Gross assets of Serbia’s banking sector rose by a nominal 9% to RSD 3.16tn (EUR 27.8bn)

Total gross assets of Serbia’s banking sector rose by a nominal 9% to RSD 3.16tn (EUR 27.8bn) as of end-2012, with their growth speeding up from 5.9% a year earlier. Total loans to companies and households rose by a nominal 10.1% to RSD 1.75tn at end-2012, and total corporate and household deposits expanded by 11.1% to RSD 1.42tn.
All three growth rates as of the end of last year outpace slightly the depreciation of the Serbian dinar against the euro over the period. On the other hand, the three growth rates are slower that annual CPI inflation in December (12.2%), which means real growth was negative.The share of NPLs of total gross loans was 18.6% at end-2012, down 0.4 pps y/y and 1.3 pps q/q.
The capital adequacy ratio of Serbia’s banking sector was 16.4% at end-September 2012, continuing a downward trend, which started in 2011.The central bank said the liquidity of the sector was satisfactory at end-September 2012.
The pre-tax profit of Serbia’s banking sector decreased by 52.3% on the year to RSD 12bn in Jan-Sep, but the full-year performance in 2012 may have been better than the one in 2011.

After undergoing a five-month receivership and reporting a loss of RSD 29.7bn for 2011, Serbian commercial bank Agrobanka saw its licence revoked on May 25, 2012. Some of Agrobanka’s assets and liabilities were transferred to the newly created bridge bank Nova Agrobanka. Eventually, some assets and liabilities of the bridge bank were assumed by healthy local lender Postanska Stedionica in late October.
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Financial Cards and Payments in India

India remained a primarily cash-using market. It continued to cater to its ongoing “no debt” mentality and the concern to avoid plastic money frauds. However, a slow change took place during the review period. Use of cards increased substantially in 2012 as consumers became more confident about financial cards and payment structure, their security and convenience.


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ATM Cards in India

Banks for nearly a decade, 2002-2012, have issued debit cards with ATM function, as a result of which the usage of ATM cards increased considerably. The increased use of ATMs resulted in the Reserve Bank of India (RBI) in July 2011 putting a limit to the number of free transactions from an ATM of another bank. Earlier, the total number of financial transactions from an ATM of a bank apart from the cardholder’s bank was limited. However, non-financial transactions were free of cost.




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Kuwait bank deposits will post a CAGR of around 4% during 2011-2014

“Kuwait Banking Sector Analysis”, sees that though Kuwait’s credit card market is one of the most profitable ones in the GCC region, the growth level of bank deposits may not be sustained in near future as consumers are gradually losing their confidence. It is estimated that the Kuwait bank deposits will post a CAGR of around 4% during 2011-2014. In our extensive study, we have discussed how the government is trying to improve the consumers’ confidence in the country’s banking sector. 

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