Macroeconomy/Finance

Loan rescheduling in the banking sector increased by 51.2%

According to data from the Financial System Regulatory Authority (ASFI), as of May this year, the financial system was reprogrammed with Bs 5.8 billion ($834 mn), almost double the amount readjusted in 2019. The growth occurs in challenging context due to the health emergency that the country is experiencing due to the coronavirus pandemic, in which the Legislative Assembly approved bill 720/2019 for the automatic deferral of credit payments to banks until December 31 this year.

Source: El Deber