Although Erste & Steiermärkische banka, led by Petar Radaković, has reduced interest rates on cash loans for individuals, as stated by the bank, a further significant drop in interest rates does not seem likely in the near future.
When asked whether the reduction in interest rates for citizens might also mean a reduction in interest rates for businesses, Erste bank responds that the interest rate for businesses is determined by the cost of funding sources and the assessment of the client’s creditworthiness, as well as the specifics of the project itself, such as quality and profitability. In other words, each project and interest rate is determined individually. (G. G.)
