Mitigation: BK offers three-month moratorium, donates Rwf 282m for coronavirus hard-hit families

By IGIHE
On 4 April 2020 at 11:43

In response to the outbreak of coronavirus which is ravaging countries around the world and severely stomping the global economy, Bank of Kigali (BK) has announced a 3-month grace period on interest and/or principal to all businesses affected by the COVID-19 crisis.

The Chief Executive Officer of BK Dr. Diane Karusisi said that the intervention is meant to overcome financial difficulties occasioned by the coronavirus outbreak and reduce the strain on small businesses and individuals with an income flow that was also negatively affected.

“To our customers who want to continue servicing their facilities, the Bank will waive all late payment penalties on all Term loans (loans with monthly installments), including BKquick loans as well Credit card penalties for the months of March, April and May 2019,” Karusisi explained.

For customers who wish to continue servicing their facilities, the Bank will waive all late payment penalties on all Term loans (loans with monthly installments), including BKquick loans as well Credit card penalties for the months of March, April and May 2019.

For further assistance or advice, customers can reach out to their relationship managers or branch business managers.

In addition, Bank of Kigali has donated Rwf 282,000,000 to the government of Rwanda to support vulnerable families and communities affected by the crisis.

Bank of Kigali continues to provide banking services at all its branches but advises customers to use digital channels during transactions to stem the spread of coronavirus.

BK stands ready to support speedy economic recovery in Rwanda.


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