Press Releases

<p>Riyad Bank launched a new personal finance campaign for pensioners, as part of its commitment to provide financing solutions that cater to its customers’ needs, as well as meeting the aspirations of The General Organization for Social Insurance and Public Pension Agency pensioners.</p><p>The bank offers a number of benefits and facilities for pensioners wishing to get a personal finance with a repayment period of up to 5 years, through Tawurruq commodities or Murabaha local shares. It also provides free consultations to customers for a better financial planning, in addition to instant initial approval, provided the age of the customer does not exceed 70 years at the last installment date.</p><p>Riyad Bank always strives to create financing solutions to maintain its leading position in the field of finance. Therefore, the year 2016 witnessed many significant accomplishments including the launching of a number of comprehensive solutions for personal finance and mortgage products, the signing of two agreements with two large companies providing special mortgage offers to their employees, as well as Education Finance to assist customers to install their payments of tuitions fees over 12 months whilst at the same time providing timely payment of tuition fees to the Kingdom’s education institutions without any profit margins.</p><p>Regarding Auto Leasing, 25 agreements were signed with the largest car dealerships and car rental service providers, a new highly competitive insurance agreement was signed, processes were redesigned to further enhance the pre and after sales customer experience and the credit policy was also revised to better align with the customers’ needs.</p>