Retail Credit Portfolio of Cash Credit Bank Dnipro increased by UAH 55 million in January-March 2020 - up to UAH 850 million. The financial institution's portfolio of card loans increased by UAH 19 million to the amount of UAH 292 million over the period. As a result, the total retail loan portfolio for the first quarter showed an increase of UAH 75 million, exceeding UAH 1.14 billion.
"Today's difficult realities and new challenges require banks to make effective decisions designed to minimize the negative effects of severe restrictive measures on the financial condition of business and the general public," says Denis Mihov, Business Development Director, Credit Dnepr Bank. - We take care of our customers and are ready to meet them in the event of a truly force majeure, loss of revenue due to emergency and quarantine. At the same time, we count on the responsibility of our clients and their understanding of the need to fulfill their financial obligations as a key condition for the stable operation of banks, the financial system and the economy of the country. "
The banker stressed that, under current law, restructuring is not a debt forgiveness, but a set of measures that will help borrowers affected by an emergency and quarantine survive these difficult times and get back on their feet after they are completed. When restructuring a loan, the borrower does not pay penalties and penalties for late repayment of debt, but at the same time is not exempted from payment of his obligations under the loan agreement, that is, the overdue debt remains obligatory until full repayment in the first place.
Credit Dnepr Bank offers convenient and safe payments on a remote basis:
- by transferring funds from a card of any bank of Ukraine (p2p payments) by reference;
- using the FreeBank Internet banking system ;
using PTCS and iBox, EasyPay, PrivatBank terminals;
by transferring funds from an account with another bank of Ukraine;
by automatically debiting your monthly payment from your account.
For more information on credit repayment channels, see the link.