Move aims to help companies hit by political uprisings in the Gulf state, says central bank
Bahrain’s banks agreed to reschedule customer loans when
needed to help companies cope with the impact of the unrest in the country, the
Central Bank of Bahrain said in an emailed statement Tuesday.
Central Bank Governor Rasheed Mohammed Al Maraj met with the
lenders yesterday “to discuss possible ways which banks may help reduce the
financial burdens on small and medium enterprises and help them overcome any
difficulties they may have faced as a result of the current climate,” it said.
In separate news, the Bahrain government agreed Tuesday to open
the mortgage market to foreign banks by allowing them to own real estate
temporarily, Bahrain News Agency said.
The foreign banks will be allowed to own the property
mortgaged for the duration of the mortgage, state-run BNA said, citing a