2016 - nbs.rs · 2016 Q2* M1 (LHS) M3 (RHS) *Estimate In August, monetary multipliers increased. ... 2016 F1 Reserve money 0 2 4 6 8 10 12 14 16 Aug 2014 Nov Feb May Aug 2015 Nov

August

2016

AugustSTATISTICAL BULLETIN

2016

NATIONAL BANK OF SERBIA

Belgrade, Kralja Petra 12,

Tel: +381 11 3027-100

Belgrade, Nemanjina 17,

Tel: +381 11 333-8000

www.nbs.rs

ISSN 1451-737X

Statistical Bulletin — August 2016 National Bank of Serbia

Contents

Current Developments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7

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

I Monetary and financial statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15

1 Monetary Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15

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

1.1.2 Balance Sheet of the National Bank of Serbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18

1.1.3 Balance Sheet of Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22

1.1.4 Consolidated Balance Sheet of the Banking System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26

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

1.1.6 Short-Term Non-Monetary Sector Deposits with Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32

1.1.6a Long-Term Non-Monetary Sector Deposits with Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34

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

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

1.1.9 Corporate Deposits by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40

1.1.10 Bank Short-Term Claims on Non-Monetary Sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42

1.1.11 Bank Long-Term Claims on Non-Monetary Sectors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44

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

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

1.1.14 Bank Claims on Corporates by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50

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

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

1.1.17 Money Supply М1 by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56



1.1.20 Household Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .59

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

2 Statistics of other financial intermediaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .63

1.2.1 Balance Sheet of Financial Leasing Companies, by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .64

1.2.2 Balance Sheet of Factoring Companies, by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .66

1.2.3 Balance Sheet of Investment Funds, by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .68

3 Interest Rates and Dinar Exchange Rate Movements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .73

1.3.1 NBS Interest Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .74

1.3.2 Interest Rates on Loans to Household Sector, by Type, Maturity and

Purpose – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .76

1.3.2a Interest Rates on Loans to Household and Non-Financial Sectors, by Type, Maturity and

Purpose – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .78

1.3.3 Interest Rates on Loans to Household Sector, by Type, Maturity and Purpose – New Business . . . . . . .80

1.3.3a Interest Rates on Loans to Household and Non-Financial Sectors, by Type, Maturity and

Purpose – New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .82

1.3.4 Interest Rates on Deposits from Household and Non-Financial Sectors,

by Maturity – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .84

Statistical Bulletin — August 2016National Bank of Serbia

1.3.5 Interest Rates on Deposits from Household and Non-Financial Sectors,

by Maturity – New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .86

1.3.6 Interest Rates on Loans to Household and Non-Financial Sectors,

by Currency – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .88

1.3.7 Interest Rates on Loans to Household and Non-Financial Sectors, by Currency – New Business . . . . .89

1.3.8 Interest Rates on Term Deposits from Household and Non-Financial Sectors,

by Currency – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .90

1.3.9 Interest Rates on Term Deposits from Household and Non-Financial Sectors,

by Currency – New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .92

1.3.10 Weighted Interest Rates on Dinar Loans, 2005-2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .94

1.3.11 Weighted Interest Rates on Dinar Deposits, 2005-2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .96

1.3.12 Interest Rates on Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .98

1.3.13 Dinar Exchange Rates – end of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100

1.3.14 Dinar Exchange Rates – period average . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .101

II International Economic Relations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .103

2.1 Republic of Serbia: Balance of Payments, 1997–2006. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .105

2.2 Republic of Serbia: Balance of Payments, 2007–2011. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .106

2.3 Balance of Payments of the Republic of Serbia since 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .108

2.4 International Investment Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .110

2.5 Bank Foreign Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .112

2.6 Foreign Exchange Reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .114

2.7 Forex Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .115

2.8 External Debt of the Republic of Serbia by Creditor and Maturity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .116

2.9 External Debt of the Republic of Serbia by Debtor and Maturity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .118

III Real Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .121

3.1 Republic of Serbia GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .122

3.2 Industrial Production . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .123

3.3 Construction and Transport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .124

3.4 Trade, Catering and Tourism . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .125

3.5 Employment and Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .126

3.6 Producer Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .127

3.7 Consumer Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .128

IV Fiscal Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .131

4.1 Public Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .133

4.2 Net Government Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .134

Explanatory Notes to Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .137

List of Abbreviations and Official Currency Codes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .151


Statistical Bulletin is a monthly publication of the National Bank of Serbia consisting of two main sections: graphicpresentation of economic developments in the Republic of Serbia with a brief comment and the statistical survey.The statistical survey comprises monetary and balance of payments statistics derived from data collected andprocessed by the NBS as well as statistics on the real and fiscal sectors derived mainly from data of the RepublicStatistical Office and the Ministry of Finance.From 1999 onward, data are shown at annual level, whereas a majority of tables also contain monthly figures for thelast 24 months.General methodological explanations and notes are given on final pages of the publication.

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


7

Current Developments


8

In August, y-o-y growth rates of M1 and reservemoney declined, while the rates of M2 and M3went up.

0

1

2

3

4

5

6

7

Aug2014

Nov Feb May Aug2015

Nov Feb May Aug2016

1 2 3

0.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

Q22012

Q3 Q4 Q12013

Q2 Q3 Q4 Q12014

Q2 Q3 Q4 Q12015

Q2 Q3 Q4 Q12016

Q2*

M1 (LHS) M3 (RHS)

*Estimate

In August, monetary multipliers increased.

In Q2 2016, measured by the ratio of M1 and M3to GDP, the velocity of circulation increased q-o-q, but declined y-o-y.

Chart 1

Chart 2

Chart 3

-15

-10

-5

0

5

10

15

20

25

30

35

Aug2014

Nov Feb May Aug2015

Nov Feb May Aug2016

1 2 3 Reserve money

Monetary aggregates(y-o-y, in %)

Monetary multiplier

Velocity of circulation(by quarter)


9

0

2,000

4,000

6,000

8,000

10,000

12,000

Aug2014

Nov Feb May Aug2015

Nov Feb May Aug2016

NBS fx reserves Banks' fx reserves

200

225

250

275

300

325

350

375

400

425

450

Aug2014

Nov Feb May Aug2015

Nov Feb May Aug2016

1 Reserve money

0

2

4

6

8

10

12

14

16

Aug2014

Nov Feb May Aug2015

Nov Feb May Aug2016

Interest rate on securities used in open market operations by the NBS*

Interest rate on deposit facilities

Interest rate on lending facilities

Two-week Belibor

One-week Belibor

* Weighted average interest rates are calculated by the simple method (actual/360).

In August, NBS FX reserves remained largelyunchanged.

In August, the coverage by NBS FX reservesincreased for reserve money and declined for M1.

In August, a negligible decline was recorded forrates on securities applied by the NBS in openmarket operations and the two-week Belibor rate.

Chart 4

Chart 5

Chart 6

NBS foreign exchange

reserves over reserve

money and M1 (end of period, in %)

Weighted average interest rates(p. a., in %)

Country’s foreign exchange reserves(end of period, in mill euros)


10

60

70

80

90

100

110

120

130

Aug2014

Nov Feb May Aug2015

Nov Feb May Aug2016

Nominal effective exchange rate Real effective exchange rate

75

80

85

90

95

100

105

110

115

Jul2014

Oct Jan Apr Jul2015

Oct Jan Apr July2017

Original series Seasonally-adjusted series

Note: The method X 12 ARIMA is used for decomposition.

-5

-4

-3

-2

-1

0

1

2

3

4

5

6

7

II2014

IV II2015

IV II2016

IV II2017

IV II2018

In August, both the nominal and real effectiveexchange rate of the dinar increased relative tothe month before.

In July industrial production grew both in y-o-yand monthly s-a terms.

Chart 7

Chart 8

Chart 9

Dinar exchange rate(average 2005 = 100)

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

Economic recovery should accelerate to around2.5% this and around 3.0% next year, led byinvestments, exports and the recovery ofhousehold consumption.

Industrial production(average 2015 = 100)


11

-2

0

2

4

6

8

Jun2014

Dec Jun2015

Dec Jun2016

Dec Jun2017

Dec Jun2018

According to our latest projection, y-o-y inflationshould start rising moderately in the comingmonths, make its way back within the targettolerance band in the first half of 2017 andcontinue to move within the band thereafter.

Chart 10Inflation projection(y-o-y rates, in %)


13

Statistical Survey


15

I Monetary and financial statistics

1 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

2013 122,439 199,880 344,459 641,708 265,826 159,301 388,265 547,566 1,716,882 11,189 913 2013

2014 130,468 211,627 370,690 609,460 300,400 183,020 430,868 613,888 1,848,191 9,907 1,735 2014

2015 139,818 248,496 421,668 651,491 364,656 198,002 504,474 702,476 1,969,508 10,378 1,435 2015

2014 2014

Sep 123,483 186,518 342,083 646,979 292,561 171,077 416,044 587,121 1,818,444 10,878 1,221 Sep

Oct 122,881 189,930 344,825 649,154 284,458 185,366 407,339 592,705 1,818,983 10,714 1,261 Oct

Nov 124,891 186,463 347,928 618,053 285,365 181,589 410,256 591,845 1,829,548 10,270 1,549 Nov

Dec 130,468 211,627 370,690 609,460 300,400 183,020 430,868 613,888 1,848,191 9,907 1,735 Dec

2015 2015

Jan 120,659 215,570 368,822 606,209 288,853 166,445 409,512 575,957 1,842,805 10,049 1,564 Jan

Feb 118,865 216,771 372,457 613,073 280,101 168,590 398,966 567,556 1,806,229 10,313 1,586 Feb

Mar 114,367 238,823 384,082 626,141 282,052 170,978 396,419 567,397 1,816,586 10,515 1,654 Mar

Apr 119,396 236,535 384,273 622,247 281,639 169,365 401,035 570,400 1,825,305 10,534 1,577 Apr

May 121,252 241,383 389,111 631,297 281,575 170,069 402,827 572,896 1,831,232 10,545 1,768 May

Jun 118,956 244,633 397,984 641,330 306,053 169,878 425,009 594,887 1,855,610 10,293 1,684 un

Jul 126,640 261,665 419,682 662,147 317,601 174,115 444,241 618,356 1,851,642 10,631 1,408 Jul

Aug 123,462 258,433 414,989 651,626 333,058 164,638 456,520 621,158 1,856,243 10,610 1,355 Aug

Sep 125,673 224,438 384,836 615,959 328,073 178,441 453,746 632,187 1,871,825 10,511 1,483 Sep

Oct 127,386 240,981 402,011 626,999 331,990 178,034 459,376 637,410 1,889,959 10,674 1,404 Oct

Nov 124,584 246,623 407,142 624,432 348,103 175,030 472,687 647,717 1,905,938 10,746 1,410 Nov

Dec 139,818 248,496 421,668 651,491 364,656 198,002 504,474 702,476 1,969,508 10,378 1,435 Dec

2016 2016

Jan 133,880 210,149 378,118 579,455 344,178 166,954 478,058 645,012 1,921,641 10,105 1,464 Jan

Feb 132,584 205,265 374,314 564,387 351,205 162,937 483,789 646,726 1,937,483 9,851 1,578 Feb

Mar 131,438 204,690 367,828 559,486 358,303 155,671 489,741 645,412 1,947,703 9,501 1,615 Mar

Apr 140,790 192,961 363,525 552,174 355,338 161,528 496,129 657,657 1,961,440 9,338 1,752 Apr

May 131,932 193,191 359,111 553,342 370,633 169,640 502,565 672,205 2,004,279 9,264 1,789 May

Jun 137,324 202,830 375,378 570,953 383,218 164,464 520,542 685,006 2,023,175 9,291 1,704 un

Jul 146,628 189,054 370,049 561,159 389,929 161,599 536,558 698,157 2,034,597 9,606 1,557 Jul

Aug 139,325 181,068 358,483 551,901 403,827 165,904 543,151 709,055 2,055,146 9,584 1,585 Aug

Total reserve money

Currency in circulation

Bank dinar reserves with NBS

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

Dinar reserve money

Demand deposits

Table 1.1.1

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

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

2013 52,170 15,336 1,215,201 1,282,707 8,090 1,290,797 1,162 4 1,166 120 0 120

2014 67,262 6,373 1,124,722 1,198,357 9,999 1,208,356 1,220 4 1,223 123 502 625

2015 68,877 1,819 1,191,536 1,262,232 10,267 1,272,499 1,175 5 1,181 150 561 711

2014

Sep 63,394 12,788 1,216,633 1,292,815 9,191 1,302,006 1,158 5 1,163 2,813 472 3,285

Oct 61,857 9,298 1,204,785 1,275,939 9,240 1,285,180 1,158 4 1,162 4,490 478 4,968

Nov 64,212 9,314 1,164,549 1,238,074 9,294 1,247,368 1,158 4 1,162 4,495 488 4,983

Dec 67,262 6,373 1,124,722 1,198,357 9,999 1,208,356 1,220 4 1,223 123 502 625

2015

Jan 77,398 2,835 1,161,332 1,241,564 10,846 1,252,411 1,215 4 1,219 2,761 549 3,310

Feb 73,448 2,607 1,164,853 1,240,908 10,767 1,251,675 1,292 4 1,296 2,887 541 3,428

Mar 75,114 13,027 1,175,935 1,264,076 10,696 1,274,772 1,332 4 1,336 2,295 562 2,857

Apr 72,843 8,970 1,183,788 1,265,601 10,368 1,275,970 1,245 5 1,250 3,838 545 4,383

May 74,828 8,984 1,187,549 1,271,361 10,449 1,281,810 1,213 4 1,217 2,023 555 2,578

Jun 72,256 6,242 1,162,855 1,241,352 10,476 1,251,828 1,242 4 1,246 4,160 543 4,704

Jul 69,100 5,420 1,202,806 1,277,326 10,319 1,287,646 1,241 4 1,246 5,187 553 5,740

Aug 69,697 5,283 1,200,599 1,275,579 9,984 1,285,563 1,216 5 1,221 153 539 691

Sep 68,427 3,521 1,186,779 1,258,726 10,003 1,268,729 1,218 4 1,222 148 537 685

Oct 72,442 2,728 1,213,884 1,289,054 10,322 1,299,376 1,184 4 1,188 120 554 674

Nov 70,552 2,772 1,229,588 1,302,912 10,536 1,313,447 1,220 4 1,224 133 578 710

Dec 68,877 1,819 1,191,536 1,262,232 10,267 1,272,499 1,175 5 1,181 150 561 711

2016

Jan 73,185 2,808 1,169,373 1,245,366 10,383 1,255,749 1,134 8 1,142 143 570 713

Feb 81,546 2,628 1,132,405 1,216,580 10,708 1,227,287 1,181 9 1,189 135 569 704

Mar 78,950 2,580 1,086,365 1,167,895 10,670 1,178,565 1,162 10 1,172 115 548 662

Apr 82,106 1,697 1,061,216 1,145,020 10,612 1,155,631 1,200 11 1,211 95 546 641

May 79,455 1,707 1,059,245 1,140,406 10,676 1,151,083 1,202 12 1,214 117 558 676

Jun 87,100 1,710 1,056,893 1,145,703 10,711 1,156,415 1,247 11 1,259 115 560 675

Jul 88,620 1,706 1,093,716 1,184,042 10,941 1,194,983 1,213 11 1,224 124 561 686

Aug 86,035 1,700 1,092,982 1,180,717 10,832 1,191,549 1,246 12 1,258 116 557 673


Dinar and indexed dinar

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.

Cash holdings

and foreign currency

Foreign exchange reserves

Total(1+2+3)


SDRs

Claims on governmentOther

foreign assets

Total(10+11)

Total(7+8)

Domestic claims

Foreign currency

Claims on banks

Foreign assets

Total (4+5)

As of end 2014 the criteria for classifying companies as a public company or a non-financial corporation are the following: ownership, control and management. Therefore, at the end of 2014, loans to public non-financial corporations take up a larger share in total loans compared to the previous years.

NOTES:

In December 2014, the reclassification of institutional units was made. Based on sector tables presented on the NBS webpage – http://www.nbs.rs/internet/cirilica/20/index_stat.html, division has been made by institutional sectors in accordance with the European System of Accounts (ESA 2010).

As of December 2014, related institutional units subject or not subject to consolidation (finance and insurance sectors, public enterprises, companies, foreign persons and other clients) have been distributed to the appertaining sectors in accordance with ESA 2010 and are no longer presented separately.

Foreign currency

Monetary gold

Table 1.1.2

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


18

ASSETS

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

0 1,153 4,092 5,245 2,125 8,655 59,874 50,741 1,410,067 2013

1,183 1,155 1,406 2,562 1,168 6,760 67,398 79,721 1,362,235 2014

1,154 1,148 65 1,213 1,160 5,418 72,100 81,736 1,431,753 2015

2014

0 1,152 4,597 5,749 2,568 12,765 64,917 49,373 1,429,061 Sep

0 1,152 4,652 5,804 2,533 14,467 65,521 50,802 1,415,969 Oct

0 1,152 4,753 5,905 2,592 14,642 66,313 49,760 1,378,084 Nov

1,183 1,155 1,406 2,562 1,168 6,760 67,398 79,721 1,362,235 Dec

2015

1,355 1,154 3,865 5,019 1,181 12,084 71,813 80,010 1,416,317 Jan

1,295 1,165 3,807 4,971 1,157 12,147 70,624 79,943 1,414,389 Feb

1,312 1,158 2,445 3,603 1,161 10,268 71,889 82,811 1,439,741 Mar

1,268 1,158 2,376 3,534 1,161 11,596 71,130 86,040 1,444,735 Apr

1,300 1,157 2,416 3,574 1,155 9,823 71,565 83,926 1,447,124 May

1,251 1,160 2,368 3,527 1,142 11,871 70,862 81,999 1,416,559 Jun

1,191 1,159 2,410 3,569 1,151 12,897 71,594 80,626 1,452,763 Jul

1,196 1,151 2,349 3,500 1,157 7,764 70,143 79,836 1,443,305 Aug

1,172 1,151 2,341 3,492 1,151 7,722 69,915 79,454 1,425,819 Sep

1,238 1,152 2,415 3,566 1,159 7,825 71,827 79,910 1,458,937 Oct

1,201 1,149 2,512 3,661 1,145 7,942 73,511 80,004 1,474,904 Nov

1,154 1,148 65 1,213 1,160 5,418 72,100 81,736 1,431,753 Dec

2016

1,226 1,150 2,481 3,631 1,168 7,880 72,919 79,425 1,415,972 Jan

1,355 1,153 2,478 3,631 1,156 8,035 102,050 80,240 1,417,612 Feb

1,313 1,170 2,389 3,558 1,141 7,847 100,183 80,607 1,367,202 Mar

1,354 1,149 2,378 3,528 1,131 7,864 100,370 80,494 1,344,359 Apr

1,302 1,155 2,429 3,585 1,107 7,883 101,555 80,631 1,341,152 May

1,424 1,151 2,441 3,591 1,113 8,062 101,737 80,451 1,346,665 Jun

1,449 1,151 2,443 3,594 1,123 8,074 101,475 80,105 1,384,637 Jul

7 1,150 2,427 3,578 1,151 6,667 100,843 80,218 1,379,277 Aug

Claimson other sectors

Other assets


Claims on non-bank financial organizations

Claims onpublic

enterprises

IMF quota

Foreign currency

Total assets(6+18+19+20)Total

(14+15)

Domestic claims

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


19

ASSETS

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

2013 80,089 6,678 86,767 122,439 144,989 9,350 26,352 19,190 199,880 22,138 2 22,140 344,459 297,249 641,708

2014 18,421 8,084 26,505 130,468 158,126 23,465 28,017 2,020 211,627 28,592 2 28,594 370,690 238,770 609,460

2015 1,804 5,954 7,758 139,818 145,324 7,323 31,614 64,234 248,496 33,024 331 33,355 421,668 229,823 651,491

2014

Sep 29,323 6,989 36,312 123,483 147,694 8,586 27,867 2,371 186,518 31,745 337 32,082 342,083 304,896 646,979

ct 26,003 8,832 34,835 122,881 149,756 13,984 25,764 426 189,930 31,269 745 32,014 344,825 304,330 649,154

Nov 26,249 8,926 35,175 124,891 152,992 506 25,352 7,614 186,463 35,604 970 36,574 347,928 270,125 618,053

Dec 18,421 8,084 26,505 130,468 158,126 23,465 28,017 2,020 211,627 28,592 2 28,594 370,690 238,770 609,460

2015

Jan 15,679 8,144 23,823 120,659 160,329 27,053 27,232 955 215,570 32,528 65 32,593 368,822 237,387 606,209

Feb 15,369 7,991 23,360 118,865 162,887 27,129 25,379 1,376 216,771 36,691 129 36,820 372,457 240,616 613,073

Mar 12,967 8,216 21,183 114,367 159,987 -1,251 29,780 50,308 238,823 30,889 3 30,892 384,082 242,059 626,141

Apr 8,912 6,481 15,393 119,396 159,969 21,580 28,637 26,349 236,535 28,047 295 28,342 384,273 237,974 622,247

May 8,940 6,394 15,334 121,252 162,632 -14,965 26,727 66,988 241,383 26,342 134 26,476 389,111 242,187 631,297

Jun 6,206 6,328 12,534 118,956 163,468 -14,843 30,122 65,885 244,633 30,042 4,353 34,395 397,984 243,346 641,330

Jul 5,382 5,875 11,257 126,640 164,559 -15,917 28,945 84,078 261,665 31,339 39 31,378 419,682 242,465 662,147

Aug 5,258 5,715 10,973 123,462 162,364 7,948 32,148 55,973 258,433 32,956 138 33,094 414,989 236,638 651,626

Sep 3,500 5,677 9,177 125,673 158,426 -3,688 29,485 40,215 224,438 34,714 11 34,725 384,836 231,123 615,959

ct 2,701 5,980 8,681 127,386 152,915 11,903 28,990 47,173 240,981 33,274 370 33,644 402,011 224,988 626,999

Nov 2,755 6,145 8,900 124,584 148,672 6,678 32,340 58,933 246,623 35,806 130 35,936 407,142 217,289 624,432

Dec 1,804 5,954 7,758 139,818 145,324 7,323 31,614 64,234 248,496 33,024 331 33,355 421,668 229,823 651,491

2016

Jan 916 5,509 6,425 133,880 143,438 19,325 27,647 19,739 210,149 33,510 578 34,088 378,118 201,337 579,455

Feb 911 5,457 6,368 132,584 137,721 9,789 31,814 25,940 205,265 36,464 1 36,465 374,314 190,073 564,387

Mar 895 5,270 6,165 131,438 136,600 -5,087 30,966 42,211 204,690 31,698 3 31,701 367,828 191,659 559,486

Apr 2 5,259 5,261 140,790 136,305 -14 31,677 24,993 192,961 29,771 2 29,773 363,525 188,650 552,174

May 0 5,429 5,429 131,932 137,697 4,748 34,025 16,721 193,191 33,988 0 33,988 359,111 194,230 553,342

Jun 0 5,591 5,591 137,324 139,025 27,155 32,286 4,364 202,830 35,224 0 35,224 375,378 195,575 570,953

Jul 0 5,087 5,087 146,628 140,979 11,927 30,758 5,390 189,054 34,367 0 34,367 370,049 191,110 561,159

Aug 0 5,155 5,155 139,325 141,187 -838 33,622 7,097 181,068 38,090 0 38,090 358,483 193,418 551,901

NOTE:

2) As of May 2004, required reserves are not allocated to a separate account but form a 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 reservesTotal

reserve money(13+14)

Other dinar deposits

Local govern-

ment

Giro accounts2)

Required reserves1)

Total(1+2)

Foreign liabilities

IMF loans

Currency in

circulation

Reserve money

Dinar reserve money

(4+9+12)

Table 1.1.2

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


20

LIABILITIES

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

89,137 148,150 237,287 6 9,215 9,221 110,000 32 0 776 216,899 59,899 47,478 1,410,067 2013

103,402 164,081 267,483 0 7,109 7,109 7,500 14 0 2,875 306,792 68,231 66,265 1,362,235 2014

125,442 126,166 251,608 0 5,081 5,081 30,600 43 0 2,764 341,107 72,300 69,001 1,431,753 2015

2014

132,650 172,489 305,139 0 11,067 11,067 45,000 2,738 0 1,888 269,675 65,448 44,815 1,429,061 Sep

139,828 171,192 311,020 0 7,969 7,969 24,350 4,425 0 1,969 271,414 66,125 44,708 1,415,969 ct

124,547 174,294 298,841 0 9,269 9,269 15,000 4,441 0 2,029 284,748 67,016 43,511 1,378,084 Nov

103,402 164,081 267,483 0 7,109 7,109 7,500 14 0 2,875 306,792 68,231 66,265 1,362,235 Dec

2015

97,250 182,548 279,798 0 7,176 7,176 1,400 2,777 0 1,340 271,956 73,181 148,659 1,416,317 Jan

115,690 178,765 294,455 0 6,425 6,425 0 1,713 0 1,156 252,798 71,848 149,560 1,414,389 Feb

119,403 167,057 286,460 0 7,645 7,645 0 2,184 0 3,920 268,558 73,266 150,384 1,439,741 Mar

121,974 171,737 293,711 1 9,228 9,229 20,000 3,789 0 1,732 255,526 70,389 152,718 1,444,735 Apr

112,833 166,609 279,442 0 4,454 4,454 25,000 1,979 0 1,071 264,484 71,700 152,362 1,447,124 May

103,607 150,151 253,758 0 10,977 10,977 20,000 2,119 0 1,655 335,502 70,911 67,773 1,416,559 Jun

104,311 156,759 261,070 29 4,248 4,277 35,000 140 0 1,399 337,032 71,732 68,708 1,452,763 Jul

105,203 150,241 255,444 1 5,700 5,701 55,000 88 0 1,041 324,845 70,105 68,483 1,443,305 Aug

134,379 140,842 275,221 0 5,615 5,615 60,000 60 0 1,277 319,884 69,848 68,776 1,425,819 Sep

148,801 137,866 286,667 1 3,210 3,211 50,000 41 0 1,345 340,912 71,994 69,085 1,458,937 ct

151,198 133,536 284,734 0 5,135 5,135 50,000 54 0 1,732 356,541 73,881 69,494 1,474,904 Nov

125,442 126,166 251,608 0 5,081 5,081 30,600 43 0 2,764 341,107 72,300 69,001 1,431,753 Dec

2016

158,659 139,011 297,670 0 5,315 5,315 25,000 73 0 968 324,472 73,217 103,375 1,415,972 Jan

151,249 130,447 281,696 0 6,156 6,156 15,000 49 0 3,605 333,638 102,345 104,368 1,417,612 Feb

121,656 121,274 242,930 0 6,428 6,428 30,000 16 0 1,800 315,343 100,317 104,718 1,367,202 Mar

97,911 116,084 213,995 0 5,709 5,709 45,000 35 0 1,192 316,137 100,421 104,434 1,344,359 Apr

92,372 108,633 201,005 0 10,548 10,548 40,800 56 0 923 322,488 101,709 104,851 1,341,152 May

89,263 108,111 197,374 0 4,477 4,477 28,180 53 0 929 366,917 101,906 70,284 1,346,665 Jun

125,136 108,120 233,256 0 4,164 4,164 40,000 55 0 1,183 368,193 101,622 69,918 1,384,637 Jul

130,770 98,756 229,526 0 4,107 4,107 55,000 30 0 2,469 361,159 100,936 68,993 1,379,277 Aug

Liabilities with

respect to NBS repo

transactions

Government deposits

Foreign currency

Total(19+20)

Total liabilities(3+15+18+21 to 28)

Restricted deposits

Other liabilities 3)

Capital accounts3)

IMF accounts with NBS

NBS savings

bills

Dinar and

indexed dinar

Other deposits

Liabilities with respect

to other transactions

Total(16+17)

Dinar and

indexed dinar

Foreign currency


21

LIABILITIES

Table 1.1.3

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

2013 104,696 31,076 135,771 215,214 120,806 336,021 0 26,352 154,339 19,190 297,636 497,516 110,005 442 607,963

2014 209,898 56,632 266,530 282,628 174,398 457,026 0 28,017 181,590 2,019 238,786 450,413 7,500 935 458,847

2015 174,566 32,959 207,525 334,270 204,206 538,476 0 31,614 152,647 64,230 229,405 477,897 30,601 597 509,094

2014

Sep 145,173 75,466 220,639 281,644 156,270 437,914 0 27,867 156,285 2,371 302,157 488,679 45,405 546 534,630

Oct 150,148 57,057 207,205 287,340 160,558 447,898 0 25,764 163,742 426 300,440 490,371 24,353 668 515,391

Nov 186,743 70,744 257,487 276,451 170,734 447,185 0 25,352 153,520 7,614 265,519 452,005 15,003 752 467,760

Dec 209,898 56,632 266,530 282,628 174,398 457,026 0 28,017 181,590 2,019 238,786 450,413 7,500 935 458,847

2015

Jan 193,226 58,415 251,641 276,369 187,997 464,366 0 27,232 187,407 955 234,511 450,105 1,400 388 451,893

Feb 190,872 61,695 252,567 268,173 190,320 458,493 0 25,379 190,043 1,376 238,716 455,513 0 547 456,060

Mar 198,807 48,035 246,842 266,512 191,857 458,368 0 29,780 158,740 50,301 239,562 478,383 0 343 478,726

Apr 189,456 52,536 241,992 270,293 196,606 466,899 0 28,637 181,552 26,347 233,400 469,935 20,001 371 490,308

May 213,142 54,084 267,225 273,350 199,915 473,265 0 26,727 147,686 66,963 239,793 481,170 25,005 383 506,558

Jun 203,128 48,645 251,774 278,561 189,218 467,779 0 30,122 148,631 65,878 241,352 485,983 20,000 340 506,323

Jul 169,166 50,411 219,577 277,230 191,036 468,266 0 28,945 148,644 84,069 242,892 504,550 35,004 300 539,854

Aug 162,957 49,305 212,262 277,658 189,477 467,134 0 32,148 170,310 55,968 236,165 494,590 55,010 434 550,033

Sep 177,599 54,861 232,461 294,771 197,302 492,073 0 29,485 154,742 40,212 230,834 455,273 60,002 1,076 516,350

Oct 169,551 57,857 227,408 313,831 205,037 518,867 0 28,990 164,834 47,166 224,759 465,749 50,005 856 516,611

Nov 170,947 51,093 222,040 322,134 208,834 530,967 0 32,340 155,352 58,929 217,106 463,727 50,006 376 514,110

Dec 174,566 32,959 207,525 334,270 204,206 538,476 0 31,614 152,647 64,230 229,405 477,897 30,601 597 509,094

2016

Jan 180,382 53,220 233,602 344,573 217,286 561,860 0 27,647 162,776 19,735 201,130 411,288 25,005 1,143 437,436

Feb 194,896 63,865 258,761 367,102 223,832 590,934 0 31,814 147,518 25,938 189,942 395,212 15,003 642 410,856

Mar 198,501 37,558 236,058 366,369 233,764 600,133 0 30,966 131,517 42,208 191,291 395,981 30,002 350 426,333

Apr 214,814 36,146 250,960 354,154 233,705 587,859 0 31,677 136,293 24,988 188,443 381,401 45,005 410 426,816

May 220,177 55,512 275,689 368,664 232,561 601,226 0 34,025 142,450 16,720 194,074 387,269 40,805 390 428,463

Jun 210,083 41,912 251,995 360,063 243,405 603,468 0 32,286 166,178 4,364 195,059 397,886 28,182 1,325 427,392

Jul 191,982 46,832 238,814 363,220 245,899 609,119 0 30,758 152,895 5,589 190,939 380,180 40,002 188 420,370

Aug 195,252 48,643 243,894 367,796 244,866 612,663 0 33,622 140,348 7,097 193,201 374,268 55,001 930 430,199

Dinar deposits

Claims on government

against frozen forex

savings deposits

Foreign exchange reserves

Other foreign assets

Total(1+2)

Foreign assets Domestic claims

Reserves with NBSClaims against

repo transactions1)

Other claims

on NBS

Total claims

on NBS(12+13+14)

Vault cash


Dinar and indexed

dinar

Foreign currency

Total(4+5)

Foreign currency deposits

Gyro accounts

Total(8 to 11)




1) As of 23 September 2005, NBS began auction repo sale of NBS bills.NOTES:

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

ASSETS


22

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

44,564 34,360 97,962 1,012,084 673,665 911 1,863,546 2,807,530 119,298 86,234 3,148,833 2013

21,026 35,233 168,274 970,436 724,614 1,089 1,920,672 2,836,545 109,085 94,024 3,306,185 2014

23,557 32,182 168,351 992,225 759,050 1,401 1,976,766 3,024,336 112,671 82,609 3,427,141 2015

2014

32,892 35,225 84,063 1,011,692 715,289 993 1,880,153 2,852,697 116,561 91,816 3,281,713 Sep

33,614 34,492 82,977 1,012,790 719,919 953 1,884,745 2,848,034 116,610 100,060 3,271,910 Oct

34,686 34,796 81,813 1,017,053 725,171 903 1,894,421 2,809,366 117,379 101,454 3,285,686 Nov

21,026 35,233 168,274 970,436 724,614 1,089 1,920,672 2,836,545 109,085 94,024 3,306,185 Dec

2015

20,188 35,511 176,855 969,634 747,154 1,157 1,950,499 2,866,757 109,533 96,088 3,324,018 Jan

18,962 34,393 179,320 946,041 731,398 1,069 1,911,183 2,825,736 109,851 104,376 3,292,530 Feb

20,135 34,168 184,177 940,001 734,238 1,163 1,913,883 2,850,977 109,993 86,407 3,294,218 Mar

22,488 33,310 182,843 924,114 736,567 1,125 1,900,447 2,857,654 110,175 88,609 3,298,430 Apr

18,331 33,172 180,753 911,629 741,793 1,159 1,886,836 2,866,658 110,234 82,988 3,327,106 May

21,802 33,231 187,208 923,588 745,672 1,496 1,912,996 2,887,098 110,506 89,742 3,339,119 Jun

17,711 33,253 182,022 930,136 746,329 1,437 1,910,888 2,919,009 111,526 82,287 3,332,399 Jul

21,320 32,910 181,553 931,807 746,315 1,394 1,915,300 2,932,468 111,445 83,989 3,340,164 Aug

21,949 33,006 177,762 943,564 746,095 1,383 1,923,759 2,932,182 111,690 85,475 3,361,807 Sep

19,662 32,417 177,468 941,083 753,093 1,413 1,925,136 2,960,614 111,666 88,711 3,388,399 Oct

19,515 32,137 176,645 948,882 756,372 1,364 1,934,915 2,979,992 114,332 82,583 3,398,946 Nov

23,557 32,182 168,351 992,225 759,050 1,401 1,976,766 3,024,336 112,671 82,609 3,427,141 Dec

2016

23,252 32,348 163,916 984,120 762,673 1,512 1,967,820 2,967,116 112,479 89,022 3,402,218 Jan

23,822 31,929 162,474 967,030 768,250 1,470 1,954,974 2,956,763 112,653 88,022 3,416,200 Feb

24,763 32,297 156,827 966,138 773,866 1,722 1,955,613 2,982,079 112,785 85,061 3,415,983 Mar

25,163 32,494 153,321 964,487 778,472 1,830 1,955,767 2,970,442 112,776 92,570 3,426,748 Apr

30,117 32,472 148,913 973,649 788,116 1,749 1,975,016 3,004,705 113,401 92,551 3,486,346 May

26,566 32,313 147,057 994,572 801,193 1,706 2,003,408 3,034,268 113,938 99,739 3,499,940 Jun

27,792 32,742 152,188 995,956 808,592 1,549 2,018,820 3,048,309 113,200 100,153 3,500,476 Jul

28,294 32,009 149,358 991,786 815,747 1,498 2,018,691 3,061,552 114,123 94,391 3,513,960 Aug

Total assets(3+23 to 25)

Non-profit and other

organizations

Total(16 to 21)

Domestic claims

Total(6+7+

15+22)

Other assets

Companies

Fixed assets

Claims on other sectors

Public enterprises Households

Other financial

organizations

Local government

ASSETS


23

Table 1.1.3

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


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

2013 493,100 6,993 44,016 51,009 17,508 28 15,214 126,303 77,061 7,573 243,686 18,741 10,746 12,709 79,308 33,672 4,120 159,295

2014 411,597 21,143 64,206 85,350 13,539 590 40,337 118,500 89,589 9,250 271,805 14,057 10,735 17,869 98,209 38,057 4,093 183,020

2015 385,480 16,265 78,485 94,750 11,247 1,298 54,877 147,871 105,897 10,113 331,303 19,439 5,762 22,825 100,669 45,364 3,941 198,000

2014

Sep 438,683 2,979 51,081 54,060 7,411 67 15,680 148,753 79,630 8,939 260,480 23,843 9,499 15,658 77,212 39,849 5,017 171,077

Oct 427,590 3,085 50,635 53,719 7,477 72 17,036 140,185 78,633 9,041 252,444 24,890 10,507 16,080 89,421 39,653 4,816 185,366

Nov 430,894 2,923 59,702 62,625 8,652 72 17,775 131,967 80,939 9,386 248,791 24,519 10,130 14,692 87,711 39,281 5,257 181,589

Dec 411,597 21,143 64,206 85,350 13,539 590 40,337 118,500 89,589 9,250 271,805 14,057 10,735 17,869 98,209 38,057 4,093 183,020

2015

Jan 420,058 21,507 66,433 87,940 8,231 464 38,817 119,458 80,226 9,063 256,259 19,113 8,439 18,620 79,063 37,397 3,814 166,447

Feb 414,458 22,353 64,237 86,590 7,449 515 44,875 101,092 80,033 9,316 243,280 16,516 7,409 18,412 85,730 36,646 3,877 168,590

Mar 403,805 19,723 70,271 89,994 9,871 436 45,018 107,199 79,425 9,210 251,159 15,804 10,294 22,278 82,118 36,542 3,943 170,979

Apr 396,481 18,854 70,384 89,238 10,569 351 45,920 104,995 81,747 9,715 253,297 18,068 12,183 21,651 75,338 38,101 4,024 169,365

May 398,228 19,295 82,234 101,529 9,615 307 40,172 111,952 82,574 10,479 255,099 19,181 13,348 19,771 74,625 39,092 4,052 170,069

Jun 391,348 19,950 68,870 88,820 8,573 1,909 42,923 122,656 85,222 10,374 271,657 15,858 12,249 19,045 79,216 40,001 3,508 169,877

Jul 400,881 19,486 67,990 87,476 9,277 1,732 48,082 125,869 90,461 10,803 286,224 14,501 12,530 24,387 78,206 40,920 3,543 174,087

Aug 398,867 19,506 68,512 88,017 9,370 1,766 50,071 136,626 91,109 11,022 299,964 14,059 12,634 21,891 70,789 41,573 3,692 164,638

Sep 399,631 15,972 68,705 84,676 8,875 1,731 50,136 129,330 92,301 10,976 293,349 19,370 10,939 21,168 81,153 42,042 3,768 178,440

Oct 397,340 15,038 69,017 84,055 7,849 508 51,386 136,576 91,503 10,524 298,346 18,764 10,702 21,602 80,970 42,033 3,962 178,033Nov 392,398 14,903 75,454 90,357 10,705 1,122 51,622 144,730 93,190 10,798 312,167 19,626 9,323 21,814 76,178 44,203 3,885 175,029

Dec 385,480 16,265 78,485 94,750 11,247 1,298 54,877 147,871 105,897 10,113 331,303 19,439 5,762 22,825 100,669 45,364 3,941 198,000

2016

Jan 392,772 16,595 78,403 94,997 9,498 1,258 54,393 132,457 102,112 10,372 310,090 20,782 6,218 21,711 67,957 46,360 3,925 166,953

Feb 386,509 16,392 79,838 96,231 10,726 1,328 49,734 138,534 103,478 10,941 314,741 20,492 6,579 22,271 62,845 46,857 3,892 162,936

Mar 367,363 20,520 78,433 98,954 12,340 1,252 56,917 141,089 104,118 10,888 326,604 15,501 6,404 21,249 61,857 46,762 3,897 155,670

Apr 361,137 22,211 77,618 98,829 11,572 1,479 54,020 137,977 109,461 11,055 325,564 16,700 6,079 21,780 66,121 47,053 3,797 161,529

May 352,258 22,525 86,430 108,955 11,816 1,721 55,951 148,532 107,494 11,131 336,645 17,494 6,046 20,413 74,672 47,269 3,747 169,640

Jun 341,871 22,391 77,610 100,000 14,599 1,686 54,440 153,301 112,830 11,138 347,994 19,013 6,296 20,801 67,260 47,659 3,436 164,464

Jul 338,540 15,811 75,860 91,670 11,108 1,840 61,224 151,803 118,780 10,808 355,562 19,728 6,572 21,659 61,815 48,315 3,511 161,599

Aug 340,915 15,746 76,114 91,860 11,800 1,895 59,121 164,493 117,216 11,212 365,737 19,805 6,721 21,696 66,031 48,108 3,545 165,904

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


NOTES:


Government deposits Transaction deposits in dinars

Foreign liabilities

Dinar and indexed dinar saving and time deposits



24

LIABILITIES


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds

Non-profit


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

33,340 15 26,588 162,138 933,840 4,180 1,160,101 188 0 51,703 613,424 246,591 129,736 3,148,833 2013

14,546 759 35,337 173,111 998,301 5,139 1,227,193 960 0 58,572 620,126 270,368 177,193 3,306,185 2014

11,234 546 42,573 188,424 1,014,271 4,905 1,261,953 400 0 61,329 610,402 309,177 174,348 3,427,141 2015

2014

21,837 9 25,356 189,864 976,865 6,327 1,220,257 397 0 52,839 612,494 265,705 205,722 3,281,713 Sep

20,632 17 25,261 185,286 981,247 5,866 1,218,309 484 0 51,355 605,647 278,000 198,996 3,271,910 Oct

19,174 26 25,414 187,909 989,981 5,930 1,228,434 540 0 52,959 607,368 276,021 196,466 3,285,686 Nov

14,546 759 35,337 173,111 998,301 5,139 1,227,193 960 0 58,572 620,126 270,368 177,193 3,306,185 Dec

2015

15,534 700 32,814 176,410 1,029,098 5,117 1,259,673 194 0 59,857 618,972 278,212 176,406 3,324,018 Jan

16,459 664 30,044 177,285 1,002,763 5,035 1,232,250 1,565 0 59,049 609,301 276,441 201,006 3,292,530 Feb

15,667 659 36,958 178,717 1,004,949 4,593 1,241,543 301 0 58,164 612,366 282,234 183,672 3,294,218 Mar

13,298 855 48,838 174,501 1,003,109 5,077 1,245,678 236 0 58,610 622,307 283,684 179,537 3,298,430 Apr

15,169 793 48,666 178,557 1,006,157 4,540 1,253,882 145 0 60,724 626,601 281,649 179,182 3,327,106 May

16,635 890 40,970 176,613 1,010,179 4,461 1,249,748 2,218 0 61,843 626,687 284,672 192,248 3,339,119 Jun

12,468 821 36,699 173,165 1,001,419 4,464 1,229,036 5,147 0 60,933 629,853 280,447 178,315 3,332,399 Jul

13,321 813 36,427 173,819 1,000,371 4,635 1,229,386 302 0 61,327 633,649 281,640 182,376 3,340,164 Aug

12,197 768 42,100 179,069 995,123 4,764 1,234,020 840 0 62,491 634,558 282,204 191,595 3,361,807 Sep

12,680 804 41,003 184,456 1,005,435 4,960 1,249,338 750 0 60,915 638,039 286,584 195,001 3,388,399 Oct14,264 614 42,029 183,246 1,008,084 4,852 1,253,089 277 0 60,400 641,296 289,933 184,002 3,398,946 Nov

11,234 546 42,573 188,424 1,014,271 4,905 1,261,953 400 0 61,329 610,402 309,177 174,348 3,427,141 Dec

2016

12,537 525 41,366 184,258 1,027,297 5,330 1,271,313 1,037 0 62,690 607,995 310,164 184,206 3,402,218 Jan

12,301 474 42,991 192,691 1,030,886 5,260 1,284,603 541 0 62,653 613,624 305,757 188,607 3,416,200 Feb

12,725 420 47,631 202,195 1,027,439 5,454 1,295,864 129 0 64,775 620,245 300,962 185,420 3,415,983 Mar

13,991 388 46,864 203,261 1,028,026 5,544 1,298,074 261 0 64,441 618,782 300,269 196,863 3,426,748 Apr

12,447 419 48,287 212,571 1,042,205 5,597 1,321,525 260 0 65,988 619,097 302,151 209,828 3,486,346 May

11,932 401 58,405 209,325 1,048,123 5,506 1,333,692 608 0 66,422 618,064 306,445 220,382 3,499,940 Jun

11,185 658 56,872 207,252 1,050,810 5,500 1,332,276 177 0 85,372 623,561 301,509 210,209 3,500,476 Jul

12,562 743 54,996 216,360 1,051,440 5,884 1,341,984 849 0 83,696 628,867 300,794 193,354 3,513,960 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

LIABILITIES


25

Table 1.1.4

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

Other financial organiza-

tions

Local government

Public enterprises Companies Households

Non-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

2013 1,290,797 135,771 1,426,568 337,186 49,809 34,361 97,962 1,013,339 674,534 911 1,870,916 2,208,102

2014 1,208,356 266,530 1,474,886 458,249 23,588 35,246 169,456 970,744 725,455 1,095 1,925,584 2,383,833

2015 1,272,499 207,525 1,480,025 539,657 24,770 32,193 169,505 992,544 759,875 1,406 1,980,291 2,519,948

2014

Sep 1,302,006 220,639 1,522,645 439,077 38,641 35,226 84,063 1,013,520 716,028 993 1,888,470 2,327,547

Oct 1,285,180 207,205 1,492,385 449,060 39,419 34,492 82,977 1,014,587 720,655 953 1,893,082 2,342,143

Nov 1,247,368 257,487 1,504,856 448,347 40,591 34,796 81,813 1,018,909 725,907 903 1,902,918 2,351,265

Dec 1,208,356 266,530 1,474,886 458,249 23,588 35,246 169,456 970,744 725,455 1,095 1,925,584 2,383,833

2015

Jan 1,252,411 251,641 1,504,051 465,585 25,208 35,524 178,210 969,941 748,010 1,162 1,958,054 2,423,639

Feb 1,251,675 252,567 1,504,242 459,790 23,934 34,407 180,615 946,337 732,239 1,074 1,918,606 2,378,395

Mar 1,274,772 246,842 1,521,614 459,704 23,738 34,184 185,489 940,306 735,074 1,167 1,919,958 2,379,662

Apr 1,275,970 241,992 1,517,962 468,149 26,022 33,329 184,111 924,421 737,397 1,129 1,906,410 2,374,559

May 1,281,810 267,225 1,549,035 474,482 21,905 33,188 182,054 911,935 742,621 1,164 1,892,865 2,367,347

Jun 1,251,828 251,774 1,503,601 469,025 25,329 33,244 188,459 923,880 746,503 1,502 1,918,917 2,387,942

Jul 1,287,646 219,577 1,507,222 469,512 21,280 33,266 183,213 930,428 747,168 1,445 1,916,799 2,386,311

Aug 1,285,563 212,262 1,497,825 468,355 24,820 32,925 182,749 932,101 747,155 1,403 1,921,151 2,389,506

Sep 1,268,729 232,461 1,501,189 493,295 25,441 33,022 178,933 943,851 746,934 1,392 1,929,574 2,422,869

Oct 1,299,376 227,408 1,526,784 520,055 23,228 32,429 178,705 941,386 753,930 1,421 1,931,099 2,451,154

Nov 1,313,447 222,040 1,535,487 532,192 23,176 32,150 177,846 949,176 757,204 1,370 1,940,922 2,473,114

Dec 1,272,499 207,525 1,480,025 539,657 24,770 32,193 169,505 992,544 759,875 1,406 1,980,291 2,519,948

2016

Jan 1,255,749 233,602 1,489,351 563,002 26,883 32,358 165,142 984,450 763,496 1,517 1,973,845 2,536,847

Feb 1,227,287 258,761 1,486,048 592,123 27,453 31,942 163,829 967,351 769,067 1,474 1,961,116 2,553,238

Mar 1,178,565 236,058 1,414,623 601,305 28,322 32,313 158,140 966,449 774,676 1,726 1,961,626 2,562,931

Apr 1,155,631 250,960 1,406,591 589,070 28,690 32,509 154,675 964,799 779,273 1,834 1,961,780 2,550,849

May 1,151,083 275,689 1,426,771 602,440 33,702 32,474 150,216 973,949 788,916 1,754 1,981,010 2,583,450

Jun 1,156,415 251,995 1,408,409 604,727 30,158 32,319 148,481 994,873 801,994 1,712 2,009,536 2,614,263

Jul 1,194,983 238,814 1,433,796 610,343 31,386 32,744 153,637 996,268 809,394 1,556 2,024,985 2,635,328

Aug 1,191,549 243,894 1,435,443 613,921 31,871 32,013 149,365 992,119 816,552 1,506 2,023,426 2,637,347

In December 2014, the reclassification of institutional units was made. Based on sector tables presented on the NBS webpage – http://www.nbs.rs/internet/cirilica/20/index_stat.html, division has been made by institutional sectors in accordance with the European System of Accounts (ESA 2010). As of December 2014, related institutional units subject or not subject to consolidation (finance and insurance sectors, public enterprises, companies, foreign persons and other clients) have been distributed to the appertaining sectors in accordance with ESA 2010 and are no longer presented separately.As of end 2014 the criteria for classifying companies as a public company or a non-financial corporation are the following: ownership, control and management. Therefore, at the end of 2014, loans to public non-financial corporations take up a larger share in total loans compared to the previous years.


Domestic claims

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

Total credit(4+11)

Government

Foreign assets

NBS Banks Total(1+2)

Claims on other sectors


26

ASSETS

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

0 110,615 195,896 306,511 3,941,181 2013

0 147,119 181,510 328,629 4,187,348 2014

0 153,836 182,764 336,600 4,336,573 2015

2014

0 114,290 194,920 309,209 4,159,402 Sep

0 116,322 195,332 311,654 4,146,182 Oct

0 116,074 195,976 312,050 4,168,170 Nov

0 147,119 181,510 328,629 4,187,348 Dec

2015

0 151,823 183,920 335,743 4,263,433 Jan

0 150,567 183,784 334,350 4,216,988 Feb

0 154,700 180,405 335,105 4,236,382 Mar

0 157,170 182,958 340,128 4,232,648 Apr

0 155,491 183,645 339,136 4,255,518 May

0 152,861 183,161 336,022 4,227,565 Jun

0 152,220 186,051 338,271 4,231,804 Jul

0 149,979 185,678 335,657 4,222,988 Aug

0 149,368 184,256 333,624 4,257,682 Sep

0 151,737 184,036 335,773 4,313,710 Oct

0 153,515 185,983 339,498 4,348,100 Nov

0 153,836 182,764 336,600 4,336,573 Dec

2016

0 152,344 185,585 337,929 4,364,126 Jan

0 182,290 185,013 367,303 4,406,589 Feb

0 180,790 181,578 362,368 4,339,922 Mar

0 180,864 186,770 367,634 4,325,074 Apr

0 182,186 186,526 368,713 4,378,934 May

0 182,188 184,639 366,827 4,389,499 Jun

0 181,580 189,209 370,789 4,439,913 Jul

0 181,062 189,934 370,995 4,443,785 Aug

Total(14+15)

Total assets (3+12+13+16)


against frozen foreign


NBS Banks

Other assets


27

ASSETS

Table 1.1.4

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

2013 86,767 493,100 579,867 288,296 122,439 265,826 388,265 159,301 547,566 1,169,316 1,716,882 0

2014 26,505 411,597 438,102 352,833 130,468 300,400 430,868 183,020 613,888 1,234,302 1,848,190 0

2015 7,758 385,480 393,238 346,358 139,818 364,656 504,474 198,002 702,476 1,267,032 1,969,508 0

2014

Sep 36,312 438,683 474,995 359,199 123,483 292,561 416,044 171,077 587,121 1,231,323 1,818,444 0

Oct 34,835 427,590 462,425 364,740 122,881 284,458 407,339 185,366 592,705 1,226,278 1,818,983 0

Nov 35,175 430,894 466,069 361,466 124,891 285,365 410,256 181,589 591,845 1,237,703 1,829,548 0

Dec 26,505 411,597 438,102 352,833 130,468 300,400 430,868 183,020 613,888 1,234,302 1,848,190 0

2015

Jan 23,823 420,058 443,881 367,738 120,659 288,853 409,512 166,445 575,957 1,266,849 1,842,805 0

Feb 23,360 414,458 437,819 381,045 118,865 280,101 398,966 168,590 567,556 1,238,674 1,806,230 0

Mar 21,183 403,805 424,988 376,455 114,367 282,052 396,419 170,978 567,397 1,249,188 1,816,585 0

Apr 15,393 396,481 411,874 382,949 119,396 281,639 401,035 169,365 570,400 1,254,906 1,825,305 0

May 15,334 398,228 413,562 380,971 121,252 281,575 402,827 170,069 572,896 1,258,335 1,831,231 0

Jun 12,534 391,348 403,883 342,578 118,956 306,053 425,009 169,878 594,887 1,260,724 1,855,611 0

Jul 11,257 400,881 412,137 348,546 126,640 317,601 444,241 174,115 618,356 1,233,285 1,851,641 0

Aug 10,973 398,867 409,840 343,461 123,462 333,058 456,520 164,638 621,158 1,235,084 1,856,243 0

Sep 9,177 399,631 408,809 359,897 125,673 328,073 453,746 178,441 632,187 1,239,637 1,871,824 0

Oct 8,681 397,340 406,021 370,722 127,386 331,990 459,376 178,034 637,410 1,252,548 1,889,958 0

Nov 8,900 392,398 401,297 375,091 124,584 348,103 472,687 175,030 647,717 1,258,222 1,905,939 0

Dec 7,758 385,480 393,238 346,358 139,818 364,656 504,474 198,002 702,476 1,267,032 1,969,508 0

2016

Jan 6,425 392,772 399,197 392,668 133,880 344,178 478,058 166,954 645,012 1,276,628 1,921,640 0

Feb 6,368 386,509 392,878 377,927 132,584 351,205 483,789 162,937 646,726 1,290,757 1,937,483 0

Mar 6,165 367,363 373,528 341,884 131,438 358,303 489,741 155,671 645,412 1,302,292 1,947,703 0

Apr 5,261 361,137 366,398 313,824 140,790 355,338 496,128 161,528 657,656 1,303,783 1,961,439 0

May 5,429 352,258 357,687 309,960 131,932 370,633 502,565 169,640 672,205 1,332,074 2,004,279 0

Jun 5,591 341,871 347,461 297,374 137,324 383,218 520,542 164,464 685,006 1,338,169 2,023,175 0

Jul 5,087 338,540 343,627 324,926 146,628 389,929 536,558 161,599 698,157 1,336,440 2,034,597 0

Aug 5,155 340,915 346,070 321,386 139,325 403,827 543,151 165,904 709,055 1,346,091 2,055,146 0

NOTE:


Government deposits

Frozen foreign


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)

Foreign liabilities

NBS BanksTotal(1+2)



28

LIABILITIES

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

216,899 613,424 830,323 52,480 0 107,377 365,956 473,333 3,941,181 2013

306,792 620,126 926,919 61,447 0 134,495 425,360 559,856 4,187,348 2014

341,107 610,402 951,509 64,093 0 141,301 470,566 611,867 4,336,573 2015

2014

269,675 612,494 882,169 54,727 0 110,263 459,604 569,868 4,159,402 Sep

271,414 605,647 877,060 53,324 0 110,832 458,818 569,650 4,146,182 Oct

284,748 607,368 892,116 54,988 0 110,528 453,457 563,984 4,168,170 Nov

306,792 620,126 926,919 61,447 0 134,495 425,360 559,856 4,187,348 Dec

2015

271,956 618,972 890,927 61,197 0 221,840 435,045 656,884 4,263,433 Jan

252,798 609,301 862,100 60,205 0 221,408 448,181 669,589 4,216,988 Feb

268,558 612,366 880,924 62,084 0 223,649 451,696 675,345 4,236,382 Mar

255,526 622,307 877,833 60,342 0 223,107 451,238 674,345 4,232,648 Apr

264,484 626,601 891,085 61,795 0 224,062 452,813 676,876 4,255,518 May

335,502 626,687 962,189 63,498 0 138,684 461,123 599,807 4,227,565 Jun

337,032 629,853 966,885 62,332 0 140,440 449,823 590,263 4,231,804 Jul

324,845 633,649 958,494 62,368 0 138,588 453,995 592,582 4,222,988 Aug

319,884 634,558 954,443 63,768 0 138,624 460,317 598,941 4,257,682 Sep

340,912 638,039 978,951 62,261 0 141,079 464,720 605,799 4,313,710 Oct

356,541 641,296 997,837 62,133 0 143,376 462,427 605,803 4,348,100 Nov

341,107 610,402 951,509 64,093 0 141,301 470,566 611,867 4,336,573 Dec

2016

324,472 607,995 932,467 63,658 0 176,592 477,902 654,494 4,364,126 Jan

333,638 613,624 947,261 66,257 0 206,713 478,070 684,783 4,406,589 Feb

315,343 620,245 935,588 66,575 0 205,035 469,612 674,647 4,339,922 Mar

316,137 618,782 934,919 65,633 0 204,855 478,006 682,861 4,325,074 Apr

322,488 619,097 941,586 66,912 0 206,560 491,951 698,512 4,378,934 May

366,917 618,064 984,981 67,351 0 172,190 496,966 669,156 4,389,499 Jun

368,193 623,561 991,753 86,555 0 171,540 486,915 658,455 4,439,913 Jul

361,159 628,867 990,026 86,165 0 169,929 475,063 644,992 4,443,785 Aug

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

NBS Banks


29

LIABILITIES

Table 1.1.5

Monetary Survey(In million dinars, end of period)

