JEDDAH — Saudi Hollandi Bank, the Kingdom's longest-established provider of financial services and products, has launched Ready Cash, a first-of-its-kind Shariah-compliant product in the kingdom that will give the bank's customers flexible repayment options and usage. Ready Cash complements Saudi Hollandi Bank ‘s current portfolio of financing solutions and underlines the Bank's aim of providing customers with banking services that are easy to understand and offer value-added benefits. It provides a simple means to gain access to funding based on each customer's needs and empower customers to manage their finances with full flexibility.
Commenting on the launch, Bernd van Linder, Managing Director of Saudi Hollandi Bank, said “this product has been designed to empower customers and provides a level of versatility to help meet their needs. We are committed to providing as wide a range of flexible financing solutions to exceed expectations of our clients.”
Bander Al-Samman, Head of Retail Assets at Saudi Hollandi Bank, said “Ready Cash will appeal to a wide range of customers, including employees from both the government and semi-government sectors who need fast and flexible access to financing solutions. Ready Cash enables customers not only to obtain a fast access to financing but also provides a full flexibility to select a repayment option that suits their financial circumstances and all with no early repayment charges. Applications can be made online through the SHB website, call center or by visiting one of SHB nearby branch.”
Saudi Hollandi Bank has led the way in developing a wide range of Sharia-compliant personal retail products, including mortgages, as well as products for small and medium-sized businesses and large corporate financing. The bank has gained market recognition for its growth in these areas and this year won the award for the Best Islamic Bank in Saudi Arabia from World Finance magazine. — SG
