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

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.

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