Leasing

Pursuant to the Law on Amendments and Supplements to the Law on Financial Leasing («RS Official Gazette» no. 61/2005), supervision of financial leasing companies has been added to National Bank of Serbia′s scope of responsibilities. As stipulated by this Law, the National Bank of Serbia is also the institution which issues licenses to perform financial leasing operations, grants consent regarding the appointment of the members of financial leasing companies′ management bodies and undertakes corrective measures against lessors in whose operations irregularities and illegalities were found.

In addition, the National Bank of Serbia issues secondary legislation envisaged by the Law on Financial Leasing, whereby it regulates in detail the operations of financial leasing companies.