OREANDA-NEWS. January 16, 2009. Sviaz-Bank will no long charge fines on individuals for delay in repaying loans borrowed under consumer and automobile loan programs, reported the press-centre of Sviaz-Bank.

No fines or penalty fees for delayed arrears on consumer and automobile loans will be chargeable, provided the entire delayed arrears are paid before February 28, 2009.

"Sviaz-Bank gives its customers who have accumulated arrears on their loans an opportunity to pay off their debts without being fined by the Bank. We realize that in the grip of the current financial crisis many customers may have problems making due payments on their loans, and for this reason we are ready to offer a hand of help to our customers finding themselves in difficult situations," said Senior Vice President Arkady Komiaginsky.