Coronavirus: over 270,000 payment deferrals granted to individuals and businesses in Belgium
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Coronavirus: over 270,000 payment deferrals granted to individuals and businesses in Belgium

Since the start of the novel Coronavirus epidemic, banks have granted about 270,000 loan payment deferrals to individuals and businesses, according to the latest Coronamonitor from the Belgian financial sector federation, FEBELFIN.

Since 31 March, such deferrals have been granted for 120,664 mortgage loans, 7,537 consumer loans, and 140,362 corporate loans, FEBELFIN disclosed in its report, published on Friday.

Borrowers had until the end of September to apply for payment-deferral extensions. These are valid until the end of the year at the latest.

Deferred corporate-loan payments correspond to a total underlying loan volume of 24.2 million euros, at an average of 172.731 euros per loan. Over 80% of these deferrals were awarded to small and medium-sized businesses and self-employed workers.

Deferred payments on mortgages correspond to an underlying loan volume of 12.6 million euros, an average of 104.255 euros per loan.

The 7,537 deferrals on consumer loans, for which applications were authorised between 20 May and 31 July, corresponded to an underlying loan volume of 157.6 million euros.

The Brussels Times