This country’s commercial banks report a strong response from businesses and individuals to their offer to ease mortgage and other loans payments due to the disruption of business activity and the loss of jobs as a result of the COVID-19 pandemic response measures.

The financial institutions have offered a moratorium of up to six months on loan re-payments and head of the Barbados Bankers Association Donna Wellington tells Starcom Network news a lot of companies and individuals are taking them up on it.

Those from the hard-hit tourism sector among the first to make use of the ease.