BBK partners with Pegasus real estate for exclusive Mortgage offerings

04 Nov 2024

Bank of Bahrain and Kuwait (BBK), the leading retail and commercial bank in Bahrain, has signed an exclusive agreement with Pegasus Real Estate, a prominent real estate company in the Kingdom, to provide mortgage loans for customers interested in purchasing residential units offered by Pegasus Real Estate.

By leveraging this agreement, BBK customers can gain access to a comprehensive suite of financial solutions. Customers can enjoy attractive and competitive interest rates on real estate financing, along with flexible down payment schemes to facilitate property acquisition. The partnership also ensures streamlined and expedited loan approval processes. Financing is available to citizens and residents of Bahrain and all nationalities residing in the GCC countries.

“We are pleased to collaborate with Pegasus Real Estate, a recognized leader in the real estate sector, which further solidifies our long-standing collaboration with key real estate institutions. Through this agreement, BBK aims to enhance its real estate financing offerings, catering to the needs and requirements of our valued customers and enabling them to purchase their dream homes,” commented Mr. Ahmed Taqi, General Manager of the Retail Banking at BBK.

Mr. Taqi added: “We are committed to helping our customers reach their financial goals. This dedication fuels our initiatives, offers, and partnerships. We are thrilled to continue providing accessible mortgage solutions, in line with our strategy to support national objectives by promoting homeownership. This demonstrates BBK’s ongoing effort to deliver a diverse range of financial solutions tailored to meet our customers’ aspirations.”

Mr. Aziz Mithaiwala, Managing Director at Pegasus Real Estate, said, “We are proud to join forces with BBK, a leading financial institution in the Kingdom of Bahrain. Being associated with BBK over the past many years, this collaboration further enables us to offer exclusive and unique financing solutions to our esteemed clientele and individuals interested in acquiring properties, which encompasses houses, apartments, villas, and residential plots.”

“This partnership with BBK marks a significant step towards enhancing convenience and accessibility for those seeking property ownership,” he added.

Established in 2005, Pegasus Real Estate has emerged as a leading provider of real estate services in Bahrain, with a vision for regional expansion. The company boasts a substantial property portfolio exceeding $400 million and continues to acquire promising projects. It is noteworthy that Pegasus Real Estate offers a comprehensive range of commercial real estate services.

For more details, customers are encouraged to contact 17207774 or visit any of our branches.