Ak Bars Bank reduced the term of issue of soft loans to business using blockchain technology

2020: Connection to a blockchain platform of FTS

On May 13, 2020 Ak Bars Bank announced connection to a blockchain platform of Federal Tax Service of the Russian Federation which promotes accelerated prosecution by bank of requests of legal entities and individual entrepreneurs, victims of a pandemic of a koronavirusny infection. Service allows to process quickly requests of entrepreneurs for a non-interest loan for salary payment.

"Thanks to Ak Bars Bank service will be able to estimate requests for issue of non-interest loans to business for salary payment almost instantly and to give timely support for the clients", Olga Yasonova, the managing director — the head of the block of corporate business noted the Ak Bars of Bank

The loan for salary is granted to legal entities and individual entrepreneurs who treat the industries which were injured from a pandemic. The enterprises which saved 90% of workers in March, 2020 can use support. The request for the credit can be issued on the website of bank or in department.

For support of business of Ak Bars Bank developed a packet of anti-recessionary actions both for acting, and for new clients. The program of refinancing of bank using the preferential subsidized rates will allow to reduce the size of monthly payments and to reduce the total amount of an overpayment on the credits. That the acting clients could cut down the expenses, the bank suspended collection of the commission for service of a credit line. The bank also provides an express delay on payments for up to 6 months with operational consideration of each request.