Serbia – Central bank recuses itself from approving recapitalization plan for Development Bank of Vojvodina

On 27 October it was reported that the National Bank of Serbia (Narodna banka Srbije – NBS) had chosen to recuse itself from deciding whether to approve the plan to recapitalize Development Bank of Vojvodina (Razvojna banka Vojvodine – RBV) because the National Bank itself owns more than a 50% share of the troubled bank.  The plan would involve a capital infusion of 15 billion Serbian dinars (€ 130 million) to save the development bank, whose ratio of non-performing loans is estimated at 75%.

Source: НБС ненадлежна за докапитализацију Развојне банке (2012-10-27 10:39)

Mark Pleas

Eastern Europe Banking & Deposits Consultant

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