OREANDA-NEWS. April 13, 2011. When applying to the Bank with a request to restructure the debt, a borrower of Finance and Credit Bank can trust specialists of the Bank who will capably prescribe the most effective complex of "rescue" measures and reduce to the minimum the effects of a client's temporariry insolvency.

Igor Kopertekhin is quoted as saying: "It is mainly the legal entities from among our clients who apply for their debt restructure as their revenues hit the bottom at the end of 2008 as a result of the economic crisis and the dollar devaluation, which disabled them to fulfil the terms and conditions of their credit contracts in full scope. We treat such clients sympathetically because healthy relationship between the Bank and its client is the recipe for the further successful cooperation".

As the 2010 results show, the Bank restructured UAH 68.3 million indebtedness of its legal entity clients and UAH  71.7 million indebtedness of individual customers. One of assumptions for restructuring is the dynamics in the monthly loan repayments or repayment of a certain amount of the debt at the time of restructuring.

The most frequent restructuring options in Finance and Credit Bank are: addition of the loan arrears to the debt due, extension of the lending perion to up to 5 years (depending on the crediting programme and the current market value of the collateral for loan), pegging of outstanding incomes and scheduling their repayment, switch from the classic scheme of loan repayment to the annuity loan repayment scheme and provision of deferral of repayment of the principal.