NBS adopts new moratorium on loan repayments  

NBS adopts new moratorium on loan repayments

NBS adopts new moratorium on loan repayments

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At yesterday's extraordinary session, the Executive Board of the National Bank of Serbia (NBS) adopted regulations allowing the postponement of loan and leasing repayments by another two months, from August 1 to September 30. If a client does not refuse the offer within ten days after being notified about it, it will be considered that they have accepted the moratorium. Delaying receivables that became due in July this year but have not been settled has also been enabled, the Executive Board said. Decisions made at yesterday's meeting come into effect today. NBS Governor Jorgovanka Tabakovic said that the central bank had decided to offer a break to retail and corporate clients in repaying their debts because the health crisis was still ongoing. The moratorium applies to loans and other banking products, such as overdraft and credit cards. During the moratorium, banks and leasing companies will not charge any default interest on past due outstanding receivables. 

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