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Ilic meets with brokerage, financial leasing providers
Belgrade,
3 November 2008
State Secretary at the Serbian Ministry of Finance, Slobodan Ilic, had a meeting today with representatives of the financial leasing providers themed "Possible Impact of the International Financial Crisis on Serbia – Dialogue with the Financial Sector“.
Representatives of the financial leasing providers asked the Ministry to give back their deposits totalling €150 million, deposited with the National Bank of Serbia (NBS), in light of the looming global financial crisis.
Ilic recalled that on October 25 the NBS decided to relieve the leasing companies from placing deposits for loans from from abroad, starting October 1.
For monies taken before this date, a 20% deposit remains compulsory, Ilic said.
As for the leasing companies’ request to be freed from VAT on interest, as well as their request for tax incentives, Ilic said that the Ministry will consider the effects of such measures on the Serbian budget.
He also met today with representatives of brokerage firms who requested reduced fees, freeing up of their guarantee deposits as well as issuance of corprate bonds.
Ilic recalled that on October 25 the NBS decided to relieve the leasing companies from placing deposits for loans from from abroad, starting October 1.
For monies taken before this date, a 20% deposit remains compulsory, Ilic said.
As for the leasing companies’ request to be freed from VAT on interest, as well as their request for tax incentives, Ilic said that the Ministry will consider the effects of such measures on the Serbian budget.
He also met today with representatives of brokerage firms who requested reduced fees, freeing up of their guarantee deposits as well as issuance of corprate bonds.
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