Bahrain Development Bank (BDB), the leading bank supporting small and medium-sized enterprises (SMEs) in the kingdom, has introduced its new Invoice Discounting Scheme.
The solution enables suppliers to receive payments instantly, eliminating the need to wait through extended payment cycles.
The invoice discounting process involves five simple steps, beginning with the buyer registering within the invoice discounting system. Once the supplier delivers the goods or services, an invoice is issued to the buyer, who then uploads it to BDB’s tijara digital banking platform. Upon the buyer’s approval, the invoice is reviewed, and payment is released directly to the supplier.
This innovative financing tool improves immediate cash flow for suppliers while providing buyers with longer and more flexible settlement periods. In doing so, it enhances liquidity and helps strengthen the stability of trade activity within the local market.
The solution reaffirms BDB’s commitment to delivering financial solutions that cater to the evolving needs of entrepreneurs as well as suppliers. The bank continues to play a vital role in supporting the national economy, enabling more businesses to grow and scale with confidence and efficiency.