VOL. XLVII

No 18

03-May-2004

REGIONAL BANKING

BMA Gives Go-Ahead To Establish Credit Bureau

The Bahrain Monetary Agency (BMA) has approved the establishment of a credit reference bureau (CRB), which will serve as an information database on loans to individuals and corporations in Bahrain. The CRB will be run by The Benefit Company, which operates the national automated teller machine (ATM) system. There is a need for a central database on consumer and corporate debtors, in order to better manage...