Agreement to convert CHF loans into convertible marks reached in Republic of Srpska

(Photo: Mike VON BERGEN/shutterstock.com)

As Dodik said, the agreement calls for the conversion into loans denominated in the local currency at the current exchange rate, a fixed interest rate of 5.99%, the write-off of 30% of the total amount, and the write-off of 50% of the loan for 25% of the most endangered clients.

He underlined that the state would not have any obligations and that clients wouldn't have to pay any additional costs.