MANAMA: BBK has issued a BD50 million loan to the Electricity and Water Authority (EWA).
The bank said the EWA will use the loan to support the expansion and enhancement of present networks and to satisfy the kingdom’s growing demand for electricity and water, in a way that assures sustainable growth.
BBK Group chief executive Dr AbdulRahman Saif said BBK’s provision of these financial facilities to EWA reflects the government’s trust in the bank as a Bahraini national institution and a partner in major development projects in the country over the past fifty years.
He also thanked the Finance and National Economy and Electricity and Water Affairs ministries and EWA for their efforts in ensuring swift processing of all the required procedures related to the loan facility.
He also emphasised BBK’s commitment to remain the trusted partner in efforts that contribute to the kingdom’s prosperity and development.
“Major energy-related infrastructure projects are top priority for BBK and the Bank enjoys a satisfactory liquidity level to extend the necessary facilities,” Dr Saif added.
&uuid=(email))