Press Release.
The National Bank of Bahrain (NBB) has partnered with Bahrain National Insurance (bni) to offer customers exclusive rates on motor and electric vehicle insurance as part of the Bank’s auto loan product exclusive offers.
The ceremony was held at the bank’s headquarters on the 28th of March, in the attendance of Subah Abdullatif AlZayani, Chief Executive – Retail Banking at NBB, Eman Mojali, CEO of bni, as well as Ahmed Al Maskati, Head of Retail Products at NBB, and Mohammed Salman, Chief Officer of Motor & Personal Lines at bni.
In line with NBB’s commitment to provide customers with the best financial solutions in the market, the offering will entail exclusive insurance premium rates for clients opting for NBB’s auto finance product, with exclusively discounted premium rates on electric and motor vehicles. In addition to a seamless processing procedure on their insurance applications. In addition, customers will also be able to avail NBB’s auto financing solution without transferring their salaries with zero down payments, as well as special rates offered with zero processing fees for customers who are looking to purchase hybrid/electric cars.
Customers applying for auto financing will also enjoy comprehensive insurance coverage for up to 5 years on agency repairs and added benefits such as battery replacement and recharging for electric cars, as well as pick up and drop off for routine maintenance and annual inspection.
Commenting on the occasion, Subah Abdullatif AlZayani, Chief Executive – Retail Banking, said: “As part of our responsibility to deliver the best value for our clients. We are delighted to expand our partnership with Bahrain National Insurance, where our customer will get preferential premium rates and services on vehicles insurance. In addition, we will always continue to expand our network of partners to ensure offering the best product and services.
Eman Mojali, CEO of bni, said: “We are proud of this strategic partnership with NBB, the Kingdom’s leading financial institution, where we will be offering NBB’s customers an opportunity to benefit from a simplified process of a one-stop shop, with exclusive rates for their various insurance requirements. Through sustainable products and services, such as electric vehicle Insurance, we aim to encourage sustainable practices which will drive forward the Kingdom’s Economic Vision 2030 and sustainability goals.”
NBB continues to roll out eco-friendly initiatives to further incentivize new and existing customers to practice sustainability within their everyday lives. The Bank is committed towards integrating ESG methodologies into its business endeavours in line with its ongoing sustainability objectives and in support of the Kingdom’s Vision 2030.