Megabank Optimized System of Credit Settlement for Entrepreneurs
OREANDA-NEWS. May 04, 2009. For reducing the credit burden of small and medium business clients (entrepreneurs) PLC "Megabank" offers the following terms of debt restructuring, reported the press-centre of Megabank:
agree with adapted schedule of credit settlement;
review of restructuring terms of overdue debt by prolongation of loan contract validity or refinancing (settlement) the debt under the standing contract by offering a new loan. For adopting the decision about the debt restructuring the bank's priority is the current state of client's affairs and offers on securing the credit;
on loan contracts,with debt overdue, penalty provision are not enforced provided the debt is settled within 30 days from the moment of referencing to the bank about debt restructuring;
upon standing loans in foreign currency the bank offers the possibility to convert the debt into the national currency upon a reduced rate of currency auction of the National Bank of Ukraine.
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