Loan extension relief

31 Mar

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The Qatar Central Bank has issued a circular number 5 on the 22nd of March 2020 requesting all banks in Qatar to postpone all payments installments and interest for six months period. This program covers only companies that have affected by the COVID-19 outbreak. There is no precise mechanism about the process. However, you have to submit the file that proves the subject matter to your bank, and the latter will study the file worth the credit Committee within a maximum of 14 days. Afterward, the bank will get back to you with the decision (acceptance or rejection).

Read 2647 times Last modified on March 31, 2020

Antonio Ghaleb

Antonio Ghaleb is accredited in Qatar and holding the auditor’s registration number 348. Also he is a member of the following institutions: a) American Institution of Certified Public Accountant (AICPA), b) Guam Board of Accountancy, c) Certified in Risk Management Assurance “CRMA”, d) Chartered Global Management Accountant designation “CGMA”, and e) International Financial Reporting Standards (IFRS).

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