Portugal to extend loan moratorium

in News · 14-05-2020 09:35:00 · 2 Comments

Portugal will extend its six-month suspension on debt repayments beyond September for as long as it takes to avoid jeopardising the banking system with a jump in bad loans when the measure is lifted.

The suspension, in place since March, can be applied for on bank loans to companies and individuals, including on household mortgages.

Originally due to expire in September, the scheme has already led to the postponement of 12 billion euros in interest and capital payments.


Comments:

I need good news daily and sports news daily


By Kazi Akhtaruzzaman from Lisbon on 15-05-2020 09:41

All to avoid having to tell the truth, which is that many of the banks are now bankrupt.

By John Dough from Lisbon on 14-05-2020 10:52
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