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Navigating The Pandemic: National Bank Of Bahrain CEO Jean-Christophe Durand Q&A
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Jean-Christophe Durand, CEO of the National Bank of Bahrain (NBB), discusses the impact of Covid-19, fintech and the prospects for further banking consolidation.
April 08, 2021
Global Finance: How has Bahrain navigated the Covid-19 crisis, and how has the financial sector been impacted?
Jean-Christophe Durand: The reaction from the government was immediate. The amounts put on the table to ensure the economy and the population didn’t suffer too much were substantial. When it comes to the financial sector, we contributed to support this effort. We were involved in a number of measures: a first six-month period of loan deferral that was then extended, for another three and then six months, to give the commercial and retail sectors time to reorganize themselves.
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