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Bahrain banks to offer loan repayments delay option

Bahrain s Central Bank of Bahrain (CBB) has issued a circular to all retail banks and finance companies to provide the option of postponing loan repayments for an additional period of six months.
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Bahrain Central Bank Extends Loan Repayment Deferrals until December

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. ....

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Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot

Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.

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Bahrain central bank in tie-up for digital currency settlement

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Bahrain cbank in tie-up for digital currency settlement

The Central Bank of Bahrain (CBB) is collaborating with J P Morgan and Bank ABC in a pilot scheme to introduce instantaneous cross border payment solution leveraging state of the art technology and digital currency. ....

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