The National Bank (“TNB”) and the General Union of Palestinian Teachers signed a memorandum of understanding (MoU) that will provide banking facilities to members of the union. The MoU, which was signed by The National Bank’s General Manager Ahmad Hajhasan and union’s Secretary General Saed Zreikat, was also attended by The National Bank's Assistant General Manager for Retail Group Luay Hawash and some union executives.

According to the agreement, TNB will provide various services to union members, including overdraft facilities, as well as exclusive sponsorship of the union’s annual welcoming celebration for new teachers, organized each year in September.

Speaking of the agreement, Hajhasan said that the signing of the MoU is in line with TNB’s strategy of consistently supporting Palestinian teachers and providing them with a complete suite of banking products. He added that he hoped teachers would take full advantages of the bank’s offerings, which were created to be compatible with their varied financial requirements.

Hajhasan praised the union’s efforts in supporting its members, noting that the relationship between the two institutions began with the launch of Qudwati, the first-of-its-kind program directed at teachers in the Palestinian banking market. Qudwati, which has a number of offerings perfectly tailored to educators and their financial needs, was initiated as a sign of its deep respect and appreciation for the significant role played by teachers in Palestine. He also stressed the importance of networking between sectors in order to better serve Palestinian society.

At the signing, union secretary general Zreikat spoke of his gratitude and appreciation for TNB’s sponsorship as well as its targeted banking facilities, which will maximize this sector’s purchasing power. He went on to highlight the importance of TNB’s services for all Palestinian teachers, details of which will be announced shortly.

Zreikat described the union’s ongoing partnership with the banking sector in order to secure the widest-ranging and most beneficial benefits and facilities for its members, and his hopes for the further development of TNB’s Qudwati program.

Earlier this year, TNB signed an agreement with the General Union of Palestinian Teachers that aims to increase the purchasing power of its members, offering discounts on purchases from companies, institutions and various commercial outlets.