News

CARIC: Banks Better Prepared for Crisis Than in 2008

Sunday, 05. Apr 2020.

Slavko Caric, the chairman of the Executive Board of Erste Bank Serbia, says that the coronavirus crisis has led to a crisis of supply, a crisis of demand and a crisis of trust.

– In a crisis of trust, banks have to play an important role, but cant do it alone. We have prepared a set of measures with the National Bank of Serbia. The key policy rate has been lowered and theres a moratorium on all credits – Caric said.

He says that this will enable clients to achieve liquidity and be functional.

Caric says that the banks are now much better prepared for the crisis than they were in 2008.

According to him, 90% of the clients want a moratorium and only 10% have said they didnt need it and that they want to continue repaying their debts.

– Dont go into overdraft, as the interest is high – Caric advises.

He says that, around ten days ago, daily client payments stopped, so he welcomes the measures of the Ministry of Finance which allow banks to give money more easily to those who need it.

– The banks have taken a big risk upon themselves, but can handle it – he said.


Source: eKapija

22. Maj 2020.
ATANACKOVIC: Projection of GDP Drop of 1-2% in Serbia Too Optimistic

19. Maj 2020.
Difficulties Related to Nord Stream 2 Could Raise the Price of Gas

18. Maj 2020.
BRNABIC: Another Budget Rebalance Possible

15. Maj 2020.
Sveti Stefan Hoteli Sells 1.1 Million Shares at Montenegroberza

14. Maj 2020.
Air Serbia Starts to Resume Regular Passenger Traffic

13. Maj 2020.
NBS Expects 1.5% Lower GDP This Year

12. Maj 2020.
Inflation in Serbia 0% in April Compared to March

11. Maj 2020.
Construction of Factory of South Korean Company Kyungshin Cables Soon to Start in Smederevska Palank

10. Maj 2020.
List of Systematically Important Banks in Serbia Established

08. Maj 2020.
Air Serbia to Resume Scheduled Passenger Transport on June 1

08. Maj 2020.
Investment Fund for Investments in Bitcoins to be Founded in Croatia

07. Maj 2020.
NBS: Key Policy Rate Kept at 1.5%

06. Maj 2020.
EC Forecasts GDP Contraction of 4% in Serbia This Year, Rebound of 6% Next One

06. Maj 2020.
EIB to Finance Public Investments, Banks and Enterprises – Serbia to Get Most in Western Balkans?

05. Maj 2020.
Budget Deficit in Q1 at RSD 46.9 Billion

05. Maj 2020.
Public Debt of Serbia in March at 51.9% of GDP

30. Apr 2020.
Nationalization of Air Serbia Possible

29. Apr 2020.
EU Announces EUR 3.3 Billion of Support for Western Balkans

28. Apr 2020.
TABAKOVIC: GDP Drop to be Lower than Projected by IMF

27. Apr 2020.
Air Transport Could be Reinstated in Serbia on May 1

23. Apr 2020.
Air Serbia Loses More Than EUR 35 Million Due to Pandemic

21. Apr 2020.
Payment of Corporate Loans Begins – EUR 2 Billion Available Through Development Fund

16. Apr 2020.
NBS Recommends Postponement of Payment of Due Premium

13. Apr 2020.
EBRD to Help Companies in Europe with EUR 3 Billion – Serbia to Get 700 to 750 Million Euros

12. Apr 2020.
Serbia not to Take Financial Help from IMF

09. Apr 2020.
World Bank Projects 0.5% Drop of Serbias GDP, More than 4% in Europe

08. Apr 2020.
Government Adopts Decree on Additional Borrowing During State of Emergency

07. Apr 2020.
Sinisa Krneta, Director of Belgrade Stock Exchange – Capital Market as Cure for Coronavirus Crisis

03. Apr 2020.
Banks Not Exempt from Measures of Aid to the Economy, Considered Large Companies