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Bahrain Central Bank Extends Loan Repayment Deferrals on Virus
Bahrain Central Bank Extends Loan Repayment Deferrals on Virus
30 Dec 2020, 02:42 PM IST
(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.
(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.
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