British Virgin Islands Business News

The analysis of the latest events in BVI and worldwide, affecting BVI business environment; facts and statistics on BVI International Business Companies involved in global business activities.

Monday, October 16, 2017

National Bank Suspending Loan Payments

The National Bank of the Virgin Islands announced that it would put a three-month suspension on payments for all personal, residential and commercial loans, in connection with Hurricane Irma. The customers having personal loans are not required to take any action, while persons with residential mortgages and commercial loans are required to fill out and sign a form confirming the status of their property and/or business, insurance claims, and future intentions.

All payment moratorium requests are to be submitted to the Bank by October, 27, while those who wish to continue payment need only contact the bank. 

The National Bank will also host a series of community outreach sessions aimed at facilitating customers who want to take advantage of its loan concessions.

Labels: ,


Post a Comment

<< Home