Al Baraka Islamic unveils special offers for 211-unit Bahrain project
MANAMA, 7 days ago Al Baraka Islamic Bank (AIB), a leading Bahraini financial institution specialising in the field of Islamic banking, has signed an agreement with Eskan Bank to launch exclusive financing offers for the residential units of Danat Al Baraka project. Located in Janusan, the Danat Al Baraka is one of the most prominent housing projects in the kingdom, featuring 211 modern villas with four different contemporary designs, each consisting of two floors with four rooms, a spacious hall, a kitchen and annex for a domestic worker, and a garage consisting of two parking spaces.
National Bank of Bahrain s Q1 net profit soars to $41m
MANAMA, 8 hours, 24 minutes ago National Bank of Bahrain (NBB) has reported a 1.3% increase in its net profit attributable to equity shareholders to BD15.6 million ($41.4 million) for the three months ended 31 March 2021, compared to BD15.4 million ($40.8 million) last year. The increase in net profit is predominantly due to lower provisioning levels this year, as 2020 included precautionary provisioning requirements attributable to the worldwide Covid-19 pandemic. Furthermore, 2021 results underscore the strong group fundamentals given the significant market changes that have occurred subsequent to the first quarter of the previous year. Basic and diluted earnings per share at 8 fils ($2 cents) for the first quarter remained at the same level of the same period of 2020.
NBB, Eskan launch new housing finance scheme
DUBAI, 5 days ago The National Bank of Bahrain (NBB) has announced a new joint housing finance construction scheme, in collaboration with Eskan Bank, to facilitate the purchase of land and the subsequent construction of homes across the kingdom. The NBB move comes as part of its efforts to provide optimal housing financing solutions for Bahraini citizens across the kingdom. The offer comes months after the launch of the joint housing purchase scheme which solidifies NBB’s growing partnership with the Ministry of Housing and Eskan Bank. Under this new scheme, NBB customers will be able to purchase land through the bank s mortgage finance and subsequently build it through a social housing financing plan provided by the Eskan Bank.
Al Baraka Islamic Bank has announced the inauguration of Danat Al Baraka, a residential project featuring 211 villas with four different contemporary designs, in Janusan, Bahrain. These units are now available under the Mazaya social housing scheme.