“We are monitoring and evaluating the situation very closely, we are in intensive contact with the CNB, bank and non-bank credit providers, non-profit organizations as well as business representatives,” Schillerová told the E15 daily.
This week, he wants to meet again with representatives of the Ministry of Industry and Trade and with banks, asking them to evaluate current information and statistics. “I will not anticipate the result at the moment,” the minister added.
The head of the Ministry of Industry and Trade, Karel Havlíček (for YES), spoke about the moratorium on Sunday. According to him, the postponement of installments would help entrepreneurs who had to close their premises due to government regulations.
“We are on thin ice, I would very much like to allow the affected segments to be postponed for another six months, for example, it would help immensely and I would like to do my best for it,” he said on Czech Television. According to him, business associations are calling for a moratorium.
However, the reintroduction of deferral of loan repayments could jeopardize the stability of banks, warns the Czech National Bank. According to Havlíček, this is an important factor that must be taken into account. Last year, the postponement was granted not only to entrepreneurs, but also to ordinary consumers, from the end of March to October. According to statistics from the Czech National Bank, 360,000 loans were deferred, with most clients returning to repayment in November.
As early as the autumn, the banks promised the Schillers that they would resolve the situation with the debtors individually and would be helpful in resolving their problems. “At the moment, it is true that the general legal moratorium is being replaced by individual agreements between creditors and debtors,” the minister confirmed.
“Clients who run into economic difficulties during the pandemic and their problems persist, take the opportunity to negotiate an individual agreement that will allow them to spread the agreed obligations into a larger number of installments or postpone the agreed installments for a certain period of time,” said Schiller.
The Czech Banking Association considers any such widespread measure to be unfortunate. “Individual solutions tailored to clients are proving to be the most effective,” emphasized the head of Česká spořitelna, Tomáš Salomon, who is also the president of the banking association.
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