Serbia c-bank scraps reserve requirement for lessors

The decision, adopted at the latest meeting of the central bank's executive board, creates "scope for lowering the cost of financing via financial leasing and for strengthening the competitive position of leasing providers in the financial market," the National Bank of Serbia said in a statement on its website.

The executive board believes that the exemption of leasing providers from the obligation to maintain reserves in special accounts with banks will make financial leasing a more attractive financial product and help support and promote the financial leasing market as an integral segment of the domestic financial market, the statement read.