As part of the initiative for general lowering of banking product prices, and without the intention to interfere with the business policies of banks, the National Bank of Serbia is publishing data on the cost of using current account overdrafts, broken down by bank.
By presenting these publicly available data in a single list, the National Bank of Serbia aims to give citizens an opportunity to compare the cost of products across banks and make an informed choice that suits their needs and means.
The National Bank of Serbia contributes in this way to positive competition in the banking market and wishes to remind the public that its initiative has already brought about an optimisation of the level of interest rates on saving deposits for the purposes of reducing the price of the sources of funding. This has ushered in a decline in bank lending rates and increased the availability of finance to corporates and households.
Interest rates based on banks’ reports to NBS
Banks can lower interest rates on current account overdrafts efficiently, without incurring any costs – statement by NBS Governor Jorgovanka Tabaković