LOAN RESTRUCTURE

We would like to inform you that Banca Intesa (hereinafter: the Bank), in accordance with the Decision of the National Bank of Serbia on amendments to the Decision on temporary measures for banks in order to adequately manage credit risk in the portfolio of agricultural loans in conditions of difficult agricultural production (published in the Official Gazette of the Republic of Serbia, No. 5/2023 on 24 January 2023, hereinafter: the Decision), enabled the submission of requests for restructuring of, in addition to agricultural loans,  loans to entities engaged in the purchase and storage of fruit in cold stores in accordance with the regulations (hereinafter: the Request).

The restructure implies a change in the terms of an individual loan so as to allow the beneficiary a grace period in repayment of all its obligations to the bank under that loan for a period of 6 to 12 months (depending on which period the beneficiary opts for in the Request). During the grace period, the Bank does not collect receivables on the basis of principal, whereby it charges the agreed interest, and the loan repayment period is extended so that the amount of the future annuity determined at the time of the approval of the restructure does not exceed the amount of the annuity in the period before the restructure was applied.

For loans granted under the guarantee scheme of the Republic of Serbia or with the guarantee of international financial institutions, as well as on the basis of subsidized loans, the restructure may be applied only with the prior consent of the grantors of that guarantee or subsidy.

The loan repayment conditions contracted by approving the restructure (amount of interest rate, additional collateral, etc.) cannot be less favourable for the beneficiary than the originally contracted conditions.

Submission of the Request is possible if, on 31 May 2022, the following conditions are met:

1. the beneficiary is not overdue for more than 90 days under any obligation to which the restructure applies;
2. the beneficiary is not in default status in the Bank within the meaning of the regulations of the National Bank of Serbia;
3. the bank's claims against the beneficiary are not considered to be a problematic loan, i.e. a problematic claim within the meaning of the regulations of the National Bank of Serbia.

The Decision shall apply to liabilities based on loans granted to the beneficiary up to 25 January 2023.

If you want to use the restructure prescribed by the Decision, it is necessary to submit the Request for the loan restructure no later than April 30, 2023, in one of the following ways:

1. With your advisor;
2. by submitting a completed and signed Request to the e-mail address olaksice_AGR@bancaintesa.rs;
3. by sending the completed and signed Request by mail to the address Banca Intesa ad Beograd, Milentija Popovića 7b, 11070 Novi Beograd, with the indication “For the restructure of agricultural loans 2022 - sector MB”. 

The application form can be downloaded HERE.

The Bank will not charge a fee for taking measures and activities in accordance with the Decision, nor the costs it may incur in connection with these measures and activities, including the costs for processing the client's Request. 

The Bank is obliged to decide on the Request and inform the client about that decision within 30 days from the date of receipt of the Request.

Representative examples of the method of repayment of liabilities before and after the application of the restructure are as follows:

Redni broj	Datum	Opis	Anuitet	Uplata /otplata  glavnice	Uplata  kamate	Stanje kredita
1	27.06.2022	isplata kredita		120,000.00		120,000.00
2	27.07.2022	grejs	500.00		500.00	120,000.00
3	27.08.2022	grejs	516.67		516.67	120,000.00
4	27.09.2022	grejs	516.67		516.67	120,000.00
5	27.10.2022	grejs	500.00		500.00	120,000.00
6	27.11.2022	grejs	516.67		516.67	120,000.00
7	27.12.2022	grejs	500.00		500.00	120,000.00
8	27.01.2023	otplata	20,516.67	20,000.00	516.67	100,000.00
9	27.02.2023	otplata	20,430.56	20,000.00	430.56	80,000.00
10	27.03.2023	otplata	20,311.11	20,000.00	311.11	60,000.00
11	27.04.2023	otplata	20,258.33	20,000.00	258.33	40,000.00
12	27.05.2023	otplata	20,166.67	20,000.00	166.67	20,000.00
13	27.06.2023	otplata	20,086.11	20,000.00	86.11	0.00
Ukupno			124,819.44	120,000.00	4,819.44

 

Redni     broj	Datum	Opis	Anuitet	Uplata /otplata  glavnice	Uplata  kamate	Stanje kredita
1	27.06.2022	isplata kredita		120,000.00		120,000.00
2	27.07.2022	grejs	500.00		500.00	120,000.00
3	27.08.2022	grejs	516.67		516.67	120,000.00
4	27.09.2022	grejs	516.67		516.67	120,000.00
5	27.10.2022	grejs	500.00		500.00	120,000.00
6	27.11.2022	grejs	516.67		516.67	120,000.00
7	27.12.2022	grejs	500.00		500.00	120,000.00
8	27.01.2023	otplata	20,516.67	20,000.00	516.67	100,000.00
9	27.02.2023	grejs	430.56		430.56	100,000.00
10	27.03.2023	grejs	388.89		388.89	100,000.00
11	27.04.2023	grejs	430.56		430.56	100,000.00
12	27.05.2023	grejs	416.67		416.67	100,000.00
13	27.06.2023	grejs	430.56		430.56	100,000.00
14	27.07.2023	grejs	416.67		416.67	100,000.00
15	27.08.2023	grejs	430.56		430.56	100,000.00
16	27.09.2023	grejs	430.56		430.56	100,000.00
17	27.10.2023	grejs	416.67		416.67	100,000.00
18	27.11.2023	grejs	430.56		430.56	100,000.00
19	27.12.2023	grejs	416.67		416.67	100,000.00
20	27.01.2024	grejs	430.56		430.56	100,000.00
21	27.02.2024	otplata	20,430.56	20,000.00	430.56	80,000.00
22	27.03.2024	otplata	20,322.22	20,000.00	322.22	60,000.00
23	27.04.2024	otplata	20,258.33	20,000.00	258.33	40,000.00
24	27.05.2024	otplata	20,166.67	20,000.00	166.67	20,000.00
25	27.06.2024	otplata	20,086.11	20,000.00	86.11	0.00
Ukupno			129,900.00	120,000.00	9,900.00