Barwa Bank unveils financial packages for local companies

Barwa Bank has launched ‘Qotof’, a suite of financial packages aimed at assisting local companies, especially small and medium enterprises (SMEs) achieve their business objectives.

The bank has thus bundled the array of products earlier sold separately to ensure cost efficiency for the corporate bodies. It comes in three flexible packages – platinum, gold and value. “Businesses that subscribe for these packages could save up to 40%,” Samy Adel Khereldin, Head of Business Banking, Barwa Bank, said.

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Highlighting that the SMEs as the engine of future economic growth and that provides tremendous opportunities for financial institutions, he said Qotof packages are just one of the many ways of helping the sector. “We intend to continue to build on our product offering for SMEs in order to play a pivotal role in enabling the local economy to reach its full potential across all sectors,” he said.

Barwa Bank was among the first Shariah-compliant banks to join Qatar Development Bank’s Al Dhameen for start-ups, an indirect lending facility to guarantee commercial bank loans to the private sector.

source: Gulf Times