BlueOrange supports the delay of base loan repayments for companies
May 05, 2020
The Bank will now have an option to delay the base loan repayments for up to six months on receipt of the companies' respective application.
BlueOrange joins the moratorium developed by the Finance Latvia Association in cooperation with its members, which provides for bank clients — legal entities suffering from short-term financial difficulties due to COVID-19 — the possibility to delay payment of their base loan repayment sum for up to six months.
Detailed information on the conditions of the moratorium is available in the home page of the Finance Latvia Association.
The moratorium has been agreed with the Financial and Capital Market Commission, and has also been reviewed by the Competition Council of Latvia after consultations with the European Commission. Banks therefore harmonise their actions and provide increasing support to their clients.
Additional information — On temporary non-legislative loan payment moratorium for legal entities.