NBB IS THE FIRST IN BAHRAIN TO SUPPORT BUSINESS CLIENTS WITH BULK CASH DEPOSIT MACHINES
The Bank enhances its value proposition for Business clients with the launch of Cash Deposit Machines with multiple value-added features
Manama: August 27, 2019 – National Bank of Bahrain (NBB) today announced the continued enhancement of its service and value proposition for its Business Clients with the launch of new, state-of-the-art, high-speed large Cash Deposit Machines (CDM) in Bahrain. This comes in line with the Bank’s vision towards expanding its Transaction Banking offering by digitalising its clients’ cash management and improving their accessibility to other bank services
Corporate clients are deploying NBB CDM’s in their head offices and retail outlets. Accessed by biometric scan, clients can deposit cash up to 20,000 notes at a time. Cash is instantly credited to the clients account with no need to visit NBB branches. Cash is collected from the clients premises by Secure Services.
The machines have been successfully deployed at various Business Clients’ premises, who have provided very positive feedback. Retail customers can also deposit large amounts of cash taking advantage of this 24/7 easy deposit functionality by using their NBB debit cards.
Commenting Head of SME & Commercial at NBB Mr. Arif Janahi, said, “In line with the Kingdom of Bahrain vision and NBB’s focus on supporting the development of its SMEs, we’re delighted to roll out further digital service innovations that enable our valued clients to better manage their banking and cash transactions. We’re investing significantly in ensuring NBB’s platforms and services are world-class and that our clients are gaining maximum value through their partnership with NBB.”
Mr. Ali Abdulkarim, Head of Coverage, Corporate & Institutional Investment Banking, added, “Better catering to the needs of our large corporate clients is a priority for NBB and providing them with easier access to our services through onsite CDMs or deposit points in closer proximity to their businesses is another added benefit. We will be rolling out additional machines that help us in our mission to get closer to those we serve and to enhance their banking experience and our value proposition.”