CBB Volume 1: Contents

Central Bank of Bahrain Volume 1—Conventional Banks
Part A
Business Standards
BC Business and Market Conduct
BC-4 Customer Account Services and Charges
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BC-4.3.14

In addition to the requirements under Paragraph BC-4.3.9, retail banks must publicly disclose by conspicuous noticeG for Credit Agreements other than instalment financing facilities:

(a) For credit cards, the monthly and the annual rate of interest plus other fees and charges;
(b) For overdrafts, the annual rate of interest plus other fees and charges;
(c) For floating-rate credit agreements, the interest rate clearly defined on the basis of the relevant base rateG , the periods during which this rate would apply, as well as information on key factors that could affect the total cost of the credit agreement; and
(d) For instances where the customer exceeds contractual credit lines, the terms and any relevant charges.
Added: October 2012
 Versions
(1 Version)
 
Oct 1 2012 onwards
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