Arm’s Length Interest Rates Published for 2015 and 2016

Interest rates listed in the rulebook that apply to banks and financial leasing companies are:

• 6.29% applicable to short-term loans in RSD;
• 13.46% applicable to long-term loans in RSD;
• 3.90% applicable to loans in EUR and dinar loans indexed in EUR;
• 6.78% applicable to loans in USD and dinar loans indexed in USD;
• 1.37% applicable to loans in CHF and dinar loans indexed in CHF;
• 3.92% applicable to loans in SEK and dinar loans indexed in SEK;
• 3.76% applicable to loans in RUB and dinar loans indexed in RUB.

Interest rates listed in the rulebook that apply to other companies are:

• 10.81 % applicable to short-term loans in RSD;
• 9.99% applicable to long-term loans in RSD;
• 5.34 % applicable to short-term loans in EUR and dinar loans indexed in EUR;
• 5.07% applicable to long-term loans in EUR and dinar loans indexed in EUR;
• 6.57% applicable to long-term loans in CHF and dinar loans indexed in CHF;
• 3.67% applicable to short-term loans in USD and dinar loans indexed in USD;
• 5.71% % applicable to long-term loans in USD and dinar loans indexed in USD.

The rulebook was published on 9 February 2016 in the Official Gazette of Republic of Serbia no. 12/2016 and shall enter into force on the eight day upon publishing.