Covid-19: Bulgaria central bank approves extension of loan repayment moratorium

Covid-19: Bulgaria central bank approves extension of loan repayment moratorium

Bulgarian National Bank (BNB) said on December 11 that it has approved the measures proposed by commercial lenders to extend the private moratorium on loan repayments, introduced in April in light of the Covid-19 pandemic.

The moratorium was meant to allow a delay in loan repayment without changing key criteria, such as the interest rate. Under the extension approved by BNB, the maximum allowed delay is now nine months (up from six months) and the end date of the moratorium is pushed back by one year to December 31 2021. The deadline for applications is March 23 2021, with banks given until March 31 2021 to approve applications. Loans that previously benefitted from the moratorium can be subject to a new payment delay, but no more than nine months in total – that is to say, if a loan had been previously granted a delay of six months, it can only receive a further three months under the expanded moratorium.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.