Concerning the statement of the Cabinet of the Governor of the NBS referring to banks that do not use the valid exchange rate when calculating the monthly installments for the approved loans

Banca Intesa Beograd hereby informs the citizens and loan beneficiaries of this bank, that its business operations are based on the policy of complete transparency of the offer and on obeying the principles of correct retail operations and when approving loans bound to foreign currency and payment of installments in dinars, the bank uses exclusively the official middle rate of the NBS valid on the loan disbursement date, i.e. on the date of the payment of the installment, i.e. the current exchange rate as of the payment date. The middle rate of the NBS is always applied in Banca Intesa and with that all current changes of the exchange rate are taken into consideration and the calulation of the monthly installments reconciled with the change of the euro exchange rate. The option of applying different rates from the exchange rate list (selling, middle and buying) when repaying the loan is excluded, which is considered to be the most correct calculation method which protects the clients` interest. This means in practice that this bank calculated its clients lower installments for loans in the last months in accordance with the appreciation of the dinar, charging its incomes, i.e. it noted a significant amount of the total negative exchange rate differences.