Banking and insuranceEconomical
The beginning of the plan to forgive the penalty for late payment of debt in the Cooperative Development Bank

According to the report of financial financial news, citing the public relations of Cooperative Bank, in order to support cooperatives that have problems in paying their debts, Cooperative Development Bank applies a 6% late fee waiver.
According to this plan, all debtors who pay their overdue installments at once by September 17 can use this forgiveness.
It is worth mentioning that in order to facilitate the implementation of the plan and to honor the customers, the authority to forgive has been delegated to all the debt collection committees of branches across the country.