Singapore banks roll out virus relief measures for SMEs, retail customers

They include loan restructurings, principal moratorium and extensions of tenors for loans and trade finance bills

Published Thu, Feb 13, 2020 · 09:50 PM

Singapore

AS THE Covid-19 outbreak continues to rattle the region, Singapore banks have stepped in with relief measures to help businesses and retail customers.

DBS, OCBC and Standard Chartered on Thursday rolled out their respective relief packages - a day after UOB said it had allocated S$3 billion to provide Singapore-based companies, especially small- and medium-sized enterprises (SMEs), with relief assistance.

OCBC will offer targeted support to customers across its core markets affected by the virus outbreak, it said in…