MANAMA: Measures announced by the Central Bank of Bahrain (CBB) to mitigate the financial impact of Covid-19 on companies and individuals have not significantly affected the performance and profitability of banks, an expert has said.
Bahrain Association of Banks (BAB) legal and regulatory framework committee chairman Dr Adel Al Basha said in a statement yesterday that the CBB granted banks other facilities instead, including granting retail banks a facilitation of repurchase arrangements (repo) up to six months at zero per cent on a case-by-case basis .
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