Regulatory Alerts2021-01-20
Decision on Conditions for Residents Granting Loans to Non-Residents and Providing Collaterals
The Executive Board of the National Bank of Serbia adopted this Decision to regulate the conditions under which resident legal entities may grant financial loans to non-residents and issue warranties or provide other collaterals. The regulation permits loans to EU-based non-residents and non-EU non-residents if the resident is the majority owner, while allowing collateral issuance for various credit operations involving EU entities or majority-owned non-EU debtors. The National Bank of Serbia retains the authority to impose case-by-case limitations to safeguard public policy and financial stability, and public enterprises require prior Government consent to perform these operations.
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