Qatar Central Bank Circular No. 5/2020 dated 22/03/2020
Loans and Liabilities of sectors affected due to Procedures taken to combat the spread of Covid-19
Type
Regulatory
Agency
Qatar Central Bank
Issued on
22 Mar 2020 (corresponding to 27 Rajab 1441 H)
Jurisdiction
Qatar
Taxonomy
Financial Services & Activities, Lending & Security, Public Health
To: All Banks operating in Qatar
Subject: Loans and Liabilities of sectors affected due to Procedures taken to combat the spread of Covid-19
Within the framework of the efforts taken by the State to combat the covid-19 virus and in support of the decisions issued by the Supreme Committee for Crisis Management, the following has been decided:
All banks operating in Qatar shall postpone the repayment of loan installments due and interest / returns on those loans for the affected sectors, for a period of 6 months from 16/3/2020 for desiring customers with low interest / return and without charging any commissions or delayed fees and without any adverse impact on their credit rating.