Labour and Social Development Minister and Board of Directors Chairman of the Family Bank, Jameel bin Mohammed Ali Humaidan, chaired this year’s second board meeting of the bank.
Deputy Chairman, Dr. Mustafa Al-Sayed, CEO Dr.Khalid Abdulla Ateeq and several board members took part in the meeting, which was held virtually.
The meeting reviewed the legal and financial situation of the bank following its recent decision to postpone the payment of loan installments for the citizens by six months to mitigate the impacts of the outbreak of the novel coronavirus.
The bank’s decision, taken in line with His Majesty King Hamad bin Isa Al Khalifa’s directives and the circular of the Central Bank of Bahrain, covered all productive families registered with the Labour and Social Development Ministry, as well as those who had received loans and facilities from the Family Bank.
The minister commended the distinguished efforts exerted by the Family Bank’s officials and employees, lauding their competence in dealing with the current exceptional circumstances.