NBB signs deal with YK Real Estate for Bahrain residential tower
MANAMA, 17 hours, 38 minutes ago National Bank of Bahrain (NBB) has signed an agreement with YK Real Estate Investments & Developments Company, a division of Almoayyed Contracting Group, to offer mortgage financing on its key residential development, Garnet, located in the kingdom s Reef Island. Launched earlier this month, The ‘Garnet’ is a high-end building constructed by Almoayyed Contracting Group that features 64 luxury apartments with a mix of fully-furnished studios, one- and two-bedroom apartments overlooking the sea, and fully equipped with various amenities for its residents. Reef Island is located minutes away from the Bahrain Financial Harbour and is situated in the heart of Manama. The Island is open to both residents and guests, offering easy access to a range of luxury living, retail and restaurant experiences.
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NBB releases first Annual Financial and Sustainability Report 2020
MANAMA, 3 days ago The National Bank of Bahrain (NBB) has released its first Annual Financial and Sustainability Report for the year 2020, embedding sustainability at the core of its business and considering fundamental reporting principles including accuracy, completeness, and balance. NBB’s sustainability framework contains seven pillars: economic growth, responsible banking; serving customers; nurturing the workforce; community investment; preserving natural resources; and governance and ethical behaviour. The bank focused on strengthening every department to maintain business sustainability and are well-positioned as a market benchmark in terms of compliance with regulations, corporate governance and risk management, by placing a foundation for the involved committees to further drive its future ESG plans, such as establishing several sub-committees which provide effective support to the ful