BNF Bank introduces new measures to assist clients and businesses

BNF Bank has introduced further financial measures to assist personal clients and businesses amid the current COVID-19 crisis.

In order to assist personal clients whose incomes have been adversely affected by the COVID-19 crisis, BNF will be accepting moratorium applications for up to nine-months on Home Loans, Buy-to-Let and / or Personal Loans, according to normal banking considerations. The Bank invites its clients to download the application from the BNF website and send a signed copy via secure message to the Internet banking portal of the Bank.

BNF will extend the financial rebate measure related to ATM withdrawals of local bank branches, until the end of April 2020. 

Recently, BNF informed customers of revised tariff entries on services provided by the Bank with effect from April 15, 2020. Due to the present emergency, BNF will be postponing a large part of the revision until July 15, 2020. Tariff discounts, however, will be out into effect from April 15, 2020, as this is considered a measure that will benefit customers.

The Bank added that it understands that this outbreak is having negative consequences for businesses and companies and will be offering working capital assistance to clients who have temporary financial liquidity problems. Customers with loans under Business Accelerate can contact the Relationship Manager to get started with the application process. Customers with loans under the Micro Business can apply for a nine-month moratorium on the down payment on the loan.

The Bank will not be taking a processing fee for the abovementioned claims related to a moratorium and assistance for working capital.

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