A 10-point plan aimed at improving small and medium enterprises’ (SMEs) access to sustainable and convenient financing options has been proposed by the Bahrain Association of Banks (BAB).
Presenting the proposal, Dr Waheed Al Qassim, the chief executive of the association, urged the Central Bank of Bahrain to continue supporting banks, thereby enhancing their capacity to offer soft loans to SMEs.
Speaking during a meeting with stakeholders from the government and private sectors, the official said Benefit, the operator of the national electronic fund transfer system and the national ATM and point-of-sale switch, should establish a credit rating system for SMEs.