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Eng
30 Mar 2020

Raiffeisen Bank Aval introduced repayment holidays for small and medium business

Kyiv. 30 March. – Raiffeisen Bank Aval has launched an extended loan restructuring program for small and medium business customers.

Repayment holidays for all SME customers will be introduced regarding the most popular lending product “Rozvytok” (“Development”) targeted at the support and development of the Ukrainian business. A grace period for borrowers will last for three months. Repayment holidays will be introduced for those businesses, which have suffered most in the result of restrictive measures connected with the coronavirus COVID-19.

For consultations, please call our Business Banking Information Center: 0 800 505 045 (free throughout Ukraine).

Let us remind you that Raiffeisen Bank Aval proposes a number of credit restructuring programs for borrowers engaged in small and medium business, as follows: repayment holidays, deferred payments, prolongation of a loan, capitalization of interests, refinancing.

As of today, almost 2,000 customers of the bank from different branches that have suffered from the quarantine consequences, are the first to receive lowered debt load offers from the bank.

Caring of you, we propose you to use an online access to our credit restructuring programs with no need to visit bank branches. We are here for you to stay at home!

“In these uncertain times, a mutual support is extremely important, noted Oleksand Pysaruk, Chairman of the Board of Raiffeisen Bank Aval. – On our side, we are doing our best to alleviate and minimize the difficulties faced by our small and medium enterprises in today’s difficult conditions, and the bank continues rendering high quality and timely services to every customer. As before, one of our top priorities is to support small and medium business trying to act as a bridge between the current crisis and future development for them”.