Eskan Bank

What Eskan Bank does

Eskan Bank is a Bahraini government-owned specialized retail bank, established in 1979 and headquartered at Al Moayyed Tower in Manama. The Government of Bahrain is its sole owner, and the institution functions as the Ministry of Housing & Urban Planning's strategic partner and financial advisor. Its mandate is narrowly focused on social housing: providing subsidized mortgages, housing finance schemes, and related services to low-to-middle income Bahraini citizens, alongside community property development through its wholly owned subsidiary Eskan Properties.

The bank's product portfolio is organized around five housing finance schemes — Tas'heel, Tas'heel+, Mazaya, Joint Collateral Scheme, and Renovation Financing — supported by housing services (Unit Ownership, Housing Plots), property development projects (Villas, Flats, Land Plots), and a facilities management operation via Eskan Properties. Its technology stack centers on three digital platforms: Eskan Online (online banking), Baity Platform (property listings at baity.bh), and Open Banking infrastructure, plus an eCheque digital payment service and a Finance Calculator. Eskan Bank is ISO 9001, 27001, and 22301 certified, has a Sharia Supervisory Board, and operates as a Restricted Conventional Retail Bank licensed and regulated by the Central Bank of Bahrain.

The revenue model is primarily recurring in nature, driven by interest and fees on subsidized housing finance products, with secondary revenue from one-off property development projects (villas, flats, land plots) and facilities management services through Eskan Properties. Pricing is quote-based and tailored to individual financial circumstances of eligible citizens, rather than publicly disclosed rate cards; a 2025 fees and charges document governs ancillary charges. Distribution is direct-to-consumer, delivered through physical branches, the digital platforms, and partnerships aligned with national housing policy. The bank's scale was materially expanded in November 2025 via a BHD 250 million (~$669M) syndicated debt facility led by National Bank of Bahrain with nine co-lenders, intended to support housing programs under the Government Plan 2023–2026.

Name

Eskan Bank

Legal name

Eskan Bank

Website

https://eskanbank.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

Eskan Bank is a Bahraini government-owned bank, established 1979, providing subsidized mortgages and housing finance schemes to low-to-middle income Bahraini citizens, with property development via Eskan Properties and digital platforms Eskan Online and Baity.

Ownership category

akta.pro rank

Product category

Social Housing Finance

NAICS

Depository Credit Intermediation (5221)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Social housing finance
• Subsidized mortgages
• Retail banking
• Property development
• Housing loans

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Housing Finance Products: Revenue generated from housing mortgage and finance products including Tas'heel, Tas'heel+, Mazaya, Joint Collateral Scheme, and Renovation Financing. These products serve low-to-middle income Bahraini citizens with subsidized housing finance solutions.
2. Property Development: Engagement in community-related property development activities including villas, flats, and land plot projects, as well as Eskan Properties operations including community centers and commercial projects.
3. Facilities Management: Property facilities management services provided as part of community-related property development activities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Eskan Bank provides subsidized housing mortgages and finance products to low-to-middle income citizens of the Kingdom of Bahrain through schemes such as Tas'heel, Tas'heel+, Mazaya, Joint Collateral Scheme, and Renovation Financing. The bank also engages in community-related property development (villas, flats, land plots) and operates Eskan Properties (community centers and commercial projects), with supporting digital platforms including Eskan Online, Baity Platform, Open Banking, and eCheque.

Product overview

Eskan Bank operates as a unified housing finance platform offering a comprehensive portfolio of subsidized mortgage products and property development services. The core housing finance offerings include Tas'heel (basic subsidized mortgages), Tas'heel+ (enhanced financing), Mazaya (flexible property financing), Joint Collateral Scheme, and Renovation Financing. These are complemented by digital platforms including Eskan Online (online banking portal), Baity Platform (property listings), Open Banking (API-based services), and eCheque (electronic payments). The Bank also provides the Finance Calculator for eligibility assessment, along with housing services for unit ownership and land plots. Project offerings span Villas, Flats, and Land Plots for development, while Eskan Properties manages Community Centers and Commercial Projects. The Tumooh Programme represents a recent initiative to expand housing finance options.

