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Persistent link: https://www.econbiz.de/10012677296
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
The program remains on track and the economy continues to strengthen. Significant fiscal over-performance and renewed efforts to address structural weaknesses have helped boost confidence. This, along with a healthy credit recovery on the back of substantial monetary policy easing, has helped...
Persistent link: https://www.econbiz.de/10011690630
Serbia’s transition to a more sustainable growth model remains incomplete and fragile. A precautionary Stand … prudent step in the present uncertain global and regional environment. However, without improving Serbia’s difficult …
Persistent link: https://www.econbiz.de/10014397890
Serbia has undergone a significant transformation, going from post-conflict devastation to being a legitimate aspirant …
Persistent link: https://www.econbiz.de/10014398547
This paper highlights the Federal Republic of Yugoslavia’s Second Review Under the Stand-By Arrangement and Modification of Performance Criteria. Economic activity is recovering from low levels in the Republic, while progress has been made in lowering inflation. Adjusting for large increases...
Persistent link: https://www.econbiz.de/10014399133
The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand …
Persistent link: https://www.econbiz.de/10014401094