Amendments to the “Regulations on providing credit risk bearing products”

Dear Clients,

The amended Regulations on Providing Credit Risk Bearing Products will come into force on 1 July 2020.
The following amendments have been made:

  • description of the service supporting Customers in performing obligations arising from the Goods and Services Tax Act related to the whitelist of VAT payers has been added in Chapter 3,
  • provisions of Chapter 6 letter E have been repealed due to the fact that the Payment of the Debtor’s Liabilities is no longer offered by the Bank,
  • provisions of Chapter 6 letter F have been added due to the introduction of the Loan for the Payment of Liabilities into the Bank’s offer,
  • provisions whose list along with the Regulations effective from 1 July 2020 was published at have been clarified.

The amendments have been implemented in line with Chapter 17 of the applicable Regulations. Their approval does not require any further action on your part. Should you wish to reject the amended Regulations, you need to submit a written statement as referred to in Chapter 17 of the Regulations within the time limit stipulated therein.


SME and Corporates