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.

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