BMI, Eskan seal partnership deal
Manama, October 19, 2011
Bahraini retail bank BMI and Eskan Bank, a leader in housing finance in the Kingdom, have entered into a partnership agreement to offer flexible financial solutions to Bahrainis.
As per the deal, customers of Eskan Bank’s Housing Loan scheme will now have access to a personal loan along with the option of a credit card through BMI Bank.
This partnership comes from a strong commitment by both banks to enable Bahrainis to create a strong foundation from which to build a solid and secure future for themselves and their families.
Eskan Bank is a leading name within the mortgage loan segment while BMI Bank has, through the years, offered a series of innovative financial services, retail products and delivery channels.
Through this partnership, the banks will give Bahrainis the financial flexibility of enjoying the convenient government mortgage housing loan and still be able to take personal loans and avail a portfolio of credit cards offered by BMI Bank.
This step complements the Vision 2030 campaign which aims to build a better life for every Bahraini.
Jamal Al-Hazeem, chief executive officer, BMI Bank said, “Bahrain has been witnessing an escalating demand for social housing which has reached approximately 53,000 households and is growing at 3,000-4,000 units per annum."
"This further accelerates our customers’ ever-growing need for an improved lifestyle and their constant demand for viable solutions to accomplish it," he added.
Welcoming the BMI partnership Eskan general manager and board member Sabah Almoayyed said, “We are delighted to reach this agreement with BMI Bank as it coincides with the efforts to further involve the private sector in the housing and economic development of the country."
"This partnership makes it easier for Bahrainis to get the financial support they need to own their dream house, as well as have access to the special service portfolio both banks offer."
"Now Bahrainis will be able to fulfill their dreams, plans or aspirations with a partnership they can trust," she added.-TradeArabia News Service
More Finance & Capital Market Stories
- IPIC to use $4bn pipeline payment to repay debt
- UAE sees big foreign capital inflow
- Gulf Capital to raise $360m partly for dividend
- Apicorp posts $109m profit in 2012
- Al Baraka summit to discuss financial trends
- Bahrain real GDP grows 3.9pc in 2012
- Deutsche Bank named top FX bank in Mideast
- Doha bourse breaks key 9,000 level
- UAE economic growth hits 4.4pc in 2012
- DFM firms achieve 100pc compliance