During the state of emergency on the Crimean peninsula, VTB Bank granted more than 1.2 thousand credit holidays to residents of Crimea and Sevastopol. About 40 % of applications concerned mortgages, the rest — credit cards, auto loans and cash loans. As VTB’s director in Crimea, declared, the measures are expected to ease the financial burden on clients.
The credit holiday lets borrowers temporarily pause payments, which can be vital during a crisis. It covers all major loan types, giving households flexibility while the regional emergency regime lasts. Such support helps maintain consumption and prevents defaults in a volatile economic environment.
Residents can request the holiday through any convenient channel — VTB Online chat, the call centre, or a bank branch. The process is simple and does not require additional collateral, ensuring rapid assistance for those in need.
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