Effective from 1 December 2025, this reform introduces a complete electronic framework for the issuance, transfer, enforcement, and deletion of promissory notes.
This transition represents a significant modernization of a vital financial instrument, promising greater legal certainty, efficiency, and security for commercial transactions and collateral arrangements throughout the Serbian economy.
Key Implications:
- Operational Start:As of 1 December 2025, commercial banks must enable legal entities and entrepreneurs to use e-promissory notes. Further bank obligations, including mobile banking access and mandatory acceptance as equivalent collateral to paper notes, apply from 1 June 2026.
- Enhanced Efficiency & Security:All actions are performed digitally using a qualified electronic signature, eliminating paper processes. The system aims to reduce costs, speed up procedures, and increase transparency by minimizing the risk of misuse associated with traditional promissory notes.
- Legal Evidence:In legal proceedings, an official extract from the NBS Register will serve as the authentic document replacing the physical note, streamlining enforcement and court processes.
- Cost Advantage:NBS fees for e-promissory notes are set lower than for paper ones, with strict caps on additional bank charges.
The detailed overview is provided by Associate Jana Stanojević from JPM Belgrade office.
