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NBS: Sberbank Srbija Highly Liquid and Well Capitalized, Operating as an Independent Legal Entity Based in Serbia
Source: eKapija
Monday, 28.02.2022.
15:42
Monday, 28.02.2022.
15:42
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The National Bank of Serbia (NBS) notifies the public that Sberbank Srbija, which operates as an independent legal entity based in the Republic of Serbia, is highly liquid and well capitalized, with the main sources of financing provided in the domestic market.
– Regarding the measures taken by the European Central Bank (ECB) and the Single Resolution Board (SRB) towards Sberbank Europe AG, Vienna, which is the owner of Sberbank Srbija, we inform the public that Sberbank Srbija, which operates as an independent legal entity based in the Republic of Serbia, is highly liquid and well capitalized, with the main sources of financing provided in the domestic market, and that these measures and decisions do not apply to it – the NBS says in its press release.
In this respect, the stability and security of banks' operations and savings deposits are fully preserved, the NBS emphasizes and reminds the public that both dinar and foreign currency deposits of clients in banks, are insured up to the amount of EUR 50,000, in accordance with the provisions of the Deposit Insurance Law.
The National Bank of Serbia continuously monitors and analyzes the situation in the financial sector, as well as in the entire domestic and international market, especially in the conditions of increased geopolitical uncertainty caused by the crisis in Ukraine.
Apart from closely monitoring the bank's operations and all key indicators and developments, the National Bank of Serbia also has continuous communication with the bank's management, and no problems in the bank's operations have been identified during the entire process.
If needed, the National Bank of Serbia will take all necessary measures at its disposal in order to preserve the stability of the bank's operations, as well as monetary and financial stability and macroeconomic stability as a whole.
Should there be a need for that, the National Bank of Serbia has at its disposal a number of instruments and regulatory measures with which it can react quickly and efficiently, ensuring liquidity and fulfillment of all obligations of this bank to depositors at any time.
– Finally, we point out that the bank's operations will be additionally positively affected by the fact that, upon recent request of AIK banka a.d. Beograd, the National Bank of Serbia issued prior consents to that bank to acquire ownership in Sberbank Srbija and to acquire Sberbank Srbija as a subsidiary. The process of changing the ownership in Sberbank Srbija is currently being finalized – says the announcement of the cabinet of the governor of the NBS.
– Regarding the measures taken by the European Central Bank (ECB) and the Single Resolution Board (SRB) towards Sberbank Europe AG, Vienna, which is the owner of Sberbank Srbija, we inform the public that Sberbank Srbija, which operates as an independent legal entity based in the Republic of Serbia, is highly liquid and well capitalized, with the main sources of financing provided in the domestic market, and that these measures and decisions do not apply to it – the NBS says in its press release.
In this respect, the stability and security of banks' operations and savings deposits are fully preserved, the NBS emphasizes and reminds the public that both dinar and foreign currency deposits of clients in banks, are insured up to the amount of EUR 50,000, in accordance with the provisions of the Deposit Insurance Law.
The National Bank of Serbia continuously monitors and analyzes the situation in the financial sector, as well as in the entire domestic and international market, especially in the conditions of increased geopolitical uncertainty caused by the crisis in Ukraine.
Apart from closely monitoring the bank's operations and all key indicators and developments, the National Bank of Serbia also has continuous communication with the bank's management, and no problems in the bank's operations have been identified during the entire process.
If needed, the National Bank of Serbia will take all necessary measures at its disposal in order to preserve the stability of the bank's operations, as well as monetary and financial stability and macroeconomic stability as a whole.
Should there be a need for that, the National Bank of Serbia has at its disposal a number of instruments and regulatory measures with which it can react quickly and efficiently, ensuring liquidity and fulfillment of all obligations of this bank to depositors at any time.
– Finally, we point out that the bank's operations will be additionally positively affected by the fact that, upon recent request of AIK banka a.d. Beograd, the National Bank of Serbia issued prior consents to that bank to acquire ownership in Sberbank Srbija and to acquire Sberbank Srbija as a subsidiary. The process of changing the ownership in Sberbank Srbija is currently being finalized – says the announcement of the cabinet of the governor of the NBS.
Tags:
Sberbank Srbija
Aik banka
NBS
National Bank of Serbia
bank operations security
dinar and foreign exchange deposits
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