A special recording procedure for certain securities will be in effect until the end of 2025
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The Central Bank identified and recognized as unacceptable the following shortcomings in the work of banks and microfinance organisations when providing borrowers with credit holidays:
- instead of repayment holiday, borrowers are offered their own, less profitable, restructuring programmes;
- information on various restructuring opportunities is not posted on the financial institution’s website or it is difficult to find required information there;
- refusal to accept repayment holiday applications remotely.
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