Photo: freepik.comThe National Bank of Serbia (NBS) has adopted decisions that allow banks to restructure claims on citizens who have difficulties in repaying loans, for three years longer than the current regulatory decision.
The NBS stated that the Decision on supplementing the Decision on the capital adequacy of banks enabled them, without affecting their capital, to natural persons who are in financial difficulties, to restructure claims based on an approved consumer, cash or other similar loan.
"This means that the bank will be able to smoothly extend the repayment term for those types of loans to the debtor, who is facing problems in meeting his obligations, in such a way that the term for cash and consumer loans is shorter than nine years, i.e. for consumer loans for purchases motor vehicles less than 11 years old," the announcement stated.
With the decision on changes to the Decision on temporary measures for banks in order to facilitate access to financing for natural persons, the application of the measure aimed at facilitating the repayment of housing loans to citizens was extended, which means that banks can offer debtors relief in the form of extending the repayment period of housing loans throughout the next year. for a maximum of five years, without that extension being reflected in the regulatory treatment of claims.
It is added that in this way it is possible to continue the incentive for banks to extend the repayment period of housing loans for an additional five years compared to the initially contracted, which in the current circumstances of the growth of the Euribor rate in the short term can reduce the pressure on users of housing loans with variable interest rates and prevent the increase in problematic housing loans.
RESTRUCTURING ONLY ONCE
The debtor will be able to be granted a concession in connection with the repayment of claims, regardless of the degree of his credit indebtedness at the time of restructuring.
The bank will be able to carry out these concessions both on its own initiative with the consent of the debtor, and acting on the reasoned request of the debtor, after which the bank has assessed that there are facts and special circumstances that have influenced the deterioration of the debtor's financial position and thus the possibility of him properly settling his debts. liabilities to the bank.
The term in which the debtor can submit a request to the bank for approval of the restructuring according to the new rules is not limited, but the restructuring can be carried out in this way only once.
The NBS states that by continuously creating an encouraging environment, the banks are able to provide the debtors who really need it with the necessary relief, and they can, in direct communication with commercial banks, negotiate an optimal solution that will overcome the problems.
Source: beta.rs
