Official offer 27.03.2020

Delaying of payment of credit obligations for all individuals  - clients of HALKBANK AD Skopje for 6 months

Starting from the fact that there are no individuals or families who are not affected by the crisis caused by the COVID-19 pandemic, and based on its basic principle "PEOPLE MATTER", HALKBANK AD Skopje is pleased to announce an offer to all its clients - individuals with credit exposure in the Bank with the classification A, B and C regular on 29.02.2020.

The offer applies to all clients of the Bank, individuals who do not have non-performing exposure and it covers:

  • Delaying of repayment of all credit liabilities (loans, credit cards and permitted overdrafts) for a period of 6 months and extension of the due date for an additional 6 months;

Clarifications:

  • Clients with credit exposure in the Bank with classification A, B and C regular on 29.02.2020, are clients who have no outstanding credit liabilities for more than 90 days on 29.02.2020.
  • Contact the Bank only if you wish to proceed with the payment with previously agreed dynamics and do not want delay of payment, i.e. you do not accept the offer.
  • If the client does not contact the Bank within the next 10 days to respond with a negative response to this offer, it shall be deemed to have been accepted and shall be liable for delay without signing annexes and coming to the Bank.
  • If the client has more credit debts, (if he/she uses more credit products), he/she is entitled to defer installments/interest rates on each product.
  • Regular interest rates accrued for the deferred period will mature at the end of the grace period and be contractually regulated.
  • Permanent credit repayment orders will be deactivated and will not be booked into a transaction account, except for clients who will inform the Bank that they will not accept this offer.
  • The client should also inform his employer about delaying the payment, i.e. acceptance of this offer by Halkbank, as he would not act according to administrative prohibitions.
  • This measure by Halkbank is valid until 30.09.2020 and upon request within this deadline, the client may change the initial decision to accept/reject the offer and further state whether he/she wishes to be involved in the use of the measures or come out of it and return to regular repayment.
  • The same decision will apply to retirees on the grounds that although pensions will be paid without delay, they are indirectly affected by members of their families. We ask family members to help inform the Bank if retired family members want to continue their regular repayments and are unable to do so themselves;
  • If as a Bank Client you wish to continue your repayment of your credit liabilities without termination and modification, you need to notify us by 05.04.2020 by sending an email or calling the parent branch (branch contacts indicated below).

Form of identification

In your email or call to reject the offer, you need to provide 2 information out of the possible 4

  • Date of birth / example 31.12.2002
  • Last 4 numbers from Halkbank Credit Party / example 0249000000165
  • Last 4 transaction account numbers / example 270700000479000
  • Full pseudo debit card number as on the example:


Branch e-mail addresses to submit a request:

Branch E-mail Phone Mobile
Branch Aerodrom BranchAerodromSkopje@halkbank.mk 02/3285-333
02/3285-335
071/264-738
072/251-691
Corporate Branch 1
CorporateBranch@halkbank.mk 02/3250-934 072/229-187
Corporate Branch 2
CorporateBranch2@halkbank.mk 02/3285-646 070/407-971
Branch Avtokomanda BranchAvtokomanda@halkbank.mk 02/3285-180 071/240-533
Branch Bitola BranchBitola@halkbank.mk 02/3285-207 071/359-881
Branch Bunjakovec branchbunjakovec@halkbank.mk 02/3285-603 070/361-694
Branch Butel BranchButel@halkbank.mk 02/3285-613 071/304- 851
Branch Veles BranchVeles@halkbank.mk 02/3285-433 072/321-064
Branch Vizbegovo BranchVizbegovo@halkbank.mk 02/3285-276 071/359-891
Branch Gevgelija BranchGevgelija@halkbank.mk 02/3285-324 072/321-540
Branch Gostivar BranchGostivar@halkbank.mk 02/3285-286 072/214-363
Branch Debar BranchDebar@halkbank.mk 02-3285-481 070/385-494
Branch Dracevo BranchDracevo@halkbank.mk 02/3250-491 072/806-041
Branch Gjorce Petrov BranchGjorcePetrovSkopje@halkbank.mk 02/3285-424 071/286-791
Branch Zeleznicka BranchZeleznickaSkopje@halkbank.mk 02/3285-314 070/270-849
Branch Ilinden BranchIlinden@halkbank.mk 02/3285-365 070/285-084
Branch Kavadarci BranchKavadarci@halkbank.mk 02/3285-473 070/349-721
Branch Kisela Voda BranchKiselaVodaSkopje@halkbank.mk 02/3285-382 072/321-166
Branch Kicevo BranchKichevo@halkbank.mk 02/3285-465 072/302-177
Branch Kocani BranchKocani@halkbank.mk 02/3285-446 072/231-839
Branch Kumanovo BranchKumanovo@halkbank.mk 02/3285-243 071/316-226
Branch Leptokarija BranchLeptokarijaSkopje@halkbank.mk 02/3285-344 070/219-123
Branch Negotino BranchNegotino@halkbank.mk 02/3285-404 071/318-851
Branch Ohrid BranchOhrid@halkbank.mk 02/3285-305 072/302106
Branch Square Macedonia BranchSquareSkopje@halkbank.mk 02/3285-411 070/393-313
Branch Prilep BranchPrilep@halkbank.mk 02/3285-256 072/212-364
Branch Radovis BranchRadovis@halkbank.mk 02/3285-634 072/279-904
Branch Resen BranchResen@halkbank.mk 02/3285-633 072/321-511
Branch Saraj BranchSaraj@halkbank.mk 02/3285-653 070/219-340
Branch Sveti Nikole BranchSvetiNikole@halkbank.mk 02/3285-374 071/223-517
Branch Stara
Turska Charsija
BranchStaraTurskaCharsijaSkopje@halkbank.mk 02/3285-298 070/354-680
Branch Struga BranchStruga@halkbank.mk 02/3285-394 071/411-903
Branch Strumica BranchStrumica@halkbank.mk 02/3285-232 072/800-679
Branch Tetovo 1 BranchTetovo@halkbank.mk 02/3285-227 072/212-423
070/266-569
Branch Tetovo 2 BranchTetovo2@halkbank.mk 02/3285-624 071/298-781
Branch Sobranie BranchSobranieSkopje@halkbank.mk 02/3285-218 071/408-298
Branch Cair BranchChairSkopje@halkbank.mk 02/3285-264 071/286-792
Branch Cento BranchChento@halkbank.mk 02/3285-357 071/361-898
Branch Stip BranchStip@halkbank.mk 02/3285-349 078/230-719
Main Branch MainBranch@halkbank.mk 02/3285-589 072/212-362
071/288-594


