Due to the adverse impacts of the COVID – 19 (coronavirus) pandemic on the economic performance, it can be expected that many entrepreneurs will need additional funding in order to be able to preserve liquidity and maintain employment this year.


Therefore, HBOR’s clients, who have been granted a direct loan, can take a moratorium from 1 April 2020 to 30 June 2020 on unpaid obligations maturing from 1 March 2020 to 30 June 2020 with a possibility of extension should the adverse impacts of the COVID–19 pandemic on the economy last for a longer period of time. So far, moratorium has been provided for more than 1000 clients of HBOR who have been informed accordingly.


The clients, to whom loans under HBOR’s loan programmes have been granted through commercial banks, have to submit their moratorium applications to their commercial banks. HBOR is willing to support any moratorium application submitted by clients to whom loans under HBOR’s loan programmes have been approved through commercial banks or under risk-sharing models.


Rescheduling of existing obligations

The clients have been offered a possibility to reschedule their existing loan obligations towards HBOR. The rescheduling includes the possibility of extending loan disbursement, grace and repayment periods by 6 months. Each client will individually negotiate rescheduling of its obligations according to its repayment potential. Clients will submit their applications for rescheduling of loans either to their commercial banks or HBOR, depending on the manner of approval of existing loans.