NBS' measures concerning increase in mandatory reserves apply exclusively to banks’ foreign debts

The National Bank of Serbia stated that the increase in mandatory reserve from 40% to 60% applies exclusively to the banks’ short-term debts in foreign countries and deposits from foreign countries, of up to two years.

"The confusions, broadcast by some medias, that these measures include domestic foreign currency savings, are groundless", NBS stated.

"Except for short-term foreign debts, NBS has not increased mandatory reserve in any other case, on the contrary, its aim is to stimulate banks to collect savings in the country and, through the fight for more clients and collecting domestic accumulation, to reach the source of credit activity growth", Central Bank stated.