Differentiator

Problem solved

Functional benefit

Brands

• Tumooh Programme: Housing finance programme aimed at improving financing schemes for Bahraini citizens.
• Eskan Properties
• Tas'heel
• Tas'heel+
• Mazaya
• Baity Platform
• Eskan Online

Products and services

• Tas'heel Housing Finance Core subsidized housing finance product providing low-to-middle income Bahraini citizens access to affordable mortgage solutions for purchasing a family home.
• Tas'heel+ Housing Finance Enhanced housing finance scheme with improved terms for qualifying low-to-middle income Bahraini citizens seeking subsidized mortgage financing.
• Mazaya Housing Finance Flexible housing finance programme designed to help Bahraini citizens acquire property with adaptable financing terms.
• Joint Collateral Scheme Housing financing scheme enabling applicants to leverage joint collateral to qualify for loan approval, expanding access for citizens without independent collateral.
• Renovation Financing Dedicated financing product for home renovation and improvement purposes available to eligible Bahraini citizens.
• Eskan Online Banking Online banking platform providing customers with digital access to housing finance services, account management, and transactions.
• Baity Platform Online property platform at baity.bh providing property listings and housing-related services to Bahraini citizens.
• Open Banking Service Open banking infrastructure enabling customers and authorized third-party providers to access account and payment services via standardized APIs.
• eCheque Electronic Cheque Service Electronic cheque service enabling customers to issue and process cheques digitally as an alternative to paper cheques.
• Unit Ownership Service Administrative service for managing and registering unit ownership properties for Bahraini citizens.
• Housing Plots Service Service facilitating the acquisition and financing of housing land plots for citizens who prefer to build their own homes.
• Villas Development Projects Villa development projects offered by Eskan Bank for citizens seeking detached family homes in community settings.
• Flats Development Projects Apartment and flat development projects offered to citizens seeking multi-family residential units.
• Land Plots Development Land plot offerings for citizens who prefer to build their own homes, with associated financing options.
• Community Centers (Eskan Properties) Community center developments operated by Eskan Properties subsidiary providing neighborhood amenities within Eskan-developed housing communities.
• Commercial Projects (Eskan Properties) Commercial property development projects operated by Eskan Properties subsidiary within housing communities.
• Tumooh Housing Finance Programme Housing finance expansion programme designed to improve and broaden financing schemes for Bahraini citizens, extending subsidized mortgage access.

Quantifiable outcome

• Sustainable social housing programs and solutions for Bahraini citizens

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Tumooh Programme PartnerscoreStrategic or Co-development Partner · 26 November 2025Eskan Bank signed a deal to expand housing finance options through its Tumooh programme, which aims to improve financing schemes for Bahraini citizens.
• Ministry of Housing & Urban Planning (Bahrain)coreStrategic or Co-development PartnerEskan Bank acts as the Ministry of Housing & Urban Planning's strategic partner and financial advisor. Both work together towards the continuous development of sustainable, best industry practice social housing programs and solutions.
• TawasulminorOthersTawasul is referenced as a partner organization in the bank's footer, indicating a collaborative relationship for community and social initiatives.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• National Housing Company (Kuwait): Kuwaiti government-owned housing entity with a similar public mandate to develop and finance affordable residential housing for citizens. Closest direct comparable to Eskan Bank's government-owned social housing finance role within the Gulf.
• Bank Maskan (Iran): Iranian government-owned specialized housing bank focused on residential mortgage lending to citizens. Operates under a similar specialized housing-finance mandate to Eskan Bank, though in a different geography.
• Oman Housing Bank: Omani government-owned specialized housing bank providing residential mortgage finance to Omani nationals. Direct mandate-comparable peer in the GCC with similar subsidized housing finance role.

Broad incumbents

• Bahrain Islamic Bank (BISB): Bahraini universal Islamic bank offering Sharia-compliant housing finance products among a broader retail and commercial portfolio. Competes with Eskan in Bahraini housing finance but operates a much wider product set.
• National Bank of Bahrain (NBB): Bahrain's flagship commercial bank and lead coordinator of Eskan's BHD 250M syndicated facility. Provides housing finance products as part of its broader retail banking franchise and shares Bahrain's local market with Eskan.

Regional players

• Kuwait Finance House (KFH): Major Kuwaiti Islamic bank offering housing finance products across the GCC, including Bahrain. Regional comparable providing subsidized and commercial housing finance products similar to those offered by Eskan.
• Abu Dhabi Islamic Bank (ADIB): Major UAE Islamic bank with significant housing finance operations in the UAE. Regional comparable in GCC housing finance with Sharia-compliant products paralleling Eskan's offerings.
• Al Baraka Banking Group: Bahrain-headquartered Islamic banking group with operations across the Middle East and North Africa, offering housing finance products. Participated in Eskan's syndicated facility and operates regional housing finance franchises.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/EskanBank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eskan Bank