The number of small and medium enterprises (SMEs) that are unable to repay their loans has decreased from eight per cent last year to 4pc this year, BBK Group chief executive Dr AbdulRahman Saif has said.
Speaking on the sidelines of a ceremony where the bank rewarded employees for excellence and long years of service, the top official of one of Bahrain’s biggest banks said while this was good news, the global economic situation remains unfavourable due to political and economic instability, as well as rising interest rates .
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