Business news from Ukraine

STATE-OWNED PRIVATBANK INTRODUCES CREDIT HOLIDAYS FOR HOMEOWNER ASSOCIATIONS

State-owned PrivatBank (Kyiv) has introduced credit holidays for homeowner associations, the bank’s press service reported.
“To support homeowner associations and housing construction cooperatives under martial law, PrivatBank announced from March 1 to June 1, 2022 credit holidays under agreements according to which there was no delay or the delay period is no more than 90 days,” the press service said.
Under the terms of the loan holidays, for the loans for energy-efficient modernization and the Energodom product the mandatory payments (the principal and interest) are transferred to June 1, 2022, no delay is recorded.

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