Based on PRESS RELEASE: BY SALAM_BAH ON OCT 26, 2023 09:11:01 AM
Al Salam Bank Introduces Innovative MSME Solutions in Partnership with Leading Service Providers
In a move to provide innovative and client-centric financial solutions while upholding Environmental, Social, and Governance (ESG) goals, Al Salam Bank has announced strategic partnerships with leading service providers to offer a range of Micro, Small, and Medium-sized Enterprise (MSME) solutions. These solutions aim to set a new standard for accessible and convenient banking services, featuring exclusive offers at competitive rates.
Key Features of the MSME Solutions:
- Comprehensive Offerings: The MSME solutions include paperless and automated banking services accessible through the bank’s branches, providing business owners with convenient digital services from various partners.
- Strategic Partnerships: Al Salam Bank has partnered with renowned service providers such as Odoo, STC, Arab Financial Services Company (AFS), Solidarity, Ottu, and Grant Thornton to offer a diverse range of services tailored to the needs of MSMEs.
- Launch Ceremony: The bank hosted a special launch ceremony attended by executive management, partnering organizations, official delegates, and members of the media. The event coincided with the opening ceremony of the World Small and Medium Enterprises Day held in Bahrain.
Quotes from Partner Organizations:
Representatives from partner organizations expressed their enthusiasm for the collaboration:
- Arab Financial Services (AFS) highlighted their digital payments solutions tailored to Bahrain’s merchant community, emphasizing convenience and security.
- Solidarity Bahrain emphasized their commitment to providing effective risk management solutions and their excitement to partner with Al Salam Bank to offer comprehensive insurance products and services.
- stc Bahrain underscored their dedication to supporting startups and SMEs in Bahrain by offering innovative business solutions to drive digital presence and business growth.
- Odoo, represented by Klystron Global, expressed their pleasure in collaborating with Al Salam Bank to offer the Odoo Accounting module to SME clients, leveraging Al Salam Bank’s reputation as a leading force in digital empowerment.
- Grant Thornton Bahrain highlighted their commitment to serving clients better through the partnership with Al Salam Bank, aiming to go beyond business as usual.
- Ottu emphasized the strategic partnership’s role in equipping medium to large enterprises in Bahrain with essential resources to prosper in a digital landscape.
Support from Industry and Government Representatives:
Industry and government representatives commended Al Salam Bank’s initiative to support the growth of MSMEs in Bahrain. Dr. Abdulhasan Al-Dairi, Chairman of Bahrain SMEs Society and UNISMO, praised the comprehensive range of services and products offered by Al Salam Bank, expecting significant contributions to enhancing growth opportunities for SMEs in Bahrain.
Commitment to ESG Goals and Sustainability:
Al Salam Bank’s commitment to paperless banking reflects its technological prowess and environmental consciousness. By eliminating paper-based transactions, the bank aims to reduce its environmental footprint while enhancing operational efficiency and providing a sustainable banking experience for clients.
Conclusion:
Al Salam Bank’s introduction of innovative MSME solutions in collaboration with leading service providers underscores its commitment to supporting Bahrain’s MSME sector and broader ESG goals. Through strategic partnerships and a forward-thinking approach, the bank aims to be a catalyst for growth and prosperity in the MSME sector while contributing to environmental sustainability. For more information, interested parties can visit the bank’s website, contact via WhatsApp, or book an appointment with Al Salam Bank’s virtual branch.
