HSBC Bermuda today announced that it is “seeking to proactively support customers facing challenges due to the global COVID-19 pandemic.”
“Effective 01 May 2020, HSBC Bermuda will reduce its Base Lending Rate for retail customers by 0.25% [from 3.75% to 3.5%] and, given the challenges faced by small businesses in particular, will reduce its Base Lending Rate for Business clients by 0.5% [from 4.75% to 4.25%],” a spokesperson said.
“Additionally, the bank would like to remind its customers to proactively contact their banking Relationship Manager or make an appointment with the retail team if they are experiencing financial difficulties due to the pandemic. The bank will review each case on an individual basis to determine the most appropriate way to support customers that are facing particular challenges.”
