Great news for Bahraini citizens and Small and Medium Enterprises!
The Central Bank of Bahrain was directed to defer bank loan payments across Bahrain until the end of the year, and all banks have agreed!
Speaker praises government’s positive response to loan payment postponement requesthttps://t.co/BNrMdesNHM— Bahrain News Agency (@bna_en) September 20, 2020
While interest and administrative fees will still have to be paid, it’s an amazing way to support the affected businesses and families!
Back in March, all banks in Bahrain had deferred loan payments for citizens, which was a testament to the amount of support given by the country to its citizens.