Standard Chartered Plc says it is providing a COVID-19 relief package for its clients with business, personal, mortgage and credit card loans.

A statement said the board and management team of the group, with its 84,000 colleagues, remained committed to supporting its clients in the communities in which it operated, during the current coronavirus crisis.

It added that the bank had positioned itself to help clients through the implementation of several measures to provide relief for them.

It stated, “Stemming from our commitment to be socially responsible and client focused at all times, we have put these measures to ease the financial pressure on our clients”

The bank said as part of the financial obligations, a three-month payment holiday on personal loans and retail mortgages had been arranged.

It also said, “Clients who currently pay the total amount due on their credit card monthly, can now request to change this to a monthly payment of the minimum amount that is due on the card which is one per cent of the outstanding balance plus interest (subject to a minimum of N5,000).