Bahrain bad loans rise to $136m
Manama, April 6, 2013
The Central Bank of Bahrain (CBB) has reported BD51.5 million ($136 million) in bad loans last year, said a report in our sister paper Akhbar Al Khaleej.
“Bad loans averaged 3.4 per cent of the total consumer loans which topped BD1.5 billion by the end of last year,” CBB Governor Rasheed Al Maraj said, responding to a parliamentary proposal.
He stressed CBB must resolve to monitor consumer loans though regulatory procedures and enforce best banking practices. The measures are aimed at regulating the growth of consumer loans and reducing the volume of bad loans.-TradeArabia News Service