Bahrain Central Bank gives relief to loan payers, defers installments by 6 months

In a major relief to loan payers, The Central Bank of Bahrain has asked banks and finance companies to delay loan repayments for a further six months beginning in January, to support borrowers suffering from the coronavirus crisis.

Last Reviewed: April 2026 | Sources: DrJobPro Hiring Data Q1 2026.

• The option of postponing installments is to be provided to all customers
  living in the Kingdom, whether individuals or businesses, as specified by the Central
  Bank in a circular issued to banks on Tuesday.
• The exemption shall be the amounts outstanding on credit cards and the
  loans transferred to the court
• The Bank will reevaluate the continuation of these actions in 2021.

The statement comes after
Bahrain’s Ministry of Health announced last week that coronavirus vaccinations
in authorized residential health centers began on Friday.

Previously in March, during the
beginning phases of the coronavirus pandemic, Bahraini citizens were granted
the right to delay the payment of bank loans by six months. At the time, the
exemption often included credit cards but did not include inter-bank deposits
or borrowings.

In March, Bahrain has reported a
financial package of $11.39 billion (4.3 billion Bahraini dinars) to tackle the
fallout from the coronavirus epidemic, including steps to cover electricity and
water payments for individuals and businesses for three months beginning in
April.

Health officials in Bahrain have
already announced that 27 medical centers will be set up to provide jabs for up
to 10,000 people/day.

Bahrain, a country with about 1.7
million, has reported more than 90,000 cases and 350 deaths so far.

Previously in December, the
National Health Regulatory Authority of the Kingdom approved the registration
of a Covid-19 vaccine developed by Chinese pharmaceutical giant Sinopharm.

For the latest vacancies in
Bahrain, Click
here!

Read Also:

• Dubai
  COVID- 19 vaccination guide: Here’s all you need to know
• Bahrain,
  UAE, and Saudi Arabia ranked in the world’s top five Islamic finance economies
  by the Islamic Development Bank

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