august - nbs.rs8 relative to july, the coverage of m1 by nbs fx reserves decreased in august due to...

August

2013

AugustSTATISTICAL BULLETIN

2013

ED I TOR I A L BOARD

BRANKO HINIĆ, Editor in ChiefMembers of the Editorial Board

JELENA MARAVIĆMARINA MLADENOVIĆ-KOMATINA

VESELIN PJEŠČIĆBILJANA SAVIĆ

DR MILAN ŠOJIĆ

Statistical Bulletin

Issued and printed byThe National Bank of Serbia

Belgrade, 12 Kralja Petra StreetTelephone: (381 11) 30-27-100

www.nbs.rsE-mail: [email protected]

ISSN 1451-737XPublished monthly

Technical EditorNada Mizdrak

Graphic DesignNikola Vučković

Computer ProcessingOlivera JovanovićMarija Nenadović

TranslationNBS Language Service

ContentsCurrent Developments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Statistical Survey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13

I. Monetary Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15

Main Monetary Aggregates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17

Balance Sheet of the National bank of Serbia (Assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18

Balance Sheet of the National bank of Serbia (Liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20

Balance Sheet of Banks (Assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22

Balance Sheet of Banks (Liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24

Consolidated Balance Sheet of the Banking System (Assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26

Consolidated Balance Sheet of the Banking System (Liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28

Monetary Survey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30

Short-Term Non-Monetary Sectors Deposits with Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32

Long-Term Non-Monetary Sector Deposits with Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34

Corporate Deposits by Contracted Hedge and Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36

Household Deposits by Contracted Hedge and Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38

Corporate Deposits with Banks by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40

Bank Short-Term Claims on Non-Monetary Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42

Bank Long-Term Claims on Non-Monetary Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44

Bank Claims on Corporate Sector by Contracted Hedge and Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46

Bank Claims on Households by Contracted Hedge and Currency Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48

Bank Claims on the Corporate Sector, Sectoral Breakdown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50

Bank Claims on the Corporate Sector by Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52

Bank Claims on Households by Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .54

Money Supply M1 by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56



Household Savings with Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .59

Composition of Household Savings with Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .60

NBS Interest Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .62

Weighted Interest Rates on Loans by Type, Maturity and Purpose – Outstanding Amounts . . . . . . . . . . . . . . . . . .64

Weighted Interest Rates on Loans by Type, Maturity and Purpose – New Business . . . . . . . . . . . . . . . . . . . . . . . .68

Weighted Interest Rates on Deposits by Maturity – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .72

Weighted Interest Rates on Deposits by Maturity – New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .74

Weighted Interest Rates on Loans by Currency – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .76

Weighted Interest Rates on Loans by Currency – New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .77

Symbols used in tables:… not available

* adjusted

θ average

In some tables, the totals shown can differ from the sum of items as a result of roundings.

Data series are available on NBS website at: http://www.nbs.rs/internet/english/80/index.html

Weighted Interest Rates on Term Deposits by Currency – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . .78

Weighted Interest Rates on Term Deposits by Currency - New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .80

Weighted Interest Rates on Dinar Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .82

Weighted Interest Rates on Dinar Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .84

Interest Rates on Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .86

II. International Economic Relations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .89

Balance of Payments of the Republic of Serbia, 1997-2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .91

Balance of Payments of the Republic of Serbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .92

Serbia's Exports, f.o.b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .94

Serbia's Imports, c.i.f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .96

Bank foreign liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .98

Foreign Exchange Reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100

Forex Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .101

Serbia's External Debt by Creditor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .102

External Debt of the Republic of Serbia, by Type of Debtor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .104

Dinar exchange rates – end of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .106

Dinar exchange rates – average for the period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .107

III. Real Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .109

Republic of Serbia GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .110

Industrial Production . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .111

Construction and Transport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .112

Trade, Catering and Tourism . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .113

Employment and Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .114

Producer Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .115

Consumer Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .116

IV. Fiscal Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .119

Public Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .121

Net Government Position with the Banking Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .122

Explanatory Notes to Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .125

7

Current Developments

8

Relative to July, the coverage of M1

by NBS FX reserves decreased in

August due to a higher increase in

M1 relative to FX reserves. In the

same period, the coverage of

reserve money by FX reserves

decreased due to a higher rise in

reserve money relative to FX

reserves.

-30

-20

-10

0

10

20

30

40

50

60

70

Aug2011

Nov Feb May Aug2012

Nov Feb May Aug2013

�1 �2 �3 Reserve money

0

1

2

3

4

5

6

7

8

Aug2011

Nov Feb May Aug2012

Nov Feb May Aug2013

�1 �2 �3

Annual growth rates of М1, M2 and

M3 increased in August relative to

July, while the y-o-y rate of reserve

money declined.

Monetary multipliers М1, М2 and M3

increased relative to July.

Chart 1

Chart 2

Chart 3

300

350

400

450

500

550

600

650

700

Aug2011

Nov Feb May Aug2012

Nov Feb May Aug2013

�1 Reserve money

NBS foreign exchange

reserves over reserve money

and M1 (in %, end of period)

Annual growth rates of monetary

aggregates(in %)

Monetary multiplier


9

1,000,000

1,050,000

1,100,000

1,150,000

1,200,000

1,250,000

1,300,000

1,350,000

1,400,000

1,450,000

1,500,000

1,550,000

1,600,000

1,650,000

1,700,000

Aug2011

Nov Feb May Aug2012

Nov Feb May Aug2013

Valuation changes included Valuation changes excluded

0

2

4

6

8

10

12

14

16

Aug2011

Nov Feb May Aug2012

Nov Feb May Aug2013

Interest rate on securities used in open market operations by the NBS*Interest rate on deposit facilitiesInterest rate on lending facilitiesTwo-week BeliborOne-week Belibor

*Prior to January 31, 2005, the NBS conducted open market operations through outright sale of NBS bills, whereas as of January31, 2005, such operations are conducted through 2W repo sale of long-term RS bonds and NBS bills. Since 16th July NBS has conducted 1W repo buy transactions of government securities. Weighted average interest rates are calculated by the simple method (actual/360).

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

12010

2 3 4 12011

2 3 4 12012

2 3 4 12013

2

M1 M3

Money supply M3 went up from the

previous month both including and

excluding cross-currency changes.

The rate applied by the NBS in its

open market operations increased in

August relative to July, while rates

on deposit and credit facilities

stayed unchanged. In the same

period, two- and one-week Belibor

rates went down.

Measured by M1 and M3 and based

on estimated GDP, the velocity of

circulation accelerated somewhat in

Q2 2013.

Chart 4

Chart 5

Chart 6

Money supply M3(in millions, end of period)

Weighted average interest rates(per annum)

Velocity of circulation(by quarter)

August 2013

10

65

70

75

80

85

90

95

100

105

110

115

120

125

130

135

Aug2011

Nov Feb May Aug2012

Nov Feb May Aug2013

Nominal effective exchange rate Real effective exchange rate

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

Aug2011

Nov Feb May Aug2012

Nov Feb May Aug2013

NBS fx reserves Banks' fx reserves

80

85

90

95

100

105

110

115

Jul2011

Oct Jan Apr Jul2012

Oct Jan Apr Jul2013

Original series Seasonally-adjusted series Trend-cycle

��

The nominal and real effective

exchange rates of the dinar

weakened in August relative to July.

The composition of the country's FX

reserves shows that NBS FX

reserves declined, while those of

commercial banks went up from in

August compared to the previous

month.

Chart 7

Chart 8

Chart 9

Dinar exchange rate(average 2005 = 100)

Country’s foreign exchange reserves(in million of euros)

Industrial production recorded both

y-o-y and s-a growth in July. The

trend cycle stagnated relative to the

previous month.

Industrial production(indices 2012 = 100)


11

-12

-10

-8

-6

-4

-2

0

2

4

Sep2009

Dec Mar Jun Sep2010

Dec Mar Jun Sep2011

Dec Mar Jun Sep2012

Dec Mar Jun Sep2013

-2

0

2

4

6

8

10

12

14

Jun2011

Sep Dec Mar Jun2012

Sep Dec Mar Jun2013

Sep Dec Mar Jun2014

Sep Dec Mar Jun2015

Economic activity is expected to

recover somewhat in Q3 2013

compared to the previous quarter.

Year-on-year inflation is expected

to return within the target

tolerance band by October and

stay within it thereafter.

Chart 10

Chart 11

Inflation projection(y-o-y rates, in %)

Composite index projection(y-o-y growth)

August 2013

13

Statistical Survey

15

August 2013

I. Monetary Statistics

17

1 2 3 4 5 6 7 8 9 10 11

1999 6,707 1,989 8,696 11,971 8,072 3,897 14,779 18,676 24,946 1999

2000 10,933 7,931 19,013 34,026 16,093 5,868 27,026 32,894 65,204 2000

2001 25,266 16,256 41,643 58,052 32,967 9,864 58,233 68,097 125,414 2001

2002 43,719 25,732 69,543 101,908 50,096 17,081 93,815 110,896 191,491 2,186 678 2002

2003 42,979 27,947 72,267 115,430 56,324 25,591 99,303 124,894 244,731 2,836 669 2003

2004 45,165 32,092 82,383 147,948 66,093 34,951 111,258 146,209 322,876 3,104 595 2004

2005 53,650 40,703 100,341 247,808 91,299 47,231 144,949 192,180 458,870 4,922 547 2005

2006 68,461 65,463 143,409 396,972 131,629 78,876 200,090 278,966 634,470 9,020 518 2006

2007 77,000 82,076 169,020 439,172 171,873 141,612 248,873 390,485 903,871 9,634 1,222 2007

2008 90,075 218,857 319,781 514,125 150,669 154,281 240,744 395,025 992,151 8,162 920 2008

2009 95,519 151,030 254,268 533,776 162,908 178,341 258,427 436,768 1,205,570 10,602 1,425 2009

2010 91,750 87,412 188,161 537,338 161,536 157,209 253,286 410,495 1,360,777 10,002 1,684 2010

2011 114,190 104,625 227,067 607,722 179,504 194,220 293,694 487,914 1,500,444 12,058 809 2011

2012 110,547 185,593 308,756 627,088 198,152 172,019 308,699 480,717 1,641,804 10,915 1,057 2012

2011 2011

Aug 89,261 90,091 185,518 490,751 166,793 173,310 256,054 429,364 1,405,830 10,420 1,037 Aug

Sep 94,167 81,727 182,251 503,793 162,250 177,424 256,417 433,841 1,412,180 11,358 1,089 Sep

Oct 87,945 90,254 185,203 499,190 167,587 182,483 255,533 438,015 1,412,047 11,272 1,158 Oct

Nov 92,803 91,135 192,432 515,962 170,987 188,388 263,790 452,178 1,457,579 11,399 1,134 Nov

Dec 114,190 104,625 227,067 607,722 179,504 194,220 293,694 487,914 1,500,444 12,058 809 Dec

2012 2012

Jan 107,218 101,684 217,604 558,215 167,979 188,489 275,197 463,687 1,483,002 11,604 762 Jan

Feb 111,189 98,223 220,908 570,502 175,145 184,805 286,334 471,140 1,522,822 11,175 752 Feb

Mar 106,862 78,711 197,425 562,047 159,532 178,619 266,394 445,013 1,499,732 11,073 673 Mar

Apr 109,009 109,197 229,239 542,811 166,547 181,239 275,555 456,794 1,531,168 10,388 1,020 Apr

May 102,112 99,076 211,516 542,610 160,129 179,781 262,240 442,021 1,574,680 10,173 1,116 May

Jun 105,344 148,255 264,232 612,341 163,692 175,570 269,036 444,606 1,588,633 10,161 1,130 Jun

Jul 109,787 158,674 278,925 614,307 165,413 168,325 275,200 443,525 1,607,517 10,141 1,018 Jul

Aug 110,229 168,564 289,629 613,193 166,886 172,925 277,115 450,040 1,616,921 9,906 1,159 Aug

Sep 111,004 173,806 296,227 612,500 179,189 177,233 290,193 467,426 1,607,585 9,834 923 Sep

Oct 101,644 199,925 313,841 601,730 171,673 179,473 273,318 452,791 1,580,245 10,159 1,215 Oct

Nov 100,745 205,704 317,951 599,090 176,947 181,251 277,692 458,944 1,612,509 10,650 1,284 Nov

Dec 110,547 185,593 308,756 627,088 198,152 172,019 308,699 480,717 1,641,804 10,915 1,057 Dec

2013 2013

Jan 95,941 191,859 301,849 592,964 182,937 169,819 278,877 448,696 1,580,200 10,499 1,049 Jan

Feb 99,258 188,314 301,762 600,433 200,788 166,099 300,046 466,145 1,612,919 11,682 1,173 Feb

Mar 102,114 187,831 304,097 620,873 209,456 167,267 311,570 478,837 1,622,652 11,844 942 Mar

Apr 107,037 202,942 325,190 607,326 204,787 167,035 311,824 478,859 1,604,805 11,148 1,143 Apr

May 101,357 224,191 342,373 624,609 217,364 174,618 318,721 493,338 1,643,816 10,955 1,187 May

Jun 108,993 194,281 317,442 634,462 219,014 164,486 328,007 492,493 1,659,828 10,673 1,006 Jun

Jul 109,349 182,072 305,671 602,609 220,448 163,918 329,796 493,714 1,661,493 10,720 1,086 Jul

Aug 114,717 176,347 310,405 614,532 237,502 165,218 352,219 517,437 1,702,250 10,689 1,163 Aug

Dinar reserve money

Demand deposits

Total reserve money

Currency in circulation

Bank dinar reserves with NBS

Since the 4019 account – government transaction deposits with banks originating from RS Ministry of Finance dinar assets – in which assets of the PublicPayment Administration of RS were held is not a transaction account (no payments are effected through it), in December 2004, assets from this account were removed and posted under savings and time deposits accounts classified in group 506. Since M1 also includes local government assets, M1 declined but money supply M2 remained unchanged. For the sake of comparability, data were adjusted for the whole period since January 2003 when ZOP was closed down and the government account with the Public Payment Administration was opened. This note also refers to Tables 3, 4, 4a, 5 and 7.

Due to the application of the new Decree on the Classification of Activities that entered into force in August 2010, significant changes were made in data series.

NOTE:

Commercial bank FX reserves

(EUR mln)

M3M1 M2NBS FX reserves

(EUR mln)

Time dinar deposits

Table 1

Main Monetary Aggregates(In million dinars, end of period)

August 2013

18

1 2 3 4 5 6 7 8 9 10 11 12

1999 68 3 14,160 14,231 48,163 62,394 4,268 1,446 5,714 4,878 1,003 5,881

2000 38,158 1,300 93,689 133,147 260,677 393,824 5,477 1,453 6,930 4,337 3,169 7,506

2001 16,252 579 127,669 144,500 278,750 423,250 14,685 1,479 16,164 3,876 2,495 6,371

2002 6,452 56 127,954 134,462 7,064 141,526 21,295 1,509 22,804 6,208 2,208 8,416

2003 7,524 21 186,154 193,699 3,059 196,758 19,760 0 19,760 3,895 314 4,209

2004 8,529 3 236,305 244,837 1,396 246,233 22,407 0 22,407 1,740 8 1,748

2005 15,502 2,184 403,084 420,770 1,471 422,241 16,330 181 16,511 946 8 954

2006 14,500 530 697,552 712,582 844 713,426 16,450 0 16,450 481 7 488

2007 17,365 43 745,920 763,328 328 763,656 10,811 0 10,811 589 6 595

2008 22,273 135 700,739 723,147 409 723,556 10,892 21 10,913 2,239 2 2,241

2009 31,078 1,286 984,243 1,016,607 6,235 1,022,842 11,297 3 11,300 386 0 386

2010 47,130 234 1,007,787 1,055,151 7,911 1,063,062 1,315 4 1,319 404 0 404

2011 58,747 208 1,202,822 1,261,777 8,047 1,269,824 1,270 5 1,275 350 0 350

2012 70,503 23,679 1,147,015 1,241,197 9,227 1,250,424 1,221 6 1,227 644 10 654

2011

Aug 57,165 50 1,001,287 1,058,502 7,159 1,065,661 1,309 5 1,314 4,809 355 5,164

Sep 54,800 745 1,093,605 1,149,150 7,583 1,156,733 1,304 5 1,308 6,140 376 6,516

Oct 56,999 767 1,074,930 1,132,696 7,494 1,140,190 1,305 5 1,310 5,723 362 6,085

Nov 62,856 203 1,122,109 1,185,168 7,916 1,193,084 1,306 5 1,311 4,416 393 4,809

Dec 58,747 208 1,202,822 1,261,777 8,047 1,269,824 1,270 5 1,275 350 0 350

2012

Jan 64,691 765 1,165,308 1,230,764 8,085 1,238,849 1,263 5 1,268 7,282 535 7,817

Feb 67,667 251 1,163,419 1,231,337 8,608 1,239,945 1,261 5 1,266 9,542 555 10,097

Mar 64,746 255 1,168,193 1,233,194 8,752 1,241,946 1,267 6 1,273 9,569 561 10,130

Apr 65,739 812 1,095,805 1,162,356 8,873 1,171,229 1,268 6 1,275 8,552 587 9,139

Maj 69,658 31,572 1,085,042 1,186,272 9,604 1,195,876 1,260 6 1,267 4,837 631 5,468

Jun 69,984 31,066 1,075,828 1,176,878 9,418 1,186,296 1,264 7 1,271 10,038 584 10,622

Jul 74,143 32,101 1,087,687 1,193,931 9,897 1,203,828 1,259 7 1,266 9,334 593 9,928

Aug 74,959 18,841 1,079,552 1,173,352 9,934 1,183,286 1,258 7 1,266 19,622 597 20,219

Sep 75,812 17,826 1,037,537 1,131,175 9,591 1,140,766 1,259 7 1,266 13,562 601 14,163

Oct 72,129 17,514 1,061,254 1,150,897 9,387 1,160,284 1,260 8 1,268 7,908 613 8,521

Nov 72,206 5,157 1,122,215 1,199,578 9,274 1,208,852 1,259 6 1,265 5,644 442 6,086

Dec 70,503 23,679 1,147,015 1,241,197 9,227 1,250,424 1,221 6 1,227 644 10 654

2013

Jan 67,249 22,649 1,081,830 1,171,728 8,799 1,180,527 1,212 6 1,217 3,928 425 4,352

Feb 66,645 39,562 1,196,563 1,302,770 8,915 1,311,685 1,216 6 1,222 3,460 439 3,899

Mar 70,222 35,109 1,220,741 1,326,072 9,103 1,335,175 1,217 5 1,222 3,900 451 4,352

Apr 62,302 34,123 1,135,906 1,232,331 8,502 1,240,833 1,218 5 1,222 2,654 425 3,079

May 60,768 22,748 1,139,211 1,222,726 8,446 1,231,172 1,212 4 1,217 1,773 432 2,205

Jun 53,248 18,055 1,147,224 1,218,527 8,320 1,226,847 1,211 4 1,215 1,118 444 1,562

Jul 57,656 39,929 1,122,346 1,219,931 8,328 1,228,259 1,217 4 1,221 1,447 439 1,885

Aug 62,165 28,418 1,132,538 1,223,121 8,490 1,231,611 1,216 5 1,221 1,456 443 1,899

NOTE:

Cash holdings

and foreign currency

Foreign exchange reserves

Total(1+2+3)

Dinar and indexed dinar

SDRs

Credit to government

Other foreign assets

Total(10+11)

Total(7+8)

Monetary gold

Foreign assets


For the period prior to January 2002 claims and liabilities in respect of the republics of the former SFRY are included in foreign claims and liabilities. Transactions with the republics of the former SFRY have been excluded from calculations since January 2002.

Since December 2002, NBS claims on banks in respect of funds previously held by ZOP with banks are also included.

The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force on 1 July 2008.


Total (4+5)

Credit to banks

Foreign currency

Domestic credit

Foreign currency

Table 2

Balance Sheet of the National Bank of Serbia(In million dinars, end of period)


ASSETS

19

13 14 15 16 17 18 19 20 21

76 717 271 988 19 12,678 9,088 4,084 88,244 1999

1,065 335 1,466 1,801 96 17,398 37,134 16,107 464,463 2000

898 958 1,642 2,600 44 26,077 38,357 43,678 531,362 2001

1,991 468 6,925 7,393 26 40,630 37,369 27,458 246,983 2002

1,849 2,653 4,379 7,032 231 33,081 37,827 18,982 286,648 2003

218 2,655 4,690 7,345 251 31,969 41,972 40,298 360,472 2004

187 2,407 5,842 8,249 483 26,384 48,270 38,578 535,473 2005

230 1,904 11,578 13,482 1,123 31,773 42,199 30,583 817,981 2006

230 2,442 2,822 5,264 1,456 18,356 39,709 33,740 855,461 2007

0 2,400 3,331 5,731 1,929 20,814 45,312 32,900 822,582 2008

0 1,343 3,536 4,879 2,463 19,028 48,926 45,218 1,136,014 2009

0 1,325 4,194 5,519 3,404 10,645 57,103 56,972 1,187,782 2010

0 1,290 4,275 5,565 2,486 9,675 58,066 53,689 1,391,254 2011

0 1,153 4,238 5,391 2,637 9,909 61,945 57,671 1,379,949 2012

2011

0 1,319 3,731 5,050 2,542 14,069 52,992 49,239 1,181,961 Aug

0 1,325 3,952 5,277 2,409 15,511 54,542 52,524 1,279,310 Sep

0 1,324 3,802 5,126 2,351 14,872 53,253 60,690 1,269,005 Oct

0 1,295 4,127 5,422 2,479 14,021 56,619 63,630 1,327,355 Nov

0 1,290 4,275 5,565 2,486 9,675 58,066 53,689 1,391,254 Dec

2012

0 1,290 4,252 5,542 2,453 17,079 58,320 66,279 1,380,527 Jan

0 1,295 4,324 5,618 2,615 19,596 59,518 67,849 1,386,908 Feb

0 1,287 4,404 5,691 2,498 19,592 60,361 66,950 1,388,849 Mar

0 1,292 4,463 5,755 2,476 18,645 61,367 67,944 1,319,187 Apr

0 1,289 4,966 6,255 2,548 15,538 66,469 60,494 1,338,377 Maj

0 1,291 4,871 6,162 2,593 20,647 65,403 56,986 1,329,331 Jun

0 1,289 5,055 6,344 2,635 20,173 67,583 59,932 1,351,516 Jul

0 1,289 5,001 6,290 2,639 30,413 67,439 59,734 1,340,871 Aug

0 1,289 4,698 5,987 2,729 24,145 64,149 60,663 1,289,724 Sep

0 1,290 4,618 5,909 2,631 18,329 62,991 62,876 1,304,481 Oct

0 1,298 4,578 5,876 2,604 15,831 62,201 63,536 1,350,419 Nov

0 1,153 4,238 5,391 2,637 9,909 61,945 57,671 1,379,949 Dec

2013

0 1,153 4,043 5,196 2,412 13,178 59,230 64,677 1,317,613 Jan

0 1,153 4,172 5,325 2,392 12,838 60,111 64,298 1,448,931 Feb

0 1,165 4,297 5,461 2,479 13,514 61,253 64,609 1,474,551 Mar

0 1,153 4,150 5,302 2,334 11,938 59,559 63,511 1,375,840 Apr

0 1,153 4,209 5,362 2,273 11,056 60,011 61,462 1,363,700 May

0 1,153 4,298 5,450 2,076 10,302 61,487 56,571 1,355,207 Jun

0 1,153 4,221 5,374 2,387 10,867 60,746 57,673 1,357,545 Jul

0 1,153 4,249 5,402 2,384 10,905 61,230 56,481 1,360,228 Aug

Credit to other sectors

Other assets


Credit to non-bank financial organizations Total assets

(6+18+19+20)

Credit to public

enterprises

IMF quota

Foreign currency

Domestic credit

Total credit(9+12+13+16+17)

Total(14+15)

August 2013

ASSETS

20

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

1999 1,517 57,458 58,975 6,707 1,215 579 98 97 1,989 0 0 0 8,696 3,275 11,971

2000 9,618 364,351 373,969 10,933 3,714 3,893 195 129 7,931 149 0 149 19,013 15,013 34,026

2001 18,432 376,308 394,740 25,266 8,022 7,810 350 74 16,256 121 0 121 41,643 16,409 58,052

2002 33,433 14,177 47,610 43,719 11,466 9,547 1,741 2,978 25,732 92 0 92 69,543 32,365 101,908

2003 50,088 14,005 64,093 42,979 16,212 1,013 4,097 6,626 27,948 1,313 27 1,340 72,267 43,163 115,430

2004 55,871 13,389 69,260 45,165 20,953 1,494 4,281 5,364 32,092 5,099 27 5,126 82,383 65,565 147,948

2005 62,577 19,296 81,873 53,650 26,046 2,712 7,053 4,892 40,703 5,923 65 5,988 100,341 147,467 247,808

2006 14,662 41,030 55,692 68,461 34,290 -1,532 10,206 22,499 65,463 9,423 62 9,485 143,409 253,563 396,972

2007 0 13,805 13,805 77,000 30,393 -8,841 15,614 44,910 82,076 9,939 5 9,944 169,020 270,152 439,172

2008 0 13,732 13,732 90,075 165,227 29,392 18,743 5,495 218,857 10,848 1 10,849 319,781 194,344 514,125

2009 106,434 8,124 114,558 95,519 111,874 14,790 17,406 6,960 151,030 7,718 1 7,719 254,268 279,508 533,776

2010 161,654 8,687 170,341 91,750 65,079 -6,987 17,877 11,444 87,412 8,998 1 8,999 188,161 349,177 537,338

2011 170,143 8,286 178,429 114,190 71,247 3,485 18,211 11,682 104,625 8,253 0 8,253 227,067 380,654 607,722

2012 158,210 7,523 165,733 110,547 140,322 4,956 25,560 14,755 185,593 12,612 5 12,617 308,756 318,332 627,088

2011

Aug 155,159 7,280 162,439 89,261 68,232 2,898 18,363 598 90,091 6,166 0 6,166 185,518 305,233 490,751

Sep 159,873 7,580 167,453 94,167 69,230 -6,973 17,203 2,267 81,727 6,356 0 6,356 182,251 321,543 503,793

�ct 156,264 7,183 163,447 87,945 69,476 -1,607 21,434 951 90,254 7,004 0 7,004 185,203 313,987 499,190

Nov 165,744 7,754 173,498 92,803 71,702 279 18,002 1,152 91,135 8,494 0 8,494 192,432 323,530 515,962

Dec 170,143 8,286 178,429 114,190 71,247 3,485 18,211 11,682 104,625 8,253 0 8,253 227,067 380,654 607,722

2012

Jan 171,048 7,719 178,767 107,218 73,409 6,976 19,148 2,150 101,684 8,701 1 8,702 217,604 340,611 558,215

Feb 174,213 7,800 182,013 111,189 74,852 2,805 19,097 1,469 98,223 11,494 1 11,495 220,908 349,595 570,502

Mar 176,852 7,899 184,751 106,862 74,949 -17,165 18,526 2,402 78,711 11,839 12 11,851 197,425 364,622 562,047

Apr 179,583 7,958 187,541 109,009 90,653 -4,177 21,886 835 109,197 10,953 80 11,033 229,239 313,572 542,811

May 194,571 8,505 203,076 102,112 88,100 -11,028 20,017 1,987 99,076 10,328 1 10,329 211,516 331,093 542,610

Jun 191,625 8,269 199,894 105,344 118,130 9,003 18,345 2,778 148,255 10,627 6 10,633 264,232 348,109 612,341

Jul 198,194 8,423 206,617 109,787 121,527 7,427 21,172 8,549 158,674 10,462 1 10,463 278,925 335,382 614,307

Aug 184,749 8,281 193,030 110,229 143,928 4,315 18,349 1,973 168,564 10,833 2 10,835 289,629 323,565 613,193

Sep 175,891 7,786 183,677 111,004 142,732 10,011 18,963 2,101 173,806 11,415 2 11,417 296,227 316,273 612,500

�ct 172,873 7,672 180,545 101,644 133,229 15,727 21,175 29,794 199,925 12,267 4 12,271 313,841 287,890 601,730

Nov 158,720 7,611 166,331 100,745 137,056 3,954 19,524 45,169 205,704 11,482 20 11,502 317,951 281,139 599,090

Dec 158,210 7,523 165,733 110,547 140,322 4,956 25,560 14,755 185,593 12,612 5 12,617 308,756 318,332 627,088

2013

Jan 151,415 7,038 158,453 95,941 141,691 10,158 19,895 20,116 191,859 13,981 68 14,049 301,849 291,116 592,964

Feb 142,103 7,208 149,311 99,258 140,129 5,114 19,698 23,373 188,314 14,189 2 14,191 301,762 298,671 600,433

Mar 139,813 7,357 147,170 102,114 141,300 -13,184 19,532 40,184 187,831 14,150 1 14,151 304,097 316,776 620,873

Apr 135,959 7,174 143,133 107,037 140,865 -18,870 24,900 56,047 202,942 15,210 2 15,212 325,190 282,137 607,326

May 125,496 7,203 132,699 101,357 140,548 -4,459 21,049 67,053 224,191 16,823 2 16,825 342,373 282,237 624,609

Jun 123,444 7,297 130,741 108,993 144,404 -7,224 21,395 35,707 194,281 14,166 2 14,168 317,442 317,020 634,462

Jul 119,454 6,992 126,446 109,349 144,823 3,541 24,036 9,672 182,072 14,249 2 14,251 305,671 296,938 602,609

Aug 108,688 7,022 115,710 114,717 144,342 -10,128 23,096 19,038 176,347 19,339 1 19,340 310,405 304,127 614,532

NOTE:

Other dinar deposits

Required

reserves1)

Total(1+2)

Foreign liabilities

IMF loans

Currency in

circulation

Reserve money

Dinar reserve money

(4+9+12)

Local govern-

ment

Giro

accounts2)

Total reserve money(13+14)

2) As of May 2004, required reserves are not allocated to a separate account but form part of the gyro account. For the calculation of excess reserves, gyro account balances in column 6 have been reduced by the amount of calculated required reserves.

3)Until September 2010 Statistical Bulletin, funds approved to the Republic of Serbia by the IMF under SDR allocation (August, September 2009) were included in the National Bank of Serbia's capital and deducted from Other liabilities. As of September 2010, these funds are fully excluded from the NBS balance sheet and the data series are shown without them.



Total(5+6+7+8)

Total(10+11)

Foreign currency

bank deposits

Other liabilities Vault

cash

Excess bank

deposits

Other sectors

1) Since May 2004 required reserves are shown in terms of their calculated values.

Bank dinar reserves

Table 2

Balance Sheet of the National Bank of Serbia(In million dinars, end of period)


LIABILITIES

21

16 17 18 19 20 21 22 23 24 25 26 27 28 29

568 306 874 5 0 5 0 1,401 0 142 3,789 6,326 4,761 88,244 1999

1,828 4,482 6,310 4 3 7 0 555 0 57 6,725 34,944 7,870 464,463 2000

3,612 7,259 10,871 5 0 5 0 724 0 1,001 8,090 40,216 17,663 531,362 2001

5,009 6,159 11,168 5 4 9 0 2,862 0 2,064 6,992 36,956 37,414 246,983 2002

12,999 18,107 31,106 3 660 663 0 2,261 0 1,715 12,817 37,905 20,657 286,647 2003

22,966 9,990 32,956 17 902 919 0 1,754 0 502 28,481 42,375 36,277 360,472 2004

40,718 18,806 59,524 7 1,146 1,153 16,829 8 157 562 35,601 49,680 42,278 535,473 2005

19,678 103,443 123,121 3 946 949 141,850 7,890 2,147 629 2,341 41,832 44,558 817,981 2006

29,200 81,998 111,198 0 717 717 207,965 9,725 819 712 1,904 39,425 30,019 855,461 2007

19,702 40,725 60,427 0 3,522 3,522 77,807 12,616 0 418 59,313 46,069 34,553 822,582 2008

62,984 49,255 112,239 0 5,396 5,396 151,676 3 0 448 123,187 49,313 45,418 1,136,014 2009

54,016 53,695 107,711 0 4,889 4,889 46,900 8 0 708 202,334 57,105 60,448 1,187,782 2010

49,927 98,849 148,776 0 7,258 7,258 120,550 45 0 427 208,622 58,067 61,358 1,391,254 2011

55,066 105,785 160,852 0 5,071 5,071 39,800 41 0 2,025 264,266 62,012 53,061 1,379,949 2012

2011

35,539 85,612 121,151 0 6,234 6,234 111,040 631 0 407 182,222 52,993 54,093 1,181,961 Aug

50,262 153,282 203,543 0 6,165 6,165 100,980 3,555 0 427 183,814 54,544 55,036 1,279,310 Sep

44,321 157,134 201,455 0 5,921 5,921 100,020 6,166 0 520 177,944 53,254 61,089 1,269,006 �ct

46,253 142,305 188,558 0 6,067 6,067 111,920 9,317 0 643 202,014 56,620 62,756 1,327,355 Nov

49,927 98,849 148,776 0 7,258 7,258 120,550 45 0 427 208,622 58,067 61,358 1,391,254 Dec

2012

50,671 97,471 148,142 0 7,618 7,618 133,110 10,362 0 779 208,242 58,321 76,971 1,380,527 Jan

32,707 81,660 114,367 0 8,681 8,681 132,930 11,580 0 517 229,273 59,518 77,527 1,386,908 Feb

57,491 77,288 134,778 0 7,764 7,764 116,240 10,868 0 776 233,005 60,362 78,258 1,388,849 Mar

40,920 69,461 110,381 0 8,382 8,382 78,780 9,861 0 351 237,940 61,927 81,212 1,319,187 Apr

46,984 61,812 108,796 0 11,603 11,603 50,750 5,016 0 435 281,622 67,084 67,385 1,338,377 May

34,283 54,632 88,915 0 6,147 6,147 12,520 1,834 0 565 275,496 65,888 65,731 1,329,331 Jun

40,711 45,943 86,654 0 8,327 8,327 0 1,773 0 474 295,730 68,333 69,301 1,351,516 Jul

43,522 46,281 89,803 0 9,111 9,111 0 2,022 0 502 296,188 68,172 68,850 1,340,871 Aug

37,387 32,193 69,580 0 7,261 7,261 0 2,293 0 1,284 277,853 64,483 70,793 1,289,724 Sep

37,751 90,824 128,575 0 6,752 6,752 0 2,328 0 645 264,806 63,185 55,915 1,304,481 �ct

40,975 154,172 195,147 0 5,547 5,547 0 3,714 0 842 262,193 62,300 55,255 1,350,419 Nov

55,066 105,785 160,852 0 5,071 5,071 39,800 41 0 2,025 264,266 62,012 53,061 1,379,949 Dec

2013

55,352 93,978 149,329 0 5,436 5,436 50,000 3,860 0 1,334 183,619 58,968 113,650 1,317,613 Jan

44,358 211,313 255,670 0 7,720 7,720 70,000 3,371 0 715 187,784 59,956 113,971 1,448,931 Feb

51,398 197,976 249,374 0 5,599 5,599 75,000 3,849 0 571 196,761 61,290 114,064 1,474,551 Mar

54,964 136,170 191,135 0 5,429 5,429 75,000 2,586 0 929 176,502 59,964 113,836 1,375,840 Apr

52,169 110,796 162,965 0 9,751 9,751 80,000 1,759 0 1,182 232,714 60,053 57,967 1,363,700 May

56,031 104,134 160,164 0 5,476 5,476 75,000 1,060 0 867 234,634 61,708 51,095 1,355,207 Jun

75,528 107,391 182,919 0 6,967 6,967 90,000 1,365 0 588 234,043 60,877 51,733 1,357,545 Jul

67,154 99,394 166,548 0 10,003 10,003 100,000 1,389 0 623 239,349 61,420 50,655 1,360,228 Aug

NBS savings

billsTotal

(19+20)

Dinar and

indexed dinar

Time deposits

Liabilities with

respect to other

securities

Total(16+17)

Dinar and

indexed dinar

Foreign currency

Total liabilities

(3+15+18+21 to 28)

Restricted deposits

Other

liabilities3)

Capital

accounts3)

IMF accounts with NBS

Liabilities with

respect to NBS repo

transactions

Government deposits

Foreign currency

August 2013

LIABILITIES

22

Table 3

Balance Sheet of Banks(In million dinars, end of period)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

1999 5,374 5,609 10,983 3,888 4 3,892 43,024 98 1,669 232 8,712 10,711 295 11,006

2000 34,942 28,691 63,633 5,711 123 5,834 222,638 195 7,711 186 36,442 44,534 503 45,037

2001 55,631 27,490 83,121 6,875 281 7,156 208,318 350 16,295 375 43,281 60,301 709 61,010

2002 41,691 12,273 53,964 5,075 7,313 12,388 66 1,742 23,404 1,161 34,895 61,202 1,466 62,668

2003 45,686 13,900 59,586 2,739 9,756 12,495 0 4,097 1,013 21,959 43,049 70,118 4,120 74,238

2004 46,904 18,073 64,977 7,601 13,993 21,594 0 4,281 22,434 5,089 65,234 97,038 0 2,423 99,461

2005 46,808 20,231 67,039 4,942 18,653 23,595 0 7,053 28,667 4,673 147,742 188,135 16,895 601 205,631

2006 40,944 14,941 55,885 1,821 16,625 18,446 0 10,206 32,766 20,189 253,619 316,780 144,860 6,672 468,312

2007 96,808 14,342 111,150 124 8,269 8,393 0 15,614 21,551 43,226 270,324 350,715 208,051 10,653 569,419

2008 81,482 38,425 119,907 2,035 7,420 9,455 0 18,743 194,620 5,545 193,849 412,757 77,838 17,018 507,613

2009 136,630 25,135 161,765 90,215 17,609 107,824 0 17,406 126,665 6,962 279,191 430,224 151,741 1,026 582,991

2010 177,692 46,632 224,324 147,887 44,777 192,664 0 17,877 58,092 11,448 349,283 436,700 46,926 792 484,417

2011 84,666 41,764 126,430 128,561 69,520 198,081 0 18,211 74,732 11,685 380,385 485,013 120,619 316 605,947

2012 120,236 49,097 169,333 173,461 116,898 290,360 0 25,560 145,278 14,755 318,304 503,896 39,822 393 544,111

2011

Aug 105,317 46,369 151,685 117,517 69,673 187,191 0 18,363 71,129 601 300,381 390,474 111,090 353 501,916

Sep 110,158 52,645 162,803 130,487 70,029 200,516 0 17,203 62,258 2,270 315,611 397,342 101,030 224 498,596

Oct 116,405 65,505 181,909 137,160 68,660 205,820 0 21,434 67,869 954 308,660 398,917 100,078 223 499,217

Nov 117,859 62,110 179,969 134,588 69,953 204,541 0 18,002 71,981 1,155 319,021 410,159 111,955 1,366 523,481

Dec 84,666 41,764 126,430 128,561 69,520 198,081 0 18,211 74,732 11,685 380,385 485,013 120,619 316 605,947

2012

Jan 80,803 47,520 128,323 129,232 70,918 200,151 0 19,148 80,386 2,153 333,338 435,025 133,307 988 569,320

Feb 82,859 46,821 129,680 139,549 70,234 209,782 0 19,097 77,657 1,472 339,348 437,574 132,972 284 570,829

Mar 74,922 36,938 111,860 147,047 73,417 220,464 0 18,526 57,813 2,405 354,304 433,048 116,291 817 550,156

Apr 114,162 69,649 183,811 147,113 74,501 221,613 0 21,886 86,476 838 304,289 413,489 78,834 409 492,732

May 130,190 68,974 199,164 165,543 84,376 249,919 0 20,017 77,071 1,987 326,312 425,387 50,788 1,013 477,187

Jun 130,873 51,531 182,404 166,798 94,880 261,677 0 18,345 127,162 2,778 343,540 491,825 12,532 432 504,789

Jul 119,796 74,159 193,956 163,548 104,534 268,082 0 21,172 128,953 8,549 329,645 488,319 0 597 488,916

Aug 137,334 46,799 184,132 169,609 108,907 278,517 0 18,349 148,241 1,973 317,373 485,936 0 281 486,217

Sep 106,193 51,155 157,348 167,582 109,852 277,434 0 18,963 152,787 2,101 312,589 486,438 0 267 486,705

Oct 137,615 53,327 190,941 158,295 111,178 269,473 0 21,175 149,024 29,794 285,422 485,415 0 819 486,233

Nov 144,637 61,376 206,012 163,688 114,923 278,610 0 19,524 141,010 45,169 276,556 482,260 0 247 482,506

Dec 120,236 49,097 169,333 173,461 116,898 290,360 0 25,560 145,278 14,755 318,304 503,896 39,822 393 544,111

2013

Jan 117,022 50,717 167,740 165,645 106,631 272,276 0 19,895 151,849 20,115 287,075 478,934 50,012 258 529,204

Feb 130,787 43,575 174,362 161,455 107,771 269,225 0 19,698 145,243 23,373 294,987 483,301 70,015 252 553,568

Mar 105,465 29,926 135,391 167,313 116,161 283,474 0 19,532 128,154 40,184 312,362 500,232 75,029 975 576,235

Apr 126,308 26,463 152,771 155,246 120,300 275,547 0 24,900 121,994 56,047 279,086 482,028 75,007 953 557,988

May 132,486 44,340 176,826 160,256 120,462 280,718 0 21,049 136,087 67,053 280,397 504,585 80,017 655 585,257

Jun 114,871 43,027 157,898 170,510 122,252 292,763 0 21,395 137,219 35,707 315,429 509,750 75,021 670 585,441

Jul 123,532 56,205 179,737 172,984 122,687 295,671 0 24,036 148,363 9,672 295,103 477,174 90,008 428 567,610

Aug 133,119 55,623 188,742 180,544 122,247 302,792 0 23,096 134,241 19,038 302,777 479,151 100,032 205 579,389

Dinar deposits

Claims on government

against frozen forex

savings deposits

Foreign exchange reserves

Other foreign assets

Total(1+2)

Foreign assets

Claims on NBS

Claims against

repo

transactions1)

Other claims

Total claims

on NBS(12+13

+14)

Vault cash

Total(8 to 11)

Domestic credit


Dinar and

indexed dinar

Foreign currency

Total(4+5)

Foreign currency deposits

Gyro accounts

NOTE: From January 2002 four large state - owned banks whose licences were revoked were excluded as well as banks undergoing liquidation for a number of years (38 banks) while their respective positions from the last month of operation were repeated in subsequent balance sheets of commercial banks.1) As of 23 September 2005, NBS began auction repo sale of NBS bills.The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force on 1 July 2008.

Due to application of the new Activities Classification Decree that came into force in August 2010, significant changes were made in data series.

ASSETS


23

16 17 18 19 20 21 22 23 24 25 26

158 263 7,669 56,588 1,760 823 67,261 125,183 10,061 32,669 178,896 1999

250 1,480 32,499 180,554 2,849 5,300 222,932 496,441 24,725 214,230 799,029 2000

554 1,627 36,987 209,900 5,277 9,295 263,640 540,124 26,427 249,657 899,329 2001

999 593 7,335 144,291 16,139 2,516 171,873 246,995 28,133 29,915 359,007 2002

414 1,410 9,890 185,552 29,333 1,830 228,429 315,162 34,840 42,280 451,868 2003

870 1,269 15,948 248,229 66,356 2,179 334,851 455,906 42,010 52,078 614,971 2004

619 2,208 19,171 351,220 131,860 4,301 509,379 738,605 55,866 52,681 914,191 2005

918 5,033 16,866 363,529 203,318 4,672 594,336 1,081,094 66,178 71,130 1,274,287 2006

1,395 7,008 17,820 489,171 305,457 6,446 827,297 1,405,109 74,506 87,604 1,678,369 2007

13,802 9,244 25,470 637,152 428,179 3,349 1,117,196 1,634,264 88,751 73,728 1,916,650 2008

13,896 11,533 50,317 754,681 462,345 5,965 1,298,737 1,989,552 98,442 86,287 2,336,046 2009

29,915 18,106 69,521 958,573 571,205 663 1,647,983 2,325,064 106,307 85,571 2,741,266 2010

38,193 25,713 98,087 1,015,751 601,743 765 1,780,252 2,584,280 115,244 75,966 2,901,920 2011

40,210 31,731 106,214 1,117,655 652,686 1,561 1,950,055 2,784,526 112,531 92,182 3,158,571 2012

2011

37,532 18,984 89,233 967,981 589,836 893 1,704,458 2,393,565 116,065 90,445 2,751,760 Aug

38,314 20,037 88,196 972,477 587,058 745 1,706,827 2,405,938 116,341 81,312 2,766,394 Sep

38,669 22,468 87,881 961,049 588,087 725 1,698,879 2,403,915 116,020 88,566 2,790,410 Oct

36,492 23,448 94,623 985,145 601,798 770 1,742,275 2,470,297 117,000 81,800 2,849,065 Nov

38,193 25,713 98,087 1,015,751 601,743 765 1,780,252 2,584,280 115,244 75,966 2,901,920 Dec

2012

39,357 25,744 100,248 1,052,195 608,109 814 1,826,467 2,595,937 115,640 86,808 2,926,707 Jan

39,650 26,402 105,076 1,076,440 621,537 999 1,870,104 2,650,715 115,901 93,198 2,989,494 Feb

40,874 26,684 104,742 1,086,987 628,538 1,020 1,888,844 2,659,463 116,459 84,170 2,971,952 Mar

40,132 28,531 107,171 1,092,766 632,355 1,244 1,902,199 2,616,544 117,377 91,853 3,009,585 Apr

46,738 29,593 109,850 1,129,084 654,378 1,139 1,970,781 2,697,887 117,749 93,015 3,107,815 May

41,728 33,575 103,790 1,093,797 655,582 1,435 1,929,907 2,696,373 117,667 87,729 3,084,173 Jun

42,130 33,852 106,998 1,127,341 666,578 1,451 1,978,351 2,735,349 117,949 101,924 3,149,177 Jul

41,850 33,767 106,494 1,135,630 671,428 1,561 1,990,731 2,755,465 118,458 94,861 3,152,917 Aug

42,463 33,136 101,377 1,152,545 659,983 1,477 1,990,981 2,755,121 117,257 98,395 3,128,120 Sep

40,018 32,466 97,810 1,118,918 655,205 1,482 1,945,899 2,701,605 112,294 107,110 3,111,951 Oct

40,580 31,895 107,395 1,120,419 652,277 1,460 1,954,027 2,715,144 112,532 109,792 3,143,481 Nov

40,210 31,731 106,214 1,117,655 652,686 1,561 1,950,055 2,784,526 112,531 92,182 3,158,571 Dec

2013

39,528 30,921 107,022 1,088,101 642,650 1,518 1,909,741 2,711,220 112,486 103,570 3,095,017 Jan

40,541 30,486 107,908 1,091,278 643,018 1,513 1,914,745 2,737,538 112,846 98,577 3,123,323 Feb

42,053 30,205 109,902 1,093,028 649,295 1,445 1,925,927 2,785,636 114,339 104,235 3,139,600 Mar

38,606 35,311 106,434 1,057,775 646,622 1,125 1,885,873 2,719,407 111,117 108,265 3,091,560 Apr

42,491 35,432 105,533 1,049,571 654,296 1,257 1,888,579 2,754,554 111,405 106,884 3,149,670 May

41,342 35,600 104,971 1,070,406 668,141 1,219 1,921,679 2,799,882 112,729 89,162 3,159,671 Jun

39,326 35,128 103,554 1,060,938 671,812 1,035 1,911,794 2,775,075 113,115 91,240 3,159,167 Jul

39,797 35,259 102,485 1,058,841 673,718 1,002 1,911,101 2,793,282 114,543 90,780 3,187,347 Aug

Total assets(3+23 to 25)

Non-profit and other

organizations

Total(16 to 21)

Domestic credit

Total(6+7+

15+22)

Other assets

Companies

Fixed assets

Public enterprises

HouseholdsOther

financial organizations

Local government

Credit to other sectors

August 2013

ASSETS

24

Table 3

Balance Sheet of Banks(In million dinars, end of period)

Dinar and

indexed dinar

Foreign currency

Total(2+3)

Other financial organi-zations

Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds

Non-profit

and other organi-zations

Total(5 to 10)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds

Non-profit and

other organi-zations

Total(12 to 17)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

1999 34,770 1,297 37 1,334 99 337 570 5,027 1,236 803 8,072 329 119 270 2,354 446 374 3,892

2000 180,429 2,544 215 2,759 630 1,292 1,026 8,242 3,020 1,734 15,944 298 116 640 3,656 714 440 5,864

2001 207,974 4,041 447 4,488 889 3,390 2,157 17,874 5,067 3,469 32,846 745 219 920 5,765 1,559 651 9,859

2002 17,123 10,499 9,674 20,173 150 5,065 6,178 26,520 7,908 4,183 50,004 1,023 415 4,166 6,921 3,528 1,023 17,076

2003 23,280 4,935 5,367 10,302 531 8 6,853 34,769 9,179 3,643 54,983 1,293 6,797 3,647 7,864 4,231 1,756 25,588

2004 83,225 1,518 3,576 5,094 1,022 20 10,134 36,528 9,585 3,678 60,967 1,783 9,212 4,834 14,020 3,148 1,937 34,934

2005 191,124 2,886 5,527 8,413 1,487 12 9,893 55,167 13,454 5,298 85,311 2,550 11,501 8,708 18,715 3,088 2,662 47,224

2006 307,742 11,519 4,467 15,986 3,707 50 9,330 81,687 21,346 6,024 122,144 6,681 14,077 15,348 33,395 5,383 3,989 78,873

2007 299,769 15,894 4,340 20,234 4,176 59 14,765 107,994 27,595 7,340 161,929 9,569 10,980 17,141 89,947 9,947 4,028 141,612

2008 349,560 7,300 5,576 12,876 6,845 433 9,321 76,634 41,974 4,613 139,820 36,035 12,786 16,055 76,327 10,575 2,503 154,281

2009 499,546 4,785 6,519 11,304 5,142 1,119 11,097 83,004 49,150 5,677 155,189 34,109 16,340 18,279 94,583 12,400 2,630 178,341

2010 609,715 4,044 16,584 20,628 9,333 131 10,183 79,869 47,440 5,581 152,538 18,647 9,524 17,212 95,707 13,360 2,759 157,209

2011 547,687 4,363 16,679 21,042 7,237 151 8,547 89,145 60,209 5,963 171,251 27,198 10,837 23,852 109,956 19,355 3,023 194,220

2012 580,937 5,276 30,361 35,636 8,676 38 11,705 97,473 61,213 6,430 185,535 24,747 12,630 11,126 102,493 17,630 3,393 172,019

2011

Aug 504,910 3,834 15,707 19,541 8,152 94 16,586 79,977 49,917 5,901 160,627 25,591 14,332 25,416 90,173 14,975 2,822 173,310

Sep 516,144 4,113 15,473 19,586 7,591 97 12,691 77,453 52,163 5,900 155,894 24,653 14,350 26,012 94,081 15,505 2,823 177,424

Oct 520,296 4,177 15,566 19,743 8,785 115 9,364 86,438 49,591 6,290 160,583 27,746 16,334 25,111 94,878 15,450 2,964 182,483

Nov 533,216 4,125 17,107 21,232 6,312 144 13,391 84,861 51,499 6,288 162,493 26,575 16,415 25,709 99,196 17,355 3,137 188,387

Dec 547,687 4,363 16,679 21,042 7,237 151 8,547 89,145 60,209 5,963 171,251 27,198 10,837 23,852 109,956 19,355 3,023 194,220

2012

Jan 559,694 4,506 16,095 20,601 7,191 145 9,410 78,615 57,490 6,426 159,277 27,140 14,037 15,814 106,714 21,779 3,007 188,489

Feb 576,979 4,888 17,419 22,307 8,693 94 8,250 81,366 58,409 6,839 163,650 28,305 14,898 15,037 102,514 21,076 2,976 184,805

Mar 582,597 4,772 17,500 22,272 4,316 89 6,497 74,681 55,501 6,597 147,680 26,428 15,319 14,680 98,128 20,689 3,376 178,619

Apr 572,468 5,540 21,111 26,650 4,593 66 6,802 77,951 59,136 6,966 155,513 23,782 14,555 13,608 105,578 20,405 3,310 181,238

May 587,547 6,518 30,171 36,690 4,580 169 7,615 77,565 52,908 6,963 149,800 23,848 15,433 12,674 106,090 18,287 3,448 179,781

Jun 566,261 6,785 31,421 38,205 6,801 132 7,780 77,406 54,422 6,518 153,059 22,553 15,650 12,063 104,515 17,326 3,463 175,570

Jul 576,578 6,931 31,023 37,954 4,626 137 6,771 81,244 55,755 6,417 154,950 23,260 15,846 12,248 95,744 17,560 3,667 168,325

Aug 578,845 7,067 30,040 37,108 4,885 138 6,811 80,640 56,893 6,684 156,051 24,147 16,665 12,408 98,357 17,704 3,643 172,925

Sep 563,586 7,197 29,209 36,406 7,671 240 7,072 87,766 58,192 6,832 167,772 22,902 17,705 11,618 103,494 17,876 3,638 177,233

Oct 572,365 4,131 26,623 30,753 5,342 48 7,925 85,104 54,245 6,738 159,402 25,717 18,111 11,695 103,524 17,026 3,401 179,473

Nov 562,578 5,154 29,673 34,827 5,591 72 10,158 87,821 55,087 6,716 165,445 26,412 19,008 11,502 103,520 17,554 3,256 181,251

Dec 580,937 5,276 30,361 35,636 8,676 38 11,705 97,473 61,213 6,430 185,535 24,747 12,630 11,126 102,493 17,630 3,393 172,019

2013

Jan 545,882 5,995 29,870 35,865 10,570 38 12,932 83,802 55,101 6,446 168,888 25,542 15,092 11,739 96,268 17,712 3,466 169,819

Feb 543,696 6,026 29,704 35,730 13,726 37 22,001 86,645 57,721 6,468 186,598 20,707 17,175 11,811 94,817 18,021 3,567 166,099

Mar 531,837 6,670 35,816 42,486 17,507 73 26,471 86,377 58,337 6,540 195,304 17,966 18,397 11,779 96,748 18,712 3,665 167,267

Apr 523,541 6,774 36,738 43,512 12,965 73 25,793 83,364 61,059 6,322 189,576 17,830 18,031 11,521 96,560 19,270 3,823 167,035

May 528,067 7,294 42,153 49,447 11,545 76 28,073 95,032 59,026 6,788 200,539 17,824 18,334 11,339 102,992 20,303 3,825 174,618

Jun 536,749 7,165 42,307 49,472 13,524 36 22,792 99,812 62,051 6,632 204,846 15,790 19,879 11,542 92,724 20,697 3,854 164,486

Jul 531,626 6,686 44,756 51,442 13,835 63 20,455 100,264 64,938 6,642 206,197 15,757 21,084 12,436 88,949 21,693 4,000 163,918

Aug 524,806 6,574 44,348 50,922 14,091 64 16,509 113,077 67,594 6,827 218,162 16,575 17,427 12,149 92,573 22,460 4,034 165,218

Due to application of the new Activities Classification Decree that came into force in August 2010, significant changes were made in data series.


