Citu said the protective measures would apply to all types of loans and across the banking system. Clients would have to require banks to postpone loans repayments. The minister said interest would not accumulate and debtors would not be forced to make several months’ loans repayments immediately after the 9-month delay.
Tuesday night, Citu said the finance ministry was working on the details of a solution agreed with the central bank and lenders to helps consumers in financial difficulty to to the coronavirus pandemic postpone their loan repayments for longer than three months.
He said the solution would cover both individuals with loans and companies.
The central bank’s board held an emergency meeting Tuesday evening to clarify technical norms banks would have to follow in postponing customers’ loan repayments. Banks would not be required to set up provisions for the amounts not collected during the moratorium.