Bahrain
Central Bank of Bahrain issues deferral of loan installments
In line with the royal directives by His Majesty King Hamad bin Isa Al Khalifa, the Central Bank of Bahrain (CBB), today issued a circular to all retail banks and finance companies to provide the option of postponing loan repayments.
The option to defer loan repayments for an additional period of six months applies to all individuals and companies until the 31st of December 2021.
It will apply without deferral fees, any increase in the number of installments, or an increase in the interest or profit rate, provided that the interest rates applied by banks are calculated on these loans during the deferral period.
