Chamber urges for more flexible financing

The Chairman of the Bahrain Chamber of Commerce and Industry, Nabeel Khaled Kanu, called on financial institutions and banks to expand the offering of faster and more flexible financing solutions to support companies facing temporary liquidity gaps. This includes providing short-term financing, invoice financing, receivables, contracts, as well as developing supply chain solutions and creditworthiness assessment standards. He pointed out that the banking sector plays a vital role in supporting economic activity, noting that credit facilities extended to economic sectors reached approximately 13.4 billion Bahraini dinars by the end of April 2026, with the business sector accounting for 40.8% of the total. He emphasized the importance of accelerating financing procedures and achieving a balance between offering solutions and maintaining the sustainability of the banking sector. Additionally, he highlighted that temporarily supporting companies before they face insolvency helps ensure the continuity of economic activity, and stressed the need for cooperation between the commercial and banking sectors to develop flexible financing solutions that meet companies' needs and promote growth and economic stability.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article