For any further questions regarding the measure we are available to answer through the above listed contacts.

The measures are in accordance with the Government Decree adopted at the 28th session of the Government on 25.03.2020 and the Decision amending the Decision on credit risk management methodology adopted by the NBRNM on 20.03.2020.

HALKBANK

People matter - and for them, the most important thing is health!
#StayHome #BeHealthy #BeHuman

Period and method of calculation

Period and method of calculation of interest

  • Deferred payment period: from 6 months, starting from March to August, i.e. for liabilities accrued in the period of 01.03.2020 to 31.08.2020.
    • During the delayed payment process, the client has the right to self-pay the credit party at any time. Paid funds will be recorded in advance and if the client has no overdue liabilities the entire advance can be used to reduce the principal amount after the loan on 31.08.2020 or to service future annuities on the accumulated amount due on 30.09.2020.
  • Calculation of interest rates during the grace period:
    • Credit - For the entire duration of the grace period, the Bank will calculate interest rates by the interest rates provided in the Credit Agreement. After the expiration of the 6 (six) month grace period, the interest rates accrued on the grace period will be capitalized (added) to the credit balance of the loan and will be evenly distributed for annuity payments under the new amortization plan. The Bank shall not calculate interest rates on capitalized interest. If the client wishes, he/she can make the payment of the calculated interest once without capitalizing the interest.
    • Credit card - The Bank will calculate regular interest rates on deferred payment for 6 months and it will mature on 31.08.2020 in the form of a one-time repayment obligation. The first borrowing with a minimum amount of principal payout on the used credit card limit will be calculated during September 2020. The client can at any time pay the used credit card limit and use the available credit limit balance card.
    • Allowed overdraft - The Bank will calculate regular interest rates on deferred payment for 6 months and will mature on 31.08.2020 in the form of a one-time repayment obligation.

 

FAQ

Frequently Asked Questions

What is a deferred payment?

Deferred payment period is the period during the loan, when the borrower is not obliged to pay the annuity. It is the waiting period before the borrower starts making fixed monthly payments

Deferred annuity servicing is a measure implemented for the first time in the banking sector of Macedonia. Delayed servicing is not a novelty in banking practices around the world, even for Balkan countries that have applied this measure under certain conditions in order to support the state in emergency situations. And, in the time of Covid-19, most banks in the region and beyond allowed deferred payment of up to 3 months.

The deferred payment of the annuities of the citizens and companies through the bank's business decision in our case is made for 6 months. This is a period for which the citizens and companies need liquidity that the bank will provide with a parallel extension of the repayment period of 6 months, in order for the monthly annuity of the used funds to remain approximately the same and not to be a serious burden in the future.

Deferred payment means a period in which interest is accrued on current terms, and there is no other practice for banks as part of the relevant sector unless it is subsidized by a third party.

The delay measure is intended for those people who unfortunately face reduced or abolished inflows during the crisis period, and who are therefore unable to normally service their obligations to the bank.

Customers who have the capacity to smoothly fulfill their obligations, of course, should continue with the same and reject the offer with the measure.

Difference between grace period and delayed repayment?

Grace period is the period in which interest is serviced on a monthly basis as opposed to deferred repayments where the client has no monthly outflows to the bank.

Grace period is a period where there is no displacement in the final maturity of the loan and to a greater extent affects the amount of the annuity, while deferred payment adds a number of months into the future, beyond the original final maturity in order to keep the subject's burden stable and within its capacities.

