DBS extends COVID-19 liquidity relief to SMEs, retail clients

Principal repayment moratoriums are available to those with good repayment histories.

DBS will offer liquidity relief packages to SMEs and retail customers affected by the coronavirus, according to a news release.

The bank will provide a six-month principal repayment moratorium for SME property loans, as well as an extension of import facilities of up to 60 days as an immediate cash flow support for businesses dealing with disruptions due to the outbreak.

These will be available upon request of clients with good repayment histories.

Similarly, affected retail customers in good payment standing can apply for a six-month principal repayment moratorium for mortgage loans. Further details will be shared on DBS and POSB Bank’s website from 17 February onwards.