Government deposits Transaction deposits in dinars

Foreign liabilities

Dinar and indexed dinar saving and time deposits


LIABILITIES

25


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds

Non-profit

and other organi-zations

Total(19 to 24)

19 20 21 22 23 24 25 26 27 28 29 30 31 32

112 1 246 4,122 587 1,202 6,270 1,932 41,125 0 26,152 16,308 39,041 178,896 1999

1,003 9 2,272 23,318 3,008 2,697 32,307 1,867 211,431 0 30,884 91,793 225,751 799,029 2000

766 9 1,647 30,442 20,994 3,459 57,317 1,853 213,272 0 -148,650 306,729 213,641 899,329 2001

630 60 3,808 28,787 45,941 1,365 80,591 5,321 100 0 76,107 58,814 33,698 359,007 2002

1,011 86 6,072 41,126 69,738 1,144 119,177 3,850 0 1,409 100,370 74,140 38,769 451,868 2003

1,450 22 8,464 53,381 110,713 1,735 175,765 1,755 0 1,103 109,173 93,847 49,108 614,971 2004

3,464 39 13,059 56,042 190,136 2,804 265,544 735 0 2,708 140,322 123,887 48,923 914,191 2005

7,146 8 9,405 74,884 260,661 2,454 354,558 443 0 2,365 234,800 87,140 70,236 1,274,287 2006

12,044 37 7,832 108,563 381,601 2,592 512,669 2,076 0 2,541 349,541 93,233 94,765 1,678,369 2007

38,854 42 22,514 116,134 414,570 1,490 593,604 5,615 0 1,426 432,356 109,013 118,099 1,916,650 2008

50,363 26 24,225 118,354 566,177 4,261 763,406 919 0 2,091 459,708 138,362 127,180 2,336,046 2009

52,919 62 21,987 136,060 732,066 2,298 945,393 850 0 51,211 519,692 164,150 119,880 2,741,266 2010

35,031 7 23,084 168,683 775,637 2,830 1,005,272 425 0 53,243 569,964 215,444 123,371 2,901,920 2011

34,180 3 26,797 182,280 909,849 2,907 1,156,016 667 0 42,875 611,491 225,848 147,547 3,158,571 2012

2011

34,399 9 24,136 164,316 744,751 2,622 970,232 406 0 54,101 560,747 172,014 135,871 2,751,759 Aug

41,129 10 23,463 160,929 744,100 2,543 972,174 379 0 52,097 564,787 180,162 127,747 2,766,394 Sep

37,467 9 22,888 167,952 736,956 2,839 968,111 400 0 51,754 569,882 181,113 136,046 2,790,410 Oct

36,089 8 23,471 163,898 773,052 2,817 999,334 1,570 0 53,357 573,194 185,575 130,708 2,849,065 Nov

35,031 7 23,084 168,683 775,637 2,830 1,005,272 425 0 53,243 569,964 215,444 123,371 2,901,920 Dec

2012

35,882 8 23,513 161,599 788,075 2,619 1,011,697 1,140 0 55,681 563,610 217,912 148,605 2,926,707 Jan

35,578 9 24,445 159,675 820,783 2,513 1,043,002 226 0 57,062 571,447 223,231 146,786 2,989,494 Feb

34,719 11 24,981 150,549 834,253 2,442 1,046,955 771 0 55,511 590,828 229,198 117,521 2,971,952 Mar

34,600 9 25,909 157,632 845,425 2,417 1,065,992 359 0 54,067 600,911 228,286 124,099 3,009,585 Apr

39,492 9 27,227 161,186 890,721 2,421 1,121,056 979 0 54,449 610,090 235,025 132,399 3,107,815 May

38,593 11 27,518 180,929 888,372 2,457 1,137,880 5,995 0 46,853 600,521 221,167 138,662 3,084,173 Jun

38,247 12 28,605 179,135 907,015 2,652 1,155,665 5,362 0 48,235 603,853 225,358 172,898 3,149,177 Jul

37,869 13 27,596 176,001 913,573 2,719 1,157,770 14,208 0 48,410 607,214 227,423 152,965 3,152,917 Aug

36,416 15 26,180 176,842 890,782 2,664 1,132,898 10,235 0 47,164 605,358 232,898 154,572 3,128,120 Sep

35,298 25 27,151 171,900 883,698 2,631 1,120,702 6,299 0 46,263 612,345 213,098 171,252 3,111,951 Oct

33,513 19 32,635 180,027 899,246 2,578 1,148,018 2,059 0 46,429 625,994 214,932 161,948 3,143,481 Nov

34,180 3 26,797 182,280 909,849 2,907 1,156,016 667 0 42,875 611,491 225,848 147,547 3,158,571 Dec

2013

31,611 4 25,902 166,448 899,075 3,028 1,126,068 154 0 43,427 612,339 225,260 167,315 3,095,017 Jan

33,140 6 37,190 163,471 902,200 3,047 1,139,054 129 0 45,781 615,838 227,548 162,851 3,123,323 Feb

30,968 4 28,223 168,640 907,288 3,092 1,138,216 678 0 46,789 636,951 229,724 150,349 3,139,600 Mar

33,162 5 27,318 162,858 894,203 2,972 1,120,517 792 0 46,386 621,740 215,408 163,053 3,091,560 Apr

34,696 4 28,462 169,360 905,099 3,106 1,140,726 482 0 44,835 625,064 218,667 167,228 3,149,670 May

32,198 3 28,531 173,199 924,684 3,246 1,161,860 483 0 45,279 621,809 222,111 152,575 3,159,671 Jun

32,559 4 28,538 173,382 923,290 3,040 1,160,812 277 0 46,965 626,479 221,610 149,841 3,159,167 Jul

33,207 4 28,302 178,236 932,039 3,023 1,174,810 143 0 47,003 630,784 223,501 151,998 3,187,347 Aug

Total liabilities(1+4+11+18+25 to 31)

Liabilities to NBS


Other liabilities

Provisio-ning for losses

Capital and

reserves

Restricted deposits

Frozen foreign

currency savings deposits

August 2013

LIABILITIES

26

Table 4

Consolidated Balance Sheet of the Banking System(In million dinars, end of period)

Other financial organiza-

tions

Local government

Public enterprises

Companies HouseholdsNon-profit and other

organizations

Total(5 to 10)

1 2 3 4 5 6 7 8 9 10 11 12

1999 62,394 10,983 73,377 9,606 1,146 263 7,745 56,607 1,760 823 68,344 77,950

2000 393,824 63,633 457,457 12,764 2,050 1,480 33,564 180,650 2,849 5,300 225,893 238,657

2001 423,250 83,121 506,371 23,320 3,154 1,627 37,885 209,944 5,277 9,295 267,182 290,502

2002 141,526 53,964 195,490 35,192 8,392 593 9,326 144,317 16,139 2,516 181,283 216,475

2003 196,758 59,586 256,344 32,256 7,446 1,410 11,739 185,580 29,536 1,830 237,541 269,797

2004 246,233 64,977 311,210 44,001 8,216 1,269 16,166 248,322 66,514 2,179 342,666 386,667

2005 422,241 67,039 489,280 40,106 8,868 2,208 19,358 351,417 132,146 4,301 518,298 558,404

2006 713,426 55,885 769,311 34,896 14,400 5,033 17,096 364,339 203,631 4,672 609,171 644,067

2007 763,655 111,150 874,805 19,204 6,659 7,008 18,050 490,117 305,967 6,446 834,247 853,451

2008 723,556 119,907 843,463 20,368 19,533 9,244 25,470 638,514 428,683 3,412 1,124,856 1,145,224

2009 1,022,842 161,765 1,184,607 119,124 18,775 11,533 50,317 756,490 462,971 5,993 1,306,079 1,425,203

2010 1,063,062 224,324 1,287,386 193,983 35,433 18,106 69,522 961,235 571,946 663 1,656,905 1,850,888

2011 1,269,824 126,430 1,396,254 199,356 43,758 25,714 98,088 1,017,349 602,630 765 1,788,303 1,987,658

2012 1,250,423 169,333 1,419,756 291,586 45,601 31,731 106,214 1,119,391 653,586 1,561 1,958,082 2,249,669

2011

Aug 1,065,661 151,685 1,217,346 188,505 42,581 18,985 89,233 969,764 590,595 893 1,712,050 1,900,554

Sep 1,156,733 162,803 1,319,536 201,824 43,590 20,038 88,196 974,129 587,814 746 1,714,513 1,916,337

Oct 1,140,191 181,909 1,322,100 207,129 43,795 22,468 87,881 962,646 588,841 725 1,706,356 1,913,485

Nov 1,193,084 179,969 1,373,053 205,852 41,914 23,448 94,623 986,872 602,549 770 1,750,177 1,956,028

Dec 1,269,824 126,430 1,396,254 199,356 43,758 25,714 98,088 1,017,349 602,630 765 1,788,303 1,987,658

2012

Jan 1,238,849 128,323 1,367,171 201,418 44,898 25,745 100,248 1,053,901 608,856 814 1,834,462 2,035,880

Feb 1,239,945 129,680 1,369,625 211,048 45,269 26,402 105,076 1,078,279 622,311 999 1,878,337 2,089,385

Mar 1,241,945 111,860 1,353,805 221,737 46,565 26,684 104,742 1,088,719 629,303 1,021 1,897,033 2,118,770

Apr 1,171,230 183,811 1,355,041 222,888 45,886 28,532 107,171 1,094,479 633,117 1,244 1,910,430 2,133,318

May 1,195,876 199,164 1,395,040 251,185 52,993 29,594 109,850 1,130,832 655,177 1,139 1,979,585 2,230,770

Jun 1,186,296 182,404 1,368,700 262,948 47,890 33,576 103,790 1,095,592 656,379 1,435 1,938,662 2,201,610

Jul 1,203,828 193,956 1,397,783 269,348 48,474 33,853 106,998 1,129,177 667,377 1,451 1,987,330 2,256,678

Aug 1,183,285 184,132 1,367,417 279,782 48,140 33,768 106,494 1,137,473 672,223 1,561 1,999,660 2,279,442

Sep 1,140,766 157,348 1,298,113 278,700 48,450 33,137 101,377 1,154,480 660,776 1,477 1,999,697 2,278,397

Oct 1,160,285 190,941 1,351,227 270,741 45,926 32,467 97,810 1,120,756 655,997 1,482 1,954,438 2,225,179

Nov 1,208,852 206,012 1,414,865 279,876 46,456 31,896 107,395 1,122,233 653,067 1,460 1,962,507 2,242,383

Dec 1,250,423 169,333 1,419,756 291,586 45,601 31,731 106,214 1,119,391 653,586 1,561 1,958,082 2,249,669

2013

Jan 1,180,527 167,740 1,348,267 273,493 44,725 30,922 107,022 1,089,719 643,443 1,518 1,917,349 2,190,843

Feb 1,311,685 174,362 1,486,047 270,447 45,866 30,487 107,908 1,092,878 643,809 1,513 1,922,461 2,192,908

Mar 1,335,175 135,391 1,470,565 284,695 47,515 30,205 109,902 1,094,718 650,083 1,445 1,933,868 2,218,563

Apr 1,240,833 152,771 1,393,604 276,769 43,908 35,311 106,434 1,059,323 647,408 1,125 1,893,509 2,170,278

May 1,231,172 176,826 1,407,998 281,935 47,853 35,433 105,533 1,051,060 655,080 1,257 1,896,214 2,178,149

Jun 1,226,847 157,898 1,384,745 293,977 46,792 35,601 104,971 1,071,700 668,922 1,219 1,929,205 2,223,182

Jul 1,228,259 179,737 1,407,996 296,892 44,700 35,129 103,554 1,062,547 672,590 1,035 1,919,554 2,216,446

Aug 1,231,611 188,742 1,420,353 304,012 45,199 35,259 102,485 1,060,450 674,493 1,002 1,918,887 2,222,899

Government

Foreign assets

NBS BanksTotal(1+2)

Claims on other sectors



Domestic credit

NOTE: As of January 2002 four large state banks whose licences were revoked as well as banks undergoing liquidation for a number of years (38 banks) were excluded and their positions from the last month of operation were repeated in subsequent balance sheet statements.

Total credit(4+11)


ASSETS

27

13 14 15 16 17

43,024 13,172 24,555 37,727 232,078 1999

222,638 53,242 75,326 128,568 1,047,320 2000

208,318 82,035 113,465 195,500 1,200,691 2001

66 64,827 51,133 115,960 527,991 2002

0 56,808 55,210 112,018 638,159 2003

0 82,269 65,672 147,941 845,818 2004

0 86,849 84,876 171,725 1,219,409 2005

0 72,781 98,824 171,605 1,584,983 2006

0 73,449 112,347 185,796 1,914,052 2007

0 78,212 128,798 207,010 2,195,697 2008

0 94,144 152,646 246,790 2,856,600 2009

0 114,075 168,079 282,154 3,420,428 2010

0 111,754 176,058 287,812 3,671,724 2011

0 119,616 188,875 308,490 3,977,916 2012

2011

0 102,231 177,607 279,838 3,397,738 Aug

0 107,067 174,130 281,196 3,517,069 Sep

0 113,943 176,930 290,873 3,526,458 Oct

0 120,249 179,357 299,606 3,628,686 Nov

0 111,754 176,058 287,812 3,671,724 Dec

2012

0 124,599 174,642 299,241 3,702,292 Jan

0 127,367 176,482 303,849 3,762,859 Feb

0 127,311 177,077 304,388 3,776,963 Mar

0 129,311 181,825 311,136 3,799,495 Apr

0 126,963 183,828 310,791 3,936,601 May

0 122,388 181,037 303,425 3,873,735 Jun

0 127,515 186,420 313,935 3,968,397 Jul

0 127,173 183,694 310,867 3,957,727 Aug

0 124,812 191,791 316,603 3,893,113 Sep

0 125,867 188,105 313,972 3,890,377 Oct

0 125,736 193,357 319,093 3,976,341 Nov

0 119,616 188,875 308,490 3,977,916 Dec

2013

0 123,907 186,944 310,851 3,849,960 Jan

0 124,409 186,287 310,696 3,989,652 Feb

0 125,861 191,842 317,703 4,006,831 Mar

0 123,070 189,253 312,323 3,876,205 Apr

0 121,472 188,149 309,621 3,895,768 May

0 118,058 188,432 306,490 3,914,417 Jun

0 118,419 190,137 308,557 3,932,999 Jul

0 117,711 191,870 309,581 3,952,834 Aug

Total(14+15)

Total assets (3+12+13+16)


against frozen foreign


NBS Banks

Other assets

August 2013

ASSETS

28

Table 4

Consolidated Balance Sheet of the Banking System (In million dinars, end of period)

1 2 3 4 5 6 7 8 9 10 11 12

1999 58,975 34,770 93,745 2,208 6,707 8,072 14,779 3,897 18,676 6,270 24,946 41,125

2000 373,969 180,429 554,398 9,069 10,933 16,093 27,026 5,868 32,894 32,310 65,204 211,431

2001 394,740 207,974 602,714 15,359 25,266 32,967 58,233 9,864 68,097 57,317 125,414 213,272

2002 47,610 17,123 64,733 31,341 43,719 50,096 93,815 17,081 110,896 80,595 191,491 100

2003 64,093 23,280 87,373 41,408 42,979 56,323 99,302 25,591 124,893 119,837 244,730 0

2004 69,260 83,225 152,485 38,050 45,165 66,093 111,258 34,951 146,209 176,667 322,876 0

2005 81,873 191,124 272,997 67,937 53,650 91,299 144,949 47,231 192,180 266,690 458,870 0

2006 55,692 307,742 363,434 139,107 68,461 131,629 200,090 78,876 278,966 355,504 634,470 0

2007 13,805 299,769 313,574 131,432 77,000 171,873 248,873 141,612 390,485 513,386 903,871 0

2008 13,732 349,560 363,292 73,303 90,075 150,669 240,744 154,281 395,025 597,126 992,151 0

2009 114,558 499,546 614,104 123,543 95,519 162,908 258,427 178,341 436,768 768,802 1,205,570 0

2010 170,341 609,715 780,056 128,339 91,750 161,536 253,286 157,209 410,495 950,282 1,360,777 0

2011 178,429 547,687 726,116 169,818 114,190 179,504 293,694 194,220 487,914 1,012,530 1,500,444 0

2012 165,733 580,937 746,670 196,488 110,547 198,152 308,699 172,019 480,717 1,161,087 1,641,804 0

2011

Aug 162,439 504,910 667,349 140,692 89,261 166,793 256,054 173,310 429,364 976,466 1,405,830 0

Sep 167,453 516,144 683,596 223,129 94,167 162,250 256,417 177,424 433,841 978,339 1,412,180 0

Oct 163,447 520,296 683,742 221,198 87,945 167,587 255,533 182,483 438,015 974,032 1,412,047 0

Nov 173,498 533,216 706,713 209,790 92,803 170,987 263,790 188,388 452,178 1,005,401 1,457,579 0

Dec 178,429 547,687 726,116 169,818 114,190 179,504 293,694 194,220 487,914 1,012,530 1,500,444 0

2012

Jan 178,767 559,694 738,461 168,743 107,218 167,979 275,197 188,489 463,687 1,019,315 1,483,002 0

Feb 182,013 576,979 758,991 136,674 111,189 175,145 286,334 184,805 471,140 1,051,682 1,522,822 0

Mar 184,751 582,597 767,348 157,050 106,862 159,532 266,394 178,619 445,013 1,054,719 1,499,732 0

Apr 187,541 572,468 760,010 137,031 109,009 166,547 275,555 181,239 456,794 1,074,375 1,531,168 0

May 203,076 587,547 790,624 145,486 102,112 160,129 262,240 179,781 442,021 1,132,659 1,574,680 0

Jun 199,894 566,261 766,155 127,120 105,344 163,692 269,036 175,570 444,606 1,144,027 1,588,633 0

Jul 206,617 576,578 783,194 124,608 109,787 165,413 275,200 168,325 443,525 1,163,992 1,607,517 0

Aug 193,030 578,845 771,875 126,910 110,229 166,886 277,115 172,925 450,040 1,166,881 1,616,921 0

Sep 183,677 563,586 747,262 105,986 111,004 179,189 290,193 177,233 467,426 1,140,159 1,607,585 0

Oct 180,545 572,365 752,910 159,329 101,644 171,673 273,318 179,473 452,791 1,127,454 1,580,245 0

Nov 166,331 562,578 728,909 229,974 100,745 176,947 277,692 181,251 458,944 1,153,565 1,612,509 0

Dec 165,733 580,937 746,670 196,488 110,547 198,152 308,699 172,019 480,717 1,161,087 1,641,804 0

2013

Jan 158,453 545,882 704,335 185,194 95,941 182,937 278,877 169,819 448,696 1,131,504 1,580,200 0

Feb 149,311 543,696 693,007 291,400 99,258 200,788 300,046 166,099 466,145 1,146,774 1,612,919 0

Mar 147,170 531,837 679,006 291,861 102,114 209,456 311,570 167,267 478,837 1,143,815 1,622,652 0

Apr 143,133 523,541 666,675 234,647 107,037 204,787 311,824 167,035 478,859 1,125,946 1,604,805 0

May 132,699 528,067 660,766 212,411 101,357 217,364 318,721 174,618 493,338 1,150,477 1,643,816 0

Jun 130,741 536,749 667,490 209,636 108,993 219,014 328,007 164,486 492,493 1,167,336 1,659,828 0

Jul 126,446 531,626 658,072 234,360 109,349 220,448 329,796 163,918 493,714 1,167,779 1,661,493 0

Aug 115,710 524,806 640,516 217,470 114,717 237,502 352,219 165,218 517,437 1,184,813 1,702,250 0

Foreign liabilities

NBS BanksTotal(1+2)


Dinar time

deposits

Money supply

Currency in circulation

Dinar sight

deposits

Money supply M1

(5+6)

Money supply M3

(9+10)

Money supply M2

(7+8)

NOTE:



Government deposits

Frozen foreign



LIABILITIES

29

13 14 15 16 17 18 19 20 21

3,789 26,152 29,941 142 0 11,087 28,884 39,971 232,078 1999

6,725 30,884 37,609 57 0 42,814 126,738 169,552 1,047,320 2000

8,090 -148,650 -140,560 1,001 0 57,880 325,611 383,491 1,200,691 2001

6,992 76,107 83,099 2,064 0 74,370 80,793 155,163 527,991 2002

12,817 100,370 113,187 3,124 2 58,562 89,773 148,335 638,159 2003

28,481 109,173 137,654 1,605 4 78,654 114,490 193,144 845,818 2004

35,601 140,322 175,923 3,270 179 91,958 148,275 240,233 1,219,409 2005

2,341 234,800 237,141 2,994 2,168 86,390 119,279 205,669 1,584,983 2006

1,904 349,541 351,445 3,253 819 69,443 140,215 209,658 1,914,052 2007

59,313 432,356 491,669 1,844 0 80,622 192,816 273,438 2,195,697 2008

123,187 459,708 582,895 2,539 0 94,731 233,218 327,949 2,856,600 2009

202,334 519,692 722,026 51,920 0 117,553 259,758 377,311 3,420,428 2010

208,622 569,964 778,586 53,671 0 119,425 323,665 443,090 3,671,724 2011

264,266 611,491 875,757 44,900 0 115,073 357,224 472,297 3,977,916 2012

2011

182,222 560,747 742,969 54,508 0 107,087 279,304 386,391 3,397,738 Aug

183,814 564,787 748,602 52,524 0 109,580 287,458 397,038 3,517,069 Sep

177,944 569,882 747,826 52,274 0 114,343 295,029 409,372 3,526,460 Oct

202,014 573,194 775,207 54,000 0 119,374 306,023 425,397 3,628,686 Nov

208,622 569,964 778,586 53,671 0 119,425 323,665 443,090 3,671,724 Dec

2012

208,242 563,610 771,853 56,460 0 135,292 348,482 483,774 3,702,292 Jan

229,273 571,447 800,720 57,579 0 137,045 349,028 486,073 3,762,859 Feb

233,005 590,828 823,832 56,287 0 138,620 334,094 472,713 3,776,963 Mar

237,940 600,911 838,851 54,419 0 143,139 334,876 478,016 3,799,495 Apr

281,622 610,090 891,711 54,884 0 134,469 344,747 479,216 3,936,601 May

275,496 600,521 876,017 47,418 0 131,620 336,772 468,392 3,873,735 Jun

295,730 603,853 899,583 48,709 0 137,635 367,151 504,786 3,968,397 Jul

296,188 607,214 903,402 48,912 0 137,022 352,685 489,707 3,957,727 Aug

277,853 605,358 883,211 48,448 0 135,276 365,346 500,622 3,893,113 Sep

264,807 612,345 877,152 46,908 0 119,100 354,735 473,835 3,890,377 Oct

262,193 625,994 888,188 47,271 0 117,555 351,936 469,491 3,976,341 Nov

264,266 611,491 875,757 44,900 0 115,073 357,224 472,297 3,977,916 Dec

2013

183,619 612,339 795,957 44,761 0 172,618 366,894 539,512 3,849,960 Jan

187,783 615,838 803,621 46,496 0 173,927 368,282 542,209 3,989,652 Feb

196,761 636,951 833,712 47,360 0 175,354 356,886 532,240 4,006,831 Mar

176,502 621,740 798,242 47,315 0 173,800 350,721 524,521 3,876,205 Apr

232,714 625,064 857,778 46,017 0 118,021 356,960 474,981 3,895,768 May

234,634 621,809 856,443 46,146 0 112,804 362,070 474,874 3,914,417 Jun

234,043 626,479 860,522 47,553 0 112,610 358,389 470,999 3,932,999 Jul

239,349 630,784 870,133 47,626 0 112,076 362,763 474,839 3,952,834 Aug

NBS Banks

Total liabilities(3+4+11+12+15+

16+17+20)

Restricted deposits

Other liabilities

NBS BanksTotal

(18+19)

Liabilities of NBS and

banks to other sectors

against issued

securities

Total(13+14)

Capital and reserves

August 2013

LIABILITIES

30

Table 4a

Monetary Survey(In million dinars, end of period)

Net foreign assets -20,368 -96,941 -96,343 130,757 168,970 158,725 216,282 405,877 561,232

Foreign assets 73,377 457,457 506,371 195,490 256,344 311,210 489,279 769,311 874,805

NBS 62,394 393,824 423,250 141,526 196,758 246,233 422,241 713,426 763,656

Banks 10,983 63,633 83,121 53,964 59,586 64,977 67,039 55,885 111,149

Foreign liabilities (-) -93,745 -554,398 -602,714 -64,733 -87,373 -152,485 -272,997 -363,434 -313,573

NBS -58,975 -373,969 -394,740 -47,610 -64,093 -69,260 -81,873 -55,692 -13,805

Banks -34,770 -180,429 -207,974 -17,123 -23,280 -83,225 -191,124 -307,742 -299,769

Net domestic assets 92,496 293,006 389,979 204,800 276,319 407,031 554,969 569,782 795,536

Domestic credit 75,742 229,588 275,143 185,134 228,389 348,617 490,467 504,961 722,017

Net claims on government 7,398 3,695 7,961 3,851 -9,152 5,952 -27,832 -104,210 -112,229

Credit to government 9,606 12,764 23,320 35,192 32,256 44,001 40,105 34,897 19,203

Dinar and indexed dinar credit 8,156 11,188 21,560 26,370 22,500 30,008 21,272 18,271 10,934

NBS 4,268 5,477 14,685 21,295 19,760 22,407 16,330 16,450 10,811

Banks 3,888 5,711 6,875 5,075 2,739 7,601 4,942 1,821 124

Foreign currency credit 1,450 1,576 1,760 8,822 9,756 13,993 18,834 16,626 8,269

NBS 1,446 1,453 1,479 1,509 0 0 181 0 0

Banks 4 123 281 7,313 9,756 13,993 18,653 16,626 8,269

Government deposits (-) -2,208 -9,069 -15,359 -31,341 -41,408 -38,050 -67,937 -139,107 -131,432

Dinar and indexed dinar deposits -1,865 -4,372 -7,653 -15,508 -17,934 -24,484 -43,605 -31,197 -45,095

NBS -568 -1,828 -3,612 -5,009 -12,998 -22,966 -40,718 -19,678 -29,200

Banks -1,297 -2,544 -4,041 -10,499 -4,936 -1,518 -2,887 -11,519 -15,895

Foreign currency deposits -343 -4,697 -7,706 -15,833 -23,474 -13,565 -24,333 -107,910 -86,338

NBS -306 -4,482 -7,259 -6,159 -18,107 -9,990 -18,806 -103,443 -81,998

Banks -37 -215 -447 -9,674 -5,367 -3,575 -5,527 -4,467 -4,340

Credit to non-government sectors 68,344 225,893 267,182 181,283 237,541 342,665 518,298 609,171 834,246

Households 1,760 2,849 5,277 16,139 29,536 66,514 132,146 203,631 305,966

Public enterprises 7,745 33,564 37,885 9,326 11,739 16,165 19,358 17,096 18,050

Dinar and indexed dinar 2,542 4,580 3,678 3,994 5,741 5,216 9,508 13,415 13,908

Foreign currency 5,203 28,984 34,207 5,332 5,998 10,949 9,850 3,681 4,143

Companies 56,607 180,650 209,944 144,317 185,580 248,322 351,417 364,339 490,117

Dinar and indexed dinar 31,240 44,837 70,700 78,819 109,018 161,214 250,607 299,284 430,485

Foreign currency 25,367 135,813 139,244 65,498 76,562 87,108 100,810 65,055 59,631

Other financial corporations 1,146 2,050 3,154 8,392 7,446 8,216 8,868 14,400 6,659

Local government 263 1,480 1,627 593 1,410 1,269 2,208 5,033 7,008

Non-profit and other organizations 823 5,300 9,295 2,516 1,830 2,179 4,301 4,672 6,446

Other assets, net 16,754 63,418 114,836 19,666 47,930 58,414 64,502 64,821 73,520

Deposit, capital and provisioning 72,128 196,065 293,636 335,557 445,289 565,756 771,251 975,659 1,356,768

Money supply M3 24,946 65,204 125,414 191,492 244,732 322,876 458,870 634,470 903,872

Money supply M2 18,676 32,894 68,097 110,896 124,895 146,209 192,180 278,966 390,486

Money supply M1 14,779 27,026 58,233 93,815 99,303 111,258 144,949 200,090 248,873

Currency in circulation 6,707 10,933 25,266 43,719 42,980 45,165 53,650 68,461 77,000

Sight deposits 8,072 16,093 32,967 50,096 56,323 66,093 91,299 131,629 171,873

Dinar and indexed dinar time and savings deposits 3,897 5,868 9,864 17,081 25,592 34,951 47,231 78,876 141,613

Foreign currency deposits 6,270 32,310 57,317 80,596 119,837 176,667 266,690 355,504 513,386

Capital accounts 29,941 37,609 -140,560 83,099 113,187 137,654 175,923 237,141 351,445

NBS 3,789 6,725 8,090 6,992 12,817 28,481 35,601 2,341 1,904

Banks 26,152 30,884 -148,650 76,107 100,370 109,173 140,322 234,800 349,541

Provisioning for losses 17,241 93,252 308,782 60,966 87,371 105,226 136,458 104,048 101,452

On credit to non-government sectors 12,382 23,384 35,134 15,076 63,697 78,680 102,930 77,601 75,675

On other credit 4,238 66,557 266,343 41,937 14,973 16,483 21,895 16,878 14,671

For other losses 621 3,311 7,305 3,953 8,701 10,063 11,633 9,569 11,106

Analitical items

Net monetary effects of foreign currency transactions1)-20,711 -101,638 -104,049 114,924 145,497 145,160 191,950 297,967 474,894

Net domestic assets excluding foreign currency government deposits 92,153 288,309 382,273 188,967 252,845 393,466 530,636 461,872 709,198

Net credit to non-government sectors2)55,962 202,509 232,048 166,207 173,844 263,985 415,368 531,570 758,571

Annual growth rates

M3 25.71 161.38 92.34 52.69 27.80 31.93 42.12 38.27 42.46

M2 35.53 76.13 107.02 62.85 12.62 17.07 31.44 45.16 39.98

M1 48.29 82.87 115.47 61.10 5.85 12.04 30.28 38.04 24.381) Net foreign assets excluding foreign currency government deposits.2) Gross credit to non-government sectors excluding provisioning for losses.


2001 200520021999 2000 2003 2004 2006 2007


31

Jan Feb Mar Apr May Jun Jul Aug

480,171 570,504 507,330 670,138 673,086 643,932 793,040 791,559 726,930 747,233 717,255 749,924 779,837 Net foreign assets

843,463 1,184,607 1,287,386 1,396,254 1,419,756 1,348,267 1,486,047 1,470,566 1,393,604 1,407,998 1,384,745 1,407,996 1,420,353 Foreign assets

723,556 1,022,842 1,063,062 1,269,824 1,250,423 1,180,527 1,311,685 1,335,175 1,240,833 1,231,172 1,226,847 1,228,259 1,231,611 NBS

119,907 161,765 224,324 126,430 169,333 167,740 174,362 135,391 152,771 176,826 157,898 179,737 188,742 Banks

-363,292 -614,104 -780,056 -726,116 -746,670 -704,335 -693,007 -679,006 -666,675 -660,766 -667,490 -658,072 -640,516 Foreign liabilities (-)

-13,732 -114,558 -170,341 -178,429 -165,733 -158,453 -149,311 -147,170 -143,133 -132,699 -130,741 -126,446 -115,710 NBS

-349,560 -499,546 -609,715 -547,687 -580,937 -545,882 -543,696 -531,837 -523,541 -528,067 -536,749 -531,626 -524,806 Banks

1,121,805 1,364,810 1,749,771 1,834,764 2,081,001 1,967,869 1,861,556 1,905,264 1,901,892 1,983,406 2,031,365 2,004,026 2,026,557 Net domestic assets

1,071,921 1,301,660 1,722,549 1,817,840 2,053,181 2,005,648 1,901,508 1,926,703 1,935,631 1,965,738 2,013,546 1,982,086 2,005,430 Domestic credit

-52,935 -4,419 65,644 29,538 95,099 88,299 -20,953 -7,165 42,122 69,524 84,341 62,532 86,543 Net claims on government

20,368 119,124 193,983 199,356 291,586 273,493 270,447 284,695 276,769 281,935 293,977 296,892 304,012 Credit to government

12,927 101,512 149,201 129,830 174,682 166,857 162,671 168,530 156,464 161,469 171,721 174,201 181,761 Dinar and indexed dinar credit

10,892 11,297 1,315 1,270 1,221 1,212 1,216 1,217 1,218 1,212 1,211 1,217 1,216 NBS

2,035 90,215 147,887 128,561 173,461 165,645 161,455 167,313 155,246 160,256 170,510 172,984 180,544 Banks

7,441 17,612 44,782 69,525 116,904 106,637 107,776 116,165 120,305 120,467 122,256 122,691 122,252 Foreign currency credit

21 3 4 5 6 6 6 5 5 4 4 4 5 NBS

7,420 17,609 44,777 69,520 116,898 106,631 107,771 116,161 120,300 120,462 122,252 122,687 122,247 Banks

-73,303 -123,543 -128,339 -169,818 -196,488 -185,194 -291,400 -291,861 -234,647 -212,411 -209,636 -234,360 -217,470 Government deposits (-)

-27,002 -67,769 -58,060 -54,290 -60,342 -61,347 -50,384 -58,069 -61,739 -59,463 -63,196 -82,214 -73,728 Dinar and indexed dinar deposits

-19,702 -62,984 -54,016 -49,927 -55,066 -55,352 -44,358 -51,398 -54,964 -52,169 -56,031 -75,528 -67,154 NBS

-7,300 -4,785 -4,044 -4,363 -5,276 -5,995 -6,026 -6,670 -6,774 -7,294 -7,165 -6,686 -6,574 Banks

-46,301 -55,774 -70,279 -115,528 -136,146 -123,848 -241,017 -233,792 -172,908 -152,948 -146,440 -152,147 -143,742 Foreign currency deposits

-40,725 -49,255 -53,695 -98,849 -105,785 -93,978 -211,313 -197,976 -136,170 -110,796 -104,134 -107,391 -99,394 NBS

-5,576 -6,519 -16,584 -16,679 -30,361 -29,870 -29,704 -35,816 -36,738 -42,153 -42,307 -44,756 -44,348 Banks

1,124,856 1,306,079 1,656,905 1,788,303 1,958,082 1,917,349 1,922,461 1,933,868 1,893,509 1,896,214 1,929,205 1,919,554 1,918,887 Credit to non-government sectors

428,683 462,970 571,946 602,630 653,586 643,443 643,809 650,083 647,408 655,080 668,922 672,590 674,493 Households

25,470 50,317 69,522 98,088 106,214 107,022 107,908 109,902 106,434 105,533 104,971 103,554 102,485 Public enterprises

14,603 42,782 61,464 90,223 100,900 101,907 102,684 104,599 101,278 100,332 99,665 98,318 97,217 Dinar and indexed dinar

10,867 7,535 8,058 7,865 5,313 5,115 5,224 5,303 5,156 5,201 5,307 5,236 5,268 Foreign currency

638,514 756,490 961,235 1,017,349 1,119,391 1,089,719 1,092,878 1,094,718 1,059,323 1,051,060 1,071,700 1,062,547 1,060,450 Companies

573,267 697,278 890,815 947,501 1,035,544 1,010,666 1,013,037 1,015,416 984,169 976,060 995,308 985,865 980,003 Dinar and indexed dinar

65,247 59,212 70,421 69,848 83,846 79,053 79,841 79,302 75,154 74,999 76,392 76,682 80,446 Foreign currency

19,533 18,776 35,433 43,758 45,601 44,725 45,866 47,515 43,908 47,853 46,792 44,700 45,199 Other financial corporations

9,244 11,533 18,106 25,714 31,731 30,922 30,487 30,205 35,311 35,433 35,601 35,129 35,259 Local government

3,412 5,993 663 765 1,561 1,518 1,513 1,445 1,125 1,257 1,219 1,035 1,002 Non-profit and other organizations

49,884 63,150 27,222 16,924 27,820 -37,780 -39,952 -21,439 -33,740 17,669 17,819 21,940 21,127 Other assets, net

1,601,977 1,935,313 2,257,101 2,504,902 2,754,089 2,611,802 2,654,598 2,696,823 2,628,821 2,730,639 2,748,620 2,753,950 2,806,394 Deposit, capital and provisioning

992,151 1,205,570 1,360,777 1,500,444 1,641,804 1,580,200 1,612,919 1,622,652 1,604,805 1,643,816 1,659,828 1,661,493 1,702,250 Money supply M3

395,025 436,768 410,495 487,914 480,717 448,696 466,145 478,837 478,859 493,338 492,493 493,714 517,437 Money supply M2

240,744 258,427 253,286 293,694 308,699 278,877 300,046 311,570 311,824 318,721 328,007 329,796 352,219 Money supply M1

90,075 95,519 91,750 114,190 110,547 95,941 99,258 102,114 107,037 101,357 108,993 109,349 114,717 Currency in circulation

150,669 162,908 161,536 179,504 198,152 182,937 200,788 209,456 204,787 217,364 219,014 220,448 237,502 Sight deposits

154,281 178,341 157,209 194,220 172,019 169,819 166,099 167,267 167,035 174,618 164,486 163,918 165,218 Dinar and indexed dinar time and savings deposits

597,126 768,802 950,282 1,012,530 1,161,087 1,131,504 1,146,774 1,143,815 1,125,946 1,150,477 1,167,336 1,167,779 1,184,813 Foreign currency deposits

491,669 582,895 722,026 778,586 875,757 795,958 803,622 833,712 798,242 857,778 856,443 860,522 870,133 Capital accounts

59,313 123,187 202,334 208,622 264,266 183,619 187,784 196,761 176,502 232,714 234,634 234,043 239,349 NBS

432,356 459,708 519,692 569,964 611,491 612,339 615,838 636,951 621,740 625,064 621,809 626,479 630,784 Banks

118,156 146,849 174,298 225,872 236,527 235,643 238,057 240,459 225,774 229,045 232,349 231,935 234,012 Provisioning for losses

104,496 133,174 161,266 214,171 224,072 222,895 225,152 227,485 212,983 216,216 219,969 219,506 221,421 On credit to non-government sectors

6,873 6,079 4,781 4,568 4,886 4,783 4,825 4,739 4,700 4,704 4,184 4,144 4,160 On other credit

6,787 7,596 8,251 7,133 7,568 7,965 8,080 8,235 8,091 8,126 8,197 8,285 8,431 For other losses

Analitical items

433,870 514,730 437,051 554,563 536,874 520,021 551,959 557,697 553,955 594,285 570,815 597,777 636,095 Net monetary effects of foreign currency transactions1)

1,075,504 1,309,036 1,679,491 1,719,236 1,944,855 1,844,021 1,620,539 1,671,471 1,728,984 1,830,458 1,884,925 1,851,879 1,882,815 Net domestic assets excluding foreign currency government deposits

1,020,360 1,172,905 1,495,639 1,574,131 1,734,010 1,694,454 1,697,309 1,706,383 1,680,526 1,679,998 1,709,236 1,700,049 1,697,466 Net credit to non-government sectors2)

Annual growth rates

9.77 21.51 12.87 10.26 9.42 6.55 5.92 8.20 4.81 4.39 4.48 3.36 5.28 M3

1.16 10.57 -6.02 18.86 -1.48 -3.23 -1.06 7.60 4.83 11.61 10.77 11.32 14.98 M2

-3.27 7.35 -1.99 15.95 5.11 1.34 4.79 16.96 13.16 21.54 21.92 19.84 27.10 M1

201320092008 2010 2011 2012

August 2013

32

Table 5

Short-Term Non-Monetary Sectors Deposits with Banks (In million dinars, end of period)


tions

Localgove-

rnment

Public enter-prises

Compa-nies

House-holds

Of which: Entre-

preneurs


organi-zations

Total(1 to 6)


tions

Local govern-

ment

Public enter-prises

Compa-nies

House-holds

Of which: Entre-

preneurs

Non-profit and other organizati-

ons

Total (8 to 13)

1 2 3 4 5 5� 6 7 8 9 10 11 12 12� 13 14

1999 99 337 570 5,027 1,236 803 8,072 319 117 257 2,066 418 300 3,477

2000 630 1,292 1,026 8,242 3,020 1,734 15,944 297 101 626 3,324 682 361 5,391

2001 889 3,390 2,157 17,874 5,067 3,469 32,846 688 205 905 5,582 1,478 576 9,434

2002 150 5,065 6,178 26,520 7,908 4,183 50,004 1,017 399 4,151 6,703 3,074 950 16,294

2003 531 8 6,853 34,769 9,179 3,643 54,983 1,278 6,788 3,621 7,509 3,751 1,595 24,542

2004 1,022 20 10,134 36,528 9,585 3,678 60,967 1,655 9,207 4,724 12,324 2,779 1,830 32,519

2005 1,487 12 9,893 55,167 13,454 5,298 85,311 2,525 11,472 8,593 17,852 2,644 2,551 45,637

2006 3,707 50 9,330 81,687 21,346 6,024 122,144 6,670 13,828 15,223 31,747 4,741 3,935 76,144

2007 4,176 59 14,765 107,994 27,595 7,340 161,929 9,419 10,743 17,041 88,304 8,869 3,959 138,335

2008 6,845 433 9,321 76,634 41,974 8,980 4,613 139,820 34,574 11,761 15,722 72,344 9,729 682 2,418 146,548

2009 5,142 1,119 11,097 83,004 49,150 9,691 5,677 155,189 33,937 15,765 18,235 90,633 11,612 530 2,522 172,704

2010 9,333 131 10,183 79,869 47,440 9,965 5,581 152,538 18,026 9,074 17,076 90,694 9,658 586 2,651 147,179

2011 7,237 151 8,547 89,145 60,209 10,889 5,963 171,251 24,859 9,645 23,557 102,352 16,351 943 2,723 179,486

2012 8,676 38 11,705 97,473 61,213 11,076 6,430 185,535 24,283 11,984 11,119 95,627 16,256 1,235 3,284 162,553

2011

Aug 8,152 94 16,586 79,977 49,917 10,472 5,901 160,627 24,356 13,029 25,131 84,996 11,386 785 2,561 161,458

Sep 7,591 97 12,691 77,453 52,163 9,915 5,900 155,894 23,070 13,261 25,719 89,009 11,882 817 2,562 165,502

�ct 8,785 115 9,364 86,438 49,591 9,952 6,290 160,583 26,125 15,244 24,833 89,699 12,333 783 2,682 170,916

Nov 6,312 144 13,391 84,861 51,499 10,108 6,288 162,493 24,840 15,354 25,384 93,885 14,433 837 2,853 176,748

Dec 7,237 151 8,547 89,145 60,209 10,889 5,963 171,251 24,859 9,645 23,557 102,352 16,351 943 2,723 179,486

2012

Jan 7,191 145 9,410 78,615 57,490 10,060 6,426 159,277 26,183 12,844 15,508 98,134 18,682 905 2,722 174,073

Feb 8,693 94 8,250 81,366 58,409 9,532 6,839 163,650 27,352 13,708 14,775 93,879 18,763 949 2,687 171,165

Mar 4,316 89 6,497 74,681 55,501 9,638 6,597 147,680 25,472 14,145 14,640 90,106 18,452 906 3,096 165,911

Apr 4,593 66 6,802 77,951 59,136 10,019 6,966 155,513 22,842 14,201 13,569 98,034 18,322 961 3,043 170,010

May 4,580 169 7,615 77,565 52,908 9,940 6,963 149,800 22,902 15,056 12,590 99,259 16,385 1,029 3,195 169,386

Jun 6,801 132 7,780 77,406 54,422 10,394 6,518 153,059 21,635 15,279 11,988 98,164 15,437 910 3,233 165,736

Jul 4,626 137 6,771 81,244 55,755 10,681 6,417 154,950 22,435 15,468 12,173 89,321 15,732 1,028 3,441 158,570

Aug 4,885 138 6,811 80,640 56,893 10,749 6,684 156,051 23,322 16,297 12,328 92,182 15,936 1,110 3,416 163,480

Sep 7,671 240 7,072 87,766 58,192 10,968 6,832 167,772 22,097 17,342 11,600 97,222 16,127 1,152 3,455 167,843

�ct 5,342 48 7,925 85,104 54,245 10,630 6,738 159,402 25,087 17,747 11,663 97,307 15,612 1,189 3,312 170,729

Nov 5,591 72 10,158 87,821 55,087 10,418 6,716 165,445 25,774 18,684 11,478 96,801 16,104 1,248 3,176 172,017

Dec 8,676 38 11,705 97,473 61,213 11,076 6,430 185,535 24,283 11,984 11,119 95,627 16,256 1,235 3,284 162,553

2013

Jan 10,570 38 12,932 83,802 55,101 9,498 6,446 168,888 25,074 14,699 11,719 88,516 16,373 1,151 3,357 159,738

Feb 13,726 37 22,001 86,645 57,721 9,689 6,468 186,598 20,242 16,532 11,791 87,153 16,804 1,077 3,452 155,974

Mar 17,507 73 26,471 86,377 58,337 10,185 6,540 195,304 17,465 17,791 11,769 88,217 17,451 1,092 3,560 156,252

Apr 12,965 73 25,793 83,364 61,059 9,669 6,322 189,576 17,287 17,743 11,511 88,675 17,984 1,097 3,720 156,920

May 11,545 76 28,073 95,032 59,026 10,549 6,788 200,539 17,120 18,197 11,329 95,458 18,966 1,130 3,696 164,765

Jun 13,524 36 22,792 99,812 62,051 11,410 6,632 204,846 14,941 19,743 11,521 85,405 19,348 1,113 3,735 154,693

Jul 13,835 63 20,455 100,264 64,938 12,051 6,642 206,197 14,814 20,952 12,426 81,993 20,310 1,114 3,903 154,397

Aug 14,091 64 16,509 113,077 67,594 12,709 6,827 218,162 15,590 17,402 12,139 85,454 21,045 1,076 3,946 155,577


Transaction deposits in dinars Dinar and indexed dinar saving and time deposits

NOTE: The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force on 1 July 2008.


33


Local go-vernment

Public enter-prises

Compa-nies

House-holds

Of which: Entre-

preneurs


organi-zations

Total(15 to 20)

15 16 17 18 19 19� 20 21 22

35 1 246 4,061 515 47 4,905 16,454 1999

597 9 2,272 22,994 2,865 733 29,470 50,805 2000

763 9 1,647 30,282 20,626 1,223 54,550 96,830 2001

630 60 3,808 28,743 44,532 1,273 79,046 145,344 2002

686 86 6,072 40,772 66,161 1,042 114,819 194,344 2003

1,008 22 8,463 51,195 100,830 1,611 163,129 256,615 2004

2,628 39 12,884 53,386 163,160 2,714 234,811 365,759 2005

6,356 8 9,143 72,650 214,207 2,364 304,728 503,016 2006

11,111 37 7,743 104,269 326,557 2,552 452,269 752,533 2007

38,045 42 21,931 110,933 363,529 945 1,474 535,954 822,322 2008

47,774 26 22,655 113,846 500,586 900 4,155 689,043 1,016,936 2009

49,155 62 21,339 130,146 614,314 1,190 2,254 817,269 1,116,986 2010

27,172 7 15,501 159,396 570,835 1,419 2,746 775,656 1,126,393 2011

26,762 3 22,390 171,758 731,380 1,791 2,848 955,141 1,303,229 2012

2011

27,739 9 19,770 153,984 620,032 1,397 2,605 824,139 1,146,224 Aug

34,176 10 19,171 149,846 618,551 1,429 2,511 824,263 1,145,660 Sep

30,208 9 16,952 156,917 608,473 1,404 2,768 815,326 1,146,826 �ct

28,264 8 17,555 155,108 571,394 1,437 2,744 775,072 1,114,313 Nov

27,172 7 15,501 159,396 570,835 1,419 2,746 775,656 1,126,393 Dec

2012

27,744 8 16,168 152,145 578,142 1,452 2,534 776,741 1,110,091 Jan

27,300 9 16,685 148,417 606,358 1,527 2,424 801,192 1,136,007 Feb

26,561 11 17,314 139,197 619,698 1,535 2,352 805,133 1,118,724 Mar

26,463 9 18,131 146,776 631,571 1,622 2,327 825,277 1,150,800 Apr

30,426 9 17,513 150,770 668,952 1,799 2,331 870,001 1,189,187 May

29,827 11 19,156 170,778 671,567 1,940 2,377 893,715 1,212,510 Jun

28,996 12 20,365 169,407 690,725 1,871 2,570 912,075 1,225,595 Jul

27,617 13 19,556 166,237 697,554 1,911 2,637 913,614 1,233,145 Aug

26,951 15 18,546 167,088 683,084 1,841 2,598 898,281 1,233,896 Sep

26,904 25 21,329 162,191 670,614 1,907 2,566 883,628 1,213,758 �ct

25,376 19 27,284 170,161 720,205 1,848 2,549 945,593 1,283,055 Nov

26,762 3 22,390 171,758 731,380 1,791 2,848 955,141 1,303,229 Dec

2013

24,126 4 22,060 156,324 726,346 1,781 2,981 931,841 1,260,466 Jan

25,233 6 33,509 152,692 733,336 1,846 3,000 947,776 1,290,348 Feb

22,845 4 24,447 156,897 736,998 1,836 3,058 944,249 1,295,805 Mar

25,214 5 23,623 151,125 726,250 1,746 2,937 929,154 1,275,649 Apr

26,449 4 24,666 157,469 736,216 1,777 2,995 947,798 1,313,102 May

23,417 3 24,842 161,143 752,585 1,860 3,133 965,122 1,324,661 Jun

23,991 4 23,954 161,393 751,463 1,913 2,929 963,733 1,324,327 Jul

24,812 4 23,636 165,980 758,346 2,031 2,911 975,689 1,349,427 Aug

Total short-term

deposits (7+14+21)


August 2013

34

Table 5a

Long-Term Non-Monetary Sector Deposits with Banks (In million dinars, end of period)


Local govern-

ment

Public enter-prises

Compa-nies

House-holds

Of which: Entre-

preneurs


organi-zations

Total(1 to 6)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds

Of which: Entre-

preneurs


organi-zations

Total(8 to 13)

1 2 3 4 5 5� 6 7 8 9 10 11 12 12� 13 14 15 16

1999 10 2 13 288 28 74 415 77 0 61 72 1,155 1,365 1,780 18,234 1999

2000 1 15 14 332 32 79 473 406 0 324 143 1,964 2,837 3,310 54,115 2000

2001 57 14 15 183 81 75 425 3 0 160 368 2,236 2,767 3,192 100,022 2001

2002 6 16 15 218 454 73 782 0 44 1,409 92 1,545 2,327 147,671 2002

2003 15 9 26 355 480 161 1,046 325 0 354 3,577 102 4,358 5,404 199,748 2003

2004 128 5 110 1,696 369 107 2,415 442 0 1 2,186 9,883 124 12,636 15,051 271,666 2004

2005 25 29 115 863 444 111 1,587 836 0 175 2,656 26,976 90 30,733 32,320 398,079 2005

2006 11 249 125 1,648 642 54 2,729 790 0 262 2,234 46,454 90 49,830 52,559 555,575 2006

2007 150 237 100 1,643 1,078 69 3,277 933 0 89 4,294 55,044 40 60,400 63,677 816,210 2007

2008 1,461 1,025 333 3,983 846 34 85 7,733 809 0 583 5,201 51,041 37 16 57,650 65,383 887,705 2008

2009 172 575 44 3,950 788 28 108 5,637 2,589 0 1,570 4,508 65,591 32 106 74,363 80,000 1,096,936 2009

2010 621 450 136 5,013 3,702 41 108 10,030 3,765 0 649 5,912 117,754 18 44 128,124 138,154 1,255,140 2010

2011 2,339 1,192 295 7,604 3,004 70 300 14,734 7,859 0 7,583 9,288 204,802 52 84 229,616 244,350 1,370,743 2011

2012 464 646 8 6,867 1,374 30 109 9,466 7,418 0 4,407 10,522 178,469 19 59 200,875 210,341 1,513,570 2012

2011 2011

Aug 1,236 1,303 285 5,177 3,590 38 261 11,852 6,660 0 4,366 10,332 124,718 40 17 146,093 157,945 1,304,169 Aug

Sep 1,584 1,090 293 5,072 3,623 33 261 11,922 6,953 0 4,292 11,083 125,550 40 32 147,911 159,832 1,305,492 Sep

�ct 1,621 1,090 279 5,179 3,117 76 282 11,566 7,259 0 5,937 11,035 128,483 39 72 152,785 164,351 1,311,177 �ct

Nov 1,736 1,061 325 5,311 2,922 68 284 11,639 7,825 0 5,917 8,789 201,658 53 73 224,262 235,901 1,350,214 Nov

Dec 2,339 1,192 295 7,604 3,004 70 300 14,734 7,859 0 7,583 9,288 204,802 52 84 229,616 244,350 1,370,743 Dec

2012 2012

Jan 957 1,193 305 8,579 3,098 74 285 14,417 8,138 0 7,346 9,454 209,933 54 86 234,956 249,373 1,359,464 Jan

Feb 953 1,190 262 8,634 2,313 67 289 13,641 8,278 0 7,760 11,257 214,425 55 89 241,809 255,450 1,391,457 Feb

Mar 956 1,174 39 8,021 2,237 63 281 12,708 8,158 0 7,668 11,352 214,555 49 90 241,822 254,530 1,373,254 Mar

May 940 355 39 7,544 2,084 44 268 11,229 8,137 0 7,778 10,856 213,854 47 90 240,715 251,944 1,402,744 May

Apr 946 377 84 6,831 1,903 46 254 10,395 9,066 0 9,714 10,416 221,769 48 90 251,055 261,450 1,450,637 Apr

Jun 918 371 75 6,351 1,890 45 230 9,834 8,765 0 8,363 10,151 216,806 45 80 244,165 253,999 1,466,509 Jun

Jul 825 378 75 6,423 1,828 48 227 9,755 9,252 0 8,239 9,728 216,290 45 81 243,590 253,345 1,478,940 Jul

Aug 825 368 80 6,175 1,769 29 227 9,445 10,252 0 8,040 9,764 216,018 32 82 244,156 253,601 1,486,746 Aug

Sep 806 362 18 6,272 1,750 28 183 9,391 9,466 0 7,634 9,754 207,698 25 66 234,617 244,008 1,477,904 Sep

�ct 630 363 32 6,217 1,414 29 89 8,744 8,394 0 5,822 9,710 213,083 25 65 237,074 245,818 1,459,576 �ct

Nov 638 325 24 6,719 1,449 32 80 9,234 8,137 0 5,351 9,866 179,042 24 29 202,425 211,659 1,494,714 Nov

Dec 464 646 8 6,867 1,374 30 109 9,466 7,418 0 4,407 10,522 178,469 19 59 200,875 210,341 1,513,570 Dec

2013 2013

Jan 468 393 20 7,752 1,339 26 108 10,081 7,486 0 3,842 10,124 172,729 18 47 194,228 204,309 1,464,775 Jan

Feb 465 643 20 7,664 1,218 24 115 10,125 7,907 0 3,681 10,778 168,864 20 47 191,277 201,402 1,491,750 Feb

Mar 501 606 10 8,531 1,261 25 105 11,015 8,123 0 3,776 11,743 170,291 21 35 193,968 204,983 1,500,787 Mar

Apr 544 287 10 7,885 1,286 24 104 10,115 7,947 0 3,695 11,733 167,953 24 35 191,364 201,479 1,477,128 Apr

May 704 138 10 7,534 1,337 44 130 9,852 8,247 0 3,796 11,891 168,883 26 110 192,928 202,781 1,515,883 May

Jun 849 136 20 7,319 1,349 41 120 9,793 8,781 0 3,689 12,056 172,099 29 113 196,738 206,531 1,531,192 Jun

Jul 943 133 10 6,956 1,383 42 97 9,521 8,568 0 4,584 11,989 171,827 29 111 197,079 206,601 1,530,927 Jul

Aug 986 25 10 7,118 1,415 43 88 9,642 8,395 0 4,665 12,256 173,693 28 112 199,121 208,763 1,558,189 Aug

Foreign currency depositsTotal long-term

deposits (7+14)

Total deposits(Table 5

and Table 5a)

Dinar and indexed dinar deposits



NOTE:


35

August 2013

36

Table 5b

Corporate Deposits by Contracted Hedge and Currency (In million dinars, end of period)

No risk hedging

Retail price

growth

Other types of hedging

EUR USD JPY CHFOther

currenciesLimited FX clause

(unilateral)

1 2 3 4 5 6 7 8 9 10 11 12

2008 25,376 152,961 159,486 0 1 10,867 26 0 39 837 7,081 178,337

2009 29,376 177,587 183,394 0 47 11,166 87 0 46 0 12,224 206,963

2010 27,395 175,576 162,260 82 0 27,819 327 0 37 0 12,446 202,970

2011 32,399 199,101 190,004 0 10 19,979 9,303 0 90 0 12,115 231,500

2012 22,831 199,966 189,411 0 0 24,586 106 0 79 0 8,615 222,797

2011

Aug 42,002 170,150 173,438 41 10 18,581 8,189 0 100 20 11,774 212,152

Sep 38,703 171,533 173,600 4 10 16,920 7,837 0 119 20 11,727 210,236

Okt 34,475 181,317 177,419 0 17 18,940 7,549 0 202 20 11,645 215,792

Nov 39,100 184,057 184,343 0 10 18,290 8,228 0 232 21 12,033 223,157

Dec 32,399 199,101 190,004 0 10 19,979 9,303 0 90 0 12,115 231,500

2012

Jan 25,224 185,329 178,251 0 10 18,094 1,911 0 92 0 12,195 210,552

Feb 23,286 183,879 176,318 0 10 16,994 1,071 0 93 0 12,680 207,165

Mar 21,176 172,809 163,096 0 10 17,192 776 0 90 0 12,821 193,985

Apr 20,410 183,529 167,050 0 10 23,291 619 0 86 0 12,883 203,939

May 20,289 183,655 162,927 0 10 27,684 811 0 89 0 12,423 203,944

Jun 19,843 181,922 165,990 0 10 26,165 437 0 89 0 9,074 201,765

Jul 19,020 176,987 162,592 0 60 23,728 322 0 81 0 9,224 196,007

Aug 19,219 178,997 166,049 0 60 22,483 266 0 82 0 9,275 198,216

Sep 18,690 191,260 176,816 0 60 23,759 254 0 78 0 8,984 209,950

Oct 19,620 188,628 175,892 0 0 23,202 252 0 77 0 8,824 208,247

Nov 21,660 191,341 182,965 0 0 21,107 271 0 77 0 8,581 213,001

Dec 22,831 199,966 189,411 0 0 24,586 106 0 79 0 8,615 222,797

2013

Jan 24,671 180,070 172,871 1 0 23,014 252 0 148 0 8,455 204,741

Feb 33,812 181,462 185,469 0 0 21,161 108 0 77 0 8,460 215,274

Mar 38,250 183,125 192,929 0 0 19,748 117 0 77 0 8,504 221,375

Apr 37,315 179,924 190,953 0 0 17,738 66 0 73 0 8,408 217,238

May 39,412 198,023 211,844 0 0 16,981 72 0 73 0 8,466 237,435

Jun 34,334 192,536 200,661 0 0 17,419 65 0 75 0 8,649 226,869

Jul 32,891 189,213 196,699 0 0 16,690 19 0 75 0 8,621 222,104

Aug 28,659 205,650 209,556 0 0 15,968 41 0 75 0 8,668 234,309

Public enterprises

NOTE:


Companies

Dinar deposits FX-indexed dinar deposits

Total(1+2) = (3 to 11)

Domestic deposits


37


currencies

13 14 15 16 17 18 19 20 21

22,514 116,134 114,923 21,609 1 1,665 451 138,648 316,985 2008

24,225 118,354 116,551 25,455 7 255 311 142,579 349,542 2009

21,987 136,058 136,682 20,414 103 305 542 158,045 361,016 2010

23,084 168,683 170,076 19,036 1 2,254 401 191,768 423,267 2011

26,797 182,280 181,989 25,736 1 663 688 209,077 431,874 2012

2011

24,136 164,316 170,561 16,380 60 453 998 188,452 400,604 Aug

23,463 160,929 167,013 16,370 1 466 543 184,392 394,628 Sep

22,888 167,952 173,155 16,483 1 605 596 190,840 406,632 Okt

23,471 163,898 164,201 21,781 1 788 599 187,369 410,526 Nov

23,084 168,683 170,076 19,036 1 2,254 401 191,768 423,267 Dec

2012

23,513 161,599 162,556 19,705 1 2,203 649 185,113 395,665 Jan

24,445 159,675 162,396 18,818 1 2,105 800 184,119 391,284 Feb

24,981 150,549 153,062 19,963 1 1,938 567 175,530 369,515 Mar

25,909 157,632 157,796 23,301 1 1,780 665 183,541 387,480 Apr

27,227 161,186 160,741 25,397 3 1,657 615 188,413 392,357 May

27,518 180,929 181,045 25,768 3 1,031 600 208,447 410,212 Jun

28,605 179,135 177,713 28,230 1 1,095 701 207,740 403,747 Jul

27,596 176,001 176,813 24,928 1 1,148 707 203,597 401,813 Aug

26,180 176,842 175,969 24,081 1 2,349 622 203,022 412,972 Sep

27,151 171,900 173,079 24,455 1 935 581 199,052 407,299 Oct

32,635 180,027 187,204 24,146 1 559 753 212,662 425,663 Nov

26,797 182,280 181,989 25,736 1 663 688 209,077 431,874 Dec

2013

25,902 166,448 163,545 27,444 1 664 695 192,350 397,090 Jan

37,190 163,471 175,889 23,479 3 684 607 200,661 415,935 Feb

28,223 168,640 168,828 26,852 1 590 592 196,863 418,238 Mar

27,318 162,858 165,323 23,652 3 606 593 190,176 407,414 Apr

28,462 169,360 170,410 26,019 1 678 715 197,822 435,257 May

28,531 173,199 175,350 24,599 1 768 1,012 201,730 428,599 Jun

28,538 173,382 176,734 23,530 2 775 879 201,920 424,023 Jul

28,302 178,236 180,907 23,595 23 1,048 965 206,538 440,846 Aug

FX deposits

Currency structure

Total(13+14) = (15 to 19)

Public enterprises

Companies

Total(12+20)

August 2013

38

Тable 5c

Household Deposits by Contracted Hedge and Currency(In million dinars, end of period)

No risk hedgingRetail price

growthOther types of

hedgingEUR USD JPY CHF

Other currencies

Limited FX clause (unilateral)

1 2 3 4 5 6 7 8 9 10

2008 52,260 0 3 266 0 0 9 3 8 52,549

2009 61,326 0 0 219 0 0 1 0 3 61,550

2010 60,545 0 9 243 0 0 3 0 0 60,799

2011 79,277 0 4 269 0 0 6 8 0 79,564

2012 78,370 0 5 453 0 0 11 4 0 78,843

2011

Aug 64,606 0 4 270 0 0 5 7 1 64,892

Sep 67,384 0 4 267 0 0 5 7 1 67,668

Okt 64,740 0 4 284 0 0 5 8 0 65,041

Nov 68,580 0 4 257 0 0 5 8 0 68,854

Dec 79,277 0 4 269 0 0 6 8 0 79,564

2012

Jan 79,001 0 5 250 0 0 6 7 0 79,270

Feb 79,169 0 5 297 0 0 7 7 0 79,485

Mar 75,861 0 6 310 0 0 7 6 0 76,190

Apr 79,194 0 5 328 0 0 8 6 0 79,541

May 70,812 0 4 362 2 0 9 7 0 71,195

Jun 71,365 0 4 362 2 0 9 7 0 71,748

Jul 72,865 0 4 428 2 0 9 6 0 73,315

Aug 74,156 0 4 424 0 0 10 5 0 74,598

Sep 75,630 0 4 420 0 0 9 5 0 76,068

Oct 70,821 0 4 433 0 0 10 4 0 71,271

Nov 72,182 0 4 441 0 0 10 4 0 72,640

Dec 78,370 0 5 453 0 0 11 4 0 78,843

2013

Jan 72,393 0 4 402 0 0 12 3 0 72,813

Feb 75,397 0 4 328 0 0 12 1 0 75,743

Mar 76,698 0 6 331 0 0 14 2 0 77,050

Apr 79,967 0 7 340 0 0 14 1 0 80,328

May 78,981 0 4 328 0 0 15 1 0 79,329

Jun 82,389 0 4 339 0 0 15 1 0 82,748

Jul 86,240 0 4 370 0 0 16 2 0 86,631

Aug 89,681 0 4 350 0 0 17 2 0 90,054

Domestic deposits


Dinar FX-indexed

Total(1 t� 9)

NOTE:


39


currencies

11 12 13 14 15 16 17

392,310 12,168 9 8,255 1,827 414,570 467,119 2008

540,814 13,989 10 8,976 2,389 566,177 627,727 2009

694,911 19,228 14 14,452 3,463 732,069 792,868 2010

728,137 22,195 19 20,683 4,603 775,637 855,201 2011

851,903 26,701 26 25,259 5,960 909,849 988,692 2012

2011

706,606 18,191 14 16,116 3,825 744,751 809,643 Aug

705,332 19,228 15 15,745 3,781 744,100 811,768 Sep

698,810 18,515 14 15,849 3,768 736,956 801,997 Okt

728,875 20,883 16 19,014 4,264 773,052 841,906 Nov

728,137 22,195 19 20,683 4,603 775,637 855,201 Dec

2012

739,602 22,403 20 21,310 4,740 788,075 867,345 Jan

770,245 23,086 20 22,435 4,997 820,783 900,268 Feb

782,494 23,615 37 23,001 5,105 834,253 910,443 Mar

792,335 24,247 39 23,527 5,277 845,425 924,967 Apr

832,917 27,356 49 24,775 5,623 890,721 961,915 May

830,384 27,338 26 24,947 5,678 888,372 960,120 Jun

846,774 28,599 30 25,570 6,043 907,015 980,330 Jul

853,120 28,505 27 25,828 6,094 913,573 988,170 Aug

832,613 27,043 25 25,051 6,050 890,782 966,850 Sep

826,314 26,667 26 24,874 5,818 883,698 954,969 Oct

841,891 26,585 27 24,966 5,777 899,246 971,886 Nov

851,903 26,701 26 25,259 5,960 909,849 988,692 Dec

2013

843,052 25,903 25 24,385 5,709 899,075 971,888 Jan

844,837 26,799 26 24,723 5,816 902,200 977,943 Feb

848,824 27,414 27 24,939 6,084 907,288 984,338 Mar

837,202 26,598 25 24,322 6,056 894,203 974,531 Apr

847,631 26,992 26 24,334 6,117 905,099 984,428 May

865,617 27,829 27 25,032 6,178 924,684 1,007,432 Jun

864,335 27,398 27 25,280 6,250 923,290 1,009,921 Jul

872,144 27,818 28 25,704 6,345 932,039 1,022,093 Aug

FX deposits

Total(11 to 15)

Currency structure

Total(10 + 16)

August 2013

40

Тable 5d

Corporate Deposits with Banks by Sector(In million dinars, end of period)

Sector A

Sectors B, C

and E

Sector D

Sector F

Sector G

Sectors H, I

and J

Sectors L, M, N, R and S

Sectors P and Q

Related public

enterprises and

companies not included in consoli-

dation

Related public

enterprises and

companies included in

consoli-dation

Total (1 to 10)

Sector A

Sectors B, C

and E

Sector D

Sector F

Sector G

Sectors H, I

and J


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

2010 2,985 21,485 7,187 7,763 23,770 10,763 13,711 2,129 249 10 90,051 2,452 19,379 3,848 11,760 16,186 21,446 33,713

2011 3,724 23,376 5,161 9,741 27,192 11,956 13,723 2,134 684 1 97,692 4,275 34,507 6,533 15,296 16,954 21,622 33,002

2012 3,541 25,325 6,184 9,154 34,457 11,961 15,857 2,093 603 4 109,178 4,317 25,799 2,906 13,864 22,554 14,470 27,552

2011

Aug 2,579 19,643 6,692 6,695 25,187 18,978 14,183 2,204 397 6 96,563 3,519 20,554 6,444 11,716 14,194 26,419 31,602

Sep 2,992 16,879 6,983 7,404 24,214 15,827 13,398 2,162 279 6 90,143 3,291 23,424 6,242 11,971 15,814 28,062 30,179

Oct 3,012 22,104 7,373 7,516 26,786 12,572 13,613 2,388 433 6 95,802 3,983 22,408 6,314 12,000 15,989 27,340 30,268

Nov 3,247 21,120 7,606 7,092 27,704 14,488 14,002 2,472 515 7 98,251 3,756 29,484 6,295 12,969 16,724 22,719 31,047

Dec 3,724 23,376 5,161 9,741 27,192 11,956 13,723 2,134 684 1 97,692 4,275 34,507 6,533 15,296 16,954 21,622 33,002

2012

Jan 2,611 18,977 6,108 8,125 25,462 10,609 13,340 2,483 309 1 88,025 3,657 32,742 5,760 15,211 15,806 13,430 33,860

Feb 2,420 18,345 5,947 7,945 26,965 11,045 14,190 2,333 425 1 89,615 3,811 31,148 5,644 14,900 13,815 12,182 33,990

Mar 2,879 17,873 4,696 6,857 24,965 8,858 12,621 2,257 171 1 81,178 4,583 29,471 5,376 14,273 13,826 11,512 31,678

Apr 2,926 19,765 4,620 7,133 24,465 9,740 13,452 2,497 155 1 84,753 4,570 31,413 4,604 14,769 14,857 11,109 36,024

May 3,303 18,494 5,822 7,212 22,980 11,313 13,389 2,452 215 0 85,181 4,841 33,338 4,005 14,041 14,745 10,280 35,501

Jun 3,363 19,668 5,810 7,562 22,950 10,518 12,781 2,333 201 0 85,186 4,662 34,116 3,515 12,936 14,717 9,499 34,990

Jul 2,923 19,595 5,394 8,438 24,649 11,211 13,422 2,198 185 0 88,015 4,579 26,077 3,635 13,033 14,395 9,239 35,112

Aug 3,229 19,253 6,085 8,766 22,539 13,150 12,133 2,097 198 0 87,451 4,933 28,684 3,407 13,203 14,068 9,570 34,900

Sep 4,489 22,664 5,548 8,778 26,466 11,922 12,607 2,210 156 0 94,838 5,211 33,422 3,416 11,828 17,453 8,801 33,060

Oct 3,893 19,411 7,028 12,367 24,469 10,479 12,490 2,396 496 0 93,029 4,954 32,647 2,868 11,878 15,546 11,888 33,149

Nov 3,870 20,881 7,236 9,421 29,317 11,359 13,331 2,286 278 0 97,979 4,929 35,739 2,658 11,580 16,102 12,146 29,747

Dec 3,541 25,325 6,184 9,154 34,457 11,961 15,857 2,093 603 4 109,178 4,317 25,799 2,906 13,864 22,554 14,470 27,552

2013

Jan 2,978 20,564 7,012 8,482 30,741 10,401 14,167 2,011 373 5 96,734 3,149 22,994 3,203 13,953 20,030 14,331 28,060

Feb 2,867 22,412 12,979 8,478 31,037 14,236 14,423 1,944 263 7 108,646 3,204 24,851 3,482 13,115 17,905 14,821 26,950

Mar 3,116 19,116 13,652 7,410 33,179 18,939 14,886 1,991 552 7 112,848 4,741 25,587 3,425 12,608 18,568 14,152 27,070

Apr 2,854 19,858 16,612 7,546 29,074 16,501 14,193 1,676 835 7 109,157 4,353 24,453 3,076 13,585 18,483 15,151 26,837

May 3,039 21,980 17,887 8,063 33,763 20,914 14,964 1,902 585 8 123,105 3,785 29,385 2,975 13,231 19,057 14,665 28,822

Jun 2,915 25,104 17,167 7,531 34,541 18,523 14,489 1,864 464 7 122,603 4,280 20,757 3,643 12,956 16,584 15,266 28,464

Jul 3,212 24,063 19,163 8,062 34,656 14,463 14,456 1,920 717 7 120,720 3,328 19,906 4,249 12,282 16,809 15,014 27,434

Aug 3,412 31,392 19,602 8,641 33,995 14,388 15,098 2,052 1,000 7 129,587 3,156 21,495 4,087 12,658 16,954 15,405 28,562

Sector A Sector J

Sector B Sector L

Sector C Sector M

Sector D Sector N

Sector E Sector P

Sector F Sector Q

Sector G Sector R

Sector H Sector S

Sector I

Distribution of electricity, gas, steam and air conditioning Administrative and supporting service activities

Mining

LEGEND:

Real estate activity

Professional, scientific, innovation and technical activitiesProcessing industry

Information and communications

Dinar and indexed dinar savings and term deposits

Agriculture, forestry, fishing

Transaction deposits in dinars

Table shows data as of August 2010 due to entry into force of a new Decree on the Classification of Activities. Quarterly data for prior months, shown according to the prior classification of activities, are available on NBS website at: http://www.nbs.rs/internet/english/80/index.html.

