Q:
A:
Serbia has competitive banking system
Belgrade,
15 May 2006
Governor of the National Bank of Serbia Radovan Jelasic said today that most of domestic banks have not increased interest rates following the increase of required foreign currency reserves to 60%, which is a proof that Serbia has a competitive banking system.
Radovan Jelasic
Author:
FoNet
Opening a regular three-day spring meeting of the Prague Club in Belgrade, Jelasic said that Belgrade banks are currently not in a position to increase prices of their services because they have to maintain the current competitive position, and that they covered the additional costs for external loan borrowing by reducing banking margins.
The Governor familiarised the participants in the meeting with banking reforms in Serbia and said that according to the level of reforms carried out in the financial and banking sector, Serbia is already in the European Union.
The organiser of the seminar is Serbia and Montenegro Export Credit Agency (SMECA). Thirty members of the Prague Club participate in the meeting, including representatives of the World Bank, Italian export agency SACE, Belgian export agency ONDD, the German credit agency (KfW), the German credit insurance agency Atradius, which is the world's second largest credit insurance agency, as well as representatives of the Berne Union.
The Governor familiarised the participants in the meeting with banking reforms in Serbia and said that according to the level of reforms carried out in the financial and banking sector, Serbia is already in the European Union.
The organiser of the seminar is Serbia and Montenegro Export Credit Agency (SMECA). Thirty members of the Prague Club participate in the meeting, including representatives of the World Bank, Italian export agency SACE, Belgian export agency ONDD, the German credit agency (KfW), the German credit insurance agency Atradius, which is the world's second largest credit insurance agency, as well as representatives of the Berne Union.
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