Bahrain’s Eskan Bank, a government- owned mortgage lender, secured a 100 million dinars ($265 million) loan from three local banks, Alwasat reported, citing a statement from the bank.
The mortgage lender will use the money to fund its five- year housing plan, the newspaper said. The six-year facility was arranged and provided by National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait BSC, and Ahli United Bank BSC. (AUB), the newspaper said.
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