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The Financial Sector Assessment Program (FSAP) update team found that the authorities have progressed in implementing the key recommendations from the initial assessment. The 2005 FSAP team revealed a number of vulnerabilities, including (i) high credit growth, largely financed by foreign banks,...
Persistent link: https://www.econbiz.de/10012559948
Nonperforming Loans (NPLs) in the banking system constituted 16.5 percent of total loans, owing primarily to the corporate sector. The Credit Bureau, maintained by the Association of Serbian Banks, also discloses dramatic increases in corporate and retail defaults over the past year. NPL...
Persistent link: https://www.econbiz.de/10012247156
This note focuses on the deposit insurance scheme. An analysis of the Deposit Insurance Agency (DIA) is provided to the extent that it is relevant to the management of the deposit insurance scheme and no detail analysis of the other functions performed by the DIA, e.g. bank resolution, is...
Persistent link: https://www.econbiz.de/10012247281
In light of the outflow of deposits in Serbia in late 2008 and early 2009, a series of measures were introduced to … Agency (DIA) to purchase shares of insolvent banks under instruction from the Government of Serbia (GoS). At the time, it was …, primarily spearheaded by the National Bank of Serbia (NBS), to develop a contingency management framework. In particular, the …
Persistent link: https://www.econbiz.de/10012247363
Persistent link: https://www.econbiz.de/10012677296
This paper presents key findings of the First Review under the Stand-by Arrangement (SBA) for the Republic of Serbia …. The banking system of Serbia has weathered the external shocks well, but credit is slowing sharply. To safeguard economic …
Persistent link: https://www.econbiz.de/10014405852
This 2005 Article IV Consultation highlights that macroeconomic imbalances in Serbia and Montenegro widened in 2004 …
Persistent link: https://www.econbiz.de/10014405885
of Serbia and Montenegro in containing the persistently large external imbalance. The paper discusses the causes of the …
Persistent link: https://www.econbiz.de/10014405952
Criteria for Serbia and Montenegro are discussed. The agreed tighter fiscal, monetary, and incomes policies should cool off …
Persistent link: https://www.econbiz.de/10014406085
The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand …
Persistent link: https://www.econbiz.de/10014401094