Bahrain-based Eskan Bank has started returning the April instalments for all the citizens with housing loans, reported BNA. 

 

This comes following the Cabinet decision to postpone the instalments due for the Bahraini bank for six months, and to stop the collection of rent from tenants and beneficiaries from the shops owned by the bank, for a period of three months, starting from April.

 

Eskan said it had completed all coordination procedures with other banks that are cooperating in providing housing financing and added that all the sums will be returned to the citizens within the next few days.

 

The Eskan Bank praised the order of HRH Prime Minister Prince Khalifa bin Salam Al Khalifa and the directives of HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Premier, to postpone the installment payment, within efforts to reduce the economic impacts of the coronavirus on the citizens, and support the commercial activities during this period, reported BNA.

 

The bank affirmed that the two decisions prove the keenness of His Majesty King Hamad bin Isa Al Khalifa and the government to face the economic impacts of the pandemic, expressing hope that the virus will be eliminated soon, and life will be back to normalcy, it added.