The second moratorium on loan repayment for clients of commercial banks and financial leasing companies introduced by Serbia’s central bank on August 1 applied to loans worth about 1 billion euro ($1.2 billion), the country’s banking association said on Friday.
As many as 82% of individuals and 69% of entrepreneurs availed themselves of the moratorium, which will expire on September 30, the banking association said in an e-mailed statement.
In the coming days, banks will deliver a new repayment plan to clients who have accepted the moratorium, by mail or e-mail, and clients will have seven days to comment on the offered plan, the banking association said.
On August 1, the central bank introduced a fresh two-month moratorium on loan repayments after the first, 90-day moratorium, expired at the end of June. As many as 93% of individuals and 94% of entrepreneurs availed themselves of the first moratorium, which applied to loans worth about 2 billion euro in total.
Serbia’s central bank introduced the first moratorium on March 18 in order to mitigate the impact of the coronavirus crisis on the country’s economy.
