Financial institutions flexibly respond to repayment delays for SMEs New Corona April 30 11:51

Financial institutions flexibly responded to requests, such as requests for repayment of debts from small and medium-sized companies whose cash flow became difficult due to the spread of new coronavirus infection, and more than 90% of the proposals that were reviewed last month In the summary of the Financial Services Agency, I found out that I took measures such as postponement of repayment.

Last month, the FSA urged financial institutions across the country to respond flexibly to debt grace and changes in repayment terms if small and medium-sized companies with tight cash flows requested it.

When the Financial Services Agency requested a report on the situation at the end of the last month, it was found that out of about 26,000 applications, about 10,000 of which had been reviewed, 99% responded to repayment delays and condition changes. It was

By the middle of this month, about 70% of the 16,000 cases that were being reviewed at that time were taken according to changes in conditions.

The government's cash-flow support policy will allow government-affiliated financial institutions, as well as private-sector financial institutions, to offer virtually no interest and unsecured loans next month.

The Financial Services Agency believes that harsh cash flow will continue, and continues to request financial institutions to actively respond to offers from SMEs, etc., and conduct on-site inspections as necessary.