Old frozen bonds

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Eurobank as the legal follower of the Nacionalna štedionica is servicing the conversion of foreign currency into bonds of Republic of Serbia and payment of due rates to clients of the banks which are in procedure of bankruptcy or liquidation listed bellow:

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  • Slavija banka AD
  • Privredna banka Novi Sad
  • Valjevska banka
  • JIK banka
  • Požarevačka banka
  • Šabačka banka
  • Loznička banka
  • Beobanka
  • Jugobanka
  • Invest banka
  • Borska banka
  • Jugobanka Jug banka a.d. Kosovska Mitrovica (by Regulation on detailed terms and means of payment foreign currency savings of the citizens whose assets were deposited with Jugobanka Jug-banka a.d. Kosovska Mitrovica)

For all disputable claims the clients should address to the Agency for the bank sanitation or Court of Commerce in Belgrade.

The Right for conversion and payment

For the conversion and payment of due rates are entitled all citizens (holders of frozen bonds – old savings), who had residence in the Republic of Serbia on the day of 4th July 2002, in accordance with the Law on public debts regulation. The owners of old frozen bonds and accounts of Former Republics of the SFRJ and citizens of the Former Republics of SRJ have to wait for the succession process to be completed, for the settlement of its requirements. Regulated by the article 3. of the Law on Regulating Public Debt of SRJ for old savings bonds of citizens, the above mentioned Debt is transferred into a Debt of Republic of Serbia – proportional to the amount of old savings bonds of the citizens whose residence is on the territory of these republics.

The right for conversion is determined for each foreign currency account. The depositor who had several accounts, can realize its rights for each account devided by yearly rates. After the conversion, the Bank issues to the client Certificate confirming the conversion of the old savings into the bonds of the Republic of Serbia and their registration at the owners account in CRHoV. By the conversion of savings into bonds of RS, the owner’s accounts are opened in Central Registry of Bonds. To access these funds from the owners account in CRHoV, the clients must have the new notarized (by Court of Law or Consulate) authorization (power of attorney) for trade representation.

Payment to clients of Dafiment bank and the Bank of private commerce Montenegro (Jugoskandik)

In accordance with the article 5. of Law on regulation of public debts SRJ on the basis of old savings bonds of citizens who deposited at Dafiment bank a.d. Belgrade and the Bank of private commerce Montenegro d.d. Podgorica (Sl. list SRJ br.36/2002) and the Decree of emission of bonds of the Republic of Serbia for conciliation of stated obligation, all foreign currency deposits of these two banks are converted into the bonds of RS recalculated into EURO currency.

National bank of Serbia processes all data of clients from Dafiment bank a.d. Belgrade and Bank of private commerce Montenegro d.d. Podgorica.

Eurobank EFG is only servicing conversion and disbursement for the clients of these two banks in accordance with the Law.
The right for conversion is determined per depositor – citizen, based on personal identification number. Depositor, who had several contracts, realizes his right for one account which represents the sum of all contracts and realizes its right for one payment per year.

The right for conversion and payment of due rates have the citizens with residence on the territory of Serbia. After the conversion, the Bank issues to the clients a Certificate confirming the conversion of the old savings into the bonds of Republic Serbia and their registration on owners account at CRHoV.
By the conversion of savings into bonds of RS, the owner’s accounts are opened in Central Registry of Bonds. To access these funds from owners account in CRHoV, the clients must have the new notarized (by Court of Law or Consulate) authorization (power of attorney) for trade representation. It has been enabled to all clients the payment of due rates, the trade within or without stock exchange, as well as premature payment regulated by the article 13. and 14. of the Law.

Note: You can download Authorization form for foreign currency deposits on page Disbursement of old frozen bond.