The loan will have a five-year tenor and a three-year grace period, helping Banco BICE increase and diversify its long-term financing to support the housing portfolio growth.

Bahrain hosts much of the most innovative fintech activity, including wider access to financial services.

The objective of the partnership is to fully digitize all banking services offered by the company, a significant move to enhance the overall digital experience for Ebdaa's customers.

This loan aims to strengthen the institution's financial inclusion program, with a specific emphasis on supporting low-income women in Chile.

Mastercard has joined forces with a renowned training and development organization Bahrain Institute of Banking and Finance to drive financial inclusion in the country and the wider region. 

Aligned with its social purpose and in light of COVID-19’s progress in Latin America, BBVA Microfinance Foundation’s six institutions in five countries in the region have adopted urgent and necessary measures to help its 2.2 million clients cope with this situation.