Bank rates on loan increase

MANAMA: Data released by the Central Bank of Bahrain showed that average rate of interest on trade loans offered by Bahrain banks rose to 5.24 per cent at the end of third quarter of this year, compared to 4.79pc in the same period last year, reports our sister paper Akhbar Al Khaleej.

Average rate of interest on construction and development sector increased from 4.99pc to 5.24pc during the review period, while in the industrial sector the rate of interest fell from 4.58pc to 3.73p

November 19, 2012, gulf-daily-news