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National Bank Of Serbia
The National Bank of Serbia ( sr, Народна банка Србије, Narodna banka Srbije) is the central bank of Serbia. Founded in 1884, the responsibilities of the bank are: monetary policy, sole issuer of Serbian banknotes and coins, protection of price stability and promotion of stability of the financial system within Serbia. The bodies of the NBS are the executive board, the Governor and the Council of the Governor. The incumbent governor of the bank is Jorgovanka Tabaković. History The bank was originally established on 2 July 1884 as the ''Privileged National Bank of the Kingdom of Serbia''. It was modeled after the National Bank of Belgium, considered at the time to be at the forefront of modern banking institutions. The first governor of the bank was Aleksa Spasić. Following the First World War, the bank underwent several changes as the country expanded and eventually became Yugoslavia, whilst the bank was renamed the National Bank of Yugoslavia. It wasn't u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belgrade
Belgrade ( , ;, ; Names of European cities in different languages: B, names in other languages) is the Capital city, capital and List of cities in Serbia, largest city in Serbia. It is located at the confluence of the Sava and Danube rivers and the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. Nearly 1,166,763 million people live within the administrative limits of the City of Belgrade. It is the third largest of all List of cities and towns on Danube river, cities on the Danube river. Belgrade is one of the List of oldest continuously inhabited cities, oldest continuously inhabited cities in Europe and the world. One of the most important prehistoric cultures of Europe, the Vinča culture, evolved within the Belgrade area in the 6th millennium BC. In antiquity, Thracians, Thraco-Dacians inhabited the region and, after 279 BC, Celts settled the city, naming it ''Singidunum, Singidūn''. It was Roman Serbia, conquered by the Romans under the reign ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kori Udovički
Kori Udovički ( sr-Cyrl, Кори Удовички, ; born 4 December 1961) is a Serbian politician, former Deputy Prime Minister of Serbia, and the Minister of Public Administration and Local Self-Government in the Government of Serbia. Prior to that position, she served as an Assistant Secretary-General of the United Nations, Assistant Administrator of the UNDP and Director of the Regional Bureau of UNDP for Europe and Commonwealth of Independent States (RBEC) from 2007 to 2012. Previously she was the founder and the President of the Center for Advanced Economic Studies (CEVES), a Belgrade NGO that works for the advancement of economic research and education in South East Europe. She was also President of the Board of Directors of the Foundation for the Advancement of Economics (''FREN''). CEVES's main publication is Quarterly Monitor of Economic Trends and Policies in Serbia, a publication that systematically monitors macroeconomic, corporate and financial trends and policies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1884
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1884 Establishments In Serbia
Events January–March * January 4 – The Fabian Society is founded in London. * January 5 – Gilbert and Sullivan's ''Princess Ida'' premières at the Savoy Theatre, London. * January 18 – Dr. William Price attempts to cremate his dead baby son, Iesu Grist, in Wales. Later tried and acquitted on the grounds that cremation is not contrary to English law, he is thus able to carry out the ceremony (the first in the United Kingdom in modern times) on March 14, setting a legal precedent. * February 1 – ''A New English Dictionary on historical principles, part 1'' (edited by James A. H. Murray), the first fascicle of what will become ''The Oxford English Dictionary'', is published in England. * February 5 – Derby County Football Club is founded in England. * March 13 – The siege of Khartoum, Sudan, begins (ends on January 26, 1885). * March 28 – Prince Leopold, the youngest son and the eighth child of Queen Victoria and Prince A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Serbia
The economy of Serbia is a service-based upper middle income economy in Central Europe, with the tertiary sector accounting for two-thirds of total gross domestic product (GDP). The economy functions on the principles of the free market. Nominal GDP in 2023 is projected to reach $68.679 billion, which is $10,265 per capita, while GDP based on purchasing power parity (PPP) stood at $175.318 billion, which is $26,205 per capita. The strongest sectors of Serbia's economy are energy, the automotive industry, machinery, mining, and agriculture. The country's primary industrial exports are automobiles, base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes, and pharmaceuticals. Trade plays a major role in Serbian economic output. The main trading partners are Germany, Italy, Russia, China, and neighbouring Balkan countries. Belgrade is the capital and economic heart of Serbia and home to most major Serbian and international companies operating in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Serbia
