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Banks will grant credit moratoria

2021-01-15T20:49:43.316Z


The companies most affected by the crisis can request a deferral of loan repayments. Faced with the harshness of the health crisis, the end of which we do not see, the banks are emerging from the systems that proved their worth last spring. Thursday evening, they pledged to offer again to the companies most affected by administrative closures and curfews, moratoriums on credits. The latter will therefore be able to request a postponement of loan repayments for a period that has no


Faced with the harshness of the health crisis, the end of which we do not see, the banks are emerging from the systems that proved their worth last spring.

Thursday evening, they pledged to offer again to the companies most affected by administrative closures and curfews, moratoriums on credits.

The latter will therefore be able to request a postponement of loan repayments for a period that has not been specified.

This measure should allow them to preserve their cash flow and keep their heads above water.

It will be valid in all financial institutions and will apply on a case-by-case basis to companies, said the French Banking Federation (FBF).

“This new wave should not discourage the economic players in our country.

We are and will be there to support them.

Dialogue with their banker is essential ”

, assured Philippe Brassac, president of the FBF.

To read also:

The wall of bankruptcies "will not take place", estimates the French Banking Federation

During the first confinement, financial institutions had granted

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Source: lefigaro

All business articles on 2021-01-15

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