Bank online, says Ithmaar Bank – News of Bahrain- DT News

Bank online, says Ithmaar Bank – News of Bahrain- DT News

Ithmaar Bank, a Bahrain-based Islamic retail bank, said yesterday it encourages customers to bank online to help contain the Coronavirus (COVID-19) virus.. The move, Ithmaar Bank said, also falls in line with the Central Bank of Bahrain (CBB) directives issued on 05 March 2020 urging all banks, financing companies and micro-finance companies in the Kingdom to grant concessions to customers affected by the global outbreak of COVID-19. ". As a pioneering Islamic retail bank, Ithmaar Bank recognises the important role we must play in the community," said Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim.. The ban is also granting concessions such re-scheduling or granting temporary deferrals on credit instalments for individual customers affected by COVID-19 and relaxing requirements on corporate customers, particularly Small and Medium-sized Enterprises SMEs. ". In addition to following all relevant directives, Ithmaar Bank has also initiated its own public awareness campaign," said Abdul Rahim.. The Bank has also started encouraging customers to bank online, rather than visiting the branches, to help contain the COVID-19 virus," he added "Over the years, Ithmaar Bank invested tremendous time, money and effort on developing the Bank's digital infrastructure and on implementing far-reaching, bank-wide digital initiatives," said Abdul Rahim.. "As