Bank of Bahrain and Kuwait (BBK) launched a new financing solution to simplify bill management for its corporate customers.
The initiative allows companies to settle Electricity and Water Authority (EWA) bills and value added tax (VAT) payments conveniently through BBK.
Under the service, BBK extends short-term loans to cover the bills on behalf of its clients.
To use the solution, corporate customers apply for the facility and, upon approval, simply need to provide their EWA invoice or VAT invoice and instructions to their relationship manager. BBK then handles the payment efficiently, ensuring a swift and hassle-free process.
The service caters to both small and medium-sized enterprises (SMEs) and BBK’s broader corporate clientele. Its primary aim is to alleviate financial pressures on these businesses, guaranteeing uninterrupted operations. By facilitating timely VAT and utility payment collection, BBK seeks to empower companies to manage their financial resources effectively and advance their goals.
“This service launch underscores our commitment to providing comprehensive support and facilities to our valued customers,” said BBK corporate banking general manager Nadeem Al Kooheji.
“We offer easy-to-access credit products with numerous benefits. This initiative exemplifies BBK’s capabilities and underlines its role in delivering additional value to enhance the operations of companies and institutions in Bahrain. We strive to facilitate their growth by presenting high-quality offerings that cater directly to their financial requirements.”
“This offers advantages for both companies and government entities,” Mr Al Kooheji added. “Companies can reduce financial strain associated with bill payments, while relevant government bodies like the National Bureau of Revenue (NBR) benefit from ensured timely payments. We believe this proactive service aligns with the changing demands of modern business.”
&uuid=(email))