Khaberni - Maher Al-Mahrouq, the general manager of the Banking Association, said that banks offer any citizen the ability to postpone one or two installments through a direct agreement between the client and the bank, indicating that this procedure is available to everyone and specific fees are imposed according to the central bank's instructions.
Al-Mahrouq added in radio statements that the decision to defer is determined by the bank according to circumstances and needs, explaining that deferral does not cancel obligations but postpones them, pointing out that previous deferrals during the Corona pandemic contributed to the creation of new financial obligations.
He explained that any postponement of a loan installment leads to an extension of the loan term by an additional month with arrangement of additional interest that varies depending on the type of loan and interest rate, confirming that the citizen can benefit from this procedure within the frameworks in place, with postponement fees ranging between approximately 10 and 12 dinars.
Al-Mahrouq pointed out that deferral entails financial costs borne by borrowers, as the funds belong to depositors and shareholders, emphasizing that there are no economic justifications at the national economy level for generally deferring loans without imposing additional fees or interests.
He clarified that the volume of facilities that were postponed for individuals during the Corona pandemic amounted to between 10 and 11 billion dinars, confirming that any decision to postpone installments is subject to the financial evaluation of the banks and the obligations of the borrowers.
