Regulatory Alerts2025-03-17
Methodology for Calculation of Interest Rates as the Basis for Determining Interest Rate Caps in Accordance with the Law on the Protection of Financial Service Consumers
The National Bank of Serbia issued this methodology to detail the calculation of interest rate caps for loans to natural persons under the Law on the Protection of Financial Service Consumers. It mandates that banks use weighted average nominal interest rates on existing and new business, excluding non-performing loans, to determine caps for variable and fixed-rate housing and other loans. The regulation requires banks to apply these caps within 15 days of publication and obligates the central bank to publish updated rates twice annually and upon changes to key policy rates.
Share