Bahrain Development Bank (BDB) has launched its invoice discounting scheme, to support small and medium sized companies (SMEs) to bridge the liquidity gap. Within this scheme, BDB will act as an intermediary between buyers and suppliers.
The BDB invoice discounting scheme will ensure that suppliers receive instant payments for their goods delivered/services provided, thereby eliminating the prolonged waiting periods till the buyer pays.
This strategic development shows the BDB commitment towards SME and will not only help them with the necessary working capital but will strengthen the whole economy of Bahrain as SMEs are the backbone of it.
At the same time, the BDB initiative is expected to inspire other financial institutions to introduce similar products, and in this way to support the financial infrastructure available to SMEs in Bahrain.