Water supply; waste water management, waste disposal control and similar activities

Construction

Wholesale and retail trade, repair of motor vehicles and motorcycles Art, entertainment and recreational activities

Education

Health and social care

Food and lodging services

NOTE:

Other service activitiesTransport and warehousing


41

Sectors P and Q

Related public

enterprises and


dation

Related public

enterprises and


consoli-dation

Total(12 to

21)

Sector A

Sectors B, C

and E

Sector D

Sector F

Sector G

Sectors H, I

and J


Sectors P and Q

Related public

enterprises and


dation

Related public

enterprises and


consoli-dation

Total(23 to

32)

19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

1,264 2,866 4 112,919 3,159 58,517 4,193 14,966 31,941 23,808 19,058 1,061 1,339 3 158,045 361,015 2010

1,185 433 2 133,808 3,983 74,460 4,815 18,543 33,155 32,937 21,326 947 1,601 2 191,768 423,267 2011

1,418 740 0 113,620 3,632 71,238 7,562 23,599 44,367 32,759 21,632 1,221 3,067 0 209,077 431,874 2012

2011

977 164 2 115,589 3,872 65,424 4,464 18,567 34,152 30,162 29,259 1,085 1,465 2 188,452 400,604 Aug

923 184 2 120,093 3,680 67,796 4,673 17,066 33,602 30,685 24,828 995 1,066 2 184,392 394,628 Sep

1,087 599 2 119,989 3,555 63,027 4,213 14,724 46,416 31,377 23,120 1,024 3,383 2 190,840 406,631 Oct

1,276 634 2 124,905 3,864 64,581 4,483 15,975 40,371 31,733 22,458 1,003 2,898 2 187,369 410,526 Nov

1,185 433 2 133,808 3,983 74,460 4,815 18,543 33,155 32,937 21,326 947 1,601 2 191,768 423,267 Dec

2012

1,162 897 2 122,527 3,327 74,073 4,980 17,516 35,583 25,756 21,539 989 1,347 2 185,112 395,665 Jan

1,189 871 0 117,550 3,757 67,557 5,026 19,956 34,943 26,770 22,526 1,024 2,561 1 184,119 391,284 Feb

1,357 733 0 112,807 3,808 59,049 4,760 18,444 35,702 29,876 21,961 1,009 922 1 175,530 369,515 Mar

1,269 569 0 119,185 3,499 67,052 5,086 18,415 37,495 28,847 21,138 1,021 988 1 183,542 387,480 Apr

1,274 740 0 118,764 3,482 67,828 5,535 18,808 39,580 28,339 22,894 1,096 849 2 188,413 392,358 May

1,254 890 0 116,579 3,978 84,093 5,666 20,076 39,839 29,523 23,186 1,257 827 1 208,448 410,212 Jun

1,168 755 0 107,992 3,436 74,686 7,408 20,445 43,118 32,193 23,877 1,403 1,173 1 207,740 403,747 Jul

1,133 866 0 110,765 3,753 70,732 8,206 20,904 41,224 31,847 24,110 1,291 1,530 1 203,597 401,813 Aug

1,063 858 0 115,112 3,521 70,251 7,797 20,882 41,727 31,447 21,759 1,224 4,413 1 203,022 412,972 Sep

1,395 893 0 115,218 3,518 70,519 7,167 19,155 42,777 32,009 21,559 1,119 1,228 1 199,052 407,299 Oct

1,374 748 0 115,022 3,511 73,522 7,236 26,042 40,820 37,595 21,315 1,178 1,442 1 212,662 425,663 Nov

1,418 740 0 113,620 3,632 71,238 7,562 23,599 44,367 32,759 21,632 1,221 3,067 0 209,077 431,874 Dec

2013

1,428 859 0 108,007 4,016 66,789 7,123 19,890 40,934 27,221 22,227 1,135 3,015 1 192,350 397,091 Jan

1,413 888 0 106,628 3,835 63,618 7,865 18,127 40,078 39,288 23,536 1,159 3,155 0 200,661 415,935 Feb

1,500 878 0 108,528 4,018 69,938 8,273 18,417 40,503 30,196 22,477 1,190 1,851 1 196,863 418,239 Mar

1,477 666 0 108,081 3,959 61,741 8,247 17,892 39,532 33,254 22,615 1,147 1,788 1 190,176 407,414 Apr

1,578 833 0 114,331 3,292 63,907 8,582 20,350 41,681 33,747 23,109 1,142 2,012 1 197,822 435,257 May

1,539 776 0 104,266 3,743 66,515 8,303 18,900 41,993 35,382 23,464 1,285 2,145 0 201,730 428,599 Jun

1,589 774 0 101,384 4,356 67,041 8,723 20,715 42,458 32,476 23,101 1,107 1,943 0 201,920 424,024 Jul

1,607 798 0 104,722 4,345 70,700 8,593 19,971 43,444 33,573 22,652 1,261 1,999 1 206,537 440,846 Aug

Foreign exchange deposits

Total enterprises (11+22+33)

Dinar and indexed dinar savings and term deposits

August 2013

42

Table 6

Bank Short-Term Claims on Non-Monetary Sector (In million dinars, end of period)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


organi-zations

Total(1 to 6)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


organi-zations

Total(8 to 13)

1 2 3 4 5 6 7 8 9 10 11 12 13 14

1999 27 5 916 14,049 602 350 15,949 0 0 238 932 7 1,177

2000 26 102 1,456 22,027 1,079 642 25,332 0 0 239 1,238 80 1,557

2001 229 76 743 35,950 2,988 579 40,565 0 0 75 2,947 157 3,179

2002 486 314 1,290 57,111 7,975 1,726 68,902 0 0 17 979 148 1,144

2003 236 139 3,482 75,786 11,894 1,007 92,544 0 24 8 1,909 20 1,961

2004 422 166 3,640 101,510 16,594 1,356 123,688 0 0 20 1,404 8 1,432

2005 120 120 1,599 150,105 23,598 2,737 178,279 0 0 348 6,713 8 7,069

2006 346 136 4,638 156,503 38,827 2,878 203,328 4 0 17 8,847 6 8,874

2007 823 82 6,598 219,423 50,545 2,486 279,957 71 0 13 14,519 8 14,611

2008 4,380 63 9,113 286,573 59,946 1,604 361,679 122 0 8 14,301 83 4 14,518

2009 3,671 202 19,278 346,474 64,540 3,003 437,167 155 0 1 15,533 43 5 15,737

2010 7,031 362 14,900 465,955 70,806 284 559,337 899 0 410 14,625 31 1 15,966

2011 8,538 485 20,629 398,391 68,410 102 496,556 729 94 258 15,535 27 0 16,642

2012 8,277 297 16,634 395,819 86,502 548 508,076 547 106 543 14,522 36 0 15,754

2011

Aug 8,586 683 17,372 410,364 70,408 205 507,618 577 6 495 11,721 25 1 12,825

Sep 8,616 697 17,085 406,949 69,715 82 503,143 673 3 415 12,150 25 1 13,266

Oct 8,274 745 16,505 400,821 69,975 80 496,400 763 20 534 12,158 22 1 13,498

Nov 8,265 624 17,705 401,420 70,266 79 498,360 785 16 385 12,509 17 1 13,713

Dec 8,538 485 20,629 398,391 68,410 102 496,556 729 94 258 15,535 27 0 16,642

2012

Jan 8,329 366 18,860 406,283 69,300 146 503,284 699 91 209 15,929 30 0 16,958

Feb 8,414 365 20,166 415,591 70,217 157 514,910 684 80 1,722 15,026 31 0 17,543

Mar 9,741 406 20,057 422,917 72,961 256 526,338 711 65 1,733 13,498 43 0 16,049

Apr 9,724 426 24,425 422,102 75,355 395 532,426 716 56 1,697 13,155 31 0 15,655

May 10,992 603 28,440 435,771 79,616 310 555,732 703 48 1,343 13,429 34 0 15,556

Jun 10,961 576 27,974 419,619 81,276 634 541,040 666 174 2,235 13,909 28 0 17,011

Jul 10,208 474 27,936 451,373 84,170 635 574,796 619 156 1,845 14,179 32 0 16,831

Aug 9,957 436 22,366 455,203 85,745 602 574,308 589 150 1,884 13,638 35 0 16,295

Sep 9,829 615 20,083 437,617 86,386 559 555,089 573 136 1,836 14,351 38 0 16,934

Oct 8,598 510 18,964 415,940 88,334 582 532,929 623 136 1,643 13,297 32 0 15,731

Nov 8,666 411 16,668 404,198 88,227 587 518,757 544 104 991 12,527 28 0 14,194

Dec 8,277 297 16,634 395,819 86,502 548 508,076 547 106 543 14,522 36 0 15,754

2013

Jan 7,299 194 14,263 391,397 88,252 548 501,953 547 85 273 15,647 32 0 16,583

Feb 6,740 176 13,732 388,901 88,300 563 498,412 544 64 209 15,771 31 0 16,619

Mar 8,845 261 13,943 376,963 88,934 522 489,466 534 45 161 15,150 33 0 15,923

Apr 6,841 487 13,499 360,714 88,863 359 470,764 522 37 269 13,827 36 0 14,691

May 6,971 767 12,788 362,127 90,921 497 474,070 527 34 223 12,272 43 0 13,099

Jun 8,484 755 8,049 379,500 92,367 495 489,649 527 29 247 10,328 61 0 11,192

Jul 8,109 650 8,682 384,610 93,023 327 495,401 534 20 312 9,944 67 0 10,875

Aug 7,211 590 7,975 381,867 93,211 298 491,152 534 13 268 9,347 55 0 10,217

NOTE:



Credit Securities

Short-term dinar and indexed dinar claims


43


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


organi-zations

Total(15 to 20)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


organi-zations

Total(22 to 27)

15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

5 4 1,014 11,454 20 55 12,552 0 0 599 5,761 0 195 6,555 36,233 1999

6 7 1,241 13,097 72 145 14,568 0 0 1,679 31,135 0 719 33,533 74,990 2000

19 2 1,035 16,444 92 61 17,653 0 0 1,677 31,915 0 685 34,277 95,674 2001

8 2 54 2,674 166 44 2,948 0 0 84 13,569 0 367 14,020 87,014 2002

9 3 111 3,069 144 93 3,429 26 0 47 17,325 0 232 17,630 115,564 2003

9 7 102 3,598 197 77 3,990 67 2 1,715 25,381 2 258 27,425 156,535 2004

5 9 100 4,540 530 138 5,322 182 0 2,493 40,548 8 233 43,464 234,134 2005

10 25 71 5,162 827 144 6,239 307 0 0 26,959 26 251 27,543 245,984 2006

15 35 62 6,884 1,548 190 8,734 193 0 161 25,475 43 568 26,440 329,742 2007

149 41 111 10,567 2,667 49 13,584 2,533 2 8,452 35,235 202 123 46,547 436,328 2008

613 44 213 15,365 3,537 83 19,856 3,443 5 5,047 32,733 163 134 41,525 514,285 2009

584 55 194 23,087 4,284 25 28,229 4,770 8 5,618 39,990 161 5 50,552 654,084 2010

866 85 220 30,238 5,094 13 36,516 4,249 8 5,597 43,034 301 5 53,193 602,907 2011

1,076 100 233 27,900 6,103 19 35,431 4,807 17 0 37,744 395 13 42,975 602,237 2012

2011

790 55 238 29,260 5,052 29 35,422 4,857 3 5,348 37,657 235 5 48,104 603,971 Aug

843 65 245 29,756 5,129 13 36,050 4,908 2 5,373 38,139 241 11 48,674 601,133 Sep

835 68 224 29,921 5,242 13 36,302 4,657 0 5,312 37,577 231 13 47,788 593,990 Oct

873 62 220 30,944 5,321 17 37,437 4,740 0 5,536 40,250 246 15 50,787 600,298 Nov

866 85 220 30,238 5,094 13 36,516 4,249 8 5,597 43,034 301 5 53,193 602,907 Dec

2012

1,567 67 230 31,504 5,334 14 38,716 4,860 1 5,657 43,521 319 5 54,363 613,320 Jan

1,488 61 239 32,452 5,576 20 39,834 4,541 0 5,858 45,773 324 5 56,501 628,788 Feb

1,503 70 244 33,101 5,642 19 40,578 4,386 1 5,928 45,594 329 6 56,243 639,209 Mar

1,495 67 271 33,578 5,701 19 41,131 4,605 1 5,966 46,108 331 6 57,016 646,228 Apr

1,501 67 299 34,120 5,942 25 41,954 9,822 0 5,970 46,401 353 6 62,551 675,793 May

1,433 79 316 31,307 6,056 18 39,208 4,724 6 0 41,117 355 6 46,208 643,467 Jun

1,480 67 279 31,883 6,148 19 39,875 4,881 4 0 41,651 359 6 46,901 678,403 Jul

1,214 65 231 32,091 6,218 22 39,841 5,120 4 0 41,958 371 6 47,458 677,902 Aug

1,297 78 292 32,765 6,427 16 40,874 4,858 0 0 40,306 366 11 45,540 658,438 Sep

1,289 74 226 27,920 6,247 15 35,771 4,589 0 0 38,072 370 12 43,043 627,473 Oct

1,407 55 226 28,621 6,389 22 36,718 4,801 0 42 37,473 398 15 42,728 612,397 Nov

1,076 100 233 27,900 6,103 19 35,431 4,807 17 0 37,744 395 13 42,975 602,237 Dec

2013

2,461 40 301 28,419 6,259 21 37,502 4,849 0 0 37,219 418 10 42,496 598,533 Jan

2,159 49 214 28,737 6,354 30 37,543 7,155 0 0 37,060 400 1 44,617 597,190 Feb

2,312 54 300 28,507 6,467 30 37,670 5,448 0 0 36,149 395 1 41,993 585,052 Mar

2,181 45 245 24,601 6,209 26 33,307 5,240 0 0 32,404 381 1 38,026 556,788 Apr

2,196 53 199 25,112 6,417 33 34,010 8,178 0 0 33,703 382 1 42,264 563,443 May

2,292 85 255 26,053 6,717 28 35,431 5,062 13 0 34,832 396 1 40,305 576,578 Jun

2,347 61 261 26,188 6,624 27 35,507 4,003 5 0 36,141 377 7 40,533 582,316 Jul

2,404 46 188 25,868 6,604 29 35,138 6,595 0 0 36,322 364 1 43,282 579,788 Aug

Short-term foreign currency claimsTotal short-term

claims(7+14+21+28)

On interest and fees

Short-term dinar and indexed dinar claims

August 2013

44

Table 6a

Bank Long-Term Claims on Non-Monetary Sector(In million dinars, end of period)


Local govern-

ment

Public enterpries

Compa-nies

House-holds


organi-zations

Total(1 to 6)


Local govern-

ment

Public enterpries

Compa-nies

House-holds


organi-zations

Total(8 to 13)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

1999 103 0 298 2,955 1,138 2 4,496 0 0 0 0 0 0 0 1,832

2000 218 2 579 4,618 1,698 1 7,116 0 0 0 0 0 0 0 3,761

2001 306 98 927 10,256 2,197 6 13,790 0 0 0 0 0 0 0 5,059

2002 379 277 642 15,078 7,998 221 24,595 0 0 0 0 0 0 0 2,951

2003 1 1,244 290 24,392 17,295 342 43,564 0 0 0 0 0 0 0 3,835

2004 209 1,094 1,236 50,266 49,563 388 102,756 0 0 0 0 0 0 0 4,343

2005 31 2,074 7,273 85,287 107,717 1,066 203,448 0 0 0 0 0 0 0 3,764

2006 12 4,872 8,459 124,500 163,631 1,274 302,748 0 0 0 0 0 0 0 4,040

2007 70 6,891 7,004 185,546 253,294 3,154 455,959 0 0 0 0 0 0 0 3,832

2008 6,579 8,732 5,366 258,699 364,867 1,343 645,586 8 0 0 800 0 0 808 1,855

2009 5,995 10,859 23,286 316,240 393,516 2,496 752,392 8 0 0 444 0 0 452 2,844

2010 16,303 17,231 45,780 383,221 495,300 349 958,184 108 0 180 1,905 0 0 2,194 1,564

2011 23,579 23,065 69,106 497,602 527,314 641 1,141,306 90 0 9 4,031 0 0 4,130 1,383

2012 25,320 23,220 82,285 592,851 559,001 980 1,283,658 76 4,064 1,201 2,717 0 0 8,057 1,434

2011

Aug 22,461 17,812 63,513 450,022 513,438 655 1,067,901 92 0 39 1,895 0 0 2,026 1,560

Sep 23,010 18,848 62,850 457,062 511,308 640 1,073,719 91 0 33 1,869 0 0 1,993 1,260

Oct 23,877 19,708 63,115 452,505 512,009 619 1,071,833 94 0 27 1,731 0 0 1,852 1,259

Nov 21,593 20,800 68,517 470,635 525,338 660 1,107,543 90 0 15 2,228 0 0 2,332 1,390

Dec 23,579 23,065 69,106 497,602 527,314 641 1,141,306 90 0 9 4,031 0 0 4,130 1,383

2012

Jan 23,669 23,197 73,000 513,989 532,467 649 1,166,971 91 0 3 3,444 0 0 3,538 1,383

Feb 24,292 23,783 74,725 524,415 544,748 815 1,192,778 89 0 0 4,525 0 0 4,614 1,383

Mar 24,298 24,023 74,446 528,747 548,909 737 1,201,158 90 0 0 4,437 0 0 4,527 1,380

Apr 23,355 24,245 72,464 534,705 550,253 821 1,205,843 91 0 0 4,380 0 0 4,471 1,380

May 23,519 24,965 71,334 546,173 567,715 798 1,234,505 89 56 0 4,321 0 0 4,465 1,361

Jun 23,746 24,922 69,588 537,641 567,171 777 1,223,844 88 4,059 1,246 2,687 0 0 8,080 1,557

Jul 24,739 25,178 69,834 536,989 575,119 791 1,232,650 89 4,060 1,266 2,694 0 0 8,110 1,563

Aug 24,773 25,149 74,935 540,699 578,257 931 1,244,744 84 4,060 1,274 3,036 0 0 8,454 1,563

Sep 25,713 24,369 72,451 578,184 566,025 891 1,267,633 82 4,059 1,237 2,793 0 0 8,171 1,388

Oct 24,808 23,893 70,416 576,238 559,488 874 1,255,715 8 4,058 1,174 2,398 0 0 7,638 1,272

Nov 24,980 23,482 82,993 589,585 556,540 838 1,278,417 75 4,057 1,154 2,355 0 0 7,641 1,272

Dec 25,320 23,220 82,285 592,851 559,001 980 1,283,658 76 4,064 1,201 2,717 0 0 8,057 1,434

2013

Jan 24,194 22,649 85,961 570,723 547,029 940 1,251,496 74 4,063 1,104 2,756 0 0 7,997 1,434

Feb 23,778 22,270 87,497 574,281 547,299 913 1,256,037 77 4,062 1,027 3,623 0 0 8,789 1,434

Mar 24,748 21,921 89,247 589,582 552,831 885 1,279,213 77 4,062 943 3,492 1 0 8,575 1,433

Apr 23,690 21,404 86,379 580,048 550,490 735 1,262,746 76 4,508 881 3,250 0 0 8,715 1,433

May 24,490 21,192 86,312 571,757 555,797 723 1,260,272 71 4,505 805 3,078 0 0 8,459 1,433

Jun 24,844 21,221 90,375 574,579 567,890 692 1,279,601 73 4,506 734 3,137 0 0 8,450 1,430

Jul 24,206 20,903 88,419 560,405 570,914 675 1,265,520 68 4,504 641 2,993 0 0 8,204 1,436

Aug 22,936 21,133 88,229 558,258 572,676 671 1,263,902 67 4,504 552 2,915 0 0 8,038 1,436

NOTE:

Securities



Credit

Long-term dinar claims

Enterprise shares


45


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


organi-zations

Total(16 to 21)

16 17 18 19 20 21 22 23 24 25 26 27

23 254 4,604 19,503 0 214 24,598 102 31,028 67,261 12,124 97 1999

0 1,369 27,305 104,255 0 3,713 136,642 423 147,942 222,932 22,593 165 2000

0 1,451 32,530 106,945 0 7,807 148,733 384 167,966 263,640 34,550 269 2001

126 0 5,248 51,927 0 10 57,311 2 84,859 171,873 13,458 119 2002

142 0 5,952 59,227 0 136 65,457 9 112,865 228,429 52,181 894 2003

163 0 9,235 61,717 0 92 71,207 10 178,316 334,851 67,166 2,073 2004

281 5 7,358 60,252 7 119 68,022 11 275,245 509,379 86,576 7,208 2005

239 0 3,681 37,508 7 119 41,554 10 348,352 594,336 54,779 7,500 2006

223 0 3,982 33,482 27 40 37,754 10 497,555 827,297 57,885 10,802 2007

31 406 2,415 29,104 414 226 32,596 22 680,867 1,117,196 74,457 19,813 2008

11 423 2,487 25,052 547 244 28,764 0 784,452 1,298,737 94,853 27,133 2009

219 450 2,439 28,228 622 0 31,957 0 993,899 1,647,983 116,033 31,773 2010

142 1,977 2,268 25,539 596 5 30,527 0 1,177,345 1,780,252 166,015 34,837 2011

106 3,928 5,313 44,673 649 1 54,670 0 1,347,819 1,950,055 168,899 41,304 2012

2011

169 424 2,227 25,502 678 0 29,001 0 1,100,488 1,704,459 121,028 34,672 Aug

172 423 2,195 25,292 639 0 28,721 0 1,105,693 1,706,827 128,860 34,991 Sep

169 1,927 2,164 25,077 608 0 29,945 0 1,104,889 1,698,879 129,882 35,151 Oct

145 1,945 2,245 25,769 609 0 30,712 0 1,141,978 1,742,275 133,371 35,589 Nov

142 1,977 2,268 25,539 596 5 30,527 0 1,177,345 1,780,252 166,015 34,837 Dec

2012

142 2,023 2,288 36,142 660 0 41,255 0 1,213,147 1,826,467 167,575 35,679 Jan

142 2,113 2,366 37,276 642 3 42,542 0 1,241,316 1,870,104 171,371 36,913 Feb

144 2,121 2,332 37,313 655 5 42,570 0 1,249,636 1,888,844 177,023 37,457 Mar

145 3,736 2,348 37,360 683 5 44,277 0 1,255,971 1,902,199 174,675 38,000 Apr

112 3,853 2,464 47,510 719 1 54,658 0 1,294,989 1,970,781 179,702 39,445 May

110 3,758 2,431 45,961 697 1 52,958 0 1,286,439 1,929,908 165,784 39,944 Jun

113 3,913 5,838 47,009 750 2 57,626 0 1,299,948 1,978,351 168,777 40,575 Jul

113 3,904 5,805 47,442 803 2 58,068 0 1,312,829 1,990,731 170,355 41,075 Aug

110 3,880 5,478 45,142 742 1 55,352 0 1,332,544 1,990,981 176,068 40,851 Sep

102 3,795 5,387 43,782 734 0 53,801 0 1,318,426 1,945,899 157,231 40,636 Oct

107 3,785 5,323 44,389 696 1 54,300 0 1,341,630 1,954,027 158,970 40,717 Nov

106 3,928 5,313 44,673 649 1 54,670 0 1,347,819 1,950,055 168,899 41,304 Dec

2013

103 3,890 5,115 40,512 660 0 50,281 0 1,311,208 1,909,741 167,951 41,632 Jan

89 3,865 5,224 41,476 633 6 51,293 0 1,317,554 1,914,745 170,856 41,441 Feb

90 3,862 5,303 41,758 634 7 51,654 0 1,340,875 1,925,927 171,693 42,293 Mar

57 8,829 5,156 41,503 644 3 56,192 0 1,329,086 1,885,873 158,207 41,948 Apr

58 8,882 5,201 40,095 736 2 54,973 0 1,325,136 1,888,579 160,572 42,666 May

60 8,991 5,307 40,551 709 3 55,621 0 1,345,102 1,921,679 162,614 44,527 Jun

59 8,987 5,236 39,227 808 0 54,318 0 1,329,478 1,911,794 163,210 44,635 Jul

51 8,972 5,268 42,835 808 3 57,938 0 1,331,314 1,911,102 163,989 45,636 Aug

Long-term foreign currency claims

CreditOn total

claims on enterprises (tab. 6 and

tab. 6a)

On total claims on

households (tab. 6 and

tab. 6a)

Enterprise shares

Provisioning against losses

Total claims(tab. 6

col. 29 + tab. 6a col. 24)

Total long-term

claims (7+14+15+22+23)

August 2013

46

Table 6b

Bank Claims on Corporate Sector by Contracted Hedge and Currency (In million dinars, end of period)

No risk hedging

Retail price growth

Other types of risk

hedging


currencies

Limited FX clause

(unilateral)

1 2 3 4 5 6 7 8 9 10 11 12

2008 14,603 572,790 209,785 15,861 989 268,924 2,648 0 31,301 2 57,883 587,393

2009 42,783 696,895 201,901 8,728 143 424,974 11,844 0 21,499 1 70,588 739,678

2010 61,464 890,356 321,944 8,404 267 525,611 12,939 0 22,467 4 60,184 951,820

2011 90,223 947,179 297,293 6,950 242 642,730 12,786 0 18,003 4 59,394 1,037,402

2012 100,900 1,035,238 289,346 6,987 149 780,461 8,558 0 16,771 0 33,865 1,136,138

2011

Aug 81,658 904,821 303,976 7,502 253 587,178 9,085 0 19,383 3 59,099 986,479

Sep 80,628 909,046 300,725 7,398 242 593,001 9,865 0 18,407 4 60,032 989,674

Oct 80,405 898,395 292,717 7,552 244 588,646 12,844 0 17,888 3 58,906 978,800

Nov 86,842 919,125 291,095 7,583 248 615,020 12,148 0 17,954 0 61,919 1,005,967

Dec 90,223 947,179 297,293 6,950 242 642,730 12,786 0 18,003 4 59,394 1,037,402

2012

Jan 92,303 972,531 297,543 6,976 246 668,532 13,014 0 18,274 4 60,245 1,064,834

Feb 96,852 993,391 299,909 6,957 249 688,819 13,296 0 18,892 4 62,117 1,090,243

Mar 96,481 1,004,079 298,509 6,982 259 701,296 13,428 0 18,629 44 61,413 1,100,560

Apr 98,858 1,009,298 303,474 6,999 264 703,502 12,570 0 18,943 46 62,358 1,108,156

May 101,416 1,035,174 303,257 6,985 262 729,153 13,988 0 19,534 48 63,363 1,136,590

Jun 101,359 1,006,719 289,555 6,754 243 723,791 10,659 0 19,083 48 57,945 1,108,078

Jul 101,161 1,038,681 295,531 6,760 242 747,464 11,305 0 19,221 46 59,273 1,139,842

Aug 100,691 1,046,229 297,264 6,819 233 752,763 11,322 0 19,065 0 59,454 1,146,920

Sep 95,900 1,067,098 303,000 6,908 220 761,401 10,740 0 18,231 0 62,498 1,162,998

Oct 92,424 1,037,063 303,352 7,025 153 755,692 8,314 0 16,680 0 38,271 1,129,487

Nov 102,032 1,038,558 290,973 7,022 154 780,639 8,863 0 16,839 0 36,100 1,140,590

Dec 100,900 1,035,238 289,346 6,987 149 780,461 8,558 0 16,771 0 33,865 1,136,138

2013

Jan 101,907 1,010,371 285,833 6,988 154 762,650 7,627 0 15,833 0 33,194 1,112,278

Feb 102,684 1,012,742 288,220 6,649 150 764,334 7,673 0 15,826 0 32,574 1,115,426

Mar 104,599 1,015,122 282,284 6,764 152 771,977 7,463 0 15,221 0 35,860 1,119,721

Apr 101,278 983,867 265,203 6,670 156 755,433 7,247 0 14,387 0 36,049 1,085,145

May 100,332 975,774 258,061 6,464 157 753,753 7,329 0 13,871 0 36,472 1,076,106

Jun 99,665 995,023 255,789 6,458 156 771,845 7,296 0 14,152 0 38,992 1,094,688

Jul 98,318 985,570 253,940 6,464 160 762,251 7,376 0 13,979 0 39,718 1,083,888

Aug 97,217 979,685 247,846 6,449 156 764,543 7,360 0 13,866 0 36,682 1,076,901

Total(1+2) = (3 to 11)

Dinar and indexed dinar claims

Dinar FX-indexed


Public enterprises

NOTE:


Compa-nies


47


currencies

13 14 15 16 17 18 19 20

10,867 64,362 55,541 17,146 5 2,204 333 75,229 2008

7,534 57,785 52,995 9,761 5 2,232 327 65,319 2009

8,057 68,217 62,093 10,881 6 2,903 391 76,274 2010

7,865 68,573 61,738 9,481 2 4,828 389 76,438 2011

5,313 82,417 71,742 10,244 2 5,534 208 87,730 2012

2011

7,575 63,160 59,092 7,132 6 4,137 368 70,735 Aug

7,568 63,431 58,781 7,697 6 4,147 368 70,999 Sep

7,476 62,654 58,030 7,512 6 4,213 369 70,130 Oct

7,781 66,019 60,129 8,573 7 4,661 430 73,800 Nov

7,865 68,573 61,738 9,481 2 4,828 389 76,438 Dec

2012

7,945 79,663 72,978 9,298 2 4,934 396 87,608 Jan

8,224 83,049 76,180 9,524 2 5,156 411 91,273 Feb

8,260 82,907 76,413 9,140 2 5,196 416 91,167 Mar

8,314 83,467 76,830 9,309 2 5,210 430 91,781 Apr

8,434 93,911 86,540 9,923 2 5,484 396 102,345 May

2,431 87,078 75,811 8,190 2 5,287 219 89,509 Jun

5,838 88,660 76,945 11,922 2 5,392 237 94,498 Jul

5,805 89,400 77,718 11,804 2 5,457 224 95,205 Aug

5,478 85,448 74,550 10,963 2 5,195 216 90,926 Sep

5,387 81,854 71,534 10,463 2 5,033 209 87,241 Oct

5,365 81,862 71,574 10,206 2 5,238 207 87,227 Nov

5,313 82,417 71,742 10,244 2 5,534 208 87,730 Dec

2013

5,115 77,731 67,676 9,652 2 5,317 199 82,846 Jan

5,224 78,537 68,235 9,952 2 5,372 200 83,761 Feb

5,303 77,906 67,664 9,936 2 5,403 204 83,209 Mar

5,156 73,908 63,956 9,616 1 5,291 200 79,064 Apr

5,201 73,798 63,627 9,862 1 5,308 201 78,999 May

5,307 75,383 66,803 9,623 2 4,141 121 80,690 Jun

5,236 75,369 66,885 9,566 2 4,033 119 80,605 Jul

5,268 79,157 70,594 9,624 2 4,083 122 84,425 Aug

FX claims

Public enterprises

Total(13+14) = (15 to 19)

Currency composition

Companies

August 2013

48

Table 6c

Bank Claims on Households by Contracted Hedge and Currency Structure(In million dinars, end of period)

No risk hedging

Retail price

growth

Other types of risk

hedging


currencies

Limited FX clause (unilateral)

1 2 3 4 5 6 7 8 9 10 10a

2008 91,492 1,324 2,044 228,777 79 0 99,639 54 4,152 427,563 46,067

2009 99,640 969 1,481 256,169 67 0 100,244 0 3,066 461,636 43,898

2010 155,940 633 1,246 291,370 60 0 118,753 2,420 570,422 43,601

2011 193,673 413 1,885 292,972 31 0 110,489 0 1,382 600,845 41,140

2012 224,233 356 4,057 309,920 30 0 111,895 0 1,151 651,642 43,768

2011

Aug 183,857 461 1,277 287,077 30 0 114,313 0 1,909 588,924 41,143

Sep 187,003 451 1,608 285,776 31 0 109,501 0 1,807 586,177 40,496

Oct 192,003 433 1,729 283,622 30 0 107,718 0 1,713 587,248 40,145

Nov 194,102 423 1,817 292,720 31 0 110,111 0 1,738 600,942 41,033

Dec 193,673 413 1,885 292,972 31 0 110,489 0 1,382 600,845 41,140

2012

Jan 194,961 408 1,941 296,010 32 0 112,415 0 1,364 607,131 41,315

Feb 194,717 401 1,991 306,018 32 0 116,023 0 1,389 620,571 42,391

Mar 199,791 399 2,147 307,389 32 0 116,423 0 1,373 627,554 42,891

Apr 203,712 398 2,311 306,932 33 0 116,601 0 1,353 631,340 43,016

May 210,056 392 2,478 318,201 35 0 120,769 0 1,375 653,306 44,053

Jun 215,652 386 2,877 315,138 34 0 119,102 0 1,342 654,531 43,510

Jul 220,691 381 3,234 319,487 35 0 120,297 0 1,344 665,469 43,624

Aug 223,128 375 3,636 321,435 35 0 120,308 0 1,338 670,255 43,288

Sep 225,330 368 3,926 312,689 32 0 115,286 0 1,245 658,876 43,090

Oct 227,772 359 3,796 308,001 32 0 112,947 0 1,194 654,101 43,454

Nov 226,825 356 3,963 306,955 30 0 111,910 0 1,145 651,184 43,913

Dec 224,233 356 4,057 309,920 30 0 111,895 0 1,151 651,642 43,768

2013

Jan 225,108 352 4,198 303,967 28 0 106,788 0 1,131 641,572 42,769

Feb 225,012 344 4,415 303,844 29 0 107,221 0 1,119 641,984 42,975

Mar 228,115 340 4,706 306,661 30 0 107,378 0 1,034 648,264 44,368

Apr 231,180 334 4,995 303,539 28 0 104,467 0 1,055 645,598 43,466

May 235,483 331 5,261 307,615 27 0 103,361 0 1,099 653,177 43,089

Jun 237,300 325 5,534 316,587 28 0 106,195 0 1,065 667,034 43,303

Jul 241,654 267 5,821 316,659 28 0 105,148 0 1,049 670,627 42,496

Aug 243,348 261 6,016 317,930 28 0 103,931 0 1,032 672,546 41,668

Total(1 to 9)

FX-indexed



Of which: Entre-

preneurs


Dinar

NOTE:


49


currenciesTotal

(11 to 15)

11 12 13 14 15 16 16a

581 27 0 8 0 616 193 2008

676 26 0 8 0 711 149 2009

744 28 0 10 0 782 142 2010

859 35 0 2 1 897 232 2011

1,007 35 0 2 0 1,044 274 2012

2011

883 26 0 2 1 912 181 Aug

847 30 0 2 1 880 164 Sep

810 25 0 2 1 838 150 Oct

815 37 0 2 1 855 146 Nov

859 35 0 2 1 897 232 Dec

2012

944 33 0 2 0 979 234 Jan

930 34 0 2 0 966 239 Feb

947 35 0 2 0 984 248 Mar

978 34 0 2 0 1,014 245 Apr

1,030 40 0 2 0 1,072 259 May

1,008 41 0 2 0 1,051 253 Jun

1,069 38 0 2 0 1,109 246 Jul

1,133 39 0 2 0 1,174 247 Aug

1,068 38 0 2 0 1,108 242 Sep

1,066 36 0 2 0 1,104 249 Oct

1,054 37 0 2 0 1,093 274 Nov

1,007 35 0 2 0 1,044 274 Dec

2013

1,044 32 0 2 0 1,078 260 Jan

997 34 0 2 0 1,033 261 Feb

992 35 0 2 0 1,029 262 Mar

986 37 0 2 0 1,025 260 Apr

1,079 37 0 2 0 1,118 266 May

1,068 36 0 2 0 1,106 269 Jun

1,149 34 0 2 0 1,185 250 Jul

1,136 34 0 2 0 1,172 241 Aug

Currency composition

Of which: Entre-

preneurs

FX claims

August 2013

50

Table 6d

Bank Claims on the Corporate Sector, Sectoral Breakdown (In million dinars, end of period)


Sector A

Sectors B, C and E

Sector D

Sector F

Sector G

Sectors H, I

and J


Sectors P and Q

Related public enterprises and companies not

included in consolidation

Related public enterprises and


consolidation

Other claims

Total (1 to 11)

1 2 3 4 5 6 7 8 9 10 11 122010 53,032 295,168 9,864 117,437 281,168 103,363 60,335 6,409 1,920 99 23,025 951,8202011 55,915 302,145 10,417 120,626 278,516 134,306 74,373 6,923 132 100 53,951 1,037,4012012 58,866 329,948 15,098 117,027 295,472 158,058 76,718 5,544 762 236 78,411 1,136,139

2011

Aug 53,675 295,558 9,824 113,939 279,566 121,809 61,538 6,374 306 96 43,794 986,478

Sep 54,452 296,153 9,891 115,338 273,563 124,592 61,577 7,204 314 96 46,494 989,673

Oct 54,204 293,703 9,431 114,481 265,353 124,366 61,856 6,954 200 96 48,157 978,800

Nov 55,094 299,503 10,383 117,635 269,392 131,758 62,648 6,950 132 98 52,376 1,005,968

Dec 55,915 302,145 10,417 120,626 278,516 134,306 74,373 6,923 132 100 53,951 1,037,401

2012

Jan 56,256 310,189 9,638 119,856 281,280 147,710 74,522 6,920 218 100 58,146 1,064,835

Feb 56,993 315,713 12,484 122,514 284,727 151,825 76,402 6,857 137 104 62,490 1,090,244

Mar 56,754 316,093 13,560 122,340 281,303 154,868 75,820 6,856 549 103 72,313 1,100,561

Apr 56,556 312,413 15,373 122,868 281,046 156,084 79,028 6,817 556 125 77,291 1,108,156

May 58,296 320,969 15,299 124,392 285,717 160,771 82,083 6,674 661 74 81,654 1,136,590

Jun 56,633 311,881 14,950 122,836 279,511 158,154 80,374 6,660 665 74 76,341 1,108,079

Jul 59,818 326,990 14,777 124,096 287,599 159,603 81,536 6,960 519 75 77,869 1,139,841

Aug 60,060 331,158 15,874 124,697 286,708 159,613 82,401 6,552 525 693 78,640 1,146,920

Sep 62,533 339,318 15,226 124,396 296,812 157,061 80,859 6,396 668 681 79,046 1,162,997

Oct 58,868 325,281 15,808 119,615 297,923 154,138 77,252 5,480 771 675 73,677 1,129,487

Nov 60,951 325,834 16,117 119,524 295,867 160,918 76,898 5,483 699 310 77,989 1,140,589

Dec 58,866 329,948 15,098 117,027 295,472 158,058 76,718 5,544 762 236 78,411 1,136,139

2013

Jan 56,977 320,436 15,795 114,387 291,730 152,850 75,492 5,315 1,041 270 77,984 1,112,277

Feb 57,630 321,149 22,255 112,946 288,921 150,284 75,387 4,955 1,021 237 80,642 1,115,426

Mar 59,331 319,311 22,354 112,176 295,433 150,712 73,748 4,960 1,293 271 80,131 1,119,720

Apr 55,296 316,043 21,839 106,882 285,797 147,110 67,534 4,737 1,281 270 78,357 1,085,146

May 55,147 312,439 21,494 106,478 282,043 146,312 67,687 4,858 1,759 270 77,619 1,076,106

Jun 56,085 321,352 21,032 108,415 289,012 144,496 69,706 4,934 1,721 236 77,700 1,094,688

Jul 56,099 321,591 20,982 104,573 284,479 141,392 70,155 4,817 1,754 236 77,808 1,083,888

Aug 55,469 320,697 20,542 100,540 282,464 141,982 70,716 4,968 1,102 271 78,150 1,076,901

Sector Sector ISector Sector JSector Sector LSector Sector MSector Sector N

Sector PSector Sector QSector Sector RSector Sector S

Art, entertainment and recreational activities

Administrative and supporting service activitiescontrol and similar activities Education

LEGEND:

Information and communications


Health and social care

Quarterly data for prior months, shown according to the prior classification of activities, are available on NBS website at: http://www.nbs.rs/internet/english/80/index.html.

Agriculture, forestry, fishingMiningProcessing industryDistribution of electricity, gas, steam and air conditioningWater supply; waste water management, waste disposal

Real estate activityProfessional, scientific, innovation and technical activities

Wholesale and retail trade, repair of motor vehicles and motorcyclesTransport and warehousing

NOTE:Table shows data as of August 2010 due to entry into force of a new Decree on the Classification of Activities.

Other service activities

Food and lodging services

Construction

51

Sector A

Sectors B, C and E

Sector D

Sector F

Sector G

Sectors H, I

and J


Sectors P and Q

Related public enterprises and companies not

included in consolidation

Related public enterprises and


consolidation

Other claims

Total (13 to 23)

13 14 15 16 17 18 19 20 21 22 23 24 251,461 31,935 6,041 2,839 20,121 5,151 2,689 49 0 0 5,989 76,275 1,028,095 20101,736 27,483 6,000 3,368 21,092 5,136 1,935 42 0 0 9,646 76,437 1,113,838 20111,645 28,057 428 3,938 15,612 23,255 859 13 0 0 13,922 87,729 1,223,868 2012

2011

1,216 27,282 5,711 3,279 17,965 4,395 1,965 42 0 0 8,881 70,735 1,057,214 Aug

1,203 26,562 5,759 3,376 18,219 4,343 1,909 42 0 0 9,588 71,000 1,060,674 Sep

1,262 26,665 5,683 3,296 17,384 4,519 1,762 43 0 0 9,517 70,130 1,048,930 Oct

1,270 27,343 5,925 3,404 18,256 4,657 1,701 43 0 0 11,202 73,799 1,079,767 Nov

1,736 27,483 6,000 3,368 21,092 5,136 1,935 42 0 0 9,646 76,437 1,113,838 Dec

2012

1,789 27,837 6,058 3,384 19,148 15,075 1,790 38 0 0 12,491 87,608 1,152,443 Jan

1,951 28,603 6,266 3,496 20,262 15,649 1,875 38 0 0 13,133 91,273 1,181,517 Feb

2,012 28,602 6,325 3,464 18,925 15,511 1,966 38 0 0 14,326 91,168 1,191,728 Mar

2,134 28,512 6,368 3,581 19,099 15,503 2,041 37 0 0 14,506 91,781 1,199,937 Apr

2,116 30,037 6,589 3,737 17,461 24,143 2,134 38 0 0 16,090 102,344 1,238,934 May

1,945 26,610 610 3,757 16,860 23,180 1,853 33 0 0 14,661 89,509 1,197,587 Jun

2,058 27,252 629 3,800 20,144 23,629 1,871 33 0 0 15,082 94,498 1,234,339 Jul

2,115 27,514 625 3,749 20,436 23,772 1,790 36 0 0 15,168 95,205 1,242,125 Aug

2,085 27,565 602 3,578 16,963 23,644 1,428 34 0 0 15,025 90,926 1,253,923 Sep

1,900 26,739 593 3,517 15,880 22,982 1,530 29 0 0 14,071 87,241 1,216,728 Oct

1,887 28,021 587 3,507 14,997 22,684 1,349 23 0 0 14,170 87,226 1,227,815 Nov

1,645 28,057 428 3,938 15,612 23,255 859 13 0 0 13,922 87,729 1,223,868 Dec

2013

1,561 27,499 409 3,806 15,117 20,073 795 13 0 0 13,573 82,846 1,195,123 Jan

1,537 28,063 1,230 3,732 14,087 20,021 791 16 0 0 14,283 83,761 1,199,187 Feb

1,531 27,698 1,255 3,194 14,692 20,118 773 16 0 0 13,932 83,209 1,202,929 Mar

1,303 25,813 1,244 3,072 14,645 19,796 757 14 0 0 12,419 79,064 1,164,209 Apr

1,310 25,605 1,275 3,871 14,947 18,459 760 13 0 0 12,760 78,999 1,155,104 May

1,335 28,400 1,304 3,715 14,934 18,857 602 12 0 0 11,531 80,690 1,175,378 Jun

1,316 28,514 1,294 3,665 17,211 16,668 618 14 0 0 11,305 80,605 1,164,493 Jul

1,394 28,908 1,310 3,681 17,469 16,695 3,863 12 0 0 11,093 84,425 1,161,326 Aug

Total enterprises (12 + 24)

Foreign exchange claims

August 2013

52

Table 6e

Bank Claims on the Corporate Sector by Purpose(In million dinars, end of period)

Transaction accounts

Current assets

Exports Investment OtherTotal

(1 t� 5)Placements and deposits

SecuritiesInterest and

feesShares

1 2 3 4 5 6 7 8 9 10 11

2008 21,707 179,775 4,134 134,965 204,083 544,665 15,087 15,109 10,678 1,855 587,394

2009 19,902 242,963 9,469 175,896 236,003 684,233 21,045 15,978 15,578 2,844 739,677

2010 24,052 347,256 17,416 254,988 236,492 880,204 29,651 17,120 23,281 1,564 951,820

2011 32,892 362,449 23,522 288,065 240,939 947,867 37,861 19,834 30,458 1,383 1,037,401

2012 28,306 465,396 15,383 333,699 207,251 1,050,035 37,554 18,983 28,133 1,434 1,136,139

2011

Aug 28,864 341,655 28,397 266,643 239,758 905,316 35,954 14,150 29,497 1,560 986,478

Sep 30,187 345,839 27,368 266,606 237,342 907,342 36,604 14,467 30,001 1,260 989,673

�ct 31,321 346,306 25,537 262,825 230,573 896,562 36,385 14,449 30,145 1,259 978,800

Nov 33,471 355,807 25,110 274,150 232,604 921,141 37,136 15,137 31,165 1,390 1,005,969

Dec 32,892 362,449 23,522 288,065 240,939 947,867 37,861 19,834 30,458 1,383 1,037,401

2012

Jan 32,989 377,585 21,737 307,557 233,934 973,801 38,331 19,585 31,734 1,383 1,064,835

Feb 35,288 383,656 19,065 318,101 239,314 995,424 39,473 21,273 32,691 1,383 1,090,244

Mar 36,311 383,473 15,974 325,210 245,451 1,006,419 39,749 19,668 33,345 1,380 1,100,561

Apr 36,514 391,366 11,236 328,567 245,818 1,013,500 40,195 19,232 33,849 1,380 1,108,156

May 38,149 398,217 6,578 343,194 254,521 1,040,659 41,059 19,092 34,419 1,361 1,136,590

Jun 35,127 397,378 5,625 335,768 242,077 1,015,975 38,847 20,078 31,622 1,557 1,108,078

Jul 34,938 416,089 5,125 342,803 247,697 1,046,652 39,481 19,984 32,162 1,563 1,139,841

Aug 35,472 421,140 4,825 344,220 247,604 1,053,261 39,942 19,832 32,322 1,563 1,146,920

Sep 34,838 449,503 8,262 334,945 241,906 1,069,455 38,881 20,217 33,057 1,388 1,162,997

�ct 33,697 454,642 13,371 329,871 211,628 1,043,209 38,349 18,512 28,145 1,272 1,129,487

Nov 31,090 468,774 15,106 330,499 209,797 1,055,265 38,179 17,027 28,847 1,272 1,140,589

Dec 28,306 465,396 15,383 333,699 207,251 1,050,035 37,554 18,983 28,133 1,434 1,136,139

2013

Jan 27,174 449,381 15,634 324,418 208,180 1,024,787 37,556 19,780 28,720 1,434 1,112,277

Feb 25,962 454,439 15,463 323,182 208,626 1,027,672 36,739 20,630 28,951 1,434 1,115,426

Mar 25,985 461,859 14,086 320,776 207,923 1,030,629 39,105 19,746 28,808 1,433 1,119,721

Apr 26,187 454,131 13,056 316,546 193,914 1,003,834 36,807 18,227 24,845 1,433 1,085,146

May 26,433 447,003 12,376 316,330 193,609 995,749 37,236 16,378 25,311 1,433 1,076,106

Jun 27,203 451,970 11,830 328,539 196,614 1,016,155 36,348 14,446 26,309 1,430 1,094,688

Jul 27,526 447,735 10,677 323,447 197,170 1,006,554 35,562 13,888 26,449 1,436 1,083,888

Aug 29,012 437,258 9,859 326,849 198,737 1,001,714 34,614 13,082 26,056 1,436 1,076,902

NOTE: Due to the application of the new Decree on the Classification of Activities that entered into force in August 2010, significant changes were made in data series.

Loans Other claims

Total(6 t� 10)



53

Imports OtherTotal

(12 + 13)Placements and deposits

SecuritiesInterest and

feesShares

12 13 14 15 16 17 18 19 20

21,469 48,966 70,434 2,927 0 1,846 22 75,229 662,622 2008

18,932 39,144 58,076 5,186 0 2,059 0 65,321 804,998 2009

24,319 42,811 67,130 6,819 0 2,326 0 76,276 1,028,095 2010

24,115 35,775 59,890 13,926 0 2,622 0 76,437 1,113,839 2011

23,274 45,431 68,705 16,570 0 2,455 0 87,729 1,223,868 2012

2011

23,654 35,192 58,845 9,469 0 2,421 0 70,735 1,057,214 Aug

23,551 35,180 58,731 9,815 0 2,454 0 71,000 1,060,673 Sep

22,762 34,911 57,673 10,017 0 2,440 0 70,130 1,048,930 �ct

24,003 36,360 60,363 10,807 0 2,629 0 73,799 1,079,768 Nov

24,115 35,775 59,890 13,926 0 2,622 0 76,437 1,113,839 Dec

2012

26,762 44,347 71,109 13,806 0 2,693 0 87,608 1,152,443 Jan

27,805 46,166 73,971 14,489 0 2,812 0 91,273 1,181,516 Feb

26,729 46,377 73,106 15,199 0 2,862 0 91,167 1,191,728 Mar

26,722 46,601 73,323 15,534 0 2,924 0 91,781 1,199,936 Apr

28,381 54,504 82,885 16,473 0 2,986 0 102,344 1,238,934 May

27,689 42,780 70,469 16,142 0 2,898 0 89,509 1,197,587 Jun

28,163 47,118 75,282 16,330 0 2,886 0 94,498 1,234,339 Jul

28,199 47,533 75,732 16,592 0 2,881 0 95,205 1,242,125 Aug

26,890 45,189 72,079 16,091 0 2,756 0 90,926 1,253,923 Sep

24,723 44,244 68,967 15,817 0 2,457 0 87,241 1,216,728 �ct

23,444 45,319 68,763 15,994 0 2,469 0 87,226 1,227,815 Nov

23,274 45,431 68,705 16,570 0 2,455 0 87,729 1,223,868 Dec

2013

21,473 42,489 63,962 16,487 0 2,397 0 82,846 1,195,123 Jan

21,455 42,761 64,217 17,147 0 2,398 0 83,761 1,199,187 Feb

21,900 42,554 64,454 16,350 0 2,406 0 83,209 1,202,930 Mar

21,757 40,536 62,293 14,908 0 1,862 0 79,064 1,164,209 Apr

21,282 39,992 61,274 15,835 0 1,889 0 78,999 1,155,104 May

22,236 39,507 61,742 17,722 0 1,225 0 80,690 1,175,378 Jun

21,405 38,779 60,183 19,189 0 1,232 0 80,605 1,164,493 Jul

24,813 39,060 63,873 19,336 0 1,216 0 84,425 1,161,327 Aug

FX claims

Total(11 + 19)

Other claims

Total(14 to 18)

Loans

August 2013

54

Table 6f

Bank Claims on Households by Purpose(In million dinars, end of period)

Transaction accounts

Housing Consumer Current assets

Investment Exports OtherTotal

(1 to7) Placements and deposits

SecuritiesInterest

and fees

1 2 3 4 5 6 7 8 9 10 11 12

2008 20,422 163,095 27,979 15,721 26,187 2 157,590 410,995 13,818 83 2,667 427,563

2009 18,807 191,511 39,548 18,340 28,049 14 146,577 442,845 15,211 43 3,537 461,635

2010 19,945 256,190 43,762 22,180 31,977 1 178,425 552,480 13,627 31 4,284 570,422

2011 22,232 275,945 39,831 22,033 31,629 17 192,216 583,904 11,820 27 5,094 600,845

2012 25,521 309,674 30,500 24,586 34,745 2 207,881 632,909 12,593 36 6,103 651,642

2011

Aug 23,491 266,277 41,450 20,730 31,247 10 186,974 570,177 13,669 25 5,052 588,923

Sep 23,465 263,447 40,747 20,918 30,879 7 187,967 567,429 13,594 25 5,129 586,178

�ct 24,520 262,983 40,071 21,067 30,569 7 189,166 568,383 13,601 22 5,242 587,248

Nov 24,330 272,889 40,320 21,513 31,835 8 192,820 583,714 11,890 17 5,321 600,943

Dec 22,232 275,945 39,831 22,033 31,629 17 192,216 583,904 11,820 27 5,094 600,845

2012

Jan 23,886 281,158 39,269 22,113 32,383 17 191,173 589,998 11,769 30 5,334 607,130

Feb 23,397 292,361 39,378 22,572 33,133 16 192,412 603,269 11,696 31 5,576 620,570

Mar 24,343 295,508 39,053 22,934 33,219 16 195,130 610,203 11,666 43 5,642 627,554

Apr 24,232 297,339 38,637 23,517 33,643 14 196,505 613,886 11,723 31 5,701 631,341

May 25,651 310,652 39,289 24,509 35,281 13 200,008 635,403 11,927 34 5,942 653,306

Jun 25,356 309,750 39,360 24,631 35,694 12 201,678 636,480 11,967 28 6,056 654,531

Jul 26,166 316,813 38,159 24,783 36,589 10 204,602 647,121 12,168 32 6,148 665,469

Aug 26,507 320,414 37,408 24,404 36,671 8 206,413 651,825 12,177 35 6,218 670,254

Sep 26,810 311,399 33,719 24,046 35,896 6 208,403 640,279 12,132 38 6,427 658,875

�ct 27,452 306,927 32,149 24,493 35,469 4 208,692 635,185 12,638 32 6,247 654,102

Nov 26,985 305,895 31,183 24,871 35,134 3 208,167 632,237 12,530 28 6,389 651,184

Dec 25,521 309,674 30,500 24,586 34,745 2 207,881 632,909 12,593 36 6,103 651,642

2013

Jan 27,132 301,981 29,302 24,158 33,868 2 205,825 622,267 13,014 32 6,259 641,572

Feb 26,280 303,174 28,523 24,718 33,976 2 206,010 622,683 12,916 31 6,354 641,984

Mar 26,877 305,082 28,052 26,400 34,547 2 207,850 628,809 12,955 34 6,467 648,266

Apr 26,555 301,295 27,713 26,321 34,315 2 210,156 626,356 12,997 36 6,209 645,598

May 28,410 303,720 27,593 26,266 34,696 2 212,859 633,546 13,172 43 6,417 653,178

Jun 27,649 313,123 27,806 26,490 35,675 2 216,280 647,024 13,233 61 6,717 667,035

Jul 28,622 313,343 27,534 25,894 35,844 1 219,277 650,515 13,422 67 6,624 670,626

Aug 28,318 313,986 27,253 25,503 36,237 1 221,032 652,329 13,558 55 6,604 672,546


NOTE:

Revolving loans, cash loans and pazment cards are shown under other credit and other placements.

