The Central Bank of The Bahamas (CBOB) has made special arrangements with domestic commercial banks and credit unions to allow borrowers in good standing to benefit from a three-month deferral on the repayment of their loans, the CBOB announced today. However, the Bank noted that interest would continue to accrue over this deferral period and stressed that borrowers who can afford to keep up with loan payments should continue to do so. “Some financial institutions have already announced credit support that could extend beyond three months,” the bank said in a statement.

Click here to read more at The Nassau Guardian