Eskan Bank, NBB in deal for new housing finance

TDT | Manama           

The Daily Tribune – www.newsofbahrain.com

Eskan Bank has signed an agreement with the National Bank of Bahrain (NBB) to finance eligible citizens for the new Housing Financing schemes. The signing ceremony took place at Eskan Bank in the presence of Dr Khalid Abdulla, the General Manager of Eskan Bank and Subah Abdullatif Al Zayani, Chief Executive- Retail Banking at NBB, alongside executives from both entities.

The agreement will include financing options for citizens who would like to benefit from the new housing financing schemes, which include, “Tas’heel” which features three financing options – ‘Tas’heel Aqari’, ‘Tas’heel Al Bait Al Oud’, and ‘Tas’heel Ta’awon’, as well as the new category of “Mazaya” along with the previous version one.

Dr Khalid Abdulla, General Manager of Eskan Bank, said: “Through our collaboration with the various private sector and financial institutions in the Kingdom, we are able to provide a variety of housing options to fit the needs of different segments of our beneficiaries.”

Subah Abdullatif Al Zayani, Chief Executive Retail Banking at NBB, said: “Both Tas’heel and Mazaya finances are key contributors to our sustainable financing portfolio, and in-line with our ESG commitments.

Our team are well prepared to extend financial advisory services to prospective clients who will make use of the recently launched schemes.”