NBB, GFH in deal for special mortgage loan

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The National Bank of Bahrain announced signing a memorandum of understanding with GFH Properties, the real estate arm of GFH Financial Group (GFH), to offer special rates on the developer’s residential properties across the Kingdom.

The agreement offers up to 90% mortgage financing on selected GFH Properties apartments, as well as interest rates starting from 4.75%, for up to 25 years.

Furthermore, NBB customers can also enjoy faster and more convenient processing times. Subah Al Zayani, Chief Executive - Retail Banking at NBB, said: “We remain committed to our role as a national bank of choice to enhance the community in which we operate by providing easier, more accessible options and services to our customers.”

Salah Sharif, Vice Chairman of GFH Properties, said: “The programme is available for new homes at one of the most desirable destinations in the city including the Harbour Row and Harbour Heights, which are conveniently located in Bahrain Financial Harbour and have world-class amenities that add to the quality of life of the residents.”

“We are confident that this partnership will also go a long way in positively contributing to the future growth of the Real Estate sector in Bahrain,” he stated.