Net foreign assets -20,368 -96,941 -96,343 130,757 168,970 158,725 216,282 405,877 561,232 480,171 570,504 507,330 670,138 673,086 846,701 1,036,784 Foreign assets 73,377 457,457 506,371 195,490 256,344 311,210 489,279 769,311 874,805 843,463 1,184,607 1,287,386 1,396,254 1,419,756 1,426,568 1,474,886 NBS 62,394 393,824 423,250 141,526 196,758 246,233 422,241 713,426 763,656 723,556 1,022,842 1,063,062 1,269,824 1,250,423 1,290,797 1,208,356 Banks 10,983 63,633 83,121 53,964 59,586 64,977 67,039 55,885 111,149 119,907 161,765 224,324 126,430 169,333 135,771 266,530 Foreign liabilities (-) -93,745 -554,398 -602,714 -64,733 -87,373 -152,485 -272,997 -363,434 -313,573 -363,292 -614,104 -780,056 -726,116 -746,670 -579,867 -438,102 NBS -58,975 -373,969 -394,740 -47,610 -64,093 -69,260 -81,873 -55,692 -13,805 -13,732 -114,558 -170,341 -178,429 -165,733 -86,767 -26,505 Banks -34,770 -180,429 -207,974 -17,123 -23,280 -83,225 -191,124 -307,742 -299,769 -349,560 -499,546 -609,715 -547,687 -580,937 -493,100 -411,597

Net domestic assets 92,496 293,006 389,979 204,800 276,319 407,031 554,969 569,782 795,536 1,121,805 1,364,810 1,749,771 1,834,764 2,081,001 1,957,150 2,017,402 Domestic claims 75,742 229,588 275,143 185,134 228,389 348,617 490,467 504,961 722,017 1,071,921 1,301,660 1,722,549 1,817,840 2,053,181 1,919,807 2,031,001 Net claims on government 7,398 3,695 7,961 3,851 -9,152 5,952 -27,832 -104,210 -112,229 -52,935 -4,419 65,644 29,538 95,099 48,891 105,417 Claims on government 9,606 12,764 23,320 35,192 32,256 44,001 40,105 34,897 19,203 20,368 119,124 193,983 199,356 291,586 337,186 458,249 Dinar and indexed dinar 8,156 11,188 21,560 26,370 22,500 30,008 21,272 18,271 10,934 12,927 101,512 149,201 129,830 174,682 216,376 283,848 NBS 4,268 5,477 14,685 21,295 19,760 22,407 16,330 16,450 10,811 10,892 11,297 1,315 1,270 1,221 1,162 1,220 Banks 3,888 5,711 6,875 5,075 2,739 7,601 4,942 1,821 124 2,035 90,215 147,887 128,561 173,461 215,214 282,628 Foreign currency credit 1,450 1,576 1,760 8,822 9,756 13,993 18,834 16,626 8,269 7,441 17,612 44,782 69,525 116,904 120,810 174,402 NBS 1,446 1,453 1,479 1,509 0 0 181 0 0 21 3 4 5 6 4 4 Banks 4 123 281 7,313 9,756 13,993 18,653 16,626 8,269 7,420 17,609 44,777 69,520 116,898 120,806 174,398 Government deposits (-) -2,208 -9,069 -15,359 -31,341 -41,408 -38,050 -67,937 -139,107 -131,432 -73,303 -123,543 -128,339 -169,818 -196,488 -288,296 -352,833 Dinar and indexed dinar deposits -1,865 -4,372 -7,653 -15,508 -17,934 -24,484 -43,605 -31,197 -45,095 -27,002 -67,769 -58,060 -54,290 -60,342 -96,129 -124,545 NBS -568 -1,828 -3,612 -5,009 -12,998 -22,966 -40,718 -19,678 -29,200 -19,702 -62,984 -54,016 -49,927 -55,066 -89,137 -103,402 Banks -1,297 -2,544 -4,041 -10,499 -4,936 -1,518 -2,887 -11,519 -15,895 -7,300 -4,785 -4,044 -4,363 -5,276 -6,993 -21,143 Foreign currency deposits -343 -4,697 -7,706 -15,833 -23,474 -13,565 -24,333 -107,910 -86,338 -46,301 -55,774 -70,279 -115,528 -136,146 -192,166 -228,288 NBS -306 -4,482 -7,259 -6,159 -18,107 -9,990 -18,806 -103,443 -81,998 -40,725 -49,255 -53,695 -98,849 -105,785 -148,150 -164,081 Banks -37 -215 -447 -9,674 -5,367 -3,575 -5,527 -4,467 -4,340 -5,576 -6,519 -16,584 -16,679 -30,361 -44,016 -64,206 Claims on non-government sectors 68,344 225,893 267,182 181,283 237,541 342,665 518,298 609,171 834,246 1,124,856 1,306,079 1,656,905 1,788,303 1,958,082 1,870,916 1,925,584 Households 1,760 2,849 5,277 16,139 29,536 66,514 132,146 203,631 305,966 428,683 462,970 571,946 602,630 653,586 674,534 725,455 Public enterprises 7,745 33,564 37,885 9,326 11,739 16,165 19,358 17,096 18,050 25,470 50,317 69,522 98,088 106,214 97,962 169,456 Dinar and indexed dinar 2,542 4,580 3,678 3,994 5,741 5,216 9,508 13,415 13,908 14,603 42,782 61,464 90,223 100,900 93,254 142,618 Foreign currency 5,203 28,984 34,207 5,332 5,998 10,949 9,850 3,681 4,143 10,867 7,535 8,058 7,865 5,313 4,708 26,838 Companies 56,607 180,650 209,944 144,317 185,580 248,322 351,417 364,339 490,117 638,514 756,490 961,235 1,017,349 1,119,391 1,013,339 970,744 Dinar and indexed dinar 31,240 44,837 70,700 78,819 109,018 161,214 250,607 299,284 430,485 573,267 697,278 890,815 947,501 1,035,544 935,436 910,747 Foreign currency 25,367 135,813 139,244 65,498 76,562 87,108 100,810 65,055 59,631 65,247 59,212 70,421 69,848 83,846 77,903 59,997 Other financial corporations 1,146 2,050 3,154 8,392 7,446 8,216 8,868 14,400 6,659 19,533 18,776 35,433 43,758 45,601 49,809 23,588 Local government 263 1,480 1,627 593 1,410 1,269 2,208 5,033 7,008 9,244 11,533 18,106 25,714 31,731 34,361 35,246 Non-profit and other organizations 823 5,300 9,295 2,516 1,830 2,179 4,301 4,672 6,446 3,412 5,993 663 765 1,561 911 1,095 Other assets, net 16,754 63,418 114,836 19,666 47,930 58,414 64,502 64,821 73,520 49,884 63,150 27,222 16,924 27,820 37,343 -13,599

Deposit, capital and provisioning 72,128 196,065 293,636 335,557 445,289 565,756 771,251 975,659 1,356,768 1,601,977 1,935,313 2,257,101 2,504,902 2,754,089 2,803,850 3,054,186 Money supply M3 24,946 65,204 125,414 191,492 244,732 322,876 458,870 634,470 903,872 992,151 1,205,570 1,360,777 1,500,444 1,641,804 1,716,882 1,848,190 Money supply M2 18,676 32,894 68,097 110,896 124,895 146,209 192,180 278,966 390,486 395,025 436,768 410,495 487,914 480,717 547,566 613,888 Money supply M1 14,779 27,026 58,233 93,815 99,303 111,258 144,949 200,090 248,873 240,744 258,427 253,286 293,694 308,699 388,265 430,868 Currency in circulation 6,707 10,933 25,266 43,719 42,980 45,165 53,650 68,461 77,000 90,075 95,519 91,750 114,190 110,547 122,439 130,468 Sight deposits 8,072 16,093 32,967 50,096 56,323 66,093 91,299 131,629 171,873 150,669 162,908 161,536 179,504 198,152 265,826 300,400 Dinar and indexed dinar time and savings deposits 3,897 5,868 9,864 17,081 25,592 34,951 47,231 78,876 141,613 154,281 178,341 157,209 194,220 172,019 159,301 183,020 Foreign currency deposits 6,270 32,310 57,317 80,596 119,837 176,667 266,690 355,504 513,386 597,126 768,802 950,282 1,012,530 1,161,087 1,169,316 1,234,302 Capital accounts 29,941 37,609 -140,560 83,099 113,187 137,654 175,923 237,141 351,445 491,669 582,895 722,026 778,586 875,757 830,323 926,919 NBS 3,789 6,725 8,090 6,992 12,817 28,481 35,601 2,341 1,904 59,313 123,187 202,334 208,622 264,266 216,899 306,792 Banks 26,152 30,884 -148,650 76,107 100,370 109,173 140,322 234,800 349,541 432,356 459,708 519,692 569,964 611,491 613,424 620,126 Provisioning for losses 17,241 93,252 308,782 60,966 87,371 105,226 136,458 104,048 101,452 118,156 146,849 174,298 225,872 236,527 256,646 279,078 Claims on non-government sectors 12,382 23,384 35,134 15,076 63,697 78,680 102,930 77,601 75,675 104,496 133,174 161,266 214,171 224,072 244,915 264,756 Other claims 4,238 66,557 266,343 41,937 14,973 16,483 21,895 16,878 14,671 6,873 6,079 4,781 4,568 4,886 3,726 4,342 For other losses 621 3,311 7,305 3,953 8,701 10,063 11,633 9,569 11,106 6,787 7,596 8,251 7,133 7,568 8,005 9,980

Analitical items Net monetary effects of foreign currency transactions 1) -20,711 -101,638 -104,049 114,924 145,497 145,160 191,950 297,967 474,894 433,870 514,730 437,051 554,563 536,874 654,535 825,378 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 1,075,504 1,309,036 1,679,491 1,719,236 1,944,855 1,764,983 1,823,250 Net claims on non-government sectors ² 55,962 202,509 232,048 166,207 173,844 263,985 415,368 531,570 758,571 1,020,360 1,172,905 1,495,639 1,574,131 1,734,010 1,626,001 1,660,828 Annual growth rates M3 25.71 161.38 92.34 52.69 27.80 31.93 42.12 38.27 42.46 9.77 21.51 12.87 10.26 9.42 4.57 7.65 M2 35.53 76.13 107.02 62.85 12.62 17.07 31.44 45.16 39.98 1.16 10.57 -6.02 18.86 -1.48 13.91 12.11 M1 48.29 82.87 115.47 61.10 5.85 12.04 30.28 38.04 24.38 -3.27 7.35 -1.99 15.95 5.11 25.77 10.97

1) Net foreign assets excluding foreign currency government deposits.

NOTES:


2006 2007 20092008

² Gross claims on non-government sectors excluding provisioning for losses.

2010 2011 2012 2014




2001 200520021999 2000 2003 2004 2013


30

Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

1,060,170 1,066,424 1,096,626 1,106,088 1,135,474 1,099,719 1,095,085 1,087,985 1,092,381 1,120,763 1,134,190 1,086,787 1,090,154 1,093,171 1,041,096 1,040,193 1,069,084 1,060,948 1,090,169 1,089,373 Net foreign assets1,504,051 1,504,242 1,521,614 1,517,962 1,549,035 1,503,601 1,507,222 1,497,825 1,501,189 1,526,784 1,535,487 1,480,025 1,489,351 1,486,048 1,414,623 1,406,591 1,426,771 1,408,409 1,433,796 1,435,443 Foreign assets1,252,411 1,251,675 1,274,772 1,275,970 1,281,810 1,251,828 1,287,646 1,285,563 1,268,729 1,299,376 1,313,447 1,272,499 1,255,749 1,227,287 1,178,565 1,155,631 1,151,083 1,156,415 1,194,983 1,191,549 NBS

251,641 252,567 246,842 241,992 267,225 251,774 219,577 212,262 232,461 227,408 222,040 207,525 233,602 258,761 236,058 250,960 275,689 251,995 238,814 243,894 Banks-443,881 -437,819 -424,988 -411,874 -413,562 -403,883 -412,137 -409,840 -408,809 -406,021 -401,297 -393,238 -399,197 -392,878 -373,528 -366,398 -357,687 -347,461 -343,627 -346,070 Foreign liabilities (-)-23,823 -23,360 -21,183 -15,393 -15,334 -12,534 -11,257 -10,973 -9,177 -8,681 -8,900 -7,758 -6,425 -6,368 -6,165 -5,261 -5,429 -5,591 -5,087 -5,155 NBS

-420,058 -414,458 -403,805 -396,481 -398,228 -391,348 -400,881 -398,867 -399,631 -397,340 -392,398 -385,480 -392,772 -386,509 -367,363 -361,137 -352,258 -341,871 -338,540 -340,915 Banks

1,960,946 1,887,410 1,890,821 1,888,347 1,876,172 2,010,355 2,011,490 2,015,943 2,023,616 2,042,379 2,067,244 2,150,980 2,081,784 2,105,094 2,150,794 2,164,096 2,186,623 2,261,446 2,245,504 2,264,494 Net domestic assets2,055,902 1,997,350 2,003,208 1,991,609 1,986,378 2,045,364 2,037,765 2,046,048 2,062,971 2,080,433 2,098,023 2,173,591 2,144,179 2,175,313 2,221,047 2,237,026 2,273,490 2,316,888 2,310,402 2,315,961 Domestic claims

97,847 78,744 83,250 85,200 93,511 126,447 120,965 124,895 133,398 149,334 157,101 193,298 170,333 214,197 259,421 275,246 292,479 307,351 285,417 292,535 Net claims on government465,585 459,789 459,705 468,149 474,482 469,025 469,511 468,356 493,295 520,056 532,192 539,657 563,001 592,124 601,305 589,070 602,439 604,727 610,343 613,921 Claims on government277,584 269,465 267,844 271,538 274,563 279,803 278,471 278,874 295,989 315,015 323,354 335,446 345,707 368,283 367,531 355,354 369,866 361,310 364,433 369,043 Dinar and indexed dinar

1,215 1,292 1,332 1,245 1,213 1,242 1,241 1,216 1,218 1,184 1,220 1,175 1,134 1,181 1,162 1,200 1,202 1,247 1,213 1,246 NBS 276,369 268,173 266,512 270,293 273,350 278,561 277,230 277,658 294,771 313,831 322,134 334,270 344,573 367,102 366,369 354,154 368,664 360,063 363,220 367,796 Banks188,001 190,324 191,861 196,611 199,919 189,222 191,040 189,482 197,306 205,041 208,838 204,211 217,294 223,841 233,774 233,716 232,573 243,416 245,910 244,878 Foreign currency credit

4 4 4 5 4 4 4 5 4 4 4 5 8 9 10 11 12 11 11 12 NBS 187,997 190,320 191,857 196,606 199,915 189,218 191,036 189,477 197,302 205,037 208,834 204,206 217,286 223,832 233,764 233,705 232,561 243,405 245,899 244,866 Banks

-367,738 -381,045 -376,455 -382,949 -380,971 -342,578 -348,546 -343,461 -359,897 -370,722 -375,091 -346,358 -392,668 -377,927 -341,884 -313,824 -309,960 -297,375 -324,926 -321,386 Government deposits (-)-118,757 -138,043 -139,126 -140,828 -132,128 -123,557 -123,797 -124,709 -150,351 -163,839 -166,101 -141,707 -175,254 -167,641 -142,176 -120,122 -114,897 -111,654 -140,946 -146,516 Dinar and indexed dinar deposits-97,250 -115,690 -119,403 -121,974 -112,833 -103,607 -104,311 -105,203 -134,379 -148,801 -151,198 -125,442 -158,659 -151,249 -121,656 -97,911 -92,372 -89,263 -125,136 -130,770 NBS -21,507 -22,353 -19,723 -18,854 -19,295 -19,950 -19,486 -19,506 -15,972 -15,038 -14,903 -16,265 -16,595 -16,392 -20,520 -22,211 -22,525 -22,391 -15,811 -15,746 Banks

-248,980 -243,002 -237,329 -242,120 -248,843 -219,021 -224,749 -218,753 -209,547 -206,883 -208,990 -204,650 -217,414 -210,286 -199,707 -193,702 -195,063 -185,721 -183,980 -174,871 Foreign currency deposits-182,548 -178,765 -167,057 -171,737 -166,609 -150,151 -156,759 -150,241 -140,842 -137,866 -133,536 -126,166 -139,011 -130,447 -121,274 -116,084 -108,633 -108,111 -108,120 -98,756 NBS -66,433 -64,237 -70,271 -70,384 -82,234 -68,870 -67,990 -68,512 -68,705 -69,017 -75,454 -78,485 -78,403 -79,838 -78,433 -77,618 -86,430 -77,610 -75,860 -76,114 Banks

1,958,055 1,918,606 1,919,958 1,906,410 1,892,867 1,918,917 1,916,800 1,921,153 1,929,573 1,931,099 1,940,922 1,980,293 1,973,846 1,961,116 1,961,626 1,961,780 1,981,011 2,009,537 2,024,985 2,023,426 Claims on non-government sectors748,010 732,239 735,074 737,397 742,621 746,503 747,168 747,155 746,934 753,930 757,204 759,875 763,496 769,067 774,676 779,273 788,916 801,994 809,394 816,552 Households178,210 180,615 185,489 184,111 182,054 188,459 183,213 182,749 178,933 178,705 177,846 169,505 165,142 163,829 158,140 154,675 150,216 148,481 153,637 149,365 Public enterprises152,428 155,502 160,329 158,952 157,955 164,938 161,670 161,398 158,142 157,330 158,066 152,856 150,103 148,770 143,275 139,864 137,099 135,349 142,344 138,113 Dinar and indexed dinar25,781 25,113 25,160 25,159 24,099 23,521 21,543 21,351 20,791 21,375 19,780 16,649 15,038 15,059 14,865 14,811 13,116 13,132 11,293 11,252 Foreign currency

969,941 946,337 940,306 924,421 911,935 923,880 930,428 932,101 943,851 941,386 949,176 992,544 984,450 967,351 966,449 964,799 973,949 994,873 996,268 992,119 Companies907,959 883,356 876,479 863,680 854,895 866,593 874,743 874,556 882,943 880,578 886,762 922,568 917,959 908,349 908,203 904,340 912,424 932,268 934,236 928,313 Dinar and indexed dinar61,982 62,982 63,827 60,740 57,040 57,286 55,685 57,545 60,908 60,809 62,414 69,976 66,491 59,002 58,246 60,459 61,525 62,605 62,032 63,806 Foreign currency25,208 23,934 23,738 26,022 21,905 25,329 21,280 24,820 25,441 23,228 23,176 24,770 26,883 27,453 28,322 28,690 33,702 30,158 31,386 31,871 Other financial corporations35,524 34,407 34,184 33,329 33,188 33,244 33,266 32,925 33,022 32,429 32,150 32,193 32,358 31,942 32,313 32,509 32,474 32,319 32,744 32,013 Local government1,162 1,074 1,167 1,129 1,164 1,502 1,445 1,403 1,392 1,421 1,370 1,406 1,517 1,474 1,726 1,834 1,754 1,712 1,556 1,506

-94,956 -109,940 -112,388 -103,262 -110,206 -35,009 -26,275 -30,105 -39,355 -38,054 -30,780 -22,610 -62,395 -70,219 -70,253 -72,930 -86,867 -55,442 -64,897 -51,467 Other assets, net

3,021,117 2,953,834 2,987,447 2,994,435 3,011,645 3,110,075 3,106,575 3,103,928 3,115,998 3,163,142 3,201,433 3,237,766 3,171,936 3,198,265 3,191,889 3,204,289 3,255,708 3,322,394 3,335,674 3,353,867 Deposit, capital and provisioning1,842,805 1,806,230 1,816,585 1,825,305 1,831,231 1,855,611 1,851,641 1,856,243 1,871,825 1,889,958 1,905,939 1,969,507 1,921,640 1,937,483 1,947,703 1,961,439 2,004,279 2,023,175 2,034,597 2,055,146 Money supply M3

575,957 567,556 567,397 570,400 572,896 594,887 618,356 621,158 632,187 637,410 647,717 702,476 645,012 646,726 645,412 657,656 672,205 685,006 698,157 709,055 Money supply M2409,512 398,966 396,419 401,035 402,827 425,009 444,241 456,520 453,746 459,376 472,687 504,474 478,058 483,789 489,741 496,128 502,565 520,542 536,558 543,151 Money supply M1120,659 118,865 114,367 119,396 121,252 118,956 126,640 123,462 125,673 127,386 124,584 139,818 133,880 132,584 131,438 140,790 131,932 137,324 146,628 139,325 Currency in circulation288,853 280,101 282,052 281,639 281,575 306,053 317,601 333,058 328,073 331,990 348,103 364,656 344,178 351,205 358,303 355,338 370,633 383,218 389,929 403,827 Sight deposits166,445 168,590 170,978 169,365 170,069 169,878 174,115 164,638 178,441 178,034 175,030 198,002 166,954 162,937 155,671 161,528 169,640 164,464 161,599 165,904 Dinar and indexed dinar time and savings deposits

1,266,849 1,238,674 1,249,188 1,254,906 1,258,335 1,260,724 1,233,285 1,235,084 1,239,637 1,252,548 1,258,222 1,267,032 1,276,628 1,290,757 1,302,292 1,303,783 1,332,074 1,338,169 1,336,440 1,346,091 Foreign currency deposits890,928 862,099 880,924 877,833 891,085 962,189 966,885 958,494 954,442 978,951 997,837 951,509 932,467 947,262 935,588 934,919 941,585 984,981 991,753 990,026 Capital accounts271,956 252,798 268,558 255,526 264,484 335,502 337,032 324,845 319,884 340,912 356,541 341,107 324,472 333,638 315,343 316,137 322,488 366,917 368,193 361,159 NBS 618,972 609,301 612,366 622,307 626,601 626,687 629,853 633,649 634,558 638,039 641,296 610,402 607,995 613,624 620,245 618,782 619,097 618,064 623,561 628,867 Banks287,384 285,505 289,937 291,297 289,329 292,275 288,049 289,191 289,731 294,233 297,657 316,750 317,831 313,520 308,598 307,931 309,844 314,238 309,323 308,694 Provisioning for losses275,017 273,257 277,193 278,603 276,796 279,685 275,522 276,607 277,038 281,504 284,758 300,897 304,248 299,790 295,165 294,378 296,014 300,177 295,457 294,773 Claims on non-government sectors

4,399 4,288 4,265 4,216 4,256 4,322 4,216 4,187 4,228 4,246 4,337 4,345 4,366 4,411 4,196 4,208 4,484 4,489 4,361 4,295 Other claims7,968 7,960 8,480 8,478 8,277 8,268 8,311 8,397 8,465 8,483 8,562 11,508 9,217 9,319 9,237 9,345 9,346 9,572 9,505 9,626 For other losses

Analitical items829,928 841,899 877,764 884,905 907,049 900,788 891,665 891,048 904,596 936,966 948,877 912,083 904,786 914,942 873,147 875,158 900,601 875,227 906,190 914,503 Net monetary effects of foreign currency transactions1)

1,749,761 1,681,733 1,690,793 1,688,469 1,668,532 1,831,930 1,829,680 1,841,052 1,857,802 1,881,788 1,905,726 2,006,337 1,928,543 1,959,019 2,014,738 2,027,728 2,044,721 2,075,726 2,061,525 2,089,623 Net domestic assets excluding foreign currency government deposits 1,683,037 1,645,349 1,642,766 1,627,807 1,616,069 1,639,232 1,641,277 1,644,545 1,652,536 1,649,595 1,656,164 1,679,394 1,669,597 1,661,326 1,666,461 1,667,401 1,684,997 1,709,359 1,729,528 1,728,653 Net claims on non-government sectors²

Annual growth rates9.69 7.64 7.40 7.51 6.75 6.63 4.38 2.77 2.94 3.90 4.18 6.56 4.28 7.27 7.22 7.46 9.45 9.03 9.88 10.72 M3

13.32 12.03 9.88 9.22 6.38 7.14 7.20 4.74 7.68 7.54 9.44 14.43 11.99 13.95 13.75 15.30 17.33 15.15 12.91 14.15 M214.35 11.78 10.47 10.48 5.96 6.28 7.90 7.37 9.06 12.77 15.22 17.08 16.74 21.26 23.54 23.71 24.76 22.48 20.78 18.98 M1

Non-profit and other organizations

2015 2016


31

Table 1.1.6

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


tions

Localgove-

rnment

Public enter-prises

Compa-nies

House-holds

Of which: Entre-

preneurs

Non-profit and other 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

2013 17,508 28 15,214 126,303 77,061 13,048 7,573 243,686 17,712 10,723 12,693 73,596 30,867 1,314 4,021 149,611

2014 13,539 590 40,337 118,500 89,589 17,520 9,250 271,805 12,780 10,589 17,263 90,878 34,424 1,710 3,979 169,913

2015 11,247 1,298 54,877 147,871 105,896 21,321 10,113 331,302 16,502 5,616 21,007 91,118 34,521 1,534 3,521 172,285

2014

Sep 7,411 67 15,680 148,753 79,630 16,006 8,939 260,480 22,639 9,472 15,578 72,685 36,086 1,623 4,912 161,371

ct 7,477 72 17,036 140,185 78,633 15,458 9,041 252,444 23,655 10,484 15,998 84,720 35,829 1,644 4,714 175,399

Nov 8,652 72 17,775 131,967 80,939 15,549 9,386 248,791 23,311 10,107 14,552 82,890 35,770 1,660 5,131 171,760

Dec 13,539 590 40,337 118,500 89,589 17,520 9,250 271,805 12,780 10,589 17,263 90,878 34,424 1,710 3,979 169,913

2015

Jan 8,231 464 38,817 119,458 80,226 15,202 9,063 256,259 17,797 8,402 18,005 72,340 33,669 1,723 3,685 153,898

Feb 7,449 515 44,875 101,092 80,033 14,498 9,316 243,280 14,638 7,372 17,814 79,020 32,941 1,731 3,780 155,565

Mar 9,871 436 45,018 107,199 79,425 14,794 9,210 251,159 14,443 10,158 21,791 74,694 32,610 1,663 3,602 157,298

Apr 10,569 351 45,920 104,995 81,747 14,576 9,715 253,297 16,585 12,027 20,703 67,043 33,139 1,696 3,654 153,151

May 9,615 307 40,172 111,952 82,574 15,660 10,479 255,099 17,366 13,292 18,813 66,908 33,386 1,723 3,682 153,447

Jun 8,573 1,909 42,923 122,656 85,222 16,869 10,374 271,657 14,050 12,201 17,125 71,473 33,759 1,681 3,120 151,728

Jul 9,277 1,732 48,082 125,869 90,461 17,501 10,803 286,224 12,630 12,487 22,444 70,462 34,157 1,762 3,115 155,295

Aug 9,370 1,766 50,071 136,626 91,109 18,846 11,022 299,964 12,196 12,589 19,916 63,020 34,380 1,702 3,249 145,350

Sep 8,875 1,731 50,136 129,330 92,301 19,044 10,976 293,349 17,430 10,796 19,146 73,225 34,473 1,718 3,469 158,539

ct 7,849 508 51,386 136,576 91,503 18,450 10,524 298,346 16,466 10,560 19,851 72,683 34,091 1,678 3,621 157,272

Nov 10,705 1,122 51,622 144,730 93,189 19,287 10,798 312,166 17,013 9,187 20,025 67,698 34,359 1,623 3,498 151,780

Dec 11,247 1,298 54,877 147,871 105,896 21,321 10,113 331,302 16,502 5,616 21,007 91,118 34,521 1,534 3,521 172,285

2016

Jan 9,498 1,258 54,393 132,457 102,112 19,464 10,372 310,090 17,769 5,869 19,946 57,938 35,214 1,314 3,496 140,232

Feb 10,726 1,328 49,734 138,534 103,478 20,177 10,941 314,741 17,217 6,228 20,798 52,952 35,248 1,266 3,443 135,886

Mar 12,340 1,252 56,917 141,089 104,118 20,116 10,888 326,604 12,588 6,052 20,058 53,048 35,325 1,223 3,478 130,549

Apr 11,572 1,479 54,020 137,977 109,461 20,346 11,055 325,564 13,685 5,840 20,553 56,680 36,389 1,239 3,476 136,623

May 11,816 1,721 55,951 148,532 107,494 22,074 11,131 336,645 14,586 5,817 19,631 65,113 36,620 1,241 3,441 145,208

Jun 14,599 1,686 54,440 153,301 112,830 23,515 11,138 347,994 16,154 6,065 20,020 57,687 37,234 1,183 3,152 140,313

Jul 11,108 1,840 61,224 151,803 118,780 23,448 10,808 355,562 16,959 6,347 20,888 52,495 38,050 1,148 3,257 137,995

Aug 11,800 1,895 59,121 164,493 117,216 24,721 11,212 365,737 16,916 6,495 20,905 56,212 38,110 1,234 3,295 141,933





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

NOTES:


32


Local go-vernment

Public enter-prises

Compa-nies

House-holds

Of which: Entre-

preneurs


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

25,273 15 21,098 150,280 740,639 1,897 4,090 941,395 1,334,692 2013

11,615 756 32,228 161,156 777,830 2,981 4,998 988,583 1,430,301 2014

7,883 541 37,324 170,961 700,668 4,012 4,581 921,958 1,425,545 2015

2014

19,102 9 20,398 178,397 780,520 2,696 5,873 1,004,300 1,426,151 Sep

17,855 17 20,284 174,095 783,273 2,794 5,409 1,000,932 1,428,774 ct

16,362 26 20,354 176,442 773,463 2,915 5,439 992,087 1,412,637 Nov

11,615 756 32,228 161,156 777,830 2,981 4,998 988,583 1,430,301 Dec

2015

12,252 697 29,884 163,984 802,776 3,070 4,957 1,014,550 1,424,707 Jan

13,261 661 27,458 164,917 782,782 3,083 4,878 993,957 1,392,802 Feb

12,684 656 34,821 166,683 778,368 3,112 4,447 997,659 1,406,116 Mar

10,067 852 46,698 161,764 771,992 3,188 4,884 996,257 1,402,705 Apr

12,253 789 46,360 165,175 769,747 3,328 4,345 998,669 1,407,215

13,707 884 38,266 163,775 768,467 3,514 4,244 989,343 1,412,728 Jun

9,465 816 33,971 159,120 754,361 3,586 4,202 961,935 1,403,454 Jul

10,316 807 32,988 159,689 749,050 3,699 4,375 957,225 1,402,539 Aug

9,292 762 38,218 164,692 741,219 3,751 4,489 958,672 1,410,560 Sep

9,671 799 36,886 169,856 743,965 3,848 4,678 965,855 1,421,473 ct

11,230 608 37,027 167,707 706,333 3,909 4,559 927,464 1,391,410 Nov

7,883 541 37,324 170,961 700,668 4,012 4,581 921,958 1,425,545 Dec

2016

9,207 520 36,599 165,951 710,459 4,255 4,994 927,730 1,378,052 Jan

9,101 468 38,262 173,488 710,156 4,321 4,918 936,393 1,387,019 Feb

9,295 415 42,956 182,822 716,491 4,441 5,118 957,097 1,414,250 Mar

10,859 382 42,396 185,456 729,171 4,736 5,261 973,526 1,435,713 Aug

9,133 414 44,089 195,644 748,180 4,710 5,409 1,002,868 1,484,721

8,593 398 54,197 191,748 760,632 4,955 5,333 1,020,901 1,509,207 Jun

7,841 654 52,761 190,043 773,869 5,150 5,374 1,030,542 1,524,099 Jul

9,227 739 51,674 198,892 782,834 5,293 5,758 1,049,123 1,556,792 Aug


Total short-term

deposits (7+14+21)


33

Table 1.1.6a

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


Total(1 to 6)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds

Of which: Entre-

preneurs


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

2013 1,029 24 15 5,712 2,804 44 99 9,683 8,066 0 5,490 11,858 193,201 41 90 218,706 228,389 1,563,082 2013

2014 1,277 146 607 7,331 3,634 76 114 13,108 2,931 3 3,109 11,955 220,471 49 141 238,610 251,718 1,682,019 2014

2015 2,938 146 1,818 9,551 10,843 59 420 25,716 3,352 5 5,249 17,462 313,603 52 324 339,995 365,711 1,791,256 2015

2014 2014

Sep 1,204 28 81 4,526 3,763 72 104 9,706 2,735 0 4,958 11,466 196,344 29 454 215,957 225,663 1,651,813 Sep

ct 1,235 24 82 4,701 3,824 93 102 9,968 2,777 0 4,977 11,191 197,974 36 458 217,377 227,345 1,656,119 ct

Nov 1,209 23 139 4,821 3,511 84 126 9,829 2,811 0 5,060 11,466 216,518 47 491 236,348 246,177 1,658,814 Nov

Dec 1,277 146 607 7,331 3,634 76 114 13,108 2,931 3 3,109 11,955 220,471 49 141 238,610 251,718 1,682,019 Dec

2015 2015

Jan 1,317 37 616 6,723 3,728 75 129 12,549 3,282 3 2,930 12,426 226,322 49 160 245,123 257,672 1,682,379 Jan

Feb 1,878 37 598 6,710 3,705 74 98 13,026 3,199 3 2,586 12,368 219,981 41 157 238,294 251,320 1,644,122 Feb

Mar 1,361 136 487 7,424 3,932 69 340 13,681 2,983 3 2,137 12,035 226,581 74 146 243,885 257,566 1,663,682 Mar

. 1,484 156 947 8,294 4,962 69 370 16,214 3,231 3 2,140 12,737 231,117 80 193 249,421 265,635 1,668,340 Apr

May 1,815 56 958 7,717 5,706 47 370 16,622 2,916 3 2,306 13,382 236,410 80 195 255,212 271,834 1,679,049 May

Jun 1,808 48 1,921 7,743 6,242 48 388 18,149 2,929 5 2,705 12,838 241,712 84 216 260,405 278,554 1,691,282 Jun

Jul 1,871 43 1,943 7,744 6,763 70 427 18,791 3,004 5 2,728 14,045 247,058 84 263 267,103 285,894 1,689,348 Jul

Aug 1,863 45 1,976 7,769 7,193 56 443 19,288 3,006 5 3,439 14,130 251,321 54 260 272,161 291,449 1,693,988 Aug

Sep 1,940 143 2,022 7,929 7,570 63 300 19,903 2,904 5 3,882 14,378 253,904 54 275 275,348 295,251 1,705,811 Sep

ct 2,298 142 1,751 8,287 7,943 60 341 20,761 3,009 5 4,117 14,600 261,470 50 282 283,483 304,244 1,725,717 ct

Nov 2,613 136 1,789 8,481 9,844 59 388 23,250 3,034 5 5,002 15,539 301,751 52 293 325,624 348,874 1,740,284 Nov

Dec 2,938 146 1,818 9,551 10,843 59 420 25,716 3,352 5 5,249 17,462 313,603 52 324 339,995 365,711 1,791,256 Dec

2016 2016

Jan 3,014 349 1,765 10,019 11,146 58 429 26,722 3,330 5 4,767 18,307 316,838 46 336 343,583 370,305 1,748,357 Jan

Feb 3,275 351 1,473 9,893 11,608 55 449 27,049 3,200 5 4,730 19,204 320,731 49 342 348,212 375,261 1,762,280 Feb

Mar 2,912 352 1,190 8,809 11,438 47 419 25,120 3,430 5 4,674 19,374 310,949 49 336 338,768 363,888 1,778,138 Mar

. 3,015 239 1,227 9,441 10,663 45 321 24,906 3,133 5 4,467 17,805 298,855 48 282 324,547 349,453 1,785,165 Apr

May 2,907 230 781 9,559 10,649 46 305 24,431 3,314 5 4,198 16,927 294,025 40 188 318,657 343,088 1,827,810 May

Jun 2,859 231 781 9,573 10,425 45 284 24,152 3,339 3 4,208 17,578 287,491 45 173 312,792 336,944 1,846,152 Jun

Jul 2,769 225 772 9,320 10,265 42 254 23,604 3,345 3 4,111 17,208 276,942 42 126 301,734 325,338 1,849,438 Jul

Aug 2,888 226 791 9,818 9,998 40 250 23,971 3,335 4 3,322 17,468 268,606 75 126 292,861 316,832 1,873,625 Aug



Foreign currency depositsTotal long-term

deposits (7+14)

Total deposits(Table 1.1.6 and

Table 1.1.6a)

Dinar and indexed dinar deposits


NOTES:



34


35

Table 1.1.7

Corporate Deposits by Contracted Hedge and Currency(In million dinars, end of period)

No risk hedging

Consumer price

indices

Other types of hedging

EUR USD JPY CHF GBP Other currencies

Limited FX clause (unilateral)

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

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

2013 27,923 205,610 221,275 0 0 12,139 72 0 47 0 0 233,533

2014 58,206 216,709 259,131 0 0 14,999 770 0 15 0 0 0 274,915

2015 77,702 248,540 309,603 0 0 16,553 86 0 0 0 0 0 326,242

2014

Sep 31,338 225,965 246,208 0 0 10,891 164 0 39 0 0 257,302

Oct 33,115 229,605 251,813 0 0 10,678 188 0 41 0 0 262,721

Nov 32,466 219,678 241,401 0 0 10,427 274 0 42 0 0 252,144

Dec 58,206 216,709 259,131 0 0 14,999 770 0 15 0 0 0 274,915

2015

Jan 57,437 198,521 242,890 0 0 12,661 389 0 18 0 0 0 255,958

Feb 63,287 186,822 237,725 0 0 11,967 400 0 17 0 0 0 250,109

Mar 67,296 189,317 241,483 0 0 14,641 472 0 17 0 0 0 256,613

Apr 67,570 180,332 233,725 0 0 13,709 452 0 17 0 0 0 247,903

May 59,943 186,577 234,042 0 0 12,019 441 0 18 0 0 0 246,519

Jun 61,969 201,871 246,199 5 0 17,111 507 0 17 0 0 0 263,840

Jul 72,469 204,075 263,427 0 0 12,980 120 0 17 0 0 0 276,544

Aug 71,963 207,415 267,679 0 0 11,542 140 0 17 0 0 0 279,377

Sep 71,305 210,483 264,889 0 0 16,743 140 0 16 0 0 0 281,788

Oct 72,989 217,546 279,172 0 0 11,171 190 0 0 0 0 0 290,534

Nov 73,436 220,909 282,953 0 0 11,149 242 0 0 0 0 0 294,345

Dec 77,702 248,540 309,603 0 0 16,553 86 0 0 0 0 0 326,242

2016

Jan 76,104 200,414 268,273 0 0 8,142 103 0 0 0 0 0 276,518

Feb 72,006 201,379 265,914 0 0 7,367 103 0 0 0 0 0 273,385

Mar 78,166 202,946 273,320 0 0 7,693 99 0 0 0 0 0 281,112

Apr 75,800 204,098 271,867 0 0 7,933 99 0 0 0 0 0 279,898

May 76,364 223,205 294,411 0 0 5,057 101 0 0 0 0 0 299,568

Jun 75,240 220,561 288,115 0 0 7,585 101 0 0 0 0 0 295,801

Jul 82,883 213,618 290,787 0 0 5,612 102 0 0 0 0 0 296,500

Aug 80,817 230,524 306,284 0 0 4,956 101 0 0 0 0 0 311,340

In December 2014, the reclassification of institutional units was made. Based on sector tables presented on the NBS webpage – http://www.nbs.rs/internet/cirilica/20/index_stat.html, division has been made by institutional sectors in accordance with the European System of Accounts (ESA 2010). As of December 2014, related institutional units subject or not subject to consolidation (finance and insurance sectors, public enterprises, companies, foreign persons and other clients) have been distributed to the appertaining sectors in accordance with ESA 2010 and are no longer presented separately.


Public enterprises

NOTES:


Companies

Dinar deposits FX-indexed dinar deposits

Total(1+2) = (3 to 12)

Deposits in national currency


36


14 15 16 17 18 19 20 21 22 23

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

26,588 162,138 163,664 23,533 0 814 716 188,726 422,259 2013

35,337 173,111 187,247 18,924 3 677 1,176 419 208,448 483,363 2014

42,573 188,424 197,862 28,990 0 869 2,680 595 230,996 557,238 2015

2014

25,356 189,864 184,501 28,699 3 539 1,477 215,219 472,521 Sep

25,261 185,286 186,701 21,643 1 596 1,606 210,547 473,267 Oct

25,414 187,909 187,137 23,997 0 598 1,592 213,323 465,467 Nov

35,337 173,111 187,247 18,924 3 677 1,176 419 208,448 483,363 Dec

2015

32,814 176,411 187,360 19,700 0 509 1,051 605 209,225 465,183 Jan

30,044 177,285 184,129 19,819 1 523 2,156 701 207,329 457,438 Feb

36,958 178,717 191,443 21,634 0 543 1,391 665 215,676 472,289 Mar

48,838 174,501 200,511 20,059 0 571 1,636 562 223,339 471,242 Apr

48,666 178,557 201,974 22,637 0 604 1,556 453 227,224 473,743 May

40,971 176,612 193,203 21,811 0 718 1,409 443 217,583 481,423 Jun

36,699 173,165 185,211 21,919 0 568 1,355 812 209,864 486,408 Jul

36,427 173,819 184,809 23,095 0 680 1,254 408 210,246 489,623 Aug

42,101 179,069 190,063 27,969 1 906 1,613 618 221,170 502,958 Sep

41,003 184,456 194,306 28,057 1 884 1,599 614 225,459 515,993 Oct

42,029 183,246 194,007 28,345 0 849 1,372 703 225,276 519,620 Nov

42,573 188,424 197,862 28,990 0 869 2,680 595 230,996 557,238 Dec

2016

41,366 184,258 192,758 28,868 1 893 2,341 763 225,624 502,142 Jan

42,991 192,691 201,471 31,061 2 907 1,559 684 235,683 509,067 Feb

47,631 202,195 215,937 30,814 0 1,018 1,244 812 249,826 530,937 Mar

46,864 203,261 218,042 29,131 0 1,041 1,234 677 250,125 530,023 Apr

48,287 212,571 226,375 31,281 0 1,049 1,267 886 260,857 560,425 May

58,405 209,325 228,367 36,543 0 1,105 1,095 621 267,730 563,531 Jun

56,872 207,252 222,891 37,870 1 1,136 1,149 1,077 264,123 560,623 Jul

54,996 216,360 228,386 39,725 75 1,121 1,361 688 271,356 582,696 Aug

FX deposits

Currency structure

Total(14+15) = (16 to 21)

Public enterprises

CompaniesTotal

(13+22)


37

Тable 1.1.8

Household Deposits by Contracted Hedge and Currency(In million dinars, end of period)

No risk hedging

Consumer price indices

Other types of hedging EUR USD JPY CHF GBP

Other currencies

Limited FX clause

(unilateral)

1 2 3 4 5 6 7 8 9 10 11

2008 52,260 0 3 2,661 0 0 9 3 8 52,549

2009 61,326 0 0 2,194 0 0 1 0 3 61,550

2010 60,545 0 9 2,432 0 0 3 0 0 60,799

2011 79,277 0 4 2,686 0 0 6 8 0 79,564

2012 78,370 0 5 4,534 0 0 11 4 0 78,843

2013 110,389 0 7 318 0 0 17 2 0 110,732

2014 127,372 0 5 267 0 0 3 0 0 0 127,646

2015 150,878 0 8 375 0 0 0 0 0 0 151,260

2014

Sep 119,218 0 4 251 0 0 2 2 0 119,479

Oct 118,026 0 4 251 0 0 2 2 0 118,286

Nov 119,958 0 4 254 0 0 3 1 0 120,220

Dec 127,372 0 5 267 0 0 3 0 0 0 127,646

2015

Jan 117,120 0 5 495 0 0 3 0 0 0 117,622

Feb 116,215 0 4 457 0 0 3 0 0 0 116,679

Mar 115,521 0 5 439 0 0 3 0 0 0 115,968

Apr 119,411 0 8 427 0 0 3 0 0 0 119,848

May 121,203 0 5 456 0 0 3 0 0 0 121,666

Jun 124,759 0 5 456 0 0 3 0 0 0 125,223

Jul 130,908 0 8 462 0 0 3 0 0 0 131,381

Aug 132,183 0 7 493 0 0 0 0 0 0 132,682

Sep 133,910 0 6 426 0 0 0 0 0 0 134,343

Oct 133,125 0 5 406 0 0 0 0 0 0 133,536

Nov 136,935 0 7 450 0 0 0 0 0 0 137,392

Dec 150,878 0 8 375 0 0 0 0 0 0 151,260

2016

Jan 148,367 0 6 99 0 0 0 0 0 0 148,472

Feb 150,233 0 6 96 0 0 0 0 0 0 150,334

Mar 150,805 0 9 66 0 0 0 0 0 0 150,880

Apr 156,427 0 10 77 0 0 0 0 0 0 156,514

May 154,679 0 8 75 0 0 0 0 0 0 154,762

Jun 160,402 0 6 82 0 0 0 0 0 0 160,489

Jul 167,003 0 7 84 0 0 0 0 0 0 167,095

Aug 165,224 0 8 92 0 0 0 0 0 0 165,324


Dinar FX-indexed dinar deposits

Total(1 t 10)

NOTE:

Deposits in national currency


38

EUR USD JPY CHF GBPOther

currencies

12 13 14 15 16 17 18 19

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

873,772 27,276 21 26,500 6,272 933,840 1,044,572 2013

926,689 33,016 31 31,209 2,285 5,072 998,301 1,125,948 2014

926,995 40,690 78 37,992 3,557 4,959 1,014,271 1,165,531 2015

2014

908,308 31,310 23 29,869 7,356 976,865 1,096,343 Sep

912,546 31,357 23 29,891 7,431 981,247 1,099,532 Oct

919,875 31,815 27 30,557 7,707 989,981 1,110,202 Nov

926,689 33,016 31 31,209 2,285 5,072 998,301 1,125,948 Dec

2015

948,451 37,099 39 35,949 2,455 5,104 1,029,098 1,146,721 Jan

923,567 36,800 42 34,557 2,591 5,206 1,002,762 1,119,442 Feb

922,547 38,591 47 35,889 2,615 5,260 1,004,949 1,120,917 Mar

921,208 37,614 50 36,158 2,668 5,411 1,003,109 1,122,957 Apr

922,747 38,181 50 36,997 3,514 4,667 1,006,156 1,127,823 May

927,133 37,745 82 37,124 3,496 4,600 1,010,179 1,135,402 Jun

917,238 38,595 77 37,273 3,618 4,619 1,001,419 1,132,800 Jul

917,097 37,971 76 36,910 3,737 4,581 1,000,371 1,133,053 Aug

912,095 38,067 77 36,635 3,672 4,578 995,124 1,129,467 Sep

920,451 39,312 79 37,103 3,626 4,864 1,005,435 1,138,971 Oct

921,217 40,896 81 37,260 3,643 4,987 1,008,083 1,145,476 Nov

926,995 40,690 78 37,992 3,557 4,959 1,014,271 1,165,531 Dec

2016

939,282 41,661 58 37,717 3,571 5,009 1,027,297 1,175,769 Jan

941,906 41,798 34 38,416 3,615 5,116 1,030,886 1,181,220 Feb

939,539 40,559 22 38,235 3,794 5,289 1,027,439 1,178,319 Mar

939,787 40,853 23 38,090 3,890 5,384 1,028,026 1,184,540 Apr

952,211 42,186 23 38,140 4,176 5,469 1,042,205 1,196,967 May

956,449 42,947 24 39,068 4,012 5,624 1,048,123 1,208,612 Jun

958,558 43,175 23 39,402 4,011 5,640 1,050,810 1,217,905 Jul

959,595 43,183 22 38,967 4,022 5,650 1,051,440 1,216,764 Aug

Total(12 to 17)

Currency structureTotal

(11 + 18)

FX deposits


39

Тable 1.1.9

Corporate Deposits 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

2013 3,879 29,485 31,155 11,014 34,597 13,211 15,436 2,442 295 4 141,517 3,020 18,806 4,547 12,337 21,213 11,255 17,925

2014 3,487 35,810 27,169 11,965 40,286 23,474 15,658 989 158,837 3,107 26,060 6,668 15,311 38,396 12,157 13,781

2015 4,404 46,021 34,085 13,706 50,850 29,678 22,171 1,834 202,748 2,581 29,995 10,284 13,624 36,232 12,710 17,342

2014Sep 5,148 36,343 31,130 9,650 44,539 19,337 15,335 2,604 346 1 164,433 2,932 17,602 7,672 12,670 21,089 11,283 16,629

Oct 4,699 34,179 30,232 9,946 39,765 20,430 15,016 2,700 252 1 157,220 2,939 24,483 8,238 12,846 25,637 10,296 17,795

Nov 4,597 35,212 25,948 9,008 38,286 19,947 14,127 2,336 280 0 149,742 2,829 19,078 7,473 14,168 27,874 9,593 18,144

Dec 3,487 35,810 27,169 11,965 40,286 23,474 15,658 989 158,837 3,107 26,060 6,668 15,311 38,396 12,157 13,781

2015Jan 4,101 43,016 27,788 10,318 37,382 18,722 15,962 986 158,275 2,757 18,667 6,345 13,653 29,075 13,015 13,668

Feb 3,389 30,544 32,793 8,845 33,860 18,814 16,682 1,041 145,968 2,988 24,262 6,269 13,267 30,733 12,533 13,623

Mar 4,117 32,016 29,266 9,219 36,770 23,260 16,431 1,137 152,217 2,850 25,736 9,268 12,731 25,667 13,162 14,459

Apr 4,041 37,169 26,727 8,546 34,639 23,002 15,809 981 150,914 3,544 18,961 7,951 12,856 24,699 13,643 14,782

May 4,145 37,746 26,630 8,744 36,679 20,552 16,236 1,392 152,124 2,444 16,670 5,209 11,774 28,285 15,351 14,070

Jun 5,842 39,366 25,486 11,443 41,081 22,912 17,761 1,688 165,579 2,298 21,241 6,107 12,094 27,647 13,812 14,569

Jul 5,199 40,667 32,006 10,871 42,271 23,720 17,620 1,597 173,951 2,280 25,292 7,955 11,029 24,379 15,487 15,632

Aug 5,400 41,998 34,058 11,083 49,007 25,260 18,388 1,502 186,697 2,452 20,764 7,915 11,896 21,399 12,891 14,750

Sep 5,236 39,306 32,787 10,448 46,782 25,265 18,022 1,620 179,466 2,294 25,806 8,990 10,487 26,673 12,702 14,611

Oct 4,779 38,970 32,903 11,208 49,267 30,287 18,912 1,636 187,962 2,102 25,546 9,994 10,885 23,733 11,837 17,658

Nov 5,616 39,748 32,088 12,599 53,232 29,322 22,119 1,629 196,352 2,194 17,736 10,408 10,505 24,475 12,657 19,200

Dec 4,404 46,021 34,085 13,706 50,850 29,678 22,171 1,834 202,748 2,581 29,995 10,284 13,624 36,232 12,710 17,342

2016Jan 5,373 38,733 37,393 12,842 44,681 23,812 22,071 1,946 186,850 1,658 15,322 8,784 11,701 20,946 12,695 17,916

Feb 5,708 40,205 32,110 12,755 47,772 25,090 22,494 2,136 188,268 1,754 16,168 9,047 10,864 18,692 12,267 15,628

Mar 5,552 41,408 38,969 13,174 49,748 25,725 21,474 1,956 198,006 1,281 17,175 8,587 10,373 16,989 12,150 15,842

Apr 5,229 41,218 39,021 13,627 46,949 25,073 19,061 1,819 191,997 1,438 19,565 8,064 10,182 17,900 12,551 17,522

May 5,060 47,194 42,692 14,054 49,462 24,210 19,831 1,982 204,484 1,396 17,525 6,968 9,956 28,028 13,000 17,529

Jun 5,408 49,618 40,842 13,844 50,163 25,449 20,426 1,992 207,741 1,943 19,830 7,621 8,233 19,559 13,299 16,836

Jul 5,822 45,463 39,578 14,416 51,139 34,965 19,919 1,725 213,027 1,537 15,646 10,045 8,778 17,715 12,890 16,245

Aug 5,902 53,607 42,214 14,642 55,597 29,287 20,728 1,636 223,614 1,627 17,337 10,324 8,961 21,051 11,072 16,640

Sector J

Sector L

Sector M

Sector N

Sector P

Sector Q

Sector R

Sector S

NOTES:

LEGEND:

Sector A Agriculture, forestry, fishing

Sector E Water supply, waste water management, waste disposal control and similar activities

Sector F Construction

Sector G Wholesale and retall trade, repair of motor vehicles and motorcycles

Real estate activity

Professional, scientific, innovation and technical activities

Information and communications




Transaction deposits in dinars

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.

Art, entertainment and recreational activities

Education

Health and social care

Table shows data as of August 2010 due to entry into force of a new Decree on the Classification of Activities.

