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Citibanamex offers to postpone payment to SME loans for up to 6 months

April 3, 2020

The bank will also implement a support program to promote entrepreneurship and job creation among vulnerable groups.

3 min read

Grupo Financiero Citibanamex announced that it will offer its clients to postpone payment for up to 6 months on loans for Small and Medium-sized Enterprises (SMEs), and also on other consumer loans, as support in the face of the health emergency due to the coronavirus COVID-19 .

Citibanamex offers to postpone payment to SME loans for up to 6 monthsCitibanamex offers to postpone payment to SME loans for up to 6 months

“At Citibanamex we recognize the effort of SMEs in Mexico and, in order to continue supporting our clients in the face of the circumstances arising from COVID19, from now on we make available to you the one that you can postpone payment of your SME Credit for up to 6 months. , no late interest charges, no late payment commission charges and without affecting your credit history at the Credit Bureau. ”said the bank.

Customers can consult validity, registration, terms and conditions applicable to each of the products at www.banamex.com/estamoscontigo

The benefit of postponing loan payments will also be available in the following products:

  • Credit card
  • Personal credit
  • Payroll Credit
  • Mortgage credit

On the other hand, Citibanamex announced its “Let Mexico not stop” program, with which it will support clients, employees and communities.

It consists of the social investment of 105 million pesos that will be dosed in three phases:

  1. Virus contagion or spread: Investment destined for medical supplies and treatments.
  2. Medical emergency: Supports for vulnerable groups, preferably minors, older adults and migrants, in the areas of medical care, food distribution, the setting up of shelters and initiatives that make aid more efficient.
  3. Economic recovery: Instrumentation of projects to promote productivity, entrepreneurship and job creation among affected groups: SMEs, people in job insecurity, young graduates or those with truncated studies, among others.

In the third phase, with which the economic recovery is sought, projects will be implemented to promote entrepreneurship and job creation among affected groups: SMEs, people in job insecurity, young graduates or those with truncated studies.

Citibanamex The National Bank of Mexico also indicated that 100 million pesos have been allocated for the care and well-being of its employees and retirees, as an extension of coverage of medical assistance centers and their service plans and medical insurance.

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