MANAMA: The adverse effects of Covid-19 and low oil prices are seen triggering an accelerated decline in profitability of domestic retail banks in Bahrain, says S&P Global Ratings.
However, under the base-case scenario of the ratings agency, such deterioration (lower real estate prices and weakened asset quality) would occur toward the end of 2020, when regulatory forbearance measures are lifted, and should remain broadly manageable .
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