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Payment deferral for private individuals and companies: update April 30.
The consequences of corona, the lockdown of important economic sectors and temporary technical unemployment continue to be felt by the banks, even four weeks after the announcement of the payment deferral measures. Banks continue to grant deferment of payment to private individuals and companies who meet the conditions and contact their bank.
As is known, private individuals can request a deferment of payment for their home loan for a maximum of six months. Viable companies and self-employed people can benefit from a deferral of capital payments until October 31, 2020. Additional credits also remain possible for companies in payment difficulties.
Banks are thus responding to the call of Minister of Finance Alexander De Croo to keep the credit tap open in the coming weeks and months for companies and private individuals that are in danger of experiencing financial difficulties due to the consequences of the corona crisis.edrijven en particulieren die in financiële moeilijkheden dreigen te komen door de gevolgen van de coronacrisis.
On April 30, the banks had granted more than 90,000 private individuals a deferment of payment for their home loans.
This concerns a total underlying credit volume of 10 billion euros or an average of 105,000 euros per loan.
To date, banks have granted more than 115,000 deferments of payment for business loans. This concerns a total underlying credit volume of 17 billion euros or an average of 145,000 per credit for companies.
In the meantime, the guarantee scheme has also been activated for all new loans and credit lines with a maximum term of 12 months. The first figures show that in April banks provided more than 17,000 new loans to companies (with and without a state guarantee) for an amount of just over 4 billion euros.
De bedragen van de kredietproductie in maart en april 2020 zijn gestegen met meer dan 5% vergeleken met dezelfde periode vorig jaar.
In particular, 15,894 loans were provided to SMEs (including the self-employed) and 1,565 loans to large companies, each worth approximately EUR 2 billion.
These figures, which relate to loans with and without a state guarantee, show that the credit tap remains open for both small and large companies, even during this crisis period. The share of credits that benefit from the federal state guarantee is still limited at this stage, taking into account the fact that the official publication of the Royal Decree only took place on April 15.
Financial institutions continue to handle questions about payment deferrals and new business loans. The banking sector once again calls on private individuals and entrepreneurs to contact their bank immediately if payment problems threaten. Together we can find a solution.
The share of contactless card payments has increased enormously. Contactless payments are becoming increasingly common. Since the limits were increased, more than 1 in 4 card payments are processed contactless. 29% of card payments were contactless in April. This represents a doubling compared to February of this year (16%).