Thursday, March 20, 2025

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bad debt

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Good news for banks with bad debts that cannot be handled

Resolution 42 'version 2.0' was upgraded to a higher level after amending and supplementing the Law on Credit Institutions in the direction of empowering banks in seizing, handling bad debts, and foreclosing secured assets.

Putin signs law to write off bad debts for those who fought in Ukraine

President Putin signed a law allowing those who signed up to fight in Ukraine to have bad debts of up to nearly $100,000 written off.
Urgent need for debt relief in special situations

Experts say that in the long term, the Government and the State Bank need to research and design debt relief policies for customers who have suffered heavy losses due to natural disasters and epidemics.