Clarification of the ‘loan repayment holidays’ in JSC СIB

Dear clients!
On the basis of the Law of Ukraine «On consumer lending», taking into account the amendments introduced according to the Law of Ukraine «On amendments to the Tax Code of Ukraine and other laws of Ukraine regarding the support of taxpayers for the period of measures aimed at preventing the occurrence and spread of the coronavirus disease (COVID-19)») dated 17.03.2020 No. 533-IX  we inform you that for the period from May 1, 2020 to May 31, 2020, JSC «CIB» will not apply penalty sanctions:
 

Penalty, fine, increase of the interest rate to Borrowers – individuals in case of delay in performance (non-performance, partial performance) of obligations  under the loan agreement (non-payment of the obligatory minimum payment, payments to repay the principal debt, interest for the use of credit funds, commissions according to the loan agreement,  untimely insurance of pledged items, untimely provision of financial reporting, untimely conducting of inspections of the state of pledged property, and others, etc.), incl. under an agreement concluded in the form of an Application (offer) to join the Rules of banking service of individuals at JSC «CIB». Non-application of penalty sanctions does not require the conclusion of additional agreements to the corresponding loan agreements (incl. under an agreement concluded in the form of an Application (offer) to join the Rules of banking service of individuals at JSC «CIB»).

We would like to note that the adopted Law of Ukraine No. 533-IX of 17.03.2020 does not release the Borrower from the performance of their obligations to the Bank, but releases from liability for such non-performance.
 
We remind you that you can make payment under the loan agreement:
 

Through the cash desk of the nearest Bank branch to You. Through the remote service system for individuals Cib-Online. By non-cash transfer using the details.

We strongly ask you to minimize your stay on the street and in public places and pay remotely!
 
JSC "COMINBANK"
JSC "COMINBANK"
Joint-stock company "Commercial Industrial Bank"