Regulatory Alerts2024-12-30
Decision on Measures for Safeguarding and Strengthening Stability of the Financial System
The Executive Board of the National Bank of Serbia issued this Decision to mitigate financial system risks arising from foreign currency-denominated loans by restricting their approval to natural persons. The regulation mandates a minimum 30% downpayment for indexed loans and caps mortgage loan-to-value ratios at 80%, with specific exceptions allowing up to 99% for government-supported first-home purchases. These measures apply to residential properties and exclude entrepreneurs, farmers, and non-indexed dinar loans from the foreign currency restrictions.
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