VÚB prepared to defer clients’ debt repayments due to Covid-19

The inspiration to help people and business comes from Italy.

VÚB during the White NightVÚB during the White Night (Source: TASR)

Following an example from Italy, the VÚB bank in Slovakia has offered its customers and businesses the chance to postpone their instalments without any additional costs.

>>> Click here for all the information about the coronavirus in Slovakia

The decision came because it is likely that the Slovak economy will face certain problems due to the coronavirus outbreak. Since stricter measures, including the closure of schools and institutions and other steps impacting businesses, are in place, the income of many families will be affected.

“We feel co-responsibility for the development in the country and that is why we have decided to offer all our clients the option to postpone instalments free of charge,” VÚB spokesperson Dominik Miša said, as quoted by the Index magazine.

Read alsoCovid-19 to slow down Slovak economy Read more 

VÚB clients can defer instalments for one to six months. As yet, nobody has applied for a postponement, Index reported.

Terms remain the same

VÚB is part of the Intesa Sanpaolo bank group, which has already begun to offer an identical service in Italy.

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