The stability of the dinar no longer worries anyone, and most importantly, foreign investors who invest money in Serbia, said today the Governor of the National Bank of Serbia Jorgovanka Tabakovic, emphasizing that she is dissatisfied with the International Monetary Fund (IMF) projection that Serbia will have a decline of 1.5 percent of gross domestic product.
Tabakovic told RTS that the NBS previously had a conservative estimate of gross national income of minus one percent.
Many doubted that the arrangement with the IMF would take place, and now we are at the end of the second advisory arrangement, said Tabakovic and reminded that due to the unified fiscal policy and cooperation of all institutions in that field, it was called “guard house”.
Spending how much you earn is a unique and harmonized financial policy of all institutions, and above all the Government and the NBS. That is why a stable dinar no longer worries anyone, and most importantly, investors who invest money here, Tabakovic emphasized.
As of September, she added, foreign investors have already invested 1.8 billion euros, and the projection is that it will be up to 2.3 billion by the end of the year.
When it comes to foreign debt, it will not exceed 59 percent, Tabakovic pointed out and pointed out that Serbia has only about 3.5 percent of problematic loans and that the NBS takes care of that and has mechanisms to maintain the current level of problem loans.
Tabakovic stated with regret that the banks did not accept the recommendation of the NBS and to reduce the participation for housing loans from 20 to 10 percent.
Only one bank, a domestic one, provides a service to citizens to raise housing loans with a share of 10, not 20 percent. It is obvious that banks believe that they earn enough from other services, but in the long run it will not be good for banks because they have to fight for their clients, Tabakovic pointed out, Danas reports.
