Effective Interest Rates

Short term loans for legal entities and enterpreneurs

Effective interest rates on Srpska banka a.d. loans

Short term dinar loans and loans on the basis of endorsed Bills of Exchange
Maturity: up to 12 months
Nominal interest rate: 1.60% - 2.20% per month
or
NBS reference rate + 10 to 12 percentage points
Effective interest rate: from 22,40% p.a.
Dinar loans without revaluation criterion
Short term dinar loans with foreign currency clause
Maturity: up to 12 months
Nominal interest rate: 0.90% - 1.20% per month
or
NBS reference rate + 2.0 to 3.5 percentage points
Effective interest rate: from 12.67% p.a.
Disbursement of the loan is done at NBS’ buying exchange rate for foreign currency on the date of the loan disbursement and repayment of the loan is done at NBS’ selling exchange rate for foreign currency on the date of loan repayment.
In accordance with the recommendation of National Bank of Serbia, we would like to draw your attention to the fact that exchange rate risk is inherent to loans with foreign currency clause indexed in foreign currency.
Required documentation for loan approval

Issuance of dinar payments and performance guarantees

Srpska banka a.d. issues dinar guarantees and guarantees with foreign currency clause, both payment guarantees and performance guarantees (performance bonds, advance payment guarantees, bid bonds, guarantees for defect repairments in warranty period). In addition, the Bank issues Letters of good intent to issue before mentioned guarantees, necessary for participation in tenders.
Required documentation for issuance of guarantees and Letters of good intent for issuance of guarantees.

Bills of Exchange discount

Srpska banka a.d. performs Bills of Exchange discounts for its clients, where Srpska banka a.d. has an agreement of Bill of Exchange discount with the drawers of the discounted Bills.

Short term foreign currency loans
Maturity:                                     up to 12 months
Nominal interest rate:            0.90% - 1.20% per month
Effective interest rate:             from 12.67% p.a.

Dinar term deposits
Period:                   1-12 months (1 month minimum)

Dinar transaction deposits and sight deposits: up to the level of NBS discount rate
Effective interest rate is equal to nominal interest rate
Term foreign currency deposits and dinar deposits with foreign currency clause:
Transaction deposits and sight deposits:

• foreign currency transaction deposits in EUR: up to 7-day interbank EURIBOR;
• foreign currency sight deposits in EUR and dinar sight deposits with foreign currency clause in EUR: up to 7-day interbank EURIBOR;
• foreign currency transaction deposits in other currencies: up to 7-day interbank LIBOR in accordance with the currency of deposit;
• foreign currency sight deposits in other currencies and dinar sight deposits with foreign currency clause in other currencies: up to 7-day interbank LIBOR in accordance with the currency of deposit.

Effective interest rate is equal to nominal interest rate
Term deposits:

Term foreign currency deposits in other currencies and dinar deposits with foreign currency clause: