PASHA Bank to suspend penalties for loan delays amid COVID-19 pandemic

PASHA Bank will suspend the calculation of penalties for customers with a loan delay of less than 15 days from April 1 to support legal entities and individual entrepreneurs, as well as salary cardholder individuals, affected by the COVID-19 virus considering the recent pandemic and quarantine difficulties.

The Bank will not impose any penalties on the Client if he does not pay the interest or principal on time.

The decision also applies to customers who stop paying after the disclosure of this information, the Bank told Report.

Moreover, the Bank, together with the Central Bank and the Association of Banks of Azerbaijan, is working on the creation of additional benefits for its customers.

Information on status progress will be available until April 20.

For additional information, please contact PASHA Bank Business Centers or Contact Center at *8123 / (+99412) 496 50 04 (for corporate customers), *9123 / (+99412) 496 50 00 (for individual customers).