THE MORATORIUM FOR CORPORATE LOANS AS PER AUGUST 2020
Caribbean Mercantile Bank N.V. appreciates your business and is committed to supporting its customers as much as possible during these trying times.
Taking into consideration the current state of our economy and to ensure that we are appropriately meeting the ongoing needs of our Commercial Customers, a new approach will be taken to regularize repayment of outstanding loans.
Please note: Commercial Clients that participated in the Moratorium for principal and interest relief will need to commence repayment of their loans as per September 2020.
The Moratorium will be replaced by a case by case review with each customer to examine the impact the current business environment has had on your business and Managements response. For those companies that require financial assistance, feel free to contact your respective Account Managers for further handling of your request(s). Whether you need restructuring or additional financing, we will be more than pleased to consider your request.
We once again appreciate and thank you for the banking relationship we have and for the business received from you.