Please inform us of your payment difficulties as soon as possible by submitting a grace period request in the internet bank by sending a message or contact your Relationship Manager directly.
When applying we would appreciate if you indicate more detailed cause of loan payment problems, impact on your business and your planned activities to overcome difficulties. Be prepared to be asked for the latest interim financials and more detailed questions.
After request of grace period is received, we will contact you regarding additional information. We evaluate every client’s case individually and will agree with you on next steps.
We will review all grace period requests as soon as possible. However, if the number of incoming requests increases significantly, we may need more time to review them and there is a chance that grace will be applied for payment(s) after the following one.
We have joined the moratorium developed by the Finance Latvia Association, providing for the possibility for bank customers facing short-term financial difficulties due to Covid‑19 to defer payments on loan principal up to 6 months.
In accordance with this moratorium, both the companies that have already been granted payment holidays in the time period from 12 March until 5 May 2020 and those which still require them will be able to apply for a one-time deferral of payments until 12 June.
Important to know:
You still have to pay interest during the grace period.