Local banks could soon ease up the burdens on medium and small-sized businesses, regarding their financial commitments.
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has directed Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj to explore with local banks best ways of alleviating financial constraints on these trade enterprises.
The move aims at helping them to continue their activities and enabling them to readjust to the market constraints.
HRH the Premier received Al Maraj as part of the Government’s drive to confront all negative repercussions which may have a detrimental impact on Bahrain’s trade and economic activities. The Premier was updated on the current financial and banking outlook in Bahrain, including solvency and liquidity.
He also outlined financial facilities and streamlined measures which may be provided to ensure the trade momentum would continue at the same pace.