Leasing companies exempt from obligation to keep reserves

The Executive Board of the National Bank of Serbia has exempted leasing companies from the obligation to keep reserves in special-purpose accounts with banks.

This results in an opportunity to cut the costs of funding through financial leasing and to strengthen the competitive position of leasing companies in the financial market.

As the NBS Executive Board assessed, exemption of leasing companies from the obligation to keep reserves will contribute to making financial leasing a more attractive financial product and help maintaining and improving the financial leasing market as a segment of the country's integral financial market.