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Important Measures

FSC asks banks to ease loan repayment terms for borrowers affected by COVID-19

2020-04-14
To ease the loan repayment difficulties of those affected by the COVID-19 outbreak, the FSC on February 18, 2020: (a) requested that the Bankers Association of the Republic of China (BAROC) instructs its member banks to institute a debt workout mechanism for borrowers who have problems repaying loans due to the impact of the outbreak; and (b) asked BAROC to collect information on the loan products and debt workout measures provided by all banks, post this information to a special page on its website, and provide the relevant URL(www.ba.org.tw/PublicInformation/BusinessDetail/45) for the reference of consumers. As to relief mechanisms for corporate entities, upon each industry''s competent authority has launched a debt relief mechanism, the FSC will ask the BAROC to inform its member institutions to help carry out the mechanisms accordingly.

 
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  • Update: 2020-04-14
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