Bahrain’s central bank has asked banks and financing firms to extend loan repayments for six more months from January, as it moves to mitigate the effects of the coronavirus pandemic on businesses and individuals.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…32 | the publication reaches you by | Bahrain News
The central bank said it would reassess the need for continuing with such concessionary measures in 2021.
This month Fitch Ratings said banks in the region would see more asset-quality deterioration in 2021, when loan deferral programmes and regulatory flexibility for banks to recognise impairments end.
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