Regulatory Alerts2015-01-01
Decree of NBS No. 19/2015 on information about customer fees and payments provided by banks and branches of foreign banks
Národná banka Slovenska issued this decree to mandate the disclosure of specific information regarding customer fees, payments, and interest rates for banking transactions. Banks must provide written details on annual percentage rates and all associated expenses at the time of contract conclusion, while also submitting half-yearly or event-driven reports on selected transaction fees to the Ministry of Finance and the central bank. This regulation repeals Decree No 21/2011 and entered into force on 1 January 2016.
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