Bahrain Development Bank (BDB), the leading bank supporting small and medium-sized enterprises (SMEs) in the Kingdom of Bahrain, announced the launch of its Export/Supply Chain Finance services for SMEs. Offered in partnership with Export Bahrain, this service aims to empower entrepreneurs in the vital SME sector with global business expansion by facilitating international product and service exports.
The partnership agreement establishes a framework for providing competitive interest rate financing to address the capital requirements of Bahraini SMEs seeking to seize international business opportunities and expand their global reach. This cost-effective financing solution bridges the export financing gap for growing businesses by offering them the necessary liquidity to cover operational export costs. The initiative aligns with the 2022-2026 Strategy of the SMEs Development Board.
Commenting on the occasion, Ms. Dalal Al Qais, Group Chief Executive Officer of BDB said, “Supporting the local and international growth of Bahraini companies, particularly SMEs, is pivotal to our mission. We are committed to designing financial solutions and facilities tailored to the specific needs of our clients. This new financing product, developed collaboratively with Export Bahrain, aims to support the global expansion of SME projects and businesses. Through this partnership, we aspire to enable SMEs to access export financing at preferential rates, ultimately improving their production lines and enhancing their competitiveness in international markets.”
Ms. Safa Sharif Abdul Khaliq, Chief Executive Officer of Export Bahrain added, “Export Bahrain is dedicated to developing solutions that address the diverse export challenges faced by the business sector. We are actively strengthening our capabilities through partnerships with various local institutions, ensuring that our services and solutions remain the preferred choice for exporters across all business sectors. We are confident that this strategic alliance with BDB will provide Bahraini SMEs with accessible and affordable financial solutions to support their supply chains and expand their product and service reach by capitalising on global trade opportunities.”
BDB encourages its SME clients, who are interested in leveraging international trade growth opportunities through supply chain financing, to contact Export Bahrain at 17383999 for more information.
