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LONDON, March 10 (Reuters) - UK bank Barclays said
on Tuesday it was contacting business customers affected by
coronavirus to offer its support, with a package of measures
including delaying repayments on existing loans over 25,000
pounds ($33,000) for 12 months.
The bank is also offering extended or new overdraft
facilities and other working capital solutions to support
affected businesses, it said.
Barclays has also said it will waive penalty charges for
customers who wished to access fixed savings accounts early and
it would accept applications for temporary increases on credit
card limits to help relieve pressure on cash-strapped customers.
"Our network of relationship managers has been reaching out
to SMEs across the UK to see if they require additional support
during this time, as we do regularly when we see any events
which may have an impact on our clients," Ian Rand, chief
executive of Barclays Business Banking, said.
"Barclays is ready to help, whether that's with managing
cash-flow or any other support, and we encourage any customer
who needs guidance to call us or contact their relationship
manager."
($1 = 0.7697 pounds)
(Reporting by Sinead Cruise, editing by Iain Withers and Susan
Fenton)
Barclays (BARC)
