Amendments to the Regulations on providing credit risk bearing products

On 31 December 2021 the amended Regulations on Providing Credit Risk Bearing Products will come into force.

The most important amendments include:

  • changes resulting from the Benchmark Regulation (BMR) and the introduction of risk-free rates (RFRs)*:

- we added the terms ON RFR and compounded RFR in the definition of Base Rate,
- we added provisions explaining how we use Base Rates based on compounded RFRs for loans and discounted products,
- we modified the way we inform borrowers and debtors of the Bank securing the loan collateral of changes in interest rates,
- we added Appendix No. 2 “Calculation of interest on loans and discounted products using compounded ON RFRs”.

  • we described the consequences of violating the Act of 1 March 2018 on Counteracting Money Laundering and Terrorism Financing by the Customer or the Debtor.
  • we defined the date of concluding the Agreement in electronic form.
  • we also clarified certain other provisions; for a list of amended provisions and the amended wording of the Regulations valid as of 31 December 2021, go to:

*For more information go to:


SME and Corporates