The bank stated in a press release that the directed financial support plan consists of a financial appropriation of up to 50 billion dirhams allocated from central bank funds to grant loans and advances at zero cost to banks operating in the country Covered with guarantee.
The statement added that the other part of the plan, estimated at 50 billion dirhams, will be freed from the additional preventive capital of banks, stressing that the country's banking system has sufficient capitalization as the banks retain With additional voluntary capital for minimum regulatory requirements.
He pointed out that the reduction in this preventive capital was not taken into account for the purposes of calculating the total size of a comprehensive economic support plan directed at what banks are expected to maintain in sound and treated lending standards All of its customers are fair.
Al-Markazi explained that the purpose of the plan is to facilitate the provision of temporary exemption from principal payments and interest on existing loans to all private sector companies and individual affected clients in the state. >
