Absa grants Covid-19 payment relief to retail and business banking account holders
The Absa Group has granted payment relief of R5.8 billion to about 376000 account holders in its retail and business banking (RBB) division to help its clients to deal with the Covid-19 outbreak.
Deputy chief executive of retail and business banking at Absa Bongiwe Gangeni said the cash-flow relief has been offered to the bank’s customers who are in good standing as at the end of February.
“We do understand that it has been a difficult period for the country and for our customers as well. Our aim is to assist our clients to deal with the outbreak by offering this three-month relief,” Gangeni said.