Новости

PRESS RELEASE OF THE BANK OF ABKHAZIA

01-04-2020 17:16

In connection with the introduction of a state of emergency in the Republic of Abkhazia aimed at preventing the spread of coronavirus infection COVID-19, the Bank of Abkhazia recommends credit institutions of the republic in case of deterioration in the financial condition of the borrower due to the delay in payment of salaries, pensions or other permanent income for individuals, or due to restriction of activities for organizations and individual entrepreneurs to restructure the debt of such a borrower, as well as not to apply penalties. At the same time, credit organizations are allowed to:

  • Do not recognize the above loans as restructured in order to create reserves until June 30, 2020, if the duration of the arrears for these loans did not exceed 30 days as of April 1, 2020;
  • Until June 30, 2020, take a decision on the non-deterioration of the assessment of the financial position of the borrower for the purpose of creating reserves for possible losses on loans, if the deterioration of the financial situation of the borrower has occurred after the state of emergency.