Integration of NBB and BisB to improve group employee benefits

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Press Release.

Manama, Bahrain – 24 May 2021: The National Bank of Bahrain (NBB), announced that the integration of Bahrain Islamic Bank into the NBB Group has brought improved benefits to all employees under the Group umbrella, including comprehensive medical and life insurance benefits. 

As a result of the two banks’ integration, improved accessibility of the industry’s leading benefits was extended to all employees within the Group. Employees now receive unified benefits applicable to all across both organisations. The additional benefits introduced are in line with best market practices, and ensure that the NBB Group provides a sustainable and healthy standard of medical and life insurance coverage to all its employees.

In addition to the measures that were taken to combat COVID-19, the NBB Group enhanced its insurance policy to include isolation coverage in the list of available benefits. Furthermore, the Group improved current limits for existing benefits, such as maternity, dental and optical coverage. The improved Medical and Life schemes work to ensure that employee wellbeing, along with that of their families, is taken into account at all times.

Ms. Dana Buheji

Ms. Dana Buheji, Group Chief Human Resources & Sustainability Officer, said: “At NBB Group, the welfare of our employees is our utmost priority, and their wellbeing is a key objective in our vision of becoming one of the Kingdom’s Employers of Choice. We are pleased with the positive results of the ongoing integration, as it leads to additional benefits for our employees, including enhanced Medical and Life Insurance policies offered to all our staff and their families. By consolidating our Group services and sharing our joint resources across the organisation, our continuous efforts have enabled us to achieve internal economies of scale.”

Mr. Samy Aziz

Mr. Samy Aziz, Executive Director & Managing Partner at Protection Insurance Services, added: “Our objective at the Protection Insurance Services (PIS) was to provide the most innovative employee benefits packages to the NBB Group as a whole, which we proudly achieved on a large scale, offering unified and comprehensive medical & life insurance coverage with no segregation, meaning all NBB Group staff members and their families can enjoy the same benefit levels.” 

“We are pleased to express our sincere appreciation to the professional insurance providers in Bahrain for their help to achieve our goals, in particular the life insurance provider Bahrain National Life (BNL) and the medical insurance provider Takaful International Co (TIC). We are pleased to collaborate with one of the most reputed Banking Groups in the Kingdom, as we work towards elevating standard market practice to the highest levels,” he added.

Mrs. Enas Asiri

Mrs. Enas Asiri, General Manager, Bahrain National Life Assurance (BNL) also commented: “We are proud to be a part of this transitional period for NBB Group; and for being considered for this strategic partnership, offering our Life Insurance services which were tailored specifically to cater to the Group’s outlook.”

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“We are committed to excellence in quality, reliability and service, and we look forward to continue offering our distinctive products and services to the Group’s employees” she added. 

Ms. Reema Nowrooz

On her part, Ms. Reema Nowrooz, Chief Underwriting Officer, Family and Healthcare at Takaful International Company, expressed her happiness at providing the health insurance services programme for the banks’ employees and their families. “The programme is designed to be one of the best insurance solutions offered within the Kingdom, and we are grateful for the opportunity to present our pioneering insurance programme to the employees of the National Bank of Bahrain and Bahrain Islamic Bank,” she added.

Through the integration, the NBB Group aims to provide its employees with improved benefits as it achieves its goal of continued employee wellbeing by prioritising their health and safety at all times.

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