Interest rates up in Bahrain

Business rate in Bahrain have risen

The average rate of interest on trade loans offered by Bahrain banks has risen to 5.24 per cent at the end of third quarter of this year, compared to 4.79 per cent in the same period last year, reports our sister paper Akhbar Al Khaleej.

Average rate of interest on construction and development sector increased from 4.99 per cent to 5.24 per cent during the review period, said the report citing the Central Bank of Bahrain data. The industrial sector in Bahrain saw its rate of interest fall from 4.58 per cent to 3.73 per cent.