Gibraltar banks extend assurances that they will support the local community with the impact of COVID-19. NatWest International, Gibraltar International Bank and Jyske Bank asked customers to contact them as early as possible to talk about support plans due to the pandemic.
In a statement, Jyske Bank said “during these challenging times, it is vital that clients maintain a close relationship with the bank”. Self-employed individuals will be especially impacted either by illness or a sharp drop in business.
Gibraltar International Bank advises its business and personal customers to contact the bank if they have any COVID-19 worries so the bank can decide what way the bank can provide support.
Natwest International said it is “committed to supporting viable businesse in continuing to trade while they implement their contingency plans”. The bank has gone so far to as to say they will grant new or increased working capital facilities to support trading businesses and up to six months capital repayment holiday on variable lending. They intend to work with the Government and even offer temporary emergency loans with no fees.
The banks of Gibraltar are reaching out to their valued customers and appear to be a “rock” in unsafe times. Some welcome good news in a world facing tragedy.