HVB bank lowered interest rates on dinar "Super cash loans"

HVB bank announced that it had lowered interest rates on the dinar "Super Cash Loans" and that, starting from December 6, 2006, the nominal interest rate was 19.5% instead of 22%, and the effective interest rate had been lowered from 28.94% to 25.35% a year.

Since the interest rates defined by the contracts are variable, monthly installments are automatically lowered for clients who already use those credits.

The Dinar "Super Cash Loans" at HVB Bank neither have a foreign currency clause, nor is the retail price increase coefficient included, and they are approved on a repayment period of one to three years, for amounts ranging from 50,000 to 800,000 RSD.