Picture: KEVIN SUTHERLAND
“We expect elevated applications for some time still given expected slower ‘opening up’ realities. Many customers took their time to explore options,” says FNB CEO Jacques Celliers.Absa said on Monday thatto R5.8bn in cash flow over three months for customers who have been hit by Covid-19. “As a result, we have structured our assistance at prime interest rates to alleviate the financial burden and give customers the flexibility to repay the facility over flexible terms,” Celliers said.
“The government guarantee is expected to go live in the next few days once all legal arrangements have been put in place. Operationally, [our] teams are ready to start taking applications,” said Celliers.
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