The Executive Board of the Association of Banks in Bulgaria (ABB) reminds that the deadline for submitting requests by bank customers under the Procedure for deferral (“Procedure for Deferral and Settlement of Liabilities Payable to Banks and their Subsidiaries”) is approaching. Citizens and companies that would like to benefit from the relaxed conditions under the Procedure have another 10 days to explicitly state their desire to their servicing banks. The deadline for submitting requests is June the 22nd, 2020, and banks must take a decision on the submitted request by June the 30th, 2020.

The Procedure for deferral and settlement of liabilities payable to banks and their subsidiaries is published on the ABB website here and the full text can also be found on the BNB website here