As of July 1, the accrual of penalties is resumed

From July 1 resumes the accrual of penalties and fines for overdue principal and interest on all credit products. The only exceptions are loans subject to the National Bank of Kyrgyzstan's resolution of April 27 this year. The reason for partial exemption from sanctions may be changes in cash flows of the company and the impact on its activities of negative consequences of foreign economic shock. In this case, for exemption from the imposition of penalties borrowers must confirm that there are such effects. ICC “MS & Company” urges to pay the loans according to the schedules in order to avoid imposing fines and penalties.