Other service activities

Dinar and indexed dinar savings and term deposits

Administrative and supporting service activities

Sector I Food and lodging services

Sector B Mining

Sector C Processing Industry

Sector D Distribution of electricity, gas, steam and air conditioning

Sector H Transport and warehousing


40

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 33 341,264 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

2,046 867 0 92,016 3,362 64,220 9,603 14,847 39,717 32,103 20,684 2,081 2,108 0 188,726 422,259 2013

599 116,078 2,935 74,082 12,621 16,887 39,890 34,086 27,022 924 208,448 483,363 2014

726 123,494 3,318 78,425 15,127 19,320 42,759 42,691 28,298 1,057 230,996 557,238 2015

2014

2,034 959 0 92,870 3,833 79,287 11,768 15,082 41,388 35,219 24,437 2,624 1,519 64 215,219 472,522 Sep

2,093 1,174 0 105,501 3,350 71,028 11,950 16,201 43,464 35,730 24,906 2,352 1,555 11 210,547 473,267 Oct

2,135 1,109 0 102,402 3,449 74,449 12,333 15,632 42,351 34,394 26,572 2,462 1,650 32 213,323 465,467 Nov

599 116,078 2,935 74,082 12,621 16,887 39,890 34,086 27,022 924 208,448 483,363 Dec

2015

503 97,683 3,604 72,150 12,901 18,033 39,013 34,862 27,793 869 209,225 465,183 Jan

468 104,142 4,662 73,957 11,023 19,428 37,511 32,959 26,960 828 207,329 457,438 Feb

524 104,396 3,917 78,153 17,164 18,617 36,429 33,851 26,699 847 215,676 472,289 Mar

552 96,988 4,058 74,338 27,475 18,549 35,874 35,015 27,193 838 223,339 471,241 Apr

595 94,396 4,037 75,780 28,763 19,271 38,361 33,221 26,922 869 227,224 473,743 May

494 98,261 3,696 73,962 16,696 19,038 39,305 36,092 27,802 993 217,583 481,423 Jun

538 102,593 3,512 70,038 16,033 18,422 39,086 34,211 27,517 1,044 209,865 486,408 Jul

614 92,680 3,527 70,318 15,505 17,678 41,347 33,806 27,004 1,062 210,246 489,623 Aug

759 102,322 3,072 77,059 13,699 18,944 39,224 39,373 28,759 1,040 221,170 502,958 Sep

817 102,572 3,257 75,595 13,749 19,182 40,550 42,709 29,256 1,161 225,459 515,993 Oct

817 97,992 3,055 76,107 15,158 18,151 40,922 42,310 28,467 1,106 225,275 519,620 Nov

726 123,494 3,318 78,425 15,127 19,320 42,759 42,691 28,298 1,057 230,996 557,238 Dec

2016

646 89,668 3,220 73,559 16,455 19,687 41,273 41,249 29,114 1,067 225,624 502,142 Jan

696 85,116 3,435 78,623 16,091 20,389 43,922 40,416 31,735 1,072 235,683 509,067 Feb

709 83,106 3,783 87,248 17,119 21,785 46,539 40,954 31,215 1,182 249,826 530,937 Mar

680 87,901 3,961 83,351 16,802 21,768 47,764 41,782 33,502 1,194 250,125 530,023 Apr

683 95,085 4,243 92,299 17,302 22,783 47,086 43,435 32,419 1,291 260,857 560,426 May

739 88,060 4,056 93,047 17,505 20,786 47,960 51,090 31,935 1,352 267,730 563,531 Jun

619 83,474 4,596 88,042 17,386 22,582 44,305 53,085 32,763 1,365 264,123 560,624 Jul

715 87,726 4,592 94,067 15,937 23,066 46,363 52,559 33,402 1,371 271,356 582,696 Aug

Total enterprises (11+22+33)

Dinar and indexed dinar savings and term deposits

Foreign exchange deposits


41

Table 1.1.10

Bank Short-Term Claims on Non-Monetary Sectors (In million dinars, end of period)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


Total(1 to 6)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


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

2013 10,679 272 5,948 385,466 96,065 361 498,791 535 1 131 9,013 63 0 9,743

2014 5,873 662 17,555 245,169 63,334 139 332,731 79 0 34 3,090 11 0 3,213

2015 4,518 95 10,632 205,146 44,313 233 264,936 2,371 33 1,994 3,568 10 0 7,976

2014

Sep 6,245 654 5,756 361,101 102,617 196 476,568 579 2 138 7,515 33 0 8,268

Oct 6,217 620 6,443 353,428 103,516 176 470,399 575 3 89 7,438 31 0 8,136

Nov 6,509 509 6,063 352,965 103,276 144 469,466 575 4 70 7,640 31 0 8,320

Dec 5,873 662 17,555 245,169 63,334 139 332,731 79 0 34 3,090 11 0 3,213

2015

Jan 4,045 84 14,391 226,622 62,366 181 307,689 104 452 34 2,618 11 0 3,219

Feb 4,121 87 13,802 223,234 60,790 174 302,208 111 436 34 2,581 11 0 3,173

Mar 4,158 164 14,334 217,779 58,483 173 295,090 108 0 449 3,382 13 0 3,952

Apr 4,362 203 15,222 208,232 57,360 159 285,538 112 0 439 2,793 14 0 3,358

May 4,634 176 14,270 200,641 55,620 213 275,553 112 0 431 2,698 13 0 3,254

Jun 5,179 220 15,679 202,517 54,269 202 278,066 107 0 431 3,272 12 0 3,822

Jul 4,378 287 15,114 197,502 53,028 178 270,486 61 0 1,344 3,137 10 0 4,552

Aug 4,299 429 15,099 194,201 51,601 164 265,792 1,261 0 3,274 3,004 10 0 7,549

Sep 4,476 390 14,754 194,687 50,249 201 264,757 1,786 0 3,055 2,889 10 0 7,741

Oct 3,363 355 13,760 188,073 48,541 251 254,343 1,789 0 2,838 2,951 10 0 7,588

Nov 3,146 331 13,752 193,219 46,352 239 257,039 2,361 34 2,619 3,091 10 0 8,116

Dec 4,518 95 10,632 205,146 44,313 233 264,936 2,371 33 1,994 3,568 10 0 7,976

2016

Jan 4,485 149 10,227 200,311 43,223 225 258,619 3,009 30 1,776 4,062 10 0 8,887

Feb 3,922 123 11,403 192,588 42,250 211 250,497 3,020 27 1,558 3,908 10 0 8,522

Mar 5,169 823 10,632 192,307 44,509 339 253,779 3,472 30 1,340 3,801 10 0 8,653

Apr 6,588 1,674 10,790 193,707 46,234 331 259,324 3,509 29 1,121 3,528 10 0 8,197

May 7,217 1,658 10,375 198,114 48,487 321 266,172 3,506 25 903 3,347 10 0 7,792

Jun 7,589 1,788 11,828 209,079 50,371 313 280,968 3,521 22 693 3,817 10 0 8,064

Jul 7,073 2,205 11,060 215,250 51,418 181 287,189 5,502 26 471 3,946 10 0 9,955

Aug 7,060 2,071 11,471 215,313 52,952 147 289,015 5,510 22 434 3,998 10 0 9,974




NOTES:


Credit Securities

Short-term dinar and indexed dinar claims


42


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


Total(15 to 20)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


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

3,429 90 226 23,557 6,381 19 33,701 5,848 16 0 35,009 350 3 41,226 583,460 2013

452 4 1,789 10,781 2,743 18 15,788 5,801 0 4,336 25,151 214 1 35,502 387,233 2014

232 32 1,232 9,943 2,610 23 14,071 3,343 0 3,510 22,465 416 1 29,734 316,717 2015

2014

3,298 59 192 24,190 6,942 22 34,703 4,265 0 0 36,388 370 10 41,033 560,572 Sep

3,925 72 222 23,934 6,913 24 35,090 4,083 0 0 37,233 365 9 41,690 555,314 Oct

3,483 81 150 22,907 7,097 23 33,741 4,542 0 525 34,962 361 1 40,390 551,917 Nov

452 4 1,789 10,781 2,743 18 15,788 5,801 0 4,336 25,151 214 1 35,502 387,233 Dec

2015

463 1 1,806 10,357 2,753 17 15,398 6,857 0 4,439 24,058 421 1 35,776 362,082 Jan

474 3 1,812 10,298 2,771 18 15,375 5,755 0 4,323 25,781 421 1 36,281 357,037 Feb

498 2 1,755 10,299 2,752 19 15,324 6,916 0 4,320 23,279 427 1 34,942 349,310 Mar

736 2 1,718 10,289 2,701 18 15,463 9,007 0 4,317 20,281 423 1 34,028 338,387 Apr

668 3 1,750 10,319 2,725 19 15,483 4,436 0 4,332 17,113 427 1 26,309 320,600 May

421 3 1,944 9,973 2,700 19 15,060 7,742 0 4,319 17,202 434 1 29,698 326,646 Jun

413 4 1,946 9,827 2,684 19 14,894 3,807 0 4,304 16,420 424 1 24,955 314,887 Jul

418 45 1,950 9,795 2,627 31 14,865 6,154 0 4,242 18,129 421 1 28,946 317,153 Aug

423 43 1,937 9,762 2,663 31 14,857 5,908 0 4,063 21,545 425 1 31,943 319,297 Sep

365 41 1,900 9,397 2,661 20 14,385 3,437 0 4,089 21,710 424 1 29,661 305,976 Oct

367 43 1,885 9,446 2,618 21 14,380 3,012 0 4,106 23,549 435 1 31,102 310,636 Nov

232 32 1,232 9,943 2,610 23 14,071 3,343 0 3,510 22,465 416 1 29,734 316,717 Dec

2016

373 38 1,124 10,445 2,608 21 14,609 3,257 0 3,557 20,881 443 1 28,137 310,252 Jan

379 39 1,138 10,215 2,603 22 14,397 4,348 0 3,564 20,500 445 1 28,858 302,274 Feb

294 3 1,165 10,125 2,569 22 14,178 3,978 0 3,548 14,879 434 1 22,838 299,448 Mar

271 10 979 10,144 2,565 23 13,991 3,401 0 3,539 13,829 425 2 21,196 302,708 Apr

265 10 962 10,222 2,551 24 14,034 7,355 0 3,819 14,016 425 2 25,617 313,615 May

271 10 918 10,095 2,551 23 13,868 3,206 0 3,825 14,921 435 2 22,390 325,290 Jun

268 15 886 9,976 2,566 24 13,736 3,003 0 4,164 14,964 431 2 22,564 333,443 Jul

266 14 866 9,888 2,565 24 13,623 2,966 0 4,161 16,404 433 2 23,966 336,577 Aug

Short-term foreign currency claimsTotal short-term

claims(7+14+21+28)

On interest and fees

Short-term dinar and indexed dinar claims


43

Table 1.1.11

Bank Long-Term Claims on Non-Monetary Sectors(In million dinars, end of period)


Local govern-

ment

Public enterpries

Compa-nies

House-holds


Total(1 to 6)


Local govern-

ment

Public enterpries

Compa-nies

House-holds


Total(8 to 13)

Other financial organi-sations

Local govern-

ment

Public enterpries

Compa-nies

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

1999 103 0 298 2,955 1,138 2 4,496 0 0 0 0 0 0 0

2000 218 2 579 4,618 1,698 1 7,116 0 0 0 0 0 0 0

2001 306 98 927 10,256 2,197 6 13,790 0 0 0 0 0 0 0

2002 379 277 642 15,078 7,998 221 24,595 0 0 0 0 0 0 0

2003 1 1,244 290 24,392 17,295 342 43,564 0 0 0 0 0 0 0

2004 209 1,094 1,236 50,266 49,563 388 102,756 0 0 0 0 0 0 0

2005 31 2,074 7,273 85,287 107,717 1,066 203,448 0 0 0 0 0 0 0

2006 12 4,872 8,459 124,500 163,631 1,274 302,748 0 0 0 0 0 0 0

2007 70 6,891 7,004 185,546 253,294 3,154 455,959 0 0 0 0 0 0 0

2008 6,579 8,732 5,366 258,699 364,867 1,343 645,586 8 0 0 800 0 0 808

2009 5,995 10,859 23,286 316,240 393,516 2,496 752,392 8 0 0 444 0 0 452

2010 16,303 17,231 45,780 383,221 495,300 349 958,184 108 0 180 1,905 0 0 2,194

2011 23,579 23,065 69,106 497,602 527,314 641 1,141,306 90 0 9 4,031 0 0 4,130

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

2013 24,010 21,083 86,774 513,564 570,128 528 1,216,086 59 4,477 174 2,265 0 0 6,975

2014 7,974 22,291 120,326 637,981 653,181 919 1,442,673 91 4,702 437 2,187 2 0 7,420 66 82 600 10,083

2015 12,107 21,652 136,878 691,935 706,545 1,135 1,570,251 0 4,186 0 82 0 0 4,268 224 53 746 10,458

2014

Sep 18,487 21,811 73,353 536,556 604,564 765 1,255,535 13 4,592 2 990 0 0 5,597

Oct 18,797 21,876 71,550 544,857 608,354 743 1,266,178 12 4,586 12 904 0 0 5,515

Nov 19,559 22,174 70,706 551,327 613,689 733 1,278,187 13 4,584 0 913 0 0 5,510

Dec 7,974 22,291 120,326 637,981 653,181 919 1,442,673 91 4,702 437 2,187 2 0 7,420 66 82 600 10,083

2015

Jan 7,917 22,966 133,124 653,855 676,143 946 1,494,950 22 4,261 417 1,865 2 0 6,567 78 91 608 11,175

Feb 7,715 22,086 136,660 632,410 662,016 861 1,461,749 22 4,251 425 2,438 2 0 7,137 79 55 776 10,947

Mar 7,667 21,769 140,969 631,868 667,199 959 1,470,433 22 4,684 0 989 0 0 5,694 81 52 815 10,709

Apr 7,486 21,666 138,792 630,213 670,615 934 1,469,706 22 4,679 0 79 0 0 4,779 80 58 816 10,626

May 7,682 21,458 138,668 628,916 677,435 913 1,475,072 22 4,739 0 79 0 0 4,841 91 63 841 10,798

Jun 7,605 21,741 143,891 638,805 682,692 1,261 1,495,995 0 4,486 0 80 0 0 4,566 60 65 1,047 10,507

Jul 8,315 21,579 140,471 652,296 684,662 1,229 1,508,551 0 4,480 0 79 0 0 4,559 54 61 1,024 10,353

Aug 8,373 21,060 138,219 655,602 686,072 1,188 1,510,513 0 4,473 0 80 0 0 4,553 61 51 1,079 10,561

Sep 8,541 21,175 135,374 663,880 687,211 1,141 1,517,321 0 4,468 0 80 0 0 4,548 65 50 1,302 10,366

Oct 9,885 21,424 135,941 668,458 696,029 1,128 1,532,865 0 4,468 0 81 0 0 4,549 64 67 1,105 10,294

Nov 9,803 21,094 136,922 669,311 701,483 1,089 1,539,700 0 4,462 0 81 0 0 4,543 67 66 1,137 10,298

Dec 12,107 21,652 136,878 691,935 706,545 1,135 1,570,251 0 4,186 0 82 0 0 4,268 224 53 746 10,458

2016

Jan 11,272 21,639 134,767 690,860 710,964 1,259 1,570,760 0 4,190 0 82 0 0 4,272 85 64 763 10,740

Feb 11,299 21,235 132,328 689,568 717,480 1,228 1,573,137 0 4,183 0 83 0 0 4,266 81 55 768 10,538

Mar 10,998 20,960 127,809 690,169 721,003 1,354 1,572,292 0 4,184 0 82 0 0 4,266 83 49 803 10,317

Apr 10,534 21,104 124,632 685,915 723,924 1,463 1,567,571 0 4,178 0 82 0 0 4,260 92 66 781 9,573

May 10,915 21,076 122,565 689,728 731,277 1,390 1,576,951 0 4,172 0 82 0 0 4,255 88 61 791 9,538

Jun 11,118 21,018 119,328 698,278 742,404 1,355 1,593,501 0 3,921 0 83 0 0 4,003 88 56 957 9,530

Jul 11,079 21,020 127,432 693,801 748,688 1,328 1,603,349 0 3,916 0 83 0 0 3,999 95 67 845 9,562

Aug 11,627 20,441 124,285 688,053 754,277 1,310 1,599,994 0 3,900 0 83 0 0 3,983 94 60 848 9,556




NOTES:


Long-term dinar and indexed dinar claims

Credits


Securities


44

House-holds

Non-profit

and other organi-sations

Total(15 to 20)


Local govern-

ment

Public enterpri-

ses

Compa-nies

House-holds


Total(23 to 28)

19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

1,832 23 254 4,604 19,503 0 214 24,598 102 31,028 67,261 12,124 97 1999

3,761 0 1,369 27,305 104,255 0 3,713 136,642 423 147,942 222,932 22,593 165 2000

5,059 0 1,451 32,530 106,945 0 7,807 148,733 384 167,966 263,640 34,550 269 2001

2,951 126 0 5,248 51,927 0 10 57,311 2 84,859 171,873 13,458 119 2002

3,835 142 0 5,952 59,227 0 136 65,457 9 112,865 228,429 52,181 894 2003

4,343 163 0 9,235 61,717 0 92 71,207 10 178,316 334,851 67,166 2,073 2004

3,764 281 5 7,358 60,252 7 119 68,022 11 275,245 509,379 86,576 7,208 2005

4,040 239 0 3,681 37,508 7 119 41,554 10 348,352 594,336 54,779 7,500 2006

3,832 223 0 3,982 33,482 27 40 37,754 10 497,555 827,297 57,885 10,802 2007

1,855 31 406 2,415 29,104 414 226 32,596 22 680,867 1,117,196 74,457 19,813 2008

2,844 11 423 2,487 25,052 547 244 28,764 0 784,452 1,298,737 94,853 27,133 2009

1,564 219 450 2,439 28,228 622 0 31,957 0 993,899 1,647,983 116,033 31,773 2010

1,383 142 1,977 2,268 25,539 596 5 30,527 0 1,177,345 1,780,252 166,015 34,837 2011

1,434 106 3,928 5,313 44,673 649 1 54,670 0 1,347,819 1,950,055 168,899 41,304 2012

1,281 6 8,423 4,708 41,929 678 1 55,744 0 1,280,086 1,863,547 183,240 49,306 2013

4,208 10 15,049 1,884 688 7,492 22,502 34,806 922 3 66,413 0 1,533,438 1,920,671 210,367 57,794 2014

4,383 7 15,872 1,353 762 6,131 13,139 47,497 774 2 68,305 0 1,660,048 1,976,765 234,593 58,923 2015

2014

1,364 5 8,106 4,622 43,588 763 0 57,085 0 1,319,582 1,880,154 196,898 53,433 Sep

1,336 6 7,335 4,661 43,659 741 1 56,402 0 1,329,431 1,884,745 203,733 53,862 Oct

1,336 5 7,444 4,299 45,003 719 2 57,472 0 1,342,504 1,894,421 201,437 54,206 Nov

4,208 10 15,049 1,884 688 7,492 22,502 34,806 922 3 66,413 0 1,533,438 1,920,671 200,849 55,312 Dec

2015

4,646 11 16,608 1,883 702 7,656 21,343 37,895 812 2 68,409 0 1,588,417 1,950,499 205,999 57,686 Jan

4,633 10 16,499 1,882 684 7,475 20,790 37,169 755 6 66,879 0 1,554,145 1,911,183 205,126 57,004 Feb

4,624 9 16,289 1,876 685 7,497 20,841 40,516 740 2 70,281 0 1,564,572 1,913,882 209,043 58,354 Mar

4,699 10 16,289 1,877 683 6,702 20,843 40,421 755 5 69,409 0 1,562,059 1,900,448 210,378 58,473 Apr

4,831 10 16,633 1,878 686 6,732 19,767 39,883 742 4 67,815 0 1,566,239 1,886,838 208,825 58,235 May

4,803 8 16,490 1,876 687 6,716 19,202 40,052 762 5 67,424 0 1,586,351 1,912,997 211,509 58,452 Jun

4,696 8 16,196 1,878 683 6,843 17,239 39,224 824 2 64,816 0 1,596,000 1,910,887 207,394 58,263 Jul

4,739 8 16,500 1,680 752 6,854 17,109 39,338 844 2 64,899 0 1,598,145 1,915,300 208,298 58,460 Aug

4,695 8 16,485 1,590 750 6,882 16,728 39,315 842 2 64,519 0 1,604,462 1,923,759 208,762 58,436 Sep

4,617 8 16,154 1,590 758 6,062 17,286 39,079 811 6 64,001 0 1,619,159 1,925,135 213,027 58,551 Oct

4,669 7 16,245 1,590 760 6,107 15,674 38,847 805 7 62,200 0 1,624,279 1,934,915 215,982 58,741 Nov

4,383 7 15,872 1,353 762 6,131 13,139 47,497 774 2 68,305 0 1,660,048 1,976,765 234,593 58,923 Dec

2016

4,633 5 16,289 1,353 772 6,240 11,482 45,607 792 1 64,894 0 1,657,568 1,967,820 234,968 59,423 Jan

4,626 3 16,071 1,353 774 6,268 11,495 38,496 835 5 57,873 0 1,652,700 1,954,974 230,285 59,668 Feb

4,535 5 15,792 1,328 770 6,248 11,318 43,345 807 1 62,488 0 1,656,166 1,955,614 226,001 59,531 Mar

4,537 6 15,056 1,312 768 5,435 11,272 46,604 778 5 64,861 0 1,653,060 1,955,768 224,080 60,714 Apr

4,533 9 15,019 1,307 771 5,470 9,297 47,494 833 5 63,870 0 1,661,402 1,975,016 225,593 60,734 May

4,559 11 15,200 1,303 773 5,498 9,307 47,669 863 1 64,111 0 1,678,118 2,003,408 228,713 61,889 Jun

4,577 11 15,156 1,529 772 5,493 7,130 47,046 901 2 61,344 0 1,685,377 2,018,820 224,022 62,000 Jul

4,558 13 15,129 1,293 771 5,500 7,091 47,400 952 1 61,715 0 1,682,113 2,018,690 223,092 62,107 Aug


Long-term foreign currency claims

Creditson total

claims on enterprises (tab.1.1.10

and tab. 1.1.11)

on total claims on

households (tab.1.1.10

and tab.1.1.11)

Enterprise shares

Provisioning against losses

Total claims(tab. 1.1.10

col. 29 + tab. 1.1.11

col. 31)

Total long-term

claims (7+14+21+ 22+29+30)

Enterprise shares


45

Table 1.1.12

Bank Claims on Corporate Sector by Contracted Hedge and Currency (In million dinars, end of period)

No risk hedging


Other types of risk

hedging


Limited FX clause

(unilateral)

1 2 3 4 5 6 7 8 9 10 11 12 132008 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

2013 93,254 935,146 215,505 6,540 163 750,792 6,676 0 11,448 27 37,250 1,028,400

2014 141,436 910,480 276,702 7,433 153 727,782 9,851 0 10,430 0 70 19,495 1,051,916

2015 151,702 922,263 217,471 6,717 152 808,042 19,439 0 10,392 0 3 11,750 1,073,965

2014

Sep 79,441 931,716 251,977 7,186 161 701,725 5,145 0 10,513 3 34,447 1,011,157

Oct 78,316 931,897 258,769 7,509 155 702,409 2,224 0 10,473 0 28,675 1,010,213

Nov 76,989 937,088 260,758 7,747 151 705,376 2,050 0 10,586 0 27,409 1,014,077

Dec 141,436 910,480 276,702 7,433 153 727,782 9,851 0 10,430 0 70 19,495 1,051,916

2015

Jan 151,073 907,681 266,176 7,892 152 741,366 11,754 0 12,226 0 69 19,120 1,058,754

Feb 154,207 883,091 265,031 7,841 148 722,325 12,612 0 11,639 0 4 17,700 1,037,298

Mar 159,017 876,206 255,386 7,760 138 730,261 14,241 0 11,629 0 69 15,740 1,035,223

Apr 157,684 863,412 248,165 7,604 141 723,194 14,873 0 11,622 0 74 15,423 1,021,096

May 156,655 854,632 238,182 7,517 144 722,470 16,156 0 11,782 0 74 14,963 1,011,287

Jun 163,687 866,334 233,346 7,284 143 742,380 18,952 0 11,546 0 72 16,299 1,030,021

Jul 160,479 874,491 227,649 7,417 146 753,899 19,467 0 11,072 0 65 15,257 1,034,971

Aug 160,202 874,340 219,741 7,357 144 763,185 18,903 0 10,776 0 65 14,372 1,034,542

Sep 156,971 882,703 212,718 7,245 140 776,422 19,509 0 10,514 0 63 13,063 1,039,674

Oct 156,092 880,294 209,624 7,140 139 776,731 19,512 0 10,613 0 3 12,626 1,036,387

Nov 156,865 886,487 209,485 7,034 136 782,484 21,182 0 10,396 0 2 12,632 1,043,352

Dec 151,702 922,263 217,471 6,717 152 808,042 19,439 0 10,392 0 3 11,750 1,073,965

2016

Jan 148,878 917,632 212,920 6,370 149 804,982 20,549 0 9,725 0 3 11,810 1,066,509

Feb 147,415 908,033 210,251 6,305 150 792,318 20,416 0 8,865 0 3 17,140 1,055,448

Mar 141,962 907,915 210,459 6,249 150 791,187 20,840 0 8,684 0 4 12,305 1,049,877

Apr 138,510 904,055 212,031 6,258 149 783,940 20,531 0 8,577 0 2 11,076 1,042,564

May 135,797 912,139 214,128 6,233 137 787,485 20,500 0 8,522 0 4 10,926 1,047,936

Jun 133,926 931,983 211,143 6,204 145 807,885 21,100 0 8,595 0 4 10,834 1,065,909

Jul 140,895 933,946 219,345 5,590 144 809,923 20,563 0 8,553 0 3 10,721 1,074,841

Aug 138,106 927,983 217,505 5,597 147 804,187 19,804 0 8,435 0 4 10,410 1,066,089

Public enterprises

NOTES:

Compa-nies




Total(1+2) = (3 to 12)

Dinar and indexed dinar claims

Dinar FX-indexed dinar claims



46


14 15 16 17 18 19 20 21 2210,867 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

4,708 76,938 69,243 8,368 1 4,017 17 81,646 2013

26,838 59,956 70,420 12,307 1 4,046 17 3 86,794 2014

16,649 69,961 76,554 5,951 0 4,084 18 2 86,610 2015

2014

4,622 79,976 69,387 11,179 1 4,012 19 84,598 Sep

4,662 80,893 69,145 12,409 1 3,979 19 85,554 Oct

4,824 79,965 70,302 10,423 1 4,042 21 84,789 Nov

26,838 59,956 70,420 12,307 1 4,046 17 3 86,794 Dec

2015

25,781 61,953 69,837 13,127 2 4,748 18 3 87,734 Jan

25,113 62,949 70,206 13,307 2 4,527 18 3 88,062 Feb

25,160 63,794 72,663 12,036 2 4,233 18 3 88,955 Mar

25,159 60,702 72,635 8,979 2 4,224 18 3 85,861 Apr

24,099 56,997 69,036 7,692 0 4,346 19 3 81,095 May

23,521 57,254 69,478 6,987 0 4,289 19 3 80,775 Jun

21,542 55,645 66,058 6,904 0 4,203 19 3 77,187 Jul

21,351 57,467 68,050 6,630 0 4,117 18 2 78,818 Aug

20,791 60,861 71,408 6,173 0 4,051 18 2 81,652 Sep

21,375 60,789 71,822 6,214 0 4,108 19 3 82,164 Oct

19,780 62,396 71,940 6,182 0 4,032 19 3 82,176 Nov

16,649 69,961 76,554 5,951 0 4,084 18 2 86,610 Dec

2016

15,038 66,488 73,316 5,439 0 2,751 18 2 81,526 Jan

15,059 58,996 65,853 5,379 0 2,804 17 3 74,055 Feb

14,865 58,224 65,186 5,105 0 2,778 17 3 73,089 Mar

14,811 60,433 67,778 4,955 0 2,490 17 3 75,244 Apr

13,116 61,510 67,541 4,606 0 2,459 18 3 74,627 May

13,132 62,589 68,471 4,759 0 2,472 16 3 75,721 Jun

11,293 62,011 66,486 4,692 0 2,107 16 3 73,304 Jul

11,252 63,804 68,352 4,601 0 2,084 16 3 75,055 Aug

FX claims

Public enterprises

Total(14+15) = (16 to 21)

Currency structure

Companies


47

Table 1.1.13

Bank Claims on Households by Contracted Hedge and Currency(In million dinars, end of period)

No risk hedging


Other types of risk

hedging


Limited FX clause (unilateral)

1 2 3 4 5 6 7 8 9 10 11

2008 91,492 1,324 2,044 228,777 79 0 99,639 54 4,152 427,563

2009 99,640 969 1,481 256,169 67 0 100,244 0 3,066 461,6362010 155,940 633 1,246 291,370 60 0 118,753 2,420 570,422

2011 193,673 413 1,885 292,972 31 0 110,489 0 1,382 600,845

2012 224,233 356 4,057 309,920 30 0 111,895 0 1,151 651,642

2013 248,406 208 6,750 315,690 1 0 100,788 0 795 672,637

2014 291,290 356 5,132 325,820 2 0 100,441 0 12 426 723,478

2015 321,975 192 3,021 333,405 0 0 98,902 0 13 353 757,861

2014

Sep 284,407 278 5,699 322,648 2 0 100,591 0 531 714,155

Oct 290,026 298 5,503 322,401 2 0 100,070 2 512 718,814

Nov 290,942 336 5,319 325,967 2 0 101,004 4 520 724,092

Dec 291,290 356 5,132 325,820 2 0 100,441 0 12 426 723,478

2015

Jan 291,273 344 4,945 331,474 2 0 117,443 0 12 429 745,922

Feb 290,822 325 4,772 322,581 1 0 111,294 0 11 416 730,222

Mar 294,769 312 4,571 321,922 1 0 111,075 0 11 411 733,072

Apr 297,528 300 4,404 322,447 1 0 110,294 0 10 406 735,389

May 300,513 287 4,218 324,824 1 0 110,432 0 10 338 740,623

Jun 304,768 271 4,047 326,687 1 0 108,322 0 10 371 744,476

Jul 308,772 268 3,879 326,834 1 0 104,946 0 13 366 745,080

Aug 310,969 248 3,716 327,823 0 0 101,918 0 14 363 745,050

Sep 313,912 233 3,553 327,483 0 0 99,275 0 13 359 744,827

Oct 317,673 218 3,364 330,470 0 0 99,762 0 14 359 751,859

Nov 320,165 206 3,193 332,197 0 0 99,003 0 14 355 755,133

Dec 321,975 192 3,021 333,405 0 0 98,902 0 13 353 757,861

2016

Jan 323,132 181 2,862 337,800 0 0 97,097 0 13 354 761,438

Feb 326,933 173 2,700 338,476 0 0 98,265 0 13 410 766,969

Mar 334,230 165 2,552 338,489 0 0 96,766 0 12 411 772,625

Apr 339,949 161 2,411 339,154 0 0 95,188 0 12 395 777,270

May 348,392 154 2,274 341,268 0 0 94,368 0 12 390 786,857

Jun 357,917 149 2,153 344,102 0 0 95,181 0 6 388 799,895

Jul 364,714 141 2,005 345,374 0 0 94,633 0 6 386 807,259

Aug 372,855 140 1,883 346,402 0 0 92,694 0 7 382 814,362



NOTE:

Dinar FX-indexed dinar claims

Total(1 to 10)


48


Total(12 to 17)

12 13 14 15 16 17 18 18a

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

1,001 26 0 2 0 1,028 225 2013

1,104 28 0 5 0 0 1,136 219 2014

1,154 31 0 5 0 0 1,190 255 2015

2014

1,102 29 0 2 0 1,134 220 Sep

1,076 27 0 2 0 1,105 216 Oct

1,048 29 0 2 0 1,079 214 Nov

1,104 28 0 5 0 0 1,136 219 Dec

2015

1,196 31 0 6 0 0 1,233 224 Jan

1,141 30 0 6 0 0 1,177 222 Feb

1,130 31 0 6 0 0 1,167 220 Mar

1,142 31 0 6 1 0 1,178 216 Apr

1,134 31 0 5 0 0 1,170 217 May

1,161 30 0 5 0 0 1,196 226 Jun

1,213 31 0 5 0 0 1,248 241 Jul

1,231 30 0 5 0 0 1,265 233 Aug

1,233 30 0 5 0 0 1,267 245 Sep

1,199 31 0 5 1 0 1,235 252 Oct

1,202 32 0 5 1 0 1,239 257 Nov

1,154 31 0 5 0 0 1,190 255 Dec

2016

1,198 31 0 5 0 1 1,235 254 Jan

1,243 31 0 5 0 1 1,280 256 Feb

1,205 30 0 5 0 1 1,241 243 Mar

1,166 31 0 5 0 1 1,202 239 Apr

1,222 31 0 5 0 1 1,259 239 May

1,261 31 0 5 1 1 1,298 263 Jun

1,296 31 0 5 0 1 1,333 259 Jul

1,349 30 0 5 0 1 1,385 260 Aug

Currency structure

Of which: Entre-

preneurs

FX claims


49

Table 1.1.14

Bank Claims on Corporates 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 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

2013 51,722 321,731 21,545 90,789 260,572 137,552 66,826 5,867 1,001 347 70,448 1,028,400

2014 66,170 322,830 29,046 82,895 262,662 132,696 71,072 5,189 79,357 1,051,916

2015 71,309 304,735 40,576 70,366 272,169 133,659 72,241 5,670 103,240 1,073,9652014

Sep 58,801 319,169 13,346 84,958 262,215 126,968 66,391 6,121 918 488 71,783 1,011,157Oct 59,574 316,294 13,014 84,474 263,531 129,140 66,080 5,961 940 495 70,711 1,010,213Nov 61,178 319,137 13,784 84,666 263,815 129,164 67,718 6,003 1,017 392 67,203 1,014,077Dec 66,170 322,830 29,046 82,895 262,662 132,696 71,072 5,189 79,357 1,051,916

2015Jan 62,033 325,795 31,229 83,032 254,830 139,694 75,239 5,154 81,748 1,058,754Feb 60,487 316,153 30,763 81,663 250,414 138,022 72,703 5,358 81,737 1,037,298Mar 63,063 310,076 32,479 81,950 249,467 139,997 69,695 5,263 83,234 1,035,223Apr 60,729 303,687 31,843 81,952 246,923 137,691 69,016 5,642 83,613 1,021,096May 59,808 301,690 31,317 82,857 240,016 136,521 67,758 5,845 85,475 1,011,287Jun 63,801 305,742 31,551 83,747 246,369 141,000 69,405 5,692 82,714 1,030,021Jul 63,421 304,993 31,965 82,109 255,410 138,160 70,111 5,734 83,069 1,034,971Aug 63,191 303,921 33,811 81,919 250,947 136,618 70,986 5,735 87,415 1,034,542Sep 69,820 304,362 33,366 79,961 252,821 134,997 71,287 5,867 87,193 1,039,674Oct 64,601 301,238 32,944 76,408 252,048 135,337 69,493 5,929 98,388 1,036,387Nov 63,656 302,495 32,426 74,022 258,756 136,482 70,459 5,865 99,192 1,043,352Dec 71,309 304,735 40,576 70,366 272,169 133,659 72,241 5,670 103,240 1,073,965

2016Jan 66,750 306,022 40,472 70,014 265,858 132,647 72,806 5,680 106,261 1,066,510Feb 66,785 302,578 39,609 75,259 254,030 133,031 72,747 5,875 105,533 1,055,448Mar 68,318 297,842 38,425 75,956 253,548 131,248 74,716 5,773 104,052 1,049,877Apr 65,756 300,538 37,640 76,515 251,695 128,029 73,665 5,871 102,855 1,042,564May 64,793 292,258 37,297 77,964 251,669 130,595 74,123 5,880 113,357 1,047,936Jun 69,255 299,490 37,032 79,284 257,428 131,483 74,098 5,738 112,100 1,065,908Jul 67,654 304,137 36,078 80,343 262,019 136,310 72,939 5,513 109,848 1,074,841Aug 65,992 303,178 34,834 79,985 258,679 134,934 72,516 5,408 110,563 1,066,089

Sector ISector J

Sector L

Sector M

Sector NSector PSector QSector RSector S

NOTES:

Table shows data as of August 2010 due to entry into force of a new Decree on the Classification of Activities.

Sector B Mining

Sector C Processing industry

Health and social care

Real estate activity

Professional, scientific, innovation and technical activities

Food and lodging servicesSector A Agriculture, forestry, fishing

Sector D Distribution of electrity, gas, steam and air conditioning

Sector E Water supply; waste water management, waste disposal control and similar activitiesSector F Construction



Art, entertainment and recreational activities

Administrative and supporting service activitiesEducation

LEGEND:

Information and communications


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.

Other service activities


Sector H Transport and warehousingSector G Wholesale and retall trade, repair of motor vehicles and motorcycles


50

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

705 27,131 1,440 3,470 16,969 16,910 3,523 33 0 0 11,465 81,646 1,110,046 2013

741 25,071 3,531 2,141 18,921 17,666 6,200 4 12,519 86,793 1,138,709 2014

857 21,798 2,813 6,923 16,080 11,474 9,084 14 17,568 86,610 1,160,575 20152014

755 28,716 1,408 2,903 16,745 17,238 5,687 31 0 0 11,115 84,598 1,095,755 Sep723 30,001 1,411 2,909 16,181 17,194 5,655 31 0 0 11,449 85,554 1,095,767 Oct683 28,621 1,345 2,702 16,435 18,139 5,723 31 0 0 11,111 84,789 1,098,866 Nov741 25,071 3,531 2,141 18,921 17,666 6,200 4 12,519 86,793 1,138,709 Dec

2015759 25,398 3,792 2,222 19,522 16,359 6,667 5 13,012 87,734 1,146,488 Jan725 25,133 3,723 2,190 21,390 15,775 6,478 5 12,645 88,062 1,125,360 Feb767 24,795 3,805 2,287 20,014 15,481 9,030 4 12,771 88,955 1,124,177 Mar731 24,658 3,719 2,273 17,146 15,471 8,994 5 12,865 85,861 1,106,956 Apr801 25,241 3,866 2,265 13,341 14,263 9,017 21 12,282 81,095 1,092,382 May807 23,800 3,256 2,236 15,398 14,223 8,952 20 12,084 80,775 1,110,796 Jun809 23,036 3,306 2,179 15,061 12,091 8,765 21 11,919 77,187 1,112,158 Jul785 24,925 3,225 2,122 15,011 12,068 8,830 15 11,839 78,818 1,113,360 Aug616 24,673 3,196 2,023 18,592 11,991 8,756 14 11,792 81,652 1,121,326 Sep652 25,075 3,281 2,032 16,344 12,062 8,840 15 13,864 82,164 1,118,551 Oct873 25,332 2,866 2,036 16,697 11,020 9,241 14 14,097 82,176 1,125,527 Nov857 21,798 2,813 6,923 16,080 11,474 9,084 14 17,568 86,610 1,160,575 Dec

2016793 21,062 2,873 6,970 16,203 10,328 9,193 360 13,743 81,526 1,148,036 Jan636 19,116 2,882 1,373 17,411 9,608 8,865 362 13,803 74,055 1,129,503 Feb535 19,125 2,782 1,328 17,810 9,628 8,668 13 13,202 73,089 1,122,966 Mar524 20,129 2,740 1,298 19,928 9,519 8,604 14 12,488 75,244 1,117,808 Apr520 20,509 2,280 1,319 20,369 8,284 8,660 14 12,674 74,627 1,122,563 May608 20,377 2,295 1,325 21,637 8,276 8,500 5 12,699 75,721 1,141,630 Jun597 21,392 2,297 1,308 21,498 6,288 8,481 5 11,438 73,304 1,148,145 Jul820 21,439 2,287 1,314 22,934 6,325 8,486 5 11,444 75,055 1,141,144 Aug

Total (12 + 24)

Foreign exchange claims


51

Table 1.1.15

Bank Claims on Corporate Sector by Purpose(In million dinars, end of period)

Transaction accounts

Liquidity and current assets

Exports Investment Other Total(1 t 5)

Placements and deposits

Securities Interest and fees

Shares

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

2013 20,986 418,897 6,591 313,519 195,916 955,909 35,844 11,583 23,783 1,281 1,028,400

2014 14,922 471,627 4,116 315,167 178,909 984,741 36,290 5,748 23,254 1,882 1,051,915

2015 15,546 453,283 4,206 339,095 192,304 1,004,434 40,156 5,644 22,378 1,353 1,073,965

2014

Sep 16,751 429,215 4,982 303,295 192,328 946,572 30,194 8,646 24,381 1,364 1,011,157

ct 16,517 433,929 4,862 303,123 188,664 947,094 29,183 8,443 24,156 1,336 1,010,213

Nov 15,789 440,949 4,807 304,688 185,620 951,852 29,209 8,623 23,057 1,336 1,014,077

Dec 14,922 471,627 4,116 315,167 178,909 984,741 36,290 5,748 23,254 1,882 1,051,915

2015

Jan 17,059 469,303 4,700 323,526 183,851 998,438 29,553 4,934 23,946 1,883 1,058,756

Feb 17,471 458,382 4,217 315,453 181,420 976,943 29,163 5,477 23,833 1,881 1,037,297

Mar 18,091 445,822 4,538 319,427 186,576 974,454 30,496 4,820 23,576 1,875 1,035,222

Apr 17,694 431,018 4,517 319,431 189,086 961,746 30,713 3,311 23,449 1,876 1,021,094

May 18,357 422,087 4,545 317,674 188,930 951,594 30,900 3,208 23,707 1,878 1,011,287

Jun 17,799 434,146 4,461 325,036 186,416 967,858 33,034 3,782 23,471 1,876 1,030,021

Jul 19,315 436,064 4,431 331,992 183,200 975,002 30,380 4,561 23,150 1,878 1,034,971

Aug 19,029 432,205 4,426 334,192 182,516 972,369 30,751 6,358 23,385 1,680 1,034,542

Sep 17,885 435,422 4,450 334,032 184,930 976,719 31,976 6,024 23,366 1,590 1,039,674

ct 16,898 436,310 4,301 337,191 179,567 974,266 31,966 5,870 22,696 1,590 1,036,387

Nov 17,105 438,780 4,047 339,666 179,828 979,426 33,777 5,792 22,766 1,590 1,043,352

Dec 15,546 453,283 4,206 339,095 192,304 1,004,434 40,156 5,644 22,378 1,353 1,073,965

2016

Jan 18,211 447,644 4,356 338,998 192,962 1,002,171 33,993 5,920 23,073 1,353 1,066,509

Feb 18,355 436,448 4,343 342,968 190,326 992,440 33,448 5,548 22,660 1,353 1,055,448

Mar 18,644 442,378 4,380 346,679 175,260 987,341 33,575 5,223 22,410 1,328 1,049,877

Apr 17,713 441,726 4,338 346,594 171,869 982,240 32,805 4,731 21,477 1,312 1,042,565

May 17,870 452,948 4,469 359,694 153,289 988,269 32,514 4,333 21,514 1,307 1,047,936

Jun 17,305 464,125 4,571 364,113 155,259 1,005,373 33,140 4,593 21,499 1,303 1,065,908

Jul 17,403 477,387 4,548 365,660 150,774 1,015,773 31,772 4,500 21,269 1,529 1,074,841

Aug 16,775 476,387 4,528 362,659 147,821 1,008,169 30,955 4,515 21,158 1,293 1,066,089




NOTES:


Loans Other claims

Total(6 t 10)



52

Imports Other Total(12 + 13)



Shares

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

23,866 37,695 61,561 18,927 0 1,158 0 81,646 1,110,046 2013

32,256 34,720 66,976 18,163 0 1,655 0 86,794 1,138,708 2014

26,528 41,398 67,926 17,063 0 1,622 0 86,610 1,160,575 2015

2014

28,476 36,250 64,726 18,701 0 1,171 0 84,598 1,095,755 Sep

28,321 36,192 64,513 19,900 0 1,142 0 85,554 1,095,767 ct

30,487 35,558 66,044 17,514 0 1,230 0 84,789 1,098,866 Nov

32,256 34,720 66,976 18,163 0 1,655 0 86,794 1,138,708 Dec

2015

32,217 35,052 67,269 18,774 0 1,692 0 87,735 1,146,488 Jan

33,625 34,369 67,994 18,403 0 1,666 0 88,062 1,125,359 Feb

31,805 36,488 68,293 18,964 0 1,698 0 88,955 1,124,177 Mar

29,055 36,258 65,312 18,869 0 1,679 0 85,861 1,106,955 Apr

25,432 34,937 60,368 18,977 0 1,750 0 81,095 1,092,382 May

25,838 34,264 60,102 18,996 0 1,677 0 80,775 1,110,796 Jun

24,292 32,486 56,777 18,773 0 1,637 0 77,187 1,112,158 Jul

26,146 32,300 58,446 18,737 0 1,636 0 78,818 1,113,360 Aug

26,574 35,085 61,659 18,385 0 1,608 0 81,652 1,121,326 Sep

26,550 35,401 61,951 18,588 0 1,625 0 82,164 1,118,551 ct

26,192 35,726 61,919 18,618 0 1,639 0 82,175 1,125,527 Nov

26,528 41,398 67,926 17,063 0 1,622 0 86,610 1,160,575 Dec

2016

24,571 40,572 65,142 15,352 0 1,033 0 81,526 1,148,036 Jan

22,332 35,295 57,627 15,394 0 1,034 0 74,055 1,129,503 Feb

22,469 34,509 56,978 15,114 0 997 0 73,089 1,122,966 Mar

23,752 35,694 59,446 14,816 0 982 0 75,244 1,117,808 Apr

23,834 34,761 58,595 15,043 0 989 0 74,627 1,122,563 May

23,624 35,991 59,615 15,121 0 985 0 75,721 1,141,630 Jun

23,190 34,055 57,246 15,134 0 924 0 73,304 1,148,145 Jul

24,039 35,034 59,073 15,074 0 908 0 75,055 1,141,144 Aug

FX claims

Total(11 + 19)

Other claims

Total(14 to 18)

Loans


53

Table 1.1.16

Bank Claims on Households by Purpose(In million dinars, end of period)

Transaction accounts

Cash¹ Housing Consumer Liquidity and

current assets

Investment Exports Other¹ Total(1 to 8 )



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

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

2013 26,680 315,064 25,318 23,367 35,640 1 226,581 652,652 13,541 63 6,381 672,637

2014 26,038 197,585 336,943 19,988 31,247 37,512 0 64,411 713,725 2,790 13 6,951 723,478

2015 25,408 223,320 346,487 19,833 26,314 42,249 0 64,673 748,283 2,574 10 6,993 757,861

2014

Sep 28,121 330,215 22,656 29,623 37,272 0 246,062 693,949 13,231 33 6,942 714,155

ct 28,395 331,225 22,546 30,536 37,363 0 248,644 698,710 13,160 31 6,913 718,814

Nov 27,579 335,855 22,437 30,866 37,902 0 249,280 703,919 13,046 31 7,097 724,093

Dec 26,038 197,585 336,943 19,988 31,247 37,512 0 64,411 713,725 2,790 13 6,951 723,478

2015

Jan 27,492 196,905 358,485 19,920 30,470 37,971 0 64,488 735,732 2,777 13 7,399 745,922

Feb 26,913 197,132 346,678 19,283 29,485 37,018 0 63,581 720,090 2,716 13 7,404 730,222

Mar 28,016 199,224 346,358 19,267 29,508 37,160 0 63,450 722,982 2,700 13 7,376 733,072

Apr 27,772 201,557 345,989 19,553 29,212 37,591 0 63,483 725,157 2,819 14 7,400 735,389

May 27,976 204,272 347,761 19,684 28,931 38,111 0 63,532 730,266 2,789 13 7,555 740,623

Jun 28,108 207,296 347,406 19,828 28,769 38,938 0 63,792 734,137 2,824 12 7,504 744,477

Jul 28,023 210,822 344,915 19,852 28,363 39,213 0 63,692 734,879 2,810 10 7,380 745,080

Aug 28,072 212,511 343,322 19,867 27,848 39,434 0 63,837 734,892 2,781 10 7,366 745,050

Sep 27,934 214,913 341,101 19,866 27,326 39,785 0 63,777 734,702 2,758 10 7,357 744,827

ct 28,159 217,883 344,127 20,017 27,085 40,733 0 63,866 741,870 2,701 10 7,277 751,858

Nov 27,632 220,391 344,974 19,978 26,668 41,586 0 63,937 745,167 2,668 10 7,288 755,133

Dec 25,408 223,320 346,487 19,833 26,314 42,249 0 64,673 748,283 2,574 10 6,993 757,861

2016

Jan 26,598 223,171 348,656 19,634 26,124 42,763 0 66,083 753,029 1,159 10 7,240 761,438

Feb 26,608 225,516 350,696 19,534 26,648 43,234 0 66,356 758,591 1,139 10 7,229 766,970

Mar 26,945 230,177 348,871 19,765 27,695 44,343 0 66,604 764,399 1,113 10 7,104 772,625

Apr 25,717 234,973 348,083 20,089 28,627 44,862 0 66,665 769,015 1,143 10 7,102 777,270

May 27,208 240,144 349,220 20,278 29,412 45,704 0 66,562 778,528 1,236 10 7,083 786,857

Jun 26,854 247,805 352,818 20,415 30,058 46,699 0 66,974 791,623 1,152 10 7,110 799,895

Jul 26,189 254,266 354,013 20,299 30,444 47,029 0 66,755 798,993 1,114 10 7,143 807,260

Aug 26,966 260,387 353,901 20,106 30,412 47,306 0 67,032 806,110 1,118 10 7,123 814,362

1) Since December 2014, the “Cash loans” category has been shown separately and is excluded from the “Other loans” category in the household sector.



NOTES:

Revolving loans, cash loans and payment cards are shown under other credit and other placements.

Credits Other claims

Total(9 to 12)


54

Imports Cash¹Purchase of real

estate in the country

Of which: housing

Other¹Total

(14+15+16+17)



14 15 16 16a 17 18 19 20 21 22 23

69 35 0 374 478 120 0 18 616 428,179 2008

83 36 0 491 611 78 0 21 710 462,345 2009

39 37 0 579 654 108 0 21 783 571,204 2010

32 34 0 609 675 201 0 21 898 601,743 2011

59 33 9 699 791 229 0 24 1,044 652,685 2012

17 29 9 727 773 230 0 25 1,028 673,666 2013

15 0 26 9 740 781 333 0 22 1,136 724,614 2014

20 0 22 9 774 816 353 0 21 1,190 759,050 2015

2014

14 27 9 824 866 243 0 25 1,134 715,289 Sep

13 27 9 803 843 238 0 25 1,105 719,919 ct

13 27 9 776 816 239 0 24 1,079 725,172 Nov

15 0 26 9 740 781 333 0 22 1,136 724,614 Dec

2015

14 0 27 9 801 842 369 0 23 1,233 747,155 Jan

12 0 26 9 747 785 369 0 22 1,176 731,399 Feb

13 0 25 9 737 775 369 0 22 1,167 734,238 Mar

13 0 25 9 755 793 364 0 22 1,178 736,567 Apr

15 0 25 9 742 781 366 0 22 1,169 741,793 May

27 0 24 9 754 805 369 0 22 1,196 745,672 Jun

21 0 24 9 820 864 363 0 21 1,248 746,328 Jul

14 0 23 9 849 886 358 0 22 1,265 746,315 Aug

12 0 23 9 850 886 360 0 22 1,267 746,095 Sep

21 0 23 9 810 854 359 0 22 1,235 753,093 ct

23 0 22 9 806 851 368 0 21 1,240 756,372 Nov

20 0 22 9 774 816 353 0 21 1,190 759,050 Dec

2016

19 0 22 9 804 846 368 0 21 1,235 762,673 Jan

19 0 22 9 848 889 371 0 20 1,280 768,250 Feb

15 0 43 9 796 854 367 0 20 1,241 773,866 Mar

15 0 43 9 763 820 364 0 19 1,203 778,473 Apr

15 0 42 9 818 876 364 0 19 1,259 788,116 May

40 0 42 9 828 909 370 0 19 1,298 801,193 Jun

39 0 41 9 867 947 367 0 19 1,333 808,593 Jul

39 0 32 0 930 1,001 366 0 18 1,385 815,746 Aug

CreditsTotal

(13 + 22)Total(18 to 21)

FX claims

Other claims


55


56

Table 1.1.17

Money Supply M1 by Sector(In million dinars, end of period)

Other financial organizations

Local government Public enterprises Companies Households Non-profit and other organizations

Total(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

2013 17,508 22,166 15,214 126,304 199,500 7,573 388,265 2013

2014 13,540 29,182 40,337 118,502 220,057 9,250 430,868 2014

2015 11,577 34,322 54,877 147,871 245,714 10,113 504,474 2015

2014 2014

Sep 7,745 31,812 15,680 148,755 203,113 8,939 416,044 Sep

Oct 8,220 31,341 17,036 140,187 201,513 9,041 407,339 Oct

Nov 9,620 35,676 17,775 131,969 205,830 9,386 410,256 Nov

Dec 13,540 29,182 40,337 118,502 220,057 9,250 430,868 Dec

2015 2015

Jan 8,287 32,992 38,825 119,460 200,885 9,063 409,512 Jan

Feb 7,576 37,206 44,875 101,095 198,898 9,316 398,966 Feb

Mar 9,872 31,325 45,018 107,201 193,793 9,210 396,419 Mar

Apr 10,861 28,398 45,920 104,997 201,144 9,715 401,035 Apr

May 9,749 26,649 40,172 111,952 203,826 10,479 402,827 May

Jun 8,583 31,951 47,267 122,656 204,178 10,374 425,009 Jun

Jul 9,315 33,071 48,082 125,869 217,101 10,803 444,241 Jul

Aug 9,508 34,722 50,071 136,626 214,571 11,022 456,520 Aug

Sep 8,885 36,445 50,136 129,330 217,974 10,976 453,746 Sep

Oct 8,219 33,782 51,386 136,576 218,889 10,524 459,376 Oct

Nov 10,835 36,928 51,622 144,730 217,774 10,798 472,687 Nov

Dec 11,577 34,322 54,877 147,871 245,714 10,113 504,474 Dec

2016 2016

Jan 10,076 34,768 54,393 132,457 235,992 10,372 478,058 Jan

Feb 10,726 37,792 49,734 138,534 236,062 10,941 483,789 Feb

Mar 12,342 32,950 56,917 141,089 235,555 10,888 489,741 Mar

Apr 11,575 31,250 54,020 137,977 250,252 11,055 496,128 Apr

May 11,816 35,709 55,951 148,532 239,426 11,131 502,566 May

Jun 14,599 36,910 54,440 153,301 250,154 11,138 520,542 Jun

Jul 11,108 36,207 61,224 151,803 265,408 10,808 536,558 Jul

Aug 11,800 39,985 59,121 164,493 256,541 11,212 543,151 Aug



Money supply M1


NOTES:


57


Local government Public enterprises

Companies 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

2013 36,249 32,919 27,923 205,612 233,172 11,693 547,566 2013

2014 27,597 39,917 58,206 216,711 258,114 13,343 613,888 2014

2015 31,017 40,085 77,702 248,540 291,078 14,054 702,476 2015

2014 2014

Sep 31,588 41,311 31,338 225,967 242,962 13,956 587,121 Sep

Oct 33,111 41,849 33,115 229,607 241,166 13,857 592,705 Oct

Nov 34,139 45,806 32,466 219,680 245,111 14,643 591,845 Nov

Dec 27,597 39,917 58,206 216,711 258,114 13,343 613,888 Dec

2015 2015

Jan 27,401 41,431 57,445 198,523 238,281 12,876 575,957 Jan

Feb 24,092 44,615 63,287 186,825 235,544 13,193 567,556 Feb

Mar 25,676 41,619 67,296 189,319 230,335 13,152 567,397 Mar

Apr 28,930 40,582 67,570 180,334 239,245 13,739 570,400 Apr

May 28,930 39,997 59,943 186,577 242,918 14,531 572,896 May

Jun 24,441 44,201 66,313 201,871 244,179 13,882 594,887 Jun

Jul 23,816 45,630 72,469 204,075 258,021 14,345 618,356 Jul

Aug 23,567 47,356 71,963 207,415 256,144 14,713 621,158 Aug

Sep 28,255 47,384 71,305 210,483 260,016 14,744 632,187 Sep

Oct 26,983 44,484 72,989 217,546 260,922 14,486 637,410 Oct

Nov 30,461 46,251 73,436 220,909 261,977 14,683 647,717 Nov

Dec 31,017 40,085 77,702 248,540 291,078 14,054 702,476 Dec

2016 2016

Jan 30,858 40,986 76,104 200,414 282,352 14,298 645,012 Jan

Feb 31,218 44,371 72,006 201,379 282,919 14,833 646,726 Feb

Mar 27,843 39,355 78,166 202,946 282,317 14,785 645,412 Mar

Apr 28,275 37,329 75,800 204,098 297,304 14,852 657,657 Apr

May 29,310 41,755 76,364 223,205 286,695 14,878 672,205 May

Jun 33,613 43,205 75,240 220,561 297,813 14,574 685,006 Jun

Jul 30,836 42,779 82,883 213,618 313,723 14,319 698,157 Jul

Aug 31,604 46,706 80,817 230,524 304,649 14,757 709,055 Aug




Money supply M2

NOTES:

Table 1.1.18



Local government Public enterprises Companies Households Non-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

2013 73,636 33,431 54,519 372,411 1,167,012 15,874 1,716,882 2013

2014 46,999 42,849 93,562 389,822 1,256,416 18,543 1,848,191 2014

2015 42,985 44,940 120,312 436,964 1,305,349 18,958 1,969,508 2015

2014 2014

Sep 59,665 41,944 56,719 420,007 1,219,827 20,284 1,818,444 Sep

Oct 56,979 42,379 58,404 419,085 1,222,413 19,724 1,818,983 Oct

Nov 57,823 46,311 57,906 411,841 1,235,093 20,574 1,829,548 Nov

Dec 46,999 42,849 93,562 389,822 1,256,416 18,543 1,848,191 Dec

2015 2015

Jan 47,819 44,340 90,279 374,933 1,267,379 18,055 1,842,805 Jan

Feb 44,618 47,556 93,352 364,109 1,238,307 18,287 1,806,229 Feb

Mar 46,638 44,548 104,274 368,037 1,235,284 17,805 1,816,586 Mar

Apr 49,153 43,661 116,427 354,835 1,242,354 18,875 1,825,305 Apr

May 46,369 42,956 108,627 365,134 1,249,075 19,071 1,831,232 May

Jun 49,295 47,831 107,300 378,484 1,254,358 18,342 1,855,610 Jun

Jul 38,322 48,643 109,188 377,240 1,259,440 18,809 1,851,642 Jul

Aug 40,363 50,384 108,400 381,233 1,256,515 19,348 1,856,243 Aug

Sep 43,844 50,366 113,415 389,553 1,255,139 19,508 1,871,825 Sep

Oct 40,748 47,405 114,001 402,002 1,266,357 19,446 1,889,959 Oct

Nov 45,338 51,376 115,474 404,155 1,270,060 19,535 1,905,938 Nov

Dec 42,985 44,940 120,312 436,964 1,305,349 18,958 1,969,508 Dec

2016 2016

Jan 44,146 46,067 117,479 384,672 1,309,649 19,628 1,921,641 Jan

Feb 45,240 49,269 115,006 394,070 1,313,805 20,093 1,937,483 Feb

Mar 42,459 44,302 125,805 405,141 1,309,757 20,239 1,947,703 Mar

Apr 43,423 42,269 122,664 407,359 1,325,330 20,395 1,961,440 Apr

May 48,118 46,361 124,650 435,775 1,328,900 20,475 2,004,279 May

Jun 46,216 47,413 133,645 429,886 1,345,936 20,080 2,023,175 Jun

Jul 42,621 47,001 139,754 420,869 1,364,533 19,819 2,034,597 Jul

Aug 44,733 50,988 135,812 446,883 1,356,089 20,641 2,055,146 Aug

NOTES:




Money supply M3


58

Table 1.1.19


Short-term Long-termTotal

(1 + 2) Short-term Long-termTotal

(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

2013 30,867 2,804 33,672 740,639 193,201 933,840 967,512 2013

2014 34,424 3,634 38,058 777,830 220,471 998,302 1,036,359 2014

2015 34,521 10,843 45,364 700,668 313,603 1,014,271 1,059,635 2015

2014 2014

Sep 36,086 3,763 39,849 780,520 196,344 976,865 1,016,713 Sep

Oct 35,829 3,824 39,653 783,273 197,974 981,247 1,020,900 Oct

Nov 35,770 3,511 39,281 773,463 216,518 989,981 1,029,262 Nov

Dec 34,424 3,634 38,058 777,830 220,471 998,302 1,036,359 Dec

2015 2015

Jan 33,669 3,728 37,397 802,776 226,322 1,029,098 1,066,495 Jan

Feb 32,941 3,705 36,646 782,782 219,981 1,002,763 1,039,409 Feb

Mar 32,610 3,932 36,542 778,368 226,581 1,004,949 1,041,491 Mar

Apr 33,139 4,962 38,101 771,992 231,117 1,003,109 1,041,210 Apr

May 33,386 5,706 39,092 769,747 236,410 1,006,157 1,045,249 May

Jun 33,759 6,242 40,001 768,467 241,712 1,010,179 1,050,180 Jun

Jul 34,157 6,763 40,920 754,361 247,058 1,001,419 1,042,339 Jul

Aug 34,380 7,193 41,573 749,050 251,321 1,000,371 1,041,944 Aug

Sep 34,473 7,570 42,042 741,219 253,904 995,124 1,037,166 Sep

Oct 34,091 7,943 42,033 743,965 261,470 1,005,435 1,047,468 Oct

Nov 34,359 9,844 44,203 706,333 301,751 1,008,084 1,052,286 Nov

Dec 34,521 10,843 45,364 700,668 313,603 1,014,271 1,059,635 Dec

2016 2016

Jan 35,214 11,146 46,360 710,459 316,838 1,027,297 1,073,657 Jan

Feb 35,248 11,608 46,857 710,155 320,731 1,030,886 1,077,742 Feb

Mar 35,325 11,438 46,762 716,491 310,949 1,027,439 1,074,202 Mar

Apr 36,389 10,663 47,053 729,172 298,855 1,028,026 1,075,079 Apr

May 36,620 10,649 47,269 748,180 294,025 1,042,205 1,089,473 May

Jun 37,234 10,425 47,659 760,632 287,491 1,048,123 1,095,781 Jun

Jul 38,050 10,265 48,315 773,869 276,941 1,050,810 1,099,125 Jul

Aug 38,110 9,998 48,108 782,834 268,606 1,051,441 1,099,548 Aug

NOTE:

Short-term dinars savings are shown without the stocks expressed in transaction accounts of bank clients in dinars, while short-term foreign currencysavings within demand deposits also include the stocks expressed in transaction accounts of bank clients in a foreign currency.

Total savings(3 + 6)

Dinar and indexed dinar savings Foreign currency savings

Table 1.1.20

Household Savings(In million dinars, end of period)


59

Table 1.1.21

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 112008 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

2013 6,254 1,462 5,192 4,008 13,952 30,867 1,750 1,015 39 2,804 33,672

2014 7,564 1,410 4,905 4,770 15,776 34,424 1,599 1,968 67 3,634 38,058

2015 10,352 776 4,093 5,894 13,406 34,521 7,380 3,223 240 10,843 45,364

2014

Sep 7,192 2,795 3,051 5,596 17,451 36,086 2,146 1,580 38 3,763 39,849

Oct 7,355 1,183 4,441 5,378 17,472 35,829 2,131 1,637 55 3,824 39,653

Nov 7,915 2,537 2,919 5,538 16,861 35,770 1,619 1,855 37 3,511 39,281

Dec 7,564 1,410 4,905 4,770 15,776 34,424 1,599 1,968 67 3,634 38,058

2015

Jan 6,953 1,518 5,404 4,373 15,421 33,669 1,641 2,019 68 3,728 37,397

Feb 6,782 2,594 4,745 3,455 15,365 32,941 1,622 2,017 67 3,705 36,646

Mar 6,862 1,156 5,390 4,245 14,957 32,610 1,809 2,074 49 3,932 36,542

Apr 7,291 2,430 3,622 5,046 14,751 33,139 2,783 2,129 50 4,962 38,101

May 7,701 1,053 4,458 5,806 14,368 33,386 3,281 2,373 52 5,706 39,092

Jun 8,060 2,538 3,099 5,829 14,232 33,759 3,759 2,434 49 6,242 40,001

Jul 8,489 1,123 4,652 5,628 14,265 34,157 3,817 2,888 58 6,763 40,920

Aug 8,767 1,196 4,359 5,830 14,228 34,380 4,104 3,035 54 7,193 41,573

Sep 8,833 2,301 3,197 5,819 14,323 34,473 4,426 3,086 57 7,570 42,042

Oct 8,713 1,075 4,141 5,861 14,301 34,091 4,773 3,107 63 7,943 42,033

Nov 10,025 2,045 2,963 5,910 13,417 34,359 6,411 3,254 178 9,844 44,203

Dec 10,352 776 4,093 5,894 13,406 34,521 7,380 3,223 240 10,843 45,364

2016

Jan 10,872 843 4,048 5,932 13,520 35,214 7,592 3,291 263 11,146 46,360

Feb 11,216 1,937 3,584 5,136 13,374 35,248 8,024 3,314 271 11,608 46,857

Mar 11,057 800 4,766 5,124 13,578 35,325 7,824 3,312 301 11,438 46,762

Apr 11,629 1,905 3,643 5,022 14,191 36,389 7,040 3,291 333 10,663 47,053

May 12,173 703 4,105 5,646 13,994 36,620 6,975 3,306 368 10,649 47,269

Jun 12,606 1,852 2,767 5,649 14,360 37,234 6,705 3,302 417 10,425 47,659

Jul 13,304 506 4,017 5,650 14,571 38,050 6,486 3,265 514 10,265 48,315

Aug 12,965 648 3,838 5,610 15,049 38,110 6,205 3,227 567 9,998 48,108

NOTE:

The table shows short-term dinar savings without the stocks expressed in transaction accounts of bank clients in dinars, while short-term foreign currency savings within demand deposits also include the stocks expressed in transaction accounts of bank clients in a foreign currency.

