Liquidity loans program starts
As of this Monday, Serbia's economy has at its disposal new liquidity loans subsidized by the state.
Monday, 18.05.2009.
12:06
As of this Monday, Serbia's economy has at its disposal new liquidity loans subsidized by the state. These loans will come with an annual interest rate of three percent. Liquidity loans program starts At the same time, the state expects banks to increase funds for this program by RSD 40bn. The Serbian dinar (RSD) indexed loans will now come with an interest rate of 10.5 percent. "The subsidized liquidity loans program is in exceptional demand. So far over EUR 300mn have been placed through banks and as much is being processed by commercial banks," Ministry of Economy State Secretary Nebojsa Ciric told B92. Ciric also stated that the trend is for Serbia's economy to start using the dinar-indexed loans, "since the exchange rate of the domestic currency has been stable for a period of time". He also expects the loans to be stable, with the central bank (NBS) key policy rate "going down in the coming period".
Liquidity loans program starts
At the same time, the state expects banks to increase funds for this program by RSD 40bn.The Serbian dinar (RSD) indexed loans will now come with an interest rate of 10.5 percent.
"The subsidized liquidity loans program is in exceptional demand. So far over EUR 300mn have been placed through banks and as much is being processed by commercial banks," Ministry of Economy State Secretary Nebojša Ćirić told B92.
Ćirić also stated that the trend is for Serbia's economy to start using the dinar-indexed loans, "since the exchange rate of the domestic currency has been stable for a period of time".
He also expects the loans to be stable, with the central bank (NBS) key policy rate "going down in the coming period".
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