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Bahrain: Extending the postponement of loan installments by 6 months
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The First Vice President of the Bahrain Chamber of Commerce and Industry Khalid Mohammed Najebi called on the Central Bank of Bahrain and all banks and financial institutions operating in the Kingdom of Bahrain to work on extending the period of postponing loan installments

The First Vice President of the Bahrain Chamber of Commerce and Industry Khalid Mohammed Najebi called on the Central Bank of Bahrain and all banks and financial institutions operating in the Kingdom of Bahrain to work on extending the period of postponing loan installments for sectors that are still affected by the economic repercussions of the Covid-19 pandemic, for an additional six months, because of that. The impact of supporting the achievement of the priorities of economic recovery plans and supporting them with initiatives that would achieve the requirements of the economic situation and generate new investment opportunities with a sustainable development impact.

He explained that the repercussions of the Corona pandemic crisis imposed on the world great economic challenges as a result of the closures, and affected the incomes of some affected sectors in Bahrain directly, including - for example - small and medium enterprises, tourist facilities, the restaurant sector, the hotel sector and the construction sector, so it is necessary and important During the current period, continuing to support economic activities by pumping financial liquidity, which enhances the rotation of the economy’s movement at growth rates that compensate for the periods of stagnation experienced by the economic sectors, in line with the royal directives of His Majesty the King, and in support of the economic recovery plan launched by the government headed by His Royal Highness, the Crown Prince, President Council of Ministers.

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