Short-term

Dinar and indexed dinar savings

Total (6 + 10)

Long-term


60

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 23107,917 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

236,919 2,983 24,286 47,877 428,573 740,639 70,470 115,604 7,128 193,201 933,840 967,512 2013

323,437 3,222 24,679 52,204 374,289 777,830 73,813 138,353 8,305 220,471 998,302 1,036,359 2014

421,405 1,915 15,466 39,406 222,475 700,668 160,424 141,210 11,969 313,603 1,014,271 1,059,635 2015

2014

291,209 6,910 12,847 44,963 424,591 780,520 67,261 121,715 7,369 196,344 976,865 1,016,713 Sep

308,539 2,943 15,281 42,378 414,133 783,273 67,293 123,264 7,417 197,974 981,247 1,020,900 Oct

318,832 5,853 11,913 47,935 388,931 773,463 69,822 138,603 8,093 216,518 989,981 1,029,262 Nov

323,437 3,222 24,679 52,204 374,289 777,830 73,813 138,353 8,305 220,471 998,302 1,036,359 Dec

2015

337,301 3,368 28,477 50,696 382,934 802,776 74,519 143,160 8,643 226,322 1,029,098 1,066,495 Jan

334,516 5,686 28,370 43,129 371,080 782,782 70,694 140,724 8,563 219,981 1,002,763 1,039,409 Feb

341,580 2,937 26,640 44,764 362,447 778,368 76,293 141,628 8,660 226,581 1,004,949 1,041,491 Mar

346,151 4,643 20,102 46,584 354,512 771,992 80,242 142,087 8,788 231,117 1,003,109 1,041,210 Apr

357,838 2,378 17,949 46,483 345,099 769,747 84,481 142,839 9,090 236,410 1,006,157 1,045,249 May

367,369 3,846 16,155 46,250 334,846 768,467 89,513 142,719 9,480 241,712 1,010,179 1,050,180 Jun

369,554 2,063 17,590 45,183 319,972 754,361 94,493 142,742 9,823 247,058 1,001,419 1,042,339 Jul

375,232 2,314 17,000 45,213 309,290 749,050 98,617 142,823 9,881 251,321 1,000,371 1,041,944 Aug

377,570 3,801 15,258 43,474 301,116 741,219 102,013 142,080 9,812 253,904 995,124 1,037,166 Sep

393,671 1,881 16,659 42,140 289,614 743,965 108,070 143,454 9,946 261,470 1,005,435 1,047,468 Oct

409,212 3,007 14,421 40,361 239,331 706,333 145,664 144,820 11,267 301,751 1,008,084 1,052,286 Nov

421,405 1,915 15,466 39,406 222,475 700,668 160,424 141,210 11,969 313,603 1,014,271 1,059,635 Dec

2016

434,986 1,742 15,715 39,324 218,692 710,459 165,859 138,695 12,284 316,838 1,027,297 1,073,657 Jan

443,378 3,254 16,538 35,419 211,566 710,155 167,505 140,601 12,625 320,731 1,030,886 1,077,742 Feb

447,842 1,816 17,471 34,767 214,595 716,491 159,461 138,576 12,912 310,949 1,027,439 1,074,202 Mar

459,613 2,863 15,575 34,066 217,055 729,172 153,439 132,331 13,084 298,855 1,028,026 1,075,079 Apr

477,533 1,715 14,044 35,726 219,163 748,180 147,939 132,685 13,401 294,025 1,042,205 1,089,473 May

488,020 3,112 12,185 35,234 222,081 760,632 141,426 132,226 13,839 287,491 1,048,123 1,095,781 Jun

500,017 1,284 13,343 34,540 224,684 773,869 132,407 130,584 13,950 276,941 1,050,810 1,099,125 Jul

508,104 1,596 12,846 33,127 227,162 782,834 124,517 129,932 14,157 268,606 1,051,441 1,099,548 Aug

Foreign currency savings

Total (17 + 21)

Short-termTotal

savings(11 + 22)

Long-term


61


62


63

2 Statistics of other financial intermediaries

Table 1.2.1

Balance Sheet of Financial Leasing Companies, by Sector1)

(In million dinars, end of period)

I II III IV I II III IV I II III IV I II0.09 0.08 0.08 0.02 0.11 0.11 0.14 0.02 0.12 0.05 0.10 0.03 0.10 0.19

2,998.82 3,890.77 5,250.84 4,204.10 3,747.38 1,670.80 1,644.62 1,951.01 1,710.52 1,461.72 2,327.59 3,706.27 2,922.08 2,938.25in dinars 1,140.54 704.44 593.02 1,609.81 1,444.61 815.08 739.00 904.53 1,028.85 1,014.34 1,871.32 2,915.09 2,044.50 1,876.00in foreign currency 2) 1,858.28 3,186.33 4,657.81 2,594.29 2,302.77 855.72 905.62 1,046.48 681.67 447.38 456.27 791.18 877.58 1,062.25

5,165.01 3,220.41 3,184.96 5,140.39 4,133.45 3,670.54 2,539.93 4,032.29 2,526.26 2,644.71 1,874.31 1,125.14 793.76 987.68in dinars 1,865.68 1,677.20 1,547.97 812.82 711.70 746.69 728.91 749.62 727.03 662.36 581.85 361.24 86.01 350.97in foreign currency 3,299.33 1,543.21 1,636.99 4,327.57 3,421.75 2,923.85 1,811.02 3,282.67 1,799.23 1,982.35 1,292.46 763.90 707.75 636.71

225.05 298.66 558.81 571.76 586.98 598.92 795.81 820.83 845.09 859.46 986.56 995.24 997.78298.66

in dinars 298.66in foreign currency

225.05 558.81 571.76 586.98 598.92 795.81 820.83 845.09 859.46 986.56 995.24 997.78in dinars 225.05 558.81 571.76 586.98 598.92 795.81 820.83 845.09 859.46 986.56 995.24 997.78in foreign currency

63,121.43 64,439.05 63,040.52 62,107.90 59,861.86 62,901.26 64,241.70 64,278.33 62,245.19 61,749.73 60,761.85 62,382.84 62,648.24 63,397.50

4,271.47 4,583.90 4,062.74 4,302.21 4,061.17 4,244.80 4,295.39 4,151.41 4,082.76 1,416.26 1,439.10 1,119.76 1,077.78 1,107.67in dinars 442.20 423.68 475.21 462.85 480.93 466.40 516.43 533.01 515.11 480.90 501.19 460.53 442.26 395.33-non-financial corporations 153.35 185.31 219.31 184.40 222.43 216.74 236.75 237.39 259.07 233.52 221.16 185.18 187.20 158.44-general government 0.12 0.07 0.12 0.06 0.10 0.06 0.01 0.01 0.01 0.01 0.03 0.02 0.00-household sector 23.58 17.08 38.83 61.37 41.32 32.47 55.04 78.06 40.23 31.56 53.18 66.11 45.95 29.26-non-financial corporations in bankruptcy 223.85 221.14 216.97 216.93 217.07 216.98 224.48 217.55 215.67 215.67 226.77 209.07 209.07 207.55- ther sectors 41.42 0.03 0.03 0.03 0.05 0.11 0.1 0 0.13 0.151 0.07 0.15 0.04 0.08in foreign currency 3,829.27 4,160.22 3,587.53 3,839.36 3,580.24 3,778.40 3,778.96 3,618.40 3,567.65 935.37 937.91 659.23 635.51 712.34-non-financial corporations 2,938.86 3,225.01 2,677.09 2,841.65 2,732.84 2,895.53 2,925.52 2,812.68 2,789.62 796.17 754.34 551.09 537.37 617.22-general government 77.43 64.12 48.62 104.55 103.14 141.32 126.72 52.41 33.35-household sector 717.91 794.06 748.34 726.36 657.32 658.94 629.52 645.15 630.23 57.21 85.92 27.06 17.97 16.32-non-financial corporations in bankruptcy 75.83 60.83 102.61 156.15 81.83 78.32 89.11 92.23 94.11 81.90 97.44 79.86 79.28 78.24- ther sectors 19.24 16.20 10.87 10.65 5.11 4.29 8.09 15.93 20.34 0.09 0.21 1.22 0.89 0.55

58,849.96 59,855.15 58,977.79 57,805.69 55,800.69 58,656.46 59,946.31 60,126.92 58,162.43 60,333.47 59,322.75 61,263.08 61,570.46 62,289.84in dinars 976.18 921.44 960.24 1,010.68 1,050.83 975.78 853.34 830.44 783.79 717.92 672.48 662.22 648.63 739.80-non-financial corporations 883.26 832.40 874.03 936.19 980.78 909.15 785.60 767.59 720.97 650.46 602.15 600.56 585.14 671.67-general government 7.12 6.58 6.00 5.41 3.89 3.37 2.85 2.27 1.84 1.393 1.02 0.81 0.59 0.37-household sector 66.42 64.08 61.32 51.43 48.31 45.41 45.98 45.42 45.92 44.111 44.36 43.9 46.37 51.09-non-financial corporations in bankruptcy 19.38 18.38 18.88 17.65 17.85 17.85 18.91 14.96 14.86 21.954 24.95 16.81 16.53 16.53- ther sectors 0.20 0.20 0.14 0.13in foreign currency 57,873.78 58,933.71 58,017.55 56,795.01 54,749.86 57,680.68 59,092.97 59,296.48 57,378.64 59,615.55 58,650.27 60,600.86 60,921.83 61,550.05-non-financial corporations 49,715.17 49,720.44 48,321.23 47,689.26 45,578.54 48,320.63 49,546.37 49,765.27 47,505.26 48,717.62 48,629.00 50,881.77 51,400.95 52,439.44-general government 173.49 192.99 177.32 285.86 247.19 289.68 258.15 162.60 129.33 159.90 165.85 149.02 153.09 150.27-household sector 5,240.92 5,782.62 5,710.90 5,555.44 5,759.97 6,086.78 6,229.45 6,293.88 6,184.90 6,995.36 6,684.56 6,350.79 6,177.72 6,429.39-non-financial corporations in bankruptcy 2,336.48 2,662.27 3,313.11 2,810.45 2,752.18 2,600.52 2,697.00 2,716.31 3,230.23 3,461.64 2,884.39 2,919.13 2,930.56 2,303.88- ther sectors 407.72 575.39 494.99 454.00 411.98 383.07 362.00 358.42 328.92 281.03 286.47 300.15 259.51 227.07

0.57 0.57 0.57 0.57 0.57 0.48 0.48 0.48 0.84 0.88 0.88 2.64 2.64 2.64in dinars 0.57 0.57 0.57 0.57 0.57 0.48 0.48 0.48 0.84 0.88 0.88 2.64 2.64 2.64-non-financial corporations 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04-financial auxiliaries 0.44 0.44 0.44 0.44 0.44 0.44 0.44 0.44 0.84 0.84 0.84 2.60 2.60 2.60-rest of the world 0.09 0.09 0.09 0.09 0.09in foreign currency-non-financial corporations-financial auxiliaries-rest of the world

816.92 689.44 425.52 371.22 476.49 354.09 364.18 373.93 282.70 315.35 309.37 243.88 615.10 689.99in dinars 793.61 623.91 359.41 365.78 398.53 336.92 355.24 330.22 277.45 310.22 300.78 86.96 169.92 309.45-non-financial corporations 752.34 582.36 317.81 362.14 394.68 327.01 355.01 329.39 276.77 309.84 300.37 83.95 167.75 295.57- ther sectors 41.27 41.55 41.60 3.64 3.85 9.91 0.23 0.83 0.68 0.38 0.41 3.01 2.17 3.88in foreign currency 23.31 65.53 66.11 5.44 77.96 17.17 8.94 43.71 5.25 5.13 8.59 156.92 445.18 390.54-non-financial corporations 23.31 65.53 66.11 5.44 5.27 12.57 8.94 43.71 5.13 5.13 8.43 156.92 445.18 390.54- ther sectors 72.69 4.60 0.12 0.16

6,108.02 6,297.24 6,252.40 6,240.63 6,873.75 7,077.98 7,544.90 7,007.82 7,331.49 7,453.09 7,776.11 7,426.08 7,261.72 6,759.80in dinars 1,347.06 1,372.89 1,316.23 1,337.24 1,399.32 1,451.78 1,543.35 1,155.16 1,179.93 1,163.18 1,167.79 1,294.99 1,072.99 1,112.61-non-financial corporations 1,141.69 1,117.60 1,058.32 946.56 955.52 1,021.42 1,055.98 836.83 851.77 852.13 856.02 786.07 753.97 735.37-general government 104.20 164.28 170.33 270.74 323.41 314.68 356.52 211.31 212.80 223.15 208.72 393.55 207.96 237.37-household sector 3.69 4.72 6.66 6.02 5.86 8.43 7.92 10.26 15.71 11.20 10.95 11.32 11.74 10.86-other sectors 97.48 86.29 80.91 113.92 114.53 107.25 122.93 96.76 99.65 76.71 92.10 104.05 99.32 129.01in foreign currency 4,760.96 4,924.35 4,936.17 4,903.39 5,474.43 5,626.20 6,001.55 5,852.66 6,151.56 6,289.91 6,608.32 6,131.09 6,188.74 5,647.20-non-financial corporations 4,339.46 4,574.81 4,490.03 4,321.97 5,038.95 5,171.87 5,592.67 5,430.65 5,806.40 5,830.16 6,158.83 5,685.08 5,741.65 5,217.40-general government 12.25 0.00 0.32 12.92 12.29 12.97 13.17 0.26 2.91 2.93 2.93 2.91 3.08 3.10-household sector 277.16 280.02 264.38 249.72 244.04 242.58 222.69 240.49 238.17 221.00 236.26 238.10 238.14 218.37-other sectors 132.09 69.52 181.44 318.78 179.15 198.78 173.02 181.26 104.08 235.81 210.30 205.01 205.88 208.33

2,800.83 3,089.93 2,920.67 2,660.64 2,620.26 2,355.67 2,244.79 1,985.89 1,896.32 1,667.42 1,583.22 1,589.91 1,455.44 1,309.6981,236.74 81,627.49 81,374.23 81,284.28 78,285.63 78,617.91 79,179.66 80,425.58 76,814.27 76,138.03 75,492.90 77,463.35 76,694.32 77,083.52

ASSETS

long-term

short-term

Trade credits and advances

Other accounts receivable

Non-financial assetsTOTAL ASSETS

2) Financial instruments in foreign currency include FX-indexed and FX-denominated financial instruments.

Non-financial corporations include public enterprises and other non-financial corporations.

Household sector includes natural persons, entrepreneurs and registered agricultural estates.General government includes central government bodies and organisations, local government units and social security funds.

Other equity

20162015

1) Sector classification: non-financial corporations, National Bank of Serbia, banks, investment funds, other financial intermediaries other than insurance companies and pension funds,financial auxiliaries, holding companies, insurance companies, pension funds, general government, household sector, non-profit institutions serving households, financial sector inbankruptcy, non-financial corporations in bankruptcy and rest of the world.

2013

Currency

2014

Transferable deposits

Debt securities

Other deposits

short-term

long-term

Financial leasing, credit and loan receivables


64

ASSETS

I II III IV I II III IV I II III IV I II60,001.97 60,150.08 59,855.83 59,804.35 56,214.85 56,319.88 56,187.42 56,993.63 48,432.34 48,208.72 48,029.18 50,434.44 49,979.69 51,399.95

1,850.00 1,962.49 1,932.96 3,761.08 1,963.58 1,981.32 281.13 2,582.08 544.66 2,030.19 1,495.06 2,680.21 3,331.81 3,865.39in dinars 29.67 33.08 0.16 40.13 0.13 0.10 4.61 0.17 0.25 0.14 0.35 798.98 0.07 21.67-non-financial corporations-banks 29.67 33.08 0.16 40.13 0.13 0.10 4.61 0.17 0.25 0.14 0.35 798.98 0.07 21.67-general government-rest of the world- ther sectorsin foreign currency 1,820.33 1,929.41 1,932.80 3,720.95 1,963.45 1,981.22 276.52 2,581.91 544.41 2,030.05 1,494.71 1,881.24 3,331.74 3,843.72-non-financial corporations 239.90 290.34 365.02 58.97 0.04-banks 1,580.14 1,639.07 1,567.78 3,720.95 1,904.48 1,981.22 276.52 2,581.91 544.41 2,030.01 1,491.73 1,878.69 3,329.41 3,841.91-general government-rest of the world 0.29 2.98 2.55 2.33 1.81- ther sectors

58,151.97 58,187.59 57,922.87 56,043.27 54,251.27 54,338.56 55,906.29 54,411.55 47,887.68 46,178.53 46,534.12 47,754.23 46,647.88 47,534.56in dinars 3.14 101.37 23.30 2.41 24.16 1.65 23.16 1.96 20.62 0.44 6.21 1.11 4.32 6.96-non-financial corporations-banks 3.14 101.37 5.69 2.41 1.82 1.65 1.05 1.96 0.76 0.44 6.21 1.11 4.32 6.96-general government-rest of the world 17.61 22.34 22.11 19.86- ther sectorsin foreign currency 58,148.83 58,086.22 57,899.57 56,040.86 54,227.11 54,336.91 55,883.13 54,409.59 47,867.06 46,178.09 46,527.91 47,753.12 46,643.55 47,527.60-non-financial corporations 11.20 11.42 11.46 11.46 11.54 11.58 35.66 36.29 36.07 24.12 27.54 27.97 28.27 28.36-banks 6,340.31 5,525.75 5,878.32 5,703.40 5,158.40 5,230.00 2,739.29 3,625.67 3,187.57 3,398.52 4,262.98 5,867.28 5,364.39 6,301.93-general government 1,322.90 1,169.68 871.67 761.20 654.52 566.67 494.61 420.26 334.80 252.61 183.56 124.93 71.99 31.81-rest of the world 50,474.42 51,379.37 51,138.13 49,564.80 48,402.65 48,528.66 52,613.57 50,327.37 44,308.62 42,502.84 42,053.83 41,732.95 41,178.90 41,165.49- ther sectors

7,586.75 7,395.59 7,145.42 5,983.51 6,450.91 6,353.43 6,620.01 2,396.31 6,970.75 7,052.16 7,400.36 7,818.60 8,130.66 8,575.91

80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20in dinars 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20 80.20-banks 20.50 20.50 20.50 20.50 20.50 20.50 20.50 20.50 20.50 20.50 20.50 20.50 20.50 20.50-rest of the world 59.70 59.70 59.70 59.70 59.70 59.70 59.70 59.70 59.70 59.70 59.70 59.70 59.70 59.70- ther sectors

4,290.84 4,306.96 4,306.96 5,011.18 5,469.91 5,585.70 5,753.77 7,238.25 11,805.27 5,957.40 6,341.57 6,699.87 6,699.87 6,910.67in dinars 4,290.84 4,306.96 4,306.96 5,011.18 5,469.91 5,585.70 5,753.77 7,238.25 11,805.27 5,957.40 6,341.57 6,699.87 6,699.87 6,910.67-non-financial corporations 3.25 3.25 3.25 3.26 3.25 3.25 3.25-banks 1,526.36 1,526.35 1,526.35 1,754.47 1,754.47 1,754.47 1,754.47 1,799.81 1,799.81 1,805.09 1,805.09 1,805.34 1,805.34 1,805.34-holding companies 3.25 3.25 3.25 3.25 3.25 3.25 3.25-household sector 67.62 67.62 67.62 67.62 67.62 67.62 67.62 67.62 67.62 67.62 67.52 67.52 67.52 67.52-rest of the world 2,693.61 2,709.74 2,709.74 3,185.84 3,644.57 3,760.36 3,928.43 5,367.57 9,934.59 4,081.44 4,465.70 4,823.76 4,823.76 5,034.56-other sectorsin foreign currency-non-financial corporations-banks-holding companies-household sector-rest of the world-other sectors

179.38 158.56 154.31 131.68 138.58 169.56 138.70 141.97 129.82 156.08 93.60 165.37 113.71 136.79in dinars 161.37 144.97 123.36 97.55 120.48 149.93 117.83 139.80 123.90 155.24 92.83 164.70 113.41 135.43-non-financial corporations 153.97 132.38 115.08 84.49 103.57 139.85 107.83 120.53 112.52 144.48 78.37 146.43 97.41 118.62- ther sectors 7.40 12.59 8.28 13.06 16.91 10.08 10.00 19.27 11.38 10.75 14.46 18.28 16.00 16.82in foreign currency 18.01 13.59 30.95 34.13 18.10 19.63 20.87 2.17 5.92 0.85 0.77 0.67 0.30 1.36-non-financial corporations 16.77 12.71 26.97 33.41 17.57 18.71 20.21 1.67 4.56 0.55 0.41 0.21 0.20 0.16- ther sectors 1.24 0.88 3.98 0.72 0.53 0.92 0.66 0.50 1.36 0.29 0.36 0.46 0.10 1.21

1,108.25 1,144.78 1,087.55 1,542.88 1,646.66 1,653.44 1,546.21 1,395.36 1,461.38 1,410.52 1,399.55 1,845.90 1,457.90 1,592.04in dinars 875.77 823.65 829.02 1,324.49 1,424.98 1,369.31 1,278.44 535.81 704.14 659.14 609.58 1,030.75 635.04 1,289.72-non-financial corporations 662.97 602.24 585.01 1,022.88 1,144.50 1,093.93 1,048.86 367.19 478.18 424.07 439.04 633.75 396.53 1,061.49-general government 76.19 89.95 125.70 176.09 146.64 132.43 102.20 68.58 74.49 89.22 71.58 106.84 93.23 78.42-household sector 78.42 81.91 86.11 92.44 105.75 117.22 100.59 66.50 99.15 78.86 81.22 133.07 129.40 130.31- ther sectors 58.19 49.55 32.20 32.88 28.09 25.73 26.79 33.54 52.32 66.99 17.74 157.09 15.87 19.50in foreign currency 232.48 321.13 258.53 218.39 221.68 284.13 267.77 859.55 757.24 751.37 789.97 815.15 822.86 302.31-non-financial corporations 148.91 210.87 188.39 109.82 121.32 116.25 116.31 756.27 665.95 657.05 593.44 696.43 715.42 170.15-rest of the world 67.51 93.33 55.56 97.94 92.01 157.91 135.35 81.43 80.50 52.36 172.59 108.17 95.50 122.97- ther sectors 16.06 16.93 14.59 10.63 8.35 9.97 16.11 21.85 10.79 41.97 23.94 10.55 11.94 9.20

12,360.39 12,778.48 13,131.12 13,821.86 13,834.63 14,121.60 14,687.32 19,498.31 19,819.98 19,310.56 18,570.21 17,199.03 17,012.37 15,378.8381,236.74 81,627.49 81,374.23 81,284.28 78,285.63 78,617.91 79,179.66 80,425.58 76,814.27 76,138.03 75,492.90 77,463.35 76,694.32 77,083.52

Other equity

2014

1) Other liabilities include provisions for losses and accumulated depreciation.

Other accounts payable

ther liabilities 1)

TOTAL LIABILITIES


20162015LIABILITIES

2013

Credits and loansshort-term

long-term

Capital and provisions- f which:Shares


65

LIABILITIES

Table 1.2.2

Balance Sheet of Factoring Companies, by Sector 1)


III IV I II III IV I II III IV I II III IV I II0.08 0.13 0.22 0.20 0.07 0.16 0.12 0.16 0.08 0.11 0.13 0.15 0.10 0.12 0.12 0.07

in dinars 0.08 0.07 0.16 0.16 0.03 0.12 0.08 0.12 0.05 0.09 0.10 0.12 0.08 0.10 0.10 0.06in foreign currency 0.00 0.06 0.06 0.05 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.02 0.02 0.02 0.02

1,838.57 1,448.12 1,503.88 1,703.24 1,754.87 1,066.41 1,710.53 2,600.94 1,349.66 1,180.70 1,485.92 819.63 1,226.94 1,319.07 1,465.06 732.53in dinars 1,363.88 1,040.57 1,177.25 1,111.79 1,553.78 616.56 1,016.92 754.36 805.49 716.51 573.48 694.69 992.77 506.02 1,020.38 344.29in foreign currency 474.69 407.55 326.63 591.45 201.08 449.86 693.61 1,846.59 544.17 464.19 912.44 124.94 234.17 813.05 444.68 388.24

1,215.14 1,360.23 1,520.55 2,062.68 2,151.74 2,444.59 2,687.00 2,633.81 2,049.57 290.60 336.36 282.73 371.31 359.69 622.35 317.75in dinars 225.91 25.00 30.15 90.52 134.03 194.57 135.57 105.23 70.34 10.00 53.17 20.02in foreign currency 989.23 1,335.23 1,490.39 1,972.16 2,017.71 2,250.02 2,551.42 2,528.58 1,979.23 280.60 283.20 282.73 371.31 359.69 602.33 317.75

25.50 108.51 122.92 50.00 30.00 5.00 5.00 30.00 30.08 2,006.42 1,981.12 2,027.09 1,523.07 776.51 502.01 559.8325.50 108.51 122.92 50.00 30.00 5.00 5.00 30.00 30.08 56.86 31.55 65.00 54.87 100.64 72.93 128.28

in dinars 25.50 108.51 122.92 50.00 30.00 5.00 5.00 30.00 30.08 56.86 31.55 65.00 51.87 57.65 36.01 58.58-non-financial corporations 25.50 108.51 122.92 50.00 30.00 5.00 5.00 10.00 30.08 56.86 31.55 65.00 51.87 57.65 36.01 58.58-other sectors 20.00in foreign currency 3.00 42.99 36.92 69.69-non-financial corporations 3.00 42.99 36.92 69.69-other sectors

1,949.56 1,949.56 1,962.08 1,468.20 675.88 429.08 431.56in dinars-non-financial corporations-other sectorsin foreign currency 1,949.56 1,949.56 1,962.08 1,468.20 675.88 429.08 431.56-non-financial corporations-other sectors 1,949.56 1,949.56 1,962.08 1,468.20 675.88 429.08 431.56

26,496.49 25,644.17 25,520.46 25,136.62 24,864.48 24,897.51 21,775.71 21,774.59 21,864.27 21,788.11 21,985.70 23,715.20 23,120.51 23,921.71 23,742.27 23,395.97in dinars 3,963.87 4,117.17 4,247.01 4,124.82 4,195.38 4,401.59 3,492.70 3,240.65 3,271.03 4,967.06 5,224.57 5,787.89 5,694.69 6,675.98 6,856.40 7,252.70-non-financial corporations 2,624.25 2,335.80 2,487.55 2,220.02 2,271.89 2,509.51 2,739.32 2,484.90 2,513.38 3,475.14 3,686.23 4,251.81 4,200.37 4,962.37 5,088.70 5,454.85-other financial intermediaries 3.93 3.80 3.83 3.50 3.50 3.50-holding companies-general government 0.09 0.09 0.06 0.05 0.08 0.02 0.02 0.02-household sector 5.96 5.16 6.76 2.43 1.48 4.43 9.15 4.94 13.74 5.80 6.17 6.41 26.04 7.59-non-financial corporations in bankruptcy 1,335.68 1,777.57 1,749.66 1,896.15 1,913.24 1,886.16 751.90 751.31 748.40 1,486.89 1,524.55 1,530.22 1,488.07 1,707.17 1,741.64 1,790.24-rest of the world-other sectorsin foreign currency 22,532.63 21,527.00 21,273.46 21,011.80 20,669.10 20,495.91 18,283.01 18,533.94 18,593.24 16,821.05 16,761.13 17,927.32 17,425.82 17,245.72 16,885.86 16,143.26-non-financial corporations 21,984.33 20,691.54 20,479.27 20,473.68 20,321.70 20,188.61 18,073.71 18,401.79 18,500.37 16,799.07 15,611.25 16,713.71 16,295.91 16,117.98 15,758.14 15,015.53-other financial intermediaries-holding companies 176.52 213.62 227.83 151.09-general government 122.29 200.71 165.44 152.61 97.46 84.54 160.44 85.34 3.70 7.06 10.63 23.74-household sector 29.40 10.32 26.41 19.94 34.05 29.89 48.85 46.81 43.36 14.92 12.16 62.78 2.82 0.66 0.64 0.65-non-financial corporations in bankruptcy 182.59 397.65 361.76 200.49 200.49 186.23 45.81 1,127.09 1,127.09 1,127.09 1,127.09 1,127.09 1,127.09-rest of the world 37.49 13.16 12.75 13.99 15.40 6.65- ther sectors

1,653.20 1,662.86 1,624.89 1,539.96 1,261.49 1,243.20 1,152.94 202.02 80.28 102.82 102.83 140.58 71.17 22.72 22.72 22.72in dinars 31.75 29.85 29.86 29.87 32.80 59.01 13.75 11.09 11.09 33.20 33.20 33.19 33.20 22.50 22.50 22.50-non-financial corporations 24.34 22.46 22.46 22.48 25.32 21.39 13.75 11.09 11.09 10.06 10.06 10.06 10.06 6.56 6.56 6.56-banks 6.28 6.26 6.26 6.18 6.25 36.39-holding companies 0.94 0.94 0.94 0.94 0.96 0.96-insurance companies 0.12 0.12 0.12 0.12 0.12 0.12- other sectors 0.07 0.07 0.07 0.14 0.14 0.14 23.14 23.14 23.14 23.14 15.94 15.94 15.94in foreign currency 1,621.45 1,633.00 1,595.04 1,510.09 1,228.68 1,184.19 1,139.20 190.94 69.19 69.63 69.63 107.39 37.97 0.22 0.22 0.22-rest of the world 1,621.45 1,633.00 1,595.04 1,510.09 1,228.68 1,184.19 1,139.20 190.94 69.19 69.63 69.63 107.39 37.97 0.22 0.22 0.22- ther sectors

0.13 111.73 84.33 207.72 207.72 169.15 40.24 365.81 365.81 21.41 21.41 21.41 21.41 21.41 21.41 21.41in dinars 0.13 111.73 84.33 207.72 207.72 163.63 40.24 56.43 56.43 21.41 21.41 21.41 21.41 21.41 21.41 21.41-non-financial corporations 0.13 111.73 84.33 207.72 207.72 163.63 40.24 56.43 56.43 21.41 21.41 21.41 21.41 21.41 21.41 21.41- ther sectorsin foreign currency 5.52 309.38 309.38-non-financial corporations 5.52- ther sectors 309.38 309.38

164.07 164.07 24.20 21.92 0.49 0.01 22.56 9.04in dinars 0.01 0.01 24.20 21.92 0.49 0.01 22.56 9.04in foreign currency 164.07 164.07

1,650.78 1,420.20 1,038.62 1,057.04 1,050.55 1,053.95 1,046.47 1,062.88 1,074.22 1,260.09in foreign currency 1,650.78 1,420.20 1,038.62 1,057.04 1,050.55 1,053.95 1,046.47 1,062.88 1,074.22 1,260.09

495.14 90.17 88.80 87.24 90.50 95.01 10.12 11.13 19.16 25.17 8.17 8.33 627.36 14.58 777.99 928.88in dinars 189.65 85.55 83.46 82.17 85.63 89.49 3.32 5.15 13.54 18.13 2.66 3.43 622.59 3.62 770.94 922.51-non-financial corporations 144.76 83.81 82.16 81.91 85.57 89.33 3.27 5.14 13.30 18.09 2.56 3.43 622.59 3.60 770.92 922.26- ther sectors 44.89 1.74 1.30 0.26 0.06 0.16 0.04 0.01 0.24 0.03 0.10 0.20 0.02 0.24in foreign currency 305.49 4.62 5.34 5.07 4.87 5.52 6.80 5.98 5.62 7.05 5.51 4.90 4.76 10.96 7.05 6.37-non-financial corporations 305.34 4.47 5.04 4.92 4.72 5.37 6.80 5.98 5.62 6.99 5.45 4.84 4.70 10.58 6.98 5.76- ther sectors 0.15 0.15 0.31 0.15 0.15 0.15 0.06 0.06 0.06 0.06 0.39 0.06 0.61

1,054.46 1,326.07 1,047.94 1,180.56 1,201.36 1,311.05 1,471.78 1,934.72 2,188.56 2,098.07 2,041.13 1,943.37 1,838.38 2,058.46 2,006.53 1,845.15in dinars 237.69 290.83 269.39 253.94 293.83 458.67 560.12 952.87 981.50 822.97 799.52 714.75 820.75 994.81 911.98 731.40-non-financial corporations 111.89 156.08 141.28 119.56 162.12 256.13 324.74 716.27 753.44 637.10 571.46 589.90 653.56 717.34 636.61 409.77-general government 120.20 103.30 110.32 115.57 119.63 185.09 219.46 220.43 199.08 165.25 137.04 34.32 76.41 183.40 179.67 227.06- ther sectors 5.60 31.45 17.79 18.81 12.08 17.45 15.92 16.17 28.97 20.62 91.02 90.53 90.78 94.07 95.70 94.57in foreign currency 816.77 1,035.24 778.55 926.62 907.53 852.38 911.67 981.85 1,207.07 1,275.10 1,241.61 1,228.61 1,017.63 1,063.65 1,094.55 1,113.75-non-financial corporations 731.00 946.03 692.16 799.41 710.73 618.23 690.31 731.32 959.45 1,011.01 979.46 968.57 759.80 796.07 828.12 837.60-rest of the world 83.28 85.06 85.05 126.01 187.28 200.35 199.23 230.00 228.15 243.40 240.12 239.26 237.14 246.70 245.21 255.16- ther sectors 2.49 4.15 1.34 1.20 9.52 33.80 22.13 20.53 19.47 20.69 22.03 20.79 20.69 20.88 21.22 20.99

1,448.63 1,390.64 1,350.78 1,348.45 1,346.49 1,330.45 314.32 438.93 446.27 190.10 190.92 184.42 220.64 210.51 211.78 211.2434,227.34 33,142.62 32,864.79 33,316.69 32,908.72 32,562.53 30,818.54 31,576.39 29,596.44 28,784.76 29,226.16 30,197.35 30,067.37 29,790.22 30,446.48 29,304.70

NOTES:

Non-financial assets

201620152014

Investment fund shares/units

Shares

Other equity

ASSETS 2012 2013

Financial derivatives



Financial instruments in foreign currency include FX-indexed and FX-denominated financial instruments.

TOTAL ASSETS

Household sector includes natural persons, entrepreneurs and registered agricultural estates.

Sector classification: non-financial corporations, National Bank of Serbia, banks, investment funds, other financial intermediaries other than insurance companies and pension funds, financial auxiliaries, holdingcompanies, insurance companies, pension funds, general government, household sector, non-profit institutions serving households, financial sector in bankruptcy, non-financial corporations in bankruptcy and rest of theworld.

Government includes central government bodies and organisations, local government units and social insurance funds.Non-financial corporations include public enterprises and other non-financial corporations.

Factoring, credit and loan receivables

Currency


Other deposits

Debt securitiesshort-term

long-term


66

ASSETS

III IV I II III IV I II III IV I II III IV I II

18,081.31 15,799.56 15,131.56 15,456.73 15,243.39 15,290.45 12,234.51 12,022.67 11,382.99 10,976.83 11,096.86 11,269.06 11,077.67 9,854.70 9,895.93 8,975.0915,466.63 13,167.19 12,943.51 13,168.24 12,946.93 12,856.14 10,294.14 10,027.92 9,478.54 8,534.35 8,604.20 8,810.35 8,826.20 8,241.81 8,271.70 7,592.53

in dinars 3,295.89 2,352.14 2,582.36 2,880.10 2,809.62 2,864.23 669.17 635.51 585.16 343.86 342.75 347.89 404.20 406.55 396.50 123.57-non-financial corporations 422.19 379.19 301.74 301.89 284.34 566.95 544.96 529.82 479.97 238.95 240.43 246.57 233.58 218.32 227.53 78.26-banks 287.91 306.91 324.35 543.46 539.27 309.90 102.00 102.00 101.50 101.50 101.00 101.00 170.30 170.36 141.42-rest of the world 2,575.90 1,653.76 1,944.93 1,944.39 1,944.61 1,943.95-other sectors 9.89 12.28 11.34 90.35 41.39 43.42 22.21 3.69 3.69 3.41 1.32 0.32 0.32 17.88 27.55 45.31in foreign currency 12,170.74 10,815.05 10,361.15 10,288.14 10,137.31 9,991.91 9,624.97 9,392.40 8,893.38 8,190.48 8,261.46 8,462.46 8,422.00 7,835.25 7,875.21 7,468.96-non-financial corporations 5.18 380.69 374.50 405.56 398.78 616.67 386.97 378.04 370.78 184.87 275.15 439.70 448.97 501.97 399.99 393.96-banks 4,717.22 3,350.22 3,234.83 3,172.67 3,231.52 3,127.24 3,136.65 3,032.38 2,766.23 2,804.42 2,787.70 2,814.27 2,737.16 2,502.43 2,529.57 2,197.80-rest of the world 7,249.28 6,922.92 6,526.52 6,613.13 6,413.12 6,182.07 5,927.28 5,910.04 5,692.20 5,172.42 5,169.25 5,169.63 5,139.87 4,659.55 4,706.72 4,620.58-other sectors 199.06 161.22 225.30 96.78 93.89 65.93 174.07 71.95 64.17 28.78 29.36 38.86 95.99 171.31 238.92 256.62

2,614.68 2,632.37 2,188.05 2,288.50 2,296.46 2,434.31 1,940.37 1,994.75 1,904.45 2,442.48 2,492.65 2,458.71 2,251.47 1,612.89 1,624.23 1,382.56in dinars 400.13 409.63 421.68 371.01 484.49 675.53 408.94 351.63 323.45 749.93 780.01 735.50 521.48 476.63 476.63 250.00-non-financial corporations 189.08 118.11 136.97 93.75 213.73 169.86 182.31 124.99 96.81 273.30 303.38 258.87 44.85-banks 211.05 291.52 284.70 277.25 270.76 505.67 226.63 226.63 226.63 226.63 226.63 226.63 226.63 226.63 226.63-rest of the world-other sectors 250.00 250.00 250.00 250.00 250.00 250.00 250.00in foreign currency 2,214.55 2,222.74 1,766.37 1,917.49 1,811.96 1,758.78 1,531.43 1,643.12 1,581.01 1,692.55 1,712.64 1,723.21 1,729.99 1,136.25 1,147.59 1,132.56-non-financial corporations 708.79 69.29 46.91 46.28 52.74 0.00 0.33 32.51 31.21-banks 840.96 1,543.99 1,141.91 1,285.21 1,168.71 1,155.20 1,176.63 1,166.83 1,212.73 1,230.65 1,214.40 1,224.16 1,225.81 1,098.30 1,109.64 1,094.09-rest of the world 305.15 248.06 232.07 232.91 232.16 241.15 27.61-other sectors 359.65 361.39 345.49 353.09 358.35 362.43 354.80 476.29 368.28 461.57 498.24 466.54 445.36 37.95 37.95 38.48

8,072.50 7,811.17 7,812.24 7,808.42 7,868.42 5,596.02 8,117.77 8,700.84 8,728.50 8,369.58 8,278.48 8,571.79 8,444.97 7,939.28 8,361.38 8,290.54

5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,816.79 5,816.79 5,816.79in dinars 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,816.79 5,816.79 5,816.79-non-financial corporations-general government 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,512.40 5,816.79 5,816.79 5,816.79- ther sectors

964.17 1,434.59 1,439.09 1,439.26 1,466.60 1,535.61 894.23 1,128.44 1,107.31 995.73 998.34 1,038.34 1,045.52 1,082.57 1,073.47 946.92in dinars 793.65 1,093.65 1,098.15 1,098.15 1,125.51 1,171.64 519.34 753.54 732.42 620.83 623.44 663.44 670.62 707.67 698.57 631.77-non-financial corporations 126.69 126.70 129.43 129.43 158.53 169.43 151.88 185.11 97.60 97.60 97.60 121.72 121.72 121.72 188.11 292.43-banks 81.45 81.45 83.21 83.21 83.21 83.21 110.94 104.33 104.33 104.33 104.33 104.33 104.33 104.33 104.33-household sector 176.47 176.47 176.47 176.47 174.69 191.09 56.26 56.26 56.26 56.26 56.26 96.26 96.26 133.31 124.21 119.60-rest of the world 409.03 709.03 709.04 709.04 709.04 709.04 176.14 383.72 383.72 272.14 274.75 274.75 281.92 281.93 281.93 219.74- ther sectors 0.04 18.86 24.11 24.11 90.50 90.50 90.50 66.39 66.39 66.39in foreign currency 170.52 340.94 340.94 341.10 341.09 363.97 374.90 374.90 374.90 374.90 374.90 374.90 374.90 374.90 374.90 315.15-non-financial corporations-banks-household sector 0.09 0.09 0.09 0.09 0.08 0.08 22.94 22.94 22.94 22.94 22.94 22.94 22.94 22.94 22.94 22.94-rest of the world 170.39 340.81 340.81 340.98 341.01 363.89 351.96 351.96 351.96 351.96 351.96 351.96 351.96 351.96 351.96 292.21- ther sectors 0.04 0.04 0.04 0.04

1,284.90 1,285.01 1,324.86 1,455.75 1,458.15 1,323.15 1,395.34 1,319.84 165.88 146.21 57.36 146.91 39.20 178.92 85.07 70.07in dinars 12.60 15.12 75.17 197.03 187.36 67.29 125.04 47.72 143.33 118.99 39.03 121.37 26.93 151.16 73.22 67.79-non-financial corporations 11.45 14.95 74.26 196.89 187.31 67.27 125.03 47.67 47.89 118.97 38.64 120.99 26.55 146.28 73.08 67.67-banks 94.96 0.00 0.00 0.06 0.04 0.06-other sectors 1.15 0.17 0.90 0.14 0.05 0.02 0.01 0.04 0.48 0.02 0.39 0.38 0.38 4.81 0.09 0.06in foreign currency 1,272.30 1,269.89 1,249.70 1,258.72 1,270.79 1,255.86 1,270.29 1,272.12 22.55 27.22 18.33 25.54 12.27 27.76 11.85 2.27-non-financial corporations 0.07 12.98 11.14 3.92 4.58 2.76 2.76 7.18 13.63 24.83 12.47 20.67 10.35 22.39 8.80 0.44-rest of the world 1,271.25 1,255.62 1,236.79 1,254.80 1,266.21 1,253.10 1,267.53 1,264.94 8.92 2.39 5.86 4.87 1.92 5.37 3.05 1.83- ther sectors 0.98 1.29 1.77

1,345.32 1,624.82 2,040.51 1,819.43 1,626.02 1,638.03 1,557.56 1,677.34 1,390.29 1,140.04 1,567.28 1,975.63 2,300.88 2,577.43 2,883.06 3,044.31in dinars 1,119.59 1,380.95 1,737.85 1,587.87 1,463.18 1,434.01 1,397.96 1,547.19 1,196.10 939.10 1,349.88 1,754.24 2,115.32 2,404.23 2,710.55 2,842.67-non-financial corporations 801.92 1,057.54 1,338.89 1,182.24 1,067.84 1,134.80 1,105.76 1,290.98 927.84 768.84 1,175.56 1,590.78 1,333.94 1,271.19 1,248.81 1,304.62-general government 303.45 302.62 363.99 366.83 349.07 264.19 249.94 213.05 221.73 24.93 19.43 19.50 607.78 917.31 1,241.80 1,518.81- ther sectors 14.22 20.79 34.96 38.80 46.27 35.02 42.27 43.16 46.52 145.33 154.89 143.96 173.60 215.73 219.94 19.24in foreign currency 225.73 243.88 302.66 231.56 162.84 204.02 159.60 130.15 194.19 200.94 217.40 221.39 185.56 173.20 172.51 201.64-non-financial corporations 192.04 223.54 285.46 212.97 143.15 196.08 155.18 129.31 190.65 200.94 214.31 219.84 184.68 172.52 171.84 201.01-rest of the world 33.33 13.23 12.95 14.65 15.69 7.83 0.30 0.77 0.78 0.00 0.79 0.31 0.16 0.01 0.01- ther sectors 0.36 7.11 4.25 3.93 4.00 0.11 4.12 0.07 2.76 0.00 2.30 1.24 0.72 0.67 0.66 0.64

5,443.31 6,622.06 6,555.62 6,776.36 6,712.74 8,714.89 7,513.35 7,855.69 7,928.78 8,152.10 8,226.18 8,233.97 8,204.65 9,239.90 9,221.04 8,924.6834,227.34 33,142.62 32,864.79 33,316.69 32,908.72 32,562.53 30,818.54 31,576.39 29,596.44 28,784.76 29,226.16 30,197.35 30,067.37 29,790.22 30,446.48 29,304.70

Household sector includes natural persons, entrepreneurs and registered agricultural estates.Financial instruments in foreign currency include FX-indexed and FX-denominated financial instruments.

2016

NOTES:Sector classification: non-financial corporations, National Bank of Serbia, banks, investment funds, other financial intermediaries other than insurance companies and pension funds, financial auxiliaries, holding companies, insurance companies, pension funds, general government, household sector, non-profit institutions serving households, financial sector in bankruptcy, non-financial corporations in bankruptcy and rest of the world.Non-financial corporations include public enterprises and other non-financial corporations.Government includes central government bodies and organisations, local government units and social insurance funds.

TOTAL LIABILITIES

LIABILITIES

short-term

20152012 2013


Debt securitiesLoans and deposits

2014

Shares

Other equity

long-term

Capital and provisions- f which:

1) Other liabilities include provisions for losses and accumulated depreciation.


Other liabilities1)


67

LIABILITIES

Tabela 1.2.3.

Balance Sheet of Investment Funds, by Sector1)


Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

770.15 111.23 1,301.59 84.87 2,276.16 102.08 1,380.85 108.25 2,245.77 147.16in dinars 98.52 74.47 363.37 32.20 893.38 28.09 554.80 46.20 557.60 58.80in foreign currency 671.64 36.76 938.22 52.67 1,382.79 73.99 826.04 62.05 1,688.17 88.36

2,070.94 2,095.48 2,010.09 3.89 3,456.81 2,785.70in dinars 1,698.28 2,078.19 1,991.76 3.89 2,786.98 2,107.10in foreign currency 372.67 17.29 18.33 669.84 678.59

1,449.47 73.23 1,736.52 59.20 2,059.11 36.45 2,648.39 46.80 3,080.87 48.1216.76 14.67 1.57 9.29

in dinars 15.23-general government 15.23- ther sectorsin foreign currency 1.53 14.67 9.29-general government 1.53 14.67 1.57 9.29- ther sectors

1,432.70 58.56 1,734.95 49.91 2,059.11 2,648.39 3,080.87 48.12in dinars 955.31 1,105.78 1,458.76 1,890.72 2,083.36-general government 878.68 1,029.20 1,382.20 1,814.14 2,083.36- ther sectors 76.63 76.58 76.56 76.57in foreign currency 477.39 58.56 629.17 49.91 600.35 36.45 757.67 46.80 997.51 48.12-general government 477.39 45.24 629.17 46.15 600.35 32.81 757.67 42.99 997.51 44.18- ther sectors 13.32 3.76 3.64 3.81 3.95

825.44 843.48 892.60 935.81 942.57in dinars 261.35 278.89 268.83 278.42 270.77-non-financial corporations 218.05 235.28 224.10 229.12 223.13-banks 43.30 43.61 44.72 49.30 47.63- ther sectorsin foreign currency 564.09 564.60 623.77 657.40 671.80-rest of the world 564.09 564.60 623.77 657.40 671.80- ther sectors

16.62 93.30 27.98 102.41 25.94 94.20 33.03 92.41 105.93in dinars 16.62 48.98 27.98 48.54 25.94 47.96 33.03 48.07 56.64

-money market funds 16.62 8.81 27.98 8.90 25.94 5.83 33.03 3.78 3.87

-other investment funds 40.17 39.64 42.13 44.29 52.77in foreign currency 44.32 53.87 46.25 44.34 49.29-rest of the world 44.32 53.87 46.25 44.34 49.29

0.18 2.33 15.75 3.43 0.20 8.34 5.00 7.90 134.32 8.01in dinars 0.18 2.26 15.75 2.26 0.20 8.18 5.00 7.90 8.01-non-financial corporations 1.08 1.08 7.00 6.71 6.83-general government 1.17 15.75 1.17 0.20 1.17 1.17-household sector-other sectors 0.18 0.01 0.01 0.01 5.00 0.01 1.18in foreign currency 0.07 1.17 0.16 134.32-non-financial corporations-general government 134.32-household sector-other sectors 0.07 1.17 0.16

4,307.37 1,105.53 5,177.32 1,093.39 6,371.51 1,137.56 7,524.07 1,191.18 8,246.66 1,251.79

Financial instruments in foreign currency include FX-indexed and FX-denominated financial instruments.


long-term

2013IV

NOTE:Household sector includes natural persons, entrepreneurs and registered agricultural estates.

III

Debt securitiesshort-term


Investment fund shares/units

TOTAL ASSETS

Shares

Other deposits

II


1) Sector classification:non-financialcorporations, National Bank of Serbia, banks, investment funds, other financial intermediaries other than insurance companies andpension funds, financial auxiliaries, holding companies, insurance companies, pension funds, general government, household sector, non-profit institutions servinghouseholds, financial sector in bankruptcy, non-financial corporations in bankruptcy and rest of the world.

General government includes central government bodies and organisations, local government units and social security funds.

IV I

ASSETS

2014


68

ASSETS


69

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

2,827.30 221.55 2,418.93 517.22 5,316.25 497.02 5,697.37 305.52 7,599.09 84.94 6,683.34 104.631,041.50 37.03 218.62 85.51 2,123.24 69.74 1,507.05 85.36 2,837.49 30.77 1,240.61 40.171,785.81 184.52 2,200.30 431.70 3,193.01 427.29 4,190.32 220.17 4,761.60 54.17 5,442.74 64.463,035.07 4,819.05 13.06 3,707.87 5,686.21 4,777.03 14.00 7,649.13 9.252,351.48 4,143.33 13.06 3,686.35 5,664.98 4,742.76 14.00 7,618.48

683.59 675.72 21.52 21.23 34.27 30.65 9.252,562.30 61.97 2,717.26 54.81 3,705.56 70.03 4,288.67 70.31 5,273.83 67.23 6,283.94 59.82

37.05 29.12 19.26 19.6635.17 27.23 19.26 19.6635.17 27.23 19.26 19.66

1.88 1.901.88 1.90

2,525.26 61.97 2,688.14 54.81 3,686.30 70.03 4,269.02 70.31 5,273.83 67.23 6,283.94 59.821,439.09 13.70 1,581.92 10.40 2,332.92 10.62 2,763.80 10.83 3,551.75 11.13 4,119.51 5.151,439.09 13.70 1,581.92 10.40 2,332.92 10.62 2,763.80 10.83 3,551.75 11.13 4,119.51 5.15

1,086.17 48.28 1,106.22 44.41 1,353.38 59.41 1,505.21 59.48 1,722.07 56.10 2,164.42 54.671,086.17 44.28 1,106.22 40.65 1,353.38 55.63 1,505.21 55.57 1,722.07 52.13 2,164.42 50.94

4.00 3.76 3.78 3.91 3.97 3.741,032.78 1,018.25 903.63 978.69 1,133.64 1,146.12

255.29 208.70 179.95 175.48 161.85 141.92208.92 181.83 156.35 151.07 140.53 132.8046.37 26.87 23.60 24.42 21.32 9.13

777.49 809.55 723.68 803.21 971.78 1,004.19777.49 809.55 723.68 803.21 971.78 1,004.19

28.60 71.56 44.12 71.72 11.92 57.41 38.96 55.71 38.79 80.30 25.19 82.7828.60 57.60 44.12 60.03 11.92 48.32 38.96 49.05 38.79 73.73 25.19 76.17

28.60 6.51 44.12 6.87 11.92 9.48 38.96 9.11 38.79 29.68 25.19 30.04

51.09 53.16 38.84 39.93 44.05 46.1313.96 11.69 9.09 6.66 6.57 6.6113.96 11.69 9.09 6.66 6.57 6.61

0.11 1.78 37.35 9.19 10.52 6.25 7.49 7.86 3.20 9.810.11 1.78 37.35 8.73 10.52 6.25 7.18 2.91 3.20 9.58

0.60 7.22 4.74 2.19 0.79 8.071.17 1.17 1.17 1.17 1.17 1.17

0.11 37.35 0.34 10.52 0.34 3.81 0.96 3.20 0.340.46 0.32 4.95 0.230.25 0.09

4.95

0.21 0.32 0.148,453.40 1,389.64 10,036.71 1,684.24 12,752.13 1,534.34 15,711.22 1,417.72 17,688.74 1,387.97 20,644.80 1,412.41

IIV2015

III2016

IIIII

ASSETS


70

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

4,302.46 1,098.41 5,073.84 1,081.80 6,343.90 1,132.75 7,431.12 1,175.75 8,066.14 1,223.14- f which:Investment fund shares/units 4,302.46 1,038.54 5,073.84 1,024.08 6,343.90 1,073.74 7,431.12 1,110.34 8,066.14 1,153.94in dinars 4,302.46 1,038.54 5,073.84 1,024.08 6,343.90 1,073.74 7,431.12 1,110.34 8,066.14 1,153.94-non-financial corporations 2,304.71 186.19 2,570.00 141.04 3,343.41 141.12 4,186.81 148.45 4,215.25 145.94-banks 23.77 25.64 29.18 44.69 47.49-money market funds 10.38 9.76 27.99 9.62 25.96 9.91 33.03 10.48 10.23-other investment funds 9.52 22.60 3.34 20.44 3.41 22.14 1.26 22.35 6.23 19.51-financial auxiliaries 195.97 335.17 420.57 505.36 273.70 3.71-insurance cirporations 31.74 26.19 32.47 26.39 33.17 27.62 33.83 28.21 34.50 28.40-household sector 1,680.90 696.89 1,988.33 722.26 2,303.70 763.67 2,413.86 802.01 3,218.51 840.24-financial corporations under bankruptcu procedure 25.40 25.40 25.40 25.40 25.40

-rest of the world 45.46 71.51 90.89 78.92 184.50 83.88 212.29 73.44 270.45 80.52in foreign currency-rest of the world- ther sectors

4.90 7.12 103.48 11.59 27.61 4.80 92.95 15.42 180.51 28.65in dinars 4.89 7.05 103.46 11.58 27.59 4.77 92.89 15.39 46.17 15.34-non-financial corporations 0.82 1.00 94.43 7.33 19.71 0.41 66.19 0.62 36.91 10.35-financial auxiliaries 3.54 3.94 5.50 2.68 5.02 2.98 6.95 2.98 6.96 3.63- ther sectors 0.53 2.11 3.53 1.57 2.86 1.38 19.76 11.79 2.30 1.36in foreign currency 0.01 0.07 0.02 0.02 0.02 0.03 0.06 0.03 134.34 13.31-rest of the world 0.01 13.26-general government 134.32- ther sectors 0.00 0.07 0.02 0.02 0.02 0.03 0.06 0.03 0.02 0.05

4,307.37 1,105.53 5,177.32 1,093.39 6,371.51 1,137.56 7,524.07 1,191.18 8,246.66 1,251.79

Financial instruments in foreign currency include FX-indexed and FX-denominated financial instruments. NOTE:


Household sector includes natural persons, entrepreneurs and registered agricultural estates.

TOTAL LIABILITIES

IV


2013

II

1) Sector classification: non-financial corporations, National Bank of Serbia, banks, investment funds, other financial intermediaries other than insurancecompanies and pension funds, financial auxiliaries, holding companies, insurance companies, pension funds, general government, household sector, non-profit institutions serving households, financial sector in bankruptcy, non-financial corporations in bankruptcy and rest of the world.

General government includes central government bodies and organisations, local government units and social security funds.

III

Capital

LIABILITIES

2014

IV I

LIABILITIES

Tabela 1.2.3.

