Bahrain Development Bank Launches Digital Banking Arm ‘tijara’

State-of-the-art e-Banking platform offers efficient, smart and convenient banking solutions to empower Bahrain’s SME and start-up sector

Manama, Bahrain, 5 January 2023: Bahrain Development Bank (BDB) has announced the launch of its digital arm, ‘tijara’, a state-of-the-art e-Banking platform designed to empower the SME and start-up segments in the Kingdom of Bahrain through a simplified digital banking offering, and easier access to financing solutions to fuel their growth.

The launch of ‘tijara’ is in line with BDB’s digital transformation ambitions, and further supports the government’s efforts to stimulate the entrepreneurial ecosystem and propel economic growth in the SME sector through flexible, innovative and accessible financial services and hassle-free financing.

Powered by advanced technologies, the ‘tijara’ platform offers smaller businesses efficient, smart and convenient banking solutions to simplify their business transactions and facilitate fast and hassle-free access to express digital loans, through unique products such as ‘tijara Express’.

Commenting on the launch of ‘tijara’, Ms. Dalal Al Qais, Chief Executive Officer of Bahrain Development Bank, said: “BDB continues to invest in its digital transformation journey, motivated by our desire to develop simple and efficient banking solutions that meet the needs of a modern and fast-paced SME sector for convenience in managing business transactions, and faster access to funding to expand their business”.

“The SME sector is a vital economic artery and a priority focus for the government in realising the Kingdom’s national economic mandates. BDB is committed to enabling the growth and expansion of small and medium-sized businesses, and creating impact in the private sector through innovative, flexible and accessible banking solutions such as ‘tijara’”, further commented Al Qais.

The ‘tijara’ platform is underpinned by the principles of service convenience, efficient processing and swift turn-around, which combine to deliver a seamless banking experience for SMEs. Customers can avail from a suite of benefits including ease of managing their business transactions and loan applications online; efficient processing of payments and salary transfers; and fast access to funds needed to cover operational and business expenses.

Some of the main services customers can conduct via ‘tijara’ include viewing their account and transaction details, downloading their statements, transferring funds both locally and to international bank accounts, adding or modifying beneficiaries and generating account reports.

“Embedded with smart technology and multiple layers of advanced security features, ‘tijara’ offers a highly secure banking platform that is easy to navigate and prioritises a simple, smooth and hassle-free user experience. Our aim was to deliver a banking solution that brings SMEs and start-ups one step closer to achieving their business ambitions”, concluded Al Qais.

To learn more about ‘tijara’ or to register for this service, please visit our website www.bdb-bh.com