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COVID-19 - Impact on Financial Sector - 24 April 2020

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24/04/2020

Please find below a summary of COVID-19 developments relevant to our clients; these alerts are dedicated to following up on the financial  regulators’ responses to the crisis. We have also created a COVID-19 Resource Center to offer legal and business insights as this crisis continues to evolve. We wish you and your loved ones well.

If you have any questions please feel free to contact: 

Tom Van Dyck
+32 475 90 90 91
t.vandyck@liedekerke.com

Freya Mareels 
+32 475 25 11 50
f.mareels@liedekerke.com

Wim Dedecker
+32 491 36 03 99
w.dedecker@liedekerke.com

 

24/04/2020

Banks grant more than 160,000 payment delays to individuals and businesses in 3 weeks time

Febelfin today published some figures relating to the payment deferral measures. Three weeks after the publication of the measures, individuals and companies continue to rely on banks in large numbers. Individuals can apply for deferred payment for their home loan for up to six months if they meet certain conditions. Viable companies and self-employed can be deferred until 31 October 2020. For companies that are experiencing payment difficulties, additional credits are available. For more information, see our FAQ.

     
23/04/2020

EIB backs €5 billion investment to mitigate economic impact of coronavirus and support medical technology

The EIB approved €5 billion of new financing for businesses hit by the economic shock and for medical technology. The financing is part of the EIB’s quick response to the coronavirus crisis and its economic effects. It includes €3 billion dedicated for companies in Italy and Spain, two countries most impacted by the corona virus.

The EIB Board also agreed measures making it possible to extend existing EIB loans in view of the economic impact of the coronavirus crisis, up to a total of €5 billion.


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