The Minister for public health and Minister for Finance and Financial Services issued the Moratorium on Credit Facilities Regulations in Exceptional Circumstances through Legal Notice 142 of 2020. Credit and financial institutions licensed by the Malta Financial Services Authority (MFSA) have been directed by these Regulations to offer a six-month moratorium on repayments on capital and interest for borrowers who have been negatively affected by COVID-19. Borrowers eligible for this moratorium will be permitted to postpone capital and/or interest repayments to a later date, without any penalties, restructuring or administrative fees.

Following consultations with the MFSA and the Malta Bankers' Association The Central Bank of Malta issued Directive 18 to define the eligibility for the moratorium and other conditions related to the implementation of the provisions of the Regulations. The moratorium applies to credit facilities sanctioned prior to 1 March 2020, for individuals, households or businesses who can show that they have been negatively affected by the pandemic. Applications by borrowers are to be made with their respective credit or financial institution until 30 June 2020. The six-month moratoria period will start with effect from the date of approval of the application.
 
For more information, the full directive, the legal notice and the guide on the directive refer to Central Bank.