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Press Release 05 August 2020

HKAB Welcomes Banking Sector's 90-Day Repayment Deferment for Trade Facilities under Pre-approved Principal Payment Holiday Scheme



(5 August 2020) The Hong Kong Association of Banks (HKAB) welcomes the 90-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme by the Hong Kong Monetary Authority (HKMA) and the Banking Sector SME Lending Coordination Mechanism. Member banks will render full support in helping enterprises cope with operational challenges in this difficult economic environment.

The HKAB encourages corporate customers in need to contact their banks, and prepare the relevant financial and operational information. The banks will process requests related to principal repayment deferment in accordance with the guidelines set out by the HKMA, and will provide timely support to help enterprises ride out this difficult time.

The Hong Kong Association of Banks

 

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