Belgrade, Dec.4, 2009 (Serbia Today) - Vice Governor of the National Bank of Serbia, Mira Eric-Jovic, announced at the Fifth Annual Financial Services and CFO Forum, that this institution would relax refinancing loan regulations.
“The regulations being prepared by the NBS will provide free banks to have no obligation to create additional reservations for refinancing loans, which means that they shouldn’t be more expensive,” Eric-Jovic.
The Vice Governor underlined that the existing reserve for loans in domestic banks are far higher than the current level of unsecured loans.
“Even if the level of default claims increased to 30%, the banking sector wouldn’t have capital adequacy lower than 16.4%, which shows that domestic banks are highly solvent, especially when compared with banks of countries in the region,” she said.The current level of loans with collection periods of longer than 90 days – amounts to about 10%.
Commenting on the announcement of KBC Bank regarding its intention to withdraw from the domestic market, the Vice Governor said that a potential owner would have to obtain approval from the NBS, which means it is a mere name change, which will not affect clients.
“It means that debtors have to pay their obligations, and that depositors can collect their deposits whenever they want,” she said.
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