Banking in Serbia

The operating environment for Turkish banks has improved in recent months due to more orthodox macroeconomic policies driving a reduction in macroeconomic and financial stability risks and increased investor confidence, Fitch has said in a report.

Ljubljana – NLB, Slovenia’s largest banking group, reported a net profit of EUR 64.6 million for the first quarter of the year, about 3.5-fold the figure posted in the same period a year ago (EUR 18.3 million).

He said in an interview for daily "Blic" that the increase in the public sector would follow from the November salary, which is paid in December.
"Talks with the IMF are currently underway, and we are encouraged by a budget surplus of RSD 46.6 billion in August," Mali said.

The bank announced it was investing 542 million dinar (RSD) (4.6 million equivalent) in a RSD 3.87 billion (33 million equivalent) local currency bond issued by Erste Bank Serbia. This is the EBRD's first investment in a local currency bond in the country.

Key figures

• Profit before tax at the end of Q3 2018 was at 7.27 billion dinars (61.5 million euros), which is 21% more compared to the same period of the last year

• Overall bank assets at the end of Q3 2018 reached 301 billion dinars (2.5 billion euros), which is a 13.5% growth compared to the same period of the last year

National Bank of Greece announced on Friday it had signed an agreement to sell its Vojvodjanska Banka unit in Serbia and NGB Leasing as well as its corporate loan portfolio in Serbia to Hungary's OTP Bank for 125 million euros.

OTP said in statement that the deal includes other Serbian units of National Bank of Greece too.

The National Assembly of Serbia on Saturday adopted the draft law on the 2017 budget, submitted by the government.

It envisages total revenues amounting to RSD 1,092 billion and total expenditure of RSD 1,161 billion, with a deficit of 1.7 percent of GDP.

The dinar (RSD) dropped by another 0.2 percent against the euro (EUR) on Friday, making the official medium exchange rate RSD 123.2692 for one euro.

This came about even after the National Bank of Serbia (NBS) sold EUR 25 million on the interbank foreign exchange market on Thursday, the central bank said in a statement.

BELGRADE – The dinar rose against the euro by 0.1 percent for the third consecutive day on Friday, making the official medium exchange rate RSD 122.6193, the National Bank of Serbia (NBS) said in a statement. The national currency rose by 0.2 percent against the eurozone currency compared to a month ago, dropping by 1.7

The dinar (RSD) remained steady against the euro (EUR) on Friday, making the official medium exchange rate RSD 122.8621.