The Housing Bank for Trade and Finance – Bahrain announced its participation in a joint financing agreement worth 250 million Bahraini dinars, which it signed with a number of Bahraini, regional and international banks and banking institutions, to support housing programs in the Kingdom of Bahrain within the government program 2023-2026.
In this regard, the CEO of the Housing Bank Group for Trade and Finance, Ammar Al-Safadi, confirmed that the bank seeks, through participation in this agreement, to strengthen cooperation with the Housing Bank to provide real estate financing to citizens, which will accelerate the pace of providing housing solutions and services to citizens, and enhance social and economic development in the long term.
Al-Safadi pointed out that this agreement is considered the second financing agreement in which the Housing Bank for Trade and Finance – Bahrain participates, expressing the bank’s pride in playing an active role in financing important housing initiatives in the Kingdom of Bahrain, as part of its continuing contributions to supporting social and economic development projects over its more than twenty-year career there.
The participation of the Housing Bank for Trade and Finance – Bahrain in the joint financing agreement reflects the bank’s position as a leading banking institution, especially since it operates under the umbrella of the Housing Bank for Trade and Finance – Jordan group, which is distinguished by its long legacy extending since 1973 in residential financing and banking facilities, which qualifies it to engage effectively in joint financing agreements, based on the international perspective and the great expertise and deep experience of the group in various markets, especially with its wide regional spread through its branches in Palestine and Bahrain, representative offices in the Emirates and Libya, and subsidiaries in Algeria, Syria and London.
