Bahrain: In March, bank lending to the private sector increased 6.43% year on year

The Central Bank of Bahrain announced a 6.43% year-on-year increase in bank lending to the private sector last March.

The bank said the money supply (M2) increased in March by 4.22% year on year, according to the news agency “Reuters”.

The “Central” of Bahrain had issued a circular to all retail banks and financial companies at the end of last year, to offer the possibility of postponing the rate of the loan due to all individuals and companies for a further 6 months ending June 30, 2022.

The bank explained in that moment that the postponement will be made without calculating commissions or an increase in the amount of the installment or an increase in the interest rate or profit.

He added that the interest rates set by the banks on these loans will be calculated during the deferral period.

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