Loans Other claims

Total(8 to 11)



55

ImportsPurchase of real estate in the country

Of which: housing

OtherTotal

(13 to 15) Placements and deposits

SecuritiesInterest

and fees

13 14 14� 15 16 17 18 19 20 21

69 35 374 478 120 18 616 428,179 2008

83 36 491 611 78 21 710 462,345 2009

39 37 579 654 108 21 783 571,204 2010

32 34 609 675 201 21 898 601,743 2011

59 33 9 699 791 229 0 24 1,044 652,685 2012

2011

69 34 9 666 769 121 23 913 589,835 Aug

56 34 9 646 736 121 23 879 587,057 Sep

41 33 9 624 699 117 23 838 588,086 �ct

33 34 9 633 699 132 23 855 601,797 Nov

32 34 9 609 675 201 21 898 601,743 Dec

2012

30 34 9 689 753 201 23 977 608,107 Jan

31 35 9 667 733 210 23 966 621,537 Feb

37 35 9 675 747 212 25 984 628,538 Mar

35 35 9 707 777 213 0 25 1,014 632,355 Apr

40 36 10 744 820 226 0 26 1,072 654,378 May

37 36 10 727 799 226 0 26 1,051 655,582 Jun

29 36 10 790 855 227 0 27 1,109 666,578 Jul

30 36 10 848 915 231 0 28 1,173 671,428 Aug

32 35 10 791 858 223 0 27 1,108 659,983 Sep

35 34 9 779 847 230 0 26 1,104 655,205 �ct

60 33 9 743 836 231 0 26 1,093 652,277 Nov

59 33 9 699 791 229 0 24 1,044 652,685 Dec

2013

53 32 9 746 830 224 0 23 1,078 642,650 Jan

52 32 9 703 786 224 0 23 1,033 643,018 Feb

52 32 9 695 779 226 0 24 1,029 649,295 Mar

54 31 9 689 774 228 0 23 1,025 646,622 Apr

53 31 9 780 864 230 0 24 1,118 654,295 May

52 32 9 765 848 233 0 24 1,106 668,140 Jun

36 31 9 828 895 266 0 25 1,185 671,812 Jul

32 31 9 852 914 233 0 26 1,173 673,718 Aug

Other claimsLoansTotal

(12 + 20)Total(16 to 19)

FX claims

August 2013

56


Table 7

Money Supply M1 by Sector(In million dinars, end of period)

Other financial organizations

Local government Public enterprises Companies HouseholdsNon-profit and other

organizationsTotal

(1 to 6)

1 2 3 4 5 6 7

1999 99 337 570 5,027 7,943 803 14,779 1999

2000 630 1,441 1,025 8,243 13,953 1,734 27,026 2000

2001 889 3,511 2,157 17,874 30,333 3,469 58,233 2001

2002 150 5,157 6,178 26,520 51,627 4,183 93,815 2002

2003 531 1,322 6,853 34,796 52,158 3,643 99,303 2003

2004 1,022 5,119 10,134 36,555 54,750 3,678 111,258 2004

2005 1,487 5,935 9,893 55,232 67,104 5,298 144,949 2005

2006 3,707 9,473 9,330 81,749 89,807 6,024 200,090 2006

2007 4,176 9,998 14,765 107,999 104,595 7,340 248,873 2007

2008 6,846 11,281 9,321 76,634 132,049 4,613 240,744 2008

2009 5,143 8,837 11,097 83,004 144,669 5,677 258,427 2009

2010 9,334 9,129 10,183 79,869 139,190 5,581 253,286 2010

2011 7,237 8,404 8,547 89,145 174,399 5,963 293,694 2011

2012 8,680 12,650 11,705 97,474 171,760 6,430 308,699 2012

2011 2011

Aug 8,152 6,260 16,586 79,977 139,178 5,901 256,054 Aug

Sep 7,591 6,453 12,691 77,453 146,330 5,900 256,417 Sep

Oct 8,785 7,119 9,364 86,438 137,536 6,290 255,533 Oct

Nov 6,312 8,638 13,391 84,861 144,302 6,288 263,790 Nov

Dec 7,237 8,404 8,547 89,145 174,399 5,963 293,694 Dec

2012 2012

Jan 7,191 8,846 9,410 78,616 164,709 6,426 275,197 Jan

Feb 8,694 11,588 8,250 81,366 169,598 6,839 286,334 Feb

Mar 4,316 11,928 6,497 74,694 162,364 6,597 266,394 Mar

Apr 4,672 11,019 6,802 77,952 168,145 6,966 275,555 Apr

May 4,580 10,497 7,615 77,566 155,019 6,963 262,240 May

Jun 6,801 10,759 7,780 77,412 159,766 6,518 269,036 Jun

Jul 4,627 10,599 6,771 81,245 165,543 6,417 275,200 Jul

Aug 4,887 10,971 6,811 80,641 167,122 6,684 277,115 Aug

Sep 7,672 11,655 7,072 87,767 169,195 6,832 290,193 Sep

Oct 5,346 12,315 7,925 85,105 155,890 6,738 273,318 Oct

Nov 5,610 11,554 10,158 87,822 155,832 6,716 277,692 Nov

Dec 8,680 12,650 11,705 97,474 171,760 6,430 308,699 Dec

2013 2013

Jan 10,636 14,019 12,932 83,803 151,042 6,446 278,877 Jan

Feb 13,726 14,226 22,001 86,646 156,979 6,468 300,046 Feb

Mar 17,507 14,223 26,471 86,378 160,451 6,540 311,570 Mar

Apr 12,966 15,283 25,793 83,365 168,095 6,322 311,824 Apr

May 11,545 16,899 28,073 95,033 160,383 6,788 318,721 May

Jun 13,524 14,202 22,792 99,813 171,044 6,632 328,007 Jun

Jul 13,835 14,312 20,455 100,266 174,287 6,642 329,796 Jul

Aug 14,091 19,403 16,509 113,079 182,311 6,827 352,219 Aug



Money supply M1

NOTE:

57


Local governmentPublic

enterprisesCompanies Households

Non-profit and other organizations

Total(1 to 6)

1 2 3 4 5 6 7

1999 428 456 840 7,386 8,389 1,177 18,676 1999

2000 928 1,557 1,666 11,899 14,667 2,177 32,894 2000

2001 1,634 3,730 3,077 23,644 31,892 4,120 68,097 2001

2002 1,173 5,572 10,344 33,446 55,155 5,206 110,896 2002

2003 1,824 8,119 10,500 42,660 56,389 5,402 124,894 2003

2004 2,805 14,331 14,968 50,575 57,898 5,632 146,209 2004

2005 4,038 17,436 18,601 73,947 70,192 7,966 192,180 2005

2006 10,388 23,550 24,678 115,144 95,190 10,016 278,966 2006

2007 13,745 20,978 31,906 197,946 114,542 11,368 390,485 2007

2008 42,881 24,067 25,376 152,961 142,624 7,116 395,025 2008

2009 39,252 25,177 29,376 177,587 157,069 8,307 436,768 2009

2010 27,981 18,654 27,395 175,575 152,549 8,341 410,495 2010

2011 34,435 19,240 32,399 199,101 193,753 8,986 487,914 2011

2012 33,426 25,279 22,831 199,967 189,390 9,823 480,717 2012

2011 2011

Aug 33,744 20,592 42,002 170,150 154,153 8,723 429,364 Aug

Sep 32,244 20,804 38,703 171,533 161,835 8,722 433,841 Sep

Oct 36,530 23,453 34,475 181,317 152,986 9,254 438,015 Oct

Nov 32,887 25,052 39,100 184,057 161,657 9,425 452,178 Nov

Dec 34,435 19,240 32,399 199,101 193,753 8,986 487,914 Dec

2012 2012

Jan 34,331 22,883 25,224 185,330 186,488 9,433 463,687 Jan

Feb 36,999 26,485 23,286 183,880 190,674 9,815 471,140 Feb

Mar 30,744 27,246 21,176 172,821 183,053 9,973 445,013 Mar

Apr 28,454 25,574 20,410 183,529 188,550 10,276 456,794 Apr

May 28,428 25,931 20,289 183,656 173,306 10,411 442,021 May

Jun 29,354 26,410 19,843 181,928 177,092 9,980 444,606 Jun

Jul 27,887 26,445 19,020 176,988 183,102 10,084 443,525 Jul

Aug 29,034 27,636 19,219 178,998 184,827 10,327 450,040 Aug

Sep 30,574 29,360 18,690 191,260 187,072 10,470 467,426 Sep

Oct 31,063 30,425 19,620 188,629 172,915 10,139 452,791 Oct

Nov 32,021 30,563 21,660 191,342 173,386 9,972 458,944 Nov

Dec 33,426 25,279 22,831 199,967 189,390 9,823 480,717 Dec

2013 2013

Jan 36,178 29,111 24,671 180,071 168,754 9,911 448,696 Jan

Feb 34,433 31,401 33,812 181,464 175,000 10,035 466,145 Feb

Mar 35,473 32,619 38,250 183,126 179,164 10,205 478,837 Mar

Apr 30,796 33,314 37,315 179,925 187,365 10,145 478,859 Apr

May 29,369 35,233 39,412 198,025 180,686 10,613 493,338 May

Jun 29,314 34,081 34,334 192,537 191,741 10,486 492,493 Jun

Jul 29,592 35,396 32,891 189,215 195,980 10,641 493,714 Jul

Aug 30,666 36,829 28,659 205,651 204,771 10,862 517,437 Aug



NOTE:

Money supply M2

August 2013

Table 8


58


Local government Public enterprises Companies HouseholdsNon-profit and

other organizations

Total(1 to 6)

1 2 3 4 5 6 7

1999 540 457 1,086 11,508 8,976 2,379 24,946 1999

2000 1,931 1,566 3,938 35,220 17,675 4,874 65,204 2000

2001 2,400 3,739 4,724 54,086 52,886 7,579 125,414 2001

2002 1,803 5,632 14,152 62,237 101,096 6,571 191,491 2002

2003 3,481 8,205 16,572 83,786 126,127 6,560 244,731 2003

2004 5,152 14,356 23,432 103,956 168,611 7,369 322,876 2004

2005 8,645 17,478 31,660 129,986 260,328 10,773 458,870 2005

2006 18,472 23,561 34,083 190,028 355,851 12,475 634,470 2006

2007 26,501 21,018 39,738 306,509 496,143 13,962 903,871 2007

2008 84,505 24,856 47,890 269,099 557,195 8,606 992,151 2008

2009 91,373 25,337 53,608 299,397 723,246 12,609 1,205,570 2009

2010 82,894 19,194 49,393 314,042 884,616 10,639 1,360,777 2010

2011 73,650 19,895 55,502 370,190 969,390 11,816 1,500,444 2011

2012 69,239 25,578 49,636 385,382 1,099,239 12,730 1,641,804 2012

2011 2011

Aug 70,881 21,613 66,158 336,930 898,904 11,344 1,405,830 Aug

Sep 76,163 21,718 62,186 334,913 905,935 11,265 1,412,180 Sep

Oct 76,678 24,283 57,384 351,668 889,942 12,093 1,412,047 Oct

Nov 71,797 25,798 62,593 350,441 934,708 12,242 1,457,579 Nov

Dec 73,650 19,895 55,502 370,190 969,390 11,816 1,500,444 Dec

2012 2012

Jan 74,588 23,611 48,757 349,431 974,563 12,052 1,483,002 Jan

Feb 76,601 27,215 47,751 347,468 1,011,457 12,328 1,522,822 Feb

Mar 69,299 27,952 46,205 326,556 1,017,305 12,415 1,499,732 Mar

Apr 67,599 26,149 46,367 344,385 1,033,975 12,693 1,531,168 Apr

May 75,671 26,442 47,524 348,184 1,064,027 12,832 1,574,680 May

Jun 70,769 26,884 47,369 365,711 1,065,464 12,437 1,588,633 Jun

Jul 70,462 26,899 47,706 359,598 1,090,117 12,736 1,607,517 Jul

Aug 72,010 28,002 46,827 358,638 1,098,399 13,046 1,616,921 Aug

Sep 70,256 29,779 44,881 371,682 1,077,854 13,133 1,607,585 Sep

Oct 69,179 30,830 46,782 364,071 1,056,613 12,769 1,580,245 Oct

Nov 67,197 30,961 54,306 374,864 1,072,632 12,550 1,612,509 Nov

Dec 69,239 25,578 49,636 385,382 1,099,239 12,730 1,641,804 Dec

2013 2013

Jan 69,895 29,386 50,581 349,571 1,067,828 12,939 1,580,200 Jan

Feb 71,923 31,707 71,009 347,995 1,077,201 13,083 1,612,919 Feb

Mar 68,647 32,915 66,481 354,859 1,086,452 13,298 1,622,652 Mar

Apr 66,027 33,621 64,642 345,830 1,081,568 13,118 1,604,805 Apr

May 70,457 35,498 67,882 370,474 1,085,785 13,720 1,643,816 May

Jun 63,560 34,433 62,872 368,806 1,116,425 13,733 1,659,828 Jun

Jul 64,150 35,752 61,437 367,202 1,119,270 13,682 1,661,493 Jul

Aug 68,837 37,195 56,988 388,535 1,136,809 13,885 1,702,250 Aug

The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force as of 1 July 2008.


NOTE:

Money supply M3


Table 9


59

Short-term Long-termTotal

(1 + 2)Short-term Long-term

Total (4 + 5)

1 2 3 4 5 6 7

1999 418 28 446 515 72 587 1,033 1999

2000 682 32 714 2,865 143 3,008 3,722 2000

2001 1,478 81 1,559 20,626 368 20,994 22,553 2001

2002 3,074 454 3,528 44,532 1,409 45,941 49,469 2002

2003 3,753 480 4,233 66,161 3,577 69,738 73,971 2003

2004 2,783 369 3,152 100,830 9,883 110,713 113,865 2004

2005 2,823 444 3,267 163,160 26,976 190,136 193,403 2005

2006 6,909 642 7,551 214,207 46,454 260,661 268,212 2006

2007 9,688 1,078 10,766 326,557 55,044 381,601 392,367 2007

2008 9,729 846 10,575 363,529 51,041 414,570 425,145 2008

2009 11,612 787 12,400 500,586 65,591 566,177 578,577 2009

2010 9,658 3,702 13,360 614,314 117,755 732,066 745,428 2010

2011 16,351 3,004 19,355 570,836 204,802 775,637 794,992 2011

2012 16,257 1,374 17,630 731,381 178,469 909,849 927,479 2012

2011 2011

Aug 11,386 3,590 14,975 620,032 124,719 744,751 759,726 Aug

Sep 11,882 3,623 15,505 618,551 125,550 744,100 759,605 Sep

Oct 12,333 3,117 15,450 608,473 128,483 736,956 752,406 Oct

Nov 14,433 2,922 17,355 571,394 201,658 773,052 790,406 Nov

Dec 16,351 3,004 19,355 570,836 204,802 775,637 794,992 Dec

2012 2012

Jan 18,682 3,097 21,779 578,142 209,933 788,075 809,855 Jan

Feb 18,763 2,313 21,076 606,358 214,425 820,783 841,859 Feb

Mar 18,452 2,237 20,689 619,698 214,555 834,253 854,942 Mar

Apr 18,322 2,084 20,406 631,571 213,854 845,425 865,831 Apr

May 16,385 1,903 18,288 668,952 221,769 890,721 909,008 May

Jun 15,436 1,890 17,326 671,567 216,806 888,372 905,698 Jun

Jul 15,732 1,828 17,560 690,725 216,290 907,015 924,575 Jul

Aug 15,936 1,769 17,704 697,554 216,018 913,573 931,277 Aug

Sep 16,127 1,750 17,876 683,084 207,698 890,782 908,658 Sep

Oct 15,612 1,414 17,026 670,614 213,083 883,698 900,724 Oct

Nov 16,104 1,449 17,553 720,205 179,042 899,246 916,800 Nov

Dec 16,257 1,374 17,630 731,381 178,469 909,849 927,479 Dec

2013 2013

Jan 16,373 1,339 17,712 726,346 172,729 899,075 916,787 Jan

Feb 16,804 1,218 18,021 733,336 168,864 902,200 920,221 Feb

Mar 17,451 1,261 18,712 736,998 170,291 907,288 926,001 Mar

Apr 17,984 1,286 19,270 726,250 167,954 894,203 913,473 Apr

May 18,966 1,337 20,303 736,216 168,883 905,099 925,402 May

Jun 19,348 1,349 20,697 752,585 172,099 924,684 945,380 Jun

Jul 20,310 1,383 21,693 751,463 171,827 923,290 944,983 Jul

Aug 21,045 1,415 22,460 758,346 173,693 932,039 954,499 Aug

Dinar savings Foreign currency savingsTotal savings

(3 + 6)

NOTE:


August 2013

Table 10

Household Savings with Banks (In million dinars, end of period)

60

Table 10a

Composition of Household Savings with Banks (In million dinars, end of period)

Demand deposits

Up to 1 month

Up to 3 months

Up to 6 months

Up to 1 year

Total(1 to 5)

Up to 2 years

Up to 5 years

Over 5 years

Total(7 to 9)

1 2 3 4 5 6 7 8 9 10 11

2008 3,199 625 1,668 1,472 2,765 9,729 252 467 127 846 10,575

2009 3,334 860 2,612 1,808 2,999 11,612 345 342 100 787 12,400

2010 3,120 690 1,633 1,501 2,713 9,658 3,232 307 163 3,702 13,360

2011 4,710 1,311 2,729 3,270 4,330 16,351 2,458 493 53 3,004 19,355

2012 4,697 1,041 3,037 2,378 5,103 16,257 710 626 39 1,374 17,630

2011

Aug 4,153 798 2,003 1,935 2,497 11,386 3,215 317 58 3,590 14,975

Sep 4,513 1,212 1,739 1,911 2,507 11,882 3,237 330 55 3,623 15,505

Oct 4,441 859 1,961 1,939 3,134 12,333 2,677 386 54 3,117 15,450

Nov 4,415 1,253 1,944 2,821 4,000 14,433 2,407 457 57 2,922 17,355

Dec 4,710 1,311 2,729 3,270 4,330 16,351 2,458 493 53 3,004 19,355

2012

Jan 5,514 1,778 3,125 3,654 4,611 18,682 2,538 508 52 3,097 21,779

Feb 4,853 2,641 3,158 3,150 4,961 18,763 1,739 521 53 2,313 21,076

Mar 4,497 1,523 3,822 3,184 5,426 18,452 1,660 525 52 2,237 20,689

Apr 4,802 2,006 2,863 3,119 5,533 18,322 1,493 539 52 2,084 20,406

May 4,395 1,138 2,931 3,176 4,745 16,385 1,294 557 52 1,903 18,288

Jun 4,273 1,495 2,067 2,903 4,699 15,436 1,278 562 49 1,890 17,326

Jul 4,436 891 2,988 2,738 4,680 15,732 1,216 563 49 1,828 17,560

Aug 4,795 1,095 2,844 2,576 4,625 15,936 1,178 545 46 1,769 17,704

Sep 5,018 1,702 2,234 2,465 4,708 16,127 1,158 547 44 1,750 17,876

Oct 5,061 988 2,642 2,272 4,649 15,612 821 551 41 1,414 17,026

Nov 4,869 1,475 2,118 2,656 4,986 16,104 812 597 40 1,449 17,553

Dec 4,697 1,041 3,037 2,378 5,103 16,257 710 626 39 1,374 17,630

2013

Jan 4,598 1,057 3,266 2,156 5,296 16,373 675 627 37 1,339 17,712

Feb 4,659 1,755 3,161 1,661 5,568 16,804 546 637 35 1,218 18,021

Mar 4,624 796 4,092 1,795 6,144 17,451 561 666 35 1,261 18,712

Apr 4,728 1,806 2,677 2,335 6,439 17,984 574 678 34 1,286 19,270

May 4,827 893 3,225 3,349 6,672 18,966 613 692 33 1,337 20,303

Jun 4,907 1,980 2,156 3,469 6,836 19,348 611 704 34 1,349 20,697

Jul 5,301 864 3,532 3,539 7,074 20,310 631 719 33 1,383 21,693

Aug 5,588 1,014 3,687 3,469 7,287 21,045 643 739 33 1,415 22,460

Short-term

Dinar savings

Total (6 + 10)

Long-term

NOTE:



61

Demand deposits

Up to 1 month

Up to 3 months

Up to 6 months

Up to 1 year

Total(12 to 16)

Up to 2 years

Up to 5 years

Over 5 years

Total(18 to 20)

12 13 14 15 16 17 18 19 20 21 22 23

107,917 4,543 36,256 72,761 142,053 363,529 13,570 19,653 17,819 51,041 414,570 425,145 2008

130,336 4,557 42,600 65,981 257,112 500,586 27,777 21,533 16,281 65,591 566,177 578,577 2009

146,852 4,195 43,320 72,910 347,037 614,314 79,075 25,353 13,326 117,755 732,066 745,428 2010

152,476 4,480 34,591 83,744 295,545 570,836 145,329 50,150 9,323 204,802 775,637 794,992 2011

189,777 6,652 53,976 64,851 416,125 731,381 75,009 95,435 8,025 178,469 909,849 927,479 2012

2011

161,351 5,402 46,742 93,750 312,787 620,032 89,495 24,800 10,424 124,719 744,751 759,726 Aug

166,572 15,585 43,840 86,520 306,034 618,551 90,865 24,673 10,012 125,550 744,100 759,605 Sep

185,832 8,116 36,598 75,445 302,483 608,473 94,161 24,719 9,603 128,483 736,956 752,406 Oct

156,215 7,597 31,147 81,638 294,796 571,394 143,278 48,658 9,722 201,658 773,052 790,406 Nov

152,476 4,480 34,591 83,744 295,545 570,836 145,329 50,150 9,323 204,802 775,637 794,992 Dec

2012

156,881 4,790 33,280 83,282 299,909 578,142 148,341 52,299 9,293 209,933 788,075 809,855 Jan

168,854 9,212 38,857 81,013 308,423 606,358 137,583 67,459 9,383 214,425 820,783 841,859 Feb

169,218 4,451 44,736 83,438 317,855 619,698 136,471 69,081 9,002 214,555 834,253 854,942 Mar

175,578 7,987 41,058 84,118 322,829 631,571 135,281 69,905 8,668 213,854 845,425 865,831 Apr

192,655 5,141 38,781 103,265 329,110 668,952 139,838 73,346 8,585 221,769 890,721 909,008 May

193,220 8,617 36,773 108,030 324,927 671,567 135,651 72,869 8,286 216,806 888,372 905,698 Jun

194,876 4,440 45,305 111,056 335,048 690,725 134,063 74,137 8,090 216,290 907,015 924,575 Jul

198,543 5,090 50,821 103,935 339,166 697,554 132,751 75,497 7,771 216,018 913,573 931,277 Aug

197,950 16,128 43,968 94,349 330,689 683,084 126,815 73,614 7,269 207,698 890,782 908,658 Sep

225,128 8,342 37,284 77,889 321,972 670,614 129,905 76,249 6,930 213,083 883,698 900,724 Oct

187,771 14,579 37,804 74,516 405,534 720,205 78,315 92,873 7,854 179,042 899,246 916,800 Nov

189,777 6,652 53,976 64,851 416,125 731,381 75,009 95,435 8,025 178,469 909,849 927,479 Dec

2013

186,438 5,077 38,608 61,298 434,927 726,346 70,355 94,988 7,387 172,729 899,075 916,787 Jan

191,299 8,659 39,425 54,057 439,896 733,336 65,884 95,624 7,356 168,864 902,200 920,221 Feb

193,300 2,945 36,916 46,906 456,930 736,998 63,290 99,545 7,456 170,291 907,288 926,001 Mar

193,983 7,305 23,274 52,488 449,200 726,250 62,339 98,400 7,215 167,954 894,203 913,473 Apr

209,254 3,114 25,509 60,818 437,522 736,216 62,230 99,453 7,200 168,883 905,099 925,402 May

213,944 6,641 15,525 67,497 448,977 752,585 62,930 101,864 7,304 172,099 924,684 945,380 Jun

213,343 2,702 20,093 69,614 445,712 751,463 62,554 102,085 7,188 171,827 923,290 944,983 Jul

219,219 3,172 21,450 67,839 446,666 758,346 63,642 102,965 7,086 173,693 932,039 954,499 Aug

Foreign currency savings

Total (17 + 21)

Short-termTotal

savings(11 + 22)

Long-term

August 2013

62

Table 11

NBS Interest Rates(Per annum rates, in percentages)

If the bank repaid the Lombard loan on the

business day following the day of its disbursement and if the total number of

days of using such loans in the course of a month is not in excess of 7 business days

If the total number of days of Lombard loan use in the course of a month is

not in excess of 14 business days, provided

that the number of days of uninterrupted use in that period is not in excess of

5 business days

If the total number of days of Lombard loan use in the

course of a month is in excess of 14 business days, provided

that the number of days of uninterrupted use in that period is in excess of 5 business days

1 2 3 4 5 6 7 7a 7b

1997 33.74 - 34.75 - - - 33.74

1998 33.74 - 34.75 - - - 33.74

1999 26.26 - 27.05 - - - 56.90

2000 26.34 - 27.13 - - - 26.34

2001 16.43 - 16.92 - - - 58.69

2002 9.50 - 15.20 - - - 19.00

2003 9.00 - 14.40 - - - 36.00

2004 8.50 - - - - - 34.00

2005 8.50 - - 22.20 25.20 28.20 34.00

2006 8.50 14.00 - 17.00 19.00 21.00 30.00

2007 8.50 10.00 - 12.50 15.00 17.00 26.00

2008 8.50 17.75 - - - - 26.63 12.41

2009 8.08 9.50 - - - - 14.25 10.67

2010 11.50 11.50 - - - - 17.25 11.02 11.02

2011 9.75 9.75 - - - - 14.63 11.18 11.18

2012 11.25 11.25 - - - - 16.88 10.21 -

2011

Aug 11.75 11.75 - - - - 17.63 11.54 11.54

Sep 11.25 11.25 - - - - 16.88 11.58 11.58

Oct 10.75 10.75 - - - - 16.13 11.47 11.47

Nov 10.00 10.00 - - - - 15.00 11.42 11.42

Dec 9.75 9.75 - - - - 14.63 11.18 11.18

2012

Jan 9.50 9.50 - - - - 14.25 11.02 11.02

Feb 9.50 9.50 - - - - 14.25 10.83 10.83

Mar 9.50 9.50 - - - - 14.25 10.74 10.74

Apr 9.50 9.50 - - - - 14.25 10.68 10.68

May 9.50 9.50 - - - - 14.25 10.65 10.65

Jun 10.00 10.00 - - - - 15.00 10.44 10.44

Jul 10.25 10.25 - - - - 15.38 10.32 10.32

Aug 10.50 10.50 - - - - 15.75 10.24 10.24

Sep 10.50 10.50 - - - - 15.75 10.20 -

Oct 10.75 10.75 - - - - 16.13 10.19 -

Nov 10.95 10.95 - - - - 16.43 10.18 -

Dec 11.25 11.25 - - - - 16.88 10.21 -

2013

Jan 11.50 11.50 - - - - 17.25 10.22 -

Feb 11.75 11.75 - - - - 17.63 10.21 -

Mar 11.75 11.75 - - - - 17.63 10.21 -

Apr 11.75 11.75 - - - - 17.63 10.20 -

May 11.25 11.25 - - - - 16.88 10.21 -

Jun 11.00 11.00 - - - - 16.50 10.22 -

Jul 11.00 11.00 - - - - 16.50 10.23 -

Aug 11.00 11.00 - - - - 16.50 10.22 -

7) Interest rate on the amount of interest, which was not paid within the contracted and stipulated period was in force untill 19. october 2012.

6) Emergency loans were abolished on 1 September 2006. As of 23 October 2008, a new Decision on Terms and Conditions of Extending Liquidity Loans to Banks ("RS Official Gazette", No. 96/2008) is in force, until 19 April 2012. As of 20 April 2012, a new Decision on Terms and Conditions of Extending Liquidity Loans to Banks ("RS Official Gazette", No. 31/2012) is in force.

8) On 10 June 2009, the Decision on Adjusting Gross Household Lending to Share Capital of Banks was put out of force.

Key policy

rate1)

On non-allocated leasing required

reserves4a)

Discount rate

On Lombard

loans2)

On Lombard loans3)

On non-allocated

dinar required

reserves4)

9) Until April 2002, deposit interest rate was calculated by applying the prescribed interest rates on allocated required reserve funds.

NOTE: In the months that witnessed changes in interest rates, the interest rates applicable at the end of those particular months were used.

1) As of 1 September 2006, lending and deposit rates of the National Bank of Serbia are set at the level of key policy rate increased/decreased by a certain number of percentage points, as specified by the Decision on interest rates applied by the NBS in the implementation of monetary policy ("RS Official Gazette", nos. 45/2011).

2) Interest rate on Lombard loan is revoked since 11 May 2004. With the enactment of a new Decision on the conditions and manner of extending short-term loans against a collateral of securities, this interest rate was re-introduced and applied from April to 9 November 2005.3) From 10 November 2005 until 31 August 2006, the interest rate on Lombard loans was set at the level of weighted average repo rate increased by 3, 6 or 9 percentage points.4�) A new Decision on Banks' Required Reserves with the National Bank of Serbia in Respect of Foreign Currency Balances Held by Leasing Companies in Special Purpose Accounts with Banks was enacted on 17 April 2010 ("RS Official Gazette", No. 12/2010). On 18 September 2012, this Decision was put out of force.4�) A new Decision on Banks' Required Reserves with the National Bank of Serbia in Respect of Foreign Currency Balances Held by Leasing Companies in Special Purpose Accounts with Banks was enacted on 17 April 2010 ("RS Official Gazette", No. 12/2010). 5) Interest rate on daily liquidity loans was revoked on 10 November 2005 subject to the new Decision on Lombard loans. A new Decision on the conditions and manner of extending daily liquidity credits to banks against a collateral of securities was enacted on 3 June 2008 ("RS Official Gazette", No. 52/2008, 40/2010, 3/2011 and 18/2011).

On non-allocated foreign

currency required

reserves4)

Lending interest rates


63

8 8a 8b 9 10 11 12 13 1453.98 - - 53.98 - 16.87 - 1997

53.98 - - 53.98 - 16.87 - 1998

56.90 - - 42.02 - 13.13 - 1999

26.34 - - 42.14 - 13.17 - 2000

58.69 - - 26.29 - 6.05 - 200119.00 15.20 - 19.00 - 3.32 3.80 200236.00 14.40 - 18.00 - 3.15 3.15 200334.00 21.25 - 25.50 - 2.97 2.97 200434.00 - 17.00 25.50 - 2.98 6.00 200530.00 - - 26.00 - 2.50 11.00 200626.00 - - 22.00 26.00 2.50 7.50 200726.63 12.41 20.25 26.63 29.75 33.75 2.50 15.25 200814.25 10.67 12.00 14.25 21.50 - 2.50 7.00 200917.25 11.02 11.02 14.00 17.25 23.50 - 2.50 9.00 201014.63 11.18 11.18 12.25 14.63 21.75 - 2.50 7.25 201116.88 10.21 - 13.75 14.75 23.25 - 2.50 8.75 2012

2011

17.63 11.54 11.54 14.25 17.63 23.75 - 2.50 9.25 Aug16.88 11.58 11.58 13.75 16.88 23.25 - 2.50 8.75 Sep16.13 11.47 11.47 13.25 16.13 22.75 - 2.50 8.25 Oct15.00 11.42 11.42 12.50 15.00 22.00 - 2.50 7.50 Nov14.63 11.18 11.18 12.25 14.63 21.75 - 2.50 7.25 Dec

201214.25 11.02 11.02 12.00 14.25 21.50 - 2.50 7.00 Jan14.25 10.83 10.83 12.00 14.25 21.50 - 2.50 7.00 Feb14.25 10.74 10.74 12.00 14.25 21.50 - 2.50 7.00 Mar14.25 10.68 10.68 12.00 13.00 21.50 - 2.50 7.00 Apr14.25 10.65 10.65 12.00 13.00 21.50 - 2.50 7.00 May15.00 10.44 10.44 12.50 13.50 22.00 - 2.50 7.50 Jun15.38 10.32 10.32 12.75 13.75 22.25 - 2.50 7.75 Jul15.75 10.24 10.24 13.00 14.00 22.50 - 2.50 8.00 Aug15.75 10.20 - 13.00 14.00 22.50 - 2.50 8.00 Sep16.13 10.19 - 13.25 14.25 22.75 - 2.50 8.25 Oct16.43 10.18 - 13.45 14.45 22.95 - 2.50 8.45 Nov16.88 10.21 - 13.75 14.75 23.25 - 2.50 8.75 Dec

201317.25 10.22 - 14.00 15.00 23.50 - 2.50 9.00 Jan17.63 10.21 - 14.25 15.25 23.75 - 2.50 9.25 Feb17.63 10.21 - 14.25 15.25 23.75 - 2.50 9.25 Mar17.63 10.20 - 14.25 15.25 23.75 - 2.50 9.25 Apr16.88 10.21 - 13.75 14.75 23.25 - 2.50 8.75 May16.50 10.22 - 13.50 14.50 23.00 - 2.50 8.50 Jun16.50 10.23 - 13.50 14.50 23.00 - 2.50 8.50 Jul16.50 10.22 - 13.50 14.50 23.00 - 2.50 8.50 Aug

On the amount of

average daily balance of

allocated dinar required

reserves9)

On incorrectly calculated

dinar required

reserves4)

On the amount of short-term

liquidity

loans6)


leasing required

reserves4a)

Default

interest7)

Deposit interest rates


foreign currency required

reserves4)

On the amount of

excess liquidity of banks with the NBS

Lending interest rates

On the above-zero difference between the prescribed and deposited amounts and between the

correctly calculated and miscalculated

amount that a bank is required to deposit

with the NBS8)

On the amount of daily liquidity

loans5)

August 2013

64


Table 12/1

Weighted Interest Rates on Loans by Type, Maturity and Purpose – Outstanding Amounts(Per annum rates, in percentages; end-of-period)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

2010 Dec 19.42 24.97 37.13 28.46 11.18 5.38 5.40 32.29 22.62 19.85 22.14 12.31 11.82 10.67 10.88 25.08 16.82 11.73 13.25

2011 Dec 18.64 22.26 32.58 25.73 11.66 5.01 5.03 23.88 20.68 20.19 20.66 13.74 9.83 10.29 10.25 21.61 15.86 11.81 12.96

2012 Dec 18.16 22.92 33.79 26.83 15.14 4.57 4.63 18.20 21.97 20.43 20.91 11.96 8.17 10.11 9.85 16.85 15.35 11.99 12.82

2011

Aug 19.06 23.51 34.75 27.35 12.30 5.47 5.49 24.79 21.25 20.23 21.03 12.88 10.41 10.52 10.52 21.84 16.43 11.87 13.15

Sep 18.99 23.59 34.91 27.46 12.35 5.47 5.50 24.68 21.13 20.26 20.96 13.04 10.30 10.50 10.49 22.01 16.35 11.92 16.16

Oct 18.77 23.39 34.99 27.50 12.35 5.35 5.38 24.36 21.06 20.27 20.91 13.06 10.16 10.46 10.44 21.81 16.30 11.95 13.18

Nov 18.68 23.72 34.98 27.77 11.80 5.27 5.29 24.30 21.01 20.27 20.88 13.26 10.02 10.43 10.39 21.85 16.14 11.92 13.11

Dec 18.64 22.26 32.58 25.73 11.66 5.01 5.03 23.88 20.68 20.19 20.66 13.74 9.83 10.29 10.25 21.61 15.86 11.81 12.96

2012

Jan 18.52 22.39 32.29 25.86 11.47 5.00 5.02 23.66 20.35 20.21 20.49 11.73 9.73 10.28 10.21 20.73 15.59 11.80 12.86

Feb 18.41 22.35 32.78 25.98 11.74 4.98 5.00 23.68 20.31 20.20 20.47 11.88 9.62 10.25 10.17 20.58 15.44 11.73 12.76

Mar 18.24 22.27 32.27 25.84 11.62 4.94 4.96 23.04 20.33 20.13 20.42 13.22 9.46 10.20 10.12 20.83 15.32 11.71 12.72

Apr 18.29 22.16 32.54 25.87 11.61 4.86 4.88 22.22 20.20 20.10 20.29 13.76 9.29 10.18 10.08 20.37 15.11 11.71 12.66

May 18.19 22.05 32.37 25.87 11.94 4.85 4.87 21.84 20.40 20.10 20.37 12.89 9.13 10.16 10.04 19.86 15.04 11.69 12.62

Jun 17.92 22.02 32.98 25.99 14.60 4.81 4.87 20.95 20.38 20.04 20.26 13.88 9.00 10.16 10.03 19.48 15.01 11.76 12.67

Jul 18.02 21.81 33.03 25.95 14.77 4.81 4.87 18.60 20.71 20.22 20.32 13.60 8.85 10.23 10.06 17.54 15.04 11.84 12.68

Aug 17.80 22.98 33.26 26.74 15.06 4.76 4.82 18.43 20.88 20.25 20.39 12.31 8.72 10.20 10.01 17.11 15.05 11.84 12.66

Sep 18.14 24 33.54 27.5 15.2 4.71 4.77 18.81 21.06 20.29 20.51 16.64 8.59 10.18 10 18.3 15.14 11.91 12.78

Oct 18.09 24.50 32.66 27.45 15.70 4.63 4.71 19.13 21.50 20.38 20.77 16.37 8.43 10.26 10.05 18.54 15.31 12.04 12.91

Nov 17.92 25.78 34.09 28.74 15.19 4.62 4.69 19.57 21.69 20.39 20.88 16.45 8.29 10.14 9.93 18.86 15.31 11.98 12.87

Dec 18.16 22.92 33.79 26.83 15.14 4.57 4.63 18.20 21.97 20.43 20.91 11.96 8.17 10.11 9.85 16.85 15.35 11.99 12.82

2013

Jan 18.03 23.00 35.48 27.73 15.12 4.57 4.63 18.31 22.53 20.47 21.16 11.95 8.08 10.09 9.83 16.81 15.59 12.02 12.89

Feb 17.99 23.58 36.40 28.35 15.09 4.56 4.62 17.85 22.77 20.49 21.22 11.54 8.00 10.07 9.80 16.28 15.61 12.04 12.89

Mar 17.78 22.72 35.82 27.75 15.05 4.55 4.62 16.83 23.07 20.52 21.25 11.53 7.78 10.05 9.74 15.52 15.44 12.05 12.85

Apr 17.85 22.61 36.19 27.79 15.07 4.56 4.62 15.74 23.41 20.48 21.24 11.78 7.50 9.97 9.60 14.85 15.03 12.01 12.73

May 17.88 23.65 35.62 28.36 15.08 4.56 4.62 15.66 23.66 20.46 21.29 11.64 7.35 9.88 9.49 14.72 14.76 11.92 12.60

Jun 17.28 22.87 34.90 27.51 15.02 4.54 4.60 15.60 23.88 20.44 21.31 11.89 7.21 9.78 9.38 14.61 14.47 11.79 12.44

Jul 17.18 22.74 35.43 27.74 15.09 4.55 4.60 15.38 24.03 20.24 21.21 11.40 7.08 9.70 9.28 14.42 14.34 11.70 12.34

Aug 17.02 22.40 35.39 27.49 15.01 4.56 4.61 15.20 24.30 20.25 21.28 10.56 7.02 9.64 9.21 13.93 14.34 11.67 12.32

Total

Loans to households and NPISH1)

Over 5 years

Consumer loans

Up to 1 year

Over 1 and up

to 5 years

Over 5 years

Credit card debt

Current account overdraft

Total

Total Up to 1 year

Over 1 and up

to 5 years

Over 5 years

RSD

Indexed to FX

and FX loans

Total

Housing loans

Revolving loans

Over 1 and up

to 5 years

RSD Indexed to FX and FX loans

Up to 1 year

1) NPISH – Non-profit institutions serving households.

NOTES: - Interest rates on outstanding amounts and new business for revolving loans, credit card debt and overdrafts coincide. - The data was revised from 31.08.2012. to 30.04.2013 year .

Total

65

August 2013

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

14.35 18.91 21.46 19.02 12.73 15.42 13.77 14.13 13.97 17.78 15.67 16.38 19.21 8.19 10.42 12.30 Dec 2010

16.23 19.06 21.11 19.76 13.02 14.43 12.84 13.25 15.22 17.96 16.76 17.19 19.77 7.16 10.49 12.03 Dec 2011

18.05 20.62 21.16 20.75 13.97 12.55 11.83 12.17 16.82 18.56 17.85 18.05 20.69 6.20 10.41 12.06 Dec 2012

2011

16.56 19.55 21.69 20.14 12.85 14.76 13.50 13.78 15.52 18.33 16.76 17.34 20.15 7.80 10.83 12.58 Aug

16.70 19.50 21.63 20.14 12.69 14.66 13.47 13.73 15.51 18.31 16.90 17.42 20.14 7.75 10.90 12.65 Sep

16.72 19.42 21.42 20.05 12.68 14.59 13.36 13.64 15.49 18.27 16.95 17.44 20.06 7.59 10.87 12.66 Oct

17.16 19.31 21.25 19.93 12.79 14.51 13.30 13.59 16.01 18.16 16.93 17.39 19.95 7.48 10.77 12.50 Nov

16.23 19.06 21.11 19.76 13.02 14.43 12.84 13.25 15.22 17.96 16.76 17.19 19.77 7.16 10.49 12.03 Dec

2012

16.24 19.08 20.95 19.73 12.47 14.37 12.73 13.14 15.03 17.95 16.68 17.13 19.73 7.08 10.37 11.95 Jan

15.95 19.08 20.76 19.65 12.25 14.23 12.75 13.11 14.75 17.89 16.67 17.08 19.65 7.01 10.25 11.80 Feb

17.03 19.24 20.69 19.77 12.99 14.09 12.67 13.05 15.75 18.00 16.75 17.20 19.76 6.92 10.26 11.81 Mar

17.21 19.32 20.63 19.78 13.24 13.93 12.57 12.95 16.06 18.04 16.81 17.26 19.77 6.80 10.24 11.78 Apr

16.76 19.35 20.60 19.75 12.76 13.89 12.52 12.88 15.68 18.06 16.85 17.26 19.74 6.73 10.18 11.72 May

16.43 19.28 20.54 19.66 13.86 13.85 12.37 12.81 15.83 18.05 16.92 17.29 19.63 6.64 10.22 11.77 Jun

16.68 19.61 20.91 20.00 13.60 13.89 12.26 12.73 16.01 18.32 17.20 17.56 19.95 6.59 10.32 11.86 Jul

17.21 19.87 20.95 20.20 12.88 13.87 12.20 12.65 16.25 18.52 17.32 17.71 20.15 6.49 10.33 11.95 Aug

17.82 19.98 21.05 20.4 15.28 13.37 12.13 12.6 17.24 18.47 17.55 17.9 20.3 6.44 10.45 12.17 Sep

18.27 20.30 21.12 20.57 15.64 12.85 12.07 12.47 17.61 18.51 17.74 18.02 20.53 6.35 10.52 12.28 Oct

19.40 20.38 21.14 20.72 16.43 12.57 12.01 12.42 18.56 18.43 17.85 18.12 20.66 6.32 10.54 12.42 Nov

18.05 20.62 21.16 20.75 13.97 12.55 11.83 12.17 16.82 18.56 17.85 18.05 20.69 6.20 10.41 12.06 Dec

2013

18.43 20.77 21.06 20.78 14.02 12.54 11.82 12.18 17.03 18.69 17.94 18.16 20.73 6.18 10.50 12.30 Jan

18.65 20.94 21.07 20.87 14.07 12.38 11.75 12.11 17.14 18.73 18.00 18.21 20.82 6.14 10.51 12.33 Feb

18.66 21.06 20.99 20.88 14.22 12.08 11.69 12.00 17.09 18.61 18.03 18.18 20.83 6.13 10.53 12.27 Mar

18.77 21.13 20.74 20.78 14.31 12.24 11.69 12.09 17.07 18.73 18.03 18.23 20.74 6.12 10.60 12.33 Apr

18.83 21.16 20.62 20.72 14.29 12.30 11.62 12.08 17.02 18.76 18.00 18.21 20.69 6.11 10.59 12.44 May

18.97 21.10 20.37 20.56 14.10 12.21 11.56 12.02 16.94 18.64 17.86 18.08 20.53 6.06 10.48 12.19 Jun

19.13 20.98 19.95 20.28 14.12 12.33 11.45 12.00 17.03 18.62 17.60 17.93 20.27 6.04 10.45 12.21 Jul

18.83 21.02 19.89 20.24 14.08 12.41 11.38 11.98 16.86 18.69 17.59 17.93 20.23 6.04 10.47 12.19 Aug

Over 5 years

Total

Over 1 and up

to 5 years

Over 1 and up

to 5 years

Up to 1 year

Indexed to FX and FX loans

Over 5 years

Total

RSD(5,11

and 23)

Housing, consumer and other loans

Up to 1 year


Over 1 and up

to 5 years

Up to 1 year

Total

Total

Indexed to FX

and Fx loans(6,15

and 27)

Over 5 years

Other loans

Total loans to

households and NPISH(4 and 34)

RSD

66

Table 12/2

Weighted Interest Rates on Loans by Type, Maturity and Purpose – Outstanding Amounts(Per annum rates, in percentages; end-of-period)

Current assets

Exports Investment

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

2010 Dec 19.42 24.97 37.13 28.46 19.21 8.19 10.42 12.30 11.81 22.83 18.48 13.32 12.95 9.09 7.28 17.10 13.23 15.59

2011 Dec 18.64 22.26 32.58 25.73 19.77 7.16 10.49 12.03 10.07 15.53 13.47 10.98 11.30 9.13 7.25 16.51 13.13 13.78

2012 Dec 18.16 22.92 33.79 26.83 20.69 6.20 10.41 12.06 9.11 13.74 16.86 10.90 11.97 8.52 6.26 16.89 19.61 15.68

2011

Aug 19.06 23.51 34.75 27.35 20.15 7.80 10.83 12.58 10.78 15.32 18.45 12.83 12.28 9.46 7.45 16.79 14.99 15.27

Sep 18.99 23.59 34.91 27.46 20.14 7.75 10.90 12.65 10.75 14.71 18.24 12.81 12.06 9.38 7.38 16.77 14.71 15.19

Oct 18.77 23.39 34.99 27.50 20.06 7.59 10.87 12.66 10.75 15.39 17.82 12.79 11.84 9.27 7.40 16.85 14.49 14.40

Nov 18.68 23.72 34.98 27.77 19.95 7.48 10.77 12.50 10.10 15.56 14.03 11.19 11.70 9.19 7.35 16.76 14.21 14.07

Dec 18.64 22.26 32.58 25.73 19.77 7.16 10.49 12.03 10.07 15.53 13.47 10.98 11.30 9.13 7.25 16.51 13.13 13.78

2012

Jan 18.52 22.39 32.29 25.86 19.73 7.08 10.37 11.95 9.60 14.64 13.48 10.59 11.23 8.77 7.17 16.09 12.83 13.69

Feb 18.41 22.35 32.78 25.98 19.65 7.01 10.25 11.80 9.37 14.76 16.37 11.28 11.01 8.50 7.00 16.56 12.82 13.88

Mar 18.24 22.27 32.27 25.84 19.76 6.92 10.26 11.81 9.33 14.38 17.29 11.55 11.49 8.54 6.92 17.16 12.78 13.97

Apr 18.29 22.16 32.54 25.87 19.77 6.80 10.24 11.78 9.42 14.56 18.02 11.83 12.04 8.51 6.82 17.50 12.50 14.17

May 18.19 22.05 32.37 25.87 19.74 6.73 10.18 11.72 9.36 13.48 16.21 11.35 11.74 8.44 6.85 17.17 16.38 14.24

Jun 17.92 22.02 32.98 25.99 19.63 6.64 10.22 11.77 9.76 14.45 17.39 11.85 12.21 8.49 6.70 17.26 22.83 15.62

Jul 18.02 21.81 33.03 25.95 19.95 6.59 10.32 11.86 9.43 13.90 17.64 11.45 11.90 8.33 6.66 17.45 20.59 15.27

Aug 17.80 22.98 33.26 26.74 20.15 6.49 10.33 11.95 9.38 13.37 17.13 11.33 11.62 8.28 6.61 17.24 25.50 16.07

Sep 18.14 24.00 33.54 27.47 20.3 6.44 10.45 12.17 9.37 17.22 17.68 11.47 12.66 8.56 6.49 17.38 20.45 15.87

Oct 18.09 24.50 32.66 27.45 20.53 6.35 10.52 12.28 9.11 18.76 15.53 10.75 13.58 8.59 6.29 18.23 20.75 15.74

Nov 17.92 25.78 34.09 28.74 20.66 6.32 10.54 12.42 9.00 23.44 17.14 11.06 13.03 8.62 6.33 17.64 19.96 15.43

Dec 18.16 22.92 33.79 26.83 20.69 6.20 10.41 12.06 9.11 13.74 16.86 10.90 11.97 8.52 6.26 16.89 19.61 15.68

2013

Jan 18.03 23.00 35.48 27.73 20.73 6.18 10.50 12.30 9.06 16.35 17.76 11.09 12.01 8.57 6.24 16.67 19.37 15.58

Feb 17.99 23.58 36.40 28.35 20.82 6.14 10.51 12.33 9.13 16.42 17.71 11.09 11.77 8.58 6.21 16.69 20.56 15.18

Mar 17.78 22.72 35.82 27.75 20.83 6.13 10.53 12.27 9.19 15.19 17.27 11.16 11.78 8.68 6.18 16.82 15.64 15.60

Apr 17.85 22.61 36.19 27.79 20.74 6.12 10.60 12.33 8.81 16.46 17.37 10.92 11.95 8.75 6.17 17.07 15.65 15.76

May 17.88 23.65 35.62 28.36 20.69 6.11 10.59 12.44 8.52 16.15 16.69 10.52 11.73 8.53 6.12 17.04 15.34 15.58

Jun 17.28 22.87 34.90 27.51 20.53 6.06 10.48 12.19 8.48 14.88 16.26 10.33 10.97 8.46 6.04 16.21 15.58 16.19

Jul 17.18 22.74 35.43 27.74 20.27 6.04 10.45 12.21 8.27 15.77 16.09 10.12 10.87 8.57 5.97 16.16 12.81 15.69

Aug 17.02 22.40 35.39 27.49 20.23 6.04 10.47 12.19 8.21 15.49 15.50 10.05 10.60 8.41 5.96 16.20 12.32 15.53


Revolvingloans

RSD Up to 1 year


Total

Indexed to FX

and Fx loans

Credit card debt


Total loans to

households and NPISH (4 and 7)

TotalTotalRevolving

loans

Credit card debt

NOTES: Interest rates on outstanding amounts and new business for revolving loans, credit card debt and overdrafts coincide. - The data was revised from 31.08.2012. to 30.04.2013 year .

Non-indexed

Loans by purpose

RSD

Over 5

years


Loans by maturity

Over 1 and up

to 5 years

Loans to non-financial corporations

2) Does not include revolving loans, credit cards and overdrafts.



67

Other Total Current assets

Exports Investment Other Total

19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

14.56 16.07 9.07 9.98 7.66 8.28 8.29 10.44 7.69 5.50 6.59 10.23 10.61 17.17 8.17 10.31 11.29 Dec 2010

13.42 15.30 8.07 6.16 7.59 8.12 7.81 9.18 7.42 5.05 6.28 9.04 9.31 17.67 7.50 9.66 10.44 Dec 2011

15.29 16.27 7.54 7.68 6.69 6.78 7.05 8.60 6.77 6.00 6.27 8.44 8.75 18.74 6.70 9.24 10.07 Dec 2012

2011

14.62 15.98 8.62 6.18 7.79 8.18 8.05 9.84 7.93 5.59 6.85 9.70 10.11 17.89 7.90 10.18 11.15 Aug

14.52 15.94 8.44 6.20 7.79 8.08 7.99 9.70 7.48 5.50 6.57 9.55 9.99 17.95 7.84 10.13 11.10 Sep

14.11 15.80 8.27 6.12 7.76 8.16 7.95 9.53 7.53 5.64 6.67 9.40 9.86 17.97 7.76 10.03 11.05 Oct

13.77 15.60 8.35 6.14 7.75 8.23 7.99 9.41 7.79 5.14 6.56 9.27 9.54 17.91 7.73 9.92 10.79 Nov

13.42 15.30 8.07 6.16 7.59 8.12 7.81 9.18 7.42 5.05 6.28 9.04 9.31 17.67 7.50 9.66 10.44 Dec

2012

13.39 15.03 7.98 6.08 7.45 7.98 7.70 8.97 7.47 6.19 6.77 8.84 9.08 17.54 7.41 9.48 10.26 Jan

12.30 14.72 7.81 6.16 7.32 7.62 7.51 8.72 7.46 6.28 6.80 8.60 8.99 17.38 7.28 9.29 10.13 Feb

14.17 15.61 7.80 6.12 7.20 7.64 7.48 8.82 7.41 6.63 6.96 8.71 9.12 17.89 7.24 9.36 10.21 Mar

14.34 15.91 7.81 7.68 7.13 7.62 7.48 8.91 7.44 6.66 7.00 8.79 9.23 18.03 7.19 9.40 10.27 Apr

14.66 15.84 7.67 8.31 7.13 7.67 7.45 8.85 7.12 6.54 6.76 8.70 9.08 18.00 7.13 9.32 10.16 May

14.86 16.18 7.79 9.10 7.14 7.53 7.46 8.93 7.29 6.75 6.96 8.80 9.23 18.13 7.11 9.40 10.28 Jun

14.86 16.23 7.67 9.17 6.94 7.36 7.30 8.79 6.99 6.50 6.68 8.64 9.06 18.33 6.99 9.34 10.19 Jul

14.97 16.24 7.50 8.86 6.89 7.17 7.17 8.68 6.98 6.38 6.59 8.53 8.94 18.46 6.88 9.28 10.16 Aug

15.44 16.55 7.88 8.33 6.93 7.22 7.36 8.94 7.11 6.52 6.74 8.79 9.18 18.64 6.99 9.47 10.37 Sep

15.59 17.12 8.06 8.68 6.77 7.06 7.35 9.12 7.14 6.50 6.73 8.96 9.22 18.99 6.94 9.60 10.44 Oct

15.38 16.65 7.86 7.82 6.78 7.13 7.30 8.87 7.05 6.36 6.60 8.72 9.03 18.90 6.91 9.45 10.37 Nov

15.29 16.27 7.54 7.68 6.69 6.78 7.05 8.60 6.77 6.00 6.27 8.44 8.75 18.74 6.70 9.24 10.07 Dec

2013

14.97 15.99 7.62 7.62 6.70 6.71 7.08 8.60 6.77 5.97 6.25 8.45 8.78 18.65 6.71 9.28 10.19 Jan

14.86 15.89 7.53 7.57 6.66 6.57 7.00 8.51 6.46 6.04 6.18 8.36 8.69 18.67 6.65 9.24 10.16 Feb

14.90 16.00 7.50 7.52 6.65 6.59 7.01 8.53 6.54 5.91 6.12 8.37 8.69 18.72 6.64 9.25 10.13 Mar

14.65 16.08 7.73 7.88 6.67 6.50 7.09 8.60 6.53 5.87 6.10 8.44 8.72 18.76 6.69 9.32 10.19 Apr

14.29 15.88 7.42 7.88 6.57 6.41 6.91 8.34 6.50 6.50 6.50 8.21 8.49 18.76 6.59 9.21 10.12 May

15.09 15.79 7.34 6.98 6.40 6.38 6.78 8.12 6.26 6.50 6.42 8.00 8.29 18.71 6.50 9.05 9.91 Jun

15.14 15.71 7.38 7.92 6.48 6.40 6.85 8.17 6.25 6.23 6.23 8.04 8.31 18.56 6.52 9.07 9.95 Jul

15.04 15.68 7.25 7.89 6.44 6.38 6.77 8.07 5.71 6.23 6.04 7.92 8.20 18.56 6.46 9.01 9.88 Aug

FX

Total loans to

households including

NPISH, and non-financial corporations

(7 and 30)2)Imports Total

Non-indexed

Loans by purpose

Total(20 and 25)

Other

Indexed to FX


Total(26 and 29

= 13,14 and 15)

Total loans

to non-financial

corporations(12 and 30)

Total non-indexed

loans to households

including NPISH, and non-financial corporations

(5 and 20)2)

RSD

Total loans to


NPISH, and non-financial corporations(8 and 31)

Total indexed to FX

and FXloans to



(6,25 and 29)2)

August 2013

68


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

2010 Dec 19.42 24.97 37.13 28.46 21.64 5.62 5.66 6.24 - - - 25.05 - - - 9.90 - - - 16.53

2011 Dec 18.64 22.26 32.58 25.73 21.69 3.97 3.98 4.46 - - - 24.23 - - - 9.16 - - - 17.94

2012 Dec 18.16 22.92 33.79 26.83 18.01 4.76 4.85 5.65 15.18 28.68 21.81 23.56 8.88 5.73 9.67 7.35 15.00 19.17 16.68 17.70

2011

Aug 19.06 23.51 34.75 27.35 20.30 5.92 6.02 6.84 - - - 20.73 - - - 9.30 - - - 17.25

Sep 18.99 23.59 34.91 27.46 21.34 5.96 6.03 6.89 - - - 23.65 - - - 9.13 - - - 19.09

Oct 18.77 23.39 34.99 27.50 22.86 5.45 5.50 6.28 - - - 23.14 - - - 9.08 - - - 18.51

Nov 18.68 23.72 34.98 27.77 22.48 4.45 4.45 5.68 - - - 23.74 - - - 8.55 - - - 18.56

Dec 18.64 22.26 32.58 25.73 21.69 3.97 3.98 4.46 - - - 24.23 - - - 9.16 - - - 17.94

2012

Jan 18.52 22.39 32.29 25.86 12.03 5.73 5.73 6.69 - - - 24.58 - - - 8.62 - - - 18.02

Feb 18.41 22.35 32.78 25.98 24.42 5.42 5.43 6.04 20.86 28.17 20.30 23.24 10.37 7.61 9.66 8.51 20.54 18.69 16.43 18.09

Mar 18.24 22.27 32.27 25.84 21.85 5.01 5.03 5.49 19.71 27.68 19.32 22.22 9.55 6.80 9.94 8.10 19.50 16.24 15.37 16.44

Apr 18.29 22.16 32.54 25.87 19.42 5.42 5.44 6.17 18.06 27.20 19.88 22.05 9.39 6.58 9.37 7.68 17.96 17.19 15.88 16.84

May 18.19 22.05 32.37 25.87 13.64 5.48 5.87 6.64 18.06 26.39 20.20 22.02 9.23 6.68 9.46 7.70 17.78 16.90 16.65 16.94

Jun 17.92 22.02 32.98 25.99 16.37 5.35 7.22 8.04 15.31 21.71 19.29 19.28 10.72 7.00 9.51 7.90 15.25 15.96 17.14 16.33

Jul 18.02 21.81 33.03 25.95 16.21 5.30 6.94 7.84 15.23 27.28 21.34 22.19 9.72 6.55 9.56 7.60 15.15 18.28 17.88 17.62

Aug 17.80 22.98 33.26 26.74 17.47 5.26 5.35 6.05 14.21 28.62 21.38 22.39 10.58 5.99 9.33 7.24 14.18 19.09 17.09 17.51

Sep 18.14 24.00 33.54 27.47 16.96 4.99 5.24 6.00 16.80 27.84 21.14 23.42 10.11 6.20 8.87 7.12 16.63 18.60 16.84 17.76

Oct 18.09 24.50 32.66 27.45 16.66 4.95 5.22 5.96 18.95 28.26 20.61 23.81 9.70 6.64 9.30 7.59 18.72 19.09 16.56 18.19

Nov 17.92 25.78 34.09 28.74 17.20 4.80 4.93 5.66 17.46 28.63 20.79 23.74 9.51 6.13 9.19 7.03 17.33 18.35 17.01 17.79

Dec 18.16 22.92 33.79 26.83 18.01 4.76 4.85 5.65 15.18 28.68 21.81 23.56 8.88 5.73 9.67 7.35 15.00 19.17 16.68 17.70

2013

Jan 18.03 23.00 35.48 27.73 16.88 4.93 5.02 5.73 16.34 29.08 21.63 23.92 8.34 6.86 9.72 7.81 16.16 18.92 17.19 17.97

Feb 17.99 23.58 36.40 28.35 17.99 4.89 5.01 5.78 13.24 27.98 21.11 22.77 13.49 8.89 8.68 9.26 13.34 14.61 16.67 14.92

Mar 17.78 22.72 35.82 27.75 17.87 4.98 5.09 5.79 11.22 27.59 21.59 21.75 12.60 8.54 8.89 9.05 11.74 14.95 15.83 14.75

Apr 17.85 22.61 36.19 27.79 17.89 4.90 5.02 5.99 10.37 26.90 20.74 20.84 12.39 5.98 6.89 6.39 10.39 11.46 11.31 11.32

May 17.88 23.65 35.62 28.36 17.79 4.81 4.91 5.51 13.61 27.09 21.26 22.05 9.77 5.97 6.27 6.16 13.49 13.30 9.87 11.59

Jun 17.28 22.87 34.90 27.51 17.39 4.90 5.02 5.69 5.75 27.32 23.02 21.31 4.66 5.66 6.38 6.11 5.72 13.81 8.58 10.57

Jul 17.18 22.74 35.43 27.74 17.23 4.76 4.85 5.54 13.71 26.91 21.56 22.53 7.21 5.80 6.79 6.41 13.59 15.86 10.93 13.24

Aug 17.02 22.40 35.39 27.49 16.92 4.95 5.10 5.78 13.35 26.56 21.22 22.19 5.93 6.46 6.63 6.49 10.98 16.54 11.67 13.92

RSD

Indexed to FX

and FX loans


Housing loans -

effective interest rate for

statistical purposes

Consumer loans

Total

Up to 1 year

1) NIPSH – Non-profit institutions serving households.

