By Avinash Saxena
LOAN repayments for all customers have been deferred for six more months from January 1, 2022, the Central Bank of Bahrain (CBB) has announced.
The current loan deferral option expires on December 31, and the extension means loan instalments need not be repaid till June 30, 2022.
Directing banks and financing companies to offer both individuals and companies the option to postpone their instalment payments, the regulator said yesterday that profit or interest rates should remain unchanged and that financial institutions must not impose any additional fees on the outstanding loans.
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