Nedbank commits to assist clients with cashflow challenges as a result of COVID-19

Media Release:

Image result for nedbank logoJohannesburg, 22 March 2020 – Nedbank understands that we have a responsibility to do all we can to play our part in reducing the impact of COVID-19 on our customers, our economy and our country. We are committed to supporting our clients during this time of uncertainty and have a number of solutions available to assist clients in good standing who are impacted by this pandemic.

We undertake to work with our clients to help them through this period of enormous challenge for all South Africans. This undertaking to work alongside and support our clients with suitable individual solutions to cashflow challenges they may experience as a result of COVID-19 extends to any loan agreement they have with us. This support could include deferring payments (or part thereof) for a suitable period, extending existing loan periods or extending additional credit to manage short term cashflow shortfalls.

Clients are encouraged to contact us on 0860 555 111 if they need to restructure their debt or change their payment arrangements as a consequence of COVID-19. We continue to work with our clients, regulators, industry bodies and government to mitigate the impact of COVID-19 and will provide further guidance to clients on these matters as they evolve.

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