Posted by: Cornelia Stefoglu
News / Economic
27 Mar. 2020 / 19:45
Banks may defer or modify the terms of payment of the loans
Banks may postpone or change the terms of payment of loans for businesses by June 30. A decision in this regard was taken today by the National Bank of Moldova, which stated, in a press release, that the decision refers to the legal entities that were temporarily affected by the financial situation following the state of emergency, generated by the pandemic by Coronavirus, reports Moldova 1.
In order to benefit from this facilitation, the economic agents will have to reasonably notify the bank about the temporary difficulty of payment. Subsequently, the banking institutions will have the obligation to evaluate objectively the quality of the loans, but also to manage effectively all the risks, in order to maintain the financial stability of the bank.