Bahrain, April 13 -- Following the directives of His Royal Highness, Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, the Central Bank of Bahrain (CBB) has announced the launch of a loan deferral and liquidity support programme including a set of measures to support Bahrain's economy and the financial sector.

Under this initiative, the CBB in a statement said, retail banks and financing companies will offer customers the option to defer loan installments and credit card payments, including principal and interest, for three months, with the deferral option applicable to both individuals and corporates. These institutions will have the flexibility to postpone the classification of loans for affected customers, with ...