Balance Sheet of Investment Funds, by Sector1)



71

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

Money market funds

Other investment

funds

8,423.25 1,383.14 9,946.26 1,666.97 12,692.87 1,528.56 15,695.63 1,411.86 17,483.03 1,382.90 20,397.89 1,405.57

8,423.25 1,312.89 9,946.26 1,587.06 12,692.87 1,456.70 15,695.63 1,347.29 17,483.03 1,319.91 20,397.89 1,338.708,423.25 1,312.89 9,946.26 1,587.06 12,692.87 1,456.70 15,695.63 1,347.28 17,483.03 1,319.91 20,397.89 1,338.704,017.07 142.75 4,631.47 155.25 6,501.72 125.59 7,086.27 131.47 6,271.48 124.00 7,919.27 121.64

74.08 74.64 250.15 1,833.61 3,421.67 3,470.3028.61 10.39 42.19 10.96 11.92 0.00 38.97 0.01 38.79 25.1911.85 18.15 12.35 17.50 9.48 44.32 9.13 45.65 29.71 49.18 29.98 46.20

454.78 12.05 592.54 7.38 587.09 7.38 479.77 8.54 614.17 19.80 643.66 7.9235.21 20.13 35.84 19.85 36.42 18.23 36.86 18.94 37.29 19.47 37.76 20.27

3,481.45 988.18 4,150.80 1,242.88 4,899.34 1,148.83 5,740.83 1,036.17 6,603.41 1,006.37 7,742.18 1,042.94

25.40 25.40 14.10 10.71 5.66 1.64

320.20 95.83 406.43 107.83 396.75 98.24 470.18 95.80 466.51 95.43 529.54 98.09

30.15 6.49 90.45 17.27 59.26 5.78 15.59 5.87 205.71 5.07 246.91 6.8430.12 6.48 90.43 17.25 59.23 5.76 15.57 5.85 205.69 5.04 246.89 6.8217.30 0.85 19.74 0.39 44.92 0.59 0.08 0.82 187.82 0.99 197.53 0.23

6.71 3.74 8.19 14.60 9.90 3.64 12.23 3.06 13.85 3.02 16.62 3.266.11 1.89 62.50 2.26 4.41 1.53 3.25 1.97 4.02 1.03 32.74 3.330.03 0.01 0.02 0.01 0.02 0.02 0.03 0.01 0.02 0.03 0.02 0.02

0.03 0.01 0.02 0.01 0.02 0.02 0.03 0.01 0.02 0.03 0.02 0.028,453.40 1,389.64 10,036.71 1,684.24 12,752.13 1,534.34 15,711.22 1,417.72 17,688.74 1,387.97 20,644.80 1,412.41

IIV

2015

IIIIII

2016

II

LIABILITIES


72


73

3 Interest Rates and Dinar Exchange Rate Movements

Table 1.3.1

NBS Interest Rates(Per annum rates, in %)

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 7b1997 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 -

2013 9.50 9.50 - - - - 14.25 10.30 -

2014 8.00 8.00 - - - - 12.00 10.06 -2014

Sep 8.50 8.50 - - - - 12.75 10.08 -Oct 8.50 8.50 - - - - 12.75 10.08 -Nov 8.00 8.00 - - - - 12.00 10.08 -Dec 8.00 8.00 - - - - 12.00 10.06 -

2015Jan 8.00 8.00 - - - - 12.00 10.05 -Feb 8.00 8.00 - - - - 12.00 10.03 -Mar 7.50 7.50 - - - - 11.25 10.00 -Apr 7.00 7.00 - - - - 10.50 9.99 -May 6.50 6.50 - - - - 9.75 9.99 -Jun 6.00 6.00 - - - - 9.00 9.98 -Jul 6.00 6.00 - - - - 11.00 4.97 -Aug 5.50 5.50 - - - - 10.50 4.96 -Sep 5.00 5.00 - - - - 10.00 4.95 -Oct 4.50 4.50 - - - - 9.50 4.91 -Nov 4.50 4.50 - - - - 9.50 4.87 -Dec 4.50 4.50 - - - - 9.50 4.86 -

2016Jan 4.50 4.50 - - - - 9.50 4.80 -Feb 4.25 4.25 - - - - 9.25 4.77 -Mar 4.25 4.25 - - - - 9.25 4.75 -Apr 4.25 4.25 - - - - 9.25 4.74 -May 4.25 4.25 - - - - 9.25 4.73 -Jun 4.25 4.25 - - - - 9.25 4.71 -Jul 4.00 4.00 - - - - 9.00 4.70 -Aug 4.00 4.00 - - - - 9.00 4.70 -

10) Starting with 11.07.2015., on the amount of an emergency liquidity assistance loan granted in euros, the NBS shall charge interest – at the rate equal to the three-month EURIBOR on the value date of interest calculation, plus 5 percentage points. On the amount of an emergency liquidity assistance loan granted in dinars, the NBS shall charge interest – at the rate equal to the NBS key policy rate plus 5 percentage points.

NOTE: In the months that witnessed changes in interest rates, the interest rates applicable at the end of those particular months were used.

9) Until April 2002, deposit interest rate was calculated by applying the prescribed interest rates on allocated required reserve funds.

7) he amount of credits and other lending that have not been repaid within the agreed or prescribed period, and/or that are used contrary to regulations.Starting with 11.07.2015., interest rate on the amount of credits and other lending that have not been repaid within the agreed or prescribed period, and/or that are used contrary to regulations – at interest rates determined by the law regulating the default interest.

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 and 98/2012), until 10 Juy 2015 ("RS Official Gazette", No. 61/2015 ) 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)

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("RS Official Gazette", No. 87/2012).

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, 18/2011 and 34/2013).

4b) From 14 November 2014, entered into force new Decision on interest rates applied by the National Bank of Serbia in the implementation of monetary policy (allocated foreign currency required reserves in excess of the calculated amount) – by applying the interest rate equal to the three-month EURIBOR applicable on the date of interest calculation, plus 5 percentage points ("RS Official Gazette", nos. 45/2011, 98/2012 and 125/2014).

On Lombard loans3)

On non-allocated

dinar required

reserves4)

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, 98/2012, 125/2014, 42/2015, 61/2015, 86/2015, 93/2015, 11/2016 and 61/2016).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) Until 10 April 2002 shown were the interest rates charged on non-allocated and/or incorrectly calculated dinar required reserves, and in the period from 11 April 2002 to 17 September 2008, interest rates shown in columns 7 and 8 were those charged on non-allocated and incorrectly calculated dinar and foreign exchange required reserves. Beginning from the maintenance period 18 September–17 October 2008, interest rates on non-allocated and/or incorrectly calculated dinar/foreign currency required reserves have been shown in separate columns. Starting with 11.07.2015., interest rate on the difference between calculated and allocated and between prescribed and calculated foreign currency reserve requirement (RR) is calculated in relation to 3 month EURIBOR, which is formed on the day of interest, increased by 5 p.p, while on dinar currency reserve requirement (RR) interest rate, for the same base, is calculated in relation to NBS Key Policy Rate increased by 5 p.p.

Lending interest rates

On non-allocated foreign

currency required

reserves4)


74

On the amount of difference between the

actual average daily balance of allocated

foreign currency required reserves and the

calculated amount of foreign currency required

reserves in the maintenance period 4b)

8 8a 8b 8c 9 10 10 10b 11 12 13 1453.98 - - 53.98 - 16.87 - 199753.98 - - 53.98 - 16.87 - 199856.90 - - 42.02 - 13.13 - 199926.34 - - 42.14 - 13.17 - 200058.69 - - 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 201214.25 10.30 - 12.00 13.00 21.50 - 2.50 7.00 201312.00 10.06 - 5.06 10.50 11.50 20.00 - 2.50 5.50 2014

201412.75 10.08 - 11.00 12.00 20.50 - 2.50 6.00 Sep12.75 10.08 - 11.00 12.00 20.50 - 2.50 6.00 Oct12.00 10.08 - 5.08 10.50 11.50 20.00 - 2.50 5.50 Nov12.00 10.06 - 5.06 10.50 11.50 20.00 - 2.50 5.50 Dec

201512.00 10.05 - 5.05 10.50 11.50 20.00 - 2.50 5.50 Jan12.00 10.03 - 5.03 10.50 11.50 20.00 - 2.50 5.50 Feb11.25 10.00 - 5.00 10.00 11.00 19.50 - 2.50 5.00 Mar10.50 9.99 - 4.99 9.50 10.50 19.00 - 2.50 4.50 Apr

9.75 9.99 - 4.99 8.50 10.00 18.50 - 2.50 4.50 May9.00 9.98 - 4.98 8.00 9.50 18.00 - 2.50 4.00 Jun

11.00 4.97 - 4.97 8.00 - 11.00 4.98 14.00 - 2.50 4.00 Jul10.50 4.96 - 4.96 7.50 - 10.50 4.97 13.50 - 2.50 3.50 Aug10.00 4.95 - 4.95 7.00 - 10.00 4.96 13.00 - 2.50 3.00 Sep

9.50 4.91 - 4.91 6.50 - 9.50 4.93 12.50 - 2.00 2.50 Oct9.50 4.87 - 4.87 6.50 - 9.50 4.89 12.50 - 1.75 2.50 Nov9.50 4.86 - 4.86 6.50 - 9.50 4.87 12.50 - 1.75 2.50 Dec

20169.50 4.80 - 4.80 6.50 - 9.50 4.84 12.50 - 1.75 2.50 Jan9.25 4.77 - 4.77 6.00 - 9.25 4.80 12.25 - 1.75 2.50 Feb9.25 4.75 - 4.75 6.00 - 9.25 4.76 12.25 - 1.75 2.50 Mar9.25 4.74 - 4.74 6.00 - 9.25 4.75 12.25 - 1.75 2.50 Apr9.25 4.73 - 4.73 6.00 - 9.25 4.74 12.25 - 1.75 2.50 May9.25 4.71 - 4.71 6.00 - 9.25 4.71 12.25 - 1.75 2.50 Jun9.00 4.70 - 4.70 5.50 - 9.00 4.70 12.00 - 1.75 2.50 Jul9.00 4.70 - 4.70 5.50 - 9.00 4.70 12.00 - 1.75 2.50 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)

On the amount of

excess liquidity of

banks with

the NBS

Lending interest rates

On emergency liquidity

assistance loans to banks in RSD ¹

On emergency liquidity

assistance loans to banks in EUR ¹

he amount of credits and other lending that have not been repaid

within the agreed or prescribed

period

Deposit 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)


foreign currency required

reserves4)


75


76

Table 1.3.2

Interest Rates on Loans to Household Sector, by Type, Maturity and Purpose – Outstanding Amounts (Per annum rates, in %; end of period)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

2010 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 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 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 17.75 23.09 34.28 27.25 14.94 4.56 4.61 22.53 25.20 19.99 22.00 10.84 6.75 9.45 8.97 18.88 14.24 11.57 12.35

2014 14.69 22.91 30.81 25.85 13.86 4.45 4.48 19.35 25.09 18.47 21.62 12.51 5.80 8.85 8.07 18.37 15.45 11.38 13.04

2015 12.44 22.47 28.24 24.30 11.75 4.14 4.16 16.85 11.65 12.48 12.38 8.53 5.97 7.94 7.32 16.73 8.89 9.34 9.38 14.06 16.54 14.51 15.11 5.59

2014

Sep 14.64 22.76 32.25 26.49 14.18 4.50 4.54 18.85 23.56 18.41 20.29 11.24 6.06 9.00 8.32 17.32 12.76 11.17 11.84

Oct 14.56 23.29 31.93 26.70 14.13 4.77 4.81 19.08 23.30 18.17 20.09 11.41 5.95 8.93 8.21 17.70 12.61 11.17 11.84

Nov 14.62 23.04 31.53 26.35 13.93 4.46 4.50 19.19 23.26 18.13 20.06 11.09 5.90 8.89 8.15 17.69 12.54 11.19 11.86

Dec 14.69 22.91 30.81 25.85 13.86 4.45 4.48 19.35 25.09 18.47 21.62 12.51 5.80 8.85 8.07 18.37 15.45 11.38 13.04

2015

Jan 14.56 22.90 30.71 25.93 13.79 4.38 4.42 18.33 21.66 18.16 19.32 9.07 5.81 8.77 7.95 18.10 10.48 10.80 10.93 16.44 19.70 18.52 18.83 6.58

Feb 15.50 23.22 30.81 26.20 13.69 4.33 4.36 18.21 20.70 18.09 18.98 8.84 5.82 8.74 7.91 17.91 10.44 10.85 10.94 16.28 19.94 18.46 18.87 6.68

Mar 14.55 23.81 30.54 26.45 13.66 4.29 4.32 17.96 19.57 17.94 18.50 8.60 5.92 8.71 7.89 17.74 10.39 11.00 11.02 16.25 19.99 18.71 19.05 6.79

Apr 14.69 23.62 30.03 26.15 13.53 4.23 4.26 17.51 18.40 16.74 17.43 8.60 5.94 8.64 7.79 17.26 10.12 10.67 10.71 16.08 19.58 18.04 18.48 6.83

May 14.67 23.47 29.53 25.84 13.80 4.22 4.25 17.21 17.20 16.61 16.90 8.63 5.96 8.59 7.72 16.97 9.86 10.65 10.59 15.85 19.39 17.87 18.30 6.68

Jun 14.51 22.79 29.06 25.24 13.08 4.21 4.24 16.93 16.18 16.45 16.39 8.52 5.98 8.50 7.64 16.76 9.70 10.60 10.49 15.66 19.00 17.46 17.91 6.54

Jul 13.76 23.23 28.91 25.35 12.98 4.19 4.22 16.76 15.03 14.30 14.86 8.40 5.99 8.44 7.58 16.61 9.45 10.06 10.06 15.28 18.31 16.52 17.06 6.61

Aug 13.46 22.25 28.54 24.62 12.87 4.20 4.22 16.70 14.07 14.13 14.35 8.44 6.00 8.40 7.53 16.54 9.22 10.04 9.95 15.10 18.12 16.40 16.91 6.62

Sep 13.14 23.44 28.15 25.10 12.47 4.19 4.21 16.73 13.25 13.97 13.88 8.35 6.02 8.34 7.49 16.53 9.05 10.02 9.85 14.82 17.83 16.08 16.60 8.26

Oct 12.73 22.73 28.34 24.78 12.30 4.19 4.21 16.78 12.64 12.83 13.06 8.61 6.05 8.28 7.44 16.59 8.91 9.70 9.59 14.48 17.38 15.39 15.99 7.89

Nov 12.57 22.66 28.33 24.67 12.10 4.17 4.19 16.84 12.21 12.66 12.75 8.42 6.04 8.22 7.38 16.68 8.79 9.66 9.50 14.30 17.03 15.02 15.62 7.42

Dec 12.44 22.47 28.24 24.30 11.75 4.14 4.16 16.85 11.65 12.48 12.38 8.53 5.97 7.94 7.32 16.73 8.89 9.34 9.38 14.06 16.54 14.51 15.11 5.59

2016

Jan 12.22 22.38 28.49 24.42 11.58 4.12 4.14 16.82 11.24 11.74 11.82 8.43 5.97 7.87 7.26 16.63 8.69 9.09 9.14 13.95 16.18 14.09 14.70 5.68

Feb 11.97 23.03 28.30 24.69 11.40 4.10 4.11 16.60 10.87 11.52 11.51 10.13 6.05 7.83 7.25 16.44 8.56 9.06 9.06 13.66 15.87 13.79 14.39 5.85

Mar 11.39 22.07 28.49 24.19 11.05 4.06 4.08 16.28 10.52 11.22 11.20 10.15 6.03 7.73 7.15 16.12 8.36 8.99 8.94 12.52 15.56 13.45 14.04 5.47

Apr 10.96 22.16 28.60 24.14 10.84 4.04 4.05 15.89 10.22 10.45 10.68 9.77 6.00 7.62 7.04 15.74 8.18 8.72 8.71 11.65 15.29 13.12 13.70 5.42

May 10.77 22.15 28.80 24.31 10.57 4.02 4.03 15.77 9.76 10.27 10.38 9.79 5.98 7.50 6.94 15.63 7.94 8.61 8.54 11.20 15.08 12.85 13.43 4.36

Jun 10.55 21.91 28.88 24.15 10.27 3.99 4.00 15.45 9.52 10.11 10.20 9.86 5.94 7.39 6.84 15.33 7.76 8.51 8.41 10.77 14.81 12.55 13.12 3.56

Jul 10.30 21.80 28.93 24.03 9.89 3.95 3.96 15.37 9.49 10.24 10.25 9.38 5.92 7.30 6.76 15.24 7.73 8.54 8.43 10.50 14.64 12.46 12.99 3.51

Aug 10.14 21.57 29.00 23.98 9.49 3.93 3.94 15.39 9.26 10.21 10.13 9.39 5.91 7.23 6.71 15.27 7.63 8.53 8.37 10.36 14.44 12.29 12.81 3.71

Over 1 and up

to 5 years

Over 5 years

RSD

Indexed to FX

and FX loans

Total

Housing loans

Over 1 and up

to 5 years

RSD

Up to 1 yearTotal

Cash loans

For years: data from december.

Credit card debt

NOTE:

Total Up to 1 year

Total (1,2 and

3)Over 5 years

Consumer loans

Up to 1 year

Indexed to FX and FX loans

Over 1 and up

to 5 years

Loans to households and NPISH

1) From September 2010 to December 2014, “Other loans” of the household sector included cash and other loans. From January 2015, these two categories of loans are shown separately and “Other loans” refers to other loans only.

Revolving loans

RSD

Up to 1 year Total Total Up to

1 year

Over 1 and up

to 5 years

Over 5 years

Current account overdraft

Total consumer loans

Over 5 years

25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47

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 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 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 201220.23 21.03 19.69 20.17 13.09 12.42 11.06 11.73 17.21 18.75 17.58 17.96 20.19 5.92 10.51 12.16 2013

15.85 17.69 18.01 17.77 11.27 12.19 9.98 10.88 14.44 16.52 16.37 16.29 17.90 5.44 9.67 11.14 2014

5.59 10.03 9.25 13.92 16.38 14.38 14.96 12.37 12.08 14.95 13.24 9.43 10.54 8.22 9.29 11.16 11.26 10.65 10.97 14.74 4.94 8.76 10.04 2015

2014

16.67 18.42 18.06 18.11 11.98 12.43 10.30 11.20 15.05 17.18 16.52 16.65 18.15 5.60 10.08 11.60 Sep

16.18 18.20 17.99 17.96 11.88 12.40 10.24 11.13 14.83 17.05 16.49 16.58 18.00 5.79 10.23 11.74 Oct

15.89 18.04 17.96 17.87 11.32 12.37 10.13 11.00 14.44 16.93 16.46 16.49 17.91 5.50 10.00 11.47 Nov

15.85 17.69 18.01 17.77 11.27 12.19 9.98 10.88 14.44 16.52 16.37 16.29 17.90 5.44 9.67 11.14 Dec

2015

6.63 11.40 10.83 16.22 19.49 18.11 18.47 14.39 12.99 18.82 15.25 11.40 12.37 9.65 10.84 13.24 12.69 12.88 12.84 18.20 5.36 9.85 11.26 Jan

6.58 11.21 10.65 16.08 19.73 18.06 18.52 14.46 13.12 18.86 15.38 11.37 12.22 9.61 10.77 13.33 12.68 12.95 12.88 18.25 5.30 9.94 11.37 Feb

6.41 11.08 10.50 16.06 19.77 18.31 18.70 13.90 13.30 18.87 15.38 11.08 11.98 9.43 10.57 12.87 12.65 12.89 12.79 18.39 5.24 10.01 11.45 Mar

6.35 10.71 10.14 15.91 19.36 17.66 18.14 14.03 13.38 18.16 15.22 10.86 11.80 9.32 10.43 12.88 12.58 12.53 12.60 17.89 5.18 9.82 11.25 Apr

6.09 10.75 10.09 15.66 19.18 17.55 18.01 13.93 13.32 17.93 15.11 10.73 11.65 9.16 10.28 12.76 12.46 12.33 12.43 17.73 5.15 9.77 11.18 May

5.95 10.62 9.93 15.45 18.80 17.17 17.63 13.77 13.00 17.62 14.83 10.70 11.44 8.97 10.12 12.64 12.19 12.14 12.22 17.35 5.12 9.67 11.02 Jun

5.81 10.46 9.74 15.07 18.12 16.27 16.81 13.59 12.83 16.63 14.36 10.49 11.27 8.90 10.01 12.45 12.01 11.75 11.94 16.56 5.08 9.40 10.78 Jul

5.80 10.35 9.64 14.86 17.93 16.15 16.67 13.70 12.70 16.46 14.26 10.34 11.12 8.83 9.90 12.49 11.87 11.66 11.84 16.41 5.07 9.39 10.72 Aug

5.73 10.28 9.55 14.56 17.65 15.86 16.38 13.22 12.53 16.27 14.05 10.13 10.91 8.73 9.76 12.07 11.67 11.56 11.66 16.12 5.05 9.30 10.68 Sep

5.67 10.17 9.42 14.21 17.20 15.21 15.79 12.80 12.27 15.56 13.60 9.92 10.72 8.65 9.63 11.67 11.44 11.21 11.36 15.53 5.03 9.07 10.44 Oct

5.65 10.28 9.45 13.94 16.86 14.87 15.45 12.46 12.16 15.29 13.41 9.57 10.49 8.49 9.44 11.33 11.25 11.01 11.15 15.19 4.99 8.95 10.29 Nov

5.59 10.03 9.25 13.92 16.38 14.38 14.96 12.37 12.08 14.95 13.24 9.43 10.54 8.22 9.29 11.16 11.26 10.65 10.97 14.74 4.94 8.76 10.04 Dec

2016

5.45 9.95 9.12 13.82 16.01 13.97 14.56 11.93 11.96 14.46 12.95 9.20 10.32 8.17 9.15 10.83 11.07 10.43 10.76 14.35 4.90 8.56 9.88 Jan

5.53 10.12 9.24 13.54 15.71 13.69 14.27 11.22 11.76 14.26 12.70 8.97 10.14 8.04 9.01 10.36 10.88 10.32 10.59 14.05 4.86 8.45 9.80 Feb

5.42 9.92 9.02 12.41 15.40 13.36 13.93 10.10 11.59 13.96 12.31 8.64 9.83 7.87 8.78 9.64 10.63 10.11 10.31 13.68 4.81 8.34 9.66 Mar

5.34 9.80 8.89 11.56 15.14 13.04 13.60 9.81 11.38 13.53 11.96 8.17 9.69 7.74 8.62 9.33 10.46 9.88 10.10 13.34 4.77 8.23 9.51 Apr

5.35 9.63 8.72 11.08 14.94 12.78 13.34 9.67 11.15 13.38 11.74 8.19 9.59 7.64 8.53 9.26 10.31 9.76 9.96 13.07 4.74 8.15 9.47 May

5.32 9.44 8.45 10.51 14.68 12.49 13.03 9.58 10.84 13.26 11.49 7.88 9.47 7.50 8.38 9.11 10.11 9.61 9.78 12.78 4.68 8.05 9.33 Jun

5.22 9.36 8.29 10.21 14.51 12.40 12.91 9.40 10.66 13.19 11.34 7.86 9.36 7.41 8.28 8.98 9.98 9.55 9.68 12.65 4.63 8.01 9.26 Jul

5.15 9.24 8.14 10.07 14.31 12.24 12.73 9.30 10.54 13.05 11.21 7.79 9.28 7.32 8.19 8.89 9.88 9.45 9.58 12.48 4.59 7.97 9.23 Aug

Total other loans

Total

Total loans to

households and NPISH(4 and 46)Up to

1 year

Indexed to FX

and Fx loans

(6,15,27 and 39)

Total

Other loans1)

RSD

Over 5 years

RSD(5,11,23 and 35)

Housing, consumer, cash and other loans



Over 1 and up

to 5 years

Total Up to 1 year

Up to 1 yearTotal

Over 1 and up

to 5 years

Over 1 and up

to 5 years

Over 5 years Total

Over 1 and up

to 5 years

Total Up to 1 year

Over 1 and up

to 5 years

Over 5 years

Over 5 years

Cash loans

Indexed to FX and FX loans Total cash loans

Over 5 years


77

Table 1.3.2a

Interest Rates on Loans to Household and Non-Financial Sectors, by Type, Maturity andPurpose – Outstanding Amounts (Per annum rates, in %; 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 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 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 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 17.75 23.09 34.28 27.25 20.19 5.92 10.51 12.16 7.65 15.73 15.21 9.11 9.55 7.82 5.83 15.11 - 14.66

2014 14.69 22.91 30.81 25.85 17.90 5.44 9.67 11.14 6.69 13.34 14.59 7.84 8.47 7.23 5.47 10.55 11.15 11.91

2015 12.44 22.47 28.24 24.30 14.74 4.94 8.76 10.04 5.08 12.02 9.34 5.70 5.70 5.11 5.12 8.24 5.02 9.85

2014

Sep 14.64 22.76 32.25 26.49 18.15 5.60 10.08 11.60 7.06 14.77 14.48 8.36 8.35 7.25 5.52 10.63 9.53 13.25

Oct 14.56 23.29 31.93 26.70 18.00 5.79 10.23 11.74 7.06 14.98 14.53 8.38 8.30 7.38 5.62 10.57 10.14 12.49

Nov 14.62 23.04 31.53 26.35 17.91 5.50 10.00 11.47 6.96 14.72 14.69 8.31 7.90 7.36 5.44 10.50 10.15 11.43

Dec 14.69 22.91 30.81 25.85 17.90 5.44 9.67 11.14 6.69 13.34 14.59 7.84 8.47 7.23 5.47 10.55 11.15 11.91

2015

Jan 14.56 22.90 30.71 25.93 18.20 5.36 9.85 11.26 6.78 14.32 15.23 8.47 7.85 7.07 5.54 10.59 11.61 11.08

Feb 15.50 23.22 30.81 26.20 18.25 5.30 9.94 11.37 7.18 14.05 14.98 8.69 7.92 7.04 5.55 10.61 11.67 11.70

Mar 14.55 23.81 30.54 26.45 18.39 5.24 10.01 11.45 6.88 12.93 15.03 8.41 7.98 6.89 5.48 10.69 11.27 11.76

Apr 14.69 23.62 30.03 26.15 17.89 5.18 9.82 11.25 6.24 12.45 13.65 7.72 7.50 6.74 5.35 10.50 11.16 11.28

May 14.67 23.47 29.53 25.84 17.73 5.15 9.77 11.18 6.26 11.10 12.67 7.64 7.39 6.59 5.35 10.40 10.71 10.63

Jun 14.51 22.79 29.06 25.24 17.35 5.12 9.67 11.02 5.97 11.58 11.67 7.07 7.05 6.36 5.31 10.33 8.44 10.16

Jul 13.76 23.23 28.91 25.35 16.56 5.08 9.40 10.78 5.93 12.24 10.93 6.96 6.92 6.12 5.29 10.21 8.43 10.03

Aug 13.46 22.25 28.54 24.62 16.41 5.07 9.39 10.72 5.91 12.68 10.55 6.88 7.08 5.92 5.26 10.42 8.04 9.85

Sep 13.14 23.44 28.15 25.10 16.12 5.05 9.30 10.68 5.75 11.85 10.17 6.60 6.33 5.75 5.14 9.87 7.03 9.20

Oct 12.73 22.73 28.34 24.78 15.53 5.03 9.07 10.44 5.58 12.18 9.95 6.42 6.04 5.52 5.11 9.48 7.07 9.04

Nov 12.57 22.66 28.33 24.67 15.19 4.99 8.95 10.29 5.45 12.43 9.66 6.21 6.06 5.38 5.21 9.04 6.40 10.05

Dec 12.44 22.47 28.24 24.30 14.74 4.94 8.76 10.04 5.08 12.02 9.34 5.70 5.70 5.11 5.12 8.24 5.02 9.85

2016

Jan 12.22 22.38 28.49 24.42 14.35 4.90 8.56 9.88 5.11 12.07 9.13 5.81 5.55 4.98 4.97 7.80 4.85 8.25

Feb 11.97 23.03 28.30 24.69 14.05 4.86 8.45 9.80 4.82 11.44 8.65 5.47 5.55 4.89 4.91 7.19 4.85 8.18

Mar 11.39 22.07 28.49 24.19 13.68 4.81 8.34 9.66 4.63 10.77 8.59 5.28 5.66 4.74 4.83 6.73 4.52 7.99

Apr 10.96 22.16 28.60 24.14 13.34 4.77 8.23 9.51 4.59 9.72 8.35 5.20 5.48 4.67 4.75 6.30 4.43 7.94

May 10.77 22.15 28.80 24.31 13.07 4.74 8.15 9.47 4.49 11.04 8.24 5.09 5.31 4.61 4.68 6.15 4.42 7.95

Jun 10.55 21.91 28.88 24.15 12.78 4.68 8.05 9.33 4.40 10.66 8.22 4.97 4.88 4.51 4.60 6.02 4.45 7.84

Jul 10.30 21.80 28.93 24.03 12.65 4.63 8.01 9.26 4.32 9.52 7.99 4.85 4.65 4.39 4.54 5.78 4.53 7.75

Aug 10.14 21.57 29.00 23.98 12.48 4.59 7.97 9.23 4.18 11.18 8.13 4.74 4.58 4.32 4.51 5.82 4.65 6.94


NOTE:


Total

Indexed to FX

and Fx loans

Current account overdraft Up to

1 year

Loans by maturity

Over 1 and up

to 5 years

Total loans to

households and NPISH (4 and 7)

Total (9,10

and 11)Over

5 years

RSD

Loans by purpose

1) Does not include revolving loans, credit cards and overdrafts.

RSD

Revolving loans

Credit card debt

Current account overdraft


Total (1,2 and

3)Non-indexed

Loans to non-financial corporations

Revolving loans

Credit card debt


78

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 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 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 2012

14.29 14.68 6.88 7.54 6.32 6.30 6.55 7.59 5.70 5.55 5.60 7.45 7.67 18.46 6.26 8.82 9.63 2013

12.77 10.97 5.65 6.37 5.73 5.54 5.66 6.98 4.65 5.01 4.85 6.83 6.95 14.70 5.53 8.09 8.77 2014

7.56 8.28 4.76 5.35 4.91 4.53 4.77 5.25 3.72 4.43 4.17 5.18 5.24 12.95 4.81 6.83 7.40 2015

2014

12.62 11.23 5.83 6.02 5.79 5.84 5.82 6.96 4.81 5.15 5.01 6.81 6.99 15.48 5.68 8.33 9.11 Sep

13.01 11.18 5.85 5.88 5.80 5.95 5.85 7.06 4.71 5.16 4.98 6.90 7.07 15.29 5.78 8.45 9.22 Oct

12.34 10.89 5.71 6.25 5.68 5.75 5.71 6.92 4.69 4.99 4.85 6.76 6.93 15.07 5.57 8.27 9.02 Nov

12.77 10.97 5.65 6.37 5.73 5.54 5.66 6.98 4.65 5.01 4.85 6.83 6.95 14.70 5.53 8.09 8.77 Dec

2015

12.11 10.84 5.65 6.46 5.61 5.36 5.57 6.80 4.45 4.80 4.63 6.64 6.83 15.11 5.43 8.12 8.86 Jan

12.09 10.90 5.56 6.75 5.65 5.34 5.55 6.79 4.41 4.89 4.66 6.64 6.86 15.24 5.40 8.17 8.92 Feb

12.45 11.04 5.44 8.10 5.56 5.19 5.44 6.69 4.46 4.71 4.60 6.54 6.75 15.48 5.31 8.16 8.91 Mar

11.09 10.65 5.39 8.43 5.47 5.11 5.36 6.47 4.21 4.69 4.50 6.33 6.48 15.16 5.24 7.97 8.69 Apr

10.57 10.44 5.37 7.60 5.41 5.12 5.33 6.36 4.21 4.70 4.51 6.24 6.38 15.08 5.21 7.91 8.63 May

9.91 10.22 5.29 7.56 5.37 4.97 5.25 6.18 4.14 4.61 4.43 6.07 6.18 14.88 5.16 7.76 8.42 Jun

9.81 10.11 5.19 4.53 5.27 4.97 5.18 6.02 4.12 4.57 4.39 5.92 6.03 14.46 5.10 7.55 8.23 Jul

9.60 10.19 5.08 7.00 5.26 4.84 5.11 5.94 3.92 4.37 4.18 5.83 5.94 14.44 5.05 7.48 8.13 Aug

9.08 9.61 4.99 6.48 5.15 4.73 5.00 5.70 3.88 4.41 4.19 5.61 5.72 14.18 4.98 7.33 7.99 Sep

8.63 9.23 4.87 4.34 5.05 4.75 4.92 5.52 3.86 4.40 4.17 5.43 5.54 13.78 4.93 7.13 7.80 Oct

8.02 8.96 4.87 4.28 5.03 4.75 4.91 5.48 3.78 4.34 4.10 5.40 5.49 13.46 4.91 7.06 7.70 Nov

7.56 8.28 4.76 5.35 4.91 4.53 4.77 5.25 3.72 4.43 4.17 5.18 5.24 12.95 4.81 6.83 7.40 Dec

2016

7.14 7.62 4.71 5.42 4.89 4.52 4.74 5.10 3.73 4.39 4.14 5.04 5.13 12.62 4.77 6.68 7.29 Jan

7.22 7.28 4.71 5.52 4.86 4.51 4.73 5.03 3.75 4.03 3.92 4.97 5.03 12.40 4.75 6.60 7.20 Feb

7.36 7.01 4.58 4.78 4.77 4.35 4.62 4.91 3.63 4.19 3.96 4.86 4.91 12.08 4.67 6.52 7.10 Mar

7.06 6.65 4.53 4.89 4.73 4.32 4.58 4.83 3.58 4.23 3.97 4.79 4.84 11.72 4.63 6.43 7.00 Apr

7.05 6.54 4.44 5.02 4.67 4.21 4.51 4.76 3.48 4.09 3.84 4.71 4.76 11.52 4.57 6.36 6.95 May

6.88 6.42 4.27 4.60 4.59 4.12 4.39 4.64 3.40 3.98 3.74 4.59 4.64 11.31 4.48 6.25 6.82 Jun

6.34 6.13 4.08 4.63 4.54 4.09 4.29 4.52 3.37 3.95 3.71 4.48 4.53 11.11 4.40 6.17 6.72 Jul

5.99 6.01 4.03 4.72 4.50 4.05 4.25 4.47 3.22 3.81 3.56 4.43 4.47 10.96 4.35 6.14 6.69 Aug


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)1)

RSD

Total loans to

households including

NPISH, and non-financial corporations(8 and 31)

Total indexed to FX

and FXloans to


NPISH, and non-financial corporations

(6,25 and 29)1)

Total loans to


NPISH, and non-financial corporations (7 and 30)1)Imports Total

FX

Other

Indexed to FX

Loans by purpose

Total(20 and 25)

Non-indexed


79


80

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

2010 20.82 5.56 5.62 6.32 - - - 22.61 - - - 9.67 - - - 15.64 16.35 - - - -

2011 20.79 4.95 4.99 5.86 - - - 22.67 - - - 9.66 - - - 16.21 17.10 - - - -

2012 16.14 5.18 5.67 6.41 17.17 27.10 20.38 22.42 9.72 6.54 9.48 7.71 17.02 17.84 16.66 17.32 18.68 - - - -

2013 16.66 4.91 5.03 5.77 12.79 27.36 21.17 22.22 9.58 6.63 6.90 6.85 12.29 15.19 12.05 13.60 14.83 - - - -

2014 14.93 4.79 4.87 5.65 15.47 23.36 17.74 19.74 8.10 5.41 7.43 6.24 15.42 14.52 12.63 13.99 15.13 - - - -

2015 11.42 3.95 3.97 4.78 14.57 11.66 13.07 12.67 8.24 6.18 6.90 6.37 14.56 9.55 10.93 10.71 11.41 14.76 16.68 12.05 15.49

2014

Sep 14.35 4.77 4.88 5.62 17.08 22.70 16.39 19.49 8.92 5.90 7.05 6.49 17.05 17.19 12.20 15.38 16.54

Oct 13.84 4.68 4.78 5.54 16.92 22.76 16.64 19.00 8.03 5.59 8.28 7.31 16.91 13.84 11.16 12.83 13.59

Nov 13.09 4.63 4.71 5.55 17.20 23.57 17.69 19.95 6.02 5.39 7.58 5.76 17.13 14.79 15.66 15.48 16.46

Dec 15.79 4.67 4.70 5.51 17.38 25.00 16.29 20.26 0.64 5.22 7.07 5.61 17.20 17.76 14.66 16.66 18.17

2015

Jan 15.31 4.50 4.51 5.38 17.04 14.96 16.82 15.98 10.14 5.80 6.85 5.96 17.03 11.03 14.27 12.95 13.89 16.74 19.66 14.27 18.34

Feb 12.72 4.77 4.79 5.49 16.59 13.48 16.85 15.03 8.84 5.48 6.89 6.04 16.58 9.77 10.69 11.21 12.14 15.72 19.43 14.47 18.31

Mar 14.49 3.95 3.97 4.65 16.05 12.83 16.36 14.56 6.32 6.37 7.51 6.58 16.01 9.93 13.87 11.94 12.53 16.18 18.95 13.55 18.28

Apr 14.81 3.51 3.52 4.21 15.81 13.50 15.28 14.58 7.57 6.18 7.00 6.34 15.76 9.49 12.46 11.15 11.74 16.13 18.33 12.38 17.48

May 13.26 3.98 3.99 4.88 14.45 12.66 15.16 13.53 10.36 6.17 6.84 6.31 14.45 9.62 11.39 10.71 11.43 15.03 18.03 13.13 17.21

Jun 11.80 3.86 3.88 4.74 14.64 11.83 14.88 13.14 8.31 6.23 6.46 6.29 14.63 9.46 11.39 10.77 11.46 14.22 17.27 12.47 16.55

Jul 10.43 3.82 3.84 4.57 14.55 11.46 12.27 12.43 7.50 6.49 7.07 6.67 14.54 9.69 10.32 10.72 11.37 14.29 16.39 11.87 15.65

Aug 11.15 4.01 4.02 4.88 14.00 10.10 12.12 11.38 9.01 6.33 6.75 6.43 13.98 8.86 10.43 10.04 10.71 14.29 16.40 12.34 15.67

Sep 10.05 4.17 4.19 4.95 13.45 10.56 12.14 11.45 8.27 6.24 6.86 6.44 13.43 9.30 10.18 10.11 10.76 13.90 16.27 11.75 15.24

Oct 9.35 3.96 3.99 4.95 13.49 11.31 10.91 11.65 9.82 6.45 6.90 6.58 13.48 9.77 9.79 10.33 11.07 12.89 15.22 11.35 13.45

Nov 9.81 3.93 3.94 4.92 12.93 10.86 10.39 11.19 - 6.07 6.70 6.24 12.93 9.36 9.47 9.98 10.71 12.14 13.95 10.86 12.58

Dec 6.72 3.78 3.79 4.71 13.22 10.33 10.51 11.00 9.49 6.00 7.07 6.29 13.21 9.18 9.66 9.98 10.66 13.10 13.32 10.28 12.11

2016

Jan 7.85 3.76 3.77 4.84 11.59 8.70 9.78 9.63 8.39 5.78 6.41 5.97 11.58 7.99 9.02 8.92 9.55 13.11 13.52 9.97 12.34

Feb 7.29 3.63 3.63 4.73 14.85 8.68 9.76 10.05 9.54 6.19 6.36 6.25 14.81 8.00 9.11 9.25 9.87 10.84 13.44 10.17 12.19

Mar 7.42 3.82 3.83 4.67 15.35 8.86 9.28 10.01 10.30 6.06 6.13 6.10 15.31 7.84 8.56 8.93 9.55 9.91 13.58 10.06 11.93

Apr 6.77 3.52 3.54 4.39 15.26 9.13 8.43 9.77 7.56 5.54 5.88 5.65 15.20 7.47 7.74 8.34 8.92 9.55 13.41 9.84 11.72

May 6.95 3.47 3.48 4.30 15.18 7.39 8.49 8.97 8.64 5.77 5.06 5.51 15.13 6.78 7.21 7.81 8.46 10.35 13.13 9.43 10.92

Jun 6.66 3.47 3.48 4.27 15.11 8.88 8.61 9.94 9.39 5.48 6.07 5.66 15.10 7.59 7.89 8.66 9.39 9.91 12.60 9.05 10.68

Jul 7.35 3.35 3.36 4.21 15.15 10.39 9.29 11.02 5.47 5.35 6.25 5.64 15.08 8.57 8.48 9.53 10.33 9.99 12.74 9.47 11.21

Aug 6.89 3.29 3.30 4.17 15.55 8.22 9.75 9.96 6.96 5.50 6.36 5.79 15.51 7.57 8.96 9.11 9.80 10.29 12.76 9.51 11.33

Cash loans

Over 1 and up

to 5 years

Over 5 years

NOTE:

1) From September 2010 to December 2014, “Other loans” of the household sector included cash and other loans. From January 2015, these two categories of loans are shown separately and “Other loans” refers to other loans only.

Over 5 years

Housing loans

RSD


Up to 1 year

Over 1 and up

to 5 years

Over 5 years Total

Indexed to FX

and FX loans

Housing loans -

effective interest rate for

statistical purposes

Over 5 years Total

Consumer loans -

effective interest rate for

statistical purposes

Total

For years: weighted average interest rate for 12 months, except for 2010 where weighted average interest rate is given for the last four months of the year and 2012 where January is missing from the weighted average interest rate in columns 5, 6, 7, 9, 10, 11, 13, 14, 15, 30, 31, 32, 34, 35, 36, 38, 39 40.

RSD

Over 1 and up

to 5 years

Over 1 and up

to 5 years

Total Up to 1 year

Up to 1 year

Consumer loans

Total consumer loans

Up to 1 year

Total

RSD Indexed to FX and FX loans

Table 1.3.3

Interest Rates on Loans to Household Sector, by Type, Maturity and Purpose – NewBusiness (Per annum rates, in %; period average)

22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44

- - - - - - - - - - - 18.67 - - - 13.05 - - - 17.28 18.93 8.29 13.72 2010

- - - - - - - - - - - 20.47 - - - 13.21 - - - 18.51 20.59 7.40 13.20 2011

- - - - - - - - 16.44 21.44 20.56 20.44 12.56 12.58 10.80 12.10 15.48 19.28 19.12 18.71 20.43 7.79 15.32 2012

- - - - - - - - 20.49 21.49 19.60 20.44 12.58 12.02 9.42 11.43 18.23 19.02 18.29 18.58 20.48 7.92 15.90 2013

- - - - - - - - 15.30 17.38 17.34 17.15 10.93 12.04 8.81 10.87 13.98 16.53 16.60 16.24 17.23 7.40 14.44 2014

6.70 4.98 6.39 5.91 14.50 16.50 14.70 15.35 14.34 13.69 16.09 14.55 9.25 9.71 6.93 8.76 12.32 11.53 11.22 11.58 15.21 5.91 12.21 2015

2014

14.70 16.79 16.92 16.63 8.12 13.51 7.99 10.07 12.86 16.47 16.24 15.89 16.73 7.29 14.74 Sep

14.49 16.79 16.83 16.53 10.89 12.90 8.88 11.18 13.87 16.37 16.26 15.99 16.62 7.16 14.28 Oct

15.01 17.19 16.80 16.77 11.04 13.02 8.11 10.96 14.06 16.64 16.00 16.03 16.90 6.97 14.12 Nov

15.30 16.68 16.82 16.59 11.74 10.16 8.39 9.98 14.23 15.05 15.74 15.24 16.87 6.85 13.15 Dec

2015

5.07 4.66 4.78 4.78 16.63 19.50 16.95 17.76 22.38 19.00 15.95 18.89 10.80 11.65 7.42 9.88 17.79 14.29 11.87 14.32 18.34 6.62 14.27 Jan

4.72 5.35 7.47 6.96 15.51 19.22 17.41 17.98 20.29 19.60 18.28 19.70 10.61 10.83 8.59 10.22 17.55 13.29 13.40 15.08 18.47 6.92 14.47 Feb

5.82 5.38 6.68 6.06 16.00 18.69 17.82 18.07 14.92 17.58 19.01 17.32 9.74 8.23 6.93 7.97 12.78 11.56 11.19 11.65 17.89 6.56 13.55 Mar

5.88 5.18 6.90 6.24 15.96 18.10 16.81 17.26 15.87 18.02 17.21 17.28 9.70 10.77 6.75 9.33 12.91 13.67 11.95 12.94 17.30 5.20 12.38 Apr

5.27 5.04 7.10 5.91 14.82 17.75 16.71 17.04 12.14 13.97 17.71 14.66 9.24 10.92 6.37 9.01 11.05 12.32 11.14 11.69 16.68 5.86 13.13 May

5.78 5.23 7.22 6.38 13.98 17.11 16.16 16.40 11.11 11.74 17.28 12.94 9.31 10.44 6.98 9.14 10.42 11.17 11.62 11.19 15.80 5.62 12.47 Jun

5.92 4.45 5.97 5.31 13.95 16.20 15.12 15.50 11.15 12.41 16.99 13.52 8.04 10.64 7.15 9.24 9.84 11.57 12.31 11.52 15.18 5.39 11.87 Jul

4.63 5.05 6.42 5.69 14.15 16.26 15.16 15.56 12.29 12.52 15.40 13.46 8.55 11.02 7.58 9.85 10.94 11.76 12.27 11.81 15.09 6.01 12.34 Aug

9.53 4.82 7.15 7.09 13.47 16.08 14.60 15.10 10.87 12.60 15.46 13.07 8.41 9.46 6.43 8.41 9.77 11.10 11.07 10.86 14.68 5.68 11.75 Sep

5.33 4.70 5.70 5.19 12.66 15.08 12.52 13.37 10.13 12.17 15.11 12.50 8.42 9.44 7.04 8.54 9.45 10.85 10.95 10.61 13.20 6.04 11.35 Oct

4.75 4.85 6.38 5.22 11.68 13.82 11.94 12.52 10.61 12.13 13.82 12.32 8.24 8.93 6.79 8.14 9.68 10.44 10.05 10.19 12.48 5.97 10.86 Nov

5.92 4.91 5.69 5.33 12.92 13.21 11.49 12.05 11.15 12.09 12.32 12.04 8.86 8.64 6.44 7.94 9.99 10.20 9.19 9.83 12.05 5.79 10.28 Dec

2016

7.37 3.92 4.38 4.08 13.06 13.27 11.73 12.25 10.26 11.11 12.57 11.49 7.80 8.58 6.53 7.78 9.06 9.90 9.61 9.70 12.07 5.32 9.97 Jan

4.86 3.88 3.51 3.81 10.74 13.29 11.59 12.12 9.61 10.52 12.47 10.93 7.27 8.67 5.52 7.36 8.70 9.67 8.76 9.24 11.87 5.39 10.17 Feb

4.92 4.31 5.33 4.86 9.82 13.45 11.33 11.86 9.03 11.74 11.29 10.67 7.73 7.64 5.32 6.80 8.73 9.51 8.61 9.00 11.60 5.31 10.06 Mar

5.29 4.21 5.47 4.95 9.50 13.30 11.16 11.67 9.56 10.83 11.46 10.65 6.44 8.67 5.24 7.06 8.66 9.78 8.77 9.15 11.44 5.05 9.84 Apr

2.97 4.76 3.31 3.65 10.08 13.07 10.17 10.88 8.99 9.28 11.96 9.92 7.66 8.84 5.35 7.29 8.62 9.08 8.51 8.79 10.69 5.08 9.43 May

3.08 4.56 3.98 3.75 9.28 12.53 10.05 10.62 8.59 8.57 11.89 9.34 7.01 8.84 5.22 7.37 8.14 8.67 8.99 8.62 10.45 4.64 9.05 Jun

3.64 3.80 4.36 3.79 9.69 12.61 10.70 11.16 8.90 9.65 12.03 10.17 7.86 9.10 5.60 7.75 8.53 9.43 9.44 9.23 11.06 4.62 9.47 Jul

4.61 4.29 4.77 4.50 10.02 12.66 10.84 11.29 8.99 9.76 11.55 10.20 7.71 8.98 4.59 6.97 8.60 9.43 8.43 8.88 11.13 4.48 9.51 Aug


Other loans1)

Total

Total other loans

Total


RSD (1,8,21 and 33)

Indexed to FX

and Fx loans

(2,12,25 and 37)

RSD

Over 1 and up

to 5 years

Over 5 years Total Up to

1 yearUp to 1 year

Over 1 and up

to 5 years

Over 5 years Total


Cash loans

Indexed to FX and FX loans Total cash loans

Over 1 and up

to 5 years


1 year

Over 1 and up

to 5 years

Over 1 and up

to 5 years

Over 5 years


1 yearUp to 1 year


81

Table 1.3.3a

Interest Rates on Loans to Household and Non-Financial Sectors, by Type, Maturity andPurpose – New Business (Per annum rates, in %; period average)

Current assets

Exports Investment Other Total Current assets

Exports Investment Other Total

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

2010 18.93 8.29 13.72 - - - 18.05 13.28 12.72 13.97 16.43 9.23 9.38 7.18 9.44 8.71 12.07 8.17 8.37 8.22 11.92

2011 20.59 7.40 13.20 - - - 18.24 15.36 14.70 15.86 17.40 8.52 6.23 7.90 8.96 8.35 11.44 9.15 6.89 8.54 11.36

2012 20.43 7.79 15.32 13.28 9.64 7.28 17.50 15.89 14.95 16.32 16.96 8.56 8.06 7.30 8.23 8.17 11.05 8.36 7.54 7.90 10.88

2013 20.48 7.92 15.90 11.21 8.42 6.05 17.63 17.06 16.34 15.21 16.35 7.48 7.13 6.69 6.96 7.16 9.54 6.41 6.52 6.46 9.40

2014 17.23 7.40 14.44 8.14 7.46 5.26 10.65 9.07 10.79 12.58 11.02 5.74 7.75 5.59 5.86 5.74 7.60 4.93 4.83 4.89 7.44

2015 15.21 5.91 12.21 6.39 5.15 4.84 8.92 7.39 8.42 9.39 9.04 4.75 6.66 5.12 4.64 4.87 5.60 3.46 4.59 3.99 5.52

2014

Sep 16.73 7.29 14.74 8.61 8.67 5.06 10.41 - 10.19 13.34 11.06 6.26 - 5.71 5.81 6.07 8.41 5.39 5.83 5.45 8.34

Oct 16.62 7.15 14.28 8.28 8.24 5.59 10.60 - 13.01 14.98 11.34 5.60 - 6.35 5.85 5.85 8.21 5.43 2.63 4.24 8.04

Nov 16.90 6.97 14.12 7.97 7.77 4.80 10.60 - 10.49 10.96 10.68 5.57 7.08 5.03 5.75 5.51 7.77 4.89 4.60 4.81 7.44

Dec 16.87 6.85 13.15 7.35 6.52 5.08 10.60 - 10.38 12.68 10.89 4.99 10.17 4.92 4.92 4.96 6.68 4.16 5.79 4.19 6.57

2015

Jan 18.34 6.62 14.27 6.44 4.77 4.50 11.53 - 14.30 10.32 10.94 4.51 - 4.38 4.46 4.45 6.03 3.12 3.86 3.34 5.56

Feb 18.47 6.92 14.47 7.41 5.36 6.02 13.70 - 11.81 13.51 13.60 5.02 - 6.44 5.13 5.37 6.60 3.34 4.38 3.66 6.50

Mar 17.89 6.56 13.55 8.61 6.56 5.61 14.33 11.08 13.29 13.28 13.80 5.62 - 5.88 6.57 5.97 7.18 5.97 5.97 5.97 7.17

Apr 17.30 5.20 12.38 7.06 5.68 4.75 12.05 10.10 12.59 12.41 12.20 5.31 - 5.07 4.90 5.09 5.78 4.00 5.59 4.74 5.77

May 16.68 5.86 13.13 6.75 5.80 5.08 11.69 - 12.80 10.85 11.27 5.32 6.72 5.34 5.27 5.32 6.12 3.97 4.60 4.21 6.02

Jun 15.80 5.62 12.47 6.39 5.25 5.11 10.79 12.68 10.49 9.27 10.17 4.68 6.28 5.38 4.28 4.87 5.64 3.29 3.57 3.39 5.59

Jul 15.18 5.39 11.87 6.65 5.12 5.45 9.52 - 8.80 9.45 9.35 4.88 - 5.28 5.22 5.11 5.60 4.45 5.10 4.63 5.57

Aug 15.09 6.01 12.34 6.03 4.90 4.86 8.81 - 8.78 9.56 9.13 4.61 - 5.03 4.24 4.69 5.45 3.19 4.25 3.72 5.30

Sep 14.68 5.68 11.75 6.16 4.98 3.99 8.34 - 7.53 8.68 8.29 4.49 - 4.81 3.80 4.53 5.27 3.77 5.55 4.09 5.25

Oct 13.20 6.04 11.35 5.33 4.71 4.59 6.96 - 8.26 8.58 7.51 4.37 - 4.55 4.08 4.35 4.89 3.41 5.03 4.44 4.88

Nov 12.48 5.97 10.86 5.42 4.92 4.91 6.33 - 8.11 7.34 6.69 4.28 - 5.13 4.28 4.70 5.25 3.24 4.00 3.47 5.10

Dec 12.05 5.79 10.28 5.33 4.58 3.92 6.06 5.01 7.23 6.44 6.24 4.41 - 4.41 3.58 4.20 4.73 2.92 4.90 4.66 4.73

2016

Jan 12.07 5.32 9.97 5.21 4.08 4.46 6.00 4.61 6.41 5.93 5.92 3.64 - 4.40 4.62 4.11 4.55 3.69 3.14 3.42 4.46

Feb 11.87 5.39 10.17 5.30 4.21 4.24 4.92 4.41 7.08 7.13 5.74 3.84 - 4.64 3.92 4.18 4.54 2.61 4.65 2.95 4.51

Mar 11.60 5.31 10.06 5.47 4.34 4.50 6.12 4.39 8.07 7.15 6.57 4.46 1.97 4.27 3.67 4.31 4.87 2.88 2.36 2.45 4.63

Apr 11.44 5.05 9.84 4.91 4.23 3.72 5.68 - 7.59 7.40 6.20 3.41 - 4.03 3.85 3.69 4.37 2.51 4.88 3.46 4.34

May 10.69 5.08 9.43 5.00 4.08 3.46 5.95 4.39 7.42 7.55 6.42 3.43 - 3.85 3.36 3.56 4.20 3.21 4.29 3.74 4.18

Jun 10.45 4.64 9.05 4.29 3.78 4.10 5.92 4.50 7.68 7.50 6.59 3.48 1.97 3.94 3.58 3.63 4.11 2.54 2.58 2.56 4.06

Jul 11.06 4.62 9.47 4.11 3.15 3.75 4.89 - 6.97 5.89 5.31 2.73 - 3.73 3.26 3.07 3.57 2.88 2.84 2.86 3.54

Aug 11.13 4.48 9.51 4.81 3.60 3.61 6.31 - 6.38 6.13 6.26 3.26 - 3.82 3.33 3.40 4.20 2.56 2.33 2.45 4.04

RSD


Loans by purpose

Over 5

years Total

Total(17 and 20 = 4,5 and 6)

Indexed to FXNon-indexed

FX

OtherImports

For years: weighted average interest rate for 12 months, except for 2010 where weighted average interest rate is given for the last four months of the year and 2012 where January is missing from the weighted average interest rate in columns 4, 5 6.

Up to 1 year

Over 1 and up

to 5 years

Total(11 and

16)

NOTE:


Total


Indexed to FX

and Fx loans

1) Does not include revolving loans, credit cards and overdrafts.

