Sakana Holistic Housing Solutions has approved mortgages worth BD26.7 million to 212 customers.
Celebrating its first anniversary yesterday, Sakana chairman Jamal Hijres predicted that the mortgage lender would achieve 60 per cent growth next year.
All its loans have been for new build properties with the lender working hand in hand with some of the kingdom's leading developers with 47pc of its loans going to Bahrainis.
"Our holistic approach, as well as simplicity and innovation in our mortgage solutions have allowed Sakana to close its first year of operations on an extremely positive note, having helped more than 200 customers in financing their dream home," he said.
"We intend to be a catalyst which will make the property sector flourish."
The pioneering mortgage provider has introduced a series of firsts in the market place including the longest term mortgage available at 30 years, financing for non-residents outside the GCC, equity release and the highest mortgage on offer in the kingdom at BD1.25m.
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