Bahrain's central bank advised lenders to raise their third-quarter provisions for exposure to two local banks owned by a pair of debt-laden Saudi firms to 75 percent, the central bank governor said on Sunday.
Maraj also said he expected Bahrain's economy to grow by 2-3 percent this year.
"We have upped the provisions ... to 75 percent in the third quarter", Rasheed al-Maraj said on the sidelines of a meeting in Kuwait.
No comments:
Post a Comment