Banks ‘unlikely to extend moratorium’ on loan repayments

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Banks ‘unlikely to extend moratorium’ on loan...
 © CyprusMail 2020
The possibility of banks extending a moratorium on loan repayment beyond the end of the year is not likely, a senior banker said on Friday.

Hellenic Bank’s acting executive director Fivos Stasopoulos said it would be difficult for lenders to extend a moratorium on monthly loan payments, introduced in March to help borrowers weather the fallout of the coronavirus crisis.

The repayment suspension covers businesses, self-employed persons, and individuals who had been consistent with their dues.

Replying to a question, Stasopoulos conceded it would be logical for one to consider an extension for...


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This article was automatically added to our system 25-9-2020

Banks ‘unlikely to extend moratorium’ on loan repayments


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Article Tags: banks, unlikely, extend, moratorium, repayments,