they extend until April suspension of the collection of commissions

The BCRA also extended until March 31, 2021 the possibility of passing on the unpaid installments of the loans (except Credit Card financing) at the end of the life of the loan, accruing only the compensatory interest rate contractually established, and without applying any extra charge.

"The BCRA provision also maintains until March 31 the decision that increases by 60 days the default periods admitted for levels 1, 2 and 3 for both the commercial portfolio as for consumption or housing? and suspends the mandatory recategorization for the "Classification of debtors" ", detailed the Central in a statement.

Finally, it was decided to maintain the suspension of the distribution of results of financial institutions until June 30 of next year.

All these decisions are part of the package of measures adopted by the monetary authority at the end of March, when they began to apply r the measures to limit contagion by the coronavirus pandemic (Covid-19) and which, since then, have been extended successively.

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