Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited (RFHL) has announced an offer of Loan Repayment Deferment for Customers and Staff of the Bank for a maximum period of six months in response to the Covid - 19 pandemic.
The Loan Repayment Deferment offer is currently available upon request.
Customers can apply for this offer by contacting their respective Branch/Corporate Managers or Relationship Officers by telephone, email or completing an online deferment offer form available from 27th March, 2020 on the website of the Bank – www.republicghana.com
In addition, the Bank has also introduced automatic waivers until 30th June, 2020 on the following:
➢ Excess fees
➢ Late fees on loan repayments
According to the Managing Director of the Bank, Mr. Farid Antar, Republic Bank recognizes the economic effect of social distancing which has become necessary to stem the spread of the virus.
“As a Bank with a heart, we recognize that these are critical times for everyone, with an expected high pressure on cash flows for both individuals and businesses.
"We have therefore taken a bold decision to offer a loan payment deferment option to our Customers and Staff. This we believe will cushion their cash flows in order to support them to take all precautionary measures needed to protect their families and themselves from the spread of the virus,” the Managing Director added.
Mr. Antar also recommended that Customers of the Bank, limit the use of the Banking Halls and instead, utilize the digital channels (internet banking, mobile money push and pull, *414#) or conveniently located Blue Machines (ATMs) for their banking transactions as part of the social distancing measures.
He also took the opportunity to urge staff, customers and the general public to take all precautionary measures to protect themselves and families against the coronavirus.
Latest Stories
-
61 new architects acquire state license to practice in Ghana
10 mins -
Masloc CEO honoured as capacity building Shero of the Year
19 mins -
MPs’ Repeated Attempts to Sue the Speaker: Unintended Consequences for the 2024 Elections?
23 mins -
Today’s front pages: Tuesday, November 5, 2024
33 mins -
Galamsey: Investigation into attack on Joy News’ Erastus Asare and colleagues already growing cold
1 hour -
Mahama promises construction of stadia in all 16 regions if elected
1 hour -
Dampare has transformed Police training school – Bawumia
1 hour -
America braced as two stark visions collide on election day
1 hour -
NAPO urges Ghanaians to support NPP’s vision for national development
2 hours -
About 95% of PWDs in Obuasi have source of livelihood – MCE
2 hours -
Immigration Service intercepts 54 gallons of fuel
2 hours -
Election 2024: Roman Fada selected as flagbearer for Ghana Freedom Party
2 hours -
Bawumia to launch Ghana’s credit scoring system on Nov. 7
2 hours -
Alan to combat galamsey with strategic youth-centred business model
2 hours -
Agona Swedru chiefs commit to ending child marriage within their jurisdiction
2 hours