Banks, CSMs (clearing and settlement mechanisms) and IT providers have launched pilot projects for the SEPA Direct Debit, and I am convinced that SDD will bring great benefits to its users in 2009. Do you SEPA for cards? The SEPA for Cards scheme started officially on 1 January 2008.
Given the implementation of the loan payment deferral policy for micro, small and medium businesses hit by the epidemic, it is expected that some of the loans deferred will eventually turn into bad assets.