MFG BACKS THE POSITION OF THE BULGARIAN ASSOCIATION OF CONSUMER CREDITING
21.04.2020

BACC
Due to the COVID-19 pandemic we are currently facing an unprecedented world crisis and we are yet to experience its consequences as a business, and as citizens.

The Bulgarian banks already announced a moratorium over the repayments on credits in relation to COVID-19, which the entire sector supports unquestionably and unanimously. These measures address quite logically the bank loans as is the unanimous position of both the Bulgarian National Bank and the European Banking Authority.

As responsible companies equally concerned about the health and security of the community on one side and the economic prosperity and stability of the country on the other, the members of the Bulgarian Association of Consumer Crediting (BACC), among which are leading financial institutions, already announced measures to facilitate those clients – both physical and legal entities, who experience difficulties as a result of the COVID pandemic. Empathy and entrepreneurship are deeply rooted in our corporate culture of the BACC member. For all of us it is of greatest importance to overcome this extremely difficult for citizens, companies and us situation, but also to ensure the survival of the small and middle businesses in the country, which are the backbone of any economy.

We have all proven ourselves to be socially responsible corporate citizens, who understand fully the needs and challenges in front of our customers. Our realized duty is to show real responsibility, unity and care for the community and also to support our troubled fellow compatriots. Only together and with premeditated joint efforts will we find the best way out of the difficult reality we are all facing – both citizens and companies.
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