BBK, Bahrain’s pioneer in retail and commercial banking, announced today that it has signed a Memorandum of Understanding (MOU) with GFH Properties, commencing a strategic partnership agreement, through which BBK will provide mortgage financing to the customers of the Harbour Row project.
One of the region’s most ambitious and visionary real estate investors, GFH Properties newest project, The Harbour Row is set to directly face the firm’s previously developed and internationally renowned Bahrain Financial Harbour. Under the terms of the agreement, customers of the Harbour Row project who require funding in the form of mortgage loans will be advised to consider BBK as the end user funding partner.
Announcing the strategic partnership, Mr. Mohammed Malik, BBK’s Deputy Chief Executive, said: “Our aim is to provide our customers with the best of services and with that, we are delighted to enter into this strategic partnership with GFH Properties, a leading property developer in Bahrain which has been in the business of developing visionary residential solutions which our customers can benefit from. In return, customers from all nationalities residing in the GCC who wish to own a property in the Harbour Row project will enjoy excellent repayment structures at competitive interest rates and loan terms from BBK.
Mr. Haitham Fekry, GFH Properties Managing Director, said: “We are pleased to initiate this partnership with a reputable bank such as BBK which is a step towards a new age of convenience for our customers. Our main goal is to provide the best residential solutions at affordable prices for those who wish to own a property in the Harbour Row project.
Customers who are interested to own a residential property in the Harbour Row project are welcome to apply for a mortgage loan with BBK.