The obligation of banks to apply the Directive and the Code of Conduct when negotiating with borrowers for fair and viable restructuring was discussed by the Governor of the Central Bank and the Association for the Protection of Bank Borrowers (SY.PRO.DA.T.) at a meeting on Monday.
According to a statement by SY.PRO.DA.T., the meeting discussed in depth the complaints and grievances of borrowers regarding their treatment by the Banks, Credit Acquisition Companies and Credit Management Companies.
Central to the whole discussion was the obligation of Banks to apply the Directive and the Code of Conduct when negotiating with Borrowers for fair and viable restructuring.
"The discussion was conducted in a friendly atmosphere and what clearly emerged was a genuine effort to
(CNA)
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