RSD


82

22 23 24

16.98 8.61 12.25 2010

18.36 8.15 11.82 2011

18.06 8.11 11.74 2012

18.34 7.23 11.12 2013

13.89 5.91 9.44 2014

12.70 4.95 7.30 2015

2014

13.83 6.26 10.61 Sep

13.95 5.99 10.21 Oct

13.49 5.65 9.50 Nov

12.60 5.07 7.56 Dec

2015

14.60 4.48 7.57 Jan

16.75 5.53 8.80 Feb

16.50 6.08 9.24 Mar

15.71 5.10 7.50 Apr

15.11 5.34 8.29 May

13.52 4.92 7.23 Jun

13.18 5.12 7.11 Jul

12.82 4.75 7.18 Aug

11.74 4.66 6.88 Sep

11.24 4.55 6.83 Oct

9.90 4.74 6.80 Nov

8.84 4.39 5.92 Dec

2016

9.30 4.21 6.03 Jan

9.29 4.30 6.18 Feb

9.54 4.22 6.24 Mar

9.19 3.87 6.07 Apr

9.07 3.74 5.80 May

9.14 3.69 5.49 Jun

8.64 3.23 5.21 Jul

9.07 3.44 5.75 Aug

Total loans to


NPISH, and non-

financial corporations (3 and 21)1)

Total indexed to FX

and FXloans to


NPISH, and non-financial corporations

(2,16 and 20)1)

Total non-indexed

loans to households

including NPISH, and non-financial corporations (1 and 11)1)


83

Table 1.3.4

Interest Rates on Deposits from Household and Non-Financial Sectors, by Maturity – Outstanding Amounts (Per annum rates, in %; 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 Total

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 172010 1.03 - - 13.85 12.04 - - 3.82 5.60 - - 3.93 5.74 4.54 2.26 - -

2011 0.70 - - 15.23 11.44 - - 5.08 5.10 - - 5.17 5.27 4.08 2.32 - -

2012 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 0.56 9.28 11.31 11.33 9.47 3.10 4.08 4.65 3.47 3.42 4.26 4.71 3.72 2.74 2.18 7.84 16.95

2014 0.38 7.11 8.32 8.97 7.27 1.76 2.62 3.34 2.20 2.10 2.74 3.42 2.45 1.66 1.73 6.89 5.98

2015 0.31 5.17 6.15 8.76 5.69 1.03 1.33 2.67 1.53 1.39 1.55 2.80 1.78 1.10 0.62 3.14 4.55

2014

Sep 0.54 7.74 10.31 9.14 7.95 2.45 3.32 4.12 2.85 2.78 3.54 4.18 3.11 2.21 1.80 6.71 8.02

Oct 0.47 7.65 10.18 9.02 7.86 2.33 3.26 4.08 2.76 2.67 3.47 4.15 3.02 2.09 1.76 6.63 7.70

Nov 0.43 7.15 8.52 8.95 7.31 1.88 2.78 3.63 2.36 2.23 2.91 3.70 2.61 1.79 1.63 6.40 6.95

Dec 0.38 7.11 8.32 8.97 7.27 1.76 2.62 3.34 2.20 2.10 2.74 3.42 2.45 1.66 1.73 6.89 5.98

2015

Jan 0.38 7.25 8.46 9.36 7.44 1.71 2.53 3.36 2.16 2.04 2.66 3.44 2.40 1.65 1.34 6.80 6.32

Feb 0.38 7.16 8.37 9.32 7.35 1.61 2.47 3.31 2.08 1.95 2.60 3.39 2.33 1.58 1.46 7.16 6.32

Mar 0.37 7.07 8.09 9.25 7.28 1.56 2.26 3.27 2.03 1.90 2.42 3.35 2.27 1.54 1.26 6.85 6.75

Apr 0.36 6.99 7.48 9.23 7.17 1.53 2.14 3.26 2.00 1.87 2.34 3.35 2.25 1.51 1.14 6.18 6.49

May 0.35 6.87 7.35 9.08 7.07 1.49 2.03 3.22 1.96 1.84 2.25 3.31 2.22 1.47 1.05 5.77 6.34

Jun 0.34 6.76 7.19 9.07 6.97 1.45 1.93 3.19 1.93 1.80 2.16 3.29 2.19 1.43 0.83 5.00 5.95

Jul 0.34 6.62 7.22 8.91 6.88 1.40 1.83 3.18 1.90 1.76 2.06 3.29 2.16 1.40 1.10 4.88 5.91

Aug 0.34 6.43 7.14 8.90 6.73 1.35 1.76 3.14 1.85 1.71 1.99 3.25 2.11 1.36 0.91 4.54 5.58

Sep 0.33 6.25 7.10 8.89 6.58 1.33 1.71 3.11 1.83 1.68 1.94 3.23 2.09 1.34 0.78 4.08 5.30

Oct 0.31 6.00 6.97 8.87 6.38 1.30 1.65 3.12 1.81 1.65 1.89 3.24 2.07 1.30 0.69 3.50 5.24

Nov 0.32 5.44 6.50 8.78 5.94 1.11 1.40 2.82 1.62 1.47 1.62 2.95 1.88 1.17 0.68 3.30 5.27

Dec 0.31 5.17 6.15 8.76 5.69 1.03 1.33 2.67 1.53 1.39 1.55 2.80 1.78 1.10 0.62 3.14 4.55

2016

Jan 0.30 4.92 6.06 8.73 5.50 0.98 1.29 2.59 1.48 1.34 1.51 2.73 1.72 1.06 0.57 3.13 4.52

Feb 0.30 4.75 5.93 8.70 5.36 0.94 1.25 2.54 1.44 1.29 1.47 2.68 1.69 1.03 0.52 2.95 4.59

Mar 0.26 4.53 5.88 8.66 5.19 0.91 1.24 2.49 1.41 1.24 1.46 2.64 1.65 0.98 0.59 2.88 3.91

Apr 0.26 4.35 5.79 8.61 5.01 0.89 1.23 2.40 1.37 1.21 1.43 2.55 1.60 0.94 0.50 2.79 3.45

May 0.26 4.17 5.67 8.59 4.87 0.85 1.21 2.35 1.34 1.16 1.42 2.51 1.56 0.91 0.46 2.70 3.41

Jun 0.22 4.05 5.59 8.52 4.76 0.83 1.20 2.31 1.31 1.12 1.40 2.46 1.53 0.86 0.46 2.76 3.22

Jul 0.21 3.96 5.52 8.42 4.67 0.80 1.16 2.29 1.28 1.09 1.37 2.45 1.50 0.83 0.45 2.69 3.01

Aug 0.21 3.89 5.43 8.28 4.58 0.76 1.15 2.24 1.24 1.06 1.36 2.40 1.46 0.80 0.46 2.69 3.02

RSD

Term

Total Term

Deposits from households and NPISH

Indexed to FX and FX depositsOvernight and

redeemable at notice

TermTotal deposits

from households

and NPISH

(1 and 13)

Overnight and

redeemable at notice

RSD


NOTE:

Deposits from non-financial corporations


84

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

18 19 20 21 22 23 24 25 26 27 28 29 30 31 32

31.73 12.02 - - 2.36 3.61 - - 9.16 6.88 4.76 12.02 5.24 6.04 4.61 2010

16.89 10.65 - - 3.40 3.65 - - 6.78 6.74 4.45 10.76 4.86 5.65 4.21 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 2012

6.73 8.07 2.48 2.61 2.02 2.45 5.13 5.47 2.49 5.00 3.35 8.43 3.33 3.99 2.93 2013

6.52 6.87 1.51 1.23 1.26 1.46 4.57 2.45 1.89 4.35 2.76 6.96 2.11 2.88 2.01 2014

4.85 3.24 0.93 0.97 0.91 0.93 2.32 2.14 1.58 2.24 1.18 3.83 1.45 1.90 1.12 2015

2014

6.06 6.72 1.68 1.74 1.17 1.62 4.34 2.91 1.61 4.09 2.59 7.08 2.70 3.31 2.33 Sep

5.92 6.64 1.64 1.55 1.11 1.57 4.36 2.74 1.57 4.12 2.65 6.97 2.61 3.26 2.27 Oct

6.07 6.41 1.62 1.45 1.11 1.55 4.21 2.55 1.57 3.96 2.52 6.65 2.25 2.90 2.02 Nov

6.52 6.87 1.51 1.23 1.26 1.46 4.57 2.45 1.89 4.35 2.76 6.96 2.11 2.88 2.01 Dec

2015

6.46 6.78 1.50 1.19 1.31 1.45 4.35 2.71 1.80 4.11 2.40 6.95 2.07 2.77 1.88 Jan

6.62 7.13 1.46 1.18 1.27 1.42 4.71 2.71 1.83 4.44 2.63 7.18 2.00 2.79 1.91 Feb

5.95 6.83 1.39 1.15 1.24 1.36 4.42 2.92 1.92 4.20 2.37 6.94 1.94 2.70 1.80 Mar

6.08 6.19 1.28 1.16 1.20 1.27 3.90 3.11 1.86 3.73 2.10 6.44 1.91 2.58 1.70 Apr

6.06 5.80 1.27 1.13 1.17 1.25 3.68 2.79 1.86 3.51 1.95 6.13 1.87 2.51 1.62 May

5.96 5.06 1.19 1.08 1.17 1.18 3.28 2.81 1.93 3.16 1.63 5.57 1.84 2.39 1.49 Jun

5.79 4.95 1.21 1.08 1.13 1.19 3.39 2.79 1.86 3.24 1.84 5.44 1.81 2.39 1.54 Jul

5.76 4.62 1.19 1.12 1.10 1.17 3.14 2.57 1.92 3.00 1.59 5.20 1.77 2.30 1.43 Aug

5.66 4.17 1.05 1.11 1.05 1.06 2.81 2.49 1.85 2.71 1.42 4.82 1.73 2.23 1.36 Sep

5.21 3.61 1.12 0.97 1.07 1.09 2.59 2.29 1.81 2.51 1.27 4.33 1.73 2.17 1.29 Oct

4.95 3.43 1.10 0.98 0.96 1.06 2.47 2.24 1.66 2.38 1.21 4.11 1.56 1.98 1.18 Nov

4.85 3.24 0.93 0.97 0.91 0.93 2.32 2.14 1.58 2.24 1.18 3.83 1.45 1.90 1.12 Dec

2016

4.79 3.26 0.92 0.95 0.92 0.92 2.23 2.19 1.58 2.16 1.10 3.89 1.41 1.82 1.07 Jan

4.70 3.09 0.89 0.91 0.90 0.89 2.11 2.04 1.55 2.05 1.01 3.76 1.37 1.77 1.02 Feb

4.66 2.99 0.84 0.86 0.86 0.84 2.06 1.71 1.52 1.98 1.01 3.64 1.34 1.72 0.99 Mar

4.66 2.89 0.81 0.82 0.86 0.82 1.99 1.63 1.63 1.93 0.95 3.49 1.30 1.68 0.94 Apr

4.50 2.80 0.84 0.81 0.88 0.84 1.99 1.63 1.68 1.94 0.92 3.35 1.27 1.65 0.91 May

4.34 2.85 0.92 0.80 0.86 0.90 1.96 1.53 1.65 1.89 0.88 3.41 1.25 1.61 0.87 Jun

4.41 2.78 0.93 0.79 0.81 0.90 1.95 1.46 1.64 1.89 0.86 3.32 1.22 1.59 0.84 Jul

4.30 2.77 0.92 0.72 0.80 0.88 1.97 1.48 1.64 1.91 0.88 3.26 1.19 1.57 0.83 Aug

RSD (5 and 19)

Total deposits from


NPISH, and non-financial corporations(14 and 28)

Total term deposits from households, NPISH and non-

financial corporates

Indexed to FX

and FX deposits

(9 and 23)

Total

RSD


Total deposits from non-financial

corporations

(15 and 27)

Term

Total TermIndexed to FX and FX deposits


85


86

Table 1.3.5

Interest Rates on Deposits from Household and Non-Financial Sectors, by Maturity – New Business(Per annum rates, in %; period average)

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

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

2010 10.09 14.93 8.06 11.13 5.39 6.99 2.46 5.49 5.50 7.38 2.48 5.65 10.15 10.19

2011 10.83 11.68 11.18 10.84 4.55 5.09 3.90 4.59 4.83 5.13 3.94 4.82 11.60 13.50

2012 9.89 10.87 11.51 9.91 4.30 4.61 5.16 4.37 4.58 4.69 5.18 4.63 9.96 15.29

2013 9.26 11.76 12.15 9.32 3.01 3.57 3.74 3.09 3.57 3.86 3.80 3.60 9.22 12.97

2014 7.13 8.13 8.84 7.16 1.77 2.39 2.70 1.93 2.55 2.53 2.79 2.57 6.85 4.71

2015 5.39 6.08 7.32 5.51 0.98 1.26 1.74 1.14 1.93 1.54 1.99 1.84 4.88 5.66

2014

Sep 6.28 4.02 8.97 6.27 1.51 2.05 2.26 1.59 2.49 2.14 2.37 2.47 6.48 0.06

Oct 6.50 6.74 6.47 6.50 1.48 1.92 2.24 1.56 2.34 2.04 2.34 2.33 6.43 7.06

Nov 7.01 8.05 7.50 7.06 1.65 1.99 2.44 1.79 2.03 2.14 2.51 2.10 6.33 2.52

Dec 6.43 7.86 8.43 6.51 1.39 1.86 2.49 1.68 1.97 1.98 2.55 2.09 6.86 3.72

2015

Jan 6.17 8.10 8.44 6.24 1.20 1.82 2.09 1.34 1.92 2.00 2.22 1.95 6.81 5.51

Feb 6.15 7.76 7.66 6.18 1.17 1.68 2.01 1.27 1.94 1.85 2.06 1.95 7.23 4.08

Mar 6.28 7.49 7.29 6.39 1.01 1.53 1.94 1.26 2.23 1.82 2.09 2.11 6.74 8.73

Apr 6.30 6.50 7.43 6.34 0.96 1.33 1.73 1.13 2.49 2.11 2.00 2.36 5.76 7.23

May 6.13 6.82 7.17 6.24 0.96 1.31 1.74 1.08 2.17 1.78 2.54 2.13 5.15 6.95

Jun 5.86 6.49 7.85 5.95 0.91 1.30 1.70 1.07 1.99 1.71 1.96 1.93 4.88 5.00

Jul 5.41 6.98 7.91 5.68 0.83 1.20 1.59 1.00 1.99 1.49 2.54 1.94 4.75 3.61

Aug 5.10 6.47 7.20 5.27 0.97 1.18 1.28 1.05 1.98 1.51 1.77 1.87 4.49 6.48

Sep 4.95 6.86 7.38 5.08 0.91 1.13 1.52 1.01 2.10 1.52 1.79 1.97 3.83 3.21

Oct 4.38 5.65 7.03 4.49 0.85 1.17 1.43 0.98 1.88 1.48 1.57 1.77 3.30 6.79

Nov 4.55 5.61 6.77 4.80 0.96 1.23 1.77 1.18 1.53 1.40 1.89 1.52 2.96 2.82

Dec 4.05 4.40 6.53 4.17 0.78 1.10 1.68 1.06 1.55 1.31 1.81 1.51 2.98 3.37

2016

Jan 3.83 4.85 6.27 3.93 0.69 1.03 1.60 0.96 1.60 1.17 1.71 1.50 2.93 3.24

Feb 3.61 4.37 4.89 3.69 0.68 1.00 1.49 0.93 1.51 1.21 1.53 1.44 2.81 3.32

Mar 3.55 4.35 5.63 3.58 0.76 1.07 1.27 0.84 1.42 1.23 1.36 1.41 2.66 0.34

Apr 3.38 4.73 5.89 3.43 0.69 1.20 1.55 0.93 1.45 1.33 1.62 1.47 2.52 4.58

May 3.36 4.88 5.91 3.51 0.65 0.98 1.43 0.80 1.38 1.64 1.54 1.43 2.50 1.66

Jun 3.23 4.77 5.46 3.29 0.64 0.85 1.25 0.74 1.29 1.00 1.38 1.28 2.40 0.00

Jul 3.09 4.15 5.26 3.15 0.57 0.69 1.05 0.63 1.29 0.80 1.35 1.26 2.55 2.10

Aug 3.04 4.36 5.42 3.11 0.51 0.79 1.12 0.61 1.15 0.93 1.33 1.15 2.53 2.83

For years: weighted average interest rate for 12 months, except for 2010 where weighted average interest rate is given for the last four months of the year.

Deposits from households and NPISH

Term

RSD Indexed to FX and FX deposits Total Term

NOTE:


Term

RSD

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

15 16 17 18 19 20 21 22 23 24 25 26 27

10.57 10.15 3.58 2.40 1.89 3.55 6.97 5.01 5.92 6.95 10.21 4.92 6.24 2010

14.92 11.62 3.58 3.99 2.66 3.58 7.74 5.16 6.25 7.70 11.59 4.14 6.59 2011

27.97 10.01 3.11 3.01 1.11 3.09 7.42 4.81 6.66 7.38 10.00 3.91 6.23 2012

16.01 9.24 2.43 2.67 1.46 2.43 6.90 5.10 4.98 6.88 9.25 2.83 5.66 2013

3.95 6.84 1.68 1.32 1.03 1.66 5.20 2.50 1.34 5.16 6.87 1.83 4.18 2014

4.26 4.89 0.95 0.98 0.45 0.93 3.73 2.71 0.94 3.66 4.94 1.04 3.10 2015

2014

4.53 6.48 1.52 1.75 1.28 1.53 5.15 1.70 1.45 5.11 6.46 1.57 4.32 Sep

2.38 6.43 1.65 0.10 1.58 1.63 5.15 3.71 1.65 5.13 6.44 1.60 4.39 Oct

14.22 6.33 1.58 1.62 1.91 1.59 5.05 1.65 3.61 5.02 6.43 1.76 3.09 Nov

8.04 6.83 1.21 0.92 0.09 1.19 5.16 2.26 1.49 5.09 6.81 1.51 3.95 Dec

2015

17.53 6.81 1.30 1.29 0.09 1.29 5.16 3.10 1.17 5.14 6.76 1.32 4.10 Jan

5.49 7.22 1.24 0.47 0.37 1.22 5.50 2.04 1.16 5.46 7.16 1.25 4.54 Feb

4.75 6.75 1.13 1.46 1.71 1.14 5.25 5.81 3.37 5.24 6.72 1.20 4.42 Mar

6.67 5.78 1.10 1.41 0.04 1.10 4.34 3.84 1.67 4.31 5.83 1.11 3.87 Apr

4.06 5.15 1.11 0.50 0.81 1.08 3.81 1.31 1.61 3.77 5.30 1.08 3.22 May

12.55 4.89 0.88 0.52 0.25 0.81 3.57 3.53 0.41 3.45 5.00 0.94 3.01 Jun

4.74 4.75 0.86 0.53 0.35 0.80 3.68 0.80 1.25 3.57 4.84 0.90 3.11 Jul

7.30 4.50 0.95 1.39 0.05 0.94 3.55 1.68 2.74 3.54 4.58 1.00 3.05 Aug

4.03 3.83 0.71 0.97 0.22 0.69 2.81 1.86 0.40 2.77 3.95 0.82 2.58 Sep

1.76 3.30 0.93 1.10 1.11 0.95 2.65 1.26 1.29 2.61 3.40 0.96 2.41 Oct

0.47 2.95 0.82 1.23 0.44 0.80 2.40 1.56 0.44 2.35 3.24 1.11 1.86 Nov

2.34 2.98 0.60 0.70 0.53 0.60 2.26 1.87 0.66 2.17 3.06 0.82 2.00 Dec

2016

2.65 2.93 0.87 0.75 0.00 0.85 2.41 2.59 0.46 2.39 3.01 0.90 2.16 Jan

0.92 2.80 0.64 0.64 0.02 0.62 2.17 1.32 0.08 2.14 2.88 0.77 1.96 Feb

0.72 2.65 0.56 0.48 0.06 0.52 2.01 0.43 0.07 1.95 2.73 0.66 1.82 Mar

3.60 2.55 0.74 0.20 0.10 0.69 1.95 3.81 1.05 1.93 2.64 0.79 1.82 Apr

0.58 2.49 0.63 0.01 0.13 0.59 2.07 0.55 0.16 2.03 2.59 0.70 1.87 May

0.01 2.39 0.91 0.34 0.01 0.84 1.81 0.29 0.01 1.75 2.48 0.80 1.64 Jun

0.17 2.55 0.82 0.31 0.03 0.67 2.10 1.70 0.04 1.98 2.61 0.65 1.80 Jul

0.83 2.54 0.73 0.59 0.00 0.66 2.05 1.56 0.03 2.00 2.59 0.64 1.79 Aug

RSD (4 and 16)


Term

RSD Indexed to FX and FX deposits Total Term Indexed to FX

and FX deposits

(8 and 20)

Total

Total term deposits from households, NPISH and non-

financial corporates


87


88

Table 1.3.6

Interest Rates on Loans1) to Household and Non-Financial Sectors, by Currency – Outstanding Amounts (Per annum rates, in %)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 182010 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 2010

2011 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 2011

2012 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 2012

2013 20.19 14.68 18.46 6.59 6.40 6.46 3.71 7.34 3.85 8.59 7.67 7.69 5.92 6.47 6.26 10.51 7.45 8.82 2013

2014 17.90 10.97 14.70 5.96 5.52 5.68 3.58 7.06 3.66 8.54 6.69 6.70 5.44 5.59 5.53 9.67 6.83 8.09 2014

2015 14.74 8.28 12.95 5.42 4.67 4.92 3.03 7.88 3.08 15.39 5.89 5.89 4.94 4.72 4.81 8.76 5.18 6.83 2015

2014 2014

Sep 18.15 11.23 15.48 6.16 5.69 5.86 3.64 7.26 3.74 7.99 6.54 6.55 5.60 5.74 5.68 10.08 6.81 8.33 Sep

Oct 18.00 11.18 15.29 6.16 5.71 5.87 4.50 7.71 4.58 8.07 6.99 7.00 5.79 5.76 5.78 10.23 6.90 8.45 Oct

Nov 17.91 10.89 15.07 6.03 5.58 5.74 3.63 7.16 3.73 7.92 6.80 6.82 5.50 5.62 5.57 10.00 6.76 8.27 Nov

Dec 17.90 10.97 14.70 5.96 5.52 5.68 3.58 7.06 3.66 8.54 6.69 6.70 5.44 5.59 5.53 9.67 6.83 8.09 Dec

2015 2015

Jan 18.20 10.84 15.11 5.93 5.50 5.65 3.56 6.83 3.62 10.07 5.01 5.01 5.36 5.48 5.43 9.85 6.64 8.12 Jan

Feb 18.25 10.90 15.24 5.90 5.49 5.63 3.38 6.62 3.44 9.18 5.01 5.01 5.30 5.47 5.40 9.94 6.64 8.17 Feb

Mar 18.39 11.04 15.48 5.84 5.36 5.53 3.29 6.57 3.33 14.11 5.17 5.19 5.24 5.36 5.31 10.01 6.54 8.16 Mar

Apr 17.89 10.65 15.16 5.80 5.28 5.46 3.14 6.17 3.19 9.36 5.47 5.47 5.18 5.29 5.24 9.82 6.33 7.97 Apr

y 17.73 10.44 15.08 5.75 5.24 5.43 3.12 6.10 3.16 9.31 5.63 5.63 5.15 5.26 5.21 9.77 6.24 7.91 May

Jun 17.35 10.22 14.88 5.69 5.16 5.35 3.10 5.82 3.14 9.11 5.71 5.71 5.12 5.19 5.16 9.67 6.07 7.76 Jun

Jul 16.56 10.11 14.46 5.64 5.09 5.28 3.06 6.71 3.11 9.15 5.72 5.72 5.08 5.12 5.10 9.40 5.92 7.55 Jul

Aug 16.41 10.19 14.44 5.61 5.01 5.21 3.05 6.71 3.09 9.47 5.73 5.73 5.07 5.04 5.05 9.39 5.83 7.48 Aug

Sep 16.12 9.61 14.18 5.56 4.91 5.13 3.05 6.91 3.09 9.93 5.77 5.77 5.05 4.95 4.98 9.30 5.61 7.33 Sep

Oct 15.53 9.23 13.78 5.53 4.83 5.07 3.06 6.68 3.10 10.94 5.78 5.78 5.03 4.87 4.93 9.07 5.43 7.13 Oct

Nov 15.19 8.96 13.46 5.49 4.81 5.04 3.05 7.17 3.08 15.39 5.78 5.78 4.99 4.85 4.91 8.95 5.40 7.06 Nov

Dec 14.74 8.28 12.95 5.42 4.67 4.92 3.03 7.88 3.08 15.39 5.89 5.89 4.94 4.72 4.81 8.76 5.18 6.83 Dec

2016 2016

Jan 14.35 7.62 12.62 5.36 4.65 4.89 3.03 7.06 3.06 14.02 5.87 5.87 4.90 4.70 4.77 8.56 5.04 6.68 Jan

Feb 14.05 7.28 12.40 5.31 4.62 4.85 3.02 6.95 3.05 13.10 5.99 5.99 4.86 4.68 4.75 8.45 4.97 6.60 Feb

Mar 13.68 7.01 12.08 5.24 4.52 4.77 3.02 7.04 3.05 9.90 6.06 6.06 4.81 4.58 4.67 8.34 4.86 6.52 Mar

Apr 13.34 6.65 11.72 5.18 4.47 4.71 3.02 7.01 3.05 13.09 6.07 6.07 4.77 4.54 4.63 8.23 4.79 6.43 Apr

y 13.07 6.54 11.52 5.14 4.41 4.66 3.01 6.90 3.04 13.08 6.02 6.02 4.74 4.47 4.57 8.15 4.71 6.36 May

Jun 12.78 6.42 11.31 5.07 4.28 4.55 3.01 6.89 3.03 13.08 6.05 6.05 4.68 4.35 4.48 8.05 4.59 6.25 Jun

Jul 12.65 6.13 11.11 5.01 4.19 4.46 2.99 6.93 3.02 13.07 5.99 5.99 4.63 4.26 4.40 8.01 4.48 6.17 Jul

Aug 12.48 6.01 10.96 4.95 4.14 4.41 2.98 6.97 3.01 13.07 6.07 6.07 4.59 4.21 4.35 7.97 4.43 6.14 Aug


House-holds and

NPISH

NOTE:

1) Does not include revolving loans, current account overdrafts and credit card debt.

Non-financial corpora-

tions

House-holds and

NPISH


tions

Total loans to


NPISH and non-

financial corporations (16 and 17)

Total loans to

non-financial

corporations (2, 5, 8and 11)

Total



tions

In EUR and EUR-indexed RSDOther index d to FX and

other FX loans

House-holds and

NPISH

House-holds and

NPISH

In CHF and CHF-indexed

Total Total


tions

Total


tions

Total loans to

households and NPISH

(1, 4, 7 and 10)

House-holds and

NPISH

Total

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 182010 18.93 16.43 16.98 8.58 8.32 8.37 6.15 7.62 6.69 9.22 10.46 10.46 8.29 8.68 8.61 13.72 11.92 12.25 2010

2011 20.59 17.40 18.36 9.00 8.15 8.30 3.70 7.77 4.32 11.05 9.89 9.89 7.40 8.36 8.15 13.20 11.36 11.82 2011

2012 20.42 16.96 18.06 8.28 8.01 8.04 4.28 8.07 5.91 9.40 9.70 9.70 7.78 8.15 8.11 15.32 10.88 11.74 2012

2013 20.48 16.35 18.34 8.11 6.97 7.14 4.08 7.42 5.64 9.87 9.54 9.53 7.90 7.12 7.24 15.90 9.40 11.12 2013

2014 17.23 11.02 13.89 7.50 5.66 5.93 3.89 4.89 4.05 7.18 5.76 5.77 7.39 5.66 5.92 14.44 7.44 9.44 2014

2015 15.21 9.04 12.70 6.40 4.81 4.99 3.08 5.64 3.09 - 4.86 4.86 5.91 4.81 4.95 12.21 5.52 7.30 2015

2014 2014

Sep 16.73 11.06 13.83 7.39 5.90 6.17 3.47 0.00 3.05 7.23 8.20 8.20 7.29 6.04 6.26 14.74 8.34 10.61 Sep

Oct 16.62 11.34 13.95 7.23 5.76 6.04 3.93 - 3.93 - 5.13 5.13 7.15 5.74 6.00 14.28 8.04 10.21 Oct

Nov 16.90 10.68 13.49 7.03 5.31 5.61 4.44 3.34 3.71 - 7.48 7.48 6.97 5.38 5.65 14.12 7.44 9.50 Nov

Dec 16.87 10.89 12.60 6.93 4.93 5.12 3.77 - 3.77 - 4.85 4.85 6.85 4.91 5.07 13.15 6.57 7.56 Dec

2015 2015

Jan 18.34 10.94 14.60 6.83 4.41 4.71 3.83 - 3.83 - 3.04 3.04 6.62 4.20 4.48 14.27 5.56 7.57 Jan

Feb 18.47 13.60 16.75 7.11 5.33 5.57 4.53 - 4.53 - 4.87 4.87 6.92 5.30 5.53 14.47 6.50 8.80 Feb

Mar 17.89 13.80 16.50 7.02 5.97 6.14 2.04 - 2.04 - 6.72 6.72 6.56 5.97 6.08 13.55 7.17 9.24 Mar

Apr 17.30 12.20 15.71 6.65 5.09 5.23 2.84 - 2.84 - 6.14 6.14 5.20 5.09 5.10 12.38 5.77 7.50 Apr

May 16.68 11.27 15.11 6.48 5.23 5.39 3.22 - 3.22 - 5.94 5.94 5.86 5.25 5.34 13.13 6.02 8.29 May

Jun 15.80 10.17 13.52 6.20 4.78 4.91 3.08 - 3.08 - 6.55 6.55 5.62 4.83 4.92 12.47 5.59 7.23 Jun

Jul 15.18 9.35 13.18 6.11 5.08 5.17 3.01 1.58 3.00 - 6.14 6.14 5.39 5.09 5.12 11.87 5.57 7.11 Jul

Aug 15.09 9.13 12.82 6.44 4.56 4.76 2.95 8.58 3.11 - 6.11 6.11 6.01 4.59 4.75 12.34 5.30 7.18 Aug

Sep 14.68 8.29 11.74 5.96 4.54 4.69 4.10 - 4.10 - 2.61 2.61 5.68 4.52 4.66 11.75 5.25 6.88 Sep

Oct 13.20 7.51 11.24 6.22 4.30 4.52 3.22 - 3.22 - 6.03 6.03 6.04 4.35 4.55 11.35 4.88 6.83 Oct

Nov 12.48 6.69 9.90 6.08 4.56 4.74 2.94 - 2.94 - 5.99 5.99 5.97 4.57 4.74 10.86 5.10 6.80 Nov

Dec 12.05 6.24 8.84 5.92 4.24 4.39 2.97 - 2.97 - 6.10 6.10 5.79 4.24 4.39 10.28 4.73 5.92 Dec

2016 2016

Jan 12.07 5.92 9.30 5.36 4.04 4.22 3.58 - 3.58 - 3.70 3.70 5.32 4.03 4.21 9.97 4.46 6.03 Jan

Feb 11.87 5.74 9.29 5.47 4.14 4.30 2.29 - 2.29 - 5.44 5.44 5.39 4.15 4.30 10.17 4.51 6.18 Feb

Mar 11.60 6.57 9.54 5.33 3.90 4.08 3.59 - 3.59 - 5.37 5.37 5.31 4.08 4.22 10.06 4.63 6.24 Mar

Apr 11.44 6.20 9.19 5.09 3.68 3.87 1.91 - 1.91 - 4.42 4.42 5.05 3.69 3.87 9.84 4.34 6.07 Apr

May 10.69 6.42 9.07 5.11 3.57 3.74 2.95 - 2.95 - 4.85 4.85 5.08 3.57 3.74 9.43 4.18 5.80 May

Jun 10.45 6.59 9.14 4.66 3.54 3.66 3.47 - 3.47 - 5.33 5.33 4.64 3.58 3.69 9.05 4.06 5.49 Jun

Jul 11.06 5.31 8.64 4.66 3.06 3.23 2.33 - 2.33 - 4.42 4.42 4.62 3.06 3.23 9.47 3.54 5.21 Jul

Aug 11.13 6.26 9.07 4.49 3.27 3.43 3.40 - 3.40 - 5.07 5.07 4.48 3.28 3.44 9.51 4.04 5.75 Aug


NOTE:

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)

Total Total


tions

House-holds and

NPISH


House-holds and

NPISH


tions

House-holds and

NPISH


tions

In EUR and EUR-indexed

Total

House-holds and

NPISH

Total

House-holds and

NPISH

RSD


tions

Total


tions

Table 1.3.7

Interest Rates on Loans1) to Household and Non-Financial Sectors, by Currency – NewBusiness (Per annum rates, in %)


89

Table 1.3.8

Interest Rates on Term Deposits from Household and Non-Financial Sectors, by Currency –Outstanding Amounts (Per annum rates, in %)

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 202010 - - 13.85 12.04 - - 31.73 12.02 - - 3.98 5.69 - - 2.48 3.55 - - 0.58 3.07

2011 - - 15.23 11.44 - - 16.89 10.65 - - 5.18 5.21 - - 3.47 4.06 - - 1.33 2.55

2012 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 9.28 11.31 11.33 9.47 7.84 16.95 6.73 8.07 3.16 4.12 4.70 3.54 2.47 2.66 2.52 2.49 1.65 1.95 2.24 1.73

2014 7.10 8.32 8.97 7.27 6.89 5.98 6.52 6.87 1.80 2.64 3.37 2.24 1.51 1.43 1.32 1.49 0.94 1.45 1.92 1.08

2015 5.17 6.15 8.76 5.69 3.14 4.55 4.85 3.24 1.06 1.35 2.69 1.57 0.92 1.03 1.03 0.95 0.33 0.81 1.63 0.68

2014

Sep 7.74 10.31 9.14 7.95 6.71 8.02 6.06 6.72 2.51 3.36 4.16 2.91 1.71 1.83 1.49 1.69 1.22 1.64 2.02 1.33

Oct 7.65 10.18 9.02 7.86 6.63 7.70 5.92 6.64 2.39 3.29 4.13 2.82 1.67 1.64 1.43 1.64 1.17 1.63 2.01 1.29

Nov 7.15 8.52 8.95 7.31 6.40 6.95 6.07 6.41 1.92 2.80 3.66 2.40 1.64 1.53 1.44 1.61 1.02 1.54 1.97 1.16

Dec 7.10 8.32 8.97 7.27 6.89 5.98 6.52 6.87 1.80 2.64 3.37 2.24 1.51 1.43 1.32 1.49 0.94 1.45 1.92 1.08

2015

Jan 7.25 8.46 9.36 7.44 6.80 6.32 6.46 6.78 1.75 2.56 3.40 2.21 1.49 1.35 1.37 1.47 0.87 1.40 1.93 1.03

Feb 7.16 8.37 9.32 7.35 7.16 6.32 6.62 7.13 1.65 2.49 3.34 2.13 1.46 1.35 1.33 1.43 0.82 1.32 1.94 0.99

Mar 7.07 8.09 9.25 7.28 6.85 6.75 5.95 6.83 1.60 2.29 3.30 2.08 1.38 1.30 1.28 1.36 0.79 1.21 1.93 0.96

Apr 6.99 7.48 9.23 7.17 6.18 6.49 6.08 6.19 1.57 2.17 3.29 2.05 1.27 1.31 1.25 1.27 0.75 1.12 1.93 0.93

May 6.87 7.35 9.08 7.07 5.77 6.34 6.06 5.80 1.53 2.06 3.25 2.01 1.26 1.28 1.21 1.26 0.72 1.10 1.92 0.92

Jun 6.76 7.19 9.07 6.97 5.00 5.95 5.96 5.06 1.49 1.96 3.22 1.97 1.18 1.22 1.21 1.19 0.70 0.99 1.89 0.89

Jul 6.62 7.22 8.91 6.88 4.88 5.91 5.79 4.95 1.44 1.87 3.21 1.94 1.21 1.16 1.16 1.20 0.66 0.90 1.85 0.86

Aug 6.43 7.14 8.90 6.73 4.54 5.58 5.76 4.62 1.39 1.79 3.16 1.90 1.20 1.20 1.12 1.19 0.62 0.83 1.82 0.82

Sep 6.25 7.10 8.89 6.58 4.08 5.30 5.66 4.17 1.36 1.74 3.14 1.87 1.05 1.19 1.11 1.07 0.60 0.79 1.80 0.80

Oct 6.00 6.97 8.87 6.38 3.50 5.24 5.21 3.61 1.33 1.68 3.15 1.86 1.12 1.05 1.14 1.11 0.59 0.78 1.77 0.79

Nov 5.44 6.50 8.78 5.94 3.30 5.27 4.95 3.43 1.13 1.42 2.85 1.66 1.09 1.07 1.11 1.09 0.44 0.80 1.69 0.72

Dec 5.17 6.15 8.76 5.69 3.14 4.55 4.85 3.24 1.06 1.35 2.69 1.57 0.92 1.03 1.03 0.95 0.33 0.81 1.63 0.68

2016

Jan 4.92 6.06 8.73 5.50 3.13 4.52 4.79 3.26 1.00 1.31 2.62 1.51 0.91 1.02 1.04 0.94 0.26 0.81 1.61 0.65

Feb 4.75 5.93 8.70 5.36 2.95 4.59 4.70 3.09 0.96 1.27 2.56 1.47 0.84 0.99 1.00 0.89 0.22 0.78 1.60 0.63

Mar 4.53 5.88 8.66 5.19 2.88 3.91 4.66 2.99 0.93 1.25 2.51 1.44 0.80 0.96 0.96 0.85 0.21 0.77 1.59 0.62

Apr 4.35 5.79 8.61 5.01 2.79 3.45 4.66 2.89 0.91 1.24 2.42 1.39 0.75 0.88 0.96 0.80 0.22 0.76 1.56 0.61

May 4.17 5.67 8.59 4.87 2.70 3.41 4.50 2.80 0.87 1.23 2.37 1.36 0.77 0.87 0.98 0.82 0.22 0.74 1.55 0.60

Jun 4.05 5.59 8.52 4.76 2.76 3.22 4.34 2.85 0.85 1.21 2.33 1.33 0.73 0.86 0.96 0.79 0.21 0.75 1.54 0.59

Jul 3.96 5.52 8.42 4.67 2.69 3.01 4.41 2.78 0.81 1.18 2.31 1.30 0.73 0.84 0.90 0.78 0.22 0.76 1.52 0.57

Aug 3.89 5.43 8.28 4.58 2.69 3.02 4.30 2.77 0.78 1.16 2.26 1.27 0.71 0.78 0.89 0.75 0.22 0.79 1.47 0.57


Households and NPISHNon-financial corporationsHouseholds and NPISH

CHF and CHF-indexed

NOTE:

In EUR and EUR-indexed

Households and NPISH Non-financial corporations

RSD


90

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 2010

- - 0.05 2.97 - - 5.08 5.10 - - 3.40 3.65 5.27 6.74 5.65 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 2012

2.06 0.41 2.89 2.05 3.10 4.08 4.65 3.47 2.48 2.61 2.02 2.45 3.72 5.00 3.99 2013

0.97 - 0.00 0.92 1.76 2.62 3.34 2.20 1.51 1.23 1.26 1.46 2.45 4.34 2.88 2014

1.12 1.04 0.00 1.07 1.03 1.33 2.67 1.53 0.93 0.97 0.91 0.93 1.78 2.24 1.90 2015

2014

1.84 0.00 0.00 1.80 2.45 3.32 4.12 2.85 1.68 1.74 1.17 1.62 3.11 4.09 3.31 Sep

1.20 0.00 0.00 1.15 2.33 3.26 4.08 2.76 1.64 1.55 1.11 1.57 3.02 4.12 3.26 Oct

1.03 0.00 0.00 0.98 1.88 2.78 3.63 2.36 1.62 1.45 1.11 1.55 2.61 3.96 2.90 Nov

0.97 - 0.00 0.92 1.76 2.62 3.34 2.20 1.51 1.23 1.26 1.46 2.45 4.34 2.88 Dec

2015

2.16 - 0.00 1.98 1.71 2.53 3.36 2.16 1.50 1.19 1.31 1.45 2.40 4.11 2.77 Jan

2.02 - 0.00 1.85 1.61 2.47 3.31 2.08 1.46 1.18 1.27 1.42 2.33 4.44 2.79 Feb

1.79 - 0.00 1.67 1.56 2.26 3.27 2.03 1.39 1.15 1.24 1.36 2.27 4.20 2.70 Mar

1.09 - 0.00 1.02 1.53 2.14 3.26 2.00 1.28 1.16 1.20 1.27 2.25 3.73 2.58 Apr

1.14 - 0.00 1.06 1.49 2.03 3.22 1.96 1.27 1.13 1.17 1.25 2.22 3.51 2.51 May

1.03 1.88 0.00 1.03 1.45 1.93 3.19 1.93 1.19 1.08 1.17 1.18 2.19 3.16 2.39 Jun

0.40 1.88 0.00 0.44 1.40 1.83 3.18 1.90 1.21 1.08 1.13 1.19 2.16 3.24 2.39 Jul

0.34 1.88 0.00 0.39 1.35 1.76 3.14 1.85 1.19 1.12 1.10 1.17 2.11 3.00 2.30 Aug

0.26 1.88 0.00 0.31 1.33 1.71 3.11 1.83 1.05 1.11 1.05 1.06 2.09 2.71 2.23 Sep

1.00 1.88 0.00 1.00 1.30 1.65 3.12 1.81 1.12 0.97 1.07 1.09 2.07 2.51 2.17 Oct

1.00 1.88 0.00 1.00 1.11 1.40 2.82 1.62 1.10 0.98 0.96 1.06 1.88 2.38 1.98 Nov

1.12 1.04 0.00 1.07 1.03 1.33 2.67 1.53 0.93 0.97 0.91 0.93 1.78 2.24 1.90 Dec

2016

1.39 1.04 0.00 1.29 0.98 1.29 2.59 1.48 0.92 0.95 0.92 0.92 1.72 2.16 1.82 Jan

1.39 1.04 0.00 1.29 0.94 1.25 2.54 1.44 0.89 0.91 0.90 0.89 1.69 2.05 1.77 Feb

1.39 1.04 0.00 1.29 0.91 1.24 2.49 1.41 0.84 0.86 0.86 0.84 1.65 1.98 1.72 Mar

1.03 0.34 0.00 0.83 0.89 1.23 2.40 1.37 0.81 0.82 0.86 0.82 1.60 1.93 1.68 Apr

1.03 0.34 0.00 0.83 0.85 1.21 2.35 1.34 0.84 0.81 0.88 0.84 1.56 1.94 1.65 May

1.09 0.00 0.00 0.84 0.83 1.20 2.31 1.31 0.92 0.80 0.86 0.90 1.53 1.89 1.61 Jun

1.14 0.00 0.00 0.87 0.80 1.16 2.29 1.28 0.93 0.79 0.81 0.90 1.50 1.89 1.59 Jul

1.14 0.00 0.00 0.87 0.76 1.15 2.24 1.24 0.92 0.72 0.80 0.88 1.46 1.91 1.57 Aug

Total 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)

Indexation to FX and FX deposits CHF and CHF-indexed

Non-financial corporations


91


92

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 202010 10.09 14.93 8.06 11.13 10.15 10.19 10.57 10.15 5.44 7.06 2.46 5.54 3.47 2.52 2.10 3.45 2.82 5.82 3.07 3.97

2011 10.83 11.68 11.18 10.84 11.60 13.50 14.92 11.62 4.62 5.16 3.90 4.65 3.81 3.99 2.84 3.81 2.04 3.38 3.16 2.35

2012 9.89 10.87 11.51 9.91 9.96 15.29 27.97 10.01 4.39 4.65 5.19 4.46 3.10 3.07 1.14 3.08 2.05 2.73 2.78 2.11

2013 9.26 11.76 12.15 9.32 9.22 12.97 16.01 9.24 3.06 3.60 3.76 3.14 2.40 2.77 1.41 2.40 1.64 1.84 2.38 1.67

2014 7.13 8.13 8.84 7.16 6.85 4.71 3.95 6.84 1.80 2.40 2.71 1.96 1.68 1.40 1.02 1.66 1.02 1.26 1.52 1.05

2015 5.39 6.08 7.32 5.51 4.88 5.66 4.26 4.89 0.99 1.28 1.74 1.16 0.93 1.05 0.48 0.91 0.46 0.79 1.72 0.68

2014

Sep 6.28 4.02 8.97 6.27 6.48 0.06 4.53 6.48 1.56 2.05 2.27 1.63 1.55 1.75 1.28 1.56 0.61 1.40 1.52 0.66

Oct 6.50 6.74 6.47 6.50 6.43 7.06 2.38 6.43 1.51 1.92 2.26 1.59 1.65 0.10 1.63 1.63 0.71 0.84 1.66 0.73

Nov 7.01 8.05 7.50 7.06 6.33 2.52 14.22 6.33 1.67 1.99 2.44 1.80 1.60 1.62 1.91 1.61 0.92 1.40 1.69 0.97

Dec 6.43 7.86 8.43 6.51 6.86 3.72 8.04 6.83 1.41 1.87 2.50 1.71 1.17 1.33 0.09 1.16 0.83 0.84 1.45 0.87

2015

Jan 6.17 8.10 8.44 6.24 6.81 5.51 17.53 6.81 1.22 1.84 2.11 1.38 1.30 2.13 0.10 1.29 0.73 0.94 1.59 0.77

Feb 6.15 7.76 7.66 6.18 7.23 4.08 5.49 7.22 1.19 1.69 2.02 1.29 1.22 0.47 0.38 1.20 0.66 0.82 1.55 0.70

Mar 6.28 7.49 7.29 6.39 6.74 8.73 4.75 6.75 1.03 1.55 1.94 1.29 1.11 1.46 1.29 1.12 0.39 0.99 1.58 0.57

Apr 6.30 6.50 7.43 6.34 5.76 7.23 6.67 5.78 0.98 1.34 1.72 1.15 1.07 1.38 0.04 1.07 0.40 0.95 2.16 0.74

May 6.13 6.82 7.17 6.24 5.15 6.95 4.06 5.15 0.97 1.30 1.73 1.09 1.09 0.68 0.81 1.08 0.46 0.95 1.86 0.70

Jun 5.86 6.49 7.85 5.95 4.88 5.00 12.55 4.89 0.92 1.31 1.69 1.08 0.82 0.96 0.25 0.75 0.32 0.73 2.38 0.64

Jul 5.41 6.98 7.91 5.68 4.75 3.61 4.74 4.75 0.84 1.22 1.58 1.01 0.84 0.53 0.36 0.79 0.28 0.74 1.53 0.61

Aug 5.10 6.47 7.20 5.27 4.49 6.48 7.30 4.50 1.00 1.22 1.30 1.08 0.93 1.43 0.05 0.92 0.22 0.41 0.64 0.34

Sep 4.95 6.86 7.38 5.08 3.83 3.21 4.03 3.83 0.94 1.15 1.52 1.03 0.69 1.06 0.35 0.68 0.26 0.37 1.83 0.32

Oct 4.38 5.65 7.03 4.49 3.30 6.79 1.76 3.30 0.86 1.18 1.41 0.99 0.90 1.11 1.12 0.92 0.15 0.60 1.81 0.60

Nov 4.55 5.61 6.77 4.80 2.96 2.82 0.47 2.95 0.97 1.24 1.76 1.19 0.78 1.29 1.23 0.81 0.29 0.85 1.98 0.79

Dec 4.05 4.40 6.53 4.17 2.98 3.37 2.34 2.98 0.81 1.11 1.68 1.08 0.57 0.72 0.53 0.57 0.27 0.87 1.65 0.83

2016

Jan 3.83 4.85 6.27 3.93 2.93 3.24 2.65 2.93 0.70 1.03 1.60 0.97 0.82 0.75 0.00 0.78 0.33 0.72 1.92 0.72

Feb 3.61 4.37 4.89 3.69 2.81 3.32 0.92 2.80 0.68 1.01 1.49 0.94 0.59 0.65 0.02 0.57 0.29 0.43 1.93 0.57

Mar 3.55 4.35 5.63 3.58 2.66 0.34 0.72 2.65 0.76 1.06 1.27 0.85 0.55 0.48 0.06 0.51 0.53 1.50 1.87 0.71

Apr 3.38 4.73 5.89 3.43 2.52 4.58 3.60 2.55 0.70 1.20 1.55 0.95 0.64 0.11 0.04 0.59 0.48 1.36 1.67 0.61

May 3.36 4.88 5.91 3.51 2.50 1.66 0.58 2.49 0.65 0.98 1.42 0.80 0.59 0.02 0.13 0.55 0.50 0.81 1.65 0.58

Jun 3.23 4.77 5.46 3.29 2.40 0.00 0.01 2.39 0.65 0.85 1.25 0.75 0.58 0.34 0.01 0.53 0.35 1.46 1.14 0.49

Jul 3.09 4.15 5.26 3.15 2.55 2.10 0.17 2.55 0.57 0.69 1.05 0.63 0.65 0.31 0.04 0.50 0.39 1.26 1.45 0.46

Aug 3.04 4.36 5.42 3.11 2.53 2.83 0.83 2.54 0.50 0.79 1.13 0.61 0.64 0.71 0.00 0.58 0.28 1.26 1.03 0.37


NOTE:

RSD In EUR and EUR-indexed


CHF and CHF-indexed

Households and NPISHHouseholds and NPISHHouseholds and NPISH Non-financial corporations

Table 1.3.9

Interest Rates on Term Deposits from Household and Non-Financial Sectors, by Currency – New Business (Per annum rates, in %)

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 34 352.47 - - 2.47 5.39 6.99 2.46 5.49 3.58 2.40 1.89 3.55 5.65 6.95 6.24 2010

3.42 2.03 3.00 3.42 4.55 5.09 3.90 4.59 3.58 3.99 2.66 3.58 4.82 7.70 6.59 2011

2.59 3.50 - 2.72 4.30 4.61 5.16 4.37 3.11 3.01 1.11 3.09 4.63 7.38 6.23 2012

1.84 0.00 - 1.84 3.01 3.57 3.74 3.09 2.43 2.67 1.46 2.43 3.60 6.88 5.66 2013

1.47 - 0.00 1.44 1.77 2.39 2.70 1.93 1.68 1.32 1.03 1.66 2.57 5.16 4.18 2014

1.00 1.88 - 1.01 0.98 1.26 1.74 1.14 0.95 0.98 0.45 0.93 1.84 3.66 3.10 2015

2014

1.49 - - 1.49 1.51 2.05 2.26 1.59 1.52 1.75 1.28 1.53 2.47 5.11 4.32 Sep

1.46 - 0.00 1.36 1.48 1.92 2.24 1.56 1.65 0.10 1.58 1.63 2.33 5.13 4.39 Oct

1.58 - - 1.58 1.65 1.99 2.44 1.79 1.58 1.62 1.91 1.59 2.10 5.02 3.09 Nov

1.51 - - 1.51 1.39 1.86 2.49 1.68 1.21 0.92 0.09 1.19 2.09 5.09 3.95 Dec

2015

1.46 - - 1.46 1.20 1.82 2.09 1.34 1.30 1.29 0.09 1.29 1.95 5.14 4.10 Jan

0.92 - - 0.92 1.17 1.68 2.01 1.27 1.24 0.47 0.37 1.22 1.95 5.46 4.54 Feb

1.02 - - 1.02 1.01 1.53 1.94 1.26 1.13 1.46 1.71 1.14 2.11 5.24 4.42 Mar

1.24 - - 1.24 0.96 1.33 1.73 1.13 1.10 1.41 0.04 1.10 2.36 4.31 3.87 Apr

1.06 - - 1.06 0.96 1.31 1.74 1.08 1.11 0.50 0.81 1.08 2.13 3.77 3.22 May

1.39 1.88 - 1.47 0.91 1.30 1.70 1.07 0.88 0.52 0.25 0.81 1.93 3.45 3.01 Jun

0.52 - - 0.52 0.83 1.20 1.59 1.00 0.86 0.53 0.35 0.80 1.94 3.57 3.11 Jul

1.18 - - 1.18 0.97 1.18 1.28 1.05 0.95 1.39 0.05 0.94 1.87 3.54 3.05 Aug

0.20 - - 0.20 0.91 1.13 1.52 1.01 0.71 0.97 0.22 0.69 1.97 2.77 2.58 Sep

1.36 - - 1.36 0.85 1.17 1.43 0.98 0.93 1.10 1.11 0.95 1.77 2.61 2.41 Oct

0.21 - - 0.21 0.96 1.23 1.77 1.18 0.82 1.23 0.44 0.80 1.52 2.35 1.86 Nov

0.00 - - 0.00 0.78 1.10 1.68 1.06 0.60 0.70 0.53 0.60 1.51 2.17 2.00 Dec

2016

- - - - 0.69 1.03 1.60 0.96 0.87 0.75 0.00 0.85 1.50 2.39 2.16 Jan

- - - - 0.68 1.00 1.49 0.93 0.64 0.64 0.02 0.62 1.44 2.14 1.96 Feb

0.00 - - 0.00 0.76 1.07 1.27 0.84 0.56 0.48 0.06 0.52 1.41 1.95 1.82 Mar

0.91 - - 0.91 0.69 1.20 1.55 0.93 0.74 0.20 0.10 0.69 1.47 1.93 1.82 Apr

- - - - 0.65 0.98 1.43 0.80 0.63 0.01 0.13 0.59 1.43 2.03 1.87 May

- - - - 0.64 0.85 1.25 0.74 0.91 0.34 0.01 0.84 1.28 1.75 1.64 Jun

- - - - 0.57 0.69 1.05 0.63 0.82 0.31 0.03 0.67 1.26 1.98 1.80 Jul

0.00 - - 0.00 0.51 0.79 1.12 0.61 0.73 0.59 0.00 0.66 1.15 2.00 1.79 Aug

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)

CHF and CHF-indexed



93


94

Table 1.3.10

Weighted Interest Rates on Dinar Loans, 2005-2011(Annual rates, in percentages)

Total ExportAgriculture (production and stocks)

Other lending

Securities Interbank 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

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)

1) Yearly data: data from December.NOTE:

Total Exports 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 2118.61 7.00 8.00 39.27 35.74 21.14 15.00 9.48 9.36 - 71.77 - 199711.00 - - 8.43 - 10.74 15.08 11.91 8.18 - 60.32 - 199815.08 - - - 3.96 14.95 15.08 19.02 12.43 - 45.40 - 199927.81 - 6.82 0.95 46.72 28.11 11.81 11.94 13.12 - 77.90 - 20009.32 - 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 200210.87 8.18 11.13 20.97 7.42 11.13 6.42 7.67 16.43 - 14.81 15.75 20039.86 8.20 10.38 13.92 9.35 8.71 11.29 8.08 13.12 - 14.59 14.45 20048.43 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 200610.09 7.80 13.22 14.41 13.35 10.22 7.05 6.05 13.75 - 11.13 14.81 200715.80 13.52 14.19 12.20 14.05 10.64 5.57 6.19 32.01 - 18.11 17.56 200813.75 6.55 6.80 20.97 7.80 10.22 5.06 5.68 22.95 - 11.78 15.08 200910.87 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)


95


96

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

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

Short-term

Households, total

Households1)

Demand deposits

Gyro and current

accounts

Short-term deposits

Long-term

1) Yearly data: data from December.NOTE:

Table 1.3.11

Weighted Interest Rates on Dinar Deposits, 2005-2011(Annual rates, in percentages)

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 28 297.30 4.20 42.28 72.70 76.62 84.72 35.60 42.44 56.19 1.54 0.47 - - - 19.02 19976.80 2.98 42.77 52.86 44.08 47.06 27.72 49.94 2.74 1.30 3.96 - - - 16.15 19980.12 0.12 8.94 12.17 9.71 13.61 10.74 7.67 0.71 2.74 0.95 - - - 3.35 19990.83 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 20001.42 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 20011.42 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 20020.59 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 20031.31 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 20042.26 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 20051.78 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 20065.06 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 20076.44 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 20084.08 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 20095.55 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


97

Table 1.3.12

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 10Y

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 192000 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

2013 8.93 - - - - - - - - 8.93 9.52 9.38 9.98 - 10.70 11.01 12.13 12.49

2014 6.98 - - - - - - - - 6.98 7.35 7.54 8.49 - 9.21 10.15 10.93 11.98 12.99

2015 3.46 - - - - - - - - 3.46 4.95 4.41 5.92 - 7.04 8.56 6.50 11.97 -

2014

Sep 6.47 - - - - - - - - 6.47 6.90 - 8.20 - 9.00 - - 11.79

Oct 6.44 - - - - - - - - 6.44 6.70 7.24 - - - - - - 12.99

Nov 6.30 - - - - - - - - 6.30 7.00 - 8.20 - - 9.70 - - -

Dec 5.98 - - - - - - - - 5.98 - 7.10 8.00 - 9.00 - - 11.99 -

2015

Jan 5.94 - - - - - - - - 5.94 7.23 - 8.41 - 9.29 - - - -

Feb 6.05 - - - - - - - - 6.05 6.95 - 8.45 - - 9.70 - 12.34 -

Mar - - - - - - - - - - - 7.00 8.40 - 9.09 - - 10.75 -

Apr 4.82 - - - - - - - - 4.82 6.45 - 8.14 - 8.63 8.23 - - -

y 4.58 - - - - - - - - 4.58 5.63 - - - 7.20 - - - -

Jun 4.36 - - - - - - - - 4.36 - 5.25 6.31 - - - - - -

Jul 4.05 - - - - - - - - 4.05 4.79 - 6.18 - - - - - -

Aug 3.80 - - - - - - - - 3.80 4.40 - - - - - - - -

Sep 3.27 - - - - - - - - 3.27 - 4.57 5.00 - 6.80 6.59 - - -

Oct 2.69 - - - - - - - - 2.69 3.00 4.09 4.89 - 4.95 - 6.50 - -

Nov 2.51 - - - - - - - - 2.51 2.94 - 4.09 - - - - - -

Dec 2.52 - - - - - - - - 2.52 - 3.25 4.09 - 4.95 - - - -

2016

Jan 2.54 - - - - - - - - 2.54 2.79 - 4.09 - 4.95 - - - -

Feb 2.54 - - - - - - - - 2.54 2.75 - 4.09 - - 5.95 - - -

Mar 2.52 - - - - - - - - 2.52 - 3.25 4.01 - 4.95 - - - -

Apr 2.54 - - - - - - - - 2.54 - - - - - 5.37 - - -

y 2.58 - - - - - - - - 2.58 - - - - - - - - -

Jun 2.85 - - - - - - - - 2.85 - - 4.01 - 4.30 5.37 - - -

Jul 3.00 - - - - - - - - 3.00 - - 3.59 - - - - 5.98 -

Aug 2.96 - - - - - - - - 2.96 - - - - - 5.00 - - -

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 securities used in open market operations by the National Bank of Serbia1) Weighted average interest rate on the Republic of Serbia dinar government securities

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 day.


98

12M 18M 2Y 3Y 5Y 10Y 15Y 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

20 21 22 23 23 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 412000 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

3.58 - 4.52 4.80 5.22 - 2013

3.04 - 3.91 4.71 4.99 5.50 - 2.97 3.09 3.44 2014

1.83 - 2.67 4.00 4.49 4.48 - 1.52 1.38 2015

2014

- - - 4.80 - - - - - - - - - - - - - - - - 2.70 4.05 Sep

- - 3.80 4.80 - - - - - - - - - - - - - - - - 2.78 3.93 Oct

2.80 - - - 5.00 5.50 - - - - - - - - - - - - - - 2.83 3.74 Nov

2.50 - 3.50 4.47 - - - - - - - - - - - - - - - - 3.03 3.17 Dec

2015

- - - 4.26 - - - - - - - - - - - - - - - - 2.64 2.82 Jan

- - 3.45 - - - - - - - - - - - - - - - - - 3.39 3.16 Feb

2.45 - - - 4.79 - - - - - - - - - - - - - - - 1.49 3.20 Mar

- - - 3.90 - - - - - - - - - - - - - - - - 1.17 3.03 Apr

1.99 - 2.87 - - - - - - - - - - - - - - - - - 5.54 2.95 y

1.59 - - - - - - - - - - - - - - - - - - - - 2.92 Jun

- - 2.85 3.85 - 4.50 - - - - - - - - - - - - - - - 1.76 Jul

1.58 - - - - - - - - - - - - - - - - - - - - 1.32 Aug

- - 2.22 - - - - - - - - - - - - - - - - - - 1.50 Sep

- - - - 4.00 - - - - - - - - - - - - - - - - 1.36 Oct

1.57 - 2.00 - - - - - - - - - - - - - - - - - - 0.90 Nov

- - 1.79 3.50 - 4.40 - - - - - - - - - - - - - - - 1.52 Dec

2016

1.19 - - 3.40 - - - - - - - - - - - - - - - - - 1.03 Jan

- - 1.75 3.25 - - - - - - - - - - - - - - - - - 2.86 Feb

1.05 - 1.40 - 3.45 - - - - - - - - - - - - - - - - 3.92 Mar

- - - - - - - - - - - - - - - - - - - - - 0.43 Apr

0.89 - 1.18 - - 4.20 - - - - - - - - - - - - - - - 4.63 y

0.85 - 1.18 2.59 - - - - - - - - - - - - - - - - - - Jun

- - 1.09 - - - - - - - - - - - - - - - - - - - Jul

0.79 - - - - - - - - - - - - - - - - - - - - - Aug

Weigted average yield on RS bonds issued against frozen foreign currency savings deposits, by maturity 2)Weighted average interest rate on the Republic of Serbia government securities in euro


99


100

Table 1.3.13

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

2013 114.6421 83.1282 93.5472 136.9679 12.9403 79.1399 2013

2014 120.9583 99.4641 100.5472 154.8365 12.8395 83.0986 2014

2015 121.6261 111.2468 112.5230 164.9391 13.2221 92.4000 2015

2014 2014

Sep 118.8509 93.6202 98.4680 152.2168 12.9407 85.6213 Sep

Oct 119.0888 94.7631 98.6733 151.2815 12.8635 85.4725 Oct

Nov 120.5468 96.8325 100.2552 152.1095 12.9862 81.9043 Nov

Dec 120.9583 99.4641 100.5472 154.8365 12.8395 83.0986 Dec

2015 2015

Jan 123.5499 108.9121 118.3882 164.3169 13.1810 92.4083 Jan

Feb 120.3281 107.2921 112.9205 165.6727 12.7778 89.9649 Feb

Mar 120.2153 111.4240 114.8188 164.5883 12.9050 92.6729 Mar

Apr 120.1498 108.1359 115.0199 166.8052 12.9518 91.1607 Apr

May 120.5636 110.0434 116.7912 168.6676 12.9962 88.9112 May

Jun 120.6042 107.7304 115.7541 169.4117 13.0733 88.0773 Jun

Jul 120.1505 109.7566 113.4780 171.3743 12.7238 88.5282 Jul

Aug 120.2207 106.8344 111.2846 164.7988 12.6862 88.2160 Aug

Sep 119.7491 106.4910 109.4999 161.4740 12.6827 88.7820 Sep

Oct 120.7606 109.9423 111.0647 168.4953 12.8693 90.8931 Oct

Nov 121.2458 114.5449 111.0818 172.1997 13.0938 93.3234 Nov

Dec 121.6261 111.2468 112.5230 164.9391 13.2221 92.4000 Dec

2016 2016

Jan 123.2485 112.9373 111.0647 162.6828 13.2671 93.5331 Jan

Feb 123.5004 112.8270 113.2719 156.5278 13.1863 99.9599 Feb

Mar 122.9245 108.6001 112.3624 155.7978 13.3171 96.6768 Mar

Apr 122.6193 108.1490 111.4924 157.3253 13.3762 99.3110 Apr

May 123.1015 110.5537 111.3033 162.1463 13.2628 99.4117 May

Jun 123.3115 111.0714 113.2857 148.7473 13.0957 108.1680 Jun

Jul 123.2647 111.2196 113.5348 146.6041 12.8857 107.4670 Jul

Aug 123.1972 110.4511 112.3037 144.6656 12.9499 107.1094 Aug

USD(1)

CHF(1)

GBP(1)

SEK(1)

JPY(100)

EUR(1)

1 2 3 4 5 61997 46.9200 15.9878 98.5400 292.6300 0.3355 330.0000 1997

19981)85.3100 29.0664 178.7300 532.4800 0.6061 600.0000 19981)

1999 85.2800 29.0903 178.9000 532.5100 0.6061 600.0000 1999

20002)426.4000 145.4515 894.5000 2,662.5500 3.0305 3,000.0000 20002)

2001 433.9000 148.0059 910.2000 2,709.3100 3.0835 3,052.6900 2001

2) On 6 December the dinar was devalued by 80% against the Deutsche Mark.

