Sberbank Serbia realizes first loan from Belarus credit line

Sberbank Serbia has successfully realized the first loan from the credit line with Belarus, thanks to its long-term cooperation with a bus importer from the country. The bank is the only one in the local market to have signed a preferential agreement with the Government of Belarus based on subsidizing a part of the interest rate in the amount equal to the NBS discount rate.

The Belarus government stimulates the export of local products in the way which enables the purchase of those products under preferential conditions in Serbia, through importers and distributors of equipment or vehicles.

The loan amounts to RSD 44,400,000. Considering that the loans are realized within the subsidized program, Sberbank Serbia is able to provide its clients with very favorable conditions with an annual interest rate of 4.3%. Based on the current cooperation with local companies, importers of equipment and vehicles made in Belarus, Sberbank Serbia will increase the base of its new clients in the sector of transportation. Participation in the program will contribute to increased competitiveness and open new market possibilities for the target group of clients.

As stated in the bank’s report, aside from local companies using agricultural machines and vehicles, large clients, such as public transport companies and companies active in the mining industry, also find the agreement interesting, since numerous clients of this type have been traditionally oriented to renowned producers of equipment and commercial vehicles from Belarus.

The process of applying for loans from the credit line with Belarus is no different than for any other loan for the purchase of equipment or vehicles.

Naša AIK Banka a.d. Beograd

The Government of Belarus

Narodna banka Srbije Beograd

Sberbank Serbia

credit line with Belarus

NBS

subsidized interest

NBS discount rate