Banks agree to defer loan instalments owed by Bahrainis

ALL banks have agreed to defer loan instalments owed by Bahrainis until the end of the year. 

The Central Bank of Bahrain (CBB) revealed today that while loan repayments will be deferred, interest on the amount and administrative fees will have to be paid.

The move follows directives by the Cabinet in its weekly session on Monday to defer loans without affecting banks’ liquidity and financial solvency.

 

Source: http://www.gdnonline.com/Details/872555/Banks-agree-to-defer-loan-instalments-owed-by-Bahrainis

 

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