Proposing Restructuring The Debt Repayment Period To Assist Customers
The State Bank is consulting the draft amendments and supplements to a number of articles of the Circular No. 01/2020 / TT-NHNN on March 13-2020, on the organization of credit and foreign bank branches Construct the time limit for repayment, exemption, reduction of interest and fees, keeping the debt group to support customers affected by Covid-19 translations have been amended and supplemented by Circular No. 03/2021 / TT-NHNN 2-4-2021. According to the State Bank, before the complex movement of Covid-19, the credit institution, a foreign bank branch is restructured to the debt repayment term for principal balance and / or profit of the debt when meeting the eligibility or re-restructuring the debt repayment term before 1-8-2021 from lending and financial leasing activities (instead of arising before 10- 6-2020 from lending, financial leasing activities prescribed earlier) or arising obligations to pay principal and / or interest for the period from January 23 to 2020 to 30-6-2022 (instead Because of its obligation to pay principal and / or interest for the period from January 23-1-2020 n date 31-12-2021 according to the current Circular). About the balance of debt restructuring the debt repayment period is also amended and supplemented in the case, which is the balance of the debt arising from the date 23 -1-2020 arrived before 10-6-2020 and overdue before May 17-5-2021
