March 2020 – Hamburg Commercial Bank Joined the vdp Amortization Moratorium on Commercial Property Mortgage Loans
The consequences of the COVID-19 pandemic pose massive challenges for almost all companies in Germany. As a contribution to overcoming the crisis in the real estate sector, the vdp Association of German Pfandbrief Banks, together with its member institutions, has developed an Amortization Moratorium on commercial property mortgage loans. It is important to us to support our customers in the current exceptional situation, so we have joined this moratorium on repayment deferral.
The key data of the Amortization Moratorium as well as the main conditions for possible deferrals due by the end of October
We will do our part to help your company cope well with this challenging time. To receive further information we request our clients to contact their relationship manager.