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Bank of China Srbija,
akcionarsko društvo Beograd

Address: Bulevar Zorana Đinđića 2a, 11070 Beograd

Tel: +381 11 6351 000


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Notice to Clients Regarding Additional Delay of Debt Repayment


Dear Customers,

Bank of China Srbija, in accordance with the Decision on temporary measures for banks to mitigate the consequences of the Covid-19 pandemic for the purpose of preserving of stability of the financial system, issued by National Bank of Serbia on July 27th 2020, offers to all its customers who have loans and other obligations that are repaid periodically with our Bank a temporary suspension of debt repayments (“moratorium”).

In particular, this means a delay in the repayment of your obligations that are due starting from August 1 and ending on September 30, 2020. After the expiration of that period, the repayment regularly continues under the conditions defined in the contract which created the obligation to repay, provided that the term of the contractual obligation is extended for the duration of the moratorium.

During the moratorium, the Bank will charge regular (contractual) interest, and in the case of a legal entity, regular interest will also be charged on the principal amounts of the debt that fall due during the moratorium.

Upon the end of the moratorium, regular interest will be evenly distributed over the repayment period of loans and other products and will not be added to the principal of the debt, and the repayment period will be extended for the duration of the moratorium.

If you do not refuse the offer for suspension of debt repayments within 10 days from the day of publication of this notification, either by email or in writing to the Bank′s address, it shall be deemed that you have accepted this offer. In that case, the Bank will provide you with a new repayment plan for your obligations.

Bank of China Srbija a.d. Beograd
July 30, 2020