Reserve Bank of Malawi, banks agree on new moratorium

Beyond FM

The Reserve Bank of Malawi (RBM), commercial banks and telecommunication companies have reached an agreement for the financial players to extend a moratorium on services up to December this year.

This means that the players will maintain cushioning measures employed on loan repayment and restructure existing ones to cushion the business community and the citizenry from the economic impact of Covid-19.

In April this year, commercial banks led by the Central bank provided a three months moratorium on loan repayment to clients which came to an end in July.

Beyond FM