Regulatory Alerts2021-03-18
Added · Updated
Decision on Temporary Measures for Banks to Enable Adequate Credit Risk Management Amid Covid-19 Pandemic
The Executive Board of the National Bank of Serbia mandates banks to offer loan rescheduling and refinancing facilities to borrowers unable to meet liabilities due to the COVID-19 pandemic. These measures include a six-month grace period on principal repayments and ensure that approved facilities do not classify loans as restructured or non-performing, nor trigger additional capital deductions. Banks are required to notify eligible borrowers, process applications within thirty days without charging fees, and submit regular compliance reports to the regulator.
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