The Bank carries out its activities to settle bad debts in accordance with the requirements of the laws of Ukraine and regulations of the National Bank of Ukraine.

 

In accordance with the law, the Bank may transfer to a collection company a part of debt management functions, provided that there is overdue debt under a loan agreement. As well as term debt, if it is related to debt that is overdue in payment of principal and/or additional obligations (interest, commissions, penalties, etc.) or if there are other grounds provided for in the loan agreement for debt collection, including early repayment.

 

As of today, the Bank has not engaged any collection companies to settle overdue consumer loans.