Customers of Eskan Bank’s Housing Loan scheme will now have access to a personal loan along with the option of a credit card through BMI Bank. This partnership comes from a strong commitment by both banks to enable Bahrainis to create a strong foundation from which to build a solid and secure future for themselves and their families.
Eskan Bank is a leading name within the Mortgage loan segment whilst BMI Bank has, through the years, offered a series of innovative financial services, retail products and delivery channels. Through this partnership, the banks will give Bahrainis the financial flexibility of enjoying the convenient government mortgage housing loan and still be able to take personal loans and avail a portfolio of credit cards offered by BMI Bank. This step complements the Vision 2030 campaign which aims to build a better life for every Bahraini.
“Bahrain has been witnessing an escalating demand for social housing which has reached approximately 53,000 households and is growing at 3,000-4,000 units per annum. This further accelerates our customers’ ever-growing need for an improved lifestyle and their constant demand for viable solutions to accomplish it,” Jamal Al-Hazeem, Chief Executive Officer, BMI Bank said.
“I am pleased to announce our partnership with Eskan Bank which enables us to offer truly flexible and unique financial solutions to the customers – from their dream of investing in a house of their own to enabling them further with flexible personal loans and range of credit cards”, Al-Hazeem further added. “Equipped with a strong network of ATM and branches, a state-of-the-art core banking system and a commitment to better serve our customers, BMI Bank has truly transformed the way it has been operating within Bahrain and we will continue to deliver on our promise for providing truly, innovative financial solutions for all the target audiences.”
General Manager and member of the Board of Directors in Eskan Bank, Sabah Almoayyed welcomed the partnership with BMI.
“We are delighted to reach this agreement with BMI Bank as it coincides with the efforts to further involve the private sector in the housing and economic development of the country. This partnership makes it easier for Bahrainis to get the financial support they need to own their dream house, as well as have access to the special service portfolio both banks offer. Now Bahrainis will be able to fulfill their dreams, plans or aspirations with a partnership they can trust,” she said.