DAILY COVID-19 – Moratoriums

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Moratoriums for publicly guaranteed claims may be extended for another 9 months

Esthed until 31 March 2021

Bank loans with public guarantee, taken from March 27, 2020, may request the extension of the moratorium period for another nine months, and will have to report their participation to the bank by march 31.

Thus, credit transactions benefiting from guarantees granted by mutual guarantee companies or the Mutual Counter-Guarantee Fund, under the various protocols concluded between banco Portuguese de Fomento, at the time, SPGM, credit institutions
to them and mutual guarantee companies (Protocols), may benefit from an extension of, up to nine months, the periods of capital grace of the credit operations contracted, by means of a communication of adhering.

Source: Decree-Law No. 22-C/2021 – DRE

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