Article by Social Share
Port of Spain – The Central Bank of Trinidad and Tobago (CBTT) has announced a new moratorium on the regulatory treatment of payment deferrals or restructured loans due to the measures put in place by the authorities here to curb the spread of the coronavirus (COVID-19) pandemic.
In a letter sent to all institutions licensed under the Financial Institutions Act and copied to the Bankers Association of Trinidad and Tobago and the Institute of Chartered Accounts of Trinidad and Tobago (ICATT), the CBTT said that it notes “with concern the difficulties currently being faced by our national community as we face the effects of the ongoing pandemic and the potential hardship that it presents to customers of financial institutions”.