João Pedro Oliveira e Costa said: “We are working hard to develop robust solutions to support major viable companies.”
The executive chairman of BPI said on Monday that banks are working with the authorities to find solutions for the industries most affected by the crisis, and that they should not start repaying credit now.
João Pedro Oliveira e Costa said at the press conference: “We have been working with various stakeholders to find the most suitable solution, and focus on the most affected sectors and families. “the first season.
He said the goal is to find a solution that “does not adversely affect the bank, does not prevent support for the economy” or that has no negative effect on customers.
“We are developing powerful solutions to support major viable companies. At this most important moment, these solutions should be resolved as soon as possible. At this stage, you must be patient. We are all working hard. I don’t have him to add. Say.
Last week, Economy Minister Pedro Siza Vieira stated that the government is preparing a solution to extend and ensure that there is a “shortage” in the moratorium on the sectors most affected by the pandemic. In addition to credit, these sectors should be guaranteed by the state.
Government officials said at a hearing of the Economic, Innovation, Public Works and Housing Committee that the model “should be passed, that is, through the state’s ability to guarantee the ability of part of the credit owed. Suspended to extend the repayment period of these credits, And ensure a “grace period.”
He explained that the purpose of this is “the company should not immediately concentrate its cash flow on repaying debt.”
Among the entities working on this subject is Banco de Portugal (Banco de Portugal).