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09. Oct 2019 at 17:15 Slovenija News

Central bank formally restricts reckless consumer loans

EPA|Bo odškodnine morala plačevati Banka Slovenije?
Bo odškodnine morala plačevati Banka Slovenije? Foto: EPA

Bank of Slovenia has formally restricted reckless consumer lending practices.

The move comes after issuing a set of recommendations last November.

The central bank has also imposed stricter conditions.

In this line, the borrower will have to be left with at least 76% of the gross minimum wage after paying the monthly instalment.

The restrictions will come into effect in November.

L.P.