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PUBLIC OFFER on changes of the agreements’ conditions for CREDIT CARDS FOR LEGAL ENTITIES due to corona crisis has expired

 

 

Pursuant to the Decision on amendments and supplements to the Decision of NBRNM on the methodology for credit risk management (“Official Gazette of the Republic of North Macedonia” No. 76/20 of 24.03.2020) and the Decree on the method of application of the changes in the credit exposures agreement conditions with the banks and savings houses (“Official Gazette of the Republic of North Macedonia” No. 80 оf 27.03.2020), for the purpose of mitigation the consequences from COVID-19 pandemic, on 31.03.2020, Komercijalna Banka AD Skopje announces the following

 

 

PUBLIC OFFER No. 09-600-16172/1 of 31.03.2020

 on changes of the agreements’ conditions for CREDIT CARDS FOR LEGAL ENTITIES 

 

The Public Offer refers to all legal entities – users of credit cards issued by the Bank, which as at 29.02.2020 2020 are classified into A, B or C risk category and do not have the status of non-performing credit exposures.

 

Detailed conditions of the Offer:

 

 

1.   Grace period: In the period 01.04.2020 – 30.09.2020 (6 (six) months), the monthly minimum amount for repayment shall be 0% of the used credit limit at the end of the month, i.e. there will be NO monthly amount due for payment.

2.   Credit limit extent: Until 30.09.2020, the amount of the approved credit limit shall not be decreased.

3.   Interest calculated during the grace period: During the grace period the Bank shall calculate and charge interest in accordance with the provisions prescribed by the Agreement for use of credit card. The Bank shall increase the amount of credit limit for the amount of calculated and charged interest and regular monthly fees, and the credit card account shall not be treated as if the credit limit has been exceeded.

4.   Standing order: During the grace period, the standing order for collection of the liabilities under the credit card shall be put on hold.

5.   Period for returning to regular repayment: Starting from 01.10.2020, the basis for calculation of the minimum amount for repayment, as provided in the Agreement for using credit card, shall be the amount of the debt on the account as at 30.09.2020.

6.   Self-payments on credit card account: During the grace period, you have the right to make self-payments on the credit card account. All payments made on the credit card account during the grace period shall be recorded as inflows on the account and shall be available to the cardholder for use.

7.   Legal action of the Offer: The legal action of the changed conditions of the agreements for use of credit card shall also have effect on all supporting documentation to the agreement, all Notary acts and collateral (pledge – lien agreements, bills of exchange, guarantees, debt accession agreements and other agreements for any kind of collateral), without concluding new agreements/annexes to the existing agreements, Notary acts and other collateral instruments, as well as without making changes on the data already registered in the public books and registers.

8.   Cumulativity condition: The Offer is inseparable and shall be valid only upon cumulative fulfilment and acceptance of all above stated conditions for each individual agreement for use of credit card.

9.   Other provisions of the agreement: All other provisions of the existing agreement which are not covered by this Offer shall remain valid during the validity period of the agreement.

 

 

OTHER AGREEMENT CONDITIONS

 

By posting this Offer on the Bank's web site, it shall be deemed that the Offer is made available to all legal entities - users of credit cards, solidary debtors and mortgage debtors, on the date of posting.

 

All legal entities – users of credit cards, solidary debtors and mortgage debtors, who meet the criteria of this Offer, shall have the right to ACCEPT or REJECT the Offer by sending a notification to the Bank by electronic means or in writing, within 10 (ten) days from the posting date of this Offer or not later than 10.04.2020 until 16:00 hours. If any legal entity holds several credit card accounts in the Bank, it has the right to decide to accept or reject the Offer for each individual account, clearly indicating the acceptance or rejection of the Offer for each account separately.  

 

If, within the term indicated above, the Bank does not receive any notification, it shall be deemed that the Offer is rejected.

 

All criteria of this Offer shall become agreement provisions as constituent part of the agreements concluded with the legal entities - users of cred cards, solidary debtors and mortgage debtors, only for those legal entities that will send a notification for acceptance of the Offer to the Bank until 10.04.2020.

 

The changed conditions of the credit card agreements, as well as all Notary acts and collateral (pledge – lien agreements, bills of exchange, guarantees, debt accession agreements and other agreements for any kind of collateral) towards the legal entities – users of credit cards, solidary debtors and mortgage debtors, shall have legal action upon expiry of the term of 10 (ten) days from the date of announcement of this Offer, without concluding new agreements/annexes to the existing agreements, Notary acts and other collateral instruments, as well as without making changes on the data already registered in the public books and registers.



IMPORTANT NOTE:

 

For legal entities that will send notification to the Bank that they REJECT the Offer, as well as for those legal entities that will not send any notification to the Bank within the term prescribed, the provisions of the agreements concluded with the Bank shall be deemed to remain unchanged, valid and in force.

 

A notification on acceptance or rejection of the Offer has to be send by choosing ONE of the notification methods indicated below:

 

А.        Written notification sent to the following address:

 

Ul. Orce Nikolov No. 3, 1000 Skopje, labeled by “Acceptance/Rejection of Public Offer No. 09-600-16172/1 of 31.03.2020” („Прифаќање/Одбивање на Јавна понуда број 09-600-16172/1 од 31.03.2020“), where the document should contain the name of the legal entity, date and signature of the authorized person, as well as all individual credit card accounts with clear indication for acceptance or rejection of the Offer for each individual account.

All written notifications received at the Documents Reception Desk of the Bank at the address indicated above or sent by mail and bearing a post office seal on the envelope with a date which is within the validity term of the Offer, or until and including 10.04.2020, shall be accepted in accordance with the Offer validity.

 

or

 

B.        Electronic notification sent by e-mail at the following e-mail address:

delovni-covid19@kb.com.mk, where the notification should contain the name of the legal entity, as well as all individual credit card accounts with clear indication for acceptance or rejection of the Offer for each individual account. The notification should be sent within the prescribed term of 10 (ten) days from the date of the Offer being posted, or not later than 10.04.2020 until 16:00 hours. 

 

NOTE: Electronic notification shall be deemed valid only if it is sent from the official e-mail address of the legal entity indicated in its last Current State submitted to the Bank.

 

Public Offer date: 31.03.2020

 

KOMERCIJALNA BANKA AD SKOPJE