Moratoriums on temporary deferral of credit obligations extended until 30 September

Šiaulių Bankas, together with other Lithuanian credit companies, by mutual agreement extended the moratorium on temporary deferral of credit obligations to private and business customers affected by COVID-19.

The moratorium on assistance to private customers undertakes to allow all private customers to defer their mortgage payments for up to one year, whereas leasing and consumer loans could be deferred for up to six months, without changing the terms of the agreement or interest.

Following the extension of the moratorium on corporate customers, banks have extended the obligation to defer loan payments to companies for up to 6 months without changing agreement terms and interest rates. During this deferral period, companies will only have to pay interest or other periodic fees. The moratorium applies to business loans totalling up to EUR 5 million per group of companies and which have not had significant delays in the last one year.

Both extended moratoriums are effective until 30 September 2020.