Regulatory Alerts2021-03-18
Decision on Temporary Measures for Financial Lessors to Enable Adequate Credit Risk Management Amid Covid-19 Pandemic
The Executive Board of the National Bank of Serbia mandates financial lessors to provide repayment facilities to lessees whose financial positions have deteriorated due to the COVID-19 pandemic. These measures include a six-month grace period for principal payments and require lessors to notify eligible clients, process applications within thirty days, and submit regular regulatory reports without charging additional fees. The decision ensures that approved facilities do not trigger a significant increase in credit risk or alter the regulatory treatment of the lessor's claims.
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