Press release - The Crédit Agricole Group is taking targeted measures to support its business and professional customers whose activity would be impacted by the Coronavirus. These measures are aimed at seeking, on a case-by-case basis, with their customers, solutions adapted to their cash flow needs:
- allow for a deferral of credit repayments for up to 6 months;
- to introduce a fast-track procedure for granting credit in less than 5 days for the most urgent situations;
- Eliminate penalties and additional costs for customer extensions and credit extensions;
- accelerate the terms and conditions for handling claims from insured customers.
Dominique Lefebvre, Chairman of the Crédit Agricole Group, said: « The Crédit Agricole Group, the leading financier of the French economy, is committed to helping businesses and professionals get through this period. Being by their side, helping them to cope, is proof of our usefulness and raison d'être : To act every day in the interest of our clients and society».
Source: Crédit Agricole Website