Bahrain launches support package amid conflict uncertainty
Bank offers loan deferrals and liquidity measures as World Bank highlights country’s economic vulnerabilities
The Central Bank of Bahrain has announced measures to support the economy and financial sector, including a loan deferral and liquidity support programme for retail banks.
The announcement was made on April 13 following directives from Salman bin Hamad Khalifa, the crown prince and prime minister.
Under the new loan deferral programme, retail banks and financing companies will be able to offer customers three months’ breathing space, with the option to defer loan and credit card repayments. This
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