Serbia's bank deposits up 11.5% y/y to EUR 13.5bn in November 2012.

By bne IntelliNews December 21, 2012
Serbia's commercial bank deposits increased 11.5% y/y to RSD 1,530bn (EUR 13.5bn) in November, slowing down from an annual increase of 12% in October, central bank data showed. The deposits accounted for 49% of total commercial banks' liabilities as of end-November. The deposit growth was mainly driven by foreign currency deposits, which climbed 14.9% on the year to RSD 1,148bn (75% share of total deposits) after jumping 15.8% y/y in October. Transaction dinar deposits went up 1.8% to RSD 165.4bn (10.8% share in total deposits) after a 0.7% y/y decline in October, while dinar-denominated saving and time deposits (11.8% share) fell 3.8% y/y to RSD 181bn, registering an annual decline for a fourth month in a row. Government deposits increased by RSD 13.6bn on the year to RSD 34.8bn and by RSD 4.1bn in monthly terms (after a monthly decrease of RSD 5.7bn in October). Deposit collection has weakened since the second quarter of the year, reflecting mainly a decrease in dinar deposits, while foreign currency deposits continue to grow.

Serbia's bank deposits up 11.5% y/y to EUR 13.5bn in November 2012.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss