Manama: BBK, a leader in retail and corporate banking in the Kingdom of Bahrain, has announced the Joint Collateral Financing Programme in collaboration with Eskan Bank, marking a significant step in supporting Bahraini citizens to achieve their homeownership goals.
According to Bahrain News Agency, the programme enables customers to combine financing from BBK and the Ministry of Housing and Urban Planning through Eskan Bank under a single property deed, thereby facilitating access to social housing financing programmes.
Through the Joint Collateral Financing Programme, customers can benefit from joint applications with financing of up to 100% of the property's value. The programme 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 programme provides a convenient, accessible, and customer-oriented financing solution.
Ahmed Taqi, General Manager of Retail Banking at BBK, emphasised the bank's pride in its ongoing collaboration with Eskan Bank. He highlighted that the partnership reflects BBK's commitment to expanding real estate financing and supporting institutions vital to the housing sector. The cooperation aligns with the Kingdom's sustainable development goals, recognising homeownership as a foundation for family stability and social prosperity, and reinforces BBK's dedication to providing innovative, accessible financing that enables citizens to achieve homeownership with ease and confidence.
Taqi added that the launch of the joint programme underscores BBK's commitment to providing comprehensive financial solutions that meet citizens' needs and aspirations. He noted that 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.
He described the joint programme 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.