Intellinews - Serbia Banking Sector Report

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Description

IntelliNews Serbia Banking Report offers an extensive summary of the Serbian financial market, segmented into banking, insurance, leasing, capital market and investment funds. It includes a complete coverage of the latest developments, trends and corporate news, accompanied by thorough statistics and comments. This sector report is ideal to keep you abreast on recent company and industry news. Written by local professionals, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions.

Summary

Total gross assets of Serbia’s banking sector rose by a nominal 9% to RSD 3.16tn (EUR 27.8bn) as of end-2012, with their growth speeding up from 5.9% a year earlier. Total loans to companies and households rose by a nominal 10.1% to RSD 1.75tn at end-2012, and total corporate and household deposits expanded by 11.1% to RSD 1.42tn. http://www.bharatbook.com/banking-and-technology-market-research-reports/intellinews-serbia-banking-sector-report.html

All three growth rates as of ...
... the end of last year outpace slightly the depreciation of the Serbian dinar against the euro over the period. On the other hand, the three growth rates are slower that annual CPI inflation in December (12.2%), which means real growth was negative.
The share of NPLs of total gross loans was 18.6% at end-2012, down 0.4 pps y/y and 1.3 pps q/q.

The capital adequacy ratio of Serbia’s banking sector was 16.4% at end-September 2012, continuing a downward trend, which started in 2011.
The central bank said the liquidity of the sector was satisfactory at end-September 2012.

The pre-tax profit of Serbia’s banking sector decreased by 52.3% on the year to RSD 12bn in Jan-Sep, but the full-year performance in 2012 may have been better than the one in 2011.

After undergoing a five-month receivership and reporting a loss of RSD 29.7bn for 2011, Serbian commercial bank Agrobanka saw its licence revoked on May 25, 2012. Some of Agrobanka’s assets and liabilities were transferred to the newly created bridge bank Nova Agrobanka. Eventually, some assets and liabilities of the bridge bank were assumed by healthy local lender Postanska Stedionica in late October.

In August, the Serbian parliament adopted amendments to the central bank law despite criticisms from the IMF and the World Bank, among others, that the new texts are weakening the institution’s independence. Incumbent central bank governor Dejan Soskic resigned and was replaced by Jorgovanka Tabakovic, until then a vice president of Serbia Progressive Party, a member of the ruling coalition.

Table of Contents

EXECUTIVE SUMMARY
Regional Overview
Unicredit says CEE banking sector keeps showing good profitability.
Western banks deleveraging vis-a-vis Emerging Europe moderates in Q3 2012
Fitch says new CEE action plan not likely to boost bank lending in short-term.
Serbia Banking Sector Structure
Foreign banks control 74% of Serbia’s banking assets
Top 5 banks account for 47% of total assets
Regulations, Policies and Governing Bodies
Macroeconomic Overview
Banking Sector Developments in 2012
Total assets up by nominal 9% in 2012, but real growth is negative
Total loans up 10.1% at end-2012
Corporate, household deposits up 11.1% at end-2012
Foreign assets rise, liabilities drop at end-2012
NPLs drop to 18.6% of total gross loans at end-2012
Capital adequacy ratio drops to 16.4% at end-Sep 2012.
Banks’ pre-tax profit drops 52.3% y/y in Jan-Sep 2012.
Market News

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