Total

RSD Indexed to FX and FX loans

Over 1 and up

to 5 years

Over 5 years

Over 5 years

Total

Total

Housing loans

Revolving loans

Credit card debt

Current account overdraft Total

Up to 1 year

Up to 1 year


Over 5 years

Over 1 and up

to 5 years

Over 1 and up

to 5 years

Table 12a/1

Weighted Interest Rates on Loans by Type, Maturity and Purpose – New Business (Per annum rates, in percentages; period average rate)

69

August 2013

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37

17.42 - - - 21.46 - - - 12.20 - - - 18.40 21.71 8.02 13.68 24.98 Dec 2010

19.38 - - - 19.49 - - - 14.15 - - - 17.58 19.67 6.47 10.54 20.51 Dec 2011

18.96 18.43 22.74 21.13 21.46 12.86 14.68 10.77 13.28 16.18 20.53 19.72 19.51 21.51 7.79 15.14 24.58 Dec 2012

2011

18.04 - - - 20.30 - - - 13.50 - - - 19.01 20.33 8.39 15.35 24.90 Aug

20.03 - - - 19.86 - - - 13.42 - - - 18.89 20.01 8.35 15.86 25.02 Sep

19.52 - - - 19.54 - - - 12.69 - - - 18.50 19.69 7.84 15.50 24.78 Oct

19.67 - - - 18.70 - - - 11.94 - - - 17.18 18.90 5.06 8.12 19.51 Nov

19.38 - - - 19.49 - - - 14.15 - - - 17.58 19.67 6.47 10.54 20.51 Dec

2012

19.61 - - - 21.81 - - - 12.86 - - - 19.60 21.90 8.76 16.20 24.37 Jan

19.58 16.22 22.54 20.56 20.90 10.75 14.32 11.66 12.66 14.35 20.59 18.84 18.97 20.99 7.97 14.97 24.28 Feb

17.78 17.22 22.64 20.22 20.76 10.21 13.69 10.31 11.43 15.70 21.00 17.87 18.78 20.82 7.11 14.58 23.06 Mar

18.19 15.60 21.46 20.11 19.79 9.89 14.03 11.59 12.29 14.70 20.32 18.88 18.66 19.89 7.81 15.74 23.95 Apr

18.44 14.39 20.61 19.78 19.14 10.74 13.42 11.38 12.19 13.92 19.58 18.66 18.19 19.14 7.31 14.78 23.44 May

17.10 15.63 19.44 19.91 18.98 12.19 15.72 10.25 12.85 15.22 18.89 18.47 18.10 18.80 7.60 14.99 23.26 Jun

18.52 15.76 20.44 20.51 19.87 13.08 15.76 11.29 13.71 15.31 19.64 19.41 18.96 19.73 7.98 15.80 23.66 Jul

19.19 17.09 21.62 20.68 20.66 11.70 15.00 11.58 13.17 15.53 20.28 19.42 19.28 20.71 7.80 15.41 24.35 Aug

19.53 18.39 21.59 21.01 21.00 13.62 10.04 11.17 10.78 16.78 17.67 20.02 18.47 21.05 7.71 15.62 25.06 Sep

19.68 17.28 21.75 21.13 20.98 14.77 10.37 9.09 10.82 16.36 17.61 19.43 18.19 21.04 8.26 15.95 24.94 Oct

19.35 18.39 22.44 21.13 21.39 14.71 10.96 11.22 11.62 16.95 17.88 19.87 18.53 21.45 7.86 15.01 26.04 Nov

18.96 18.43 22.74 21.13 21.46 12.86 14.68 10.77 13.28 16.18 20.53 19.72 19.51 21.51 7.79 15.14 24.58 Dec

2013

19.54 22.03 22.68 20.90 21.80 12.73 14.90 10.34 12.94 20.01 20.81 19.18 19.99 21.85 7.98 16.26 25.88 Jan

15.92 22.34 22.46 20.77 21.71 13.54 11.86 10.62 11.88 20.58 19.61 19.67 19.80 21.73 8.34 17.11 26.12 Feb

15.97 21.55 21.85 20.26 21.07 14.02 10.79 10.56 11.27 19.66 18.17 19.37 18.86 21.08 8.47 16.60 25.02 Mar

12.46 20.49 21.73 19.91 20.70 13.18 12.00 10.27 11.85 18.26 19.44 18.76 18.96 20.70 8.09 16.26 24.51 Apr

12.60 20.27 21.79 19.61 20.52 13.33 13.42 8.33 11.90 18.29 19.94 18.11 18.84 20.55 7.92 16.02 25.57 May

11.57 20.44 21.66 19.47 20.43 11.81 11.73 9.04 10.93 18.37 18.93 17.93 18.40 20.44 7.53 15.45 24.71 Jun

14.35 20.65 21.18 19.31 20.20 12.67 12.74 8.86 11.39 18.97 19.34 17.95 18.64 20.26 7.41 15.74 24.84 Jul

15.40 20.71 21.26 19.28 20.24 12.36 12.55 9.45 11.64 18.73 19.09 18.07 18.59 20.28 7.84 15.84 25.02 Aug

Over 5 years

Total Up to 1 year

Consumer loans -

effective interest rate for

statistical purposes

Over 1 and up

to 5 years

Over 1 and up

to 5 years

Over 5 years


Other loans

Total

Total


Total loans to


RSD(5,12

and 25)

Indexed to FX

and Fx loans (6,16

and 29)

RSD

Over 1 and up

to 5 years


Over 5 years

Total Up to 1 year

Up to 1 year

70

Table 12a/2

Weighted Interest Rates on Loans by Type, Maturity and Purpose – New Business (Per annum rates, in percentages; period average rate)

Current assets


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

2010 Dec 19.42 24.97 37.13 28.46 21.71 8.02 13.68 24.98 11.81 22.83 18.48 13.32 - - - 17.69 15.15 15.58 14.87 16.49

2011 Dec 18.64 22.26 32.58 25.73 19.67 6.47 10.54 20.51 10.07 15.53 13.47 10.98 - - - 17.49 - 16.18 14.01 16.17

2012 Dec 18.16 22.92 33.79 26.83 21.51 7.79 15.14 24.58 9.11 13.74 16.86 10.90 12.98 8.23 6.61 17.10 18.32 16.34 16.83 17.01

2011

Aug 19.06 23.51 34.75 27.35 20.33 8.39 15.35 24.90 10.78 15.32 18.45 12.83 - - - 15.92 - 14.47 16.54 15.96

Sep 18.99 23.59 34.91 27.46 20.01 8.35 15.86 25.02 10.75 14.71 18.24 12.81 - - - 18.26 13.00 17.03 15.65 17.51

Oct 18.77 23.39 34.99 27.50 19.69 7.84 15.50 24.78 10.75 15.39 17.82 12.79 - - - 18.80 - 15.74 15.95 18.16

Nov 18.68 23.72 34.98 27.77 18.90 5.06 8.12 19.51 10.10 15.56 14.03 11.19 - - - 17.68 18.00 14.51 15.41 16.50

Dec 18.64 22.26 32.58 25.73 19.67 6.47 10.54 20.51 10.07 15.53 13.47 10.98 - - - 17.49 - 16.18 14.01 16.17

2012

Jan 18.52 22.39 32.29 25.86 21.90 8.76 16.20 24.37 9.60 14.64 13.48 10.59 - - - 14.92 - 7.02 14.17 14.25

Feb 18.41 22.35 32.78 25.98 20.99 7.97 14.97 24.28 9.37 14.76 16.37 11.28 13.70 9.92 7.18 17.30 - 14.20 16.07 16.42

Mar 18.24 22.27 32.27 25.84 20.82 7.11 14.58 23.06 9.33 14.38 17.29 11.55 13.30 9.09 8.04 17.25 13.18 14.18 17.09 16.78

Apr 18.29 22.16 32.54 25.87 19.89 7.81 15.74 23.95 9.42 14.56 18.02 11.83 13.93 10.47 8.70 17.72 - 15.92 17.00 17.39

May 18.19 22.05 32.37 25.87 19.14 7.31 14.78 23.44 9.36 13.48 16.21 11.35 13.89 8.36 7.91 18.43 - 15.98 16.34 17.48

Jun 17.92 22.02 32.98 25.99 18.80 7.60 14.99 23.26 9.76 14.45 17.39 11.85 13.03 9.59 6.61 17.25 - 18.42 15.53 16.55

Jul 18.02 21.81 33.03 25.95 19.73 7.98 15.80 23.66 9.43 13.90 17.64 11.45 12.83 8.54 6.34 18.06 - 16.14 16.85 17.59

Aug 17.80 22.98 33.26 26.74 20.71 7.79 15.41 24.35 9.38 13.37 17.13 11.33 12.47 10.47 8.33 18.77 - 17.54 16.83 17.92

Sep 18.14 24.00 33.54 27.47 21.05 7.70 15.62 25.06 9.37 17.22 17.68 11.47 13.00 9.91 6.84 17.53 20.45 16.85 16.75 17.35

Oct 18.09 24.50 32.66 27.45 21.04 8.25 15.95 24.94 9.11 18.76 15.53 10.75 14.11 10.07 6.48 18.50 20.75 16.16 15.74 17.62

Nov 17.92 25.78 34.09 28.74 21.44 7.86 15.01 26.04 9.00 23.44 17.14 11.06 13.12 9.77 6.57 17.22 20.95 15.42 16.93 17.04

Dec 18.16 22.92 33.79 26.83 21.51 7.79 15.14 24.58 9.11 13.74 16.86 10.90 12.98 8.23 6.61 17.10 18.32 16.34 16.83 17.01

2013

Jan 18.03 23.00 35.48 27.73 21.85 7.97 16.26 25.88 9.06 16.35 17.76 11.09 12.96 9.99 7.13 18.60 19.96 18.49 13.13 15.10

Feb 17.99 23.58 36.40 28.35 21.73 8.31 17.11 26.12 9.13 16.42 17.71 11.09 13.35 9.51 5.74 19.12 15.74 18.45 13.15 15.92

Mar 17.78 22.72 35.82 27.75 21.08 8.45 16.60 25.02 9.19 15.19 17.27 11.16 12.61 9.74 6.67 19.50 14.52 18.26 16.13 18.39

Apr 17.85 22.61 36.19 27.79 20.70 8.08 16.26 24.51 8.81 16.46 17.37 10.92 10.82 8.43 6.53 18.25 13.40 14.95 15.79 16.98

May 17.88 23.65 35.62 28.36 20.55 7.91 16.02 25.57 8.52 16.15 16.69 10.52 11.24 8.65 6.37 17.42 - 17.02 14.71 16.43

Jun 17.28 22.87 34.90 27.51 20.44 7.53 15.45 24.71 8.48 14.88 16.26 10.33 12.28 9.97 5.36 16.48 - 18.41 15.59 15.94

Jul 17.18 22.74 35.43 27.74 20.26 7.41 15.74 24.84 8.27 15.77 16.09 10.12 10.61 7.78 6.31 16.31 - 17.53 16.58 16.52

Aug 17.02 22.40 35.39 27.49 20.28 7.82 15.84 25.02 8.21 15.49 15.50 10.05 9.91 6.25 6.03 17.85 - 16.46 15.14 16.67


TotalUp to 1 year

Over 5

years

Non-indexed

Loans by maturity

Over 1 and up

to 5 years


Loans by purpose

RSD


TotalRevolving

loans

Credit card debt

Total Current account overdraft


Total loans to


Indexed to FX

and Fx loans

Revolvingloans


2) Excluding revolving loans, credit cards and overdrafts.


RSD

Non-indexedCredit card debt


71

Current assets


21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

9.77 10.10 6.52 10.47 8.83 11.75 8.18 8.51 8.28 11.66 12.45 17.30 8.70 11.94 15.78 Dec 2010

8.51 6.30 7.32 8.79 8.14 10.59 8.70 6.58 7.47 10.55 10.80 17.17 7.66 10.55 13.88 Dec 2011

8.82 8.08 7.06 8.45 8.27 11.32 8.30 7.35 7.93 11.18 11.00 18.20 8.19 11.91 14.99 Dec 2012

2011

7.46 8.10 7.79 7.42 7.55 9.14 10.00 9.27 9.96 9.15 11.43 17.84 7.68 10.35 15.60 Aug

8.11 8.57 8.02 8.89 8.27 11.39 11.04 8.68 10.38 11.37 12.34 18.45 8.33 12.44 16.47 Sep

9.23 10.82 8.15 9.84 9.13 11.88 10.90 9.01 10.70 11.85 12.52 18.90 8.95 12.95 16.84 Oct

10.12 9.82 7.79 9.82 9.31 11.85 9.16 6.99 8.98 11.60 11.30 17.50 6.98 9.83 14.61 Nov

8.51 6.30 7.32 8.79 8.14 10.59 8.70 6.58 7.47 10.55 10.80 17.17 7.66 10.55 13.88 Dec

2012

8.38 6.60 6.69 7.84 7.48 9.45 8.24 7.64 7.82 9.19 10.04 16.13 7.64 10.06 13.85 Jan

8.83 6.71 7.15 7.05 7.73 11.18 11.26 7.71 9.36 11.12 11.24 17.58 7.84 11.87 15.03 Feb

8.63 8.20 7.47 7.94 8.11 11.06 8.14 13.50 9.11 11.02 11.36 18.02 7.98 11.78 14.67 Mar

9.59 4.49 7.83 10.43 9.51 12.33 8.04 8.68 8.37 12.23 11.95 18.20 9.26 12.95 15.40 Apr

8.25 12.72 7.36 7.89 7.93 11.88 7.70 7.28 7.51 11.37 11.35 18.06 7.77 12.18 14.97 May

7.69 8.94 7.66 7.81 7.72 11.35 8.55 6.91 7.64 11.24 11.64 17.33 7.70 12.15 15.15 Jun

7.58 12.72 7.21 7.85 7.52 11.49 8.64 8.08 8.17 11.11 11.35 18.43 7.69 12.29 14.98 Jul

8.44 7.42 7.78 8.83 8.35 11.55 9.13 7.53 8.50 11.42 11.36 18.98 8.26 12.41 15.21 Aug

8.33 7.94 7.72 8.45 8.25 10.64 8.33 11.72 8.58 10.59 11.10 18.38 8.22 11.30 14.65 Sep

9.59 8.17 7.05 7.81 8.79 11.24 8.22 7.34 7.80 11.18 10.92 18.63 8.71 11.94 14.64 Oct

8.06 7.78 7.74 7.54 7.92 10.03 8.37 4.57 6.06 9.87 10.63 18.56 7.83 10.80 15.08 Nov

8.82 8.08 7.06 8.45 8.27 11.32 8.30 7.35 7.93 11.18 11.00 18.20 8.19 11.91 14.99 Dec

2013

9.98 6.16 7.07 8.36 8.68 11.04 8.03 8.03 8.03 10.97 11.06 17.38 8.55 12.21 15.98 Jan

7.91 8.58 7.87 6.81 7.74 10.46 6.84 7.84 7.41 10.28 10.85 18.33 7.80 12.02 15.93 Feb

8.31 8.11 6.95 7.70 7.91 10.69 9.24 7.03 8.62 10.63 10.94 19.47 8.00 11.89 15.40 Mar

7.93 8.15 6.29 7.52 7.41 9.32 6.95 6.27 6.71 9.20 10.31 19.21 7.48 11.35 15.33 Apr

7.27 7.18 8.07 7.05 7.53 9.81 6.98 8.11 7.23 9.67 10.29 18.75 7.58 11.76 15.89 May

7.40 6.96 6.57 6.89 7.04 10.66 6.91 4.01 5.34 10.42 10.36 17.49 7.02 11.67 15.08 Jun

7.02 6.70 6.56 6.01 6.61 9.08 7.30 6.39 6.63 8.95 9.76 18.49 6.73 10.91 14.92 Jul

6.90 6.70 6.15 7.11 6.63 8.25 4.05 7.62 4.65 7.90 9.35 18.78 6.57 9.81 14.50 Aug

Total loans to


NPISH, and non-

financial corporations(8 and 31)

Total loans to



(7 and 30)2)

Total loans

to non-financial

corporations(12 and 30)

Total

FX

Total indexed to FX

and FXloans to



(6,25 and 29)2)

Indexed to FX

Total non-indexed

loans to households

including NPISH, and non-financial corporations

(5 and 20)2)

Imports Other

Total(26 and

29 = 13,14

and 15)

Total(20 and

25)


Loans by purpose

RSD

August 2013

72

Table 12b

Weighted Interest Rates on Deposits by Maturity – Outstanding Amounts(Per annum rates, in percentages; end-of-period)

Up to 1 year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1 year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1 year

Over 1 and up

to 2 years

Over 2 years

Up to 1 year

Over 1 and up

to 2 years

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

2010 Dec 1.03 - - - 13.85 12.04 - - 3.82 5.60 - - 3.93 5.74 4.54 2.26 - - -

2011 Dec 0.70 - - - 15.23 11.44 - - 5.08 5.10 - - 5.17 5.27 4.08 2.32 - - -

2012 Dec 0.63 - 10.62 11.27 13.97 10.80 4.50 5.10 5.31 4.68 4.65 5.16 5.36 4.80 3.70 2.20 - 11.78 24.74

2011

Aug 0.86 - - - 15.37 11.95 - - 4.35 5.30 - - 4.46 5.44 4.20 2.65 - - -

Sep 0.92 - - - 15.43 11.94 - - 4.42 5.27 - - 4.53 5.42 4.16 2.58 - - -

Oct 0.94 - - - 15.50 11.92 - - 4.48 5.30 - - 4.61 5.45 4.08 2.40 - - -

Nov 0.81 - - - 15.39 11.37 - - 5.05 5.11 - - 5.13 5.25 4.10 2.25 - - -

Dec 0.70 - - - 15.23 11.44 - - 5.08 5.10 - - 5.17 5.27 4.08 2.32 - - -

2012

Jan 0.70 - - - 15.31 11.28 - - 5.15 5.09 - - 5.24 5.26 4.08 2.15 - - -

Feb 0.69 - 10.52 11.60 15.38 10.77 4.90 5.32 5.25 5.03 5.10 5.40 5.32 5.18 4.00 2.06 - 10.27 13.72

Mar 0.71 - 10.54 11.52 15.35 10.78 4.89 5.32 5.29 5.02 5.08 5.40 5.36 5.18 4.03 1.95 - 9.69 17.40

Apr 0.69 - 10.57 11.53 15.35 10.81 4.88 5.34 5.31 5.02 5.07 5.41 5.39 5.17 3.98 2.04 - 9.49 19.97

May 0.75 - 10.44 11.55 15.02 10.70 4.81 5.33 5.32 4.97 4.97 5.39 5.39 5.10 3.95 1.98 - 9.59 22.38

Jun 0.72 - 10.36 11.42 13.81 10.58 4.78 5.34 5.34 4.96 4.94 5.40 5.40 5.08 3.91 1.95 - 10.35 24.36

Jul 0.71 - 10.43 11.45 13.88 10.64 4.81 5.35 5.38 4.97 4.96 5.41 5.44 5.10 3.93 1.78 - 10.79 25.42

Aug 0.70 - 10.49 11.50 14.00 10.70 4.75 5.36 5.37 4.94 4.90 5.42 5.43 5.06 3.89 1.94 - 11.26 26.24

Sep 0.71 - 10.54 11.52 13.98 10.74 4.71 5.37 5.40 4.91 4.87 5.43 5.46 5.04 3.84 1.93 - 11.05 27.61

Oct 0.68 - 10.57 11.10 13.97 10.74 4.59 5.34 5.43 4.84 4.75 5.38 5.49 4.97 3.67 1.88 - 11.25 24.65

Nov 0.67 - 10.64 11.34 14.00 10.82 4.51 5.06 5.33 4.68 4.66 5.13 5.38 4.81 3.73 1.99 - 11.22 23.14

Dec 0.63 - 10.62 11.27 13.97 10.80 4.50 5.10 5.31 4.68 4.65 5.16 5.36 4.80 3.70 2.20 - 11.78 24.74

2013

Jan 0.65 - 10.58 11.37 14.05 10.76 4.44 5.10 5.30 4.63 4.60 5.16 5.35 4.76 3.69 2.24 - 11.45 20.76

Feb 0.63 - 10.51 11.49 14.08 10.70 4.38 5.06 5.29 4.57 4.54 5.12 5.34 4.71 3.63 2.23 - 11.30 20.50

Mar 0.64 - 10.46 11.53 14.12 10.64 4.31 5.03 5.28 4.52 4.48 5.09 5.33 4.66 3.59 2.80 - 11.19 19.83

Apr 0.62 - 10.33 11.56 14.15 10.52 4.27 5.00 5.27 4.49 4.45 5.06 5.33 4.63 3.54 2.80 - 10.55 20.65

May 0.67 - 10.24 11.32 14.24 10.43 4.17 4.96 5.26 4.41 4.36 5.03 5.32 4.56 3.46 2.84 - 10.11 20.74

Jun 0.65 - 10.15 11.56 14.26 10.36 4.11 4.93 5.24 4.36 4.30 5.00 5.30 4.51 3.41 2.64 - 9.76 21.17

Jul 0.60 - 10.02 11.56 14.27 10.23 4.05 4.89 5.23 4.30 4.24 4.96 5.29 4.46 3.36 2.43 - 9.52 19.97

Aug 0.60 - 9.92 11.58 14.34 10.14 3.99 4.83 5.22 4.25 4.19 4.90 5.28 4.41 3.30 2.49 - 9.41 20.13

RSD

NOTES: - Interest rates on outstanding amounts and new business for overnight deposits and deposits redeemable at notice coincide. - The data was revised from 31.08.2012. to 30.04.2013 year .


Term

RSD

Deposits from non-financial corporations

Total

Total deposits

from households

and NPISH

(1, 2 and 14)

Overnight

Deposits from households and NPISH1)

Indexed to FX and FX deposits

OvernightRedeemable

at notice

Term

Redeemable at notice


73

Over 2 years

Total Up to 1 year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1 year

Over 1 and up

to 2 years

Over 2 years

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

31.73 12.02 - - 2.36 3.61 - - 9.16 6.88 4.76 12.02 5.24 6.04 4.61 Dec 2010

16.89 10.65 - - 3.40 3.65 - - 6.78 6.74 4.45 10.76 4.86 5.65 4.21 Dec 2011

11.09 12.04 3.24 2.52 2.83 3.16 6.70 6.20 4.01 6.54 4.19 11.85 4.44 5.20 3.86 Dec 2012

2011

28.51 12.42 - - 3.09 3.78 - - 9.65 7.00 4.97 12.36 4.99 5.88 4.47 Aug

28.74 11.93 - - 3.04 3.84 - - 9.29 7.07 5.02 11.93 4.99 5.89 4.45 Sep

28.81 11.62 - - 3.03 3.87 - - 9.44 7.13 4.79 11.66 5.03 5.93 4.33 Oct

28.50 11.20 - - 3.01 3.69 - - 9.05 6.90 4.54 11.22 4.87 5.68 4.25 Nov

16.89 10.65 - - 3.40 3.65 - - 6.78 6.74 4.45 10.76 4.86 5.65 4.21 Dec

2012

16.46 10.51 - - 3.00 3.78 - - 6.01 6.81 4.40 10.64 4.89 5.64 4.19 Jan

15.99 10.47 3.94 4.22 2.96 3.89 7.09 5.20 5.58 6.86 4.45 10.52 4.85 5.59 4.14 Feb

16.16 9.95 3.96 4.09 3.12 3.91 6.77 5.21 5.62 6.59 4.34 10.09 4.86 5.51 4.12 Mar

15.61 9.78 3.93 4.05 3.19 3.89 6.41 5.31 5.59 6.29 4.23 9.95 4.84 5.44 4.06 Apr

14.81 9.88 3.89 3.55 3.18 3.81 6.26 4.85 5.36 6.12 4.17 10.01 4.78 5.35 4.02 May

14.24 10.61 3.77 3.29 3.33 3.69 6.63 4.97 5.24 6.45 4.16 10.61 4.76 5.40 3.99 Jun

13.78 11.05 3.69 3.13 3.41 3.61 6.74 4.99 5.14 6.55 4.10 10.99 4.76 5.43 3.98 Jul

13.37 11.49 3.68 3.18 3.42 3.61 7.10 5.19 4.97 6.87 4.36 11.37 4.74 5.48 4.03 Aug

12.78 11.30 3.54 3.06 3.35 3.48 7.01 5.26 4.75 6.79 4.20 11.22 4.69 5.44 3.96 Sep

11.83 11.48 3.46 3.01 3.27 3.41 7.01 5.77 4.70 6.84 4.31 11.38 4.61 5.43 3.87 Oct

11.36 11.45 3.28 2.69 3.22 3.23 6.79 5.70 4.46 6.62 4.19 11.36 4.46 5.24 3.88 Nov

11.09 12.04 3.24 2.52 2.83 3.16 6.70 6.20 4.01 6.54 4.19 11.85 4.44 5.20 3.86 Dec

2013

10.76 11.75 3.21 2.44 2.77 3.13 6.61 6.99 3.89 6.49 4.29 11.59 4.40 5.15 3.88 Jan

10.18 11.61 3.23 2.44 2.63 3.14 6.59 7.04 3.67 6.47 4.16 11.46 4.36 5.10 3.80 Feb

9.55 11.45 3.19 2.27 2.58 3.07 6.65 6.20 3.53 6.46 4.53 11.32 4.30 5.07 3.89 Mar

9.62 10.85 3.10 3.02 2.19 3.02 6.38 7.76 3.05 6.26 4.48 10.80 4.26 5.01 3.84 Apr

9.43 10.41 2.98 3.09 2.18 2.92 6.18 7.60 3.03 6.07 4.36 10.42 4.17 4.92 3.75 May

9.29 10.10 2.93 2.83 2.20 2.86 5.87 7.21 2.99 5.77 4.01 10.15 4.13 4.79 3.60 Jun

9.23 9.85 2.79 2.96 2.24 2.76 5.69 6.93 2.98 5.60 3.84 9.92 4.07 4.71 3.51 Jul

8.45 9.72 2.71 2.66 2.26 2.67 5.62 6.62 2.95 5.52 3.81 9.80 4.01 4.66 3.47 Aug

TotalIndexed to FX and FX deposits

RSD (6 and 21)

Total deposits from



Total term deposits from households, NPISH and non-

financial corporates

Indexed to FX

and FX deposits

(10 and 25)

Total

RSD


Total deposits

from non-financial

corporations

(16,17 and 29)

Term

August 2013

1 p p

e e

74


Table 12c

Weighted Interest Rates on Deposits by Maturity – New Business(Per annum rates, in percentages; period average rate)

Up to 1 year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Up to 1 year

Over 1 and up

to 2 years

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

2010 Dec 1.03 - 10.63 11.80 10.92 10.64 4.59 5.92 2.12 4.51 4.92 5.98 2.14 4.81 1.85 2.26 - 11.32 12.31

2011 Dec 0.70 - 9.64 11.05 9.66 9.67 4.49 4.98 4.26 4.55 4.91 5.06 4.33 4.91 1.57 2.32 - 9.86 13.85

2012 Dec 0.63 - 9.89 11.94 11.86 9.92 3.89 4.84 5.12 4.03 4.27 4.88 5.16 4.36 1.31 2.20 - 10.55 16.05

2011

Aug 0.86 - 9.53 10.94 11.98 9.56 3.92 4.01 2.87 3.89 4.19 4.07 2.91 4.14 1.47 2.65 - 11.81 17.35

Sep 0.92 - 9.87 11.68 11.62 9.89 3.63 3.72 2.47 3.60 3.98 3.77 2.54 3.92 1.38 2.58 - 10.94 18.70

Oct 0.94 - 9.95 11.32 12.21 9.99 4.28 4.45 3.08 4.27 4.55 4.48 3.16 4.50 1.51 2.40 - 10.92 15.53

Nov 0.81 - 11.49 11.49 16.06 11.52 5.17 5.47 5.80 5.27 5.32 5.49 5.82 5.38 3.58 2.25 - 10.49 17.66

Dec 0.70 - 9.64 11.05 9.66 9.67 4.49 4.98 4.26 4.55 4.91 5.06 4.33 4.91 1.57 2.32 - 9.86 13.85

2012

Jan 0.70 - 9.58 9.00 13.97 9.59 4.14 3.97 5.06 4.18 4.75 4.07 5.14 4.70 1.35 2.15 - 9.83 8.52

Feb 0.69 - 9.40 11.06 14.66 9.59 4.27 4.46 5.53 4.61 4.82 4.97 5.54 5.01 1.56 2.06 - 9.37 16.83

Mar 0.71 - 9.71 10.94 9.92 9.71 4.26 2.56 4.37 4.20 4.81 2.63 4.40 4.71 1.35 1.95 - 9.07 21.07

Apr 0.69 - 9.27 10.55 10.25 9.27 4.23 3.25 3.94 4.18 4.67 3.27 3.97 4.58 1.19 2.04 - 9.37 19.28

May 0.75 - 9.50 11.19 5.62 9.48 4.40 4.01 4.53 4.38 4.60 4.03 4.54 4.58 1.74 1.98 - 8.87 22.37

Jun 0.72 - 9.93 9.97 9.95 9.94 4.02 3.91 4.12 4.02 4.30 3.93 4.13 4.28 1.42 1.95 - 10.07 19.79

Jul 0.71 - 10.07 9.11 11.23 10.06 4.33 3.85 4.13 4.31 4.69 3.97 4.14 4.65 1.41 1.78 - 10.53 20.47

Aug 0.70 - 9.95 10.11 8.05 9.95 4.17 3.93 4.55 4.18 4.46 3.98 4.55 4.46 1.45 1.94 - 10.26 17.08

Sep 0.71 - 10.18 11.05 3.50 10.18 3.98 3.56 4.31 3.98 4.37 3.62 4.31 4.36 1.30 1.93 - 10.38 15.93

Oct 0.68 - 10.04 9.43 8.85 10.04 3.79 4.49 5.32 3.95 4.12 4.50 5.32 4.24 1.39 1.88 - 10.49 14.26

Nov 0.67 - 10.98 12.15 14.42 11.04 4.65 5.17 5.39 4.75 4.76 5.19 5.41 4.84 2.92 1.99 - 10.50 10.64

Dec 0.63 - 9.89 11.94 11.86 9.92 3.89 4.84 5.12 4.03 4.27 4.88 5.16 4.36 1.31 2.20 - 10.55 16.05

2013

Jan 0.65 - 9.94 11.20 10.86 9.94 3.52 4.43 4.41 3.60 3.99 4.48 4.43 4.03 1.17 2.24 - 10.95 13.43

Feb 0.63 - 9.93 11.67 14.25 9.96 3.42 4.36 4.57 3.51 4.00 4.49 4.60 4.05 1.14 2.23 - 10.55 15.73

Mar 0.64 - 9.67 7.97 14.20 9.66 3.35 4.24 4.26 3.44 3.94 4.33 4.30 3.97 1.09 2.80 - 10.24 10.67

Apr 0.62 - 9.31 11.63 14.65 9.32 3.13 3.87 4.42 3.22 3.83 3.94 4.46 3.86 1.06 2.80 - 9.27 17.40

May 0.67 - 9.68 8.33 12.92 9.67 3.10 3.84 4.08 3.14 3.65 4.05 4.18 3.67 1.20 2.84 - 8.78 19.53

Jun 0.65 - 9.31 11.40 13.99 9.33 3.12 4.27 3.89 3.20 3.60 4.33 3.96 3.64 1.06 2.64 - 9.25 17.96

Jul 0.60 - 9.00 10.67 13.26 9.01 2.82 3.49 3.81 2.89 3.46 3.54 3.86 3.48 0.99 2.43 - 8.97 10.76

Aug 0.60 - 9.00 11.90 13.69 9.03 2.65 3.47 3.65 2.72 3.35 3.55 3.80 3.37 0.95 2.49 - 8.93 18.71

Redeemable at notice


Term

RSD

Overnight


NOTES: - Interest rates on outstanding amounts and new business for overnight deposits and deposits redeemable at notice coincide. - The data was revised from 31.08.2012. to 30.04.2013 year .

OvernightRedeemable

at notice

TermTotal

deposits from households

and NPISH

(1, 2 and 14)

RSD Indexed to FX and FX deposits Total

Deposits from households and NPISH1)

75

August 2013

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

23.51 11.36 3.84 2.78 2.20 3.82 7.45 6.97 8.21 7.45 4.43 11.33 4.12 6.65 3.26 Dec 2010

2.78 9.76 3.37 3.08 4.51 3.39 7.11 4.32 3.68 7.01 3.92 9.76 3.97 6.35 2.90 Dec 2011

19.47 10.60 2.81 3.06 0.19 2.76 7.22 6.77 4.01 7.19 3.90 10.57 3.39 6.32 2.73 Dec 2012

2011

12.90 11.82 3.13 5.00 1.76 3.20 6.71 5.39 7.34 6.68 4.34 11.74 3.45 6.03 3.08 Aug

36.68 10.98 3.74 2.02 1.30 3.70 7.95 4.67 6.55 7.93 4.58 10.95 3.65 6.89 3.09 Sep

34.04 10.97 3.65 2.35 1.10 3.62 7.62 3.56 13.63 7.59 4.23 10.94 3.91 6.71 2.96 Oct

34.04 10.52 3.51 3.34 2.19 3.51 7.70 4.75 13.62 7.69 4.34 10.59 5.01 6.07 3.89 Nov

2.78 9.76 3.37 3.08 4.51 3.39 7.11 4.32 3.68 7.01 3.92 9.76 3.97 6.35 2.90 Dec

2012

36.89 9.85 3.58 2.50 1.27 3.56 7.73 4.75 13.72 7.71 3.80 9.84 3.90 6.76 2.68 Jan

16.21 9.41 3.92 3.68 2.11 3.86 7.70 4.69 5.07 7.60 3.76 9.42 4.34 6.60 2.68 Feb

39.17 9.13 3.75 2.57 1.24 3.66 7.40 4.05 7.59 7.35 3.81 9.17 3.96 6.54 2.62 Mar

38.77 9.43 3.49 3.25 1.41 3.48 6.85 6.20 12.74 6.86 3.74 9.42 3.77 6.30 2.54 Apr

26.13 8.92 3.42 1.96 0.72 3.34 6.77 3.41 5.34 6.72 3.63 8.95 4.04 5.74 2.63 May

34.88 10.12 3.02 3.61 1.64 3.03 7.40 4.47 4.64 7.33 3.67 10.11 3.61 6.20 2.56 Jun

39.48 10.58 2.73 3.21 0.91 2.73 7.10 5.00 9.61 7.08 3.56 10.55 3.54 6.27 2.52 Jul

36.45 10.29 3.11 2.91 1.91 3.09 7.98 4.32 9.68 7.94 3.81 10.28 3.80 6.57 2.62 Aug

38.79 10.43 2.74 3.08 2.21 2.75 7.93 4.97 12.50 7.89 3.69 10.42 3.48 6.68 2.54 Sep

22.52 10.53 2.73 3.54 0.79 2.73 7.34 6.75 7.05 7.33 3.90 10.51 3.41 6.25 2.64 Oct

31.12 10.53 2.67 1.86 0.26 2.63 7.79 4.05 8.23 7.75 3.80 10.56 4.49 5.64 3.27 Nov

19.47 10.60 2.81 3.06 0.19 2.76 7.22 6.77 4.01 7.19 3.90 10.57 3.39 6.32 2.73 Dec

2013

32.84 11.00 2.88 2.62 1.76 2.86 8.01 11.15 4.50 8.04 4.09 10.96 3.25 6.82 2.71 Jan

34.16 10.60 2.66 2.86 1.03 2.65 7.86 6.04 5.32 7.82 3.81 10.57 3.12 6.63 2.56 Feb

20.07 10.26 2.79 1.95 2.43 2.74 8.05 3.34 6.82 7.96 4.41 10.23 3.11 6.86 2.88 Mar

18.15 9.30 2.79 2.71 2.34 2.78 6.98 4.86 7.81 6.97 4.22 9.30 2.99 6.17 2.74 Apr

19.15 8.81 2.47 2.70 1.93 2.48 6.51 7.09 11.45 6.52 4.01 8.87 2.85 5.56 2.67 May

15.00 9.28 2.53 1.95 0.62 2.50 7.03 3.69 4.74 6.99 3.74 9.28 2.90 5.87 2.44 Jun

17.74 8.99 2.44 2.84 1.28 2.44 6.60 6.08 4.19 6.58 3.63 8.99 2.67 5.66 2.37 Jul

14.23 8.97 2.40 2.46 1.25 2.39 6.30 4.10 5.26 6.27 3.54 8.97 2.55 5.44 2.31 Aug


Total deposits

from non-financial

corporations(16,17 and

29)

Term

RSD Indexed to FX and FX deposits Total Indexed to FX

and FX deposits

(10 and 25)

Total

Total term deposits from households, NPISH and non-

financial corporates

Total deposits from



RSD (6 and 21)

76


Table 12d

Weighted Interest Rates on Loans by Currency 1)

– Outstanding Amounts(Per annum rates, in percentages)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

2010 Dec 19.21 16.07 17.17 9.38 8.01 8.53 5.20 7.36 5.42 10.50 9.59 9.62 8.19 8.17 8.17 10.42 10.23 10.31 Dec 2010

2011 Dec 19.77 15.30 17.67 8.34 7.62 7.87 3.89 7.58 4.11 9.91 8.92 8.94 7.16 7.73 7.50 10.49 9.04 9.66 Dec 2011

2012 Dec 20.69 16.27 18.74 7.04 6.93 6.97 3.79 6.33 3.94 9.21 8.18 8.20 6.20 6.99 6.70 10.41 8.44 9.24 Dec 2012

2011 2011

Aug 20.15 15.98 17.89 8.89 7.78 8.18 4.93 7.35 5.10 10.14 10.11 10.11 7.80 7.98 7.90 10.83 9.70 10.18 Aug

Sep 20.14 15.94 17.95 8.80 7.72 8.11 4.90 7.27 5.06 9.98 9.75 9.75 7.75 7.91 7.84 10.90 9.55 10.13 Sep

Oct 20.06 15.80 17.97 8.68 7.74 8.08 4.61 7.33 4.79 9.94 9.15 9.17 7.59 7.88 7.76 10.87 9.40 10.03 Oct

Nov 19.95 15.60 17.91 8.58 7.74 8.04 4.41 7.44 4.61 9.97 9.45 9.46 7.48 7.90 7.73 10.77 9.27 9.92 Nov

Dec 19.77 15.30 17.67 8.34 7.62 7.87 3.89 7.58 4.11 9.91 8.92 8.94 7.16 7.73 7.50 10.49 9.04 9.66 Dec

2012 2012

Jan 19.73 15.03 17.54 8.25 7.53 7.78 3.87 7.38 4.09 9.79 8.84 8.86 7.08 7.63 7.41 10.37 8.84 9.48 Jan

Feb 19.65 14.72 17.38 8.17 7.36 7.63 3.88 7.68 4.12 9.75 8.63 8.65 7.01 7.46 7.28 10.25 8.60 9.29 Feb

Mar 19.76 15.61 17.89 8.05 7.34 7.58 3.89 7.64 4.11 9.77 8.72 8.74 6.92 7.44 7.24 10.26 8.71 9.36 Mar

Apr 19.77 15.91 18.03 7.88 7.34 7.52 3.88 7.40 4.11 9.64 8.66 8.68 6.80 7.44 7.19 10.24 8.79 9.40 Apr

��y 19.74 15.84 18.00 7.78 7.30 7.46 3.89 7.41 4.11 9.55 8.44 8.46 6.73 7.39 7.13 10.18 8.70 9.32 May

Jun 19.63 16.18 18.13 7.64 7.31 7.42 3.90 7.53 4.13 9.58 8.84 8.86 6.64 7.42 7.11 10.22 8.80 9.40 Jun

Jul 19.95 16.23 18.33 7.58 7.12 7.27 3.87 7.48 4.09 9.52 8.68 8.69 6.59 7.24 6.99 10.32 8.64 9.34 Jul

Aug 20.15 16.24 18.46 7.46 7.02 7.16 3.84 7.21 4.05 9.50 8.39 8.41 6.49 7.12 6.88 10.33 8.53 9.28 Aug

Sep 20.30 16.55 18.64 7.36 7.17 7.23 3.85 7.52 4.07 9.49 8.86 8.87 6.44 7.31 6.99 10.45 8.79 9.47 Sep

Oct 20.53 17.12 18.99 7.24 7.18 7.20 3.84 7.11 4.01 9.61 9.27 9.28 6.35 7.30 6.94 10.52 8.96 9.60 Oct

Nov 20.66 16.65 18.90 7.19 7.15 7.16 3.84 7.23 4.03 9.30 8.82 8.83 6.32 7.24 6.91 10.54 8.72 9.45 Nov

Dec 20.69 16.27 18.74 7.04 6.93 6.97 3.79 6.33 3.94 9.21 8.18 8.20 6.20 6.99 6.70 10.41 8.44 9.24 Dec

2013 2013

Jan 20.73 15.99 18.65 6.99 6.96 6.97 3.76 6.32 3.91 9.14 8.21 8.23 6.18 7.01 6.71 10.50 8.45 9.28 Jan

Feb 20.82 15.89 18.67 6.96 6.90 6.91 3.76 6.43 3.92 9.13 7.93 7.95 6.14 6.94 6.65 10.51 8.36 9.24 Feb

Mar 20.83 16.00 18.72 6.93 6.89 6.90 3.75 6.44 3.91 9.42 7.93 7.95 6.13 6.94 6.64 10.53 8.37 9.25 Mar

Apr 20.74 16.08 18.76 6.91 6.98 6.96 3.75 6.35 3.90 9.19 7.87 7.89 6.12 7.02 6.69 10.60 8.44 9.32 Apr

��y 20.69 15.88 18.76 6.87 6.83 6.84 3.74 6.44 3.89 9.05 7.86 7.88 6.11 6.88 6.59 10.59 8.21 9.21 May

Jun 20.53 15.79 18.71 6.81 6.69 6.73 3.73 6.44 3.88 9.07 7.92 7.94 6.06 6.75 6.50 10.48 8.00 9.05 Jun

Jul 20.27 15.71 18.56 6.78 6.74 6.75 3.72 6.44 3.88 9.09 7.90 7.92 6.04 6.80 6.52 10.45 8.04 9.07 Jul

Aug 20.23 15.68 18.56 6.75 6.66 6.69 3.75 6.51 3.91 9.04 7.70 7.72 6.04 6.71 6.46 10.47 7.92 9.01 Aug

RSDOther index�d to FX and

other FX loans

House-holds and

NPISH2)

House-holds and

NPISH

In CHF and CHF-indexed

Total Total

Non-financial corpora-

tions

Total

House-holds and

NPISH

Total loans to


NPISH and non-

financial corporations (16 and 17)

Total loans to

non-financial

corporations (2, 5, 8and 11)

NOTE: - The data was revised from 31.08.2012. to 30.04.2013 year .

Total loans to

households and NPISH

(1, 4, 7 and 10)


Total



tions

In EUR and EUR-indexed

Total


tions

House-holds and

NPISH

House-holds and

NPISH


tions

1) Does not include revolving loans, current account overdrafts and credit card debt.


tions

77

August 2013

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

2010 Dec 21.71 16.50 17.30 8.28 8.26 8.26 6.25 12.21 8.23 5.94 12.67 12.67 8.02 8.81 8.70 13.68 11.66 11.94 Dec 2010

2011 Dec 19.67 16.17 17.17 9.96 7.91 8.25 3.29 8.25 3.46 13.22 10.32 10.33 6.47 8.13 7.66 10.54 10.55 10.55 Dec 2011

2012 Dec 21.51 17.01 18.20 8.08 8.15 8.14 3.80 11.77 4.19 9.61 9.45 9.45 7.79 8.25 8.19 15.14 11.18 11.91 Dec 2012

2011 2011

Aug 20.33 15.96 17.84 8.49 7.65 7.75 5.53 7.73 7.28 19.60 7.12 7.12 8.39 7.59 7.68 15.35 9.15 10.35 Aug

Sep 20.01 17.51 18.45 8.55 8.18 8.24 5.23 6.53 6.18 12.57 9.54 9.54 8.35 8.32 8.33 15.86 11.37 12.44 Sep

Okt 19.69 18.16 18.90 8.42 8.91 8.82 3.33 11.97 7.25 11.26 11.52 11.52 7.84 9.19 8.95 15.50 11.85 12.95 Okt

Nov 18.90 16.50 17.50 7.60 8.57 8.23 3.52 7.85 3.58 12.68 13.30 13.30 5.06 9.27 6.98 8.12 11.60 9.83 Nov

Dec 19.67 16.17 17.17 9.96 7.91 8.25 3.29 8.25 3.46 13.22 10.32 10.33 6.47 8.13 7.66 10.54 10.55 10.55 Dec

2012 2012

Jan 21.90 14.25 16.13 9.12 7.36 7.49 4.77 7.90 5.97 - 10.82 10.82 8.76 7.55 7.64 16.20 9.19 10.06 Jan

Feb 20.99 16.42 17.58 8.65 7.57 7.73 3.96 8.86 5.77 9.38 10.20 10.20 7.96 7.82 7.85 14.97 11.12 11.87 Feb

Mar 20.82 16.78 18.02 8.55 8.00 8.06 4.23 6.76 5.05 10.68 10.58 10.58 7.11 8.14 7.98 14.58 11.02 11.78 Mar

Apr 19.89 17.39 18.20 8.36 9.16 9.05 4.12 8.56 7.61 4.07 11.20 11.19 7.77 9.46 9.28 15.74 12.23 12.95 Apr

May 19.14 17.48 18.06 7.65 7.72 7.71 4.95 8.92 6.49 - 10.44 10.44 7.29 7.86 7.79 14.78 11.37 12.18 May

Jun 18.80 16.55 17.33 7.99 7.73 7.77 4.31 8.64 5.06 10.64 7.65 7.66 7.59 7.72 7.71 14.99 11.24 12.15 Jun

Jul 19.73 17.59 18.43 8.30 7.24 7.42 4.09 13.91 6.52 9.52 8.89 8.89 7.98 7.64 7.69 15.80 11.11 12.29 Jul

Aug 20.71 17.92 18.98 8.11 8.22 8.20 4.33 11.20 6.31 10.78 9.15 9.15 7.79 8.36 8.28 15.41 11.42 12.41 Aug

Sep 21.05 17.35 18.38 8.00 8.20 8.18 4.04 9.78 6.72 - 9.27 9.27 7.70 8.27 8.22 15.62 10.59 11.30 Sep

Oct 21.04 17.62 18.63 8.70 8.72 8.72 4.56 5.77 5.08 7.00 10.05 10.04 8.25 8.76 8.72 15.95 11.18 11.94 Oct

Nov 21.44 17.04 18.56 8.19 7.68 7.73 4.17 6.22 5.27 10.86 11.41 11.41 7.86 7.83 7.84 15.01 9.87 10.80 Nov

Dec 21.51 17.01 18.20 8.08 8.15 8.14 3.80 11.77 4.19 9.61 9.45 9.45 7.79 8.25 8.19 15.14 11.18 11.91 Dec

2013 2013

Jan 21.85 15.10 17.38 8.33 8.60 8.56 3.70 7.49 5.35 12.68 10.23 10.23 7.97 8.66 8.56 16.26 10.97 12.21 Jan

Feb 21.73 15.92 18.33 8.53 7.67 7.79 3.68 7.32 6.03 12.75 9.49 9.50 8.31 7.72 7.82 17.11 10.28 12.02 Feb

Mar 21.08 18.39 19.47 8.67 7.87 7.96 4.10 7.07 5.48 10.51 10.61 10.61 8.45 7.94 8.00 16.60 10.63 11.89 Mar

Apr 20.70 16.98 19.21 8.23 7.25 7.42 3.59 5.18 4.41 9.40 8.46 8.46 8.08 7.37 7.49 16.26 9.20 11.35 Apr

May 20.55 16.43 18.75 8.05 7.29 7.44 4.26 7.96 6.93 12.68 10.66 10.66 7.91 7.51 7.59 16.02 9.67 11.76 May

Jun 20.44 15.94 17.49 7.62 6.48 6.69 5.12 8.46 5.70 6.69 10.57 10.56 7.53 6.92 7.03 15.45 10.42 11.67 Jun

Jul 20.26 16.52 18.49 7.58 6.47 6.65 3.44 3.73 3.52 9.58 8.96 8.96 7.41 6.61 6.74 15.74 8.95 10.91 Jul

Aug 20.28 16.67 18.78 8.03 6.27 6.47 3.58 8.12 6.78 12.88 10.53 10.53 7.82 6.41 6.58 15.84 7.90 9.81 Aug



Total loans to

households and NPISH

(1, 4, 7 and 10)

In CHF and CHF-indexed Other index�d to FX and

other FX loans

1) Does not include revolving loans, convenience and extended credit card debt and overdrafts.

