BBK, a leader in retail and corporate banking in Bahrain, has announced the 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 consolidate financing from BBK and the Ministry of Housing and Urban Planning, through Eskan Bank, under a single property deed. This integrated approach simplifies access to social housing financing programs, making homeownership more attainable for Bahraini citizens.
BBK-Eskan Bank Program: A Comprehensive Homeownership Solution
Through the Joint Collateral Financing Program, customers can submit joint applications and secure financing of up to 100 percent of the property’s value, offering enhanced accessibility to homeownership opportunities.
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 tenor of up to 30 years and attractive profit rates, the program provides a convenient, accessible, and customer-oriented financing solution.
Ahmed Taqi General Manager – Retail Banking BBK
“The partnership reflects BBK’s commitment to expanding real estate financing and supporting institutions vital to the housing sector. The launch of the joint program underscores BBK’s commitment to providing comprehensive financial solutions that meet citizens’ needs and aspirations. The bank continually develops modern banking products based on strong partnerships and responsible financing, ensuring a balance between service quality and sustainability, while enabling individuals to achieve their housing goals within a secure and trusted financial framework.”
Ebrahim Jasim, Assistant General Manager of Commercial and Institutional Banking at Eskan Bank, stated that the collaboration with BBK is part of Eskan Bank’s ongoing efforts to expand housing finance and enhance citizens’ opportunities to own homes that meet their aspirations.
Jasim described the joint program as a significant step towards offering more flexible and sustainable financing solutions tailored to the needs of Bahraini families, supporting the bank’s vision of ensuring adequate housing for all, and contributing to comprehensive development in line with the Kingdom’s Economic Vision 2030.
