Nordea offers instalment-free periods for mortgage and small and medium-sized business customers in light of corona outbreak

Nordea offers instalment-free periods for mortgage and small and medium-sized business customers in light of corona outbreak
13.03.2020 10:56 am

Nordea offers instalment-free periods for mortgage and small and medium-sized business customers in light of corona outbreak

Banking

As the biggest bank in the Nordics, Nordea has a special responsibility to our customers and the societies during tough times. Nordea has decided to offer instalment-free periods to those personal and business customers in all Nordic countries who are in need of help because of the corona outbreak.

Nordea will offer personal customers and business customers an instalment-free period of up to 6 months on their mortgages. For small and medium-sized companies, Nordea will offer a 3-month instalment free period where needed and is ready to help our customers with other forms of relief.

“We are here to support our customers through good times and tough times as a strong and personal financial partner. The corona virus has spread quickly and it impacts the Nordic societies and our customers. That is why we have decided to install a set of quick actions to support personal customers and small and medium-sized businesses in the Nordics. It is even more important to help keep the Nordic economies rolling in these exceptional times”, says Frank Vang-Jensen, President and Group CEO Frank Vang-Jensen.

Personal customers who need an instalment-free period, can find information on how to apply on our webpages shortly. Small and medium-sized business bank customers can find more information through their normal banking channels.

Nordea urges corporate customers to immediately contact the bank, if they are expecting any changes to their regular operations. Nordea advises companies to draft realistic liquidity forecasts and clear cash flow budgets. If needed, Nordea has several courses of action and instruments available to help strengthen their working capital and liquidity.

“Nordea is a very well-capitalised bank with a strong balance sheet and it gives us a solid platform to help our customers. We are taking all the actions we can to help and advise our customers”, says Frank Vang-Jensen.

 

Related News

Metro Bank will waive overdraft interest on a temporary basis

Metro Bank announces that from 1 March to 30 June 2020, personal current account customers will not be charged any interest for using their overdraft. This will happen... Read more »

Sygnum Bank launches digital CHF token

Sygnum Bank announced the launch of its digital CHF token (DCHF). This CHF-pegged settlement token is the first to be issued by a regulated Swiss bank with a full digital asset... Read more »

ABN AMRO extends support measures for businesses affected by coronavirus

Last week ABN AMRO announced that, for Commercial Banking clients with a credit facility of up to 2.5 million euros, payment of principal and interest will be deferred... Read more »

Temenos Offers Customers Free Access to its Digital Learning Platform During the COVID-19 Crisis

Temenos (SIX: TEMN), the banking software company, today announced a free digital learning initiative, opening access to the Temenos Learning Community Online, its cloud-based... Read more »

CaixaBank will cancel rent payments on the homes it owns during the state of alert

CaixaBank, headed by Chairman Jordi Gual and Chief Executive Officer Gonzalo Gortázar, continues to help its customers and, as of April this year, will offer rental payment... Read more »

Revolut Business: 63% of SMEs haven’t switched business account provider in five or more years

Revolut Business, an innovative global business account built for growth, speed, ease and... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel