MANAMA: A new facility offering businesses immediate access to funds as a loan against cheques that will be cleared at a future date, has been launched by Bahrain Credit, the finance division of Bahrain Commercial Facilities Company (BCFC).
BCFC’s chief executive Dr Adel Hubail told a Press conference that the cheque discounting facility is meant to address the short-term liquidity needs of Bahraini small and medium enterprises (SMEs) .