Covid-19: Bahrain adds more countries to travel red list, effective from August 12
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Covid: India, Pakistan among other countries remain on red list as Bahrain adds more
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Friday, 28 May, 2021 - 07:45 Bahrain’s Central Bank (Asharq Al-Awsat Ar) Manama – Asharq Al-Awsat
The Central Bank of Bahrain (CBB) gave instructions on Thursday to postpone all loan installments for individuals and companies until December 2021.
It issued a circular to all retail banks and finance companies to provide the option to defer loan repayments for an additional period of six months
It will apply without deferral fees or any increase in the amount of installments or in the interest or profit rate, provided that the interest rates applied by banks are calculated on these loans during the deferral period.
The decision comes in line with the royal directives by King Hamad bin Isa Al Khalifa to support national efforts and help the economy cope with the impact of restrictions imposed to contain the coronavirus.