The National Bank (TNB) and the Palestinian Banking Corporation concluded a Banking Partnership Agreement. Pursuant to this Agreement, both parties will cooperate within the field of banking operations.
The agreement was signed by Mr. Ali Pharaon, Chairman of the Management Committee and Authorized Signatory of the Palestinian Banking Corporation, and Mr. Salameh Khalil, TNB’s Chief Executive Officer. The signing ceremony, held at TNB’s headquarters in Ramallah, was attended by the Management Committee of the Palestinian Banking Corporation and TNB’s executive management.
The speech given by Khalil during the signing ceremony stressed upon the importance of partnership among banking establishments in Palestine. He mentioned that such cooperation is necessary for the development of banking products and services offered to Palestinians. He also noted that TNB is keen on establishing strategic relationships with various local, Arab, and international establishments to contribute to achieving sustainable development at the national level. Lastly, he expressed his delight with signing this agreement with the Palestinian Banking Corporation and taking the first step towards a more comprehensive relationship between both parties.
From his side, Pharaon stated that this agreement falls in line with the aim of the Palestinian Banking Corporation to facilitate contractual relationships with the establishment’s customers, namely since it would allow them to pay their monthly installments through TNB, thus reducing time and efforts in this respect. Moreover, such partnership would contribute to a better management of credit risks.
Pharaon also underlined that the Palestinian Banking Corporation is keen on establishing partnerships and relationships with various financial and banking institutions in Palestine as to improve the quality of financing services offered to the target categories in line with the fast-paced advancement of the banking sector.
In fact, the Palestinian Banking Corporation is one of the leading lending and financing companies in Palestine. Its vision and mission aim at achieving excellence in offering digital financing services that meet the needs of target categories, contributing to achieving a positive and sustainable impact through various financing programs. The objective of these programs is to enable target categories to execute their small and micro-project, thus achieving sustainable economic development, and creating job opportunities towards social and economic justice.
