Bahrain Central Bank Extends Loan Repayment Deferrals on Virus
(Bloomberg) -- The Central Bank of Bahrain asked banks and financing firms to defer loan repayments for an additional six months starting January, in a move aimed at helping borrowers hurt by the coronavirus crisis.
- Option to postpone installments is to be offered to all customers residing in the kingdom, whether individuals or companies, the central bank said in a circular issued to banks on Tuesday
- Exception is amounts owed on credit cards and loans transferred to the court
- Bank will reassess the continuation of such measures in 2021
©2020 Bloomberg L.P.