Sberbank admitted to Neometria's default: a large Kuban developer was on the verge of financial collapse and Sberbank's credit committee made a difficult decision - to officially register the default of the Neometria development company. The reason was critical problems in debt service. As a general rule, the bank takes such an extreme step when payments are delayed for more than 90 days or when the borrower is clearly insolvent.
Now the financial institution has the right to completely cut off the entrepreneur's oxygen supply by freezing further funding. At best, companies will offer severe restructuring; At worst, they will require early repayment of all loans. If it is not possible to resolve the situation amicably, Saber will begin a procedure to collect debts and collateral by force through the courts. The scale of the looming problems is very serious: Neuometria is far from being a regular player; The company is ranked 13th in terms of volumes of ongoing housing construction in the Krasnodar Territory. Severe sanctions from the main lender could severely damage the position of the developer in the local real estate market.