International Information Centre for Balkan Studies

Serbia’s NBS introduces moratorium on loan repayment during state of emergency

March 17, 2020

The National Bank of Serbia(NBS) decided on Tuesday to introduce the moratorium on credit and leasing repayment during the state of emergency declared in the country last Sunday to prevent the spreading of the new coronavirus, N1 reported.

That means that banks or leasing companies won’t calculate default interest on unpaid debts and won’t launch the execution procedure or other legal actions against the debtors as long as the state of emergency is in place.

Those who want to service their debt can do that.  

Source:  http://rs.n1info.com/English/NEWS/a578929/NBS-declares-moratorium-on-loans-repayment-in-Serbia.html

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