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Dr. Veroljub Dugalic Secretary General

BANKING. SECTOR. OF SERBIA. Dr. Veroljub Dugalic Secretary General. " Old " foreign exchange savings Hyperinflation 352,000,000,000,000% (31.12.1993 : 31.12.1992) exchange rate : 1 USD = dinars (31.12.1993) official : 1 , 775 , 998 , 648 , 615

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Dr. Veroljub Dugalic Secretary General

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  1. BANKING SECTOR OF SERBIA Dr. Veroljub Dugalic Secretary General

  2. "Old" foreign exchange savings Hyperinflation 352,000,000,000,000% (31.12.1993 : 31.12.1992) exchange rate: 1 USD = dinars (31.12.1993) official: 1,775,998,648,615 "black market": 8,500,000,000,000 Pyramidal institutions REMEMBER THE PAST

  3. Loss of confidence in banks Savings disappeared Reform in the year 1993 RESULT:

  4. Consolidation of banks Extinction of the 4 major banks Privatisation Regulatory role of the National Bank of Serbia Change of regulatory framework International Standards for Financial Reporting – ISFR Basel THE NEW BEGINNING: YEAR 2001

  5. SERBIAN BANKING TODAY BANKING SECTOR OF SERBIA in mil. dinars Source: NSB, ASB

  6. SERBIAN BANKING TODAY BANKING SECTOR OF SERBIA in mil.EUR, % Source: ASB, Republic Institute for Statistics

  7. REVENUE STRUCTURE OF BANKSIN THE YEAR 2008 in 000 dinars Source: NBS in billion dinars

  8. FINANCIAL RESULT OF THE BANKINGSECTOR OF SERBIA AND THE NBS in 2008, in billion dinars Source: NBS, ASB National Bank of Serbia Banking Sector of Serbia

  9. SERBIAN BANKING TODAY INTEREST RATES Annual level Source: NBS

  10. INTEREST RATE ELEMENTS – Presentation of elements covered by the price of one housing loan financed from the external sources INTEREST RATE ELEMENTS on 30.06.2009 Administrative expenses (Costs of processing and of the distribution network) Cost of provisioning for the client risk Costs of required reserves (45% earmarked resources) 6m EURIBOR CDS (country risk) 4.21% 2.89% 5.02% 1.31% 4.83% Total interest rate:18.26%

  11. Serbia credit rating BB- Euro money (March 2009): According to its credit rating Serbia occupies the 122nd place out of the total of 186 countries, with 39.03 points out of a maximum of 100 points economic performances 6.80 (max 25) political risk 11.83 (max 25) Institutional Investor (March 2009): According to its credit rating Serbia occupies the 84th place out of the total of 177 countries (score of 40.7 points out of max 100) SERBIA CREDIT RATINGCOUNTRY RISK

  12. SAVINGS, DEPOSITS, LOANS in mil. dinars Source: NBS, ASB

  13. GDP Loans GDP AND LENDING Growth in % *Estimated value Source: NBS, ASB

  14. FINANCIAL INTERMEDIATION AND THE GDP Source: Republic Institute for Statistics *In the first quater of 2009, estimated value

  15. GOVERNMENT – THE WORST DEBTOR 31.12.2008, in billion din.

  16. RELEVANT INDICATORS OF THE FINANCIAL POSITION AND STABILITY OF THE BANKING SECTOR IN SERBIA (on31.12. 2008)

  17. Source: NBS

  18. COMPARATIVE DATA

  19. REQUIRED RESERVES OF BANKS Source: Central Banks Serbia: 31.12.2008, in billion dinars

  20. REFERENCE INTEREST RATEOF CENTRAL BANKS At the annual level Source: Eurostat, NBS

  21. REFERENCE INTEREST RATE OFCENTRAL BANKS (year 2008) At the annual level Source: Eurostat, NBS

  22. CAPITAL ADEQUACY Source: IMF, Global Financial Stability Report, April 2009

  23. CAPITAL ADEQUACY (year 2008) Source: IMF, Global Financial Stability Report, April 2009

  24. RETURN ON EQUITY (ROE) in % Source: IMF, Global Financial Stability Report, April 2009 * ASB data, before taxes

  25. RETURN ON EQUITY (ROE) (year 2008) in % Source: IMF, Global Financial Stability Report, April 2009 * ASB data, before taxes

  26. AVERAGE INFLATION RATE IN % At the annual level Source: Eurostat

  27. AVERAGE INFLATION RATE (year 2008) in % At the annual level Source: Eurostat

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