*** Banks will give time to postpone bank installments for everyone affected by the crisis of "Corona" | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN
Banks will give time to postpone bank installments for everyone affected by the crisis of

Banks will give time to postpone bank installments for everyone affected by the crisis of "Corona"

bahrain

MANAMA

His Highness Sheikh Nasser bin Hamad Al Khalifa said, “The Kingdom of Bahrain has started, thanks to the directives of His Majesty King Hamad bin Isa Al Khalifa, the country's King, His Majesty, may God protect him and sponsor him, and the follow-up of His Highness the Crown Prince to take many brilliant steps to overcome the exceptional stage that the Kingdom is currently going through because Corona Virus Among these steps is the instructions of the Central Bank of Bahrain to banks and banking institutions to postpone the repayment of loans to citizens for a period of six months, which will contribute to finding cash liquidity for every citizen in the Kingdom in order to revive the economic cycle in these exceptional circumstances in addition to reducing the burden on pain. And citizens in this period, especially the young among them. ”

His Highness Sheikh Nasser bin Hamad Al Khalifa added, “The Bahraini youth own many small and medium enterprises. In this exceptional period, these institutions need support and assistance in order to continue their work in a normal way, including the instructions of the Central Bank to postpone the repayment of loans for a period of six months and will contribute greatly to reviving the Bahraini economy. Its impact is clear on the small and medium projects for Bahraini youth, who will be able to continue to work continuously and the development lays the foundation for his work during this period.

 
His Highness Sheikh Nasser bin Hamad Al Khalifa added, "The delay in repaying loans aims to support business continuity in small and medium enterprises led by Bahraini youth and achieve the growth of this sector during the current stage, which contributes to supporting economic growth and maintaining levels of development of the economy and small and medium enterprises."
 
His Highness Sheikh Nasser bin Hamad Al Khalifa called on banks and banking institutions to positively interact with the directives of the Central Bank of Bahrain, which will contribute to supporting the national economy and providing liquidity to citizens and small and medium-sized enterprises led and managed by Bahraini youth.
 
His Highness expressed his appreciation to all those responsible for following up the decisions of the Central Bank of Bahrain and the national banks for their efforts and initiatives, which demonstrated the extent of their interest in youth matters and the affairs of every Bahraini individual.
 
 
 
 

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