Largest banks to consider takeover of Development Bank of Vojvodina

Some of the largest banks in Serbia have confirmed their readiness to consider the possibility of assuming the deposits of the Development Bank of Vojvodina (RBV).

The governments of Serbia and Vojvodina have signed an agreement to resolve the status of RBV by transferring its property and obligations to another bank and the Development Fund of Vojvodina.

RBV currently has EUR 110 million insured deposits and nearly EUR 100 million uninsured deposits, that is, about 80,000 depositors.

- An offer will be sent to the addresses of ten banks in Serbia, and the bank offering the best terms will be chosen to assume the deposits of RBV - Vojvodina Secretary for Finance Zoran Radoman announced.