Will banks defer loans to businesses again?

06:24 Sat, 25 September

GEO

USD

$ 0.0000

EUR

€ 0.0000

GBP

£ 0.0000

RUB

₽ 0.0000

TRY

₺ 0.0000

AZN

₼ 0.0000

Bitcoin

42,445.6000

Ethereum

2,917.0400

Bitchoin Cash

519.7970

Litecoin

154.5560

XRP

0.9460

21.Oct .2020 11:30

Will banks defer loans to businesses again?

246

Back

Author:Natia Taktakishvili

Giorgi Shagidze, Deputy General Director of TBC Bank declares that there is no need for mass delay of loans. However, Shagidze confirms that banks are discussing loan delay/ restructuring with companies individually.

"Loans are discussed individually. As you know, liabilities were already delayed two times. So, there is no need for mass delay. But, banks are ready to talk about it individually”, Shagidze said.

However, companies involved in the tourism industry, are asking for a 6-month delay of loans. According to them, they do not have income amid pandemic and companies are not able to serve the bank liabilities.

TBC Bank laon delay