Lombard Bank COVID-19 Assistance to borrowing customers – 26.03.2020
Lombard Bank has allotted €12.5 million to provide temporary working capital requirements for business customers who are facing temporary liquidity shortages. The fund is offered on favourable terms at a fixed debit interest rate of 2.5% per annum for amounts up to €350,000 and for a period of 18 months.
For more information kindly access: https://www.lombardmalta.com/en/news-details/lombard-bank-sets-a-125-million-fund-to-assist-its-business-customers
The information provided does not constitute legal advice.
Should you require specific advice, please do not hesitate to contact us on covid19@vallettalegal.com