The deadline for submitting loan restructuring applications is extended


At today's meeting of the Executive Board, the Board took decision to extend the deadline for the submission of applications for loan restructuring, according to the Guideline for Loan Restructuring  due to COVID-19, until September 30, 2020.

The deadline so far has been August 31, 2020.

The Guideline  for Loan Restructuring due to COVID-19 was issued by the Central Bank of the Republic of Kosovo on June 8, 2020 in order to establish the criteria on which the credit restructuring process should be based in the conditions and circumstances created by the pandemic COVID -19, aiming at the borrowers in financial difficulties to be able to fulfill the obligations stipulated in the contract and to develop their business activity.

The guideline in question applies to all financial institutions authorized to exercise lending activity in the Republic of Kosovo.