BBK joins hands with Innovation Summit and Conference in Social Housing Sector

TDT | Manama

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Bank of Bahrain and Kuwait (BBK), a leading retail and commercial bank in Bahrain, announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Housing and Urban Planning, formalizing its participation as a Platinum Sponsor in the upcoming Innovation Summit in the Social Housing sector.

Held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, the summit is taking place at Exhibition World Bahrain under the theme “Towards Innovative and Sustainable Housing Solutions.” The event serves as a strategic platform for engaging stakeholders in the exploration of forward-thinking, sustainable approaches to social housing development in the Kingdom.

BBK’s participation in this national platform underscores the Bank’s longstanding collaboration with the Ministry and reflects its commitment to playing an active role in initiatives that bring together banking institutions, real estate developers, and individuals seeking housing solutions. During the summit, BBK aims to showcase its tailored suite of mortgage financing products and services tailored to meet the diverse needs of aspiring homeowners in Bahrain. BBK will also be providing at the summit on spot approvals for all visitors seeking housing finance solutions from BBK.

BBK will showcase a comprehensive range of housing finance solutions, featuring competitive interest rates, flexible repayment plans, and integrated insurance and related housing benefits. Along with the announcement of the all new Tas’heel+, the Bank will also facilitate access to government-supported financing schemes for Bahrainis such as Mazaya, New Mazaya, Tas’heel and Tas’heel+, all of which can be processed directly through BBK’s streamlined service channels. BBK customers applying for any type of mortgage loan can expect many surprises offers that will be announced at the event.

In addition, BBK will take this opportunity to highlight its strategic alliances with prominent real estate developers and key partners in the real estate industry, which are instrumental in offering customers of all nationalities residing in the GCC an array of distinguished and accessible property ownership options for properties in the Kingdom of Bahrain.

Mr. Yaser Alsharifi, Group Chief Executive Officer of BBK, stated: “BBK is proud to be at the forefront of financial institutions supporting the Kingdom’s national endeavors to advance the housing sector. The Bank recognizes the pivotal role the banking industry plays in driving real estate development by delivering exclusive, accessible mortgage solutions that facilitate access to quality housing. Our participation in this landmark event reaffirms our ongoing commitment to delivering practical, inclusive financing solutions that enable individuals and families to realize their dreams of homeownership.”

Mr. Alsharifi affirmed that BBK views affordable housing as a fundamental right and a cornerstone of social stability and noted that the Bank remains committed to introducing innovative and flexible financing solutions that address the changing needs of Bahraini families. Through its ongoing collaboration with the Ministry of Housing and Urban Planning, BBK seeks to enable broader access to national housing initiatives and contribute meaningfully to the Kingdom’s sustainable development goals and the realization of Bahrain’s Economic Vision 2030.