EUR 2 Billion in Corporate Loans Available from Tuesday – Several Decrees Adopted

The Government of Serbia adopted, on April 16, the decree on the guarantee scheme which will provide EUR 2 billion in corporate loans, to be available from Tuesday, Serbian Finance Minister Sinisa Mali said.

At the media conference at the Palace of Serbia on the occasion of the new economic measures to fight Covid 19, Mali said that the government had adopted three decreed and that one of them secured EUR 2 billion in corporate loans, the majority of which is under state guarantee.

– Beginning with Tuesday, the first working day after the holidays, the funds will be made available to all companies, micro, small and medium enterprises – Mali said.

Mali added that the loans were issued for a period of 36 months, with a grace period of nine and 12 months.

The vice governor of the National Bank of Serbia, Zeljko Jovic, said that EUR 2 billion was an adequate amount, matching the needs of the economy and that EUR 1 billion was planned for the upgrading of the equipment, whereas another billion is meant for new credits.

He said that 80% of the planned amount was covered by state guarantees.

– This provides a possibility of entering the program with very favorable interest rates, as the risk is handled by the state – Jovic said.

As he said, the NBS has also provided additional stimulus measures. Each bank which offers loans through this program will have additional regulatory exemptions.

Vlada Republike Srbije

Ministarstvo finansija Republike Srbije

Narodna banka Srbije Beograd

Udruženje banaka Srbije

Poreska uprava Srbije

NBS

Siniša Mali

Željko Jović

Vladimir Vasić

decree on guarantee scheme

credits

loans

corporate loans

companies

economy

Palace of Serbia

economic measures

Covid 19

coronavirus

decrees

equipment upgrade