DEM(100)

BEF(100)

FRF(100)

NLG(100)

ITL(100)

1) On 1 April the dinar was devalued by 45% against the Deutsche Mark.

ATS(100)

Dinar Exchange Rates ̶ end of period (1997 ̶ 2001)


101

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

2013 113.1369 85.1731 91.8747 133.1761 13.0706 87.2977 74.6 126.4 2013

2014 117.3060 88.5408 96.5738 145.6441 12.8832 83.5819 72.0 123.7 2014

2015 120.7328 108.8543 113.1283 166.4218 12.9010 89.9275 67.4 117.3 2015

2014 2014

Sep 118.618 91.8623 98.1782 149.8545 12.8962 85.6581 70.7 121.7 Sep

Oct 119.3497 94.0946 98.7694 151.3209 13.0095 87.126 70.0 120.4 Oct

Nov 119.9829 96.1138 99.7121 151.7049 12.9662 82.7476 69.4 119.7 Nov

Dec 121.5283 98.6247 101.0312 154.1356 12.9125 82.6048 68.4 117.6 Dec

2015 2015

Jan 122.6152 105.7234 113.173 160.0278 12.9925 89.4105 67.0 116.4 Jan

Feb 121.5755 106.9989 114.4106 163.8825 12.8237 90.251 67.3 117.2 Feb

Mar 120.4698 111.1784 113.407 166.6241 13.0223 92.3674 67.2 116.8 Mar

Apr 120.1713 111.1863 115.7502 166.3507 12.8683 93.1162 67.4 117.4 Apr

May 120.5948 108.0282 115.8904 167.1725 12.9588 89.4616 67.6 117.1 May

Jun 120.5552 107.4989 115.3088 167.2605 12.9862 86.9271 67.6 117.8 Jun

Jul 120.2134 109.2394 114.5814 169.9989 12.8204 88.6065 67.6 117.2 Jul

Aug 120.2218 107.9514 111.455 168.334 12.6206 87.6092 67.7 118.5 Aug

Sep 120.187 106.9217 110.02 164.0749 12.7743 89.0376 67.9 118.6 Sep

Oct 120.0799 106.9223 110.3151 163.8601 12.8353 89.0346 67.9 118.3 Oct

Nov 120.6505 112.2435 111.2872 170.7242 12.9359 91.659 67.0 116.7 Nov

Dec 121.7517 111.8447 112.3938 167.7349 13.1567 91.9068 66.6 115.9 Dec

2016 2016

Jan 122.5452 112.725 111.9913 162.3408 13.1999 95.3869 66.1 117.1 Jan

Feb 122.8765 110.7351 111.4309 158.2972 13.0641 96.394 66.2 117.0 Feb

Mar 123.1321 110.7871 112.6572 157.5103 13.2503 98.0282 66.1 115.4 Mar

Apr 122.8080 108.3315 112.3296 154.7183 13.3178 98.7349 66.5 116.5 Apr

May 122.8245 108.7582 110.9324 157.9132 13.1999 99.6457 66.5 116.0 May

Jun 123.4000 109.8885 113.212 155.8881 13.2192 104.3417 66.1 115.2 Jun

Jul 123.3489 111.4683 113.4648 146.6668 13.0214 107.2473 65.9 115.4 Jul

Aug 123.3053 110.0178 113.2685 144.1947 12.9810 108.5635 66.1 116.6 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 appreciation and those below 100 depreciation of the dinar.2) Since the beginning of 2007, the real exchange rate is calculated by using CPI (RPI earlier).

GBP(1)

SEK(1)

JPY(100)

Effective exchange rates1)

2005 = 100

EUR(1)

USD(1)

CHF(1)

Table 1.3.14

Dinar Exchange Rates - period average


103

II International Economic Relations


104

Table 2.1

Republic of Serbia: Balance of Payments, 1997-2006(In million 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 principal 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:Balance of Payments data are subject to corrections in line with the official data sources.

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

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.

1999 2000 2001

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. 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.Source: National Bank of Serbia (ITRS) and Statistical Office of the Republic of Serbia.

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%


105

Table 2.2

Republic of Serbia: Balance of Payments, 2007–20111)

(In million euros)

I CURRENT ACCOUNT -5,052.5 -7,054.2 -1,910.1 -1,887.2 -2,870.0

I a) CURRENT ACCOUNT BALANCE, BEFORE GRANTS -5,218.9 -7,216.8 -2,107.6 -2,080.3 -3,076.2

1 Goods (1.1-1.2)² -7,068.7 -8,501.2 -4,946.4 -4,581.0 -5,318.4

1.1 Export of goods, f.o.b. 6,382.5 7,416.0 5,977.8 7,402.5 8,439.6

1.2 Import of goods, f.o.b. -13,451.3 -15,917.2 -10,924.2 -11,983.6 -13,758.0

2 Services (2.1-2.2) -261.1 -184.7 20.5 7.7 163.2

2.1 Receipts 2,304.0 2,741.4 2,500.0 2,667.1 3,032.3

2.1.1 Transportation 526.5 652.0 522.8 590.0 675.3

2.1.2 Travel 629.5 639.9 617.2 604.9 710.1

2.1.3 Communications 79.2 87.2 98.8 117.9 317.5

2.1.4 Construction 145.0 246.7 161.3 173.9 207.8

2.1.5 Other 923.8 1,115.5 1,100.0 1,180.4 1,121.4

2.2 Expenditure -2,565.1 -2,926.1 -2,479.5 -2,659.4 -2,869.1

2.2.1 Transportation -730.2 -870.3 -665.7 -746.7 -776.4

2.2.2 Travel -758.8 -845.1 -685.8 -724.3 -791.1

2.2.3 Communications -61.6 -81.5 -80.5 -83.9 -246.4

2.2.4 Other -1,014.5 -1,129.2 -1,047.4 -1,104.5 -1,055.1

3 Goods and services balance (3.1-3.2) -7,329.9 -8,685.9 -4,925.8 -4,573.3 -5,155.2

3.1 Export goods and services 8,686.5 10,157.3 8,477.8 10,069.6 11,471.9

3.1 Import goods and services -16,016.4 -18,843.2 -13,403.6 -14,642.9 -16,627.1

4 Income -598.7 -921.8 -502.5 -669.9 -757.9

4.1 Receipts 516.9 558.1 499.7 437.7 428.2

4.1.1 Compensation of employees 107.0 129.4 132.5 123.5 135.3

4.1.2 Investment income 409.9 428.6 367.2 314.2 292.9

4.1.2.1 Direct investment 55.9 48.0 120.0 102.7 94.4

4.1.2.2 Portfolio investment 178.3 251.7 219.1 181.4 149.9

4.1.2.3 Other investment (interest) 175.6 128.9 28.1 30.0 48.6

4.2 Expenditure -1,115.6 -1,479.9 -1,002.1 -1,107.5 -1,186.2

4.2.1 Compensation of employees -11.7 -16.4 -14.1 -14.0 -20.6

4.2.2 Investment income -1,103.9 -1,463.5 -988.1 -1,093.6 -1,165.6

4.2.2.1 Direct investment -435.7 -603.6 -319.5 -415.6 -379.1

4.2.2.2 Portfolio investment -0.8 -0.1 0.0 -0.6 -2.6

4.2.2.3 Other investment (interest) -667.4 -859.9 -668.5 -677.4 -783.9

5 Current transfers 2,876.1 2,553.6 3,518.2 3,356.0 3,043.1

5.1 Receipts 3,104.7 2,828.3 3,762.0 3,624.0 3,394.2

5.1.1 General government 264.1 231.9 242.7 234.1 256.0

5.1.1.1 Taxes 49.1 31.2 0.0 0.0 0.0

5.1.1.2 Official grants 192.8 188.1 222.2 221.2 233.3

5.1.1.3 Other current transfers of general government 22.3 12.6 20.5 13.0 22.7

5.1.2 Other sectors 2,840.5 2,596.3 3,519.3 3,389.9 3,138.2

5.1.2.1 Private remittances 2,133.5 1,769.9 2,668.4 2,421.9 2,110.5

5.1.2.2 Other transfers 707.0 826.4 850.9 967.9 1,027.7

5.1.2.2.1 Inflow under the Law on payment operations on the territory of Republic of Serbia 169.9 206.0 205.5 270.2 265.9

5.1.2.2.2 Other taxes on production 13.6 48.4 66.1 64.1 77.4

5.1.2.2.3 Grants and gifts 162.9 187.8 148.3 165.3 174.7

5.1.2.2.4 Other current transfers 360.6 384.3 431.1 468.3 509.7

5.2 Expenditure -228.6 -274.7 -243.8 -268.0 -351.0

5.2.1 General government -91.9 -104.3 -106.9 -113.8 -153.5

5.2.1.1 Official grants -26.4 -25.4 -24.7 -28.0 -27.1

5.2.1.2 Other current transfers of general government -65.5 -78.9 -82.2 -85.8 -126.4

5.2.2 Other sectors -136.7 -170.4 -136.9 -154.3 -197.5

5.2.2.1 Private remittances -68.6 -78.1 -50.9 -39.0 -45.7

5.2.2.2 Other transfers -68.2 -92.3 -86.0 -115.2 -151.8

5.2.2.2.1 Inflow under the Law on payment operations on the territory of Republic of Serbia -20.2 -15.3 -10.8 -19.0 -22.9

5.2.2.2.2 Taxes -3.3 -1.2 0.0 0.0 0.0

5.2.2.2.3 Other taxes on production -9.1 -32.2 -12.5 -13.9 -29.0

5.2.2.2.4 Grants and gifts -25.4 -28.6 -44.8 -63.7 -80.3

5.2.2.2.5 Other current transfers -10.2 -15.0 -17.8 -18.6 -19.7

II CAPITAL ACCOUNT -313.9 13.2 1.6 0.9 -2.5

1 Receipts 14.9 16.5 5.5 3.0 2.7

1.1 Capital transfers 1.6 11.2 2.2 1.4 0.8

1.2 Acquisition of nonproduced nonfinancial assets 13.2 5.3 3.3 1.6 1.9

2 Expenditure -328.8 -3.3 -3.9 -2.1 -5.2

2.1 Capital transfers -1.5 -1.0 -0.8 -0.2 -0.6

2.2 Acquisition of nonproduced nonfinancial assets -327.3 -2.3 -3.0 -1.9 -4.7

I T E M S 2007 2008 2009 2010 2011


106

III FINANCIAL ACCOUNT 5,175.6 7,133.3 2,032.6 1,818.5 2,693.8

1 Direct investment - net 1,820.8 1,824.4 1,372.5 860.1 1,826.9

1.1 Abroad (claims) -691.8 -193.1 -37.6 -143.0 -122.0

1.1.1 Equity capital -812.3 -228.3 -50.2 -158.6 -140.3

1.1.2 Reinvested earnings -16.6 -6.5 0.0 0.0 0.0

1.1.3 Other capital 137.2 41.7 12.6 15.6 18.3

1.2 In reporting country (liabilities) 2,512.6 2,017.5 1,410.1 1,003.1 1,948.9

1.2.1 Equity capital 1,467.3 1,303.0 1,063.6 610.5 1,599.4

1.2.2 Reinvested earnings 245.3 156.3 0.0 0.0 0.0

1.2.3 Other capital 800.0 558.2 346.4 392.6 349.5

2 Portfolio investment - net 678.2 -90.9 -51.0 38.8 1,619.1

2.1 Assets (claims) -3.5 -27.7 -5.1 -29.8 67.0

2.1.1 Equity securities -9.6 -27.7 -7.1 12.7 -4.4

2.1.2 Debt securities 6.1 0.2 0.0 -44.0 45.1

2.1.3 Financial derivatives 0.0 -0.2 2.0 1.5 26.3

2.2 Liabilities 681.7 -63.2 -45.8 68.6 1,552.1

2.2.1 Equity securities 562.8 -40.9 15.5 62.5 49.5

2.2.2 Debt securities 117.8 -22.4 -58.3 34.9 1,503.6

2.2.3 Financial derivatives 1.1 0.1 -2.9 -28.8 -1.0

3 Other investments 3,418.7 3,713.2 3,074.6 -9.1 1,049.2

3.1 Assets (claims) -1,618.3 -1,451.1 75.3 -791.9 555.8

3.1.1 Trade credits -860.0 -601.5 -394.7 -368.9 -299.8

3.1.2 Loans 1.1 -30.5 24.8 -34.0 -18.4

3.1.2.1 National bank of Serbia 0.0 0.0 0.0 0.0 0.0

3.1.2.1.1 Long-term 0.0 0.0 0.0 0.0 0.0

-drawings 0.0 0.0 0.0 0.0 0.0

-repayments 0.0 0.0 0.0 0.0 0.0

3.1.2.1.2 Short-term 0.0 0.0 0.0 0.0 0.0

3.1.2.2 General government 0.0 0.0 0.0 0.0 0.0

3.1.2.2.1 Long-term 0.0 0.0 0.0 0.0 0.0

-drawings 0.0 0.0 0.0 0.0 0.0

-repayments 0.0 0.0 0.0 0.0 0.0

3.1.2.2.2 Short-term 0.0 0.0 0.0 0.0 0.0

3.1.2.3 Banks 0.7 -30.5 24.8 -34.0 -18.4

3.1.2.3.1 Long-term -3.5 -13.5 17.5 -32.6 -19.1

-drawings -39.3 -59.3 -35.0 -64.2 -64.7

-repayments 35.8 45.9 52.5 31.6 45.6

3.1.2.3.2 Short-term 4.2 -17.0 7.3 -1.4 0.6

3.1.2.4 Other sectors 0.4 0.0 0.0 0.0 0.0

3.1.2.4.1 Long-term 0.4 0.0 0.0 0.0 0.0

-drawings -0.3 0.0 0.0 0.0 0.0

-repayments 0.7 0.0 0.0 0.0 0.0

3.1.2.4.2 Short-term 0.0 0.0 0.0 0.0

3.1.3 Currency and deposits -710.3 -787.9 445.2 -389.0 874.0

3.1.4 Other assets -49.1 -31.2

3.2 Liabilities 5,037.0 5,164.3 2,999.2 782.8 493.4

3.2.1 Trade credits 1,619.2 1,558.6 873.9 284.6 792.5

3.2.2 Loans³ 3,402.1 3,529.2 1,388.7 863.5 -394.6

3.2.2.1 National bank of Serbia -91.5 0.0 1,114.4 341.0 44.8

3.2.2.1.1 Long-term -91.5 0.0 1,131.8 341.0 44.8

-drawings 0.0 0.0 1,131.8 344.6 51.7

-repayments -91.5 0.0 0.0 -3.6 -6.9

3.2.2.1.2 Short-term 0.0 0.0 -17.4 0.0 0.0

3.2.2.2 General government 121.1 98.4 258.2 735.3 687.5

3.2.2.2.1 Long-term 121.1 116.3 256.7 736.8 687.5

-drawings 209.1 222.5 392.9 977.1 963.2

-repayments -88.0 -106.2 -136.2 -240.3 -275.7

3.2.2.2.2 Short-term 0.0 -17.9 1.5 -1.5 0.0

3.2.2.3 Banks 166.6 155.4 869.1 659.7 -710.8

3.2.2.3.1 Long-term -126.3 -260.2 474.2 651.9 437.8

-drawings 739.3 340.3 597.0 1,123.9 842.0

-repayments -865.6 -600.5 -122.8 -472.1 -404.2

3.2.2.3.2 Short-term 292.9 415.6 394.9 7.8 -1,148.5

3.2.2.4 Other sectors 3,205.9 3,275.3 -853.0 -872.4 -416.1

3.2.2.4.1 Long-term 3,196.4 2,710.1 -641.7 -789.1 -430.0

-drawings 4,368.9 4,596.4 1,744.8 1,220.9 2,171.5

-repayments -1,172.6 -1,886.3 -2,386.4 -2,010.0 -2,601.5

3.2.2.4.2 Short-term 9.5 565.3 -211.4 -83.3 13.8

3.2.3 Currency and deposits 68.8 75.3 314.5 -365.3 95.6

3.2.4 Other liabilities -53.1 1.2

3.2.5 Allocation of SDRs 422.2

4 Reserves Assets (- increase) -742.1 1,686.6 -2,363.5 928.7 -1,801.5

IV ERRORS AND OMISSIONS - net 190.8 -92.3 -124.1 67.8 178.7

OVERALL BALANCE 742.1 -1,686.6 2,363.5 -928.7 1,801.5

Source: NBS (ITRS) and SORS

³ Use of IMF credit included.

¹ BOP data are subject to corrections in line with the official data sources. The presentation of the balance of payments is, as far as possible, in line with the international guidelines contained in the fifth edition of the IMF Balance of Payments Manual, 1993 (BPM5).² Since January 1st 2010 and in accordance with UN Statistical Commission recommendations, general trade system has been introduced, presenting broader exports andimports concept and involving overall goods that enter or exit the economic territory of the country, except the transit goods. Besides transit, excluded are also the temporarycommodity transactions (fairs, test samples, etc.). According to general trade system, goods are imported, i.e. exported into: a) free circulating area, rooms for internal processingor industrial free zones; b) customs storage places. General trade system provides better adjustment to measures and criteria of the System od National Accounts and Balance ofPayment. From January 1st 2010, new version of standard International Trade Classification - SITC Rev 4 has been used.

Foreign exchange reserves of the NBS (Reserves Assets) and banks (Currency and deposits) are shown, without inter-currency changes


107

Table 2.3

Balance of Payments of the Republic of Serbia since 2012(In million euros)

2012 2013 2014 2015

1 Current account -3,671 -2,098 -1,985 -1,5771.1 Credit 15,426 18,081 18,493 20,1071.2 Debit 19,098 20,180 20,478 21,6851.A Goods and services -5,523 -3,845 -3,645 -3,2681.A.1 Credit 11,469 13,937 14,451 15,6311.A.2 Debit 16,992 17,782 18,096 18,8991.A.a Goods -5,634 -4,159 -4,111 -3,9931.A.a.1 Credit 8,376 10,515 10,641 11,3571.A.a.2 Debit 14,011 14,674 14,752 15,3501.A.b Services 111 313 465 7251.A.b.1 Credit 3,093 3,422 3,810 4,2731.A.b.2 Debit 2,981 3,109 3,344 3,5481.B Primary income -1,097 -1,419 -1,343 -1,6581.B.a Credit 665 607 642 6821.B.b Debit 1,763 2,025 1,985 2,3401.C Secondary income 2,949 3,166 3,003 3,3491.C.a Credit 3,292 3,537 3,400 3,7951.C.b Debit 343 372 397 4462 Capital account -8 15 7 -182.A Credit 0 19 12 72.B Debit 9 4 6 25

Net lending (+) / net borrowing (-) (Balance from current and capital account) -3,680 -2,083 -1,978 -1,595

3 Financial account, net (=assest - liabilities) -3,351 -1,630 -1,705 -1,2053.A Net acquisition of financial assets -225 1,243 -127 8633.B Net incurrence of liabilities 3,126 2,873 1,578 2,068

Net lending (+) / net borrowing (-) (Balance from financial account) -3,351 -1,630 -1,705 -1,205

3.1 Direct investment, net (=assest - liabilities) -753 -1,298 -1,236 -1,8043.1.A Net acquisition of financial assets 256 250 264 3103.1.B Net incurrence of liabilities 1,009 1,548 1,500 2,1143.2 Portfolio investment, net (=assest - liabilities) -1,676 -1,883 -369 2893.2.A Net acquisition of financial assets 21 29 73 773.2.B Net incurrence of liabilities 1,697 1,912 442 -212

3.3Financial derivatives (other than reserves) and employee stock options, net (=assest - liabilities) 2 -1 -6 2

3.3.A Net acquisition of financial assets -3 -6 -6 23.3.B Net incurrence of liabilities -5 -6 0 03.4 Other investment, net (=assest - liabilities) 214 855 1,703 1413.4.A Net acquisition of financial assets 638 273 1,338 3073.4.B Net incurrence of liabilities 424 -581 -365 1663.4.1 Other equity, net (=assest - liabilities) 0 0 0 03.4.2 Currency and deposits, net (=assest - liabilities) 156 -228 830 -2183.4.2.A Net acquisition of financial assets 362 -250 935 -1893.4.2.B Net incurrence of liabilities 205 -22 105 293.4.3 Loans, net (=assest - liabilities) 316 1,286 757 2303.4.3.A Net acquisition of financial assets 72 -64 -34 323.4.3.B Net incurrence of liabilities -244 -1,350 -790 -198

3.4.4Insurance, pension, and standardized guarantee schemes, net (=assest - liabilities) 3 0 0 0

3.4.5 Trade credit and advances, net (=assest - liabilities) -261 -204 116 1293.4.5.A Net acquisition of financial assets 205 587 437 4643.4.5.B Net incurrence of liabilities 466 791 320 3353.4.6 Other accounts receivable/payable 0 0 0 03.4.7 Special drawing rights (Net incurrence of liabilities) 0 0 0 0 3.5 Reserve assets -1,137 697 -1,797 1664 Net errors and omissions 329 453 273 390Source: NBS

Jan - Dec

NOTES:The presentation of the balance of payments is, as far as possible, in line with the guidelines contained in the sixth edition of the IMF Balance of Payments Manual, 2009 (BPM6).Data are subject to correction in line with the change in official data sources.Due to rounding, figures presented in this table may not add up precisely to the totals provided.

I T E M


108

2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016

-63 -16 -176 -148 -272 -204 -56 -27 -13 -8 -210 -237 -29 -25

1,307 1,379 1,438 1,657 1,717 1,825 1,755 1,818 1,695 1,826 1,814 1,925 1,852 1,782

1,370 1,396 1,614 1,804 1,989 2,029 1,811 1,845 1,707 1,834 2,025 2,162 1,881 1,807

-232 -102 -290 -227 -388 -239 -260 -178 -178 -236 -320 -322 -179 -162

1,017 1,142 1,158 1,324 1,353 1,482 1,296 1,441 1,305 1,421 1,400 1,512 1,468 1,468

1,249 1,244 1,448 1,550 1,741 1,721 1,556 1,619 1,483 1,657 1,720 1,834 1,647 1,630

-268 -180 -345 -269 -434 -301 -305 -243 -237 -316 -330 -364 -253 -247

727 819 859 1,001 1,015 1,135 972 1,095 992 1,066 1,033 1,145 1,037 1,051

995 999 1,204 1,271 1,450 1,436 1,277 1,339 1,229 1,382 1,363 1,509 1,290 1,298

36 78 54 43 46 62 45 65 59 80 10 42 74 85

290 323 299 323 338 347 324 346 313 355 368 367 431 417

255 245 245 280 291 285 279 281 254 275 357 325 358 332

-43 -76 -93 -173 -160 -221 -147 -123 -144 -89 -176 -219 -120 -76

47 43 46 47 51 52 63 54 49 56 92 75 61 45

90 119 139 220 212 273 210 177 193 145 268 293 181 121

212 162 207 252 276 257 352 274 310 316 286 305 270 213

242 195 234 286 313 292 397 322 341 349 322 339 323 269

30 33 27 34 36 35 45 49 31 33 36 34 53 56

0 0 4 1 0 5 0 -4 0 -1 -1 0 1 1

0 0 4 1 0 5 0 2 0 0 0 0 1 1

0 0 0 0 0 0 0 5 0 1 1 0 0 0

-63 -16 -172 -147 -272 -199 -56 -31 -13 -8 -211 -237 -28 -24

-57 35 -97 -88 -273 -139 -1 -24 37 43 -176 -183 7 34

-122 -35 414 53 228 -145 216 82 283 159 -242 -117 163 328

-65 -70 511 141 501 -7 216 107 246 116 -66 66 156 293

-57 35 -97 -88 -273 -139 -1 -24 37 43 -176 -183 7 34

-164 -140 -91 -176 -84 -143 -136 -107 -141 -81 -163 -178 -154 -229

21 30 26 7 18 27 40 31 21 18 25 18 30 -25

185 170 118 183 102 169 176 138 162 99 189 196 185 204

66 39 -264 184 -276 140 169 151 91 36 81 144 35 -112

17 -1 -14 3 -9 20 37 10 49 5 0 17 -4 -3

-49 -40 250 -180 267 -121 -132 -141 -42 -30 -81 -128 -40 109

0 -1 0 4 2 -3 3 0 0 0 1 2 -4 2

0 -1 0 0 2 1 3 0 0 0 1 2 -4 2

0 0 0 -4 0 4 0 0 0 0 0 0 0 0

220 456 16 204 37 81 -192 109 137 189 44 -112 -161 63

18 255 159 346 170 21 -20 218 263 236 -130 -114 -150 44

-201 -200 144 142 132 -59 172 110 126 48 -174 -2 11 -19

0 0 0 0 0 0 0 0 0 0 0 0 0 0

27 176 60 248 -19 -105 -30 26 231 160 -122 -166 -153 -79

-8 161 62 204 -2 -95 -25 21 225 157 -154 -189 -131 -47

-36 -15 2 -44 16 11 5 -4 -6 -3 -32 -23 22 32

49 70 41 6 130 222 -71 -37 -63 119 95 176 -52 15

5 3 0 -3 4 0 6 -1 -2 0 2 0 0 12

-44 -68 -41 -9 -127 -222 77 36 61 -119 -93 -176 52 -2

0 0 0 0 0 0 0 0 0 0 0 0 0 0

143 209 -86 -50 -74 -36 -91 120 -31 -91 71 -121 44 127

21 91 97 145 169 116 -2 198 41 79 22 76 -18 78

-121 -118 183 195 243 152 90 78 71 170 -49 197 -63 -49

0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0

-179 -318 242 -304 47 -214 157 -177 -50 -100 -138 -40 291 310

6 51 75 59 -1 60 55 7 50 52 35 54 35 58

Jan JulMayAprMar JunFeb


109

Table 2.4

International Investment Position, First, Second, Third and Fourth Quarter2014, First, Second, Third and Fourth Quarter 2015 and First Quarter 2016 -preliminary data (In million euros)

Opening position Closing position Closing position Closing position Closing position

1 Net financial assets 17,836 17,321 17,496 18,589 18,262

1.1 Direct investment 2,078 2,132 2,194 2,282 2,343

1.1.1 Equity 1,823 1,869 1,911 1,997 2,053

1.1.1.1 Equity other than reinvestment of earnings 1,573 1,584 1,583 1,596 1,608

1.1.1.2 Reinvestment of earnings 250 285 328 400 445

1.1.2 Debt instruments 255 263 282 285 290

1.2 Portfolio investment 52 50 58 71 125

1.2.1 Equity and investment fund shares 20 19 19 30 32

1.2.2 Debt securities 33 30 39 41 93

1.3 Financial derivatives (other than reserves) and employee stock options 0 0 0 0

0

1.4 Other investment 4,517 4,711 5,119 5,358 5,887

1.4.1 Other equity 0 0 0

1.4.2 Currency and deposits 3,933 3,967 4,151 4,372 4,868

1.4.3 Loans 105 69 67 64 71

1.4.4Insurance, pension and standardised guarantee schemes 21 26 68 71 60

1.4.5 Trade credit and advances 443 634 819 834 879

1.4.6 Other accounts receivable/payable 16 14 14 17 8

1.5 Reserve assets 11,189 10,428 10,125 10,878 9,907

2 Net financial liabilities 48,622 48,479 49,035 50,626 51,052

2.1 Direct investment 22,851 23,191 23,698 24,031 24,376

2.1.1 Equity 16,909 16,943 17,425 17,665 18,347

2.1.1.1 Equity other than reinvestment of earnings 15,782 15,716 15,949 16,130 16,768

2.1.1.2 Reinvestment of earnings 1,127 1,227 1,476 1,535 1,580

2.1.2 Debt instruments 5,942 6,248 6,273 6,366 6,029

2.2 Portfolio investment 6,369 6,295 6,484 6,948 7,272

2.2.1 Equity and investment fund shares 599 507 512 504 504

2.2.2 Debt securities 5,769 5,787 5,972 6,444 6,768

2.3 Financial derivatives (other than reserves) and employee stock options 0 0 0 0 0

2.4 Other investment 19,402 18,993 18,853 19,646 19,404

2.4.1 Other equity

2.4.2 Currency and deposits 738 651 694 669 850

2.4.3 Loans 17,235 16,810 16,429 17,084 16,765

2.4.4Insurance, pension and standardised guarantee schemes 12 12 37 30

29

2.4.5 Trade credit and advances 853 952 1,119 1,270 1,171

2.4.6 Other accounts receivable/payable 67 68 70 71 60

2.4.7 SDR allocation 497 499 504 521 530

-30,786 -31,158 -31,539 -32,037 -32,790

Source: NBS

ITEMDecember 31,

2014

The international investment position is in line with the guidelines contained in the sixth edition of the IMF Balance of Payments Manual, 2009 (BPM6). Table is in accordance with data available until June 30, 2016, and are subject to correction in line with the change in official data sources.

September 30, 2014June 30, 2014

International Investment Position - net

NOTE:

December 31, 2013 March 31, 2014


110

Closing position Closing position Closing position Closing position Closing position

Exchange rate

changes

Price changes

Other changes

19,285 19,332 19,615 19,420 -131 -121 79 7 19,255

2,408 2,496 2,580 2,655 64 0 0 0 2,719

2,110 2,190 2,272 2,325 49 0 0 0 2,375

1,611 1,628 1,643 1,667 4 0 0 0 1,671

499 561 629 659 45 0 0 0 704

298 306 308 330 14 0 0 0 344

117 203 199 200 22 0 0 0 221

33 29 29 28 1 0 0 0 29

84 175 171 172 20 0 0 0 192

0 0 0 3 0 0 0 0 3

6,245 6,340 6,325 6,184 620 -1 0 7 6,811

4,920 4,966 4,930 4,679 271 0 0 0 4,950

80 86 92 103 -1 0 0 0 103

72 53 52 51 0 -1 0 8 59

1,166 1,227 1,246 1,343 350 0 0 0 1,693

7 8 5 7 0 0 0 -2 5

10,515 10,293 10,511 10,378 -836 -120 79 0 9,501

53,117 53,174 53,772 54,077 -41 -322 0 5 53,719

24,778 25,315 25,897 26,490 393 -3 0 0 26,880

18,687 19,069 19,788 20,247 213 0 0 0 20,461

16,978 17,088 17,553 17,832 93 0 0 0 17,925

1,708 1,981 2,235 2,415 120 0 0 0 2,535

6,091 6,246 6,109 6,243 179 -3 0 0 6,419

8,317 7,858 7,736 7,553 -341 -170 0 0 7,042

496 476 412 404 -7 0 0 0 396

7,821 7,383 7,324 7,149 -334 -170 0 0 6,646

0 0 0 0 -4 0 0 4 0

20,023 20,000 20,139 20,035 -89 -150 0 1 19,797

832 799 896 879 -48 0 0 0 831

17,055 16,963 17,040 16,998 -276 -138 0 -2 16,582

21 20 22 23 0 0 0 1 24

1,476 1,593 1,562 1,507 235 0 0 3 1,744

68 68 64 64 0 -1 0 0 63

571 558 556 565 0 -11 0 0 553

-33,832 -33,842 -34,156 -34,657 -90 202 79 2 -34,464

March 31, 2016

Changes arising from:

Other changes of value

March 31, 2015 June 30, 2015 September 30, 2015

December 31, 2015 Transactions


111

Table 2.5

Bank Foreign Liabilities(In million dinars, end of period)

Transaction deposits

Demand deposits

Term deposits

Loans Securities Other liabilities

Deposits 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

2013 16,098 5,472 22,273 369 0 13,902 26,400 22,642 84,514 14,375 373,766 0 20,367

2014 21,164 10,705 9,545 242 0 13,383 21,327 9,787 76,366 65,622 260,790 0 8,484

2015 32,063 7,082 16,736 8,453 0 8,680 21,308 25,189 94,322 56,721 222,674 0 10,926

2014

Sep 18,937 5,132 14,965 421 0 12,735 21,444 15,386 73,634 10,877 346,649 0 7,389

Oct 19,878 4,711 17,466 2,779 0 12,205 19,384 20,245 76,423 9,389 334,260 0 7,381

Nov 24,210 4,917 14,919 319 0 12,320 21,080 15,238 77,765 9,666 335,786 0 7,369

Dec 21,164 10,705 9,545 242 0 13,383 21,327 9,787 76,366 65,622 260,790 0 8,484

2015

Jan 21,176 7,150 6,780 1,236 0 13,572 23,488 8,016 73,402 67,281 269,602 0 9,443

Feb 23,907 6,250 7,139 361 0 13,584 29,116 7,500 80,358 56,263 268,355 0 9,212

Mar 25,513 5,799 11,316 5,921 0 12,747 27,717 17,238 89,013 51,949 253,427 0 9,166

Apr 26,539 7,123 11,364 3,043 0 12,923 23,639 14,407 84,630 53,355 248,782 0 9,491

May 29,343 6,168 14,697 1,004 0 12,218 21,306 15,701 84,735 53,622 250,022 0 9,619

Jun 29,936 5,861 11,053 5,709 0 10,916 25,746 16,762 89,222 49,602 242,829 0 9,492

Jul 30,709 5,626 24,390 1,013 0 10,539 29,641 25,403 101,918 48,846 240,036 0 9,858

Aug 29,330 5,719 13,209 2,486 0 10,467 27,648 15,695 88,860 60,239 239,453 0 10,094

Sep 30,135 6,231 12,892 5,199 0 10,396 24,125 18,091 88,979 61,162 239,051 0 10,215

Oct 30,110 6,303 13,357 2,672 0 10,081 25,781 16,028 88,303 61,574 236,749 0 10,478

Nov 31,894 6,839 11,436 3,322 0 9,169 28,543 14,758 91,203 58,894 231,195 0 10,875

Dec 32,063 7,082 16,736 8,453 0 8,680 21,308 25,189 94,322 56,721 222,674 0 10,926

2016

Jan 32,343 7,225 15,365 4,474 0 9,250 22,620 19,839 91,277 57,383 232,012 0 11,204

Feb 31,435 6,874 14,508 6,959 0 8,534 23,205 21,468 91,514 52,756 229,659 0 11,694

Mar 33,068 7,016 19,002 11,719 0 7,809 21,886 30,720 100,499 50,546 204,299 0 11,182

Apr 34,349 6,662 15,979 10,421 0 9,213 22,642 26,400 99,265 50,423 200,191 0 10,424

May 35,764 6,702 9,301 10,370 0 8,905 22,151 19,672 93,193 50,046 198,680 0 10,125

Jun 34,305 7,096 14,007 13,164 0 9,639 20,505 27,171 98,716 47,382 185,551 0 9,993

Jul 35,331 6,753 16,787 11,436 0 8,517 21,635 28,223 100,459 47,256 181,095 0 9,532

Aug 35,140 5,606 23,928 10,392 0 8,410 19,785 34,320 103,261 47,175 181,198 0 9,098

Foreign currency

Short-term liabilities

Foreign currency

Dinar liabilities

Total(3 to 5)

Total(1+2+6+7+8)

Long-term liabilities


112

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

79 388,140 408,586 493,100 410,783 82,317 2013

335 326,412 335,231 411,597 336,199 75,399 2014

838 279,395 291,159 385,480 304,584 80,897 2015

2014

135 357,527 365,050 438,684 372,912 65,772 Sep

136 343,649 351,167 427,590 363,894 63,696 Oct

308 345,452 353,129 430,894 360,690 70,204 Nov

335 326,412 335,231 411,597 336,199 75,399 Dec

2015

332 336,883 346,657 420,059 344,898 75,160 Jan

271 324,618 334,101 414,459 332,118 82,341 Feb

251 305,376 314,793 403,805 322,614 81,191 Mar

222 302,137 311,850 396,480 316,544 79,936 Apr

231 303,643 313,493 398,228 319,344 78,884 May

203 292,432 302,127 391,349 309,194 82,155 Jun

223 288,882 298,963 400,881 314,285 86,596 Jul

222 299,691 310,008 398,867 315,387 83,480 Aug

224 300,213 310,653 399,631 318,304 81,327 Sep

237 298,323 309,037 397,340 314,351 82,989 Oct

231 290,089 301,195 392,398 304,847 87,550 Nov

838 279,395 291,159 385,480 304,584 80,897 Dec

2016

896 289,395 301,495 392,772 309,234 83,538 Jan

886 282,415 294,995 386,509 303,882 82,627 Feb

837 254,845 266,864 367,363 285,565 81,798 Mar

834 250,614 261,872 361,137 277,013 84,124 Apr

214 248,726 259,066 352,258 268,398 83,861 May

229 232,933 243,155 341,871 260,104 81,768 Jun

198 228,352 238,082 338,540 256,575 81,966 Jul

184 228,373 237,654 340,915 262,693 78,222 Aug

External loans(8+15)

Liabilities not

included in column

18(1+2+6+7+13+14)

Dinar liabilities

Total(10 to 12)

Total(13 to 5)

Total external liabilities(9+16 )

Long-term liabilities


113

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

2013 455.1 133.8 2,900.9 7,699.0 11,188.8 913.2 12,102.0 2013

2014 556.1 52.7 2,695.6 6,602.9 9,907.2 1,735.3 11,642.5 2014

2015 566.3 15.0 2,877.2 6,919.5 10,378.0 1,435.3 11,813.2 2015

2014 2014

Sep 533.4 107.6 2,836.6 7,400.1 10,877.6 1,221.5 12,099.1 Sep

Oct 519.4 78.1 2,797.3 7,319.4 10,714.2 1,260.8 11,975.0 Oct

Nov 532.7 77.3 2,626.0 7,034.5 10,270.5 1,549.1 11,819.6 Nov

Dec 556.1 52.7 2,695.6 6,602.9 9,907.2 1,735.3 11,642.5 Dec

2015 2015

Jan 626.4 22.9 2,845.6 6,554.1 10,049.1 1,564.0 11,613.0 Jan

Feb 610.4 21.7 2,987.3 6,693.3 10,312.7 1,586.3 11,899.0 Feb

Mar 624.8 108.4 2,971.7 6,810.2 10,515.1 1,653.8 12,168.9 Mar

Apr 606.3 74.7 2,823.4 7,029.2 10,533.5 1,576.8 12,110.4 Apr

May 620.7 74.5 2,768.2 7,081.8 10,545.2 1,767.9 12,313.0 May

Jun 599.1 51.8 2,717.2 6,924.7 10,292.8 1,684.3 11,977.0 Jun

Jul 575.1 45.1 3,065.2 6,945.6 10,631.1 1,407.9 12,039.0 Jul

Aug 579.7 43.9 2,985.3 7,001.3 10,610.3 1,355.5 11,965.8 Aug

Sep 571.4 29.4 2,908.0 7,002.6 10,511.4 1,483.1 11,994.5 Sep

Oct 599.9 22.6 2,859.6 7,192.4 10,674.5 1,404.0 12,078.5 Oct

Nov 581.9 22.9 2,962.1 7,179.2 10,746.0 1,409.9 12,156.0 Nov

Dec 566.3 15.0 2,877.2 6,919.5 10,378.0 1,435.3 11,813.2 Dec

2016 2016

Jan 593.8 22.8 2,643.7 6,844.3 10,104.5 1,463.6 11,568.1 Jan

Feb 660.3 21.3 2,644.0 6,525.2 9,850.8 1,578.1 11,428.9 Feb

Mar 642.3 21.0 2,709.0 6,128.6 9,500.9 1,614.8 11,115.7 Mar

Apr 669.6 13.8 2,527.0 6,127.6 9,338.0 1,751.9 11,089.9 Apr

May 645.4 13.9 2,644.7 5,960.0 9,264.0 1,788.6 11,052.5 May

Jun 706.3 13.9 2,680.9 5,890.0 9,291.1 1,703.7 10,994.8 Jun

Jul 718.9 13.8 2,824.0 6,048.9 9,605.7 1,557.5 11,163.2 Jul

Aug 698.4 13.8 2,717.8 6,154.0 9,584.0 1,584.9 11,168.8 Aug

1) Reserve position with the IMF is included as of February 2016.

Total(5+6)

Foreign exchange reserves of the NBS

Gold SDRCash holdings and deposits

abroad¹Securities

Total(1 to 4)

Foreign exchange reserves of

banks


114

Table 2.6

Foreign Exchange Reserves(In million euros)

Table 2.7

Forex Market(In million euros)

spot swap

1 2 3 4 5 6 7 8

20071)22,319.0 708.7 - 37,922.3 4,379.8 1,179.3 66,509.0 20071)

2008 23,669.2 1,335.5 - 47,056.5 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

2013 9,150.6 1,050.0 248.0 18,933.6 32,940.9 4,366.2 0.0 66,689.3 2013

2014 6,657.5 2,140.0 360.0 19,082.3 35,065.8 3,858.9 0.0 67,164.5 2014

2015 8,077.5 1,420.0 1,101.0 19,748.0 42,753.0 4,283.3 0.0 77,382.9 2015

2014 2014

Sep 595.0 135.0 64.0 1,532.7 2,688.5 322.1 - 5,337.4 Sep

Oct 544.4 140.0 78.0 1,579.6 2,756.5 360.6 - 5,459.1 Oct

Nov 744.2 250.0 46.0 1,444.9 2,813.4 291.1 - 5,589.7 Nov

Dec 1,233.8 495.0 8.0 2,210.0 3,622.4 310.3 - 7,879.5 Dec

2015 2015

Jan 721.6 90.0 112.0 1,419.1 2,677.5 256.7 - 5,276.9 Jan

Feb 988.6 140.0 79.0 1,371.0 4,537.8 242.7 - 7,359.1 Feb

Mar 762.4 120.0 102.0 1,572.5 4,710.4 355.2 - 7,622.6 Mar

Apr 628.7 170.0 44.0 1,710.6 5,196.4 424.3 - 8,174.1 Apr

May 602.5 0.0 22.0 1,435.3 5,316.7 404.0 - 7,780.6 May

Jun 731.1 10.0 40.0 1,912.1 4,491.0 375.8 - 7,559.9 Jun

Jul 530.1 230.0 202.0 1,850.5 3,654.4 357.7 - 6,824.6 Jul

Aug 613.2 150.0 124.0 1,487.1 2,385.4 363.9 - 5,123.6 Aug

Sep 366.8 80.0 112.0 1,590.6 2,200.1 348.1 - 4,697.5 Sep

Oct 586.0 80.0 70.0 1,693.6 2,492.9 384.0 - 5,306.5 Oct

Nov 545.8 20.0 50.0 1,632.3 2,208.2 392.9 - 4,849.2 Nov

Dec 1,000.5 330.0 144.0 2,073.4 2,882.2 378.1 - 6,808.2 Dec

2016 2016

Jan 685.6 290.0 158.0 1,441.6 3,009.6 233.1 - 5,817.8 Jan

Feb 676.0 120.0 42.0 1,504.8 3,064.6 287.8 - 5,695.2 Feb

Mar 623.3 175.0 38.0 1,677.3 3,118.9 324.6 - 5,957.2 Mar

Apr 488.2 160.0 78.0 1,712.1 2,961.4 354.8 - 5,754.4 Apr

May 496.2 65.0 66.0 1,654.2 2,755.6 405.4 - 5,442.4 May

Jun 589.4 110.0 72.0 1,826.0 3,949.1 371.4 - 6,917.9 Jun

Jul 567.6 355.0 78.0 1,858.4 3,601.5 313.0 - 6,773.4 Jul

Aug 366.3 90.0 80.0 1,645.4 2,918.6 379.7 - 5,480.0 Aug

Turnover on the Foreign Exchange Market

The NBS - authorised exchange

dealers

Total(1 to 7)Bank-Bank Banks-Residents

Banks-Non residents

NOTE: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.

2) Data on purchase and sale of foreign exchange and foreign cash are available, classified by the transactions with residents and nonresidents from September 2008.3) 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

Banks-the NBS

Banks-authorised exchange dealers,

natural persons and legal entities 4)

1) The National Bank of Serbia ceased to organize daily fixing session in June 2007.

Between banks

Between banks and the NBS

Between banks and residents

or nonresidents

Banks/authorised exchange dealers-natural persons 3)

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)


115


116

Table 2.8

Serbia's External Debt by Creditor1)

(In million euros, preliminary data)

IMF IBRD IDA EUROFIMA IFC EIB European Community

EUROFOND - CEB EBRD Total

(1 to 9) Paris Club

consolidated debtOther

governments ²

Foreign governments

and their development

banks

Total(11 t 13)

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

164.6 1,655.7 0.0 129.2 105.2 275.6 0.0 25.8 0.0 2,356.2 4,168.9 523.2 0.0 4,692.1 2,440.8

308.7 1,815.4 0.0 138.6 146.2 56.4 223.8 27.5 2.2 2,718.7 4,313.2 637.4 0.0 4,950.6 2,606.3

541.5 1,815.4 160.9 141.8 145.4 102.9 223.8 26.0 42.4 3,200.1 2,518.4 608.2 41.7 3,168.3 2,341.9

730.4 1,815.4 219.5 125.1 174.2 155.8 259.8 24.2 112.1 3,616.5 2,301.9 525.7 61.2 2,888.7 2,189.8

706.4 1,815.4 318.5 124.2 69.2 207.0 259.8 21.2 221.0 3,742.8 2,186.2 522.6 78.3 2,787.1 851.4

731.8 1,801.6 407.7 136.1 30.0 275.2 273.3 18.2 301.4 3,975.2 2,358.3 645.3 117.3 3,120.9 982.7

185.4 1,616.0 417.9 128.2 139.7 386.6 273.3 24.7 368.9 3,540.8 1,761.2 620.8 202.2 2,584.2 871.2

0.0 1,603.1 425.6 113.2 178.9 516.9 273.3 29.7 415.4 3,556.0 1,674.3 595.4 231.3 2,501.0 780.5

0.0 1,588.0 461.1 113.6 183.6 591.7 273.3 52.1 600.3 3,863.9 1,674.6 659.6 236.1 2,570.3 819.8

1,532.1 1,238.2 469.0 100.5 197.9 740.5 273.3 57.0 671.5 5,280.0 1,581.0 503.2 314.2 2,398.4 808.3

1,978.3 1,358.7 511.6 110.5 223.5 1,030.6 273.3 50.5 857.7 6,394.8 1,616.7 684.7 371.6 2,673.0 754.4

2,076.9 1,437.2 540.9 99.6 366.3 1,550.6 373.3 73.1 1,179.9 7,697.8 1,582.0 720.0 479.1 2,781.1 720.4

1,841.0 1,452.5 536.7 112.2 420.6 2,020.5 328.5 70.5 1,185.5 7,968.1 1,475.9 747.5 606.6 2,830.0 652.1

1,130.8 1,436.0 496.4 92.2 464.6 2,314.3 283.8 98.3 1,202.1 7,518.6 1,370.4 947.7 751.4 3,069.5 294.5

614.4 1,534.5 491.6 76.5 341.7 2,318.2 231.8 111.9 1,078.8 6,799.5 1,362.8 1,904.2 896.1 4,163.0 303.6

507.5 1,836.5 471.6 66.6 307.6 2,263.6 179.9 101.5 1,063.4 6,798.2 1,367.6 2,123.5 1,138.4 4,629.5 304.0

2014

Mar 951.2 1,432.3 490.9 92.6 465.0 2,355.4 282.0 97.9 1,182.6 7,350.0 1,338.2 945.1 808.3 3,091.6 295.3

Jun 772.2 1,433.9 487.3 92.9 422.4 2,365.0 282.0 95.7 1,163.3 7,114.7 1,343.1 952.6 826.8 3,122.5 284.1

Sep 702.0 1,427.3 492.1 76.2 424.2 2,360.1 276.6 116.0 1,113.1 6,987.5 1,347.9 1,805.1 859.5 4,012.6 305.4

Dec 614.4 1,534.5 491.6 76.5 341.7 2,318.2 231.8 111.9 1,078.8 6,799.5 1,362.8 1,904.2 896.1 4,163.0 303.6

2015

Mar 606.0 1,532.9 513.8 87.9 338.6 2,271.5 230.0 112.6 1,027.2 6,720.4 1,409.5 2,113.8 978.6 4,501.9 342.2

Jun 538.0 1,696.2 493.2 88.3 315.2 2,213.5 230.0 108.1 1,077.6 6,760.1 1,389.5 2,058.6 951.7 4,399.8 313.3

Sep 514.3 1,794.5 474.5 65.8 317.2 2,216.8 224.6 104.3 1,079.7 6,791.7 1,352.2 2,047.3 1,012.2 4,411.7 312.0

Dec 507.5 1,836.5 471.6 66.6 307.6 2,263.6 179.9 101.5 1,063.4 6,798.2 1,367.6 2,123.5 1,138.4 4,629.5 304.0

2016

Mar 489.9 1,835.9 442.8 65.8 304.1 2,294.3 178.1 119.6 990.2 6,720.8 1,320.1 2,077.2 1,123.4 4,520.7 293.6

Source: National Bank of Serbia

2014

2015

NOTE: External debt of the Republic of Serbia is calculated on a due-for-payment basis and includes the amount of debt under principal and the amount of accrued interest which is not paid at the agreed due date. External debt does not include loans concluded before 20 December 2000 in respect of which no payments are made (EUR 976.3 million, of which EUR 422.4 million relating to domestic banks and EUR 553.9 million to domestic enterprises).1) Stock of Republic of Serbia's debt includes debt of Kosovo and Metohija in respect of credits concluded before the arrival of KFOR mission.2) Of the total amount of debt to Foreign governments EUR 39.5 million relates to debt to Libya, while non-convertible debt is debt to the former Czechoslovakia.

Stock of external debt

Medium and long-term debt

Governments and their agenciesInternational financial organizations

2012

2013

2008

2009

2010

2011

2006

2007

2005

2003

London Club

2004

2002

2000

2001

16 17 18 19 20 21 22 23 24

0.0 0.0 33.6 9,522.6 527.5 235.7 763.2 115.6 10,401.4

0.0 1.6 77.2 10,354.4 569.0 209.5 778.5 121.7 11,254.6

0.0 3.0 245.5 8,958.8 491.5 148.3 639.8 103.0 9,701.6

0.0 8.9 636.9 9,340.8 416.0 136.1 552.2 85.9 9,978.8

0.0 177.2 1,560.4 9,118.9 176.3 260.4 436.7 78.9 9,634.5

0.0 193.8 3,270.3 11,543.0 196.9 754.2 951.1 26.0 12,520.1

0.0 280.0 6,022.8 13,299.1 172.9 795.2 968.1 23.3 14,290.5

0.0 524.6 8,955.4 16,317.6 0.0 1,043.9 1,043.9 20.8 17,382.3

0.0 1,007.6 10,866.3 19,127.9 0.0 1,831.8 1,831.8 21.8 20,981.6

0.0 1,013.1 10,898.9 20,398.6 0.0 1,852.4 1,852.4 21.4 22,272.4

0.0 1,057.3 10,848.5 21,728.0 0.0 1,757.5 1,757.5 23.1 23,508.7

772.8 728.9 10,787.1 23,488.1 0.0 611.6 611.6 23.8 24,123.5

2,084.0 697.3 10,935.5 25,167.0 0.0 455.0 455.0 23.3 25,645.3

3,760.4 625.4 10,157.3 25,425.7 0.0 196.3 196.3 22.3 25,644.3

4,264.5 434.9 9,590.1 25,555.5 0.0 98.6 98.6 25.3 25,679.4

4,711.1 305.0 9,281.8 26,029.7 0.0 315.8 315.8 28.1 26,373.6

2014

3,770.3 562.6 10,265.7 25,335.4 0.0 139.1 139.1 22.4 25,496.9 Mar

3,800.4 549.5 10,096.9 24,968.1 0.0 153.3 153.3 22.5 25,144.0 Jun

4,085.1 469.9 10,170.1 26,030.5 0.0 116.3 116.3 24.2 26,171.0 Sep

4,264.5 434.9 9,590.1 25,555.5 0.0 98.6 98.6 25.3 25,679.4 Dec

2015

4,806.7 433.6 9,614.8 26,419.7 0.0 157.8 157.8 28.5 26,606.0 Mar

4,632.4 400.5 9,697.5 26,203.7 0.0 176.4 176.4 27.5 26,407.5 Jun

4,611.8 386.7 9,466.8 25,980.7 0.0 208.4 208.4 27.3 26,216.4 Sep

4,711.1 305.0 9,281.8 26,029.7 0.0 315.8 315.8 28.1 26,373.6 Dec

2016

4,527.5 216.9 9,266.3 25,545.7 0.0 353.4 353.4 27.2 25,926.3 Mar

2014

2015


Medium and long-term debt Short-term debt

Non - convertible

currency debt ²

TOTAL(19, 22 and 23)Euro - bonds Other financial

organizations Other creditors

2012

2013

2008

2009

2010

2011

2005

2006

2007

2003

2004

2001

Total(10, 14, 15, 16,

17 and 18)

Russia, China - trade debt for gas

and oil imports Other

2002

Total(20 and 21)

2000


117

Table 2.9

External debt of the Republic of Serbia, by type of debtor(In million euros, preliminary data)

Of which: NBS debt under IMF Stand by arrangement

Of which: Government obligation under

IMF SDR allocation

Total(with 1 and 2)

Banks Enterprises Households and NPISHs

Total(4 , 5 and 6)

1 2 3 4 5 6 7 8

164.6 0.0 9,416.9 105.2 116.1 0.0 221.3 9,638.2

308.7 0.0 10,162.1 144.8 169.2 0.0 314.1 10,476.1

541.5 0.0 8,567.2 159.6 335.0 0.0 494.6 9,061.7

730.4 0.0 8,470.4 288.6 667.6 0.0 956.3 9,426.7

706.4 0.0 7,189.7 615.5 1,392.6 0.0 2,008.1 9,197.8

731.8 0.0 7,844.4 1,332.2 2,392.4 0.0 3,724.6 11,569.0

185.4 0.0 6,564.0 2,823.9 3,934.5 0.0 6,758.4 13,322.4

0.0 0.0 6,282.4 2,410.6 7,645.4 0.0 10,056.0 16,338.4

0.0 0.0 6,547.5 2,128.0 10,474.2 0.0 12,602.3 19,149.8

1,110.0 422.2 7,765.1 2,591.0 10,063.9 0.0 12,654.9 20,420.0

1,528.9 449.5 9,093.8 3,359.5 9,297.8 0.0 12,657.3 21,751.1

1,617.6 459.3 10,800.4 3,868.6 8,842.8 0.0 12,711.5 23,511.9

1,388.7 452.3 12,184.9 3,721.7 9,283.3 0.3 13,005.4 25,190.3

697.2 433.7 13,119.6 3,219.3 9,107.7 1.4 12,328.4 25,448.0

151.9 462.6 14,140.2 2,502.8 8,934.7 3.0 11,440.6 25,580.8

14.8 492.7 15,295.8 2,056.5 8,701.6 3.9 10,762.0 26,057.8

2014

Mar 515.4 435.9 12,922.4 3,028.6 9,405.0 1.8 12,435.4 25,357.8

Jun 332.7 439.5 12,749.5 2,922.8 9,316.5 1.8 12,241.1 24,990.7

Sep 247.0 455.0 13,827.8 2,766.5 9,458.5 1.9 12,226.9 26,054.7

Dec 151.9 462.6 14,140.2 2,502.8 8,934.7 3.0 11,440.6 25,580.8

2015

Mar 108.0 498.0 15,044.9 2,388.4 9,011.9 3.0 11,403.4 26,448.2

Jun 51.2 486.8 14,870.0 2,278.7 9,079.2 3.3 11,361.2 26,231.2

Sep 29.2 485.2 14,884.1 2,268.3 8,851.9 3.7 11,123.9 26,008.0

Dec 14.8 492.7 15,295.8 2,056.5 8,701.6 3.9 10,762.0 26,057.8

2016

Mar 7.3 482.6 14,932.6 1,912.0 8,724.4 4.0 10,640.3 25,572.9

2014

2) External debt of the private sector of the Republic of Serbia comprises debt of banks, enterprises and other sectors which is not government-guaranteed. External debt of the private sector does not include loans concluded before 20 December 2000 in respect of which no payments are made (EUR 976.3 million, of which EUR 422.4 million relating to domestic banks and EUR 553.9 million to domestic enterprises).

2009

2010

2011

Source: National Bank of Serbia

2015

NOTE: External debt of the Republic of Serbia is calculated on a due-for-payment basis and includes the amount of debt under principal and the amount of accrued interest which is not paid at the agreed due date. 1) External debt of the public sector of the Republic of Serbia comprises government debt (including debt of Kosovo&Metohija under loans concluded before the arrival of the KFOR mission, non-regulated debt towards Libya and clearing debt towards former Czechoslovakia), debt of the National Bank of Serbia, local governments, state funds and agencies, and government-guaranteed debt.

