Regulatory Alerts2020-03-18
Decision on Temporary Measures for Preserving Financial System Stability
The Executive Board of the National Bank of Serbia issued this Decision to preserve financial system stability during the COVID-19 pandemic by mandating banks to offer borrowers a debt payment moratorium. Banks are required to implement this suspension of payments for at least 90 days without charging default interest or initiating enforcement procedures, while borrowers are deemed to have accepted the offer unless they explicitly refuse within ten days. Additionally, banks must harmonize internal acts, report monthly on implementation results, and ensure that receivables under these facilities are not classified as non-performing loans.
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