The banking system in Serbia is stable, well capitalized, and the measures of the Government and the National Bank contributed to timely overcoming external challenges and inflation and preserving the stable exchange rate of the dinar, the Deposit Insurance Agency estimates. Due to the need to harmonize laws with the European Union, the Agency, for the time being, is applying a new methodology for calculating the banks’ risk premium.
And in the following period, the state will guarantee up to 50,000 euros per savings account, and that amount will not change. Clients are sufficiently protected, according to the Deposit Insurance Agency, which is shown by the constant increase in savings, which exceeded 15 billion euros.
“We have determined that there is no need to increase the upper limit, especially since one depositor client of a saver can practically insure a million euros by depositing his amount in twenty banks, as many as there are,” says the president of the Management Board of the Deposit Insurance Agency Hasan Hanic.
According to the new methodology, banks are additionally obliged to pay the Agency in advance 0.15 percent of the premium on the value of deposited deposits, every quarter in advance. This proved to be an additional safety measure against bank failures.
Such a measure, they say, is also important because of the change in interest rate policy. With the same goal, the National Bank ordered the limitation of interest on housing loans in order to prevent problems in repayment.
“With the growth of Euribor, which is practically an integral part of the loan and which is beyond our influence, the National Bank reacted at the right time, limited it and thus definitely prevented us from having a deterioration of that long-term portfolio of loans in the coming years,” says the Director of the Insurance Agency deposits of banks.
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