OREANDA-NEWS. October 20, 2014. Sberbank of Russia has launched a programme that lets individuals and representatives of small and micro-businesses who are experiencing financial difficulties regulate their loan and credit card debt in a simplified manner.

The programme includes two debt regulation options. Under the first option Sberbank can cancel penalties upon payment of overdue debt, under the second it is possible to reduce monthly payments by providing a grace period for payment of loans and/or by increasing the term of the loan contract.

To take advantage of the programme, clients should visit a Sberbank of Russia branch and together with one of the bank’s specialists select a debt regulation option.

Detailed information about the programme and its conditions can be obtained at the bank’s branches.

The programme runs until December 31, 2014 inclusively.