Amount of applications for restructuring increases over last days of loan repayment holidays
Between 24 September and 7 October 2020, small and medium-sized enterprises (SMEs) submitted over 5 thousand loan restructuring applications. These were the last days when banks were obliged to accept such applications pursuant to Federal Law No.
Overall, between 20 March and 7 October, SMEs submitted 148.3 thousand applications for restructuring. 91.4 thousand applications totalling 792.4 billion rubles were approved.
The number of individuals’ applications for restructuring keeps falling: between 24 September and 7 October 2020, banks received 54 thousand applications vs 63 thousand over the previous two weeks. The total number of individuals’ applications submitted between 20 March and 7 October is 2.88 million, 98.1% of which have already been processed with 1.7 million applications approved.
For details, see the latest issue of the ‘Restructuring loans to individuals and companies’ information bulletin.
