PrivatBank plans large-scale restructuring of 294,000 loans

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PrivatBank plans soon to restructure 294,000 loans to individuals, as well as to small and medium businesses. This is reported by Dzerkalo Tuzhnya news agency.

PrivatBank will start the restructuring of loans at the end of November; it will last approximately from six to eight months.
It is noted that retail loans and loans to small and medium businesses (except the loans issued in the JFO zone, the Crimea, loans to servicemen, loans to the deceased, non-residents and people associated with the bank) issued before December 19, 2016 will be restructured.
The restructuring will affect UAH 5,000 – 300,000 loans agreements. Borrowers will be offered 47 different types of restructuring. Conditions will depend on the amount and type of loan.
As The Journalist reported, PrivatBank launched a money transfer system from Israel to Ukraine.