAC SUV Launch Jawad Business Group launched the new JAC SUV at the Jac Motors showroom in Segaya. showcase As much as large scale businesses are important to a country’s economic growth, so are small and medium enterprises and local, native industries. Bahrain Development Bank (BDB) is a stepping stone to success for small and medium enterprises (SMEs), self-employed professionals, agriculture, fisheries, education, specific employment-oriented enterprises promoted by Bahraini youth, women and other essential segments of society. By supporting such ventures the bank aims to add value to the economy of the Kingdom. The government has entrusted the bank with the crucial task of promoting investments in Bahrain, with the aim of diversifying the economic base, creating new employment opportunities for Bahrainis and contributing significantly to the overall socio-economic development of the Kingdom. BDB offers a wide range of distinctive financial and advisory services specifically designed to meet the special needs of SMEs. It provides education funding by way of Islamic finance with a flat profit rate of four per cent per annum with a comfortable repayment and grace period. BDB also offers Sharia-compliant Islamic financing with a flat profit rate of 5.5 per cent per annum. Conventional financing is also available at 9.5 per cent per annum with a reducing interest rate. BDB and Tamkeen Finance are available to fund a specific asset, such as plant or machinery, or as working capital loans with a comfortable repayment and grace period. Agricultural and fisheries loans are offered by BDB with zero per cent interest rate. Letters of Guarantee and Letters of Credit can also be provided. Call 17 511-111 or visit www. bdb-bh.com. Since its inception more than a quarter of a century ago, this bank has been helping Bahrain’s economy to augment and diversify. BAHRAIN DEVELOPMENT BANK PROMOTING ECONOMIC GROWTH
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