Macau-based Portuguese bank BNU has reaffirmed its determination to help its private and corporate clients tackle the impact of the COVID-19 pandemic on the local economy.
BNU, one of Macau's two note-issuing banks, said in a statement this week that it has developed a set of anti-epidemic initiatives to help its clients, small- and medium-sized enterprises (SMEs) in particular, tackle the pandemic's adverse economic impact.
The statement lists a raft of support measures, such as a principal payment grace period for up to six months for individual loan clients; an anti-epidemic loan package for SMEs; a range of e-payment solutions including "Huawei Pay"; joint promotions with various partners including New Yaohan, Fortress, Mannings, St. Regis; donations to local associations to lessen the pandemic's financial burden on the community; and the provision of donation accounts for Macau's Portuguese-speaking communities to collect funds to help their respective countries fight the novel coronavirus epidemic.
BNU, which was set up in Macau 118 years ago, is owned by Lisbon-based bank CGD Group.