Can you make a small clarification about the interest for that grace period of 6 months. Since the monthly annuity is already composed of the main part and the interest on which the additional interest will be calculated for this 6-month period, does this mean that we will all have an increase of the remaining part for payment.

For the entire duration of the grace period, the Bank will calculate interest at the interest rate provided for in the Credit Agreement, i.e. there will be no additional interest, only regular interest. After the expiry of the 6-month grace period, interest accrued on the grace period will be distributed (added) to the credit balance of the loan and will be equally distributed to the annuities under the new amortization plan. Yes, this means that there would be a slight increase in the annuities for the remainder of the repayment, but at the same time the loan repayment deadline would be prolonged, allowing the annuity increase to be minimal.

My loan has a balance of MKD 600,000.00 with an interest rate of 6% monthly interest currently with 84 months remaining?

The amount of interest that will be calculated monthly is 3,000.00 MKD visible from your Amortization Plan as well, the total amount for 6 months will be 18,000.00 MKD, which will be spread over the remaining 84 months or 215 MKD per month. You will not pay a 6 month annuity in the amount of MKD 8,765.00 or for a 6 months 52,590,00 MKD and therefore you will pay 215 MKD higher annuity in the future.

Does it apply to all products?

If the client has more credit borrowing, (if he/she uses more credit products) he/she acquires the right to defer installments/interest for each product.

How long does the measure last? What obligations does it begin with and which ends with it?

The delay of the measure starts with the calculation of the annuities from 01.03.2020 and lasts until 31.08.2020. This means that by using this measure you are entitled to deferred payment on the first annuity of 31.03.2020 and last 31.08.2020. The first next annuity after deferred service is due on September 30, 2020.

Will the loans raised in March and subsequent months be put on hold?

Loans raised in March 2020 are not included in the offer, taking into account the criteria provided by the competent authorities. However, the Bank will shortly offer measures for these loans (for individuals who will need relief), which we will further inform.


Will permanent orders be put on hold? What about Administrative Bans?

A: The permanent order will remain active, but due to deferred payment you will not have any outstanding debt for which the permanent order would transfer funds to the credit party. This is for the reason that you are not deactivated and you will need to resubmit an activation request. If your loan is repaid with an administrative ban, please notify your employer that it should put it on hold during the grace period. The Bank will make an effort to notify the larger companies and institutions as soon as possible of the clients that will use the measure but not before the deadline for acceptance or rejection of the bid on 05.04.2020 in order to have a final number of clients and their identification.

Does it apply to retirees?

The offer is valid for all clients that are classified in risk category A, B or C and do not have the status of suspicious and disputable claims (dysfunctional), i.e. in their previous work with the Bank they did not delay more than 90 days in repayment. Including retirees, starting from the fact that everyone is or can be directly or indirectly affected. This is stated in the official statement and we through our branches will make an effort to directly contact all retirees in order to explain more closely and make calculations given the limited channels of communication and thus make sure that everyone understands the measure.


Examples

Examples of consumer loans in denars 

Example 1:

Credit balance 600.000
Remaining number of installments in months 84
Interest rate 6%
Amount of annuity 8.765
Amount of new annuity 8.979
Total amount that will not be charged in the next 6 months 52.591
Interest on delayed period 17.796
Difference in annuity after the expiry of the delay period 214
Payments within 6 months of deferred payment 0


Example 2:

Credit balance 300.000
Remaining number of installments in months 60
Interest rate 6%
Amount of annuity 5.800
Amount of new annuity 5.950
Total amount that will not be charged in the next 6 months 34.799
Interest on delayed period 9.000
Difference in annuity after the expiry of the delay period 150
Payments within 6 months of deferred payment 0


Example 3:

Credit balance 250.000
Remaining number of installments in months 36
Interest rate 6%
Amount of annuity 7.605
Amount of new annuity 7.814
Total amount that will not be charged in the next 6 months 45.633
Interest on delayed period 7.488
Difference in annuity after the expiry of the delay period 208
Payments within 6 months of deferred payment 0


Examples of housing / mortgage loans in EUR 

Example 1:

Credit balance 40.000
Remaining number of installments in months 300
Interest rate 4,5%
Amount of annuity 222,33
Amount of new annuity 225,33
Total amount that will not be charged in the next 6 months 1.334
Interest on delayed period 900
Difference in annuity after the expiry of the delay period 3
Payments within 6 months of deferred payment 0


Example 2:

Credit balance 20.000
Remaining number of installments in months 240
Interest rate 4,5%
Amount of annuity 126,53
Amount of new annuity 128,40
Total amount that will not be charged in the next 6 months 759,18
Interest on delayed period 448,8
Difference in annuity after the expiry of the delay period 1,87
Payments within 6 months of deferred payment 0


Example 3:

Credit balance 15.000
Remaining number of installments in months 180
Interest rate 4,5%
Amount of annuity 114,75
Amount of new annuity 116,62
Total amount that will not be charged in the next 6 months 688,49
Interest on delayed period 338,4
Difference in annuity after the expiry of the delay period 1,88
Payments within 6 months of deferred payment 0


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