03 April 2020 – Finance Minister announces loan repayments can be deferred up to 9 months

Type of Intervention: Financial and Economic
Sectors Involved: Finance/Economy
Intervention Categories: Legal and policy; Regulatory change
Level of Jurisdiction: National
Lead People/Agency: Prime Minister Igor Matovic, Finance Minister Eduard Heger

Overview: Bank clients will be able to apply for the deferral of loan-payment instalments by a maximum of nine months during the coronavirus pandemic, and banks will be obliged to agree to this under the specified conditions and won’t record these clients as defaulters. Meanwhile, the limit for contactless payments without the need to enter PIN numbers should increase from the current €20 to €50 as soon as possible.
Full details here: https://www.tasr.sk/tasr-clanok/TASR:20200403TBB00490

Other links: 1
Type of Justification: Perception of an increased threat
Source of Evidence or Justification: National – government, National – other
Evidence/Justification: An agreement reached with banks.