Russian banks will provide citizens with a delay on debt repayment

the Largest Russian banks will meet the customers and will reduce debt burden to borrowers.

alpha Bank announced the decision to provide free deferment on loan payments for those who lost income or lost opportunity on the schedule to make payments due to the coronavirus. This applies to caught in the quarantine, cases dismissed, or received a furlough.

Clients are provided with a delay of 1-2 months on mortgages and cash loans, debt on the credit card (with the condition of monthly repayment of interest).

Promsvyazbank (PSB) has also expressed willingness to provide vacation credit for up to two months for affected customers due to the coronavirus.

Among banks willing to help customers, and the largest credit institutions — Sberbank, VTB. Earlier, the Central Bank recommended banks to help businesses and the public.