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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
This Selected Issues paper on Serbia’s Article IV Consultation reviews the precrisis growth paradigm and its legacy vulnerabilities. The underlying growth model proved vulnerable to shocks, being associated with a high share of nontradable, low domestic savings, and a fragile external...
Persistent link: https://www.econbiz.de/10011244903
not taken off, and economic activity is below precrisis levels amid widespread structural rigidities. Serbia’s economy …
Persistent link: https://www.econbiz.de/10011245570
This 2014 Article IV Consultation highlights that the Serbian economy is facing serious challenges. GDP contracted by …
Persistent link: https://www.econbiz.de/10011243048
Persistent link: https://www.econbiz.de/10012677296
fallout of the global crisis on Serbia. Although the output slump has been limited relative to regional peers, the decline in …
Persistent link: https://www.econbiz.de/10014402954
The fifth review of Serbia’s economic performance under the program supported by a Stand-By Arrangement (SBA) is …
Persistent link: https://www.econbiz.de/10014403544