Regulatory Alerts2016-03-10
Added · Updated
Law on Default Interest Rate
This Law establishes the mandatory default interest rates and calculation methods applicable to borrowers who default on loan obligations. It mandates that rates for dinar-denominated debts equal the National Bank of Serbia's key policy rate plus eight percentage points, while foreign currency debts are pegged to respective central bank rates plus eight percentage points. The National Bank of Serbia is responsible for publishing these rates, which apply retroactively to replace previous legislation effective from December 25, 2012.
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