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Bahrain’s Eskan Bank Secures $265 Million Loan, Alwasat Reports

July 25 (Bloomberg) -- 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, Bank of Bahrain and Kuwait BSC, and Ahli United Bank BSC., the newspaper said.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net

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