BAB confirms banks’ readiness to defer loan installments

BAB confirms banks’ readiness to defer loan installments

In response to the Royal directives, the Honorable Cabinet of Bahrain and the Central Bank of Bahrain, and an appreciation of the exceptional efforts made by the esteemed government in providing all support to the national economy and all economic activities and citizens and residents, Banks operating in Bahrain affirm their willingness to extend their support to customers and welcome their requests to defer loan installments until the end of the current year, to mitigate the effects of the Corona pandemic. Bahrain Association of Banks (BAB) announced that retail banks and financing companies operating in the Kingdom of Bahrain would provide their individual and corporate customers with the option to defer loan installments from September until the end of the current year 2020, provided that the interest on