For the quarantine period, Ukrainian banks will easily agree to the ban on charging their customers fines and penalties for late consumer loans, said Sergey Gnezdilov, head of the international markets and money market department of AB Radabank, in a comment to GORDON.
“Most likely, the point now is that if a person has a repayment schedule for the loan body that falls out for the current period, then it is obvious that banks will be able to restructure the loan. In order for the client to pay only the interest and transfer the payment of the loan body to later dates “In my opinion, exempting clients from paying interest is not entirely right, because then there will be a collapse in the banking system. Loss of interest income will significantly worsen the condition of a number of banks,” the banker said.
He stressed that in the circumstances, customers of Ukrainian banks would often not be able to pay fines on loans.
“As for the ban on the calculation of the penalty and interest for late consumer loans, this is reasonable. Suppose the customer pays under the contract and in case of delay he has an increased interest rate plus a penalty. Obviously, the banks will not apply and will easily agree to the ban, We are talking about. If customers pay interest, this will be enough for banks to continue their activities. In my opinion, banks will willingly meet this issue. Refusing fines is a normal approach in the current environment. In fact, fines and the banks will earn the penalty only on paper – now the customers will still not be able to pay them. So why then do you need it? Therefore, I think that the terms of the agreements in this regard will not change, “concluded Gnezdilov.
On March 17, the Verkhovna Rada passed several laws, aimed at minimizing the negative consequences of the epidemic and quarantine. In particular, the parliament forbade fines for tax violations from March 1 to April 30, 2020, established a moratorium on documentary and factual checks from March 18 to May 18, 2020, and also extended the deadline for submitting an annual declaration of property status until July 1 of this year. and income. In addition, the Rada banned the application of penalties, fines and other sanctions for late loans.
On March 17, the National Bank of Ukraine called on commercial banks and other financial institutions not to take any steps that would worsen the situation of customers.
On March 18, at a meeting with representatives of major Ukrainian banks, the first deputy chairman of the NBU, Yekaterina Rozhkova, stated that for all loans that were workers and were serviced as of the evening of March 7, “you can apply a preferential treatment for the quarantine period.”
As of March 19, 18 cases of coronavirus infection were confirmed in Ukraine, three of them in Kiev. Two people have passed away.
Due to coronavirus, quarantine is announced in Ukraine until April 3. In the country, educational institutions, shopping centers, shops (except grocery and pharmacies), restaurants, cafes and bars, gyms, beauty salons and nightclubs were closed, mass events were canceled, air traffic with other countries was suspended and domestic passenger traffic was stopped. Employers were encouraged to transfer employees to remote work.