21.Oct .2020 11:30

Will banks defer loans to businesses again?

Will banks defer loans to businesses again?
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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.