Central Bank of Bahrain issues loan deferment directives
The Central Bank of Bahrain (CBB) has issued new regulatory instructions to commercial banks and financing companies regarding the deferment of loan repayments and credit card payments, as part of a broader liquidity support programme aimed at strengthening the Kingdom’s economy and financial sector.
The measures are being implemented in line with directives from His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.
The programme allows banks and financing firms to offer customers the option to postpone loan and credit card repayments, including instalments and interest, for a period of three months. The initiative applies to both individuals and businesses.
The CBB stressed the importance of financial institutions clearly communicating the implementation procedures to customers to ensure smooth access to the programme and facilitate its effective rollout.
It added that the initiative is designed to enhance financial stability, improve liquidity, and support the resilience of borrowers across the Kingdom.
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