Joining a group of banks participating in the joint collateral financing initiative to support housing programs and promote homeownership for Bahrainis

BBK, a leader in retail and corporate banking in the Kingdom of Bahrain, has announced Joint Collateral Financing Program in collaboration with Eskan Bank, marking a significant step in supporting Bahraini citizens to achieve their homeownership goals.

The program enables customers to combine financing from BBK and Ministry of Housing and Urban Planning through Eskan Bank under a single property deed, thereby facilitating access to social housing financing programs.

Through the Joint Collateral Financing Program, customers can benefit from joint applications with financing of up to 100% of the property’s value. The program is open to both existing and new Eskan Bank customers and is designed to accommodate salaried and self-employed individuals alike. With a finance tenor of up to 30 years and attractive profit rates, the program provides a convenient, accessible, and customer-oriented financing solution.

On this occasion, Mr. Ahmed Taqi, General Manager of Retail Banking at BBK, stated: “We take great pride in our ongoing collaboration with Eskan Bank, which reflects our continued commitment to expanding real estate financing solutions and enhancing partnerships with institutions that play a vital role in supporting the housing sector. This cooperation supports the Kingdom’s sustainable development objectives, reflecting our belief that homeownership is a cornerstone of family stability and social prosperity, and reinforcing our dedication to providing innovative and accessible financing solutions that empower citizens to achieve their dream of owning a home with ease and confidence.”

Mr. Taqi further added: “The launch of this joint program reaffirms our obligation to delivering comprehensive financial solutions that meet citizens’ needs and aspirations. We continuously work to design modern banking products founded on effective partnerships and responsible financing, ensuring a balance between service quality and sustainability, while empowering individuals to fulfil their housing ambitions within a secure and trusted financial environment.”

Commenting on the collaboration, Mr. Ebrahim Jasim, Assistant General Manager of Commercial and Institutional Banking at Eskan Bank said: “Our Collaboration with BBK is an extension of Eskan Bank’s ongoing efforts to expand housing financing solutions to citizens and improve their opportunities to own suitable homes that meet their aspirations. We believe this joint program represents a qualitative step toward providing more flexible and sustainable financing solutions that respond to the needs of Bahraini families and support our vision of ensuring decent housing for all. In doing so, it contributes to advancing comprehensive development in line with the Kingdom’s Economic Vision 2030.”