Manama: Eskan Bank has signed agreements with seven local commercial banks to provide housing finance services under the Tas'heel+ programme. The agreements were finalized during the Innovation Summit in the Social Housing Sector, held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, with a focus on "Towards Innovative and Sustainable Housing Solutions."
According to Bahrain News Agency, the collaboration includes Eskan Bank and partner banks such as National Bank of Bahrain (NBB), Bahrain Islamic Bank (BisB), Bank of Bahrain and Kuwait (BBK), Ahli United Bank, Al Baraka Islamic Bank, Al Salam Bank, and Khaleeji Bank. This initiative aligns with the Ministry of Housing and Urban Planning and Eskan Bank's strategy to expand housing finance options for citizens.
The Tas'heel+ programme, recently launched, offers new features for citizens seeking immediate housing finance, with a maximum financing amount of BD 91,000. Eligible citizens with monthly incomes ranging from BD 600 to BD 1,200 will have their financing amount determined based on their income at the time of application.
Abdulla Taleb, General Manager of Eskan Bank, highlighted that these agreements demonstrate ongoing public-private partnerships aimed at providing flexible housing solutions in line with government priorities. He praised the cooperation of the participating banks and their dedication to supporting Bahrain's housing sector and enhancing citizen welfare.
Taleb described the collaboration as a model of government-financial sector cooperation to support national objectives and facilitate citizens' access to housing services. He reiterated Eskan Bank's commitment to developing sustainable and innovative housing solutions that promote family stability and meet citizens' aspirations.
He further noted that the agreements would empower participating banks to play a greater role in addressing citizens' housing needs, emphasizing their commitment to supporting national housing programmes as part of their social responsibility. This initiative seeks to provide flexible homeownership options and support the goals of Bahrain Economic Vision 2030 and the national housing strategy.
Taleb stressed Eskan Bank's ongoing efforts to strengthen cooperation with local banks to advance housing development and support citizens in achieving financial goals and homeownership. He emphasized that housing stability is fundamental to building prosperous communities and that advancing the housing sector is a shared responsibility between the housing and banking sectors.