Bulgarian c-bank approves extension of loan payment moratorium

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The Bulgarian National Bank said that it has approved the request of the local bank association to extend the deadlines of the current loan payment moratorium. The deadline for applying is extended to September 30, while the moratorium will be in force until the end of March 2021 – three more months than initially planned, the central bank said in a statement on Tuesday. Only borrowers who are no more than 90 days past due by March 1 can benefit from the mechanisms, which include a six-month postponement of loan principal and interest payments, a six-month postponement of principal payments only, and a mechanism for revolving loan facilities.

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