Coronavirus, Itaú adheres to the new government rules and extends payments on credit contracts.

Due to the new coronavirus pandemic, several companies are adopting actions to try to help in this time of crisis when the economy is one of the biggest affected. Observing this situation, Banco Itaú adhered to new government rules.

More than 140 thousand credit agreements were extended for individuals and legal entities within the bank. This number is practiced since the announcement of the coronavirus pandemic measures with social isolation.

According to the federal government, there are more than 10 thousand requests daily. Which is agreed by different lines that are part of the attitude defined by the institution, they are working capital, personal credit, real estate credit and vehicle financing.

In a note sent to the press, Itaú Unibanco details that with this attitude, current operations are able to extend the next installment of loans already opened for 60 days, thus maintaining the same rate contracted in principle.

Those customers who are in default or who want to take out a new loan are not eligible for this benefit. In addition to this audience, we also observe those who have contracted other lines of credit, such as a special check.

Also according to Itaú, this attitude was taken as an emergency measure. According to the bank, the purpose is to provide flexibility in paying debts at this challenging time in the economy.

For the director of PF Products at Itaú Unibanco, Flavio Iglesias, the measure was implemented just under a month ago and the bank hopes that more people can join the offer. This way, covering more customers with the new solution.

In addition to the debt extension, Itaú joined the emergency fund to finance the payroll of small and medium-sized companies for the next 2 months.

This is part of a series of attitudes that are being developed by the public and private sector. The federal government is highlighting the approval of other attitudes, such as the example of the coronavoucher.

On the part of the private sector, banks and financial institutions are offering advantages related to reducing interest and postponing the payment of bills or, in some cases, the installment of invoices with a greater number of installments.

 About Itaú: The bank that wants to change people's lives for the better

Itaú Unibanco is the largest private bank in Brazil – and one of the largest companies in the world, according to the Forbes ranking, taking into account attributes such as business generated, assets and market value.

With 91 years of history and tradition, today they have more than 90 thousand employees, almost 60 million customers and more than 95 thousand shareholders. But its objective goes far beyond offering banking services and generating value for its shareholders.

The reason behind the operations is the vision that, as a bank, they must help people and companies have a healthy relationship with money and make good financial choices.

A financial institution can help make dreams come true and invest in great ideas. A bank encourages people to grow and companies to progress. This is the purpose that guides Itaú Unibanco. Responsibility for the country's development is at the essence of our activity.

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