This is a list of banks in Serbia. Central bank * National Bank of Serbia Commercial banks As of 4 May 2022, there are 22 licensed commercial banks in Serbia. For each of them, there is a balance sheet total and number of employees as of 31 December 2020. Recent name changes This is a list of recent name changes of the banks due to change of ownership structure: * On 9 May 2014, KBC Banka a.d. Beograd changed its name into Telenor banka a.d. Beograd * On 18 May 2015, Dunav banka a.d.Beograd changed its name into mts banka a.d. Beograd * On 22 October 2015, Čačanska banka a.d. Čačak changed its name into HALKBANK a.d. Beograd * On 8 July 2016, Hypo-Alpe-Adria-Bank a.d. Beograd changed its name into Addiko Bank a.d. Beograd * On 8 July 2016, KBM Banka a.d. Kragujevac changed its name into Direktna Banka a.d. Kragujevac * On 23 October 2018, VTB Bank changed its name into API Bank a.d. Beograd * On 25 April 2019, OTP Banka Srbija a.d. Novi Sad changed its name into Vojvođan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance In Serbia
Insurance in Serbia refers to the market for risk in the Republic of Serbia. Insurance, generally, is a contract in which the insurer ( joint-stock insurance company, mutual insurance company, or reciprocal, for example), agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). For example, a property insurance company may agree to bear the risk that a particular piece of property (e.g., a car or a house) may suffer a specific type or types of damage or loss during a certain period of time in exchange for a fee from the policyholder who would otherwise be responsible for that damage or loss. That agreement takes the form of an insurance policy.Mayhall, Van, III, Insurance: Defined''Insurance Regulatory Law Retrieved 2011-06-09. History The earliest traces are found in medieval Serb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Serbia
Banking in Serbia is regulated by the central bank in Serbia, the National Bank of Serbia. The mandate of the National Bank of Serbia is to contribute, without prejudice to its primary objective, to the maintenance and strengthening of the stability of the financial system and Economy of Serbia. To determine and implement measures and activities to that effect. Out the total of 29 commercial banks, providing a wide array of banking services, 21 are in majority foreign ownership. Banks in Serbia are independent in their pursuit of profit-oriented business activities based on the principles of solvency, profitability and liquidity. Every-day payment transactions are, with a few exceptions, made in Serbian dinars, and one can use various types of credit cards (Visa, MasterCard, Diners, American Express). All major foreign currencies can be freely purchased and sold in exchange offices throughout the country. Many banks have automated teller machines, so, currency can be withdrawn at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dejan Šoškić
Dejan Šoškić ( sr-cyr, Дејан Шошкић, ; born 15 March 1967, Belgrade) is a Serbian economist who served as the governor of the National Bank of Serbia between 2010 and 2012. He is a full professor at the Faculty of Economics at the University of Belgrade. Biography In 1989, he graduated from the University of Belgrade, Faculty of Economics, where he also obtained his master's degree in 1993. He completed his PhD degree in 1999 with his thesis, "Portfolio Management and Investment Funds: Economic and Statistical Analysis of US examples".Belgrade Faculty of Economics, Dejan Soskic, PhD, Associate Professor ; accessed 19 March 2018. As a lecturer at graduate and MBA courses at the |
Radovan Jelašić
Radovan Jelašić ( sr-cyr, Радован Јелашић; hu, Jelasity Radován; born 19 February 1968) is a Hungarian-Serbian economist who served as the Governor of the National Bank of Serbia from 2004 to 2010. He has been the CEO of Erste Bank Hungary since June 2011 and is also the chairman of the Hungarian Banking Association. Biography Jelašić completed his secondary education at Serbian school 'Nikola Tesla' in Budapest. In 1992, Jelašić graduated from the University of Belgrade Faculty of Economics and went on to obtain a master's degree of Business in Finance at the University of Illinois at Chicago. Jelašić began his banking career with Deutsche Bank in Frankfurt, where he worked for four years as a Regional Manager for Central and Eastern Europe. In 1999 he moved to McKinsey & Company in Frankfurt, working on banking projects in Germany, Poland and Bulgaria. The projects were related to credit financing, privatization, corporate takeovers, organizational rest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mlađan Dinkić
Mlađan Dinkić ( sr-cyr, Млађан Динкић, ; born 20 December 1964) is a Serbian economist, musician and former politician. He was the 1st Governor of the National Bank of Serbia, serving from 2000 to 2003. He then served as the Minister of Finance from 2004 to 2006. He also served as the Minister of Economy and Regional Development and Deputy Prime Minister of Serbia from 2007 until his sacking in 2011. His last political post was as the Minister of Finance and Economy from 2012 to 2013. Following the 2014 parliamentary election, he announced his retirement from the politics. Early life and education Dinkić was born in Belgrade, Serbia, Yugoslavia. He graduated from the First Economy highschool in Belgrade in 1983 and obtained his B.A. at the University of Belgrade Faculty of Economics in 1988 and his M.Sc. in 1993. He has served as a teaching assistant for Theory and Planning of Economic Development at the University of Belgrade Faculty of Economics since 1994. D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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