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Covid: Eba restores 'soft line' on bank loans

2020-12-03T10:22:06.812Z


The EBA has restored the 'soft' line on the loans of banks subject to a moratorium following the second wave of the Covid pandemic which causes "exceptional circumstances". (HANDLE)


(ANSA) - ROME, DECEMBER 02 - The EBA has restored the 'soft' line on the loans of the banks subject to a moratorium following the second wave of the Covid pandemic that causes "exceptional circumstances". This is what the banking authority communicates according to which the decision will be valid until 31 March 2021 even if "safeguards against the risks of an increase in NPLs in bank balance sheets" have been taken. The guidelines had expired on 30 September and the Italian and European banks had asked for their reconfirmation following the return of the pandemic, (ANSA).


Source: ansa

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