About the payments to Russia and Belarus.
Considering the international sanctions imposed in connection with the Russian government's invasion of Ukraine, please note that further transfers to and from Russia and Belarus may be delayed or not possible. 
Please also note that due to additional monitoring, the processing of any payment may take longer than usual, and the bank may charge an additional fee for checking payments in accordance with the Price List (in connection with ML/TF/PF risk and sanctions risk management - fee for additional due diligence/ compliance check of the customer/ activity/ transaction / payment partner/ documents).

Up-to-date information on sanctions imposed on Russia and Belarus is available on the FCMC website
Here is also the information about the impact of the Russian aggression in Ukraine on our services.



Industra joins the moratorium

The Finance Latvia Association, in cooperation with its members, has worked out the moratorium that enables bank customers (private individuals), who are having short-term financial difficulties caused by the COVID-19 outbreak, to defer mortgage principal payments for up to 12 months and leasing and consumer loan principal payments - for up to six months.

According to the moratorium, a customer will be able to receive a principal payment deferral if the customer had no significant delays in meeting obligations in the last 12 months before 12 March 2020, has not been declared insolvent before that date or during the principal deferral period, and continues to pay, during this period, loan interest and / or other payments specified in the loan agreement. The customer should continue to act in good faith, cooperate fully and openly with the bank, as well as provide to it accurate information.

No commission fee will be charged for reviewing the application of a customer. No other amendments to the agreement that would worsen the customer's situation will be made. The moratorium ensures a simple process of principal payment deferral for customers. The customer will be only required to specify what is the exact reason for the principal deferral in connection with the COVID-19 virus outbreak, for example, reduced income, terminated employment, etc. The customer may also choose a shorter principal deferral period than the one specified under the moratorium.

We urge customers of Industra to carefully and objectively assess their financial capabilities and the development of the situation.

For further information on the grace period in Industra, please contact us on: + 371 67019181,   

For more information on the moratorium initiated by the Finance Latvia Association, please read on: https://www.financelatvia.eu/

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