Total loans to

non-financial

corporations (2, 5, 8and 11)

Total loans to


NPISH and non-

financial corporations (16 and 17)


tions

House-holds and

NPISH


tions

Total

House-holds and

NPISH


tions

House-holds and

NPISH2)


tions


Total

House-holds and

NPISH

Total

House-holds and

NPISH

RSD


tions

Total


Total

Table 12e

Weighted Interest Rates on Loans by Currency 1) – New Business(Per annum rates, in percentages)

78

Table 12f

Weighted Interest Rates on Term Deposits by Currency – Outstanding Amounts(Per annum rates, in percentages)

Up to 1 year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Total

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

2010 Dec - - 13.85 12.04 - - 31.73 12.02 - - 3.98 5.69 - - 2.48 3.55 - - 0.58 3.07

2011 Dec - - 15.23 11.44 - - 16.89 10.65 - - 5.18 5.21 - - 3.47 4.06 - - 1.33 2.55

2012 Dec 10.62 11.27 13.97 10.80 11.78 24.74 11.09 12.04 4.61 5.20 5.36 4.79 3.36 3.33 2.90 3.32 2.09 2.61 2.14 2.15

2011

Aug - - 15.37 11.95 - - 28.51 12.42 - - 4.50 5.38 - - 3.17 4.14 - - 0.95 2.91

Sep - - 15.43 11.94 - - 28.74 11.93 - - 4.56 5.36 - - 3.12 4.21 - - 1.00 2.87

Oct - - 15.50 11.92 - - 28.81 11.62 - - 4.63 5.39 - - 3.11 4.28 - - 1.06 2.86

Nov - - 15.39 11.37 - - 28.50 11.20 - - 5.15 5.21 - - 3.09 4.09 - - 1.19 2.60

Dec - - 15.23 11.44 - - 16.89 10.65 - - 5.18 5.21 - - 3.47 4.06 - - 1.33 2.55

2012

Jan - - 15.31 11.28 - - 16.46 10.52 - - 5.25 5.20 - - 3.43 4.01 - - 1.33 2.45

Feb 10.52 11.60 15.38 10.77 10.27 13.72 15.99 10.47 5.01 5.43 5.34 5.14 4.20 4.26 3.34 4.13 2.16 3.39 1.35 2.45

Mar 10.54 11.52 15.35 10.78 9.69 17.40 16.16 9.95 5.00 5.44 5.37 5.13 4.23 4.07 3.42 4.14 2.17 3.39 1.44 2.46

Apr 10.57 11.53 15.35 10.81 9.49 19.97 15.61 9.78 4.99 5.45 5.39 5.13 4.15 4.01 3.45 4.09 2.19 3.38 1.52 2.47

May 10.44 11.55 15.02 10.7 9.59 22.38 14.81 9.88 4.93 5.44 5.4 5.09 4.03 4.09 3.46 3.99 2.2 3.4 1.66 2.47

Jun 10.36 11.42 13.81 10.6 10.35 24.36 14.24 10.6 4.9 5.45 5.42 5.07 3.87 3.71 3.53 3.83 2.2 3.41 1.7 2.47

Jul 10.43 11.45 13.88 10.6 10.79 25.42 13.78 11.1 4.93 5.46 5.45 5.09 3.75 3.51 3.57 3.72 2.21 3.42 1.8 2.48

Aug 10.49 11.5 14.00 10.7 11.26 26.24 13.37 11.5 4.88 5.47 5.44 5.05 3.73 3.65 3.52 3.71 2.17 3.44 1.86 2.45

Sep 10.54 11.52 13.98 10.7 11.05 27.61 12.78 11.3 4.83 5.47 5.47 5.02 3.57 3.48 3.43 3.55 2.16 3.47 1.91 2.45

Oct 10.57 11.1 13.97 10.7 11.25 24.65 11.83 11.5 4.71 5.45 5.5 4.96 3.47 3.65 3.39 3.48 2.09 3.34 1.88 2.4

Nov 10.64 11.34 14.00 10.8 11.22 23.14 11.36 11.5 4.62 5.16 5.39 4.79 3.42 3.27 3.33 3.4 2.09 3.12 2.05 2.21

Dec 10.62 11.27 13.97 10.80 11.78 24.74 11.09 12.04 4.61 5.20 5.36 4.79 3.36 3.33 2.90 3.32 2.09 2.61 2.14 2.15

2013

Jan 10.58 11.37 14.05 10.76 11.45 20.76 10.76 11.75 4.55 5.17 5.36 4.73 3.36 3.26 2.80 3.31 2.10 2.64 2.19 2.15

Feb 10.51 11.49 14.08 10.70 11.30 20.50 10.18 11.61 4.49 5.14 5.35 4.68 3.38 3.34 2.67 3.32 2.10 2.62 2.21 2.14

Mar 10.46 11.53 14.12 10.64 11.19 19.83 9.55 11.45 4.42 5.10 5.34 4.62 3.34 3.01 2.61 3.25 2.10 2.63 2.24 2.14

Apr 10.33 11.56 14.15 10.52 10.55 20.65 9.62 10.85 4.38 5.07 5.33 4.59 3.22 3.29 2.65 3.17 2.07 2.59 2.26 2.12

May 10.24 11.32 14.24 10.43 10.11 20.74 9.43 10.41 4.27 5.04 5.32 4.50 3.08 3.33 2.66 3.06 2.04 2.56 2.28 2.09

Jun 10.15 11.56 14.26 10.36 9.76 21.17 9.29 10.10 4.21 5.01 5.30 4.45 3.05 2.93 2.72 3.01 2.02 2.49 2.30 2.07

Jul 10.02 11.56 14.27 10.23 9.52 19.97 9.23 9.85 4.14 4.97 5.29 4.40 2.94 3.02 2.75 2.93 2.00 2.43 2.31 2.05

Aug 9.92 11.58 14.34 10.14 9.41 20.13 8.45 9.72 4.09 4.90 5.28 4.35 2.84 2.68 2.78 2.83 1.97 2.35 2.29 2.01




Households and NPISH1) Non-financial corporations

RSD

Households and NPISHNon-financial corporationsHouseholds and NPISH

CHF and CHF-indexed


79

Up to 1 year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Total Up to 1

year

Over 1 and up

to 2 years

Over 2 years

Total

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

- - 0.00 3.24 - - 3.82 5.60 - - 2.36 3.61 5.74 6.88 6.04 Dec 2010

- - 0.05 2.97 - - 5.08 5.10 - - 3.40 3.65 5.27 6.74 5.65 Dec 2011

2.44 1.00 2.89 2.43 4.50 5.10 5.31 4.68 3.24 2.52 2.83 3.16 4.80 6.54 5.20 Dec 2012

2011

- - 0.08 2.50 - - 4.35 5.30 - - 3.09 3.78 5.44 7.00 5.88 Aug

- - 0.08 2.63 - - 4.42 5.27 - - 3.04 3.84 5.42 7.07 5.89 Sep

- - 0.08 2.74 - - 4.48 5.30 - - 3.03 3.87 5.45 7.13 5.93 Oct

- - 0.08 2.69 - - 5.05 5.11 - - 3.01 3.69 5.25 6.90 5.68 Nov

- - 0.05 2.97 - - 5.08 5.10 - - 3.40 3.65 5.27 6.74 5.65 Dec

2012

- - 0.00 2.65 - - 5.15 5.09 - - 3.00 3.78 5.26 6.81 5.64 Jan

2.93 3.46 0.00 3.27 4.90 5.32 5.25 5.03 3.94 4.22 2.96 3.89 5.18 6.86 5.59 Feb

2.97 3.46 0.00 3.30 4.89 5.32 5.29 5.02 3.96 4.09 3.12 3.91 5.18 6.59 5.51 Mar

3.18 3.46 0.00 3.38 4.88 5.34 5.31 5.02 3.93 4.05 3.19 3.89 5.17 6.29 5.44 Apr

3.17 3.46 0.00 3.38 4.81 5.33 5.32 4.97 3.89 3.55 3.18 3.81 5.1 6.12 5.35 May

2.38 2.91 0.00 2.43 4.78 5.34 5.34 4.96 3.77 3.29 3.33 3.69 5.08 6.45 5.40 Jun

2.43 2.91 2.89 2.48 4.81 5.35 5.38 4.97 3.69 3.13 3.41 3.61 5.1 6.55 5.43 Jul

2.4 2.91 2.89 2.45 4.75 5.36 5.37 4.94 3.68 3.18 3.42 3.61 5.06 6.87 5.48 Aug

2.33 3.03 2.89 2.38 4.71 5.37 5.4 4.91 3.54 3.06 3.35 3.48 5.04 6.79 5.44 Sep

2.34 3.03 2.89 2.39 4.59 5.34 5.43 4.84 3.46 3.01 3.27 3.41 4.97 6.84 5.43 Oct

2.44 1.00 2.89 2.43 4.51 5.06 5.33 4.68 3.28 2.69 3.22 3.23 4.81 6.62 5.24 Nov

2.44 1.00 2.89 2.43 4.50 5.10 5.31 4.68 3.24 2.52 2.83 3.16 4.80 6.54 5.20 Dec

2013

2.27 1.00 2.89 2.26 4.44 5.10 5.30 4.63 3.21 2.44 2.77 3.13 4.76 6.49 5.15 Jan

2.43 1.00 2.89 2.42 4.38 5.06 5.29 4.57 3.23 2.44 2.63 3.14 4.71 6.47 5.10 Feb

2.42 1.00 2.89 2.41 4.31 5.03 5.28 4.52 3.19 2.27 2.58 3.07 4.66 6.46 5.07 Mar

2.41 1.00 2.89 2.40 4.27 5.00 5.27 4.49 3.10 3.02 2.19 3.02 4.63 6.26 5.01 Apr

2.41 1.00 2.89 2.40 4.17 4.96 5.26 4.41 2.98 3.09 2.18 2.92 4.56 6.07 4.92 May

2.38 1.00 2.89 2.38 4.11 4.93 5.24 4.36 2.93 2.83 2.20 2.86 4.51 5.77 4.79 Jun

2.37 1.00 2.89 2.37 4.05 4.89 5.23 4.30 2.79 2.96 2.24 2.76 4.46 5.60 4.71 Jul

2.25 1.00 2.89 2.25 3.99 4.83 5.22 4.25 2.71 2.66 2.26 2.67 4.41 5.52 4.66 Aug

Indexation to FX and FX deposits CHF and CHF-indexed

Non-financial corporationsTotal loans

to households and NPISH (4 and 28)

Total loans to


NPISH and non-financial corporations (33 and 34)

Households and NPISH Non-financial corporationsTotal loans

to non-financial corporations (8 and 32)

August 2013

80


Up to 1 year

Over 1 and up to 2 years

Over 2 years

Total Up to 1

year


Over 2 years

Total Up to 1

year


Over 2 years

Total Up to 1

year


Over 2 years

Total Up to 1

year


Over 2 years

Total

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

2010 Dec 10.63 11.80 10.92 10.64 11.32 12.31 23.51 11.36 4.66 6.00 2.11 4.56 3.66 2.79 2.36 3.64 2.45 5.78 3.25 3.61

2011 Dec 9.64 11.05 9.66 9.67 9.86 13.85 2.78 9.76 4.69 5.17 4.30 4.74 3.93 2.48 4.63 3.92 1.94 3.35 2.35 2.30

2012 Dec 9.89 11.94 11.86 9.92 10.55 16.05 19.47 10.60 4.00 4.91 5.17 4.15 2.78 3.08 0.18 2.73 2.01 2.37 2.91 2.07

2011

Aug 9.53 10.94 11.98 9.56 11.81 17.35 12.90 11.82 3.98 4.08 2.86 3.94 4.07 5.05 1.93 4.10 1.59 2.99 4.01 1.84

Sep 9.87 11.68 11.62 9.89 10.94 18.70 36.68 10.98 3.68 3.77 2.46 3.65 3.75 2.03 1.42 3.71 1.74 2.70 3.80 1.85

Oct 9.95 11.32 12.21 9.99 10.92 15.53 34.04 10.97 4.34 4.50 3.09 4.32 4.24 2.35 1.35 4.18 1.81 2.51 2.10 1.94

Nov 11.49 11.49 16.06 11.52 10.49 17.66 34.04 10.52 5.24 5.53 5.81 5.34 4.04 3.40 2.81 4.02 2.13 3.20 3.86 2.45

Dec 9.64 11.05 9.66 9.67 9.86 13.85 2.78 9.76 4.69 5.17 4.30 4.74 3.93 2.48 4.63 3.92 1.94 3.35 2.35 2.30

2012

Jan 9.58 9.00 13.97 9.59 9.83 8.52 36.89 9.85 4.29 4.09 5.08 4.32 3.72 2.50 1.81 3.69 2.02 2.40 2.22 2.08

Feb 9.40 11.06 14.66 9.59 9.37 16.83 16.21 9.41 4.37 4.52 5.53 4.69 3.94 3.77 2.21 3.89 2.13 2.89 1.92 2.26

Mar 9.71 10.94 9.92 9.71 9.07 21.07 39.17 9.13 4.39 2.53 4.39 4.32 3.76 2.64 1.33 3.67 2.01 3.22 2.84 2.09

Apr 9.27 10.55 10.25 9.27 9.37 19.28 38.77 9.43 4.36 3.26 3.95 4.30 3.46 3.38 1.50 3.45 1.94 3.21 3.19 2.04

May 9.50 11.19 5.62 9.48 8.87 22.37 26.13 8.92 4.48 4.02 4.57 4.47 3.41 2.00 0.96 3.33 2.15 3.07 3.24 2.21

Jun 9.93 9.97 9.95 9.94 10.07 19.79 34.88 10.12 4.12 3.93 4.16 4.11 3.08 3.70 1.47 3.08 2.02 2.97 2.98 2.08

Jul 10.07 9.11 11.23 10.06 10.53 20.47 39.48 10.58 4.45 3.87 4.19 4.42 2.70 3.30 0.95 2.70 1.97 3.06 2.92 2.04

Aug 9.95 10.11 8.05 9.95 10.26 17.08 36.45 10.29 4.28 3.96 4.63 4.28 3.10 3.05 1.98 3.09 1.73 3.00 2.53 1.80

Sep 10.18 11.05 3.50 10.18 10.38 15.93 38.79 10.43 4.09 3.57 4.33 4.09 2.73 3.20 2.30 2.75 1.68 2.85 2.53 1.71

Oct 10.04 9.43 8.85 10.04 10.49 14.26 22.52 10.53 3.87 4.56 5.34 4.03 2.66 3.58 0.75 2.66 1.81 2.64 2.79 1.87

Nov 10.98 12.15 14.42 11.04 10.50 10.64 31.12 10.53 4.71 5.20 5.43 4.81 2.61 2.03 0.27 2.58 2.33 2.38 2.67 2.35

Dec 9.89 11.94 11.86 9.92 10.55 16.05 19.47 10.60 4.00 4.91 5.17 4.15 2.78 3.08 0.18 2.73 2.01 2.37 2.91 2.07

2013

Jan 9.94 11.20 10.86 9.94 10.95 13.43 32.84 11.00 3.60 4.48 4.53 3.69 2.85 2.82 1.77 2.84 1.91 2.26 2.50 1.96

Feb 9.93 11.67 14.25 9.96 10.55 15.73 34.16 10.60 3.49 4.44 4.63 3.58 2.56 3.54 1.03 2.55 1.79 2.69 2.52 1.85

Mar 9.67 7.97 14.20 9.66 10.24 10.67 20.07 10.26 3.43 4.27 4.32 3.51 2.76 1.97 2.43 2.71 1.74 2.06 2.52 1.77

Apr 9.31 11.63 14.65 9.32 9.27 17.40 18.15 9.30 3.22 3.92 4.47 3.31 2.77 2.71 2.34 2.76 1.60 2.16 2.50 1.65

May 9.68 8.33 12.92 9.67 8.78 19.53 19.15 8.81 3.15 3.87 4.14 3.19 2.42 2.96 1.93 2.42 1.71 2.26 2.55 1.73

Jun 9.31 11.40 13.99 9.33 9.25 17.96 15.00 9.28 3.19 4.31 3.92 3.27 2.53 2.05 0.62 2.50 1.56 2.04 2.08 1.59

Jul 9.00 10.67 13.26 9.01 8.97 10.76 17.74 8.99 2.89 3.52 3.85 2.96 2.38 2.92 1.28 2.38 1.63 2.10 2.43 1.68

Aug 9.00 11.90 13.69 9.03 8.93 18.71 14.23 8.97 2.72 3.52 3.70 2.79 2.40 2.41 1.25 2.39 1.45 1.89 1.84 1.47

CHF and CHF-indexed

Households and NPISH

RSD In EUR and EUR-indexed

Non-financial corporations


Households and NPISHHouseholds and NPISH1) Non-financial corporations

NOTE: The data was revised from 31.08.2012. to 30.04.2013 year.

Table 12g

Weighted Interest Rates on Term Deposits by Currency – New Business(Per annum rates, in percentages)

81

August 2013

Up to 1 year


Over 2 years

Total Up to 1

year


Over 2 years

Total Up to 1

year


Over 2 years

Total

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

3.79 - - 3.79 4.59 5.92 2.12 4.51 3.84 2.78 2.20 3.82 4.81 7.45 6.65 Dec 2010

3.26 - 3.00 3.26 4.49 4.98 4.26 4.55 3.37 3.08 4.51 3.39 4.91 7.01 6.35 Dec 2011

1.64 - - 1.64 3.89 4.84 5.12 4.03 2.81 3.06 0.19 2.76 4.36 7.19 6.32 Dec 2012

2011

3.23 - - 3.23 3.92 4.01 2.87 3.89 3.13 5.00 1.76 3.20 4.14 6.68 6.03 Aug

3.61 - - 3.61 3.63 3.72 2.47 3.60 3.74 2.02 1.30 3.70 3.92 7.93 6.89 Sep

3.22 - - 3.22 4.28 4.45 3.08 4.27 3.65 2.35 1.10 3.62 4.50 7.59 6.71 Oct

3.32 2.44 - 3.30 5.17 5.47 5.80 5.27 3.51 3.34 2.19 3.51 5.38 7.69 6.07 Nov

3.26 - 3.00 3.26 4.49 4.98 4.26 4.55 3.37 3.08 4.51 3.39 4.91 7.01 6.35 Dec

2012

2.95 - - 2.95 4.14 3.97 5.06 4.18 3.58 2.50 1.27 3.56 4.70 7.71 6.76 Jan

4.01 3.50 - 3.62 4.27 4.46 5.53 4.61 3.92 3.68 2.11 3.86 5.01 7.60 6.60 Feb

4.07 - - 4.07 4.26 2.56 4.37 4.20 3.75 2.57 1.24 3.66 4.71 7.35 6.54 Mar

4.05 - - 4.05 4.23 3.25 3.94 4.18 3.49 3.25 1.41 3.48 4.58 6.86 6.30 Apr

4.00 - - 4.00 4.40 4.01 4.53 4.38 3.42 1.96 0.72 3.34 4.58 6.72 5.74 May

3.21 - - 3.21 4.02 3.91 4.12 4.02 3.02 3.61 1.64 3.03 4.28 7.33 6.20 Jun

1.55 - - 1.55 4.33 3.85 4.13 4.31 2.73 3.21 0.91 2.73 4.65 7.08 6.27 Jul

1.64 - - 1.64 4.17 3.93 4.55 4.18 3.11 2.91 1.91 3.09 4.46 7.94 6.57 Aug

1.53 1.00 - 1.52 3.98 3.56 4.31 3.98 2.74 3.08 2.21 2.75 4.36 7.89 6.68 Sep

1.52 - - 1.52 3.79 4.49 5.32 3.95 2.73 3.54 0.79 2.73 4.24 7.33 6.25 Oct

1.50 - - 1.50 4.65 5.17 5.39 4.75 2.67 1.86 0.26 2.63 4.84 7.75 5.64 Nov

1.64 - - 1.64 3.89 4.84 5.12 4.03 2.81 3.06 0.19 2.76 4.36 7.19 6.32 Dec

2013

1.51 - - 1.51 3.52 4.43 4.41 3.60 2.88 2.62 1.76 2.86 4.03 8.04 6.82 Jan

1.57 - - 1.57 3.42 4.36 4.57 3.51 2.66 2.86 1.03 2.65 4.05 7.82 6.63 Feb

1.51 - - 1.51 3.35 4.24 4.26 3.44 2.79 1.95 2.43 2.74 3.97 7.96 6.86 Mar

1.95 - - 1.95 3.13 3.87 4.42 3.22 2.79 2.71 2.34 2.78 3.86 6.97 6.17 Apr

1.63 - - 1.63 3.10 3.84 4.08 3.14 2.47 2.70 1.93 2.48 3.67 6.52 5.56 May

2.13 - - 2.13 3.12 4.27 3.89 3.20 2.53 1.95 0.62 2.50 3.64 6.99 5.87 Jun

2.46 - - 2.46 2.82 3.49 3.81 2.89 2.44 2.84 1.28 2.44 3.48 6.58 5.66 Jul

1.51 - - 1.51 2.65 3.47 3.65 2.72 2.40 2.46 1.25 2.39 3.37 6.27 5.44 Aug

Non-financial corporations

CHF and CHF-indexed Total loans to households

including NPISH and

non-financial corporations (33 and 34)

Households and NPISH Non-financial corporations

Indexation to FX and FX deposits

Total loans to households and NPISH (4 and 28)

Total loans to non-financial corporations (8 and 32)

82


Table 12h

Weighted Interest Rates on Dinar Loans(Per annum rates, in percentages)

Total ExportAgriculture (production and stocks)

Other lending

SecuritiesInterbank

liquidity loans Money market

loans Households Consumer

1 2 3 4 5 6 7 8 9

1997 77.97 37.60 70.20 83.34 44.07 99.26 194.88 27.65 32.32

1998 60.86 31.76 42.44 63.61 52.17 51.31 122.29 67.72 69.43

1999 46.06 48.58 32.82 47.23 47.23 53.04 56.90 36.69 57.80

2000 78.70 27.22 83.79 81.74 68.72 69.29 118.64 29.89 58.17

2001 34.51 14.01 44.40 36.69 29.20 31.91 56.73 23.23 30.40

2002 19.71 34.20 16.83 19.85 17.92 15.48 27.58 23.80 17.79

2003 15.48 16.83 19.58 16.02 12.30 12.69 - 24.66 20.27

2004 15.53 16.75 14.19 15.66 18.25 12.86 - 23.88 27.37

2005 16.83 13.09 13.22 16.56 21.67 12.17 - 25.24 19.71

2006 16.56 11.13 19.16 17.24 16.02 14.54 - 29.50 14.54

2007 11.26 7.93 18.33 13.35 9.71 8.18 - 30.25 20.41

2008 18.53 10.51 19.08 17.15 18.66 17.29 - 26.49 20.05

2009 11.52 9.20 18.20 13.61 10.22 8.81 - 35.44 16.83

2010 12.82 14.81 18.47 13.35 11.39 9.20 - 31.61 21.11

2009

May 15.88 13.88 23.09 14.68 15.08 12.56 - 39.54 14.81

Jun 15.34 10.71 17.86 14.51 14.37 13.01 - 40.93 12.06

Jul 13.61 10.09 17.65 13.09 12.82 10.74 - 38.74 14.68

Aug 13.35 6.55 19.44 12.56 12.56 11.52 - 39.22 15.35

Sep 14.10 6.77 21.01 15.76 12.87 11.52 - 40.76 14.79

Oct 12.95 11.78 14.81 14.28 11.78 10.74 - 38.74 13.61

Nov 12.19 3.46 20.15 14.24 10.85 9.65 - 40.60 15.20

Dec 11.52 9.20 18.20 13.61 10.22 8.81 - 35.44 16.83

2010

Jan 10.87 - 14.01 14.95 9.58 8.69 - 36.53 23.09

Feb 11.95 10.23 25.22 15.63 10.80 8.81 - 39.03 20.80

Mar 10.87 8.56 19.16 13.09 9.71 8.31 - 34.20 15.62

Apr 10.58 10.31 15.90 12.60 9.25 8.20 - 36.01 17.02

May 9.96 10.48 14.28 12.82 8.43 7.05 - 34.82 15.88

Jun 10.31 11.92 18.57 13.14 8.46 7.55 - 35.36 16.32

Jul 10.35 11.78 16.02 11.78 8.56 7.05 - 33.74 16.56

Aug 11.26 9.58 19.85 13.61 8.94 8.05 - 34.05 17.24

Sep 11.65 12.87 16.60 13.14 9.65 8.33 - 35.69 18.57

Oct 12.30 12.43 17.10 13.09 9.96 8.43 - 33.59 17.10

Nov 13.28 14.37 16.60 15.06 10.85 9.65 - 35.20 16.04

Dec 12.82 14.81 18.47 13.35 11.39 9.20 - 31.61 21.11

2011

Jan 13.48 12.30 15.08 13.22 12.17 9.58 - 33.43 24.95

Feb 15.48 8.67 21.58 15.48 14.00 10.80 - 37.45 25.54

Mar 14.01 8.05 18.06 14.15 12.82 9.96 - 31.91 20.83

Apr 14.79 8.59 19.86 14.51 13.55 9.52 - 33.61 24.54

May 14.28 7.17 19.02 14.15 12.95 8.31 32.52 19.99

Jun 14.37 11.65 17.72 13.28 13.28 9.25 - 34.56 19.57

1) Yearly data: data from December.

As the Guidelines for the Submission of Data on Lending, Deposit and Fee Rates of 28 October 1998 ceased to be valid on 1 July 2011, the last update of the table will be that of June 2011.

Short-term lending1)

NOTE:

83

August 2013

TotalExports and investments

Purchase and sale of domestic

equipment

Agricultural production

Fixed assets

Other lending

Development of housing and utilities

Residential construction

Other households

Securities

10 11 12 13 14 15 16 17 18 19 20 21

18.61 7.00 8.00 39.27 35.74 21.14 15.00 9.48 9.36 - 71.77 - 1997

11.00 - - 8.43 - 10.74 15.08 11.91 8.18 - 60.32 - 1998

15.08 - - - 3.96 14.95 15.08 19.02 12.43 - 45.40 - 1999

27.81 - 6.82 0.95 46.72 28.11 11.81 11.94 13.12 - 77.90 - 2000

9.32 - 6.80 0.95 11.91 9.20 12.56 12.30 13.48 20.55 32.52 32.97 2001

12.43 - 9.20 3.47 11.39 11.52 12.43 8.81 15.62 - 19.16 19.30 2002

10.87 8.18 11.13 20.97 7.42 11.13 6.42 7.67 16.43 - 14.81 15.75 2003

9.86 8.20 10.38 13.92 9.35 8.71 11.29 8.08 13.12 - 14.59 14.45 2004

8.43 7.17 8.43 14.28 7.67 6.92 6.30 6.30 13.61 - 14.41 13.61 2005

10.09 7.30 8.56 15.35 10.35 8.94 6.67 6.80 13.48 - 15.88 15.88 2006

10.09 7.80 13.22 14.41 13.35 10.22 7.05 6.05 13.75 - 11.13 14.81 2007

15.80 13.52 14.19 12.20 14.05 10.64 5.57 6.19 32.01 - 18.11 17.56 2008

13.75 6.55 6.80 20.97 7.80 10.22 5.06 5.68 22.95 - 11.78 15.08 2009

10.87 5.68 8.31 8.31 9.84 8.05 7.67 5.80 22.95 - 12.43 13.61 2010

2009

14.81 - - 19.30 8.94 7.42 8.81 6.80 28.76 - 15.75 17.65 May

14.10 - 15.06 17.30 9.52 8.46 8.33 6.64 28.46 - 15.20 16.46 Jun

13.48 8.31 8.69 14.95 8.69 7.67 8.43 6.42 25.82 - 13.61 15.62 Jul

15.62 8.18 8.69 9.45 10.87 7.80 4.81 6.55 25.24 12.69 13.61 16.70 Aug

17.30 16.74 10.05 21.30 10.58 10.18 7.81 6.90 24.54 - 14.37 18.86 Sep

15.75 11.26 9.58 24.52 10.09 9.71 8.31 5.92 23.23 - 13.35 17.65 Oct

16.74 15.34 - 24.54 9.12 11.65 9.12 5.87 25.13 - 12.73 18.00 Nov

13.75 6.55 6.80 20.97 7.80 10.22 5.06 5.68 22.95 - 11.78 15.08 Dec

2010

18.20 10.22 - 24.95 9.71 11.26 8.81 5.92 26.99 - 11.52 19.16 Jan

17.58 7.41 - 28.46 12.39 10.95 9.24 5.89 27.48 - 12.68 19.10 Feb

14.68 11.52 8.69 18.88 7.67 9.58 7.93 5.80 22.66 - 11.26 15.35 Mar

12.33 7.42 8.73 16.32 10.18 7.29 7.68 5.74 22.47 - 10.85 14.24 Apr

13.22 5.68 9.58 13.61 8.56 7.80 8.69 5.80 21.11 - 10.35 15.08 May

12.33 7.29 7.42 17.58 9.25 7.94 9.12 5.74 20.15 10.05 10.58 14.65 Jun

12.56 12.69 9.07 14.81 9.58 7.80 8.31 5.68 20.55 11.91 10.74 14.01 Jul

12.95 6.05 13.88 10.87 8.94 8.69 11.65 5.55 21.11 12.43 11.65 15.48 Aug

14.51 5.23 - 10.71 9.38 9.91 7.68 5.74 22.03 13.28 12.06 16.04 Sep

14.15 5.80 12.30 14.95 11.26 9.07 5.43 5.92 21.11 7.93 12.56 15.62 Oct

13.01 6.13 9.65 9.78 8.59 8.59 10.18 5.61 23.21 - 13.28 16.46 Nov

10.87 5.68 8.31 8.31 9.84 8.05 7.67 5.80 22.95 - 12.43 13.61 Dec

2011

16.15 15.48 - 10.22 12.56 10.09 9.45 6.05 26.40 14.28 13.88 16.83 Jan

16.97 13.12 13.41 15.92 9.38 12.68 8.53 7.13 27.64 14.14 15.77 18.95 Feb

13.48 5.92 6.30 9.20 8.56 9.32 8.94 6.80 22.95 - 13.88 15.62 Mar

14.24 5.61 8.33 7.81 10.85 8.86 7.68 7.42 23.50 - 14.65 16.46 Apr

14.68 5.68 12.30 9.58 9.45 9.20 9.07 7.05 23.09 14.01 14.28 16.29 May

13.55 6.26 11.52 13.01 9.25 9.38 8.20 7.16 22.18 13.82 14.24 15.76 Jun

Total lending

Corporate and

household lending

Long-term lending1)

84


Up to 15 days

Up to 1 month

Up to 2 months

Up to 3 months

Up to 6 months

Up to 1 year

Up to 2 years

Up to 3 years

Over 3 years

1 2 3 4 5 6 7 8 9 10 11 12 13 14

1997 5.92 8.21 37.53 97.05 133.55 134.83 140.29 62.69 97.49 146.13 5.06 - - -

1998 7.42 5.55 58.69 89.94 100.14 101.25 109.90 122.54 65.47 121.32 3.59 - - -

1999 0.95 0.24 - 27.28 9.58 31.61 65.84 43.09 35.44 101.92 3.10 - - -

2000 4.09 2.15 58.89 36.18 44.72 48.06 61.07 64.39 68.15 119.12 2.51 5.57 9.35 5.69

2001 2.26 1.90 0.00 34.82 32.67 37.95 38.26 44.24 34.67 66.40 1.90 6.30 17.24 6.42

2002 1.06 1.18 0.00 12.17 14.41 14.54 13.61 19.44 6.30 16.15 25.10 3.23 19.71 3.83

2003 1.30 0.71 - 9.45 11.26 14.15 10.22 14.54 7.30 12.82 11.39 1.90 10.61 2.14

2004 0.83 0.95 0.00 8.33 9.22 13.79 8.97 16.61 12.73 21.88 6.19 1.79 12.86 2.03

2005 1.06 0.71 0.00 8.43 7.67 13.09 11.13 16.29 3.59 20.83 10.22 1.30 9.71 1.54

2006 1.66 0.83 0.47 9.20 9.96 11.91 14.41 17.24 3.96 22.66 5.43 1.78 8.69 1.90

2007 1.54 0.47 3.71 9.32 7.55 10.22 11.65 13.35 8.43 16.97 3.83 2.14 9.71 2.26

2008 2.39 0.59 4.46 11.16 7.82 11.55 11.81 12.86 6.44 16.07 1.79 2.27 8.97 2.39

2009 2.14 0.47 8.69 10.74 10.48 10.35 10.35 12.95 8.81 17.24 2.86 2.14 10.87 2.26

2010 1.66 0.47 11.00 7.80 8.69 8.94 9.71 11.65 14.28 14.95 1.90 2.50 14.01 3.23

2009

May 2.02 0.59 10.87 13.35 11.39 12.04 12.04 13.22 7.17 17.10 2.26 2.38 10.22 2.50

Jun 1.96 0.61 10.45 13.01 11.11 12.33 12.46 14.10 7.55 17.72 2.21 2.46 10.45 2.59

Jul 1.90 0.59 9.58 11.26 11.52 11.39 11.52 13.75 7.55 16.83 2.26 2.26 10.22 2.38

Aug 1.90 0.47 9.58 10.87 11.65 11.52 11.39 13.88 7.80 16.97 2.86 2.26 10.74 2.38

Sep 1.72 0.49 9.91 11.65 10.58 11.65 11.79 14.24 8.33 17.58 2.46 2.34 11.11 2.46

Oct 1.90 0.47 8.43 10.87 10.74 10.48 11.26 13.48 8.56 16.97 2.74 2.26 11.39 2.38

Nov 1.84 0.61 8.73 11.38 10.18 10.98 11.25 13.82 6.90 17.58 2.96 2.46 10.85 2.59

Dec 2.14 0.47 8.69 10.74 10.48 10.35 10.35 12.95 8.81 17.24 2.86 2.14 10.87 2.26

2010

Jan 1.90 0.47 8.18 11.39 10.22 10.22 9.96 12.82 8.94 17.10 2.86 2.26 11.00 2.38

Feb 2.11 0.52 8.25 10.95 9.52 11.09 10.95 14.14 9.80 18.95 2.91 2.37 12.10 2.51

Mar 1.90 0.47 7.93 10.22 8.69 9.71 10.09 12.56 9.07 17.51 2.62 2.26 11.26 2.38

Apr 2.21 0.49 7.94 9.91 8.86 10.31 10.31 12.73 9.38 18.15 3.84 2.21 11.65 2.34

May 1.78 0.47 7.55 9.20 8.69 9.07 9.58 12.04 9.07 16.83 3.35 2.14 11.13 2.26

Jun 1.84 0.49 8.33 9.25 8.46 9.52 9.91 12.19 9.78 17.58 2.71 2.09 11.25 2.21

Jul 1.66 0.47 8.56 9.58 8.31 9.07 9.84 11.78 9.45 15.75 3.10 1.90 10.87 2.02

Aug 1.66 0.47 8.94 9.32 8.31 9.20 9.84 11.78 10.35 15.62 2.02 1.90 11.39 2.02

Sep 2.34 0.49 9.38 8.86 7.03 8.99 9.78 11.79 10.71 16.18 1.72 1.84 11.79 1.96

Oct 2.14 0.47 9.71 8.69 4.94 8.56 9.07 10.87 10.61 15.75 1.30 1.90 11.52 2.02

Nov 1.59 0.49 11.25 7.42 8.59 9.12 9.25 11.38 14.79 15.20 1.84 1.72 14.51 2.71

Dec 1.66 0.47 11.00 7.80 8.69 8.94 9.71 11.65 14.28 14.95 1.90 2.50 14.01 3.23

2011

Jan 1.54 0.47 12.03 8.05 8.69 9.20 9.84 11.65 14.28 15.08 1.90 1.78 14.01 2.74

Feb 1.71 0.52 13.40 9.80 10.23 10.66 11.38 13.12 15.92 17.13 5.89 1.97 15.63 2.91

Mar 1.42 0.35 12.29 9.07 8.81 9.58 10.22 11.78 14.28 15.35 5.43 1.78 14.01 2.62

Apr 1.59 0.37 8.11 9.78 9.25 10.18 10.71 12.19 14.79 16.04 5.74 1.72 14.51 2.59

May 1.54 0.35 7.55 9.32 8.94 9.84 10.48 11.78 14.28 15.62 5.68 1.78 14.01 2.62

Jun 1.59 0.37 10.06 9.52 8.99 10.05 10.18 12.06 14.65 16.32 5.87 1.72 14.51 2.59

NOTE:

As the Guidelines for the Submission of Data on Lending, Deposit and Fee Rates of 28 October 1998 ceased to be valid on 1 July 2011, the last update of the table will be that of June 2011.

Long-term deposits

1) Yearly data: data from December.

Short-term

Households, total

Households1)

Demand deposits

Gyro and current

accounts

Short-term deposits

Long-term

Table 12i

Weighted Interest Rates on Dinar Deposits(Per annum rates, in percentages)

85

August 2013

Up to 15 days

Up to 1 month

Up to 2 months

Up to 3 months

Up to 6 months

Up to 1 year

Up to 2 years

Up to 3 years

Over 3 years

15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

7.30 4.20 42.28 72.70 76.62 84.72 35.60 42.44 56.19 1.54 0.47 - - - 19.02 1997

6.80 2.98 42.77 52.86 44.08 47.06 27.72 49.94 2.74 1.30 3.96 - - - 16.15 1998

0.12 0.12 8.94 12.17 9.71 13.61 10.74 7.67 0.71 2.74 0.95 - - - 3.35 1999

0.83 1.07 26.63 37.59 14.59 45.21 15.93 22.45 4.70 8.84 0.71 6.82 1.55 6.44 6.31 2000

1.42 0.35 3.59 21.11 31.61 22.52 20.55 17.10 5.80 3.35 2.14 3.59 2.98 3.59 4.08 2001

1.42 0.35 11.26 8.94 11.13 8.94 8.94 13.09 8.31 1.90 2.26 2.38 2.62 2.38 2.62 2002

0.59 1.06 9.32 9.58 10.35 9.96 6.42 10.35 4.57 3.96 3.83 2.86 3.83 2.86 2.74 2003

1.31 1.55 4.58 9.86 10.90 9.22 5.69 8.08 3.11 5.94 7.82 3.72 6.82 3.84 3.60 2004

2.26 1.18 10.74 10.09 12.30 9.96 11.13 7.05 0.47 2.26 2.26 4.08 1.42 4.08 3.71 2005

1.78 1.78 12.69 12.04 11.52 11.13 13.09 6.17 1.66 0.24 3.47 5.55 2.50 5.55 5.06 2006

5.06 1.42 8.94 8.18 8.94 6.67 8.31 5.31 2.14 1.18 1.30 4.32 1.54 4.32 4.08 2007

6.44 1.67 14.59 14.45 15.80 13.52 11.16 9.22 19.08 0.12 1.31 8.20 8.08 8.20 7.32 2008

4.08 2.02 7.05 9.07 9.20 7.67 8.43 7.17 23.23 2.74 2.38 5.31 14.15 5.55 5.06 2009

5.55 2.02 8.43 7.55 10.09 8.94 7.93 6.42 17.65 6.67 1.18 5.92 12.17 6.05 5.55 2010

2009

7.67 2.38 11.39 10.35 13.48 11.65 10.22 10.74 22.38 0.47 2.02 7.93 12.56 8.05 7.30 May

7.94 2.21 11.25 9.38 13.28 10.71 9.65 10.31 26.19 0.49 4.47 7.55 13.28 7.68 6.90 Jun

7.17 2.14 8.56 8.56 11.52 9.84 9.32 10.09 25.24 0.71 4.20 6.92 12.95 7.05 6.42 Jul

6.92 2.14 8.94 8.94 11.26 9.58 9.07 10.48 26.40 0.71 4.20 6.80 13.35 6.92 6.30 Aug

7.55 2.21 8.86 10.18 11.65 9.78 9.52 10.58 25.58 0.61 2.71 7.03 15.34 7.16 6.51 Sep

7.17 2.14 9.20 10.48 10.74 8.94 8.94 9.96 24.81 1.06 2.50 6.67 14.81 6.80 6.30 Oct

5.23 2.09 8.07 10.05 10.31 8.33 8.73 9.78 26.03 1.96 3.08 6.26 15.20 6.38 5.87 Nov

4.08 2.02 7.05 9.07 9.20 7.67 8.43 7.17 23.23 2.74 2.38 5.31 14.15 5.55 5.06 Dec

2010

4.44 2.02 6.17 7.93 8.56 7.30 8.18 6.92 24.81 3.10 2.26 5.31 14.81 5.43 4.94 Jan

5.20 2.11 7.55 8.11 9.52 8.25 8.53 8.11 26.34 3.71 2.64 5.89 15.63 6.03 5.48 Feb

4.94 1.78 6.30 7.93 8.56 7.17 7.05 7.55 24.38 3.59 2.14 5.18 14.01 5.43 4.94 Mar

4.22 1.96 7.03 7.42 8.07 7.16 7.42 7.03 26.94 4.72 2.09 5.23 14.93 5.36 4.98 Apr

4.20 1.90 5.92 6.67 7.55 6.80 6.80 6.67 25.53 5.18 1.78 4.81 14.15 5.06 4.57 May

4.09 1.72 6.26 7.03 7.81 6.77 7.16 6.77 22.62 5.36 2.09 4.85 13.01 5.10 4.60 Jun

3.96 1.66 6.42 6.80 7.42 6.92 5.80 6.55 20.69 6.30 1.18 4.69 12.30 4.94 4.44 Jul

3.47 1.66 6.17 7.05 7.80 6.55 7.17 6.55 20.13 6.30 1.18 4.69 12.43 4.94 4.44 Aug

5.23 1.84 5.23 7.29 8.59 7.16 7.42 7.03 19.72 6.77 1.22 5.10 12.73 5.23 4.85 Sep

5.31 1.90 7.05 7.05 8.69 7.17 7.42 6.80 17.10 6.92 1.18 5.18 11.65 5.31 4.81 Oct

5.10 2.21 7.81 7.81 9.91 8.20 8.33 7.55 18.15 7.55 1.22 5.87 12.60 6.00 5.49 Nov

5.55 2.02 8.43 7.55 10.09 8.94 7.93 6.42 17.65 6.67 1.18 5.92 12.17 6.05 5.55 Dec

2011

4.94 2.50 8.31 9.96 10.48 9.07 8.43 6.30 17.65 7.55 1.30 6.55 12.43 6.67 6.05 Jan

5.62 2.91 9.38 9.95 12.10 10.52 10.23 6.99 19.10 8.39 1.05 7.27 13.12 7.41 6.72 Feb

4.69 2.50 9.07 9.32 10.48 9.96 9.84 6.67 17.92 7.42 1.06 6.67 12.30 6.80 6.17 Mar

5.61 2.96 9.12 8.99 11.92 10.58 10.98 8.46 18.57 8.73 1.35 7.42 12.73 7.55 6.77 Apr

7.93 2.38 9.20 8.81 11.00 10.35 11.00 8.05 16.70 8.18 1.42 6.92 11.52 7.05 6.42 May

7.29 2.46 7.81 9.12 10.85 10.31 11.52 8.07 17.30 7.81 1.59 7.03 11.11 7.16 6.51 Jun

Total deposits

Legal entities1)

Gyro and current

accounts

Short-term deposits

Legal entities,

total

Long-term

Short-term

Long-term deposits

Demand deposits

d

86

Table 13

Interest Rates on Securities

7 days 10 days 14 days 15 days 30 days 45 days 60 days 90 days 180 days

Overall weighted average

interest rate

3M 6M 12M 18M 2Y 3Y 5Y 7Y

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

2000.3)40.53 49.59 45.18

2001. 22.41 22.17 27.08 - 24.59

2002. 16.10 15.85 12.04 13.35 11.72 13.09 14.27 12.79

2003. 9.79 - 10.26 10.73 - 12.09 - - 10.37 18.21 20.63

2004. 14.01 - 15.93 11.59 16.14 - 15.95 - - 14.85 21.16 22.09

2005. 15.58 - 15.53 - 15.18 - 17.92 - - 15.58 17.54 18.39

2006. - - 17.55 - - - 21.42 - 14.84 18.02 13.48 14.55

2007 - - 10.38 - - - - - 11.66 10.40 6.44 -

2008 - - 14.67 - - - - - 15.59 14.67 5.34 -

2009 - - 12.65 - - - - - 17.92 12.65 13.51 11.95 11.86

2010 - - 8.97 - - - - - - 8.97 10.84 11.19 10.60 10.70 13.32

2011 - - 11.42 - - - - - - 11.42 12.69 12.44 12.90 12.92 13.06 14.38

2012 10.44 - 9.57 - - - - - - 9.66 12.39 11.94 13.04 13.67 13.33 15.21 14.74

2011

Aug - - 11.75 - - - - - - 11.75 11.95 12.00 13.00 12.95 12.99 14.50

Sep - - 11.39 - - - - - - 11.39 11.90 11.90 13.00 13.30 12.99 14.89

Oct - - 10.87 - - - - - - 10.87 11.60 11.65 13.00 13.30 13.19 14.89

Nov - - 10.32 - - - - - - 10.32 - 10.90 13.00 13.50 13.25 14.89

Dec - - 9.82 - - - - - - 9.82 - 10.85 - 13.30 - -

2012

Jan - - 9.69 - - - - - - 9.69 - 10.59 12.69 12.79 13.09 - 14.70

Feb - - 9.50 - - - - - - 9.50 - 10.48 12.59 13.00 13.25 14.70 -

Mar - - 9.50 - - - - - - 9.50 - 10.48 12.69 13.10 13.49 14.70 -

Apr - - 9.50 - - - - - - 9.50 - 10.48 12.50 13.20 13.28 14.99 -

��y - - 9.50 - - - - - - 9.50 - 10.48 12.58 13.39 13.83 - 15.01

Jun - - 9.94 - - - - - - 9.94 - - 13.20 13.99 14.45 14.99 -

Jul 10.77 - 10.00 - - - - - - 10.15 12.70 13.25 14.28 14.50 - 15.74 -

Aug 11.37 - - - - - - - - 11.37 12.99 13.36 - 14.94 - 15.84 -

Sep 10.86 - - - - - - - - 10.86 12.99 - 14.59 14.97 - 15.99 -

Oct 10.84 - - - - - - - - 10.84 12.50 13.45 13.99 - - 14.99 -

Nov 10.96 - - - - - - - - 10.96 11.95 12.90 12.49 13.99 - - 14.74

Dec 9.90 - - - - - - - - 9.90 11.25 - 11.87 12.90 12.99 13.95 -

2013

Jan 9.52 - - - - - - - - 9.52 10.68 - 11.24 - 12.29 - 12.94

Feb 9.40 - - - - - - - - 9.40 9.80 9.80 10.49 - - 11.39 -

Mar 9.30 - - - - - - - - 9.30 9.48 9.45 9.95 - 10.80 - - 12.65

Apr 9.27 - - - - - - - - 9.27 - 9.39 9.58 - 10.24 10.49 - 12.25

��y 8.91 - - - - - - - - 8.91 9.17 - 9.14 - 9.89 - 10.50 -

Jun 8.73 - - - - - - - - 8.73 - 9.10 9.13 - - 10.50 - -

Jul 8.88 - - - - - - - - 8.88 9.39 - 10.20 - 10.48 - 10.69 -

Aug 8.94 - - - - - - - - 8.94 9.35 9.39 - - - 12.00 - -

Weighted average interest rate on securities used in open market operations by the National

Bank of Serbia1)

1) Prior to 31st January 2005 NBS conducted open market operations through outright sale of NBS bills, whereas as of 31st January 2005 such operations are conducted through 2W repo sale of securities. From 18th July 2012 to 19th December 2012 NBS conducted 1W repo purchase of securities �nd from 19th December 2012 NBS has been conducted 1W repo sale of securities.2) The weighted yields on bonds issued against frozen foreign currency savings deposits were obtained by weighting the yield that corresponded to the prevailing price at the close of the business

3) In 2000, NBS bills were sold only during November.

Source: National Bank of Serbia, Ministry of Finance of the Republic of Serbia and Belgrade Stock Exchange a.d, Belgrade.

Weighted average interest rate on the Republic of Serbia dinar government securities


87

12M 18M 2Y 3Y 5Y 15Y 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39

2000.3)

12.89 20.05 19.36 2001.

2002.

2003.

2004.

2005.

2006.

2007

2008

2009

2010

4.48 5.40 5.00 5.85 2011

6.00 6.03 5.67 - - 2012

2011

- - - - - - - - - - - - - 5.60 5.41 5.25 5.30 5.25 Aug

- - - - - - - - - - - - - 6.00 5.49 5.20 5.31 5.08 Sep

- - - - - - - - - - - - - 5.72 5.13 5.43 5.35 5.25 Oct

- - - - - - - - - - - - - 5.46 5.59 5.52 5.79 5.74 Nov

- - - - - - - - - - - - - 6.49 5.49 5.49 6.06 5.57 Dec

2012

- - - - - - - - - - - - - 6.12 6.19 5.89 6.12 6.07 Jan

5.95 - - - - - - - - - - - - 6.44 6.17 6.09 5.56 5.41 Feb

- - 6.10 - - - - - - - - - - - 7.49 6.10 5.90 5.97 5.97 Mar

- - - - - - - - - - - - - - 6.76 5.74 6.31 6.00 6.32 Apr

- 6.19 - - - - - - - - - - - - 15.45 6.44 6.17 5.99 6.03 ��y

- 6.30 6.25 - - - - - - - - - - - - 5.46 6.00 5.86 5.32 Jun

6.15 - 6.20 - - - - - - - - - - - - 5.31 5.80 5.84 5.85 Jul

6.15 - - - - - - - - - - - - - - 5.33 6.06 6.08 6.07 Aug

6.15 - - - - - - - - - - - - - - 5.45 6.19 6.71 6.65 Sep

5.75 - - - - - - - - - - - - - - 5.11 6.05 6.15 6.22 Oct

- 5.85 - - - - - - - - - - - - - 4.09 5.61 5.60 5.66 Nov

- 5.05 4.88 - - - - - - - - - - - - 3.80 5.03 5.08 5.11 Dec

2013

- - - 4.88 - - - - - - - - - - - 5.49 4.93 4.92 4.90 Jan

3.93 - - - - - - - - - - - - - - 5.23 4.75 4.70 4.52 Feb

- - 4.88 - - - - - - - - - - - - 4.33 4.18 4.03 4.24 Mar

- - - - 5.00 - - - - - - - - - - - 6.81 4.32 4.18 4.41 Apr

- - 4.18 - - - - - - - - - - - - - 9.28 3.78 4.30 4.52 ��y

3.15 - - 4.50 - - - - - - - - - - - - - 3.97 4.12 4.30 Jun

- - 4.48 - - - - - - - - - - - - - - 3.71 4.17 4.27 Jul

- - - - 5.25 - - - - - - - - - - - - 3.90 4.16 4.28 Aug

Weigted average yield on RS bonds issued against frozen foreign currency savings deposits, by maturity2)Weighted average interest rate on the Republic of Serbia government securities in euro

August 2013

89

August 2013

II. International Economic Relations

90


91

August 2013

Table 14

Balance of Payments of the Republic of Serbia, 1997-2006(In million of euros)

I. CURRENT ACCOUNT (reclassified) -1,008 -433 -432 -158 282 -671 -1,347 -2,620 -1,778 -2,356

I. CURRENT ACCOUNT BALANCE -1,008 -433 -432 -158 -349 -1,303 -1,248 -2,295 -1,803 -3,137

1. Goods -1,554 -1,296 -1,172 -1,720 -2,602 -3,398 -3,538 -5,201 -4,278 -4,981

1.1. Export of goods, f.o.b. 2,308 2,549 1,438 1,775 2,008 2,337 2,932 3,286 4,009 5,109

1.2. Import of goods, f.o.b.1)-3,862 -3,845 -2,610 -3,495 -4,610 -5,735 -6,470 -8,487 -8,287 -10,090

2. Services 262 272 109 154 272 136 179 133 -5 -41

2.1. Export of services 605 657 336 457 685 788 915 1,189 1,320 1,839

2.2. Import of services -344 -385 -227 -304 -413 -652 -736 -1,056 -1,325 -1,880

3. Goods and services balance (1+2) -1,292 -1,024 -1,063 -1,566 -2,330 -3,262 -3,359 -5,068 -4,283 -5,022

3.1. Export of goods and services 2,913 3,206 1,774 2,232 2,693 3,125 3,847 4,475 5,329 6,948

3.2. Import of goods and services -4,206 -4,230 -2,837 -3,798 -5,023 -6,387 -7,206 -9,543 -9,612 -11,970

4. Income 21 9 7 7 -74 -119 -173 -259 -330

4.1. Receipts 51 50 39 58 54 65 61 64 80 157

4.2. Expenditure -30 -41 -32 -59 -47 -139 -180 -237 -339 -487

5. Current transfers 263 582 623 1,409 1,975 2,033 2,230 2,946 2,739 2,215

5. Current transfers (reclassified) 263 582 623 1,409 2,605 2,665 2,131 2,621 2,764 2,996

5.1. Receipts 567 902 868 1,719 3,023 3,050 2,516 3,100 3,438 4,047

5.2. Expenditure -304 -320 -245 -309 -418 -385 -385 -479 -674 -1,051

II. CAPITAL AND FINANCIAL ACCOUNT (reclassified) 1,062 204 204 380 253 1,516 2,305 2,791 3,828 6,896

II. CAPITAL AND FINANCIAL ACCOUNT 1,062 204 204 380 883 2,148 2,206 2,466 3,853 7,676

A. Capital account 0 0 0 0 0 0 0 0 670

B. Financial account 1,062 204 204 380 253 1,516 2,305 2,791 3,828 6,226

1. Foreign direct investment, net 654 101 105 54 184 500 1,194 774 1,250 3,323

2. Portfolio investment, net 0 0 0 0 0 0 0 0 355

3. Medium and long-term loans, net2)46 20 13 267 244 721 879 1,252 1,805 2,292

3.1. Drawings 108 42 27 280 299 800 1,046 1,758 2,411 4,313

3.2. Repayments -62 -21 -14 -13 -55 -79 -167 -506 -606 -2,021

of which: Advance repayments of amortization and interest 0 0 0 0 0 0 0 0 -873

4. Loans to abroad, net 0 0 0 0 0 0 -3 -13 32

5. Short-term credits and deposits, net 202 -31 -35 29 81 168 58 355 362 93

6. Other, net (reclassified) 124 74 44 27 65 225 180 379 323 130

7. Banks, net4)36 40 77 3 -321 -98 -6 34 101 1

III. ERRORS AND OMISSIONS, NET3)-35 168 201 30 27 151 -131 172 -403 -270

IV. OVERALL BALANCE 20 -62 -27 252 562 996 827 343 1,647 4,269

V. NBS FOREIGN EXCHANGE RESERVES

(increase -)4)-20 62 27 -252 -562 -996 -827 -343 -1,647 -4,269

Of which: IMF, net 0 0 0 21 -145 -276 -252 -5 15 509

Notes:

4) In the 1997-2000 period, foreign exchange reserves of the NBS and banks are shown including inter-currency changes, whereas in the 2001-2006 period, foreign exchange reserves of the NBS and banks, as new foreign currency savings, are shown excluding inter-currency changes.

2002 2003 2004 2005 20061997 1998

Pursuant to the Government’s decision of 15 June 2006 on recognition of independence of the Republic of Montenegro, trade with Montenegro has been classified by relevant transactions since 2003.

2) IMF loans included.

3) In the 1997-2000 period, the item errors and omissions, net, includes inter-currency changes, short-term commercial credits and real errors and omissions, whereas in the 2001-2006 period it includes short-term commercial credits and real errors and omissions.

Classification changes were made in the previous presentation of Serbia’s BoP – inter alia, a part of estimated remittances from the financial account was reclassified into current transfers. The change was introduced for the sake of comparability with the new presentation of Serbia’s BoP that has been in use since 1 January 2007 with the aim to fully harmonise presentation of Serbia’s BoP with IMF BPM5. In the coming period, all BoP items will be revised (on a monthly basis) in line with the new presentation.

1999 2000 2001

1) Since 1997, import of goods has been recorded in f.o.b. terms in conformity with the IMF methodology, subject to the Balance of Payments Manual, Fifth Edition, 1993. The Statistical Office of Serbia estimate has placed the c.i.f/f.o.b adjustment of the import of goods at 3.1%

SOURCE: National Bank of Serbia (ITRS) and Statistical Office of the Republic of Serbia.

Balance of Payments data are subject to corrections in line with the official data sources.

92

Table 14a

Balance of Payments of the Republic of Serbia(In million of euros)

20071) 20081) 20091) 20101) 20111) 20121) 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012. 2013.

I. CURRENT ACCOUNT -5,053 -7,054 -1,910 -1,887 -2,870 -3,155 -259 -176 -386 -115 -530 -331 -215 -143 -235 7 -290 -127 -120 -2

1. Goods2)-7,069 -8,501 -4,946 -4,581 -5,318 -5,450 -438 -363 -524 -345 -588 -444 -432 -390 -490 -354 -373 -241 -452 -217

1.1. Export f.o.b. 6,383 7,416 5,978 7,403 8,440 8,822 548 663 522 751 784 847 732 938 755 831 796 942 762 1,094

1.2. Import f.o.b. -13,451 -15,917 -10,924 -11,984 -13,758 -14,272 -986 -1,026 -1,046 -1,096 -1,371 -1,290 -1,163 -1,329 -1,245 -1,184 -1,168 -1,182 -1,214 -1,311

2. Services -261 -185 21 8 163 152 15 14 10 14 3 11 11 4 10 64 -20 20 18 43

2.1. Export 2,304 2,741 2,500 2,667 3,032 3,091 223 255 208 216 236 233 246 278 256 297 245 259 308 354

2.2. Import -2,565 -2,926 -2,479 -2,659 -2,869 -2,939 -208 -241 -198 -202 -232 -222 -235 -275 -247 -233 -264 -239 -290 -311

3. Goods and services (1+2) -7,330 -8,686 -4,926 -4,573 -5,155 -5,297 -423 -349 -513 -331 -584 -433 -421 -387 -480 -290 -393 -221 -434 -174

3.1. Export 8,687 10,157 8,478 10,070 11,472 11,913 772 918 730 966 1,019 1,080 978 1,217 1,011 1,128 1,040 1,201 1,070 1,447

3.2. Import -16,016 -18,843 -13,404 -14,643 -16,627 -17,211 -1,195 -1,267 -1,243 -1,298 -1,604 -1,512 -1,399 -1,603 -1,492 -1,417 -1,433 -1,422 -1,504 -1,622

4. Income -599 -922 -502 -670 -758 -798 -51 -9 -26 -28 -152 -153 -71 -54 -28 -50 -113 -141 -9 -65

4.1. Receipts 517 558 500 438 428 547 50 46 29 28 30 27 42 45 46 46 45 54 61 45

4.2. Payments -1,116 -1,480 -1,002 -1,108 -1,186 -1,346 -101 -55 -55 -55 -182 -181 -113 -99 -74 -96 -158 -195 -70 -110

5. Current transfers 2,876 2,554 3,518 3,356 3,043 2,941 215 183 152 244 206 255 276 298 273 347 216 235 324 237

5.1. Receipts 3,105 2,828 3,762 3,624 3,394 3,281 240 219 182 269 233 281 308 331 301 378 241 259 352 277

5.2. Payments -229 -275 -244 -268 -351 -340 -25 -36 -29 -25 -26 -26 -32 -33 -28 -31 -25 -25 -28 -40

II. CAPITAL ACCOUNT -314 13 2 1 -3 -11 -1 0 0 -1 -2 -1 -1 0 -1 10 -2 -1 0 0

1. Receipts 15 16 5 3 3 1 0 0 0 0 0 0 0 0 0 11 0 0 0 0

2. Payments -329 -3 -4 -2 -5 -12 -1 0 0 -1 -2 -1 -1 0 -1 -1 -2 -1 0 0

III. FINANCIAL ACCOUNT 5,176 7,133 2,033 1,819 2,694 2,883 232 131 347 150 485 326 230 103 218 -24 236 132 109 -28

1. Direct investment, net 1,821 1,824 1,372 860 1,827 232 -430 78 30 13 38 64 122 62 61 61 51 20 33 97

1.1. Outward -692 -193 -38 -143 -122 -42 -14 -1 -2 -16 -3 -1 -8 -1 -6 6 17 -5 -5 -1

1.2. Inward 2,513 2,018 1,410 1,003 1,949 274 -416 79 32 29 41 65 129 63 67 56 35 25 38 98

2. Portfolio investment, net 678 -91 -51 39 1,619 1,666 42 106 -110 1,211 144 84 57 -304 10 5 -8 -47 -90 -41

2.1. Assets -3 -28 -5 -30 67 -27 0 -11 -53 -8 -28 3 0 -29 1 -13 -1 24 -1 -2

2.2. Liabilities 682 -63 -46 69 1,552 1,692 42 117 -57 1,220 172 82 57 -276 9 18 -8 -71 -89 -39

3. Other investment 3,419 3,713 3,075 -9 1,049 -152 171 -307 53 15 210 202 -673 -197 -254 -256 221 -18 34 -18

3.1. Assets -1,618 -1,451 75 -792 556 -1,023 67 -28 27 -107 114 182 -719 -309 -205 -270 -61 7 20 -227

3.1.1. Commercial loans -860 -602 -395 -369 -300 -471 20 14 28 -82 -70 -124 -104 -128 -18 -89 -97 -136 -23 -41

3.1.2. Financial loans 1 -30 25 -34 -18 -174 1 -9 -6 -6 3 -8 -5 -7 -8 -9 -8 -18 -53 8

3.1.2.1. Long-term -3 -13 18 -33 -19 -174 1 -5 -6 -6 3 -8 -5 -7 -8 -9 -8 -18 -48 6

- disbursement -40 -59 -35 -64 -65 -255 -2 -5 -9 -26 -12 -9 -7 -7 -9 -9 -16 -30 -52 -8

- repayment 36 46 53 32 46 81 3 0 3 20 15 1 2 0 1 0 9 11 3 14

3.1.2.2. Short-term, net 4 -17 7 -1 1 0 0 -4 0 0 0 0 0 0 0 0 -5 2

3.1.3. Cash and deposits -710 -788 445 -389 874 -378 47 -33 5 -20 181 314 -610 -174 -179 -172 43 161 97 -193

3.1.4. Other assets -49 -31 0 0 0 0

3.2. Liabilities 5,037 5,164 2,999 783 493 871 104 -279 26 122 96 20 46 111 -50 14 282 -25 14 209

3.2.1.Commercial loans 1,619 1,559 874 285 792 920 14 -68 48 164 124 173 153 80 60 133 204 132 38 38

3.2.2. Financial loans 3,402 3,529 1,389 864 -395 -254 75 -168 -12 4 -90 -184 -90 53 -109 -203 84 -114 -8 187

3.2.2.1. Long-term 3,100 2,566 1,221 941 740 -110 48 -48 66 0 -77 -180 13 91 -51 -173 163 -139 -30 182

- disbursement 5,317 5,159 3,866 3,667 4,028 2,921 250 153 166 236 260 215 223 267 344 191 407 212 154 416

- repayment -2,218 -2,593 -2,645 -2,726 -3,288 -3,031 -202 -202 -101 -237 -337 -396 -210 -176 -396 -364 -244 -351 -184 -234

3.2.2.2. Short-term, net 302 963 168 -77 -1,135 -144 27 -119 -77 4 -14 -4 -103 -38 -57 -30 -79 26 22 6

3.2.3. Cash and deposits 69 75 314 -365 96 205 15 -44 -10 -46 62 31 -17 -21 -1 84 -6 -43 -17 -17

3.2.4. Other liabilities -53 1 0 0 0 0

3.2.4.1. NBS -56 0 0 0 0 0

Early repayment of the principal -100 0 0 0 0 0

Early repayment of interest 43 0 0 0 0 0

3.2.4.2. Other sectors 3 1 0 0 0 0

3.2.5. SDR allocation 0 0 422 0 0 0

4. Reserves with the NBS (increase -) -742 1,687 -2,363 929 -1,801 1,137 450 254 374 -1,089 92 -24 725 543 402 166 -28 177 131 -66

IV. ERRORS AND OMISSIONS, net 191 -92 -124 68 179 283 27 45 40 -34 47 6 -14 40 18 7 56 -4 11 30

V. OVERALL BALANCE 742 -1,687 2,363 -929 1,801 -1,137 -450 -254 -374 1,089 -92 24 -725 -543 -402 -166 28 -177 -131 66

Note:

�ul

2)In line with the United Nations recommendations, as of 1 January 2010 the SORS introduced a general trade system that ensures better approximation to the measures and critieria of the system of national accounts and balance of payments.

Jan

1) �onthly data are available on NBS website: http://www.nbs.rs/export/internet/latinica/80/ino_ekonomski_odnosi/platni_bilans/platni_bilans.html

BoP data are subject to corrections based on official sources.

Source: NBS (ITRS) and SORS

Balance of payments is made according to the IMF's balance of payments format, as set out in the fifth edition of the Balance of Payments Manual (1993).

Jan-Dec JunMayAprFeb Mar


93

August 2013

94

Table 15

Serbia's Exports, f.o.b.(In million of euros)

1 2 3 4 5 6 7 8 9 10 11

20064)5,102 3,132 2,087 1,353 367 250 309 1,382 3,410 2 5,102

2007 6,433 3,844 2,458 1,831 455 303 509 1,888 4,034 2 6,433

2008 7,429 4,323 2,646 2,163 545 398 757 2,070 4,601 2 7,429

2009 5,961 3,395 2,063 1,682 408 476 638 1,980 3,341 2 5,961

2010 7,393 4,467 2,656 1,894 599 433 633 2,178 4,581 1 7,393

2011 8,441 5,204 2,979 1,963 777 497 721 2,391 5,328 1 8,441

2012 8,837 5,442 3,005 1,919 880 596 883 2,855 5,098 1 8,837

2011

Jul 737 449 262 181 69 38 62 227 448 0 737

Aug 710 398 221 192 71 49 65 217 428 0 710

Sep 711 430 256 177 69 35 70 219 422 0 711

Oct 725 438 234 173 72 42 61 221 443 0 725

Nov 734 466 249 156 69 43 65 221 448 0 734

Dec 704 417 230 165 65 57 85 215 404 0 704

2012 5)

Jan 555 370 212 99 51 35 33 156 365 0 555

Feb 523 333 203 104 52 34 40 163 320 0 523

Mar 784 474 261 178 75 57 82 223 479 0 784

Apr 728 442 228 172 63 51 71 188 469 0 728

May 755 470 237 173 63 49 79 204 472 0 755

Jun 800 496 264 179 74 51 99 226 475 0 800

Jul 761 447 238 177 80 57 82 237 442 0 761

Aug 722 407 216 183 84 48 66 251 405 0 722

Sep 772 473 268 171 82 46 75 280 417 0 772

Oct 844 527 299 177 85 55 80 318 446 0 844

Nov 835 545 313 154 89 47 81 329 425 0 835

Dec 758 458 266 152 82 66 95 280 383 0 758

2013 5)

Jan 666 464 295 103 63 36 54 241 371 0 666

Feb 737 499 319 123 75 40 52 282 403 0 737

Mar 855 551 335 161 92 51 67 304 484 0 855

Apr 949 601 377 189 99 60 87 339 523 0 949

May 837 514 327 172 86 65 63 319 455 0 837

Jun 941 584 386 180 75 102 76 394 471 0 941

Jul 1,098 683 441 196 98 121 86 465 546 0 1,098

1) The SORS shows economic areas according to their composition in the latest reporting period. Apart from Serbia, the parties of the CEFTA are: Albania, Bosnia and Herzegovina, Macedonia, Moldova and Montenegro. Croatia is included in EU 28.

4) Data for all periods have been reconciled with the latest available SORS statistics.

Source: Statistical Office of the Republic of Serbia

5) Preliminary data.

2) Classification of goods by purposes in line with BEC (Broad Economic Category).3) Standard International Trade Classification Rev. 4

Total(2+4 to 6)=(7 to 10)

Total(12 to 21)

By economic area1) By purpose of goods2)

EUOf which:

EU 15 CEFTA CIS Other

Investment goods

Consumer goods

Intermediate goods

Unclassified by destination


95

12 13 14 15 16 17 18 19 20 21

845 90 221 180 23 518 1,919 562 714 31 20064)

987 128 299 168 69 667 2,257 914 912 32 2007

1,016 169 306 254 100 752 2,423 1,288 1,054 68 2008

1,076 178 208 276 86 473 1,557 1,054 962 91 2009

1,331 176 350 379 109 662 2,147 1,199 932 108 2010

1,503 196 469 353 144 718 2,492 1,406 1,083 77 2011

1,642 223 459 312 152 719 2,050 1,982 1,214 84 2012

2011

138 21 42 30 13 60 216 112 98 7 Jul

127 21 47 27 12 55 201 119 97 4 Aug

121 18 46 18 11 62 199 132 97 7 Sep

142 14 34 26 12 66 203 123 99 6 Oct

153 16 36 23 15 64 191 136 95 5 Nov

145 21 39 24 13 60 161 131 90 20 Dec

2012 5)

111 13 29 28 9 47 152 90 74 1 Jan

82 11 24 16 12 46 144 102 82 3 Feb

160 17 43 27 16 67 187 148 107 12 Mar

141 16 44 30 15 61 183 141 91 7 Apr

148 21 44 30 14 66 183 146 97 6 May

153 22 40 26 13 73 192 171 101 9 Jun

146 24 45 21 13 59 187 149 109 8 Jul

149 23 38 20 13 56 169 152 99 3 Aug

141 18 40 23 14 60 165 195 112 4 Sep

154 18 39 26 13 69 181 210 123 12 Oct

134 17 41 33 10 64 165 246 117 8 Nov

124 23 32 31 9 51 142 232 102 11 Dec

2013 5)

86 15 39 22 10 54 153 198 86 3 Jan

88 14 46 24 9 71 159 222 102 2 Feb

107 20 46 50 8 86 175 238 122 3 Mar

112 23 47 55 7 99 189 295 117 5 Apr

96 22 41 38 9 86 180 262 101 2 May

113 22 44 41 12 70 196 322 114 7 Jun

172 25 44 41 15 84 212 358 139 8 Jul

FoodBeverages

and tobacco

Crude materials, inedible

By section of the SITC3)

Commodities and

transactions, n.e.s.

Mineral fuels and lubricants

Animal and vegetable

oils and fats

Chemical products

Manufactured goods

Machinery, apparatus and

transport equipment

Miscellaneous manufactured

articles

August 2013

96

1 2 3 4 5 6 7 8 9 10 11

20064)10,463 5,977 3,725 566 2,012 1,908 1,634 2,242 6,576 11 10,463

2007 13,808 8,012 5,118 729 2,378 2,689 1,938 2,044 7,252 2,574 13,808

2008 16,283 9,359 5,815 873 2,977 3,074 2,082 2,387 8,438 3,376 16,283

2009 11,327 6,724 4,305 622 1,661 2,320 1,369 2,077 5,690 2,191 11,327

2010 12,423 7,250 4,216 767 1,958 2,448 1,425 2,579 7,706 713 12,423

2011 14,250 8,258 5,016 868 2,395 2,729 1,898 2,795 8,875 682 14,250

2012 5)14,782 9,019 5,447 781 2,254 2,728 1,860 2,851 9,095 976 14,782

2011

Jul 1,205 694 435 65 248 198 146 232 778 49 1,205

Aug 1,087 687 434 74 105 221 162 223 649 53 1,087

Sep 1,207 737 457 80 161 229 158 232 738 79 1,207

Oct 1,204 760 462 80 129 235 173 248 708 74 1,204

Nov 1,328 725 454 79 272 252 176 247 825 81 1,328

Dec 1,401 757 472 77 307 260 205 246 867 83 1,401

2012 5)

Jan 1,021 566 319 42 202 211 121 193 648 59 1,021

Feb 1,082 605 385 47 229 201 143 211 660 69 1,082

Mar 1,420 843 495 80 244 253 163 277 907 73 1,420

Apr 1,204 751 457 72 166 215 142 243 737 82 1,204

May 1,289 771 488 75 214 229 167 247 789 86 1,289

Jun 1,211 800 511 69 118 224 175 233 700 102 1,211

Jul 1,258 779 499 64 204 211 165 224 777 92 1,258

Aug 1,146 720 428 68 136 222 154 216 691 85 1,146

Sep 1,150 738 424 66 100 246 148 246 684 72 1,150

Oct 1,337 866 522 74 141 256 172 279 805 81 1,337

Nov 1,269 799 454 68 172 230 150 249 790 81 1,269

Dec 1,395 781 465 57 328 229 160 233 907 94 1,395

2013 5)

Jan 1,065 617 360 43 194 211 123 190 676 76 1,065

Feb 1,135 730 460 48 144 213 126 230 693 86 1,135

Mar 1,338 836 523 62 208 232 138 281 816 103 1,338

Apr 1,374 874 548 69 188 243 151 268 846 109 1,374

May 1,234 772 477 68 162 232 133 236 767 98 1,234

Jun 1,227 782 492 65 143 237 137 224 770 95 1,227

Jul 1,358 885 546 66 172 235 137 220 870 130 1,358

5) Preliminary data.

3) Standard International Trade Classification Rev. 4

Consumer goods

Intermediate goods

Source: Statistical Office of the Republic of Serbia

4) Data for all periods have been reconciled with the latest available SORS statistics.

2) Classification of goods by purposes in line with BEC (Broad Economic Category).

1) The SORS shows economic areas according to their composition in the latest reporting period. As of 2007, apart from Serbia, the parties of the CEFTA are: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Moldova and Montenegro.Croatia is included in EU 28.

Other

By economic area1)

Unclassified by

destination

Investment goods

Total(2+4 to 6)=(7 to 10)

By purpose2)

EU

Total(12 to 21)Of which:

EU 15 CEFTA CIS


Table 16

Serbia's Imports, c.i.f.(In million of euros)

97

12 13 14 15 16 17 18 19 20 21

516 127 499 2,067 30 1,486 2,175 2,669 881 13 20064)

467 65 442 2,235 20 1,545 2,535 2,876 1,048 2,575 2007

586 73 570 2,962 32 1,760 2,620 3,116 1,185 3,379 2008

535 82 328 1,709 32 1,447 1,875 2,214 905 2,200 2009

658 129 515 2,454 30 1,852 2,472 2,608 979 725 2010

758 142 566 2,851 32 2,131 2,750 3,250 1,083 687 2011

855 144 481 2,590 40 2,439 2,714 3,481 1,051 988 2012 5)

2011

49 13 41 260 2 195 251 255 89 49 Jul

57 11 44 120 2 186 255 263 96 53 Aug

60 14 34 219 3 177 243 273 105 79 Sep

67 13 41 188 3 177 242 291 107 74 Oct

72 17 54 290 3 176 232 305 98 81 Nov

80 20 40 378 3 177 204 324 91 84 Dec

2012 5)

60 5 43 229 2 170 154 236 62 60 Jan

61 6 30 251 2 171 169 249 74 69 Feb

79 9 48 337 3 245 234 292 99 74 Mar

64 10 38 203 3 208 241 270 84 82 Apr

72 14 42 228 3 212 249 295 87 87 May

73 14 46 124 3 211 253 304 79 104 Jun

58 15 37 209 3 216 249 294 85 93 Jul

63 11 31 176 3 188 231 269 89 85 Aug

67 17 34 152 3 201 238 265 98 75 Sep

87 13 46 163 5 217 261 348 116 81 Oct

88 15 50 190 5 201 226 318 94 82 Nov

82 15 36 328 4 199 209 341 85 95 Dec

2013 5)

77 7 33 197 4 163 170 265 73 76 Jan

71 11 41 143 5 194 198 298 88 86 Feb

76 10 39 211 8 214 226 346 105 103 Mar

83 15 50 181 5 221 243 366 100 110 Apr

75 13 35 167 5 174 222 352 90 100 May

69 14 34 142 3 176 225 373 95 96 Jun

68 11 33 179 3 201 237 397 98 131 Jul

Animal and vegetable

oils and fats

Chemical products

Mineral fuels and lubricants

Food

Commodities and

transactions, n.e.s.

Manufactured goods

By SITC sector 3)

Miscellaneous manufactured

articles

Machinery, apparatus

and transport equipment

Beverages and

tobacco

Crude materials, inedible

August 2013

98

Table 17

Bank foreign liabilities(In million dinars, end of period)

Transaction deposits

Demand deposits

Term deposits

Loans SecuritiesOther

liabilitiesDeposits Loans Securities

Other liabilities

1 2 3 4 5 6 7 8 9 10 11 12 13

2008 17,176 3,346 74,835 48,129 0 7,335 5,226 122,964 156,047 4,975 186,902 0 1,590

2009 17,162 35,465 108,484 56,607 0 9,322 6,610 165,091 233,649 8,260 253,747 0 3,874

2010 15,387 2,833 134,509 44,595 0 13,903 10,729 179,104 221,955 7,445 373,677 0 6,236

2011 13,893 6,615 42,051 20,924 0 12,457 8,512 62,975 104,451 8,055 421,592 0 13,516

2012 19,525 3,338 50,959 4,193 0 15,424 18,198 55,152 111,637 16,853 436,296 0 16,110

2011

Aug 13,242 5,058 41,419 28,270 0 14,420 8,143 69,689 110,550 9,254 374,400 0 10,399

Sep 13,767 4,854 49,889 30,173 0 14,417 8,140 80,062 121,240 9,279 375,222 0 10,095

Oct 15,176 5,895 49,272 25,204 0 13,370 9,808 74,475 118,725 8,900 382,458 0 10,152

Nov 14,213 6,378 44,096 19,388 0 12,829 9,960 63,484 106,863 7,609 405,742 0 12,939

Dec 13,893 6,615 42,051 20,924 0 12,457 8,512 62,975 104,451 8,055 421,592 0 13,516

2012

Jan 14,775 5,204 51,088 14,562 0 12,627 12,446 65,650 110,702 7,990 427,196 0 13,734

Feb 16,128 5,689 52,696 7,767 0 13,459 9,406 60,463 105,144 8,720 448,847 0 14,196

Mar 15,632 5,795 50,428 8,002 0 14,806 12,635 58,430 107,298 13,662 447,532 0 14,032

Apr 14,404 6,016 46,354 685 0 14,944 13,826 47,039 96,229 11,756 447,385 0 17,026

May 18,552 5,890 37,806 2,167 0 14,092 13,450 39,973 91,956 11,955 465,632 0 17,926

Jun 16,331 5,620 32,013 1,933 0 14,136 13,485 33,945 83,517 10,038 454,938 0 17,723

Jul 18,076 5,508 28,110 5,436 0 14,372 15,570 33,546 87,071 10,173 462,689 0 16,597

Aug 18,054 5,141 32,745 1,233 0 14,981 14,950 33,977 87,104 10,408 464,650 0 16,636

Sep 17,639 6,271 35,159 2,651 0 14,845 14,766 37,810 91,331 9,924 446,539 0 15,744

Oct 18,488 3,625 51,867 7,108 0 13,930 10,959 58,975 105,977 12,002 438,730 0 15,615

Nov 18,015 3,102 44,315 4,879 0 14,701 12,183 49,194 97,195 16,434 432,922 0 15,980

Dec 19,525 3,338 50,959 4,193 0 15,424 18,198 55,152 111,637 16,853 436,296 0 16,110

2013

Jan 18,125 3,230 40,897 748 0 15,333 13,302 41,644 91,633 16,036 422,480 0 15,691

Feb 17,586 3,332 37,219 665 0 18,221 12,954 37,884 89,977 15,796 420,637 0 17,245

Mar 19,410 3,412 37,330 3,218 0 14,910 12,284 40,548 90,564 15,023 408,728 0 17,486

Apr 17,920 3,310 32,997 131 0 14,979 14,581 33,128 83,917 14,566 408,380 0 16,640

May 19,754 3,218 31,125 865 0 14,760 22,018 31,991 91,741 13,590 406,109 0 16,588

Jun 17,858 3,372 34,511 4,408 0 15,094 15,064 38,919 90,307 15,642 413,908 0 16,852

Jul 17,749 3,718 35,147 454 0 14,920 17,844 35,600 89,832 14,422 410,496 0 16,837

Aug 17,424 3,673 26,063 192 0 14,881 15,642 26,255 77,875 14,508 415,328 0 17,056

Foreign currency

Short-term liabilities

Foreign currency

Dinar liabilities

Total(3 to 5)

Total(1+2+6+7+8)

Long-term liabilities


99

14 15 16 17 18 19

47 191,877 193,514 349,560 314,841 34,720 2008

16 262,007 265,897 499,546 427,098 72,448 2009

402 381,123 387,760 609,715 560,226 49,489 2010

73 429,647 443,236 547,687 492,622 55,065 2011

42 453,149 469,300 580,937 508,300 72,637 2012

2011

308 383,654 394,360 504,910 453,342 51,568 Aug

308 384,502 394,904 516,144 464,563 51,580 Sep

60 391,359 401,571 520,296 465,834 54,462 Oct

62 413,351 426,352 533,216 476,835 56,381 Nov

73 429,647 443,236 547,687 492,622 55,065 Dec

2012

73 435,185 448,993 559,694 500,835 58,859 Jan

72 457,567 471,834 576,979 518,030 58,949 Feb

73 461,194 475,299 582,597 519,624 62,973 Mar

72 459,142 476,239 572,468 506,181 66,287 Apr

79 477,587 495,591 587,547 517,559 69,988 May

46 464,976 482,744 566,261 498,921 67,340 Jun

48 472,861 489,506 576,578 506,407 70,171 Jul

48 475,057 491,741 578,845 509,035 69,810 Aug

48 456,463 472,255 563,586 494,273 69,313 Sep

40 450,732 466,388 572,365 509,708 62,657 Oct

47 449,356 465,383 562,578 498,550 64,028 Nov

42 453,149 469,300 580,937 508,300 72,637 Dec

2013

43 438,516 454,249 545,882 480,160 65,722 Jan

42 436,432 453,719 543,696 474,316 69,379 Feb

36 423,751 441,273 531,837 464,299 67,538 Mar

39 422,946 439,624 523,542 456,074 67,468 Apr

39 419,699 436,326 528,067 451,689 76,377 May

40 429,550 446,442 536,749 468,469 68,281 Jun

40 424,918 441,795 531,626 460,518 71,108 Jul

40 429,835 446,931 524,806 456,090 68,716 Aug

External loans(8+15)

Liabilities not included in column 18

(1+2+6+7+13+14)

Dinar liabilities

Total(10 to12)

Total(13 - 15)

Total external liabilities(9+16 )

Long-term liabilities

August 2013

100

1 2 3 4 5 6 7

2002 104.9 0.9 1,333.6 746.4 2,185.8 677.7 2,863.5 2002

2003 110.1 0.3 1,492.8 1,232.2 2,835.5 668.8 3,504.2 2003

2004 108.1 0.0 1,406.7 1,588.8 3,103.7 594.6 3,698.3 2004

2005 181.3 25.5 2,537.0 2,177.4 4,921.3 547.5 5,468.8 2005

2006 183.5 6.7 3,750.0 5,079.8 9,020.0 518.3 9,538.3 2006

2007 219.2 0.5 3,580.4 5,833.5 9,633.6 1,221.8 10,855.3 2007

2008 251.4 1.5 1,115.0 6,793.9 8,161.8 919.7 9,081.5 2008

2009 324.1 13.4 2,133.7 8,130.7 10,601.9 1,424.9 12,026.8 2009

2010 446.7 2.2 1,169.0 8,383.6 10,001.6 1,684.3 11,685.9 2010

2011 561.4 2.0 2,896.5 8,598.3 12,058.2 809.1 12,867.3 2011

2012 620.0 208.2 2,782.9 7,303.6 10,914.7 1,057.3 11,972.0 2012

2011 2011

Aug 562.7 0.5 1,424.8 8,432.0 10,420.0 1,036.7 11,456.8 Aug

Sep 541.6 7.4 2,288.5 8,520.8 11,358.2 1,088.8 12,447.1 Sep

Oct 567.2 7.6 2,246.9 8,450.5 11,272.3 1,158.4 12,430.7 Oct

Nov 604.6 1.9 2,049.6 8,742.6 11,398.7 1,133.5 12,532.2 Nov

Dec 561.4 2.0 2,896.5 8,598.3 12,058.2 809.1 12,867.3 Dec

2012 2012

Jan 609.9 7.2 2,370.0 8,617.0 11,604.1 761.8 12,365.9 Jan

Feb 614.1 2.3 1,780.1 8,778.5 11,175.0 752.0 11,927.0 Feb

Mar 581.3 2.3 1,863.7 8,626.1 11,073.4 672.8 11,746.2 Mar

Apr 587.4 7.3 1,860.0 7,932.9 10,387.6 1,020.2 11,407.8 Apr.

May 597.4 270.7 1,856.9 7,447.9 10,172.9 1,116.4 11,289.3 May

Jun 604.3 268.2 2,055.4 7,233.3 10,161.2 1,130.0 11,291.2 Jun

Jul 629.8 272.7 2,054.5 7,184.3 10,141.3 1,017.5 11,158.8 Jul

Aug 632.8 159.1 1,803.4 7,310.5 9,905.8 1,159.4 11,065.2 Aug

Sep 659.1 155.0 1,739.4 7,280.1 9,833.6 923.2 10,756.8 Sep

Oct 636.7 154.6 2,510.0 6,858.1 10,159.4 1,214.8 11,374.2 Oct

Nov 641.1 45.8 2,775.5 7,187.5 10,649.9 1,284.1 11,934.0 Nov

Dec 620.0 208.2 2,782.9 7,303.6 10,914.7 1,057.3 11,972.0 Dec

2013 2013

Jan 602.6 202.9 2,078.7 7,615.0 10,499.2 1,048.6 11,547.8 Jan

Feb 597.6 354.8 2,945.0 7,784.5 11,681.9 1,172.8 12,854.7 Feb

Mar 627.2 313.6 3,190.1 7,713.5 11,844.4 942.0 12,786.4 Mar

Apr 563.6 308.7 2,654.6 7,621.2 11,148.1 1,142.6 12,290.7 Apr

May 544.5 203.8 2,339.4 7,867.6 10,955.3 1,187.0 12,142.4 May

Jun 466.4 158.1 2,385.8 7,662.5 10,672.8 1,006.1 11,678.9 Jun

Jul 506.6 350.9 2,194.3 7,668.0 10,719.8 1,085.5 11,805.3 Jul

Aug 543.3 248.4 2,010.30 7,887.30 10,689.20 1,163.40 11,852.60 Aug

Total(5+6)

Foreign exchange reserves of the NBS

Gold SDRCash holdings and deposits

abroadSecurities

Total(1 to 4)

Foreign exchange reserves of

banks


Table 18

Foreign Exchange Reserves(In million of euros)

101

August 2013

Table 19

Forex Market(In million of euros)

spot swap

1 2 3 4 5 6 7 8

20071)22,319.0 708.7 - 4,379.8 1,179.3 66,509.0 20071)

2008 23,669.2 1,335.5 - 4,738.4 537.3 77,336.9 2008

20092)7,085.5 656.9 0.0 17,203.9 15,461.2 4,704.1 134.3 45,245.9 20092)

20103)10,764.0 2,806.2 261.7 16,924.2 24,030.3 4,287.6 7.4 59,081.4 20103)

2011 19,536.5 135.0 364.5 19,962.8 36,409.8 4,559.5 0.0 80,968.2 2011

2012 17,383.4 1,353.3 359.0 19,446.0 33,718.9 3,971.1 0.0 76,231.9 2012

2011 2011

Aug 2,420.2 10.0 27.0 1,686.2 2,582.7 394.7 - 7,120.8 Aug

Sep 2,104.6 0.0 54.0 1,598.7 2,770.6 370.4 - 6,898.3 Sep

Oct 1,258.4 0.0 33.0 1,794.0 2,654.7 352.8 - 6,092.9 Oct

Nov 1,163.4 0.0 57.0 1,750.9 2,616.1 517.8 - 6,105.2 Nov

Dec 2,100.2 30.0 70.0 2,102.2 3,466.3 471.8 - 8,240.6 Dec

2012 2012

Jan 1,819.2 0.0 60.0 1,670.3 2,978.7 300.9 - 6,829.2 Jan

Feb 1,691.2 188.5 69.0 1,169.1 2,262.7 250.3 - 5,630.8 Feb

Mar 1,017.4 310.0 58.0 1,522.6 2,574.2 296.0 - 5,778.2 Mar

Apr 816.6 210.0 20.0 1,515.2 2,401.0 353.3 - 5,316.1 Apr

May 1,086.3 472.7 8.0 1,625.5 2,286.1 294.3 - 5,772.9 May

Jun 1,820.3 107.6 24.0 1,560.4 2,421.8 316.3 - 6,250.5 Jun

Jul 1,496.7 44.5 34.0 1,563.9 2,794.5 391.7 - 6,325.4 Jul

Aug 1,609.7 15.0 6.0 1,463.8 2,594.1 373.4 - 6,062.0 Aug

Sep 1,224.7 0.0 8.0 2,246.0 3,362.5 298.3 - 7,139.5 Sep

Oct 1,883.2 5.0 30.0 1,731.1 4,043.9 393.6 - 8,086.9 Oct

Nov 1,650.9 0.0 26.0 1,514.4 3,255.7 372.2 - 6,819.2 Nov

Dec 1,267.3 0.0 16.0 1,863.5 2,743.5 330.8 - 6,221.1 Dec

2013 2013

Jan 1,155.3 5.0 26.0 1,439.9 2,862.5 242.1 - 5,730.7 Jan

Feb 683.9 5.0 18.0 1,259.6 2,855.0 296.6 - 5,118.1 Feb

Mar 790.4 0.0 32.0 1,681.2 2,756.3 347.5 - 5,607.4 Mar

Apr 808.6 70.0 40.0 1,745.8 2,757.6 445.6 - 5,867.5 Apr

May 687.0 45.0 34.0 1,394.6 1,810.7 454.9 - 4,426.1 May

Jun 1,140.5 270.0 16.0 1,411.1 2,501.6 390.1 - 5,729.3 Jun

Jul 676.2 30.0 20.0 1,708.4 2,489.3 367.1 - 5,291.0 Jul

Aug 615.1 0.0 12.0 1,508.2 2,293.3 367.4 - 4,796.1 Aug

2) Data on purchase and sale of foreign exchange and foreign cash are available, classified by the transactions with residents and nonresidents from September 3) In April 2010 the National Bank of Serbia ceased to work with authorised exchange dealers.4) Natural persons - residents and nonresidents; Legal entities - residents

Foreign exchange Foreign cash

47,056.5

Banks-the NBS

37,922.3

Banks-authorised exchange dealers,

natural persons and

legal entities 4)

The data include the amount of foreign cash which have been bought and sold by authorised exchange dealers to natural persons. These authorised exchange dealers use the software-technological application of the bank for performing exchange operations.

1) The National Bank of Serbia ceased to organize daily fixing session in June 2007.

Turnover on the Foreign Exchange Market

the NBS - authorised exchange dealers

Total(1 to 7)Bank-Bank Banks-Residents

Banks-Non residents

Between banks

Between banks and the NBS

Between banks and residents

or nonresidents

Banks/authorised exchange dealers-

natural persons3

the NBS - authorised exchange dealers

1 2 3 4 5 6 7

2004 1,610.1 1,545.1 39.1 9,093.6 1,433.2 1,903.2 15,624.3 2004

2005 1,966.9 2,032.1 7.3 11,828.3 1,879.5 2,018.7 19,732.9 2005

2006 1,588.1 5,962.1 3.5 17,791.0 2,948.9 1,777.8 30,071.2 2006

Exchange transactions

Turnover on the Foreign Exchange Market

Total(1 to 6)

Purchase and sale outside the Fixing session

Fixing session

Forex Market (since 2007)

Forex Market (2004 - 2006)

102


Table 20

Serbia's External Debt by Creditor1)(In million of euros, preliminary data)

A. MEDIUM AND LONG -TERM DEBT

9,381.4 10,120.1 8,766.6 9,124.2 9,001.6 11,222.5 13,200.8 16,067.9 18,923.3 20,461.2 21,932.9

International financial organizations 2,250.0 2,574.0 3,072.5 3,457.4 3,720.1 3,970.8 3,608.3 3,616.8 3,913.9 5,381.6 6,538.1

IMF 163.6 308.7 541.5 730.4 706.4 731.8 185.4 0.0 0.0 1,532.1 1,978.3

IBRD 1,655.7 1,815.4 1,815.4 1,815.4 1,815.4 1,801.6 1,616.0 1,603.1 1,588.0 1,238.2 1,358.7

IDA 0.0 0.0 160.9 218.4 317.5 395.1 417.9 425.4 461.2 469.1 511.7

EUROFIMA 129.2 138.6 141.8 125.1 117.7 136.1 128.2 113.2 113.6 100.5 110.5

IFC 0.0 2.0 17.8 23.0 69.7 44.7 142.0 181.6 175.9 198.2 227.2

EIB 275.6 55.8 102.9 155.8 207.0 275.2 387.0 517.7 592.5 741.9 1,032.2

European Community 0.0 223.8 223.8 259.8 259.8 273.3 273.3 273.3 273.3 273.3 273.3

EUROFOND - CEB 25.8 27.5 26.0 24.2 21.2 18.2 24.7 21.7 52.1 59.7 52.7

EBRD 0.0 2.2 42.4 105.2 205.3 294.9 382.4 418.4 584.3 675.6 859.4

EFSE 0.0 0.0 0.0 0.0 0.0 0.0 51.3 62.4 72.9 93.0 134.0

Government and their agencies 4,690.7 4,916.1 3,152.2 2,884.2 2,836.5 3,133.4 2,548.0 2,464.5 2,540.9 2,374.7 2,650.4

Paris Club - consolidated debt2) 4,168.9 4,279.7 2,518.4 2,301.9 2,231.6 2,358.3 1,761.2 1,674.3 1,674.6 1,581.0 1,616.7

Foreign Governments andgovernments' development banks

521.8 636.4 592.1 523.1 518.6 644.5 620.9 595.4 659.3 502.8 682.1

Other governments3) 0.0 0.0 41.7 59.2 86.3 130.6 165.9 194.8 207.0 290.8 351.6

London Club 2,440.8 2,606.3 2,341.9 2,189.8 854.6 982.7 871.2 780.5 819.8 808.3 754.4

Eurobonds

Other creditors 0.0 23.7 200.0 592.9 1,590.5 3,135.6 6,173.3 9,206.0 11,648.6 11,896.7 11,990.0

B. SHORT-TERM DEBT 763.2 814.4 606.1 529.5 442.0 947.7 957.9 1,050.0 2,143.3 2,004.8 1,830.4

Russia - trade debt for gas import 527.5 569.0 491.5 416.0 176.3 196.9 172.9 22.5 18.8 15.4 12.7

Other 235.7 245.4 114.6 113.4 265.8 750.9 784.9 1,027.5 2,124.5 1,989.4 1,817.7

C. NON-CONVERTIBLE

CURRENCY DEBT 3) 0.0 33.5 29.5 24.6 22.6 26.0 23.3 20.8 21.8 21.4 23.1

TOTAL DEBT (A+B+C) 10,144.7 10,968.0 9,402.1 9,678.3 9,466.2 12,196.2 14,182.0 17,138.7 21,088.4 22,487.3 23,786.4

Source: National Bank of Serbia.

2008 2009

or

3) Of the total amount of debt to Other governments 39.5 million relates to debt to Libya, while non-convertible debt is debt to the former Czechoslovakia.

200720052003 2006

2) Pursuant to the provisions of the Agreed Minute signed with the Paris Club Creditors, in the period March 2002 – December 2005, 60% of interest is capitalized and will be serviced starting from 2007 to 2014.

2002 2010

NOTE: Since September 2010 methodology for the external debt statistics has been changed so that the external public debt includes obligations under the IMF SDR allocation (EUR 446.1 mill), which was used in December 2009, as well as capitalized interest to Paris Club creditors (EUR 86.5 mill), while the loans concluded before December 20, 2000, under which the payments have not been effected, are excluded from the external debt of the private sector (EUR 867.7 mill of which EUR 397.1 mill relate to domestic banks and EUR 470.6 mill to domestic enterprises).1) Stock of Serbia's debt includes debt of Kosovo and Metohija in respect of credits concluded before the arrival of KFOR mission.

20012000 2004

103

Jan Feb Mar Apr May Jun Jul

23,453.7 25,204.5 24,998.8 26,317.2 26,337.9 25,959.7 25,791.7 25,739.4 25,783.9

7,701.6 8,118.2 8,071.8 8,009.6 8,016.4 8,085.6 8,015.3 8,051.4 8,038.1

2,076.9 1,841.0 1,792.9 1,720.1 1,699.8 1,674.2 1,567.6 1,526.0 1,491.4

1,437.2 1,452.6 1,455.9 1,455.3 1,449.9 1,457.1 1,459.4 1,443.1 1,445.4

540.9 536.7 523.5 532.5 540.6 529.7 524.2 525.9 522.5

99.6 112.2 109.7 92.4 92.8 92.1 90.8 91.6 91.7

346.1 375.6 411.3 411.6 447.0 498.6 513.2 492.2 494.4

1,472.9 2,025.7 2,020.5 2,024.9 2,045.7 2,067.6 2,079.9 2,190.1 2,219.0

373.3 328.5 328.5 328.5 328.5 328.5 328.5 328.5 328.5

73.1 72.7 71.4 71.0 71.1 83.9 86.3 87.9 89.7

1,106.8 1,200.7 1,185.8 1,201.0 1,179.4 1,192.5 1,204.0 1,191.5 1,181.0

174.7 172.3 172.3 172.3 161.5 161.5 161.5 174.5 174.5

2,763.6 2,850.0 2,797.1 2,849.0 2,892.4 2,874.9 2,894.3 2,878.0 3,083.3

1,582.0 1,475.9 1,454.2 1,470.7 1,450.1 1,434.5 1,433.4 1,434.4 1,427.5

718.3 747.5 721.7 740.7 753.2 742.0 745.8 739.6 954.9

463.3 626.7 621.2 637.7 689.0 698.4 715.1 704.0 700.9

720.4 652.1 633.5 654.7 671.9 324.2 325.7 325.1 320.6

772.8 2,084.0 2,024.6 3,233.4 3,318.8 3,244.5 3,260.0 3,254.0 3,205.4

11,495.3 11,500.3 11,471.8 11,570.5 11,438.4 11,430.4 11,296.3 11,231.0 11,136.6

647.9 493.2 371.3 372.2 360.5 315.3 284.0 308.5 309.0

9.5 7.8 7.1 7.0 6.8 6.4 6.4 6.3 6.1

638.4 485.4 364.1 365.3 353.7 308.8 277.7 302.2 303.0

23.8 23.3 22.6 23.4 24.0 23.5 23.6 23.5 23.2

24,125.4 25,721.0 25,392.7 26,712.9 26,722.4 26,298.4 26,099.3 26,071.5 26,116.2

201220112013

August 2013

104

Table 20a

External Debt of the Republic of Serbia, by Type of Debtor(In million of euros, preliminary data)

STOCK OF EXTERNAL DEBT (�+B) 10,144.68 10,967.99 9,402.11 9,678.28 9,466.23 12,196.22 14,181.96 17,138.71 21,088.41 22,487.31

�. LONG-TERM DEBT (1+2) 9,381.44 10,153.59 8,796.04 9,148.80 9,024.21 11,248.47 13,224.11 16,088.72 18,945.09 20,482.55

1. Public sector1) 9,362.99 10,106.10 8,532.47 8,446.86 7,209.66 7,807.65 6,535.25 6,251.13 6,503.02 7,762.26

of which: NBS debt under IMF Stand by arrangement

163.63 308.70 541.53 730.41 706.42 731.81 185.44 0.00 0.00 1,109.96

of which: Government obligation under IMF SDR allocation

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 422.15

2.Private sector 2) (2.1. + 2.2.) 18.45 47.49 263.57 701.94 1,814.55 3,440.82 6,688.86 9,837.59 12,442.07 12,720.29

2.1. Banks 0.00 9.63 28.33 142.58 595.14 1,161.67 2,835.41 2,713.19 2,201.32 2,596.88

2.2. Enterprises 18.45 37.86 235.23 559.35 1,219.42 2,279.15 3,853.45 7,124.41 10,240.76 10,123.41

2.3.Others - - - - - - - - - -

B. SHORT-TERM DEBT (1+2) 763.24 814.40 606.08 529.48 442.01 947.75 957.85 1,049.98 2,143.33 2,004.76

1. Public sector 1) 107.65 150.42 95.89 79.98 73.44 84.47 56.94 33.90 17.75 1.50

2. Private sector 2) (2.1. + 2.2.) 655.58 663.98 510.19 449.50 368.57 863.28 900.91 1,016.08 2,125.58 2,003.26

2.1. Banks 128.08 95.01 18.68 25.44 152.26 592.60 641.66 892.34 1,322.90 1,713.06

2.2. Enterprises 527.50 568.97 491.51 424.06 216.31 270.68 259.25 123.75 802.67 290.20

2003 20092004 2005 2007 200820062000 2001 2002

2) Private sector external debt includes non-Government-guaranteed corporate debt.

1) Public sector external debt includes the debt of the NBS, Government – state and state guaranteed, Government funds and agencies, as well as local governments.

Source: National Bank of Serbia.

NOTE: Since September 2010 methodology for the external debt statistics has been changed so that the external public debt includes obligations under the IMF SDR allocation (EUR 443,5 mill), which was used in December 2009, as well as capitalized interest to Paris Club creditors (EUR 86,4 mill), while the loans concluded before December 20, 2000, under which the payments have not been effected, are excluded from the external debt of the private sector (EUR 875,4 mill of which EUR 397 mill relate to domestic banks and EUR 478,4 mill to domestic enterprises).


105

Jan Feb Mar Apr ��y Jun Jul

23,786.42 24,125.38 25,721.00 25,392.70 26,712.88 26,722.42 26,298.42 26,099.27 26,071.5 26,116.2

21,956.02 23,477.46 25,227.82 25,021.44 26,340.64 26,361.88 25,983.16 25,815.24 25,763.0 25,807.1

9,076.43 10,773.25 12,187.32 11,977.30 13,337.01 13,482.53 13,058.09 12,947.20 12,914.0 13,038.0

1,528.85 1,617.61 1,388.72 1,352.43 1,272.65 1,245.48 1,226.74 1,121.71 1,078.9 1,047.7

449.46 459.32 452.33 440.51 447.43 454.31 447.47 445.89 447.1 443.7

12,879.59 12,704.21 13,040.49 13,044.14 13,003.63 12,879.35 12,925.07 12,868.04 12,849.0 12,769.1

3,361.95 3,782.37 3,671.64 3,653.78 3,655.28 3,530.38 3,527.01 3,500.01 3,511.3 3,496.0

9,517.64 8,921.84 9,368.85 9,390.02 9,348.00 9,347.70 9,396.79 9,366.74 9,336.4 9,271.8

- - - 0.35 0.35 1.27 1.27 1.29 1.3 1.3

1,830.41 647.92 493.18 371.26 372.24 360.54 315.26 284.03 308.5 309.0

0.00 0.00 0.00 - - - - - - -

1,830.41 647.92 493.18 371.26 372.24 360.54 315.26 284.03 308.5 309.0

1,730.69 581.73 427.93 303.20 307.15 302.80 265.89 235.79 261.5 267.0

99.72 66.19 65.25 68.06 65.09 57.73 49.36 48.23 47.1 42.0

20132010 20122011

August 2013

106

Table 21

Dinar exchange rates – end of period

1 2 3 4 5 6

1997 5.9123 4.0679 9.8558 0.7501 4.5493 1997

1998 10.0308 7.3491 16.8598 1.2414 8.7080 1998

1999 11.7350 11.6615 7.3049 18.8707 1.3692 11.4183 1999

2000 58.6750 63.1659 38.5346 94.2498 6.6170 54.9412 2000

2001 59.7055 67.6702 40.3159 98.0406 6.3235 51.5112 2001

2002 61.5152 58.9848 42.3047 94.6388 6.6910 49.3860 2002

2003 68.3129 54.6372 43.7847 96.9803 7.5111 51.0827 2003

2004 78.8850 57.9355 51.0913 111.2780 8.7606 55.8162 2004

2005 85.5000 72.2189 54.9380 124.5085 9.0864 61.5285 2005

2006 79.0000 59.9757 49.1569 117.8577 8.7364 50.4760 2006

2007 79.2362 53.7267 47.8422 107.3080 8.4040 48.0016 2007

2008 88.6010 62.9000 59.4040 90.8635 8.0817 69.6604 2008

2009 95.8888 66.7285 64.4631 107.2582 9.3442 72.2054 2009

2010 105.4982 79.2802 84.4458 122.4161 11.7734 97.2782 2010

2011 104.6409 80.8662 85.9121 124.6022 11.7015 104.1825 2011

2012 113.7183 86.1763 94.1922 139.1901 13.2203 100.0689 2012

2011 2011

Aug 101.5836 70.4024 86.1024 114.8097 11.0567 91.8810 Aug

Sep 101.1732 74.6776 82.9833 116.5053 10.9291 97.5163 Sep

Oct 100.4852 71.7957 82.2032 114.7878 11.1003 90.5027 Oct

Nov 103.9741 78.0235 84.6695 121.6498 11.3114 100.1484 Nov

Dec 104.6409 80.8662 85.9121 124.6022 11.7015 104.1825 Dec

2012 2012

Jan 106.0620 80.3926 87.9599 126.5354 11.9610 105.4504 Jan

Feb 110.1866 81.7833 91.3578 130.2288 12.4859 101.7890 Feb

Mar 111.3643 83.3129 92.3419 133.2109 12.5611 101.5634 Mar

Apr 111.8981 84.4387 93.0700 137.5007 12.5666 105.3456 Apr

May 116.6121 94.1027 97.0231 145.6195 12.9888 119.3940 May

Jun 115.8203 92.1476 96.3724 143.7155 13.1953 116.1339 Jun

Jul 117.7306 95.8016 97.9619 150.6084 14.1325 122.4193 Jul

Aug 118.4517 94.7386 98.6111 149.5225 14.1480 120.7090 Aug

Sep 115.0320 88.9377 95.0285 144.5852 13.6360 114.7451 Sep

Oct 113.2836 87.4237 93.7623 140.6027 13.1452 109.8561 Oct

Nov 112.6378 86.6511 93.4909 139.0075 13.0100 105.1903 Nov

Dec 113.7183 86.1763 94.1922 139.1901 13.2203 100.0689 Dec

2013 2013

Jan 111.6013 82.1625 90.3874 130.0260 12.9427 90.3581 Jan

Feb 111.5200 84.8448 91.2154 128.6275 13.1936 91.8692 Feb

Mar 111.9575 87.4258 91.9720 132.8557 13.3652 92.9262 Mar

Apr 110.5426 84.3901 90.0551 130.6805 12.8755 86.1595 Apr

May 111.6101 85.6103 89.6467 130.2943 13.0273 84.7650 May

Jun 114.1715 87.4141 92.5440 133.4247 12.9900 88.3817 Jun

Jul 113.8015 85.8296 92.3189 130.6711 13.0934 87.5396 Jul

Aug 114.4255 86.3980 92.8025 134.0191 13.0958 87.8912 Aug

USD(1)

CHF(1)

GBP(1)

SEK(1)

JPY(100)

EUR(1)


1 2 3 4 5 6

1997 46.9200 15.9878 98.5400 292.6300 0.3355 330.0000

19981)85.3100 29.0664 178.7300 532.4800 0.6061 600.0000

1999 85.2800 29.0903 178.9000 532.5100 0.6061 600.0000

20002)426.4000 145.4515 894.5000 2,662.5500 3.0305 3,000.0000

2001 433.9000 148.0059 910.2000 2,709.3100 3.0835 3,052.69001) On 1 April the dinar was devalued by 45% against the Deutsche Mark.2) On 6 December the dinar was devalued by 80% against the Deutsche Mark.

DEM(100)

BEF(100)

FRF(100)

NLG(100)

ITL(100)

ATS(100)

Annual Exchange Rate Movements (1997–2001)

107

August 2013

Nominal Real2)

1 2 3 4 5 6 7 8

2002 60.6940 64.2940 41.3678 96.4772 6.6253 51.3857 125.6 93.7 2002

2003 65.1170 57.5619 42.7928 94.0513 7.1371 49.7333 123.7 100.9 2003

2004 72.6937 58.4459 47.1104 107.0697 7.9674 54.0362 114.3 99.9 2004

2005 82.9904 66.8746 53.5917 121.3282 8.9358 60.6182 100.0 100.0 2005

2006 84.1101 67.0255 53.4822 123.3298 9.0874 57.6526 99.2 109.5 2006

2007 79.9640 58.3934 48.6648 116.8434 8.6398 49.6056 106.2 121.9 2007

2008 81.4405 55.7641 51.4223 102.2464 8.4571 54.3895 105.8 132.1 2008

2009 93.9517 67.4731 62.2015 105.4986 8.8521 72.1886 90.6 122.2 2009

2010 103.0431 77.9066 74.8824 120.2809 10.8201 89.1389 82.0 115.4 2010

2011 101.9502 73.3382 82.8976 117.4915 11.2785 92.1221 83.5 127.1 2011

2012 113.1277 88.1169 93.8323 139.6186 13.0029 110.4599 74.2 118.3 2012

2011 2011

Aug 102.2545 71.3027 91.4037 116.6672 11.1435 92.4270 83.8 127.8 Aug

Sep 101.2112 73.5172 84.5768 116.0565 11.0671 95.7436 83.9 127.5 Sep

Oct 100.5981 73.4466 81.7367 115.5504 11.0222 95.6981 84.4 128.4 Oct

Nov 102.6760 75.7069 83.3765 119.6372 11.2257 97.6330 82.5 126.5 Nov

Dec 102.9332 78.1530 83.7833 121.8526 11.4067 100.3758 81.8 124.4 Dec

2012 2012

Jan 105.0385 81.4112 86.7328 126.2599 11.8838 105.8067 79.8 122.2 Jan

Feb 108.1038 81.6184 89.5235 129.0229 12.2374 104.0530 78.0 119.7 Feb

Mar 110.8994 83.9135 91.8942 132.7697 12.4652 101.7488 76.0 116.6 Mar

Apr 111.6258 84.7516 92.8132 135.6720 12.5921 104.0674 75.4 115.9 Apr

May 113.6014 88.9362 94.5319 141.4037 12.6072 111.5720 73.7 114.9 May

Jun 115.7713 92.2384 96.3468 143.4262 13.0345 116.3419 72.0 113.8 Jun

Jul 116.4641 94.6657 96.9265 147.6167 13.6053 119.8373 71.3 113.3 Jul

Aug 117.8899 95.1269 98.1096 149.3858 14.2142 120.8943 70.6 113.5 Aug

Sep 116.3999 90.5164 96.2735 145.7478 13.6951 115.7830 72.0 117.7 Sep

Oct 113.8594 87.8376 94.0734 141.1547 13.2139 111.2704 73.7 123.6 Oct

Nov 112.9110 87.9326 93.6456 140.4470 13.1100 108.5502 74.2 124.7 Nov

Dec 113.5413 86.5572 93.9019 139.6567 13.1047 103.3038 74.1 123.8 Dec

2013 2013

Jan 111.9624 84.1702 90.9208 134.2874 12.9714 94.4416 75.4 127.6 Jan

Feb 111.3937 83.3515 90.5359 129.1539 13.0696 89.5194 75.8 128.5 Feb

Mar 111.7175 86.1783 91.0575 129.9876 13.3767 90.9772 75.1 126.1 Mar

Apr 111.5011 85.6813 91.3774 131.0438 13.1994 87.7607 75.3 127.6 Apr

May 110.9393 85.6255 89.1798 130.5620 12.9293 84.4410 75.7 128.0 May

Jun 114.0235 86.4037 92.5299 133.8215 13.1308 88.7079 73.9 126.0 Jun

Jul 113.9043 87.0417 92.1260 132.1739 13.1470 87.3782 73.8 125.3 Jul

Aug 114.0325 85.6022 92.4473 132.5292 13.1045 87.4976 74.0 125.9 Aug

NOTE:

The average exchange rate of the dinar against a foreign currency for a particular month/year is calculated as an arithmetic mean of the official middle exchange rates applicable on working days during that month/year.1) Indexes above 100 mean the appreciation and those below 100 the depreciation of the dinar.2) Since the beginning of 2007, the real exchange rate is calculated by using CPI (RPI earlier).

EUR(1)

USD(1)

CHF(1)

GBP(1)

SEK(1)

JPY(100)

Effective exchange rates1)

2005 = 100

Table 21a

Dinar exchange rates – average for the period

109

August 2013

III. Real Sector

110

RSD, in constant prices of the previous year

Growth rate(in %)

RSD(current prices)

1 2 3

1997 120,881.3 1997

1998 162,540.7 1998

1999 205,623.8 1999

2000 1,296,544.4 384,225.0 2000

2001 1,365,876.1 5.3 762,178.4 2001

2002 1,425,165.9 4.3 972,579.7 2002

2003 1,460,855.6 2.5 1,125,839.6 2003

2004 1,597,180.3 9.3 1,380,711.6 2004

2005 1,683,483.3 5.4 1,683,483.3 2005

2006 1,743,357.2 3.6 1,962,072.9 2006

2007 1,837,187.7 5.4 2,276,886.2 2007

2008 1,907,351.2 3.8 2,661,386.7 2008

2009 1,840,483.9 -3.5 2,720,083.5 2009

2010 1,859,012.0 1.0 2,881,891.0 2010

2011 1,888,146.7 1.6 3,208,620.2 2011

2012 1) 1,855,173.4 -1.7 3,386,169.1 2012 1)

2008 2008

Q1 437,337.7 7.0 597,114.5 Q1

Q2 469,442.7 4.1 655,875.1 Q2

Q3 494,247.8 3.9 688,483.3 Q3

Q4 506,323.0 0.9 719,913.8 Q4

2009 2009

Q1 421,157.3 -3.7 627,413.1 Q1

Q2 450,495.8 -4.0 663,926.6 Q2

Q3 479,542.6 -3.0 698,430.7 Q3

Q4 489,288.2 -3.4 730,313.0 Q4

2010 2010

Q1 421,137.9 0.0 632,866.8 Q1

Q2 453,784.8 0.7 693,355.2 Q2

Q3 486,720.1 1.5 754,406.7 Q3

Q4 497,369.3 1.7 801,262.3 Q4

2011 2011

Q1 432,642.6 2.7 726,412.8 Q1

Q2 464,060.3 2.3 786,888.5 Q2

Q3 490,289.4 0.7 830,290.5 Q3

Q4 501,154.4 0.8 865,028.3 Q4

2012 2012

Q1 421,232.9 -2.6 745,339.5 Q1

Q2 463,502.1 -0.1 827,216.7 Q2

Q3 479,966.9 -2.1 886,608.9 Q3

Q4 490,471.4 -2.1 927,004.1 Q4

2013 2013

Q1 430,133.5 2.1 831,602.6 Q1

1) Sum of four quarters

Source RSO.


Table 22

Republic of Serbia GDP(In million dinars, by quarter)

111

Mining Manufacturing Electricity, gas, steam and air

conditioning supply

1 2 3 4 5

1999 86.2 1999

2000 96.6 89.2 100.3 86.3 110.8 2000

2001 96.8 77.7 101.0 87.3 116.2 2001

2002 98.5 78.9 103.8 85.9 120.5 2002

2003 95.7 79.3 99.3 87.8 122.4 2003

2004 102.0 80.0 107.5 87.7 119.0 2004

2005 102.6 82.9 106.5 94.5 112.6 2005

2006 106.9 86.3 111.3 96.7 115.4 2006

2007 111.3 86.5 116.4 99.8 114.8 2007

2008 112.9 91.1 117.7 101.8 118.3 2008

2009 98.6 87.6 98.8 102.6 113.9 2009

2010 101.2 92.7 102.9 98.1 105.8 2010

2011 103.4 102.3 102.4 107.7 103.6 2011

2012 100.0 100.0 100.0 100.0 100.0 2012

2011 2011

Jul 99.5 88.2 102.9 90.4 97.5 Jul

Aug 99.8 109.9 100.7 92.0 92.0 Aug

Sep 108.4 110.7 111.1 97.1 97.4 Sep

Oct 111.9 115.0 111.9 110.5 104.6 Oct

Nov 112.1 110.5 108.9 125.3 109.8 Nov

Dec 109.7 113.0 105.5 125.5 106.4 Dec

2012 2012

Jan 87.6 100.9 74.9 127.7 102.7 Jan

Feb 83.5 79.8 75.6 112.9 103.7 Feb

Mar 102.5 113.1 100.7 105.0 101.2 Mar

Apr 96.7 102.0 98.1 89.8 99.9 Apr

May 99.9 80.1 106.8 83.0 98.6 May

Jun 101.0 87.3 109.4 76.8 99.4 Jun

Jul 96.5 104.8 98.0 88.0 92.5 Jul

Aug 98.9 106.1 100.2 91.0 88.4 Aug

Sep 101.1 98.0 104.5 88.6 92.8 Sep

Oct 113.7 107.1 116.4 104.8 103.0 Oct

Nov 108.3 111.4 108.3 107.5 107.7 Nov

Dec 110.5 107.7 107.4 123.5 105.7 Dec

2013 2013

Jan 89.7 112.4 77.3 125.4 103.8 Jan

Feb 94.4 99.0 88.5 113.6 105.9 Feb

Mar 103.3 105.2 98.6 119.3 105.3 Mar

Apr 102.2 98.5 106.9 87.1 102.3 Apr

May 99.4 88.1 105.6 81.9 102.3 May

Jun 104.7 87.4 111.1 88.6 101.5 Jun

Jul 108.6 107.1 109.0 107.5 95.6 Jul1) For years, previous year = 100.

Stocks of finished goodsTotal

By sector

August 2013

Table 23

Industrial Production1)(2012=100)

112

Table 24

Construction and Transport

Effective hours of workValue of construction works

performedNumber of completed

apartments

Volume of services in road passenger transport, in million

passenger kilometres

Volume of services in road freight transport, in million

ton kilometres

1 2 3 4 5

2000 131.8 13.2 55.2 3,056 582 2000

2001 113.6 17.8 55.9 5,635 475 2001

2002 110.9 29.3 89.2 5,156 460 2002

2003 145.2 35.9 115.5 3,865 452 2003

2004 150.3 50.0 136.5 3,676 277 2004

2005 142.5 62.9 136.8 4,820 680 2005

2006 142.5 79.9 131.3 4,515 797 2006

2007 146.8 100.2 137.7 4,457 1,161 2007

2008 143.1 105.1 124.2 4,720 1,112 2008

2009 115.1 85.3 137.5 4,582 1,184 2009

2010 101.3 80.1 107.0 4,652 1,689 2010

2011 105.7 103.4 82.2 4,652 1,906 2011

2012 100.0 100.0 100.0 4,640 2,472 2012

2010 2010

Jun 100.2 73.9 103.0 1,180 412 Jun

Jul Jul

Aug Aug

Sep 110.6 91.7 109.4 1,213 433 Sep

Oct Oct

Nov Nov

Dec 109.4 110.9 152.8 1,201 486 Dec

2011 2011

Jan Jan

Feb Feb

Mar 83.1 47.9 47.2 1,112 486 Mar

Apr Apr

May May

Jun 106.5 98.2 72.3 1,149 478 Jun

Jul Jul

Aug Aug

Sep 112.5 120.3 56.6 1,225 496 Sep

Oct Oct

Nov Nov

Dec 112.7 142.5 121.6 1,166 446 Dec

2012 2012

Jan Jan

Feb Feb

Mar 85.0 61.1 63.1 1,066 479 Mar

Apr Apr

May May

Jun 107.9 111.1 50.8 1,208 669 Jun

Jul Jul

Aug Aug

Sep 108.3 120.4 60.8 1,193 672 Sep

Oct Oct

Nov Nov

Dec 98.7 107.4 225.3 1,173 652 Dec

2013 2013

Jan Jan

Feb Feb

Mar 67.5 48.2 108.2 1,080 676 Mar

Apr Apr

May May

Jun 76.4 58.0 53.4 1,189 710 Jun

Source: Monthly Statistical Review, "Communications" (several issues) and data from the RSO.

Construction (2012=100) Transport


113

Current prices Constant prices Current prices Constant pricesNumber of tourists, in thousands

Number of foreign tourists,

in thousands

Number of overnights,

in thousands

Number of foreign tourists’ overnights

in thousands

1 2 3 4 5 6 7 8

2001 17.6 48.1 38.6 109.2 2,128 242 7,197 592 2001

2002 24.0 59.9 44.1 113.7 2,209 311 7,206 738 2002

2003 28.5 68.3 49.2 114.9 2,000 340 6,684 792 2003

2004 36.8 80.5 53.2 116.4 1,971 391 6,643 851 2004

2005 54.1 101.8 62.3 114.3 1,987 452 6,501 990 2005

2006 65.4 109.7 70.2 105.9 2,006 466 6,592 1,016 2006

2007 85.0 135.0 79.8 113.1 2,305 696 7,329 1,478 2007

2008 102.5 143.9 88.3 114.3 2,265 645 7,334 1,399 2008

2009 97.7 127.4 86.5 101.1 2,021 645 6,775 1,469 2009

2010 104.6 126.6 90.5 100.0 2,001 684 6,413 1,453 2010

2011 96.9 105.0 95.6 101.4 2,069 765 6,645 1,643 2011

2012 100.0 100.0 100.0 100.0 2,080 810 6,485 1,796 2012

2011 2011

Jul 101.4 109.6 102.4 108.3 205 86 767 209 Jul

Aug 102.9 111.0 104.2 110.7 221 86 804 179 Aug

Sep 100.6 108.1 109.0 115.6 196 81 593 167 Sep

Oct 106.4 113.8 99.0 104.3 210 73 575 149 Oct

Nov 99.6 105.8 93.5 97.9 120 50 359 109 Nov

Dec 112.0 119.5 99.2 103.5 133 51 368 103 Dec

2012 2012

��n 84.6 87.8 88.4 92.3 132 48 463 133 ��n

Feb 80.3 82.6 74.6 76.9 96 35 348 81 Feb

Mar 102.5 106.2 100.0 102.7 144 55 450 125 Mar

Apr 101.6 104.3 90.9 93.1 169 65 502 137 Apr

May 100.3 102.1 103.9 105.8 244 83 671 175 May

Jun 97.3 100.1 104,7 106,3 205 78 664 164 Jun

Jul 101.4 102.2 105,3 106,9 203 85 701 201 Jul

Aug 105.1 103.8 106,7 106,6 228 92 790 196 Aug

Sep 105.9 101.6 109,6 106,5 198 86 587 179 Sep

Oct 108.4 101.7 112,3 108,0 207 74 568 158 Oct

Nov 100.2 94.5 98,1 93,4 121 54 355 118 Nov

Dec 108.0 105.3 105,5 100,8 132 55 386 129 Dec

2013 2013

��n 83.7 79.6 96,0 91,3 118 42 413 114 ��n

Feb 80.9 77.2 90,2 85,9 115 42 392 102 Feb

Mar 92.7 87.6 103,5 98,0 148 59 454 138 Mar

Apr 104.4 98.4 97,8 92,4 181 63 514 144 Apr

May 104.1 98.2 112,8 106,7 260 93 696 190 May

Jun 100.2 94.0 115,5 108,6 207 90 642 186 Jun

Jul 102.7 97.0 221 101 724 226 Jul1) Monthly series do not include turnover of private trade businesses.

Note: Monthly data are preliminary.

TourismCatering indices

(2012=100) Retail trade indices1)

(2012=100)

August 2013

Table 25

Trade, Catering and Tourism

114

Number of persons

employed, total

Number of unemployed

persons

Average gross wages, total

Average net wages, total

1 2 3 4 5

1997 2,360 750 1,325 798 75 1997

1998 2,357 769 1,703 1,052 79 1998

1999 2,153 736 1,992 1,261 91 1999

2000 2,097 722 3,799 2,389 68 2000

2001 2,102 769 8,739 5,375 80 2001

2002 2,067 843 13,260 9,208 100 2002

2003 2,040 947 16,612 11,500 106 2003

2004 2,050 945 20,555 14,108 105 2004

2005 2,069 992 25,514 17,443 110 2005

2006 2,021 1,005 31,745 21,707 110 2006

2007 1,991 850 38,744 27,759 111 2007

2008 1,990 793 45,674 32,746 109 2008

2009 1,857 730 44,147 31,733 110 2009

2010 1,775 730 47,450 34,142 100 2010

2011 1,739 745 52,767 37,976 94 2011

2012 1,723 761 57,430 41,377 100 2012

2011 2011

Jul 1,747 749 54,164 39,127 98 Jul

Aug 1,744 746 53,285 38,389 98 Aug

Sep 1,738 743 53,838 38,763 89 Sep

Oct 1,738 738 52,944 38,167 86 Oct

Nov 1,738 735 53,239 38,363 86 Nov

Dec 1,739 745 61,116 43,887 98 Dec

2012 2012

Jan 1,739 764 50,829 36,639 109 Jan

Feb 1,739 777 55,505 40,003 119 Feb

Mar 1,730 783 56,125 40,562 97 Mar

Apr 1,734 775 58,465 42,215 107 Apr

May 1,733 763 56,206 40,442 97 May

Jun 1,736 755 58,712 42,335 103 Jun

Jul 1,736 753 57,240 41,180 106 Jul

Aug 1,734 752 58,503 42,122 103 Aug

Sep 1,724 751 57,207 40,258 92 Sep

Oct 1,725 753 57,733 41,558 86 Oct

Nov 1,725 755 58,914 42,395 93 Nov

Dec 1,724 761 65,165 46,923 98 Dec

2013 2013

Jan 1,724 779 54,447 39,197 101 Jan

Feb 1,724 790 60,199 43,371 107 Feb

Mar 1,725 792 57,628 41,689 96 Mar

Apr 1,725 793 64,249 46,530 109 Apr

May 1,725 784 57,921 41,821 101 May

Jun 1,723 776 61,399 44,394 101 Jun

Jul 1,723 772 60,896 44,182 97 Jul

As of 2011, data on employment in the real sector are no longer published because of the harmonisation of official statistics with international standards.

