The Bank of East Asia

Corporate Banking

Pre-approved Principal Payment Holiday Scheme

Pre-approved Principal Payment Holiday Scheme

To provide relief to businesses affected by the outbreak of COVID-19, we are offering eligible corporate customers a pre-approved holiday on principal payments.

Covered Borrowers

Corporate customers which:

  • have, as an entity, an annual sales turnover of up to HK$800 million, according to their latest financial statement;
  • had no outstanding payments payable to the Bank which were overdue for more than 30 days as at 1st May, 2021 1; and
  • are not in the process of ceasing operations or declaring bankruptcy or liquidation 1.

Payments Covered        

Principal payments for all bilateral loans drawn before 1st May, 2021 that are due within 6 months of that date 2.

Payment Holiday

6 months beginning from the original due dates of the payments covered, except trade facilities for which the payment holiday period is set at 90 days 3.

Hotline

2211 1469

Remarks:

1 Also applies to loans for taxis, public light buses, and relevant commercial vehicles held in the name of personal customers.

2 Syndicated loans and loans financing the purchase of shares and other financial assets are not covered by the Scheme.

3 For facilities which are self-liquidating in nature, the Bank may require the loan to be settled when the underlying payment has been received by the covered borrower.