HVB Bank approved dinar cash credits without foreign currency clause

Source: Danas Thursday, 19.10.2006. 22:21
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HVB Bank has started with approval of dinar cash credits without foreign currency clause and without including in the settlement the coefficient of retail price growth. Effective interest rate is variable with a tendency to drop and it sums 28,94% per year. The amount of the credits approved with a payment deadline of 1 to 3 years are between 50.000 to 800.000 dinars, with a deposit of 20%.

Taken as example, if a client wished to take a credit of 160.000 which will be paying for 36 months, he will have to make a deposit of 32.000 dinars, and monthly maypment would be 6.217 dinars, and the lowest level of monthly income is 21.000 dinars. Administrative expenses of the bank are 3.200 dinars.

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