Serbia's banking sector assets up 14.4% y/y at end-June.

By bne IntelliNews August 2, 2012
The total assets of Serbia's commercial banks increased by 14.4% y/y to RSD 3.1tn (EUR 26.3bn) at the end of June after rising an annual 19% a month earlier, data published by the National Bank of Serbia (NBS) showed. End-June total assets were down 0.8% on the month. Total assets rose by a monthly 3.3% in May. The end-June assets were 6.3% above the end-2011 level and accounted for 86.8% of the projected 2012 GDP. Total loans amounted to RSD 2.2tn (EUR 18.7bn) at the end of the June, up by 16.2% on the year but 1.3% down on the month, consolidated banking sector data showed. End-June total loans were up 10.8% in year-to-date terms. Within the domestic credit segment, loans disbursed to businesses accounted for 50% of the total loans and jumped by 12.2% on the year to nearly RSD 1.1tn at end-June. Loans to households were up by an annual 12.4% to RSD 656bn, accounting for 30% of all loans. In monthly terms, corporate loans fell 3.1% and retail loans rose 0.2% at the end of June. Bank claims on government recorded an annual increase of 35.3% to RSD 263bn, accounting for 12% of all loans at end-June. Loans to state-owned companies rose an annual 28.8% to RSD 104bn. Government borrowing was 4.7% higher m/m in June, while loan stock to public enterprises fell 5.5% in comparison with end-May.

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