"The loan repayment period will be extended". Banks help flood victims

Adyrna.kz Telegram
Фото: ТЖМ
Фото: ТЖМ

Banks of Kazakhstan are going to provide assistance to flood victims, "Adyrna" reporter reports with reference to Caravan.kz.

This was reported by the Kazakhstan Association of Financiers.

"Second-tier banks support emergency measures to eliminate the consequences of floods and to support residents and entrepreneurs affected by the emergency situation," the message says.

From April 1 to June 30, domestic banks are going to extend the loan repayment period of borrowers who have been included in the list of flood victims according to the list of local executive bodies. In addition, it was said that the borrowers whose financial situation has worsened will not be charged fines and penalties for late payment.