Lallemand Legros & Joyn (Belgium): COVID-19 Measures in the Banking & Finance Sector

The Belgian Government, the Belgian Financial Market Authority (FSMA) and the National Bank of Belgium (NBB) have taken the Following financial measures in the context of the coronavirus crisis:

  1. The Belgian government, the NBB and the financial sector have reached an agreement in order to provide viable non-financial businesses, self-employed individuals, and mortgage borrowers, experiencing payment problems due to the coronavirus crisis, with a deferral of payments until September 30, 2020 without charge.

For its part, the Belgian government will activate a guarantee for all new credits and credit lines of a maximum duration of 12 months that the Belgian banks will grant to non-financial companies and viable self-employed persons. MORE.

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