Portugal's main banks suspend a third of loan repayments from companies

By TPN/Lusa, in Business · 19-12-2020 08:00:00 · 0 Comments

24.4 billion euros of corporate loan repayments suspended until September 2021

Portugal’s seven largest banks have suspended 24.4 billion euros of corporate loan repayments until September 2021 under a scheme to avoid a jump in bad loans. The central bank said those banking loan

moratoriums were equivalent to 32% of the seven banks’ total credit. In September, Portugal extended the suspension of loan repayments, which can be applied on bank loans to companies and families,

including household mortgages, by another six months until September next year.

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