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Cooperation agreement between Eskan and Ithmaar banks in Bahrain

Bahrain - January 13, 2015
Eskan Bank

Bahraini Eskan Bank has signed a cooperation agreement with Ithmaar Bank which enables the latter bank to financially support individuals aiming to buy apartments in “Danat El Madina” housing project. The agreement includes financing Social Funding Program benefactors.

Khaled Abdullah, the chairman of Eskan Bank, has said after the signing that the agreement with Ithmaar Bank goes in line with the government strategy in cooperating with financing entities and private sector to offer the easiest financing programs to the Bahraini citizen.

Abdullah assured also that the bank seeks to offer a variety of choices satisfying different levels of Bahraini citizens’ housing needs.

He said also that the recent agreement enables a new level of Bahraini to benefit from the Social Funding Program. It’s worth mentioning that this agreement is the second of its kind after Eskan Bank’s first agreement with Al Baraka Islamic Bank.

Ithmaar Bank became one of the Social Funding Program certified banks last July. The Social Housing Funding Program was launched by Eskaan Bank to stand as one of the affordable housing finance solutions made to satisfy the rising housing needs in Bahrain.

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