NOTE:

Indices of unit labor costs in industry

(2012 = 100)

Employment (in thousands) Wages (in dinars)


Table 26

Employment and Wages

115

1 2 3 4

1997 9.8 15.0 0.8 1.2 1997

1998 40.7 35.7 2.9 2.6 1998

1999 58.2 64.3 4.0 4.3 1999

2000 143.8 161.2 7.9 8.9 2000

2001 29.0 26.0 2.2 2.0 2001

2002 6.2 -2.9 0.5 -0.2 2002

2003 4.6 11.0 0.4 0.9 2003

2004 12.0 10.4 1.0 0.9 2004

2005 15.4 11.8 1.0 0.9 2005

2006 7.3 7.3 0.6 0.6 2006

2007 9.8 27.2 0.8 2.1 2007

2008 9.0 13.5 0.8 1.1 2008

2009 7.4 -4.8 0.6 -0.4 2009

2010 16.2 29.3 1.3 2.3 2010

2011 9.7 3.0 0.8 0.3 2011

2012 6.4 35.4 0.5 2.6 2012

2011 2011

Aug 13.4 16.1 -0.3 3.0 Aug

Sep 12.3 11.6 0.4 -2.8 Sep

Oct 11.2 12.9 -0.3 -0.6 Oct

Nov 10.3 8.1 0.3 1.4 Nov

Dec 9.7 3.0 0.4 -0.5 Dec

2012 2012

Jan 6.9 2.2 0.4 5.7 Jan

Feb 5.8 -2.2 0.8 -0.8 Feb

Mar 5.9 0.9 1.8 4.7 Mar

Apr 3.4 -1.5 0.1 -1.7 Apr

May 3.3 5.6 -0.5 6.5 May

Jun 3.4 15.4 0.1 3.9 Jun

Jul 3.8 21.8 0.5 3.1 Jul

Aug 6.2 30.3 2.1 7.8 Aug

Sep 7.0 39.0 1.1 4.3 Sep

Oct 8.1 39.1 0.7 -0.5 Oct

Nov 7.0 35.0 -0.7 -0.9 Nov

Dec 6.4 35.4 -0.1 -0.5 Dec

2013 2013

Jan 7.4 22.5 0.4 1.5 Jan

Feb 6.7 16.9 0.2 -2.3 Feb

Mar 5.4 17.3 0.0 3.4 Mar

Apr 4.9 12.5 -0.1 -3.1 Apr

May 5.1 8.4 0.0 -2.3 May

Jun 4.3 5.2 0.0 -1.4 Jun

Jul 3.5 -9.6 -0.2 -11.8 Jul

Aug 2.8 1.6 Aug

2) For annual values: average monthly rate of growth.

s

Monthly rates in %2)

1) For annual values: December on December, and for monthly values: current month over the same month a year earlier.

Producer prices of industrial products

for domestic market

Producer prices of agriculture and fishing products

Producer prices of industrial products

for domestic market

Producer prices of agriculture and fishing products

Annual rates in %1)

August 2013

Table 27

Producer Prices (Growth rates in %)

116

1 2 3 4 5 6 7 8 9 10

2007 11.0 18.4 24.3 15.6 7.3 10.5 4.3 11.1 9.1 4.4

2008 8.6 13.8 17.7 11.8 5.6 4.6 6.5 9.4 7.9 5.1

2009 6.6 0.8 -1.7 2.2 8.9 14.2 9.2 5.2 6.6 8.3

2010 10.3 10.7 10.7 10.8 10.6 9.1 13.0 8.9 9.7 9.6

2011 7.0 6.4 -0.5 9.9 6.3 11.1 5.4 6.2 7.4 5.3

2012 12.2 15.4 24.0 11.1 12.8 8.2 8.5 13.0 11.1 8.2

2011

Aug 10.5 12.8 1.1 19.1 8.3 13.7 6.6 9.9 11.5 6.6

Sep 9.3 10.6 1.1 15.4 7.4 13.6 5.7 8.5 9.8 6.0

Oct 8.7 9.9 2.6 13.6 7.0 13.2 4.9 7.8 8.8 5.3

Nov 8.1 8.8 3.0 11.9 6.7 11.3 5.5 7.4 8.2 5.6

Dec 7.0 6.4 -0.5 9.9 6.3 11.1 5.4 6.2 7.4 5.3

2012

Jan 5.6 3.4 -2.5 6.5 5.9 10.4 5.5 4.7 6.0 5.4

Feb 4.9 1.5 -3.4 4.4 6.1 10.3 5.4 0.9 5.3 5.5

Mar 3.2 -2.5 -6.1 0.1 5.1 12.3 5.0 1.7 3.2 5.5

Apr 2.7 -1.7 -1.9 -0.8 5.4 6.2 5.3 2.3 3.0 5.6

May 3.9 1.5 6.0 -0.9 5.5 5.3 5.7 3.7 3.1 5.8

Jun 5.5 4.5 13.9 -0.6 5.9 5.6 6.8 5.4 3.7 6.5

Jul 6.1 4.9 15.1 -0.1 7.5 5.3 7.8 6.4 4.7 7.1

Aug 7.9 8.8 23.6 1.7 8.3 6.4 7.2 8.3 5.6 6.7

Sep 10.3 14.2 35.5 4.0 8.8 8.2 6.1 10.8 6.3 6.4

Oct 12.9 17.0 31.3 9.8 12.0 10.4 8.0 13.5 10.1 7.6

Nov 11.9 14.9 22.7 10.6 12.1 8.8 8.3 12.6 10.6 7.7

Dec 12.2 15.4 24.0 11.0 12.8 8.2 8.5 13.0 11.1 8.2

2013

Jan 12.8 18.0 28.3 12.9 12.0 7.2 8.4 13.9 11.4 8.2

Feb 12.4 16.6 23.5 13.0 12.7 7.3 8.2 13.5 11.7 7.9

Mar 11.2 14.8 17.9 13.2 12.3 4.9 7.9 12.5 11.5 7.6

Apr 11.4 16.2 21.8 13.0 12.0 4.1 7.9 12.9 11.3 7.4

May 9.9 12.7 12.9 12.5 11.7 3.7 7.4 11.1 10.9 7.2

Jun 9.8 12.6 14.0 11.5 11.4 3.5 7.4 10.9 10.5 7.1

Jul 8.6 9.2 7.6 10.1 10.6 4.0 7.5 9.5 9.8 7.0

Aug 7.3 5.2 -1.2 9.0 10.3 6.6 6.9 7.5 9.2 6.8

CPI excluding energy

CPI excluding energy and

unprocessed food

CPI excluding energy, food, alcohol and

tobacco

1) For annual values: December on December, and for monthly values: current month over the same month a year earlier.

2) For annual values: average monthly rate of growth.

Food and non-alcoholic

beveragesServices

Annual rates, � %1)

Consumer prices (CPI) -

total

Unprocessed food

Processed food

Industrial goods excluding food

and energyEnergy


Table 27a

Consumer Prices (Growth rates in %)

117

11 12 13 14 15 16 17 18 19 20

0.9 1.4 2.0 1.2 0.6 0.8 0.3 0.9 0.7 0.4 2007

0.7 1.1 1.5 0.9 0.5 0.4 0.5 0.8 0.6 0.4 2008

0.5 0.1 0.0 0.2 0.7 1.1 0.7 0.4 0.5 0.7 2009

0.8 0.9 0.9 0.8 0.7 1.0 0.7 0.8 0.8 0.7 2010

0.6 0.5 0.0 0.8 0.5 0.9 0.4 0.5 0.6 0.4 2011

1.0 1.2 1.9 0.9 1.0 0.7 0.7 1.0 0.9 0.7 2012

2011

0.0 -1.3 -2.3 -0.8 0.5 0.4 1.4 -0.1 0.2 1.0 Aug

0.2 0.0 0.2 -0.1 0.2 0.4 0.2 0.1 0.1 0.3 Sep

0.4 0.7 2.9 -0.2 0.5 0.1 0.0 0.5 0.1 0.3 Oct

0.9 1.2 4.0 -0.1 0.4 1.0 0.9 0.9 0.3 0.8 Nov

-0.7 -2.0 -5.8 -0.2 0.2 0.0 0.2 -0.8 0.1 0.2 Dec

2012

0.1 -0.9 -0.6 -1.0 1.2 0.1 0.5 0.1 0.2 0.5 Jan

0.8 1.4 3.9 0.2 0.5 0.5 0.5 0.9 0.4 0.5 Feb

1.1 1.4 4.0 0.1 0.4 2.3 0.2 0.8 0.2 0.3 Mar

0.6 0.8 2.4 0.0 0.4 0.4 0.5 0.6 0.3 0.5 Apr

1.4 3.2 8.4 0.3 0.5 -0.3 0.5 1.7 0.4 0.5 May

1.1 1.6 3.3 0.6 0.8 0.3 1.3 1.3 0.9 1.1 Jun

0.1 -1.3 -5.2 1.1 1.6 0.0 1.4 0.2 1.3 0.8 Jul

1.6 2.3 4.8 0.9 1.3 1.4 0.9 1.7 1.0 0.6 Aug

2.3 5.0 9.9 2.1 0.7 2.0 -0.8 2.4 0.8 0.1 Sep

2.8 3.1 -0.3 5.3 3.4 2.2 1.7 2.9 3.7 1.4 Oct

0.0 -0.7 -2.9 0.6 0.5 -0.5 1.2 0.1 0.7 0.9 Nov

-0.4 -1.5 -4.8 0.3 0.8 -0.5 0.4 -0.4 0.5 0.7 Dec

2013

0.6 1.4 2.9 0.5 0.5 -0.8 0.4 0.8 0.5 0.5 Jan

0.5 0.2 0.0 0.3 1.1 0.5 0.2 0.5 0.6 0.2 Feb

0.0 -0.1 -0.6 0.2 0.1 0.1 0.0 0.0 0.1 0.0 Mar

0.8 2.0 5.7 -0.1 0.1 -0.4 0.5 1.0 0.1 0.3 Apr

0.0 0.1 0.5 -0.1 0.2 -0.6 0.1 0.1 0.0 0.3 May

1.0 1.5 4.3 -0.2 0.6 0.1 1.3 1.1 0.5 1.0 Jun

-0.9 -4.2 -10.6 -0.1 0.8 0.5 1.4 -1.2 0.7 0.7 Jul

0.4 -1.5 -3.7 -0.2 1.1 4.0 0.3 -0.1 0.5 0.4 Aug

ServicesConsumer

prices (CPI) - total

Monthly rates, � %2)

CPI excluding energy

CPI excluding energy and

unprocessed food

CPI excluding energy, food, alcohol and

tobacco

Unprocessed food

Food and non-alcoholic

beverages

Processed food

Industrial goods excluding food

and energyEnergy

August 2013

119

August 2013

IV. Fiscal Sector

120


121

August 2013

Table 28

Public Finance(In million dinars, end of period)

Republic of Serbia budget revenue Republic of Serbia budget expenditure Budget surplus / deficit

1 2 3

2003 261,914.7 304,805.8 -42,891.2 2003

2004 333,566.8 355,923.0 -22,356.3 2004

2005 418,455.1 391,606.9 26,848.2 2005

2006 499,106.0 468,804.8 30,301.2 2006

2007 580,390.0 567,715.1 12,674.9 2007

2008 653,055.1 701,405.5 -48,350.4 2008

2009 651,195.1 746,452.0 -95,256.9 2009

2010 712,225.9 812,474.6 -100,248.7 2010

2011 743,849.4 877,328.9 -133,479.4 2011

2012 788,505.9 980,443.5 -191,937.4 2012

2011 2011

Aug 61,334.5 71,501.0 -10,166.5 Aug

Sep 68,183.4 71,070.8 -2,887.4 Sep

Oct 63,528.4 74,959.9 -11,431.5 Oct

Nov 65,496.2 76,720.1 -11,224.0 Nov

Dec 72,214.8 87,918.2 -15,703.3 Dec

2012 2012

Jan 61,358.4 71,786.2 -10,427.7 Jan

Feb 43,578.9 74,783.8 -31,204.9 Feb

Mar 68,339.7 79,445.6 -11,106.0 Mar

Apr 65,857.9 96,019.2 -30,161.3 Apr

May 63,901.6 70,273.1 -6,371.5 May

Jun 55,613.7 77,536.4 -21,922.7 Jun

Jul 77,288.6 77,264.9 23.7 Jul

Aug 62,227.3 74,138.2 -11,911.0 Aug

Sep 63,415.3 85,492.9 -22,077.6 Sep

Oct 93,319.3 96,076.5 -2,757.3 Oct

Nov 64,500.6 77,935.3 -13,434.8 Nov

Dec 69,103.7 99,732.0 -30,628.4 Dec

2013 2013

Jan 66,367.5 73,355.5 -6,988.0 Jan

Feb 48,118.3 76,409.6 -28,291.3 Feb

Mar 65,189.8 79,726.4 -14,536.6 Mar

Apr 70,168.3 96,264.1 -26,095.8 Apr

May 62,212.9 79,949.9 -17,737.0 May

Jun 71,070.2 75,354.0 -4,283.8 Jun

Jul 80,433.5 83,231.3 -2,797.8 Jul

Aug 62,735.3 92,715.2 -29,979.9 Aug

Source: Republic of Serbia Ministry of Finance.

122

Table 29

Net Government Position with the Banking Sector(In million dinars, end of period)


Foreign currency

Total(1+2)


Foreign currency

Total(4+5)


Foreign currency

Total(8+9)

1 2 3 4 5 6 7 8 9 10

1999 4,268 1,446 5,714 568 306 874 4,840 3,897 258 4,155

2000 5,477 1,453 6,930 1,977 4,482 6,459 471 5,822 1,492 7,314

2001 14,685 1,479 16,164 3,733 7,259 10,992 5,172 7,051 1,732 8,783

2002 21,295 1,509 22,804 5,101 6,159 11,260 11,544 5,668 7,313 12,981

2003 19,760 0 19,760 14,312 18,107 32,419 -12,659 4,149 9,756 13,905

2004 22,407 0 22,407 28,065 9,993 38,058 -15,651 8,868 13,995 22,863

2005 16,330 181 16,511 46,642 18,810 65,452 -48,941 7,146 18,658 25,804

2006 16,450 0 16,450 29,101 103,446 132,547 -116,097 6,854 16,626 23,480

2007 10,811 0 10,811 39,139 82,001 121,140 -110,329 7,132 8,269 15,401

2008 10,892 21 10,913 30,550 41,472 72,022 -61,109 10,871 7,828 18,699

2009 11,297 3 11,300 70,702 49,389 120,091 -108,791 101,320 18,037 119,357

2010 1,315 4 1,319 63,014 54,173 117,187 -115,868 165,535 45,235 210,770

2011 1,270 5 1,275 58,180 99,498 157,677 -156,402 152,289 71,505 223,794

2012 1,221 6 1,228 67,678 106,081 173,759 -172,532 201,248 120,843 322,090

2011

Aug 1,310 5 1,314 41,705 86,623 128,328 -127,014 136,074 70,101 206,175

Sep 1,304 5 1,309 56,618 154,186 210,803 -209,494 150,099 70,453 220,553

Oct 1,306 5 1,310 51,325 157,954 209,280 -207,969 157,700 70,587 228,287

Nov 1,306 5 1,311 54,748 143,043 197,791 -196,479 156,090 71,898 227,988

Dec 1,270 5 1,275 58,180 99,498 157,677 -156,402 152,289 71,505 223,794

2012

Jan 1,263 5 1,269 59,372 98,191 157,563 -156,295 152,953 72,942 225,895

Feb 1,261 6 1,267 44,201 82,382 126,583 -125,316 163,838 72,346 236,184

Mar 1,268 6 1,273 69,330 77,982 147,312 -146,038 171,610 75,538 247,148

Apr 1,269 7 1,275 51,873 70,027 121,900 -120,625 171,907 78,238 250,145

May 1,260 7 1,267 57,312 62,314 119,626 -118,359 191,282 88,229 279,511

Jun 1,265 7 1,272 44,910 55,095 100,005 -98,733 196,609 98,643 295,253

Jul 1,259 7 1,267 51,173 46,385 97,558 -96,292 193,484 108,451 301,935

Aug 1,259 8 1,267 54,355 46,634 100,988 -99,722 199,469 112,815 312,284

Sep 1,259 8 1,267 48,802 32,597 81,399 -80,133 196,838 113,732 310,570

Oct 1,261 8 1,269 50,018 91,204 141,222 -139,954 186,966 114,973 301,939

Nov 1,260 6 1,266 52,457 154,551 207,008 -205,742 191,798 118,708 310,505

Dec 1,221 6 1,228 67,678 106,081 173,759 -172,532 201,248 120,843 322,090

2013

Jan 1,212 6 1,218 69,333 94,248 163,581 -162,363 192,676 110,521 303,197

Feb 1,217 6 1,223 58,547 211,613 270,160 -268,937 188,076 111,635 299,711

Mar 1,217 5 1,223 65,548 198,268 263,816 -262,593 193,656 120,022 313,678

Apr 1,218 5 1,223 70,174 136,473 206,647 -205,424 181,727 129,130 310,857

May 1,213 5 1,217 68,992 111,057 180,049 -178,831 186,807 129,344 316,150

Jun 1,211 5 1,216 70,197 104,483 174,679 -173,464 197,106 131,257 328,363

Jul 1,217 5 1,222 89,777 107,743 197,520 -196,298 199,120 131,679 330,799

Aug 1,217 5 1,222 86,493 99,756 186,249 -185,028 206,831 131,220 338,050

Credit to government Credit to government Net

(3-6)

1) Includes local government.

NOTES:

A new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force on 1 July 2008.

Government deposits

Government net position with the banking sector1)

Net position with the NBS Net position with banks


123


Foreign currency

Total(11+12)

11 12 13 14 15

1,753 38 1,791 2,364 7,204 1999

3,952 224 4,176 3,138 3,609 2000

7,650 456 8,106 677 5,849 2001

15,979 9,734 25,713 -12,732 -1,188 2002

11,740 5,453 17,193 -3,288 -15,947 2003

10,750 3,598 14,348 8,515 -7,136 2004

14,399 5,566 19,965 5,839 -43,102 2005

25,646 4,475 30,121 -6,641 -122,738 2006

26,933 4,377 31,310 -15,909 -126,238 2007

20,519 5,618 26,137 -7,438 -68,547 2008

22,244 6,545 28,789 90,568 -18,223 2009

13,699 16,646 30,346 180,425 64,557 2010

15,351 16,685 32,036 191,758 35,356 2011

17,943 30,364 48,307 273,783 101,251 2012

2011

18,260 15,716 33,976 172,198 45,184 Aug

18,561 15,483 34,044 186,509 -22,985 Sep

20,626 15,575 36,201 192,086 -15,883 Oct

20,683 17,114 37,797 190,191 -6,288 Nov

15,351 16,685 32,036 191,758 35,356 Dec

2012

18,687 16,103 34,791 191,104 34,810 Jan

19,880 17,428 37,307 198,877 73,561 Feb

20,179 17,511 37,690 209,457 63,419 Mar

20,161 21,120 41,280 208,865 88,240 Apr

22,121 30,181 52,302 227,210 108,851 May

22,568 31,431 53,999 241,254 142,521 Jun

22,913 31,035 53,948 247,986 151,695 Jul

23,870 30,053 53,923 258,360 158,639 Aug

25,142 29,224 54,366 256,205 176,072 Sep

22,289 26,647 48,936 253,003 113,050 Oct

24,235 29,692 53,926 256,579 50,837 Nov

17,943 30,364 48,307 273,783 101,251 Dec

2013

21,125 29,874 51,000 252,198 89,835 Jan

23,238 29,710 52,948 246,764 -22,174 Feb

25,140 35,820 60,960 252,719 -9,875 Mar

24,878 36,743 61,621 249,236 43,812 Apr

25,704 42,156 67,861 248,290 69,458 May

27,080 42,310 69,390 258,973 85,510 Jun

27,833 44,760 72,593 258,206 61,908 Jul

24,064 44,352 68,416 269,635 84,607 Aug

Total(7+14)

Government deposits Net

(10-13)

Net position with banks

Government net position with the banking sector1)

August 2013

125

Explanatory Notes to Tables

Definitions of monetary aggregates and other

financial instruments are harmonized with the System of

National Accounts and monetary and financial statistics

used by the IMF in presenting data for all countries in

the IFS statistical publication.

I. Monetary Statistics (Tables 1 to 13)

Compilation and analysis of monetary statistics in

Serbia is a responsibility of the National Bank of Serbia

(NBS). Monetary statistics comprises balance sheets of

the NBS and other depository institutions, and the

consolidated balance sheet of the banking sector. Data in

balance sheet surveys and tables derived from balance

sheets are classified by institutional sector (domestic

and external sectors) and financial instrument.

Classification of domestic sectors used in monetary

statistics is the following: 1) financial corporations, 2)

nonfinancial corporations (corporate sector), 3) public

sector, 4) households, and 5) nonprofit institutions

serving households (other clients).

Financial corporations include corporations

engaged in financial intermediation (banks, other

financial institutions, insurance companies and pension

funds). Banks include the NBS and other depository

institutions. Other financial institutions include savings

banks, savings and credit organizations, savings and

credit cooperatives, financial leasing companies,

Agency for Deposit Insurance, Belgrade Stock

Exchange, exchange offices and insurance and

reinsurance companies (at present, through banks only).

The corporate sector (enterprises) comprises public

enterprises and companies. Public enterprises are

founded by the state and perform activities in the public

interest. Banks' clients in health care and education areas

not financed from the budget (private clinics, hospitals,

schools and other institutions that charge fees to cover

operating costs) also fall into this category.

Public sector (state) includes the Republic of Serbia

(budget, administration and funds), the State Union

Serbia and Montenegro, until its accounts were

abolished, and local levels of government (regional and

municipal budgets and funds). Data for the state union

show joint income and expenditures of the constituent

republics.

The households sector includes domestic natural

persons, foreign natural persons – residents, private

households with employed persons, registered

agricultural producers and entrepreneurs.

The sector of other clients (nonprofit institutions

serving households – NPISHs) comprises legal entities

and natural persons registered for providing goods and

services for political and business purposes which are

not profit oriented (humanitarian, philanthropic and

trade associations, employers' associations and other

126Statistical Bulletin

associations promoting interests of social groups that

control or finance them).

Data on claims and liabilities refer to the position at

the end of period, in millions of dinars, with foreign

exchange positions expressed in the dinar equivalent

value at the daily middle rate of exchange at the end of

the period.

Main Monetary Aggregates(Tables 1, 2, 4, 4a and 7 to 9)

The above tables show data on the main monetary

aggregates: money supply and reserve money according

to the narrow and broad definitions.

The money supply (M1) consists of currency in

circulation and funds in gyro, current and other accounts

belonging to the owners of money balances in banks'

liabilities, including money balances in the accounts of

local government bodies, i.e. accounts from which

payments can be made without any restrictions.

The money supply M2, in addition to M1, includes

other dinar deposits, both short- and long-term.

The money supply M3, in addition to M2, includes

short- and long-term foreign currency deposits (without

the so called frozen foreign currency savings).

Dinar reserve money, i.e. reserve money according

to the narrow definition, consists of currency in

circulation, bank dinar reserves and dinar reserves of

other sectors if they are held with the NBS.

Reserve money according to broader definition also

includes foreign currency deposits of banks with the

NBS.

Balance Sheet of the NBS (Table 2)

The balance sheet of the NBS encompasses all

claims and liabilities of the NBS resulting from its

operations in the country and its relations with the rest

of the world. Flows in reserve money creation are shown

on the assets side, and on the liabilities side, types of

reserve money holdings.

The following claims and liabilities of the NBS are

shown in individual columns:

Assets

Foreign exchange reserves (Column 4) includes

monetary gold, special drawing rights (SDRs), foreign

exchange and foreign cash, as well as foreign securities

in net amounts. Other foreign assets (Column 5)

includes non-convertible currency and other short-term

claims on the rest of the world.

NBS claims on the Government include dinar and

foreign currency claims of the National Bank of Serbia

on the Government.

Claims on banks (Column 12) comprises short- and

127August 2013

long-term dinar and foreign currency claims on banks.

Claims on public enterprises, non-banking financial

organizations and other sectors are disclosed separately.

Other assets (Column 20) shows other claims

(different claims in course of settlement, prepayments

and accrued income, funds in transit and suspense

accounts, capital assets, etc.).

Liabilities

Foreign liabilities of the NBS (Column 3) comprises

disbursement of IMF credit and credits from other

foreign creditors, due obligations towards the IMF, as

well as other short- and long-term obligations to non-

residents.

Dinar reserve money (Column 13), i.e. dinar

liabilities of the NBS, includes currency in circulation

and bank dinar reserves with the NBS (required reserves

of banks, and excess reserves, which comprise banks'

gyro-accounts and vault cash as well as excess deposit

money), dinar reserves of other sectors, primarily local

governments.

Banks' required reserves in foreign currency and

other foreign currency deposits of banks with the NBS

are included in the broad definition of reserve money

(Column 15).

Government deposits, time and other dinar deposits

of other sectors, and limited deposits that refer mostly to

assets of banks undergoing liquidation, are disclosed

separately. Liabilities of the National Bank of Serbia in

respect of repo transactions are also disclosed

separately, as are capital accounts and IMF accounts

with the National Bank of Serbia.

Other liabilities show other obligations in course of

settlement, accruals and deferred income etc.

Balance Sheet of Banks(Table 3)

The balance sheet of banks comprises claims and

liabilities of banks operating in the territory of the

Republic of Serbia. The balance sheet is aggregate, i.e.

includes interbank claims and liabilities, and liabilities

and claims in respect of the National Bank of Serbia.

The following claims and liabilities are shown in

separate columns:

Assets

Foreign exchange claims (Column 3) covers foreign

currency accounts with banks abroad (Column 1) and

other claims on the rest of the world (Column 2).

Claims on government (Column 6) includes claims

on the Republic of Serbia, excluding local government

bodies.

Claims on the NBS (Column 15) includes dinar and

foreign currency assets banks hold with the NBS.

Claims on other clients (Column 22) includes dinar

and foreign currency credits and other claims of banks

on enterprises, households, local government bodies and

other clients. Claims are disclosed in gross amounts, i.e.

they are not reduced by allowances for impairment.

Fixed and other assets (Columns 23 and 24) include

capital assets and other claims, such as claims in course

of settlement, prepayments and accrued income, claims

from internal relationships, etc.

Liabilities

Foreign exchange liabilities (Column 1) covers

obligations under short- and long-term loans and

deposits in foreign currency to nonresidents.

Demand deposits (Column 11) are shown by sector

and represent funds in their accounts (transaction

deposits), from which direct payments are effected (gyro

and current accounts and other transaction deposits).

Dinar savings and time deposits, as well as foreign

currency deposits, are shown by sector and by account

holder.

Liabilities to the NBS (Column 26) comprises dinar

and foreign currency liabilities to the NBS.

Capital and reserves are disclosed separately, as are

provisions for loan losses and other losses. Other

liabilities include different liabilities that could not be

classified by instrument.

Consolidated Banking System Balance Sheet (Table 4)

Consolidated bank balance sheet includes all claims

and liabilities of the National Bank of Serbia and banks

on the rest of the world and non-banking sectors in the

country. Claims and liabilities between the National

Bank of Serbia and banks, and interbank claims and

liabilities are consolidated, i.e. offset.

Assets show claims on the rest of the world and

domestic clients, while liabilities show obligations to the

rest of the world and domestic clients. Deposits are

grouped in monetary aggregates M1, M2 and M3.

Monetary Survey (Table 4a)

Monetary survey gives an overview of money creation

and withdrawal based on the consolidated banking system

balance sheet. Claims and liabilities to the rest of the world

are disclosed in both gross and net amounts, i.e. claims and

liabilities are offset.

Net domestic assets include net claims on government,

i.e. claims on government less government deposits with the

banking sector, credits to other sectors and other net assets.

Liabilities show monetary aggregates, capital accounts

and provisions for loan losses and other losses.

Non-Monetary Sectors Deposits with Banks (Tables 5, 5a, 5b, 5c and 5d)

Tables 5 and 5a show data on deposits of non-

monetary sectors with banks by maturity and sector.

Methodologically, they correspond to deposits from

Table 3.

In total dinar and FX household deposits,

entrepreneurs are recorded in separate columns.

Corporate deposits (Table 5b) and household

deposits (Table 5c) are shown under deposits hedged

against risk and FX receivables by currency structure.

Table 5d shows data on corporate deposits by

economic activity. Sectoral structure is aligned with the

Law on Classification of Activities and Register of

Classification Units.

Total dinar and FX deposits include deposits of

public enterprises and companies.

Bank Claims on Non-Monetary Sectors(Tables 6, 6a, 6b, 6c, 6d, 6e and 6f )

Tables 6 and 6a show the maturity breakdown of

dinar and FX bank claims on public enterprises and

companies, households, local government, other

financial organisations and on non-profit and other

organisations. Short-term claims (Table 6) are broken

down into foreign currency and dinar claims, with dinar

claims broken down further into loans, securities and

claims on interest and fees. Long-term claims (Table 6a)

are broken down into dinar (loans, securities and shares)

and FX claims. The last two columns of Table 6a show

provisioning against losses of enterprises and

households on both short- and long-term claims.

Bank claims on the corporate sector (Table 6b) and

households (Table 6c) are shown as risk hedged dinar

claims and FX claims by currency.

Bank claims on the corporate sector (Table 6d)

include total dinar and FX claims and are shown by

sector of economic activity pursuant to the Law on

Classification of Activities and Register of

Classification Units. In Tables 6b and 6d total bank

claims on the corporate sector are composed of claims

on public enterprises and claims on companies.

Tables 6e and 6f show bank claims on corporate and

household sectors by purpose of loans and other claims.

Household Savings (Table10)

The table shows dinar and foreign currency

household savings by maturity. Short-term savings are

broken down into demand deposits and deposits termed

up to one month, three months, six months and one year,

128

while long-term savings are broken down into deposits

up to two and five years and deposits over five years.

Composition of Household Savings (Table10a)

The table shows dinar and foreign currency

household savings by maturity. Short-term savings are

broken down into demand deposits and deposits termed

up to one month, three months, six months and one year,

while long-term savings are broken down into deposits

up to two and five years and deposits over five years.

Interest Rates of the NBS (Table 11)

This table shows the level of interest rates which the

NBS calculates and charges on placements from reserve

money issue and on all other claims, as well as the rates

of interest paid on the assets deposited with the NBS.

Weighted Interest Rates on Loans by Type, Maturity andPurpose – Outstanding Amounts(Table 12/1)

The table shows weighted average annual interest rates

on loans to households and NPISHs (gross carrying

amount) as at the last day of the reporting month. NPLs and

loans for debt restructuring at rates considerably below

market rates are not included.

Weighted Interest Rates on Loans by Type, Maturity andPurpose – Outstanding Amounts(Table 12/2)

The table shows weighted average annual interest rates

on loans to households and NPISHs and non-financial legal

persons (gross carrying amount) as at the last day of the

reporting month. NPLs and loans for debt restructuring at

rates considerably below market rates are not included.

Weighted Interest Rates on Loans by Type, Maturity andPurpose – New Business (Table 12a/1)

The table shows weighted average annual interest

rates on loans contracted during the reporting month,

except interest rates on loans for debt restructuring

which are considerably below market rates. Shown in

the table are weighted average annual interest rates on

loans to households and NPISHs.


129

Weighted Interest Rates on Loans by Type, Maturity andPurpose – New Business (Table 12a/2)


rates on loans contracted during the reporting month,

except interest rates on loans for debt restructuring

which are considerably below market rates. Shown in

the table are weighted average annual interest rates on

loans to households and NPISHs and non-financial legal

persons.

Weighted Interest Rates on Deposits by Maturity –Outstanding Amounts(Table 12b)


rates on all deposits (carrying amount of deposits) as at

the last day of the reporting month.

Weighted Interest Rates on Deposits by Maturity – NewBusiness (Table 12c)


rates on deposits contracted during the reporting month.

Weighted Interest Rates on Loans by Currency –Outstanding Amounts(Table 12d)

The table shows weighted annual interest rates on bank

loans (excluding revolving loans, current account

overdrafts and credit card debt) by currency for households

and the nonfinancial sector – outstanding amounts.

Weighted Interest Rates on Loans by Currency – NewBusiness(Table 12e)

The table shows weighted interest rates on bank loans

by currency for households and the nonfinancial sector.

Weighted Interest Rates on Term Deposits by Currency– Outstanding Amounts(Таble 12f)

The table shows weighted annual interest rates on term

deposits by currency for households and the nonfinancial

sector – outstanding amounts.

Weighted Interest Rates on Term Deposits by Currency– New Business (Таble 12g)

The table shows weighted annual interest rates on bank

term deposits during the reporting month by currency for

households and the nonfinancial sector – new business.

Weighted Interest Rates Offered by Banks(Tables 12h and 12i)

The table Weighted Interest Rates on Dinar Loans

shows weighted average annual interest rates at which

banks agree interest on loans disbursed in a particular

month.

Weighted average interest rates are calculated based

on data on the amount of approved loans and the interest

rate charged on those loans which banks submit to the

NBS on a monthly basis.

The table Weighted Interest Rates on Dinar Deposits

represents weighted average interest rates at which

banks calculate and pay interest on time and demand

deposits of households and legal entities.

Weighted average interest rates are calculated based

on data on interest rates on particular types of deposits

and the stock of deposits at the end of the month in

question, which banks forward monthly to the NBS.

As of September 2010, interest rate statistics is fully

aligned with the EU legislation. The NBS now uses the

methodology of the European Central Bank.

Securities Interest Rates(Table 13)

The table shows weighted interest rates at auctions

organised by the National Bank of Serbia. The weight

used in calculating the average interest rate is the

purchase price of the securities sold. Weighted yield

rates on government bills are derived from the Ministry

of Finance’s auction reports. The weight used in

calculating the average interest rate is the market value

of sold government bills (discount amount).

The weighted average yield rate on frozen foreign

currency savings bonds is calculated based on the daily

Belgrade Stock Exchange data on trading, prices

achieved and yield to maturity. The weight used in

calculating the average yield rate is the daily volume of

trading. The Belgrade Stock Exchange calculates daily

yield rates based on the closing price.

All interest rates are shown on the annual basis.

August 2013

II. INTERNATIONAL ECONOMIC RELATIONS(Tables 14 to 20)

Balance of Payments of the Republic of Serbia(Tables 14)

Balance of Payments is compiled by the NBS in line

with the methodology of the International Monetary

Fund. Data are obtained from the monthly

"Communication" on commodity exchange of the

Republic Statistical Office (RSO), statements of banks

and the NBS on international payment transactions

(ITRS - International Transactions Reporting System)

for non-commodity transactions, and NBS statements on

external credit and financial transactions. Balance of

payments data are expressed in EUR (in the Statistical

Bulletin) and USD (on the NBS website), and the

recalculation of the transaction value from original

currencies into the reporting currency is performed by

applying the NBS official middle exchange rates on the

transaction day.

The balance of payments is broken down into the

following sub-balances:

I. Current Account

Data on the value of exports of goods (item 1.1) and

imports of goods (item 1.2) are obtained from customs

declarations. Data on exports of goods according to the

f.o.b parity and imports of goods according to the c.i.f.

parity (costs of insurance and freight included) are

processed by the RSO.

Methodological discrepancies between the

processing of data for external trade statistics of the

RSO and balance of payments (Balance of Payments

Manual, IMF Fifth Edition, 1993 – BOPM5) require

adjustments, so data on exportsand imports of goods in

the Balance of Payments table (Table 14) are not

identical to the RSO data on commodity exchange

(Tables 15 and 16).

In line with the BOPM5 methodology, exports and

imports are disclosed in the balance of payments

according to the f.o.b parity. In the data obtained from

the RSO with exports shown according to f.o.b and

imports according to c.i.f, imports were corrected, i.e.

reduced by freight and insurance costs. The coefficient

determined by the RSO was used (3.1%) for the

correction of the classification. The correction of the

coverage of exports and imports excludes returned

goods and goods not included into commodity exchange

according to the balance of payments methodology. The


value of disclosed exports of goods was corrected

upward by the estimated undervaluation of exports in

customs declarations, observed by years.

Data on the value of exports of services (item 2.1)

and imports of services (item 2.2) are obtained from the

statistics of international payment transactions (ITRS)

performed through banks and the NBS, according to the

IMF methodology, and include: transport, tourism

(including health and education services), construction

services, insurance services, communication services,

financial services, computer and information technology

services, cultural and personal services, etc. The value

of the disclosed service exports was corrected upward

by the estimated undervaluation of the registered foreign

exchange inflow from services. As regards goods

transport services, expenditures are increased by

transport costs and costs of the insurance of goods

imported by non-residents. The estimate is made by

applying the f.o.b. parity on the value of imports of

goods instead of the c.i.f. parity.

The income account includes receipts (item 4.1) and

expenditure (item 4.2) for employees’ wages, interests

(on short-term and long-term credits and loans) and

income arising from investments recorded in

international payment transactions statistics and direct

reporting.

Current transfers show total value of remittances,

net foreign exchange inflow pursuant to the Law on

Payment Transactions in the territory of Serbia, official

aid, taxes, aid and gifts of household and corporate

sectors and other current transfers (of the government

and of the household and corporate sectors).

Official aid is disclosed pursuant to the international

payment transactions statistics and “Communication“ of

the RSO.

II. Capital and Financial Account

Capital account (item A) is based on the recorded

international payment transactions and includes

inflows/outflows of migrants’ money through personal

transfers and acquisition/disposal of non-produced, non-

financial assets.

Financial account (item B) includes foreign direct

investments, portfolio investments, medium-term and

long-term credits, short-term credits approved to foreign

clients, short-term credits and deposits, banks and other

financial transactions.

Foreign direct investments – net (item 1), includes

foreign capital investments in domestic enterprises and

banks in the form of money, domestic capital

131

investments in foreign enterprises and banks, receipts

from sale of equity holdings in another enterprise, sale

and purchase of real estate in the country and/or abroad,

and investments in the form of commodities. Foreign

direct investment data are obtained from the

international payment transactions statistics and from

the“Communication“ of the RSO.

Portfolio investments – net (item 2) are shown

based on the international payment transactions

statistics. Portfolio investments include investments into

short-term and long-term securities which cannot be

classified as direct investments and which consist of: a)

investment into equity securities (investment into equity

capital of up to 10%), b) investment into debt securities

and c) investment into financial derivatives. Portfolio

investments are classified by sector in which investment

is made.

Medium term and long-term loans – net (item 3)

include data on actual disbursements and repayments of

the principal on foreign loans. This item includes

drawings and repayments under IMF credits and early

repayment of the principal and interests. Short-term

loans to foreign clients – net (item 4) include outflow for

loans approved to non-residents and repayments under

these loans. This includes only the principal. Short-term

loans and deposits – net (item 5) include loans with the

repayment period up to one year and short-term

commodity loans against current imports of oil and gas.

Other – net (item 6) includes data from international

payment transactions statistics and data from foreign

currency positions of banks (bank reports submitted to

the National Bank of Serbia) under: advance payments

with respect to exports and imports of goods, loro

cheques, increase in new foreign currency savings

(excluding the effect of cross-currency changes for the

period 2001-2006), payment of obligations to citizens

against frozen foreign currency savings, etc.

Banks – net (item 7) includes changes in foreign

exchange reserves of banks authorized to engage in

external operations, excluding the effect of cross - -

currency changes (for the period 2001-2006). III. Errors

and Omissions – net, in the period 1997-2000, includes

short-term commercial loans, cross-currency changes

and standard errors and omissions, and in the period

2001-2006, short-term commercial loans and actual

errors and omissions.

V. Changes in NBS foreign exchange reserves show

changes during the period observed under NBS claims

on accounts abroad, foreign securities, monetary gold,

special drawing rights and foreign cash, excluding the

effects of cross-currency changes (balance sheet data on

foreign exchange reserves in NBS books).

Balance of Payments of the Republic of Serbia(Tables 14a)

The Balance of Payments of the Republic of Serbia

is a systematic presentation of the value of foreign

economic transactions of Serbian residents over a

specific period of time.

In accordance with the Law on the National Bank of

Serbia, the Law on Official Statistics, the Law on

Foreign Exchange Operations and other regulations in

the area of foreign exchange operations, the National

Bank of Serbia is tasked with the compilation of the

balance of payments and monitoring of its execution.

The balance of payments is compiled using the

IMF's methodology (Balance of Payments Manual, Fifth

edition, IMF, 1993). Data are published on a monthly

basis, in EUR million (in the Statistical Bulletin) and in

USD million (on the NBS website). The value of

transactions is recalculated from original currencies into

the reporting currency by applying the official middle

exchange rates of the National Bank of Serbia on the

transaction date.

The main data sources for the balance of payments

are as follows:

- Foreign trade statistics “Communication” issued

by the RSO ;

- Reports on international payment transactions

(PPI) of banks and the NBS;

- Reports on the NBS credit-financial transactions;

- USSPO reports submitted by banks;

- NBS reports on changes in its foreign exchange

reserves and foreign exchange reserves of banks and

reports on the balance of foreign currency savings of

households.

BoP is broken down into the following sub-

accounts:

I. Current Account

Goods

Data on the value of export and import of goods are

obtained from customs declarations. In compliance with

the methodology for recording foreign trade

transactions, the Statistical Office1 publishes data on

export of goods according to the f.o.b. parity and import

of goods according to the c.i.f. parity (costs of insurance

and freight included). Tables 15 and 16 are compiled

based on data provided by the Statistical Office.1

August 2013

1 The Statistical Office applies both national and internationalregulations.

As the National Bank of Serbia performs data

adjustment, in line with the IMF's recommendations on

recording the flow of goods in the balance of payments,

data on the export and import of goods (items 1.1. and

1.2) in the BoP table (Table 14a) are not identical to data

on commodity exchange provided by the Statistical

Office (Tables 15 and 16). As provided by the BPM5,

export and import of goods are adjusted:

- on grounds of coverage, by the value of goods

purchased/sold abroad, returned goods, sample goods

and purchase made by natural persons for personal

needs;

- on grounds of classification, by applying the free

on board concept (f.o.b.) and excluding the costs of

transport and insurance from data on the import of goods

provided by the Statistical Office. The value of transport

and insurance is classified under the value of services,

and not under the value of goods.

Services

Data on the export (item 2.1) and import of services

(item 2.2) are obtained from statistics on international

payments transactions (ITRS - International Transaction

Reporting System), performed through banks and the

National Bank of Serbia. They include the following:

1) Travel (including services relating to healthcare

and education). Data on unregistered inflow and outflow

in respect of travel are estimated based on statistical

communications of the Statistical Office on the number

and overnight stays of foreign tourists, survey on the

number and overnight stays of residents abroad and data

on the number of nonresident pupils and students, data

of the Ministry for Foreign Affairs on the number of

diplomatic-consular and other representative offices in

the country and number of employed nonresidents, data

of the Ministry of the Interior, as well as an estimate of

visits made by nonresidents- our workers abroad.

2) Transport is divided by form of transport (air, sea,

railway, road, inland waterway, other) and type of

services provided (freight, passenger, other). Adjustment

is made for transport outflow (freight transport) for the

c.i.f./f.o.b. difference, relating to transport services

provided by nonresidents.

3) Other services include construction services,

insurance services, communications services, financial

services, computer and information services, cultural

and personal services, etc.

4) Income

The income account (items 4.1 and 4.2) includes

four main groups: 1) Compensation of employees; 2)

Income from FDI; 3) Income from portfolio investment

and 4) other investment (interest on short- and long-term


credit). The source of data here is ITRS. Income from

foreign direct investment includes reinvested earnings -

obtained by processing reporting forms that the banks

submit directly to the NBS.

5) Current transfers

The definition of current transfers is adjusted to the

BPM5. Defining current transfers with the help of

transaction codes specified in bank reports enabled us to

make a clear line between current and capital transfers.

Current transfers are classified into Government sector

and Other sectors. Data for both sectors are derived from

ITRS. Taxes, subsidies, official grants, social

contributions, other taxes, pensions, grants and gifts are

included in both sectors, the only difference being that

the Government sector also comprises data on aid in

kind (source: Statistical Office). Other sectors also

include data on private remittances, as well as foreign

exchange inflow and outflow in respect of payment

transactions with Kosovo and Metohija. Data on

remittances are increased by the amount of non-

registered remittances, estimated based on data on net

inflow from exchange transactions and new foreign

currency savings.

II. Capital Transactions

Capital account (items 1 and 2) is based on ITRS and

includes inflow/outflow of money through personal

transfers by migrants as well as acquisition/disposal of

non-produced, non-financial assets. When it becomes

possible to single out capital transfers from data on

exports and imports as provided by the RSO, such data

will also comprise transfers of title on property, i.e.

transfers of conditional financial assistance not intended

to increase personal consumption (for example transfer of

fixed assets to finance infrastructure) when there is no

purchase/sale on the counterposition. In addition, it will

also comprise debt relief by foreign creditors (as past due

obligations on current debt).

III. Financial Transactions

Direct Investment (items 1.1 and 1.2) comprises

foreign capital investment in domestic enterprises and

banks, domestic capital investment in foreign enterprises

and banks, collections from sale of equity holdings in

another enterprise, purchase and sale of real estate at

home and abroad (based on ITRS and direct reports by

enterprises – forms DI-1 and DI-2) and investment in

commodities (based on data from "Communications" of

the RSO). Foreign direct investments assume purchase of

at least 10% share in capital stock by residents abroad or

by non-residents in Serbia. Foreign direct investment also

133August 2013

includes reinvested earnings and other capital. Direct

investments are classified by sector.

Data on portfolio investment (items 2.1 and 2.2) are

obtained from ITRS and direct reporting form HoV.

Portfolio investment includes all investment in short- and

long-term securities which cannot be classified as direct

investment and include investment in: a) equity securities

(providing under 10% of ownership), b) debt securities,

and c) financial derivatives. Portfolio investments are

classified by sector.

Other Investment (items 3.1 and 3.2)

Trade Credits (granted to and received from abroad)

represent the difference between physical exchange of

goods expressed in value terms and collections received

and payments made on that account. If the physical

volume of exports of goods (customs declaration) is

higher than collections under exports of goods, the

difference is recorded as credits granted (assets). If the

physical volume of imports of goods exceeds payments

for imports, the difference is recorded as credits received

from abroad (liabilities).

Financial loans comprise short- and long-term credits

granted to foreign countries (assets) and disbursements of

foreign credits (liabilities) by sector. Short term credits

include credits with the repayment period up to one year.

Long-term credits include disbursements and repayments

of the principal of credits with repayment periods

exceeding one year. Past due or early repayments of the

principal and interest are recorded on the liabilities side

under "Other liabilities".

Currency and deposits: data relate to changes in

foreign currency assets and liabilities of banks. The data

source are monthly reports submitted by banks –USSPO

form and ITRS. Cross-currency changes are excluded.

Reserve Assets (item 4)

Reserve Assets include changes in foreign exchange

reserves of the National Bank of Serbia during the period

observed and include NBS claims on accounts of foreign

banks, foreign securities, monetary gold, special drawing

rights and foreign currency and deposits. Cross-currency

changes and changes in prices of gold and securities are

excluded.

Merchandise Export and Import (Tables 15 and 16)

Data for detailed tables on Serbia's international

trade in goods were derived from the Single Customs

Documents (SCD)2 , processed and published by the

RSO and applying the UN3 methodology.

Export value is expressed in f.o.b. terms (free on

board), whereas imports is expressed in c.i.f. terms

(cost, insurance, freight).

As of 1 January 2010, the RSO introduced the

general trade system, which includes all goods entering

or exiting the country’s economic territory. It excludes

goods in transit or temporary exports/imports of goods

(goods exhibited at fairs, samples etc.) Under the

general trade system, goods are imported from/exported

to:

а) free circulation area, premises for inward

processing or industrial free zones, and

б) customs warehousing facilities.

According to customs regulations, while in customs

warehouse goods need not be classified by customs

tariff, which is why the classification by destination

includes the category of goods unclassified by

destination.

As of 1 January 2010, a new revised Standard

International Trade Classification – SITC Rev. 4 is used.

Goods in Warehouses in Respect of Which no Customs

Tariff is Specified are classified in the existing section 9

– products and transactions n.e.s, section of unclassified

goods including military goods and spare parts for motor

vehicles and aircrafts being imported/exported along

with fixed assets.

The SORS published comparable data under the

new classifications for 2006. Data are published

according to the new methodology and classifications as

of January 2007.

Bank foreign liabilities(Table 17)

The table shows total foreign currency and dinar

external liabilities of commercial banks, classified as

short-term and long-term.

External liabilities comprise liabilities under loans,

deposits received, i.e. funds deposited by foreign banks

with domestic banks, liabilities under securities and

other liabilities, including those arising from interest and

fees.

Deposits include transaction deposits, demand

deposits and time deposits.

2 The Customs Law (RS Official Gazette, No 18/2010). 3 International Merchandise Trade Statistics – Concepts andDefinitions 2010; (UN, 2011)

Foreign Exchange Reserves (Table 18)

Foreign exchange reserves of the National Bank of

Serbia encompass:

1) Gold (Column 1), i.e. the value of gold in the

treasury of the National Bank of Serbia and of gold held

abroad calculated at current market prices. This value is

the sum of the value of gold bars and the value of coined

gold;

2) Special Drawing Rights (Column 2), i.e. the

balance on the SDR account with the IMF;

3) Cash holdings, i.e. the balance of cash holdings in

the treasury at the Head Office and in the treasuries of

the NBS branch offices, and cash in transit and deposits

held abroad, i.e. foreign exchange held in current and

deposit accounts with banks abroad (Column 3);

4) Securities (Column 4) shows the value of the

government bonds investment portfolio.

Foreign exchange reserves of banks encompass:

1) Cash holdings represent the balance of cash

holdings in the treasury, cash vault, and in transit;

2) Deposits abroad represent foreign exchange held

in regular foreign exchange accounts maintained with

foreign banks and short-term foreign currency time

deposits with foreign banks;

3) Cheques include foreign currency cheques and

cheques in foreign currency sent for collection abroad.

4) Foreign securities in banks’ portfolio.

Foreign Exchange Market(Table 19)Foreign Exchange Market

from 2004 to 2006

Column 1 – the amount of foreign currency that the NBS

sold to and bought from banks at the fixing session, and the

amount of interbank trade concluded at the fixing session.

Column 2 – interbank trade in foreign currency and

foreign cash outside of the fixing session, once counted,

while the share of trade in foreign cash is less than 1%.

Column 3 – total amount of foreign currency and

foreign cash that the NBS bought from and sold to

banks, outside of the fixing session.

Column 4 – total amount of foreign currency that

banks bought from and sold to residents/non-residents,

and the total amount of foreign cash that banks bought

from and sold to residents.

Column 5 – total amount of foreign cash that banks

and licensed exchange dealers bought from and sold to

natural persons – residents and non-residents.

Column 6 – total amount of foreign cash that the

NBS bought from and sold to licensed exchange dealers.

Foreign Exchange Market from 2007

Column 1 – total amount of trade in foreign

134

currency on spot, forward and swap interbank FX

markets, once counted, and the total amount of interbank

trade in foreign cash, while the share of trade in foreign

cash is less than 1%.


the NBS spot sold and spot bought from banks. In June

2007, the NBS abolished everyday fixing sessions.

Instead, the NBS implements interventions, when

needed (via the Reuters Dealing service – as price taker,

and organising spot auctions) in order to mitigate

excessive daily volatility of the dinar, ensure

uninterrupted functioning of the foreign exchange

market, and preserve the stability of the financial system

and prices in the domestic market.


the NBS swap sold and swap bought from banks. In May

2009, with the aim of supporting financial stability in the

country in conditions of the international financial crisis,

a possibility was introduced for the NBS to conclude

with banks two-week swap transactions (EUR/RSD).

These auctions are held under the calendar of regular

swap auctions until end-2010. In April 2010, in order to

encourage interbank swap trade in foreign currency and

develop the market of hedging instruments, the NBS

began to organise regular swap auctions of purchase and

sale of foreign currency (EUR/RSD), with three-month

maturity. In March 2013, to support more efficient

banking sector liquidity management and to help

overcome problems regarding restrictions in interbank

trade in the money market, the NBS began to organise

two-week swap auctions of purchase and sale of foreign

currency (EUR/RSD), with two-week maturity.


banks bought from and sold to residents on spot, forward

and swap markets.


banks bought from and sold to non-residents on spot,

forward and swap markets.

Column 6 – total amount of foreign cash that banks

bought from and sold to licensed exchange dealers,

natural persons – residents and non-residents, and legal

persons – residents. Data also include the amount of

bought and sold foreign cash to natural persons by a

small number of licensed exchange dealers that use bank

software for exchange transactions.

Column 7 – total amount of foreign cash that the

NBS bought from and sold to licensed exchange dealers.

In April 2010, the NBS concluded the process of

directing licensed exchange dealers to banks and

stopped operating with licensed exchange dealers.

Serbia's External Debt (Table 20 and 20a)

The outstanding external debt of Serbia includes

liabilities of residents (principal plus regular and default

interest) under loans and term deposits and bank lines of

credit with the maturity up to one year. The outstanding


135August 2013

debt amount also includes the debt of the Kosovo and

Metohija province under loan agreements concluded

before the arrival of the KFOR Mission in 1999. This

debt is expressed in EUR million at the NBS middle

exchange rate at the end of the period observed.

The debt structure in Table 20 is shown by

international, public and private creditors:

1. International financial organizations (IMF, World

Bank, European Bank for Reconstruction and

Development, EIB, EUROFIMA, etc.);

2. Foreign governments and government agencies,

showing separately debt towards the Paris Club

creditors, foreign governments and development banks

founded by foreign states;

3. Banks within the London Club creditors;

4. Government securities debt (eurobonds) issued in

the international financial market;

5. Other creditors (other commercial banks,

financial organizations and suppliers).

The debt structure in Table 20a is shown by debtor,

i.e. sector:

1. Public sector external debt covers government

debt and government-guaranteed debt, debt of the

National Bank of Serbia, and debt of the local

government and government agencies and funds; The

obligations of the NBS and the Republic of Serbia

toward the IMF are shown separately;

2. Private sector external debt covers

nongovernment guaranteed debt of banks and

enterprises.

Outstanding debt is also shown by maturity with the

short-term debt defined as the debt with the maturity up

to one year, and the long term debt with the maturity

over one year.

Dinar exchange rates – end of period (Table 21)

Exchange rates represent the official middle

exchange rates of the dinar against foreign currencies

applicable at the end of the relevant period.

Dinar exchange rates – average for the period(Table 21a)

Exchange rates represent average exchange rates of

the dinar against foreign currencies in a month/year,

calculated as an arithmetic mean of the official middle

exchange rates of the dinar against foreign currencies

applicable on business days during the relevant

month/year.

The nominal effective dinar exchange rate index is

the weighted geometric mean of the indices of the

average exchange rates of the dinar against the euro and

the dollar, calculated as set out above.

The real effective dinar exchange rate index is the

nominal effective exchange rate index adjusted by CPI

and the weighted geometric mean of CPI in the euro area

and the United States. The weights are derived as a

function of the share of individual currencies in the

country’s total foreign exchange inflows and outflows.

They currently equal 0.8 for the euro and 0.2 for the

dollar. The size of the weights is subject to periodic

revision.

Index value below 100 indicates depreciation

(nominal and real), while index value above 100

indicates appreciation of the dinar.

III. REAL SECTOR (Tables 22 to 27)

Gross Domestic Product (GDP)(Table 22)

As of 30 June 2005, gross domestic product of the

Republic of Serbia is calculated and published on a

quarterly basis by the RSO. GDP is valued at market

prices, calculated on the basis of the production

principle and represents the sum of gross value added

of all activities, less financial intermediation services

indirectly measured (FISIM), plus taxes and less

subsidies on products.

Industrial Production(Table 23)

The industrial production index measures physical

volume of the industrial output on the basis of monthly

reports on industrial production in the Republic of

Serbia (IND-1). Included are both industrial enterprises

and units of non-industrial enterprises engaged in

industrial production. A new classification of industry

was introduced as of 1 January 2011 consisting of three

sectors: mining and quarrying; manufacturing; and

electricity, gas, steam and air conditioning supply.

Stocks of finished goods in industry are taken as

end-month balance.

Construction and Transport

(Table 24)The value of construction works includes the cost of

construction material and invested labour. It does not

include payments for the purchase of land, construction

design, supervison of construction works and VAT. Data

on the value of construction works refer to both finished

and unfinished buildings in the reporting period.

Value indices in constant prices are derived by

dividing the index in current prices by the producer price

indices for construction elements and embeded

materials. Hours of work include regular and over-time

effective hours of work of construction site workers.

The number of completed apartments refers to

apartments with fully completed construction,

installation and cover-up works. Data on the number of

completed apartments refer to apartments completed

during the reporting period.

Construction activity in the territory of the Republic

of Serbia refers to the performance of construction

works by contractors in the Republic of Serbia.

Trade and Catering(Table 25)

Internal trade statistics comprises trade turnover in

goods. All research is conducted using the sampling

method. The survey covers all large, medium-sized and

small companies selected by random sampling.

Quarterly research covers legal entities while annual

research covers enterpreneurs. Internal trade includes:

wholesale and retail trade and repair of motor vehicles

and motorcycles, wholesale trade except of motor

vehicles and motorcycles and retail trade except of

motor vehicles and motorcycles.

Data on the network and turnover of legal entities in

catering are collected by regular quarterly and annual

reports. Data on enterpreneurs engaged in catering are

collected by a sampling method on an annual basis.

Data on turnover in tourism (the number of tourists

and overnight stays) are compiled from monthly reports

of catering and non-catering organizations and family

caterers.

Employment and Wages

(Table 26)Total employment figures are based on RSO

monthly reports on payrolls of enterprises, institutions,

cooperatives and organizations (RAD-1). Covered are

temporarily and permanently employed and those

working part time. Included in total employment are also

enterpreneurs (self-employed persons). Employment

data are compiled in March and September, while

estimates for other months are based on interpolations

and extrapolations. Total unemployment comprises

unemployed people as registered with the National

Employment Agency.

Data on gross and net wages are derived from the

monthly statistical survey (RAD-1). The average wage

of employees in companies, enterprises, institututions,

cooperatives and other organisations (legal entities) and

persons employed with enterpreneurs in all forms of

ownership includes average wage of temporarily and

permanently employed people, regardless of whether

they work full or part-time.

Data on wages of employees with enterpreneurs are

taken from the Tax Administration records since January

2009. Unit labour costs in industry represent a ratio of

real gross wages to labour productivity in industry. Real

136


gross wages in industry are nominal gross wages deflated

by the index of industrial producer prices. Labour

productivity in industry is calculated as a ratio of the

physical volume of industrial production to the number of

persons employed in industry. The source of data is the

RSO.

Producer Prices (Table 27)

Industrial producer prices are prices at which industrial

producers sell their products to buyers in domestic market,

in largest quantities, loaded free on rail or truck where the

producer is located, or the prices based on which the

producer deals with other producers or trade companies.

These prices include producer subsidies, but deduct

commercial rebates, discounts, cash discounts and similar

reductions offered by the seller. The list includes more than

a thousand products from 29 areas of industrial production.

Since the research methodology is based on the principle of

representativeness, prices are monitored primarily in

producers with largest production and sale of selected

products.

Agricultural and fishing producer prices are those at

which agricultural companies and organisations sell their

products in domestic market, free seller (sale prices), and

prices at which authorised companies and organisations

purchase agricultural products from private farms

(purchase prices). They include selected products in crop

farming, fruit growing, stock breeding, domestic

processing and fishing with greatest share in purchase of

agricultural and fishing products from private farms and

sale of agricultural and fishing products produced by

agricultural companies, cooperatives and other agricultural

producers.

Consumer Prices (Table 27a)

Inflation is calculated based on changes in consumer

prices in the Republic of Serbia according to the Laspeyres

method for the calculation of the overall price index.

Included are products and services purchased and used in

personal consumption of the population, and the list of

products and services covered is updated annually to

reflect the representative structure of consumption and

consumers’ habits. Consumer prices are a measure of

average change in the price of a standard basket of goods

and services purchased by households to meet their needs.

The weights used reflect the composition of household

consumption. Prices are screened in 15 towns,

administrative and trade centres in the Republic of Serbia

(retail outlets, markets, handicraft shops, public service

providers etc.).

Data in the table are presented according to derived

classes of products and services defined by the

EUROSTAT in accordance with the internationally

accepted Classification of individual consumption by

purpose, adapted to the Harmonised index of consumer

prices of the European Union and the euro area

(COICOP/HICP classification).

137August 2013

IV. FISCAL SECTOR (Tables 28 and 29)

Public Finance(Table 28)

Data on revenue and expenditures of the budget

of the Republic of Serbia were provided by the

Treasury of the Republic of Serbia, pursuant to the

Government Finance Statistics Methodology set by

the International Monetary Fund. Budget

surplus/deficit represents the difference between

total current revenue and revenue from sale of

nonfinancial assets, and the total amount of current

payments and expenditure for the purchase of

nonfinancial assets.

Government Net Position with the Banking System(Table 29)

Net government position with the banking system isits net position with the National Bank of Serbia andbanks, as explained in tables 2 and 3. For the sake ofcomplete presentation of the public sector, localgovernment bodies have also been included.