BBK and Naseej sign partnership deal to offer Mortgage Loans to its customers

29 Sep 2024

Bank of Bahrain and Kuwait (BBK), the leading retail and commercial bank in Bahrain, has partnered with Naseej to provide customers with financing to purchase their dream properties and homes.

This initiative underscores BBK’s commitment to supporting property ownership through strategic partnerships with leading real estate developers, reinforcing its role as a key economic partner in the Kingdom and providing essential financing for customers investing in innovative, sustainable residential projects that enhance quality of life and offer superior housing solutions.

“We are pleased to renew our collaboration with Naseej, through which we are committed to providing extensive Retail financing solutions,” commented Mr. Mohammed Zainalabedin, Assistant General Manager – Retail Banking at BBK.

“These offerings include highly competitive interest rates, relaxed down payment requirement, and flexible repayment periods, all designed to facilitate seamless property ownership for our esteemed clients. This initiative further exemplifies our strong collaboration with the Kingdom’s real estate sector and reinforces our strategic alliances with prominent companies, ensuring the provision of optimal real estate financing solutions tailored to meet the needs of our customers.”

Mr. Zainalabedin emphasized that BBK is committed to delivering innovative financing solutions that align with customer needs and ambitions. This approach enhances their real estate experience and affirms the Bank’s role in facilitating home ownership for citizens and encouraged interested customers to explore opportunities within any of Naseej’s projects which exemplify high standards of quality and modern design.

Mr. Mohammed AlShaikh, Chief Investment Officer at Naseej, expressed enthusiasm about the alliance with BBK, emphasizing it as a continuation of their established collaboration with private sector organizations, and stated, “This partnership will offer a variety of financing options and facilities, enabling BBK’s customers to acquire homes and properties within Naseej’s projects all over the Kingdom.”