NBS warns: Don’t borrow from companies engaging in unauthorized lending

On Friday, the National Bank of Serbia warned the citizens not to borrow money from companies which engage in unauthorized lending.

– The NBS has obtained information that Dinexu, a company with registered office at the address Kirchgasse 35-43, Wiesbaden, Hesse, Germany, has engaged in unauthorized lending in the territory of the Republic of Serbia, electronically offering and approving "quick and favorable loans for every situation" – cash loans, housing, mortgage, car loans, loans for refinancing and loans for pensioners. The NBS appeals to all citizens not to borrow money from this company under any circumstances, as it does not have an operating license issued by the NBS, nor does the NBS supervise its work – the NBS says in an announcement.

The NBS, as further said, supervises the operations of banks and other financial institutions to which it has issued a license to operate, but it is not authorized to supervise the operations of entities that do not have such a license. Borrowing from such companies entails a significant risk that citizens’ trust will be abused and that they will not be able to protect their rights and interests. In that case, the NBS cannot guarantee that the rights of citizens will be adequately protected, and therefore citizens will suffer the harmful consequences of the aforementioned abuses.

– That is why we strongly advise all citizens to be careful and to take loans only from institutions that are legally authorized to engage in that specific business, as well as to inform the Ministry of the Interior if they know of any person illegally engaging in lending as this constitutes a criminal offence. The list of banks operating in the Republic of Serbia is available on the NBS website – the NBS says.

The NBS says that it will, as before, undertake all the necessary measures within its remit to protect the financial service consumers and ensure a safe and transparent financial environment, and remain consistently committed to its task of protecting the interests of citizens and ensuring that all financial processes are transparent, safe and in accordance with the legal framework.

Ministarstvo unutrašnjih poslova Republike Srbije

Narodna banka Srbije Beograd

Ministry of the Interior

National Bank of Serbia

Dinexu

unauthorized lending

credits

loans

NBS license to operate

financial service users