Nedbank Private Wealth commits to assisting clients with cashflow challenges as a result of Covid-19
Johannesburg, 23 March 2020 – At Nedbank Private Wealth, we understand that Covid-19 will have an impact on our clients, our economy and our country. We are committed to supporting clients during this time of uncertainty and have a number of solutions available to those in good standing who have been adversely impacted by this pandemic.
We are open to engaging with clients to help them through this period of enormous challenge for all South Africans. This undertaking to work alongside our clients with suitable individual solutions extends to any credit agreements they may have with us. The measures in place could include deferring payments (or part thereof) for a suitable period, extending existing loan periods or extending additional credit to help manage short-term cashflow shortfalls.
Clients are encouraged to contact their relationship managers should they need advice on solutions available to them as a result of Covid-19. We continue to work with our clients, regulators, industry bodies and government to mitigate the financial impact of Covid-19. We will also continue to provide further guidance to clients on these matters as they evolve.
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