Credit Europe Bank implements alternative measures for credit restructuring

"Through this program, we offer a flexible approach for the financial problems that some of our clients might have. We try to find alternative solutions to help our clients overcome difficult payment periods for the on-going credits. " stated Mr. Ömer Tetik, Vice-president of Credit Europe Bank (România) S.A.
The Bank developed various credit restructuring methods so that we could offer a large range of solutions addapted to the real financial problems of our clients.
"We considered both increasing the reimbursement period by a new maturity date, and installment rescheduling, thus offering clients undergoing payment difficulties a partial or total grace period, according to the case, up to one year. Also, we offer out clients the possibility to converse credits from the initial foreign currency to another foreign corrency as well as restructuring solutions, custom made considering their needs" Mr. Ömer Tetik added.
When analyzing credit restructuring requests, the bank will consider the real reimbursment possibilities the clients has at the present moment. Temporary payment incapacity must be prooven with documents which will be presented by the client with the restructuring request.
It is advisable that the restructuring requests are addressed to the bank by the client before the financial problem agravates so that the credit does not accumulate arrears.