Banks give borrowers more time to settle dues

Heeding the central bank’s call, lenders gave their qualified customers more time to settle their obligations in light of the month-long “enhanced community quarantine” imposed on Luzon.

This is according to advisories from BDO Unibank Inc. (BDO), Metropolitan Bank and Trust Co. (Metrobank), Bank of the Philippine Islands (BPI), Security Bank Corp. (Security Bank), Rizal Commercial Banking Corp. (RCBC), Union Bank of the Philippines (UnionBank), East West Banking Corp. (EastWest), Philippine Savings Bank (PSBank), China Bank Savings (CBS) and RCBC Bankard.