Bank assets grow

Total bank assets in Serbia grew 60 percent last year, to EUR 14.8bn, reveals the Economist Magazine.

Izvor: Beta

Monday, 11.06.2007.

13:17

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Bank assets grow

The Serbian financial market expanded significantly last year, although the overall social conditions were not up to level.

Further expansion will need continued stabilization of the political and economic environment. Jeremić, a contributor to Banks and Insurance magazine, praised the appearance of the first private pension and investment funds in Serbia.

Siniša Krneta, Director of Business Operations at the Belgrade Stock Exchange, said Serbia needed a national strategy for capital market development that would allow attractive securities to appear on the stock exchange, such as shares of companies operating in the energy sector.

“If the State does nothing to make this happen, investors could start looking for other more interesting markets, which would have a negative impact on the whole economy,” he said.

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