BOP General Manager, Mr. Hashim Shawa, stated that bank seeks to be the leader in serving Palestinian residents

Al-Amal Real-estate Mortgage company will enable residents with limited or middle class income to have their own flats.

Participants in the program will pay moderate installments and interest rates and will not exceed the average monthly rent.

Mr. Hashim Shawa, General Manager of BOP, confirmed that the bank aims from participating in this program to assist people with limited or middle income to improve Palestine economy and activate the economic movement in the Palestinian market and specially minimize unemployment rates as these rate are very high.

Mr. Shawa added that BOP seeks to be the leader in assisting in serving Palestinians as these loans will assist people with limited income to own their flats by paying moderate interest rates through 25 years. This project was sponsored by President, Mahmoud Abbas, and signed by Palestine Investment fund, Overseas Investment Institution, BOP and Palestine real-estate mortgage company.

Mr. Shawa said that Interest and installment payments will not exceed monthly average payment. These projects will be mainly implemented in Zone A and B in Palestinian territories. It is expected that these projects will start at the end of the 2008 or beginning of 2009 and the keys of flats at the first stage will be ready at the end of 2010. BOP will cooperative in dealing with all applications to these loans as the process will fast and easy.