Write-off for loans in Swiss francs that don’t exceed EUR 50,000?

People who took out loans indexed in Swiss francs were hoping for the government to find at least a tentative solution to their problem, but the second meeting with the bankers, under the patronage of the state, proved to be unsuccessful.

As the Vecernje Novosti unofficially finds out, some banks are willing to write off a portion of the loan principal but this is not going to be offered to everyone. Most likely, the principal will be reduced only in the case of those loans which value does not exceed EUR 50,000 which is about 70% of all loans indexed in Swiss francs. Banks are willing to cover some of the costs of this write-off, providing that the state does the same.

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In solving this problem, banks count on a significant financial “injection” from the state. Of EUR 100 million, which is the expected cost of the write-off, the state would cover up to EUR 30 million, while the banks would have to cover the rest. The debtors, however, are wondering what will happen to those loans which value is slightly (a few hundred euro) over the EUR 50,000 limit.

The latest available data on granted loans indexed in Swiss francs, which dates from January 2018, shows that there are 17,684 such loans in Serbia and that a total of 77 billion dinars, or 650 million euro, still has to be repaid on the account of these loans.

At that time, the Credit Bureau said that the majority loans indexed in Swiss francs were mortgages (61.9%), and that their value ranged mostly from 1 to 5 million dinars which, according to the current exchange rate, is about EUR 42,000. About a fifth of all such loans ranges from EUR 42,000 to EUR 84,000, while the value of 1,280 loans indexed in Swiss francs exceeds EUR 84,000.

A new meeting will be scheduled for today at noon or tomorrow in the morning, providing that the Association of Serbian Banks receives the details of the proposal for the legal solution of this problem beforehand.


Adopting the so-called Lex Specialis (a special law) does not mean that the borrowers could not sue their banks. This is one of the points that the legal representatives of the borrowers have been advocating since the very beginning. It remains to be seen in the next few days how far the banks are willing to go and what will be the content of Lex Specialis.

(Vecernje Novosti, 09.04.2019)



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