Converse Bank has made a decision to forgive natural persons' customers' penalties for overdue loans for 271 and more days classified hopeless till May 31, 2018, and will set a new loan schedule agreed upon with the borrower, for the repayment of the principal amount and interest rate.

The Bank is willing to redraft these loans with a maturity period of up to 7 years, taking into account the amount of the obligation, cash flows, their seasonality and the proposed security. "We hope that customers with a new, coherent timetable by duly performing their credit obligations will restore their credit history and expand their opportunities to collaborate with the Bank and make use of new products," informed finagent.am from Converse Bank.

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