"Foreign banks have no liquidity problems"
Radovan Jelašić says no bank with a majority foreign capital has asked the monetary authorities or the government for help in overcoming liquidity issues.
Saturday, 24.01.2009.
16:48
Radovan Jelasic says no bank with a majority foreign capital has asked the monetary authorities or the government for help in overcoming liquidity issues. Speaking for Tanjug news agency on Friday, the National Bank of Serbia (NBS) governor specified that "in Serbia, these banks do not have liquidity problems". "Foreign banks have no liquidity problems" Reacting to a recent Financial Times report that said nine major international banks operating in Central and Eastern Europe are jointly lobbying that financial aid for combating the crisis is not sent solely to the West, but also to eastern European countries, Jelasic explained that this request was primarily aimed at the EU institutions. "The banks in question are underscoring that the governments of these countries that are outside the EU, are unable to obtain additional EU funds, as Hungary and Lithuania have done," Jelasic stated. He added that in question are efforts by the banks in question for obtaining backing for these East European countries so that they do not find themselves isolated and outside the scope of measures introduced by the EU and the European Central Bank (ECB) to deal with the global financial crisis. Serbia is in a better position compared to other countries, in view of the fact that it has a program with the IMF which has specially praised the banking sector, the central bank chief set out.
"Foreign banks have no liquidity problems"
Reacting to a recent Financial Times report that said nine major international banks operating in Central and Eastern Europe are jointly lobbying that financial aid for combating the crisis is not sent solely to the West, but also to eastern European countries, Jelašić explained that this request was primarily aimed at the EU institutions."The banks in question are underscoring that the governments of these countries that are outside the EU, are unable to obtain additional EU funds, as Hungary and Lithuania have done," Jelašić stated.
He added that in question are efforts by the banks in question for obtaining backing for these East European countries so that they do not find themselves isolated and outside the scope of measures introduced by the EU and the European Central Bank (ECB) to deal with the global financial crisis.
Serbia is in a better position compared to other countries, in view of the fact that it has a program with the IMF which has specially praised the banking sector, the central bank chief set out.
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