Bahrain urges lenders to keep interest rates low

May 26, 2014 2:31 am

Bahraini Prime Minister, Prince Khalifa bin Salman Al Khalifa has called on lenders in the kingdom to maintain low interest rates and support the economy, Gulf Daily News has reported. The Premier urged banks to monitor loan interest rates and serve customers fairly, insisting that the money raised from the gap between the interest a bank pays on deposits and the rate it charges for loans, which can be as high as 20%, should serve the interests of customers and not just the bank.