BBK and Kanoo Real Estate partner to provide flexible Mortgage Finance options

11 Dec 2025

BBK, a leader in retail and corporate banking in the Kingdom of Bahrain, has signed a strategic partnership agreement with Kanoo Real Estate, a division of the Yusuf bin Ahmed Kanoo Group, to expand the range of mortgage solutions available to its clients. The agreement was formalized on the sidelines of Cityscape Bahrain 2025, held from November 25 to 29 at Exhibition World Bahrain.

Through this collaboration, BBK customers will benefit from flexible and competitive mortgage finance options for properties and projects developed by Kanoo Real Estate. The mortgage finance program includes several key advantages such as competitive interest rates, convenient repayment plans, and fast approval processes, all tailored to support citizens and residents in owning property in prime locations, in line with BBK’s ongoing commitment to promoting housing stability and financial inclusion.

As part of the partnership, BBK and Kanoo Real Estate have also collaborated on the launch of two new ATMs at the newly opened Sitra Service Station. One of the ATMs will operate as a smart machine, designed to provide a full range of modern banking services, including cash and cheque deposits, instant customer data updates using CPR, cardless withdrawals via ID or mobile phone, cheque book requests, Al Hayrat top-ups, as well as bill payments for BBK and CrediMax credit cards and telecommunications companies such as Batelco and Zain. The second ATM will feature a convenient drive-through service, providing customers with quick and secure access to essential banking services around the clock.

Mr. Ahmed Taqi, General Manager of Retail Banking at BBK, said: “We are proud to partner with Kanoo Real Estate, one of the Kingdom’s most prominent real estate developers. This collaboration aligns with our strategic vision to provide innovative and comprehensive financing solutions that support our customers’ housing aspirations and facilitate property ownership in prime locations. Our goal is to offer mortgage options that combine competitive terms with efficiency and convenience, reflecting BBK’s continued dedication to enhancing customers’ wellbeing and contributing to Bahrain’s urban development.”

Mr. Talal Fawzi Kanoo, Chairman of Kanoo Real Estate commented, “We are delighted to partner with a leading financial institution like BBK in this significant step that reflects our shared commitment to supporting Bahrain’s real estate sector and expanding opportunities for home and land ownership. This partnership also aims to deliver accessible and innovative mortgage solutions for investors and individuals interested in our real estate developments. Additionally, our collaboration in launching BBK’s new ATMs at Sitra Service Station will enhance customer convenience and elevate the overall banking experience.”