Latest news and stories about loan moratorium in Portugal for expats and residents.
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Crédito Agrícola has 616 loans under moratorium due to the bad weather that primarily affected the central region, totaling 124 million euros, according to an official source speaking to Lusa. As of March 5, the bank had 616 loans under moratorium following several low-pressure systems and storms that hit Portugal.
Major banks are facilitating the application process for clients impacted by storm Kristin, enabling them to suspend loan payments for a period of 90 days, with the moratorium set to last until 28 April.
BPI today welcomed the measures announced by the Government to support families and businesses affected by Storm Kristin, including loan moratoria, calling them immediately feasible and adding that further measures are expected after a more thorough assessment of the damage.
