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Serbia to relax bank loan rules

SerbiaPosted by Chambers of Commerce Sweden - Southeast Europe Tue, March 02, 2010 21:54:40

Serbia’s central bank governor, Radovan Jelasic, acknowledged on Monday that foreign banks, including Greek institutions squeezed at home, would lower their loan exposure under relaxed rules next month. The country’s 10 largest foreign-owned banks, all based in the European Union, can reduce their exposure by up to 20 per cent without any threat to macroeconomic stability now, Mr Jelasic said.
“This 20 per cent demonstrates the conviction of the National Bank of Serbia and the international financial institutions that the situation is better than expected,” he said. REad the whole article in Financial Times here.

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