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Good payers given the right to defer loan payments

Bulgarian National Bank
Photo: Ani Petrova

The management board of the Bulgarian National Bank has approved a procedure for deferring and settling outstanding liabilities to commercial banks in light of the state of emergency introduced in Bulgaria on March 13, 2020. According to the document, credit obligations could be deferred for up to six months because of the Covid-19 crisis. 

Applications for deferrals may be submitted by 22 June. Three deferral options are provided. Only good payers will be able to exercise the right to defer credit payments.




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