2012

2013

2006

2007

2008

2003

2004

2005

2000

2001

2002

Medium and long-term debt

Public sector¹ Private sector² Total

(3 and 7)



118

Banks Enterprises Total(10 and 11)

9 10 11 12 13 14

107.7 128.1 527.5 655.6 763.2 10,401.4

113.3 95.0 570.1 665.1 778.5 11,254.6

95.9 48.4 495.5 543.9 639.8 9,701.6

80.0 41.2 431.0 472.2 552.2 9,978.8

73.4 152.4 210.9 363.3 436.7 9,634.5

84.5 592.6 274.0 866.6 951.1 12,520.1

56.9 641.7 269.5 911.2 968.1 14,290.5

33.9 892.3 117.7 1,010.0 1,043.9 17,382.3

17.7 1,322.9 491.2 1,814.1 1,831.8 20,981.6

1.5 1,713.1 137.8 1,850.9 1,852.4 22,272.4

0.0 1,730.7 26.9 1,757.5 1,757.5 23,508.7

0.0 581.7 29.8 611.6 611.6 24,123.5

0.0 427.9 27.1 455.0 455.0 25,645.3

0.0 171.3 25.0 196.3 196.3 25,644.3

5.0 56.7 36.8 93.6 98.6 25,679.4

0.0 186.3 129.5 315.8 315.8 26,373.6

2014

0.0 114.6 24.6 139.1 139.1 25,496.9 Mar

0.0 127.6 25.7 153.3 153.3 25,144.0 Jun

0.0 88.9 27.4 116.3 116.3 26,171.0 Sep

5.0 56.7 36.8 93.6 98.6 25,679.4 Dec

2015

5.0 109.6 43.2 152.8 157.8 26,606.0 Mar

5.0 126.2 45.2 171.4 176.4 26,407.5 Jun

5.0 150.9 52.5 203.4 208.4 26,216.4 Sep

0.0 186.3 129.5 315.8 315.8 26,373.6 Dec

2016

0.0 237.2 116.2 353.4 353.4 25,926.3 Mar

2014

2009

2010

2011

2015

2012

2013

2006

2007

2008

2003

2004

2005

2000

2001

2002

Short-term debt

TOTAL(8 and 13)Public sector¹

Private sector ²Total

(9 and 12)



119


121

III Real Sector

RSD, (in constant prices of the previous year, reference year 2010)

Growth rate(in %)

RSD(current prices)

1 2 3

1995 1,869,043.8 59,295.0 1995

1996 1,914,389.7 2.4 112,494.4 1996

1997 2,051,935.4 7.2 142,770.2 1997

1998 2,101,806.8 2.4 183,405.1 1998

1999 1,846,509.0 -12.1 214,680.8 1999

2000 1,989,783.5 7.8 413,120.6 2000

2001 2,089,127.7 5.0 820,842.1 2001

2002 2,237,785.6 7.1 1,037,897.3 2002

2003 2,336,593.1 4.4 1,220,160.0 2003

2004 2,547,973.3 9.0 1,451,448.2 2004

2005 2,689,141.9 5.5 1,751,371.2 2005

2006 2,821,026.8 4.9 2,055,198.1 2006

2007 2,987,150.3 5.9 2,355,065.6 2007

2008 3,147,461.2 5.4 2,744,913.2 2008

2009 3,049,387.2 -3.1 2,880,059.0 2009

2010 3,067,210.2 0.6 3,067,210.2 2010

2011 3,110,196.1 1.4 3,407,563.2 2011

2012 3,078,619.2 -1.0 3,584,235.8 2012

2013 3,157,793.1 2.6 3,876,403.4 2013

2014 3,099,964.4 -1.8 3,908,469.6 2014

2015 3,122,949.2 0.7 3,973,033.6 2015

2011 2011

Q3 795,397.8 0.8 879,454.0 Q3

Q4 826,008.5 2.1 942,269.1 Q4

2012 2012

Q1 718,564.1 -0.9 770,766.6 Q1

Q2 766,147.6 0.3 882,758.1 Q2

Q3 790,005.0 -0.7 950,365.2 Q3

Q4 803,902.4 -2.7 980,345.9 Q4

2013 2013

Q1 734,475.3 2.2 869,433.6 Q1

Q2 774,382.5 1.1 964,526.8 Q2

Q3 818,228.7 3.6 1,000,427.2 Q3

Q4 830,706.7 3.3 1,042,015.9 Q4

2014 2014

Q1 737,035.2 0.3 892,205.0 Q1

Q2 766,520.5 -1.0 969,153.8 Q2

Q3 783,139.6 -4.3 997,654.9 Q3

Q4 813,269.1 -2.1 1,049,455.8 Q4

2015 2015

Q1 724,082.0 -1.8 882,568.7 Q1

Q2 774,834.4 1.1 989,589.6 Q2

Q3 801,241.7 2.3 1,034,332.0 Q3

Q4 822,791.1 1.2 1,066,543.2 Q4

2016 2016

Q1 751,672.2 3.8 923,181.5 Q1

Q2 790,448.6 2.0 1,013,347.8 Q2

Source: SORS.


122

Table 3.1

Republic of Serbia GDP(In million dinars, by quarter)

Mining Manufacturing Electricity, gas and steam supply

1 2 3 4 5

1999 81.0 1999

2000 90.4 91.9 91.9 84.1 103.6 2000

2001 90.5 80.1 92.6 85.1 108.6 2001

2002 92.1 81.4 95.1 83.7 112.6 2002

2003 89.5 81.8 91.0 85.6 114.4 2003

2004 95.4 82.5 98.6 85.5 111.2 2004

2005 96.0 85.5 97.6 92.1 105.3 2005

2006 100.0 89.0 102.0 94.3 107.8 2006

2007 104.1 89.2 106.7 97.3 107.3 2007

2008 105.6 93.9 107.9 99.3 110.6 2008

2009 92.3 90.3 90.6 100.1 106.5 2009

2010 93.4 93.8 92.9 95.7 98.2 2010

2011 95.7 103.0 92.7 105.0 97.4 2011

2012 93.6 103.1 91.9 97.5 93.0 2012

2013 98.8 108.5 96.3 105.4 95.6 2013

2014 92.4 90.4 94.9 84.2 97.6 2014

2015 100.0 100.0 100.0 100.0 100.0 2015

2014 2014

Aug 86.3 90.7 92.2 63.8 88.3 Aug

Sep 88.8 79.1 96.7 63.5 85.8 Sep

Oct 101.5 97.9 107.8 79.7 93.9 Oct

Nov 96.6 88.8 100.5 85.4 101.1 Nov

Dec 98.6 82.7 102.9 88.7 106.0 Dec

2015 2015

Jan 83.3 91.9 76.4 104.0 106.2 Jan

Feb 86.0 88.3 82.8 96.4 104.0 Feb

Mar 100.6 93.7 101.0 101.2 103.0 Mar

Apr 97.5 91.5 99.2 93.5 100.8 Apr

May 101.6 90.7 104.8 94.6 100.8 May

Jun 105.1 95.9 108.9 95.4 100.1 Jun

Jul 102.0 104.1 102.8 98.4 95.1 Jul

Aug 97.7 103.8 99 91.4 91.9 Aug

Sep 101 109 105.7 82.2 92.7 Sep

Oct 108.8 108.3 110.7 102.2 98.1 Oct

Nov 107.5 109.3 105.9 112.4 104.5 Nov

Dec 109 113.5 103 128.2 102.6 Dec

2016 2016

Jan 90.3 99.5 78.2 128.6 103.2 Jan

Feb 98.1 103.5 91.8 117.9 102.3 Feb

Mar 109.5 109.4 107.1 118 101.3 Mar

Apr 105.5 102.9 109.8 91.8 98.7 Apr

May 102.3 92.5 107.6 87.6 98.9 May

Jun 103.2 79.7 113.4 76 98.1 Jun

Jul 102.7 107.9 108.1 82.3 98.4 Jul

Source RSO.

Stocks of finished goodsTotal

By sector

Table 3.2

Industrial Production(2015=100)


123

Table 3.3

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 166.9 14.4 138.9 3,056 3,056 2000

2001 143.9 19.3 140.6 5,635 5,635 2001

2002 140.5 21.6 208.7 5,156 460 2002

2003 183.9 28.7 270.3 3,865 452 2003

2004 190.4 49.2 319.3 3,676 277 2004

2005 180.5 59.9 319.9 4,820 680 2005

2006 180.5 81.2 307.0 4,515 797 2006

2007 185.9 100.6 322.0 4,457 1,161 2007

2008 181.3 109.7 290.6 4,720 1,112 2008

2009 145.9 88.5 321.6 4,582 1,184 2009

2010 132.0 84.9 220.9 4,557 1,524 2010

2011 136.6 111.3 145.9 4,652 1,906 2011

2012 122.0 98.6 175.0 4,640 2,472 2012

2013 94.8 75.5 184.7 4,612 2,823 2013

2014 94.5 83.0 93.3 4,223 2,959 2014

2015 100.0 100.0 100.0 4,602 2,974 2015

2011 2011

Q3 149.4 131.3 107.0 1,225 496 Q3

Q4 145.3 156.0 229.6 1,166 446 Q4

2012 2012

Q1 106.9 66.0 101.2 1,066 479 Q1

Q2 130.9 106.2 81.4 1,208 669 Q2

Q3 130.7 115.9 97.3 1,193 672 Q3

Q4 119.4 106.2 420.1 1,173 652 Q4

2013 2013

Q1 83.4 52.8 189.4 1,080 676 Q1

Q2 94.1 63.3 139.3 1,190 710 Q2

Q3 101.3 92.4 206.9 1,173 720 Q3

Q4 100.2 93.4 203.0 1,169 717 Q4

2014 2014

Q1 78.7 53.9 34.7 1,023 699 Q1

Q2 91.6 71.6 88.6 1,027 746 Q2

Q3 101.2 88.5 92.9 1,108 794 Q3

Q4 107.7 112.8 155.7 1,065 720 Q4

2015 2015

Q1 82.4 57.6 38.5 1,060 686 Q1

Q2 101.4 97.5 95.5 1,144 742 Q2

Q3 107.5 116.1 104.9 1,206 774 Q3

Q4 108.8 128.8 161.0 1,192 772 Q4

2016 2016

Q1 83.0 66.2 71.1 985 1,003 Q1

Q2 99.6 103.1 62.5 1,043 1,084 Q2

Source: Monthly Statistical Review, "Communications" (several issues) and data from the RSO.

Construction (2015=100) Transport


124

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 82001 16.2 2,128 7,197 2001

2002 22.0 60.8 39.8 110.4 2,209 311 7,206 738 2002

2003 26.2 69.3 44.4 111.6 2,000 340 6,684 792 2003

2004 33.8 81.7 48.0 113.1 1,971 391 6,643 851 2004

2005 49.7 103.4 56.2 111.1 1,987 452 6,501 990 2005

2006 60.1 111.4 63.4 102.9 2,006 466 6,592 1,016 2006

2007 78.2 137.1 72.1 109.9 2,305 696 7,329 1,478 2007

2008 94.2 146.1 79.8 111.0 2,265 645 7,334 1,399 2008

2009 88.9 124.5 78.1 98.2 1,981 639 6,580 1,455 2009

2010 96.7 125.3 81.7 97.1 2,001 684 6,413 1,453 2010

2011 88.0 102.6 86.3 98.5 2,069 765 6,645 1,643 2011

2012 94.1 100.5 90.3 97.1 2,080 810 6,485 1,796 2012

2013 94.7 95.5 96.1 98.3 2,192 900 6,567 2,099 2013

2014 98.6 97.5 96.7 98.2 2,192 1,029 6,086 2,353 2014

2015 100.0 100.0 100.0 100.0 2,437 1,132 6,652 2,490 2015

2014 2014

Aug 106.2 105.7 101.8 104.3 268 132 827 284 Aug

Sep 100.3 98.8 102.1 102.8 209 109 540 211 Sep

Oct 108.0 106.8 102.1 102.6 197 97 487 198 Oct

Nov 101.3 100.5 96.0 96.4 137 67 354 144 Nov

Dec 109.5 110.5 97.0 98.3 159 77 386 160 Dec

2015 2015

n 83.6 85.1 89.5 90.6 138 54 459 146 n

Feb 80.7 81.0 86.1 86.3 131 53 391 126 Feb

Mar 91.0 90.3 95.8 96.1 156 72 422 154 Mar

Apr 101.4 99.7 98.3 98.7 202 87 497 180 Apr

May 103.0 101.4 106.9 106.9 268 114 636 227 May

Jun 100.8 98.8 106.8 106.6 227 110 633 221 Jun

Jul 106.9 106.2 103.3 104.0 255 127 775 285 Jul

Aug 106.9 106.7 104.7 104.9 300 147 904 312 Aug

Sep 101.2 101.1 104.9 103.4 219 115 593 230 Sep

Oct 109.1 109.4 105.3 104.1 220 99 542 206 Oct

Nov 102.2 102.9 98.4 98.0 145 67 367 224 NovDec 114.9 116.5 100.1 100.3 177 86 433 178 Dec

2016 2016

n 90.3 90.2 96.2 97.0 150 67 475 187 n

Feb 89.4 90.6 95.1 95.3 167 66 546 159 Feb

Mar 100.5 101.8 101.4 101.5 179 80 513 183 Mar

Apr 108.9 109.3 102.3 102.6 223 94 555 192 Apr

May 105.3 105.5 110.5 111.5 292 120 708 242 May

Jun 107.1 107.1 110.4 111.0 253 113 692 236 Jun

Jul 111.9 112.2 287 144 866 309 Jul

Monthly data are preliminary.

1) Monthly series do not include turnover of private trade businesses.

TourismCatering indices

(2015=100) Retail trade indices 1)

(2015=100)

NOTE:

Table 3.4

Trade, Catering and Tourism


125

Employment (in thousands), average

Number of employed persons¹

Number of unemployed

persons¹

Average gross wages, total

Average net wages, total

1 2 3 4 5

2000 2,264 722 3,806 2,389 2000

2001 2,258 769 8,691 5,840 2001

2002 2,208 843 13,260 9,208 2002

2003 2,169 947 16,612 11,500 2003

2004 2,167 844 20,555 14,108 2004

2005 2,171 888 25,514 17,443 2005

2006 2,115 913 31,745 21,707 2006

2007 2,085 850 38,744 27,759 112 2007

2008 2,082 756 45,674 32,746 111 2008

2009 1,985 747 44,147 31,733 111 2009

2010 1,901 744 47,450 34,142 103 2010

2011 1,866 753 52,733 37,976 97 2011

2012 1,866 762 57,430 41,377 101 2012

2013 1,865 775 60,708 43,932 97 2013

2014 1,845 767 61,426 44,530 103 2014

2015 1,883 743 61,145 44,432 100 2015

2014 2014

Aug 757 62,992 45,610 112 Aug

Sep 749 60,803 43,975 104 Sep

Oct 741 61,963 44,938 92 Oct

Nov 739 60,982 44,206 98 Nov

Dec 1,866 742 68,739 49,970 108 Dec

2015 2015

Jan 1,871 754 54,208 39,285 113 Jan

Feb 1,887 760 58,992 42,749 112 Feb

Mar 1,889 767 59,141 43,121 92 Mar

Apr 1,891 762 62,532 45,605 104 Apr

May 1,886 754 60,487 43,964 96 May

Jun 1,888 746 61,302 44,583 94 Jun

Jul 1,900 739 62,687 45,601 101 Jul

Aug 1,899 738 61,538 44,630 104 Aug

Sep 1,904 736 60,503 43,925 99 Sep

Oct 1,913 721 60,767 44,124 92 Oct

Nov 1,908 717 60,913 44,166 93 Nov

Dec 1,886 724 70,763 51,485 104 Dec

2016 2016

Jan 1,886 741 55,763 40,443 108 Jan

Feb 1,885 748 61,279 44,450 106 Feb

Mar 1,891 749 63,029 45,870 99 Mar

Apr 1,910 735 67,464 49,249 111 Apr

May 1,922 721 60,520 43,951 101 May

Jun 1,924 707 64,019 46,450 109 Jun

Jul 700 63,699 46,280 Jul

Source: Central Registry of Compulsory Social Insurance, Statistical Office of the Republic of Serbia, National Employment Service, National Bank of Serbia.

1) Number of employees in legal entities and the number of entrepreneurs and their employees (excluding registered individual farmers).

2) Unemployed persons are considered as of July 2004, in accordance with law, to be only active unemployed persons and not all persons on the NES records.

3) Unit labour cost calculated by National Bank of Serbia.

Real indices of unit labor costs in industry

(2015 = 100) ³

Wages (in dinars)


126

Table 3.5

Employment and Wages

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

2013 0.8 -11.6 0.1 -0.9 2013

2014 0.2 -7.9 0.0 -1.0 2014

2015 0.7 - 0.0 - 2015

2014 2014

Sep 1.0 -0.1 0.1 -5.0 Sep

Oct 1.6 -6.4 -0.2 -3.9 Oct

Nov 1.5 -8.6 -0.3 0.3 Nov

Dec 0.2 -7.9 -1.0 2.2 Dec

2015 2015

Jan -0.9 -3.2 -0.5 -0.2 Jan

Feb -0.2 -2.4 0.8 -1.4 Feb

Mar 0.7 -3.0 1.0 0.3 Mar

Apr 1.0 -4.6 0.3 0.6 Apr

May 1.1 -7.7 0.4 -0.6 May

Jun 1.2 -5.8 0.3 -0.1 Jun

Jul 0.4 -3.2 -0.4 -1.2 Jul

Aug 0.0 0.0 -0.2 1.1 Aug

Sep -1.2 5.8 -1.1 -0.3 Sep

Oct -0.7 3.9 -0.3 -1.3 Oct

Nov -0.2 1.4 0.1 1.0 Nov

Dec 0.7 -2.2 -0.2 -1.8 Dec

2016 2016

Jan 0.3 -2.1 -0.4 0.9 Jan

Feb -1.4 -2.3 -0.8 -1.3 Feb

Mar -1.5 -0.4 0.9 -2.0 Mar

Apr -1.5 -0.6 0.2 1.5 Apr

May -1.9 0.7 0.0 3.2 May

Jun -1.6 -0.4 0.6 -0.2 Jun

Jul -1.2 -6.9 -0.1 -3.4 Jul

Aug -0.6 - 0.2 - Aug

2) For annual values: average monthly rate of growth.

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)

Table 3.6

Producer Prices (Growth rates in %)


127

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 10.8 10.6 9.1 13.0 8.9 9.7 9.6 8.2

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

2013 2.2 -2.5 -6.1 -0.4 5.7 3.5 4.5 2.0 3.5 4.2

2014 1.7 2.2 5.4 0.5 0.6 -0.3 3.9 2.1 1.5 2.3

2015 1.5 -0.1 -4.5 2.5 3.0 1.5 2.0 1.5 2.6 1.6

2014

Sep 2.1 1.6 5.0 -0.4 2.2 1.1 3.5 2.3 1.8 2.0

Oct 1.8 0.5 1.6 -0.2 1.9 1.9 3.4 1.8 1.8 1.9

Nov 2.4 2.9 8.2 0.1 1.3 1.7 3.5 2.5 1.6 2.0

Dec 1.7 2.2 5.4 0.5 0.6 -0.3 3.9 2.1 1.5 2.3

2015

Jan 0.1 0.5 1.3 0.1 -1.5 -2.6 3.4 0.5 0.4 1.7

Feb 0.8 2.4 5.6 0.6 -1.2 -2.1 3.2 1.3 0.6 1.8

Mar 1.9 4.7 10.4 1.6 -1.1 -0.5 3.3 2.3 1.0 1.9

Apr 1.8 4.0 8.3 1.5 -0.3 -0.4 3.1 2.2 1.2 1.9

May 1.5 2.7 4.1 1.8 -0.1 0.2 3.0 1.7 1.3 1.9

Jun 1.9 3.3 4.8 2.4 -0.1 0.6 3.2 2.1 1.6 2.1

Jul 1.0 1.0 -2.0 2.8 0.5 -0.3 2.6 1.3 1.8 1.8

Aug 2.1 2.3 0.8 3.3 0.7 2.8 3.1 2.0 2.2 2.2

Sep 1.4 0.9 -2.5 3.1 0.7 1.8 3.0 1.4 2.1 2.1

Oct 1.4 1.3 -2.1 3.3 1.2 0.3 2.6 1.6 2.2 2.2

Nov 1.3 0.3 -4.6 3.3 2.0 0.3 2.5 1.4 2.5 2.2

Dec 1.5 -0.1 -4.5 2.5 3.0 1.5 2.0 1.5 2.6 1.6

2016

Jan 2.4 1.7 -0.1 2.8 3.2 2.2 2.6 2.4 2.9 2.0

Feb 1.5 0.1 -2.9 2.1 2.8 0.7 2.4 1.6 2.4 1.7

Mar 0.6 -1.8 -7.2 1.7 2.9 -0.7 2.1 0.8 2.3 1.7

Apr 0.4 -2.0 -7.7 1.7 2.5 -0.1 2.0 0.5 2.1 1.7

May 0.7 -0.8 -4.8 1.8 2.3 -0.2 1.8 0.9 2.0 1.6

Jun 0.3 -2.3 -7.5 1.1 2.5 0.3 1.7 0.4 1.8 1.5

Jul 1.2 -0.3 -2.5 0.9 2.8 0.9 1.5 1.3 1.9 1.5

Aug 1.2 0.9 1.3 0.8 3.0 -2.4 1.9 1.9 2.0 1.8

Energy

Annual rates, %1)

Consumer prices (CPI)

- total

Unprocessed food

Processed food

Industrial goods excluding food

and energy

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 beverages

Services


128

Table 3.7

Consumer Prices (Growth rates in %)

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

0.2 -0.2 -0.4 0.0 0.5 0.3 0.4 0.2 0.3 0.4 2013

0.2 0.2 0.5 0.0 0.1 0.0 0.3 0.2 0.1 0.2 2014

0.1 0.0 -0.3 0.2 0.3 0.1 0.2 0.1 0.2 0.1 2015

2014

0.7 2.3 5.6 0.4 0.2 0.3 -1.0 0.7 -0.1 -0.4 Sep

-0.2 -1.4 -3.5 -0.1 0.0 0.6 0.9 -0.3 0.3 0.5 Oct

0.0 0.4 1.2 -0.1 -0.4 -0.3 0.1 0.1 -0.2 0.2 Nov

-0.4 -0.4 -1.8 0.4 -0.3 -2.1 0.5 -0.1 0.2 0.6 Dec

2015

-0.2 0.6 1.1 0.2 -0.2 -1.4 -0.6 0.0 -0.2 -0.5 Jan

0.9 2.2 4.3 0.9 0.1 0.6 0.1 0.9 0.3 0.0 Feb

0.7 1.4 3.0 0.5 0.1 1.6 0.0 0.6 0.2 0.0 Mar

0.5 0.7 1.8 0.0 0.8 0.1 0.3 0.6 0.4 0.3 Apr

-0.3 -1.1 -3.0 0.1 0.2 0.3 0.1 -0.4 0.1 0.1 May

0.5 0.5 1.0 0.2 0.0 0.3 1.1 0.5 0.4 0.6 Jun

-0.9 -3.7 -10.0 0.2 0.4 -0.4 1.2 -1.0 0.6 0.5 Jul

0.9 1.0 2.0 0.5 0.0 3.3 0.4 0.5 0.3 0.2 Aug

0.0 0.9 2.1 0.2 0.1 -0.7 -1.1 0.1 -0.3 -0.5 Sep

-0.2 -1.0 -3.0 0.1 0.6 -0.8 0.5 -0.1 0.4 0.6 Oct

-0.1 -0.6 -1.4 -0.1 0.3 -0.3 0.1 -0.1 0.1 0.3 Nov

-0.2 -0.8 -1.6 -0.3 0.7 -0.9 0.1 0.0 0.2 0.0 Dec

2016

0.6 2.3 5.7 0.5 -0.1 -0.8 -0.1 0.8 0.1 -0.1 Jan

-0.1 0.7 1.3 0.3 -0.3 -0.9 -0.2 0.1 -0.1 -0.3 Feb

-0.1 -0.5 -1.5 0.1 0.2 0.3 -0.3 -0.2 0.0 0.0 Mar

0.4 0.4 1.2 -0.1 0.4 0.6 0.2 0.3 0.2 0.3 Apr

0.1 0.2 0.0 0.2 0.0 0.2 0.0 0.0 0.0 0.0 May

0.1 -0.9 -1.8 -0.5 0.1 0.8 1.0 0.0 0.2 0.6 Jun

-0.1 -1.8 -5.2 0.1 0.7 0.2 1.0 -0.2 0.6 0.5 Jul

0.9 2.3 6.1 0.3 0.1 -0.2 0.7 1.1 0.4 0.5 Aug

Food and non-alcoholic beverages

Processed food

Industrial goods excluding food

and energyEnergy Services

Consumer prices (CPI)

- total

Monthly rates, %2)

CPI excluding energy

CPI excluding energy and

unprocessed food

CPI excluding energy, food, alcohol and

tobacco

Unprocessed food


129


131

IV Fiscal Sector


132

Table 4.1

Public Finance(In million dinars, end of period)

Consolidated Public Revenues Consolidated Public Expenditures General Government Fiscal Balance

1 2 3

2005 755,987.1 735,247.8 20,739.3 2005

2006 906,443.6 937,308.5 -30,864.9 2006

2007 1,046,843.8 1,091,878.3 -45,034.5 2007

2008 1,193,462.6 1,265,501.8 -72,039.2 2008

2009 1,200,776.7 1,327,913.5 -127,136.8 2009

2010 1,278,434.7 1,419,450.6 -141,015.9 2010

2011 1,362,641.1 1,526,125.0 -163,483.9 2011

2012 1,472,118.2 1,717,306.2 -245,188.1 2012

2013 1,538,053.8 1,750,150.4 -212,096.6 2013

2014 1,620,752.1 1,878,878.5 -258,126.4 2014

2015 1,694,831.1 1,843,965.5 -149,134.3 2015

2014 2014

Sep 138,207.7 155,834.2 -17,626.5 Sep

Oct 141,725.0 145,695.7 -3,970.7 Oct

Nov 142,265.2 155,068.9 -12,803.7 Nov

Dec 172,977.2 261,420.4 -88,443.3 Dec

2015 2015

Jan 127,072.2 111,186.3 15,885.9 Jan

Feb 128,320.7 139,982.4 -11,661.7 Feb

Mar 125,134.1 150,509.3 -25,375.2 Mar

Apr 144,521.8 145,283.8 -762.0 Apr

May 132,966.7 138,393.1 -5,426.4 May

Jun 147,177.8 155,187.8 -8,010.0 Jun

Jul 149,368.6 153,121.7 -3,753.1 Jul

Aug 141,083.3 146,038.2 -4,954.9 Aug

Sep 142,091.7 149,141.6 -7,049.9 Sep

Oct 139,268.5 151,227.9 -11,959.5 Oct

Nov 147,327.5 149,171.5 -1,844.0 Nov

Dec 170,498.1 254,721.7 -84,223.6 Dec

2016 2016

Jan 143,414.9 112,916.3 30,498.7 Jan

Feb 134,480.4 155,982.2 -21,501.8 Feb

Mar 136,783.5 161,785.0 -25,001.5 Mar

Apr 151,266.1 162,101.5 -10,835.3 Apr

May 149,124.9 146,925.6 2,199.3 May

Jun 160,421.4 154,025.4 6,395.9 Jun

Jul 169,820.6 152,511.2 17,309.5 Jul

Aug 159,330.9 149,884.7 9,446.2 Aug

Source: Republic of Serbia Ministry of Finance.


133

Table 4.2

Net Government Position(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

2013 1,162 4 1,166 111,281 148,647 259,928 -258,762 241,136 129,245 370,381

2014 1,232 5 1,236 131,994 166,254 298,248 -297,012 310,369 181,890 492,259

2015 1,185 6 1,191 158,466 130,475 288,941 -287,750 360,321 210,338 570,659

2014

Sep 1,158 6 1,163 164,395 173,113 337,507 -336,344 308,763 164,376 473,139

Oct 1,158 4 1,163 171,097 171,706 342,803 -341,640 314,497 167,893 482,390

Nov 1,158 5 1,163 160,151 174,774 334,924 -333,762 303,802 178,178 481,980

Dec 1,232 5 1,236 131,994 166,254 298,248 -297,012 310,369 181,890 492,2592015

Jan 1,227 5 1,232 129,778 184,757 314,535 -313,303 304,223 195,653 499,876

Feb 1,306 5 1,311 152,381 181,042 333,423 -332,112 295,092 197,795 492,886

Mar 1,346 5 1,351 150,292 169,326 319,618 -318,267 293,183 199,354 492,536

Apr 1,263 5 1,269 150,022 173,962 323,984 -322,715 296,901 203,308 500,209

May 1,228 5 1,233 139,175 168,775 307,950 -306,717 299,790 206,646 506,437

Jun 1,254 5 1,259 133,649 152,892 286,541 -285,282 305,076 195,934 501,010

Jul 1,253 5 1,259 135,679 158,951 294,630 -293,371 303,640 197,879 501,519

Aug 1,229 6 1,235 138,159 152,456 290,615 -289,380 303,714 196,330 500,044

Sep 1,233 6 1,238 169,093 143,056 312,149 -310,911 320,895 204,184 525,079

Oct 1,194 5 1,199 182,076 139,982 322,058 -320,859 340,186 211,099 551,285

Nov 1,233 5 1,238 187,004 138,048 325,052 -323,814 348,163 214,941 563,104

Dec 1,185 6 1,191 158,466 130,475 288,941 -287,750 360,321 210,338 570,659

2016

Jan 1,142 9 1,152 192,169 143,567 335,736 -334,584 370,682 223,526 594,208

Feb 1,193 10 1,203 187,713 134,871 322,584 -321,381 392,763 230,100 622,863

Mar 1,177 11 1,188 153,354 125,802 279,156 -277,968 392,418 240,011 632,429

Apr 1,214 12 1,226 127,682 120,636 248,318 -247,092 381,214 239,139 620,353

May 1,203 13 1,216 126,360 112,820 239,180 -237,964 395,666 238,031 633,697

Jun 1,252 12 1,265 124,487 111,918 236,405 -235,141 386,878 248,903 635,781

Jul 1,214 12 1,226 159,503 111,684 271,187 -269,961 390,469 251,393 641,861

Aug 1,250 13 1,262 168,860 102,296 271,156 -269,894 394,304 250,367 644,6711) Includes local government.

Government deposits Credit to government Net

(3-6)

Credit to government

Government net position with the banking sector 1)

Net position with the NBS Net position with banks


134


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

17,767 44,031 61,798 308,583 49,821 2013

32,468 64,965 97,434 394,825 97,813 2014

23,326 79,031 102,357 468,302 180,552 2015

2014

12,545 51,090 63,635 409,504 73,160 Sep

13,665 50,651 64,316 418,074 76,434 Oct

13,125 59,728 72,853 409,128 75,366 Nov

32,468 64,965 97,434 394,825 97,813 Dec2015

30,410 67,133 97,543 402,333 89,030 Jan

30,277 64,901 95,178 397,709 65,597 Feb

30,453 70,930 101,383 391,154 72,886 Mar

31,388 71,239 102,627 397,582 74,867 Apr

32,950 83,027 115,977 390,459 83,742 May

34,108 69,759 103,867 397,143 111,861 Jun

33,748 68,811 102,559 398,960 105,589 Jul

33,906 69,325 103,230 396,814 107,434 Aug

28,642 69,473 98,114 426,965 116,054 Sep

26,248 69,821 96,069 455,216 134,357 Oct

25,347 76,068 101,415 461,689 137,875 Nov

23,326 79,031 102,357 468,302 180,552 Dec

2016

24,071 78,928 102,998 491,210 156,625 Jan

24,299 80,312 104,612 518,251 196,870 Feb

28,176 78,853 107,030 525,399 247,431 Mar

29,769 78,006 107,775 512,578 265,486 Apr

30,292 86,849 117,141 516,556 278,592 May

30,372 78,011 108,383 527,398 292,257 Jun

24,222 76,517 100,740 541,122 271,160 Jul

24,362 76,857 101,219 543,453 273,559 Aug

Total(7+14)

Government deposits Net

(10-13)

Net position with banks

Government net position with the banking sector 1)


135


137

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.

The methodology was changed several times over the

past years, in order to be harmonized with international

standards of statistical reporting.

A new Chart of Accounts for banks and other financial

organizations came into force on 1 July 2008, when data

were accordingly harmonized.

The implementation of a new decree on the

classification of activities, which came into force in

August 2010, also reflected on the manner of disclosing

data in the publication, and substantial changes in data

series were made in line with the decree.

As of 31 December 2014, a new Charts of Accounts came

into force for banks and other financial organizations,

aligned with the International Accounting Standards.

Harmonization with the System of National Accounts

(SNA2008) and the European System of Accounts

(ЕSА2010), and the performed sectoral reclassification of

institutional units, resulted in a break in the data time series.

In December 2014, reclassification of institutional units

was made. Division was made into institutional sectors, in

line with the European System of Accounts, which resulted

in breaks in data time series; hence, the following changes

were registered as of December 2014:

‒ Related institutional units subject or not subject to

consolidation (finance and insurance sectors, public

enterprises, companies, foreign persons and other

clients) have been distributed to the appertaining sectors

in accordance with the European System of Accounts,

and are no longer presented separately.

‒ The “Cash loans” category within the household sector is

shown separately and excluded from the “Other loans” category.

‒ The criteria for classifying companies as a public

enterprise or a company are the following: ownership,

control and management. Therefore, at the end of 2014,

loans to public enterprises took up a larger share in total

loans compared to previous years.

‒ The National Bank of Serbia publishes a list of

financial organizations, on the basis of which a larger

number of holding companies transferred from the

sector of other financial organizations into companies.

In Due to the re-classification of the Deposit Insurance

Agency from the insurance sector (other financial

corporations) to the government sector, since June 2016

there has been an increase in government FX deposits

with the NBS and a decrease in government FX deposits


138

with other financial corporations. To ensure

comparability of data series, statistical data from

December 2014 onwards were revised to accommodate

the said reclassification.

I MONETARY ANDFINANCIAL STATISTICS

(Tables 1.1.1 to 1.3.14, 2.5, 2.6)

1 Monetary Statistics (Tables 1.1.1 to 1.1.21, 2.5, 2.6)

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) Finance and insurance sector,

2) Corporate sector (nonfinancial corporations),

3) Public sector,

4) Household sector, and

5) Other clients (nonprofit institutions serving

households).

The finance and insurance sector includes corporations

engaged in financial intermediation (banks and other

financial institutions). Banks include the NBS and other

depository institutions. Other financial institutions

include: insurance companies, pension funds, financial

leasing, auxiliary activities in the provision of financial

services and insurance (companies managing pension

and investment funds, Belgrade Stock Exchange,

Central Securities Depository and Clearing House,

Securities Commission, broker-dealer companies,

exchange offices – at present, through banks only),

holding companies, investment funds, money funds and

other lending and financing services.

The corporate sector (enterprises) comprises public

enterprises and companies. Public enterprises are

founded by the state and perform activities in the general


139

(public) interest. Enterprises also include 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).

The 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 (provincial

and municipal budgets and funds). Data for the state

union show joint income and expenditures of the

constituent republics.

The household 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) comprises legal entities and natural persons

registered for producing goods and services for political

or business purposes which are not profit oriented

(humanitarian, philanthropic and trade associations,

employers' associations and other associations

promoting interests of social groups that control or

finance them). This category includes trade unions,

professional associations (other than financial sector

association) and academic societies, consumer

protection associations, political parties, churches,

religious communities, cultural, recreational and

amateur sports clubs, voluntary organizations.

Data on claims and liabilities refer to 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 1.1.1; 1.1.2; 1.1.4; 1.1.5 and 1.1.17 to 1.1.19)

The above tables show data on the main monetary

aggregates: money supply and reserve money according

to the narrow and broad definitions. 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.

Money supply M2, in addition to M1, includes other

dinar deposits, both short- and long-term.

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 1.1.2)

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.

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 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 exchange liabilities of the NBS (Column 3)

comprise 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

nonresidents. 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 1.1.3)

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 24 and 25) 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 BalanceSheet (Table 1.1.4)

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 1.1.5)

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 1.1.6 to 1.1.9)

Tables 1.1.6 and 1.1.6а show data on deposits of

nonmonetary sectors with banks by maturity and sector.

Methodologically they correspond to deposits from

Table 1.1.3.

In total dinar and foreign currency household deposits,

entrepreneurs are recorded in separate columns.

Corporate deposits (Table 1.1.7) and household deposits

(Table 1.1.8) are shown under deposits hedged against

risk and foreign currency deposits by currency structure.


140

Table 1.1.9 shows data on corporate deposits by

economic activity sector. Sectoral structure is aligned

with the Law on Classification of Activities and Register

of Classification Units.

Total dinar and foreign currency deposits include

deposits of public enterprises and companies.

Bank Claims on Non-Monetary Sectors(Tables 1.1.10 to 1.1.16)

Tables 1.1.10 and 1.1.11 show the maturity breakdown

of dinar and foreign currency bank claims on public

enterprises and companies, households, local

government, other financial organisations and on non-

profit and other organisations.

Short-term claims (Table 1.1.10) 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 1.1.11) are broken down into

dinar (loans, securities and shares) and foreign currency

claims.

The final columns show provisioning against losses of

enterprises and households on both short- and long-term

claims.

Bank claims on the corporate sector (Table 1.1.12) and

households (Table 1.1.13) are shown as risk hedged

dinar claims and foreign currency claims by currency.

Bank claims on the corporate sector (Table 1.1.14)

include total dinar and foreign currency claims and are

shown by sector of economic activity pursuant to the

Law on Classification of Activities and Register of

Classification Units.

In Tables 1.1.12 and 1.1.14 total bank claims on the

corporate sector are composed of claims on public

enterprises and claims on companies.

Table 1.1.13 shows total bank claims on households,

with entrepreneurs shown in a separate column.

Tables 1.1.15 and 1.1.16 show bank claims on corporate

and household sectors by purpose of loans and other

claims.

Household Savings (Table 1.1.20)

The table shows dinar and foreign currency household

savings with commercial banks at the period-end.

Short-term dinars savings are shown without the stocks

expressed in transaction accounts of bank clients in

dinars, while short-term foreign currency savings within

demand deposits also include the stocks expressed in

transaction accounts of bank clients in a foreign

currency.

Composition of Household Savings (Table 1.1.21)

The table shows dinar and foreign currency household

savings by maturity. Short-term savings are broken down

into demand deposits, 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 years and

five years and deposits over five years.

The table shows short-term dinar savings without the

stocks expressed in transaction accounts of bank clients

in dinars, while short-term foreign currency savings

within demand deposits also include the stocks

expressed in transaction accounts of bank clients in a

foreign currency.

2 Statistics of Other FinancialIntermediaries (Tables 1.2.1 to 1.2.3)

The balance sheets of financial leasing, factoring

companies and investments funds are produced on a

quarterly basis and show gross book balances at the end

of a quarter. Financial assets and liabilities are classified

by financial instruments and sectors in accordance with

the European System of Accounts ESA 2010. Financial

instruments in foreign currency include FX-indexed and

FX-denominated instruments.

3 Interest Rates and Dinar Exchange RateMovements (Tables 1.3.1 to 1.3.14)

Interest Rates of the NBS (Table 1.3.1)

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.

Methodological explanations of bankinterest rates under the new methodology(Tables 1.3.2 – 1.3.9)

As of September 2010, the NBS compiles and publishes

interest rate statistics in accordance with the methodology

prescribed by the European Central Bank. This

methodology sets out the data that banks are required to


141

record, process and submit to the NBS with a view to

monitoring the level of weighted average interest rates on

loans and deposits for outstanding amounts and new

business. The NBS publishes tables showing weighted

average monthly interest rates offered by banks, quoted in

% per annum. These rates are calculated as the weighted

average of the amount of loans or deposits and the level

of interest rate on certain loans and/or deposits, reported

by banks to the NBS on a monthly basis.

In submitting data on the level of interest rates on loans

and deposits, banks use the following three types of

calculated interest rates: 1) annualised agreed rate –

interest rate agreed between the bank and the client for

loans and deposits, converted to yearly terms and quoted

in percentages per annum (AAR); 2) narrowly defined

effective rate – interest rate that on an annual basis

equalises the present value of all future or existing

commitments (loans or deposits, repayment of principal,

interest payments), excluding any other charges agreed

by the bank and the client (NDER); 3) effective interest

rate for statistics – interest rate that in annual terms

equals the present value of all financial commitments,

existing or future, including any other charges agreed by

the bank and the client (EIRS). The effective interest

rate for statistics is calculated only for new business,

specifically consumer and housing loans to the

household sector. AAR, NDER and EIRS interest rates

are derived from annual nominal rates.

Outstanding amounts include gross carrying amounts of

bank loans (excluding allowances for impairment) and

carrying amounts of bank deposits as at the last calendar

day of the reporting month. Loans classified as NPLs

and loans for debt restructuring at rates considerably

below market rates are not included in outstanding

amounts when reporting interest rates on loans and

deposits. Interest rates on outstanding amounts are

calculated as weighted average interest rates applied on

the carrying amount of loans and deposits as at the last

day of the reporting month.

New business includes all new loan or deposit contracts

concluded between the bank and the client during the

reporting month, except for loans for debt restructuring

at rates considerably below market rates. Contract

conclusion date is the deciding factor for qualifying and

including new loan or deposit into the report on the level

of bank interest rates for the reporting month. New

business includes all financial arrangements whose

conditions have been agreed for the first time during the

reporting month, and all existing contracts whose

conditions have been re-agreed with active participation

of the client. Interest rates on new business represent

weighted average interest rates on all new loans and

deposits agreed in the reporting month.


142

Interest rates on new business represent weighted

average interest rates on all new loans and deposits

agreed in the reporting month. When calculating interest

rates on new business, all interest rates applying to new

contracts are taken into account, even those that may

never be shown in the bank’s interest rate statistics for

outstanding amounts. For example, a bank and a client

may agree on an interest rate to be applied to a certain

amount, but the client may ultimately decide not to

withdraw or deposit funds or the contract may be

cancelled. In that case, the agreed interest rate and the

loan or deposit amount will be included in interest rate

statistics for new business but not in the interest rate

statistics for outstanding amounts.

For volatile instruments (overnight deposits, deposits

redeemable at notice, revolving loans, credit card debt

and current account overdrafts), interest rates on

outstanding amounts and new business coincide. The

concept of new business for those volatile instruments

does not pertain only to new business in the given

month, but is extended to include total balance for these

instruments. Since for volatile instruments data referring

to the total balance are reported, there is no

differentiation between outstanding amounts and new

business. Interest rates for volatile instruments are

calculated as weighted average interest rates applied to

the carrying amount of those instruments on the last

calendar day of the reporting month.

For the purposes of this Methodology, banks’

investment into non-transferable securities that may not

be traded in the secondary market is considered to be a

loan. Non-transferable security is a security whose

ownership is not transferable from one party to another.

A bank buys a security from a client at a set price, with

the firm obligation on the client’s part to redeem the

same (or similar) security at a set price at an agreed

future time. Purchase of securities and agreeing to sell in

future (reverse repo) is classified as loan business.

Investment into transferable securities traded in the

secondary market, e.g. shares, is treated as investment

into securities, not loans, and is not shown in reports on

bank lending interest rates.

From September 2010 to December 2014, the category

“Other Loans” in household sector pertained to cash and

other loans aggregately. As of the adoption of the

Decision on the Chart of Accounts and Contents of

Accounts in the Chart of Accounts for Banks and the

Decision on Collection, Processing and Submission of

Data on the Balance and Structure of Accounts in the

Chart of Accounts, these two loan categories are shown

separately. Owing to this change, as of January 2015,

cash and other loans in our tables 1.3.2 and 1.3.3 are

shown separately. This explains discontinuity in the

level of interest rates and loan amounts in the category

“Other loans” in the household sector.


143

Under this methodology, for the purposes of reporting

on interest rates on bank loans and deposits, household

sector includes households (natural persons), private

entrepreneurs, farmers (registered agricultural

producers) and NPISHs (non-profit institutions serving

households). Non-financial sector (non-financial legal

persons) includes public enterprises and companies, i.e.

independent legal persons whose core activity is

production of goods and non-financial services.

Interest Rates on Loans to Household Sector,by Type, Maturity and Purpose – OutstandingAmounts (Table 1.3.2)

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.

Interest Rates on Loans to Household andNon-Financial Sectors, by Type, Maturityand Purpose – Outstanding Amounts (Table 1.3.2a)


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.

Interest Rates on Loans to HouseholdSector, by Type, Maturity and Purpose –New Business (Table 1.3.3)

The table shows weighted average annual interest rates

on loans agreed 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.

Interest Rates on Loans to Household andNon-Financial Sectors, by Type, Maturityand Purpose – New Business (Table 1.3.3a)


loans agreed 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.

Interest Rates on Deposits from Householdand Non-Financial Sectors, by Maturity –Outstanding Amounts(Table 1.3.4)

The table shows weighted average annual interest rates

on all deposits (carrying amount of deposits), by

maturity, as at the last day of the reporting month.

Interest Rates on Deposits from Householdand Non-Financial Sectors, by Maturity –New Business (Table 1.3.5)


deposits agreed during the reporting month, by maturity.

Interest Rates on Loans to Household andNon-Financial Sectors, by Currency –Outstanding Amounts (Table 1.3.6)

The table shows weighted annual interest rates on bank

loans (excluding revolving loans, current account

overdrafts and credit card debt) for households and non-

financial legal persons, by currency.

Interest Rates on Loans to Household andNon-Financial Sectors, by Currency – NewBusiness (Table 1.3.7)

The table shows weighted interest rates on loans to

households and non-financial legal persons, by currency.

Interest Rates on Term Deposits from Household

and Non-Financial Sectors, by Currency –

Outstanding Amounts

(Таble 1.3.8)

The table shows weighted annual interest rates on term

deposits from households and non-financial legal persons,

by currency – outstanding amounts.

Interest Rates on Term Deposits fromHousehold and Non-Financial Sectors, byCurrency – New Business (Таble 1.3.9)

The table shows weighted annual interest rates on term

deposits from households and non-financial legal persons

agreed during the reporting month, by currency – new

business.

Bank interest rates under oldmethodology– data updated concludingwith June 2011(Tables 1.3.10 and 1.3.11)

Weighed Interest Rates on Bank Loans andDeposits, 2005-2011(Tables 1.3.10 and 1.3.11)

The tables show weighted average monthly interest rates

on bank loans and deposits quoted in % per annum. Data

on interest rates on loans (new business) and deposits

(stock of deposits as at the last day of the reporting

month) are given on the basis of nominal (agreed)

interest rate in dinars. Household sector includes natural

persons, farmers and entrepreneurs. Dinar loans include

also foreign currency-indexed loans without the

possibility to disaggregate them. New business includes

all loan contracts concluded in the reporting month,

whose disbursement commenced in the same month.

Banks’ investments into securities are considered to be

loans and are subject to reporting.

The table Weighted Interest Rates on Loans shows

weighted average annual interest rates agreed between

banks and clients for loans whose disbursement

commenced in the given month. They are calculated as a

weighted average of the amount of approved loans and

the level of interest rate on certain loans reported by

banks to the NBS on a monthly basis.

The table Weighted Interest Rates on Deposits shows

weighted average interest rates at which banks calculate

and pay interest on term and demand deposits of

households and legal entities. Weighted average interest

rates are calculated based on the data on interest rates on

particular types of deposits and the stock of deposits at

the end of the given month, submitted by banks to the

NBS on a monthly basis.

As of September 2010, statistics of loan and deposit

interest rates is fully aligned with the ECB regulations.

Interest Rates on Securities(Table 1.3.12)

The table shows weighted interest rates at auctions

organized by the National Bank of Serbia. The weight


144

used in calculating the average interest rate is the

purchase price of the securities sold.

Weighted yield rates on RS 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.

Dinar Exchange Rates against ForeignCurrencies – end of period (Table 1.3.13)

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 against ForeignCurrencies – average for the period(Table 1.3.14)

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.


145

II INTERNATIONALECONOMIC RELATIONS(Tables 2.1 to 2.9)

Balance of Payments of the Republic ofSerbia (Tables 2.1 and 2.2)

The balance of payments is compiled according to the

IMF’s methodology BPM5 (Balance of Payments

Manual, Fifth Edition, 1993). Data are disseminated at

monthly and annual level, in EUR million. The value of

transactions is recalculated from original currencies into

reporting currency by applying the official middle

exchange rates of the National Bank of Serbia (NBS) on

the transaction date. The main data sources for compiling

the balance of payments are the Statistical Office of

Republic of Serba and the reports submitted to the NBS.

Standard presentation classifies the balance of payments

components into current and capital-financial

transactions. The main items within current transactions

are goods, services, income and current transfers. Data

on exports and imports of goods are derived from

customs declarations. In line with BPM5, exports and

imports of goods are adjusted on grounds of coverage

and valuation by applying the 3.1% coefficient

established by the Statistical Office. Data on the value of

exports and imports of services are based on ITRS. The

undervaluation of registered FX inflows and/or outflows

is estimated and incorporated in data. As regards freight

transport, expenditures are increased by a part of the

costs of freight and insurance sevices provided by non-

residents for imported goods. The income account

includes receipts and payments in respect of

compensation of employees, and income on direct,

portfolio and other investments. The main sources of

data for the income account are ITRS 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 grants and other current transfers. The main

source of data is ITRS. The inflow of remittances is

increased by the amount of non-registered remittances

estimated by applying NBS methodology.

Capital account includes receipts and payments under

migrants’ personal transfers, as well as

acquisition/disposal of non-financial non-produced

assets. The main sources of data are ITRS and the

Statistical Office.

Financial account includes foreign direct investments,

portfolio investments, other investments and changes in

FX reserves. Direct investments are investments

whereby the owner acquires at least a 10% ownership

stake and include investments by non-residents into

resident legal entities, investments by residents into non-

resident legal entities, and sale/purchase of real estate in

the country and/or abroad. Direct investments comprise

investments in cash and in kind, reinvested earnings and

intercompany lending. The main sources of data are

ITRS, direct reporting, reports on credit-financial

transactions and the Statistical Office. Data on portfolio

investments are derived from ITRS. Portfolio

investments include: (а) up to 10% equity investments,

(b) investments in debt securities and (c) investments in

financial derivatives.

Other investments cover all financial transactions that

cannot be classified as direct or portfolio investments.

Table 3.1 shows other investments under the following

items: Medium- and long-term loans, Loans to abroad,

Short-term loans and deposits, Other and Banks.

Medium- and long-term loans show data on effective

drawings and repayments of principal under foreign

loans (including drawings and repayments of IMF loans,

and early repayment of principal and interest). Short-

term loans to abroad show outflows on account of

lending to non-residents, as well as repayments under

these loans. Short-term loans and deposits include data

on loans with maturity up to one year, and short-term

trade credits under current oil and gas imports. The item

Other comprises: advance payments on account of

exports and imports of goods, loro cheques, growth in

new FX savings (excluding the effect of exchange rate

changes for the period 2001–2006), settled liabilities

under frozen FX savings and other. The item Banks

shows changes in the FX reserves of banks, excluding

the effect of exchange rate changes (for the period

2001–2006).

Table 3.2 shows other investment through the following

items: trade credits, financial loans, currency and

deposits and other assets/liabilities. Trade credits

(granted to and received from abroad) represent the

difference between the physical volume of trade in

goods and the collections and payments made on that

account. Financial loans include short-term (up to one

year) and long-term loans (over one year) granted to

(assets) and received from abroad (liabilities). Currency

and deposits relate to data on changes in foreign assets

and liabilities of banks (excluding exchange rate

changes). Past due or prepaid obligations on account of

principal and interest repayments are recorded under

Other assets/liabilities.

Reserve assets show changes in NBS FX reserves in the

period observed excluding the effects of exchange rate

changes and price changes of gold and securities.

Errors and omissions represent a residual category. In

the period 1997–2000, this item covered short-term

trade credits, exchange rate changes and standard errors

and omissions.

Balance of Payments of the Republic ofSerbia(Tables 2.3)

The balance of payments is compiled according to the

IMF’s methodology BPM6 (Balance of Payments

Manual, Sixth Edition, 2009). Data are disseminated at

the monthly and annual level, in EUR million and USD

million.

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 (NBS) on the transaction date. The main data

sources for compiling the balance of payments are:

reports submitted to the NBS and data of the Statistical

Office of Republic of Serbia.

The standard presentation classifies the balance of

payments components into current, capital and financial

transactions. The main items within current transactions

are: goods, services, primary income and secondary

income. Names and definitions of current account

transactions are harmonised with items from the System

of National Accounts (SNA 2008 and ESA 2010). Data

on exports and imports of goods are derived from

customs declarations and reports submitted to the NBS.

In line with BPM6, exports and imports of goods show

only goods whose ownership changed. Data on external

trade are adjusted based on coverage (merchanting,

goods without customs declarations etc) and based on

classification (cif/fob adjustment – by applying the 3.1%

coefficient established by the Statistical Office). Data on

the value of exports and imports of services are based on

the ITRS, performed through banks and the NBS. The

undervaluation of registered FX inflows and/or outflows

is estimated and incorporated in data (transport/tourism).

Financial services also include financial intermediation

services indirectly measured (FISIM).

The primary income account includes collections and

payments in respect of employee compensations and

income in respect of investments (direct, portfolio and

other investments). Direct investment income includes

total profit of legal persons, i.e. dividends and reinvested

earnings. Investment income excludes the value of

FISIM which is included into trade in services. The main

sources of data are the ITRS performed through banks

and the NBS, reports on credit-financial transactions and

direct reporting.

The secondary income account includes current transfers

of the government and other sectors. The main sources of

data are ITRS reports, data of the Statistical Office and

reports of other NBS organisational units. The inflow of

remittances is increased by the amount of non-registered

remittances estimated by applying the NBS method.

The capital account includes receipts and payments

under the acquisition of non-produced and non-financial

assets, as well as other capital transfers. The main

sources of data are ITRS records.

In accordance with the BMP6 methodology, items

within the financial account are expressed by the assets-

liabilities approach. An increase in assets/liabilities is

shown with a positive sign, while a decrease is shown

with a negative sign. The net value of items is obtained

as a difference between assets and liabilities. The

financial account separately shows: direct investments,

portfolio investments, financial derivatives, other

investments and reserve assets.

Direct investments are investments whereby the owner

acquires at least a 10% ownership stake and include

investments into equity (including reinvested earnings)

and debt instruments (intercompany loans), as well as

investments in cash and in kind. The main sources of

data are ITRS reports, direct reporting, reports on credit-

financial transactions and the Statistical Office.

Portfolio investments include investments into equity

securities whereby the owner acquires less than 10% of

ownership stake and debt securities. Data on portfolio

investments are compiled from the ITRS performed

through banks and the NBS and the Central Securities

Depository and Clearing House.

Financial derivatives include transactions of all sectors

in these financial instruments, apart from the NBS

(contained in reserve assets). Transactions in financial

derivatives are treated separately from the value of the

core activity that they are connected with, which is

shown under the appertaining category. Other

investments cover all financial transactions that cannot

be classified as direct investments, portfolio

investments, financial derivatives or reserve assets.

They include: other equity, currency and deposits, loans,

insurance, pension and other standardised guarantee

schemes, trade credit and advances, other accounts

receivable/payable, and SDR allocation.

Other equity includes up to 10% of equity investment

into legal persons which are not joint-stock companies.

Currency and deposits include currency and deposits

without exchange rate changes. Loans include short-

term (up to one year) and long-term loans (over one

year) approved to abroad (assets) and disbursed from

abroad (liabilities). The source of data are direct reports

on credit-financial transactions submitted to the NBS.

Pension, insurance and standardised guarantee schemes

include non-life insurance technical reserves, life

insurance and annuity entitlements, pension

entitlements, claims of pension funds on pension

managers, entitlements to non-pension funds, and

provisions for calls under standardised guarantees.


146

Short-term trade loans are assessed based on data on the

physical movement of goods and collections/payments

in this respect, while data on long-term trade loans are

obtained from direct reports on credit-financial

transactions. Due but outstanding liabilities or liabilities

paid in advance, other than those included in trade credit

and advances, are recorded under other accounts

receivable/payable. The SDR allocation shows

obligations of IMF members in respect of SDR

allocation.

Reserve assets show changes in NBS FX reserves in the

period observed, excluding the effects of exchange rate

changes and price changes of gold and securities.

Errors and omissions represent a residual category

(difference between shown financial transactions and

transactions on current and capital accounts).

International Investment Position of the Republic of Serbia(Tables 2.4)

The International Investment Position (IIP) of the

Republic of Serbia is prepared in line with the Sixth

Edition of the IMF’s Balance of Payments and

International Investment Position Manual (BPM6), and

the accompanying methodological documents.

The IIP is compiled quarterly and shows the stock at the

period-end, stemming from performed balance of

payments transactions, currency, price and other

changes, and represents the stock of its external

financial assets and liabilities.

Standard IIP components concern primarily assets and

liabilities on the structural side, and direct investments

(equity and debt instruments), portfolio investments

(equity and debt securities), financial derivatives and

other investments (other equity, currency and deposits,

loans, insurance, pension and standardised guarantee

schemes, trade credit and advances, other accounts

receivable/payable and SDR allocation), and reserve

assets (monetary gold, SDRs, reserve position with the

IMF, other reserve assets, currency and deposits,

securities, financial derivatives and other receivables)

on the functional side. The definitions of standard IIP

components are methodologically fully aligned with

components of the balance of payments financial

account. The IIP separately shows the following sectors:

central banks, governments, deposit institutions other

than central banks, and other sectors. IIP components

(where appropriate) are also shown by maturity, with the

division into short-term (up to one year) and long-term

(over one year) financial assets/liabilities. The main

sources of data are reports on credit-financial

transactions submitted to the NBS, the ITRS performed

through banks and the NBS, direct reports of enterprises,

reports of NBS monetary-financial statistics and reports

on FX reserves management.

Bank Foreign Liabilities(Table 2.5)

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.

Foreign Exchange Reserves (Table 2.6)

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 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.


147


148

Foreign Exchange Market(Table 2.7)

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 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%.

Column 2 – total amount of foreign currency that 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.

Column 3 – total amount of foreign currency that 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.


bought from and sold to residents on spot, forward and

swap markets.


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 2.8 and 2.9)

As of 31 May 2014, the stock of external debt was

updated from 2000 until the latest reporting period. Data

are published from 2000 to 2011 at the annual level, and

from 2012 until the latest reporting period by month.

The review of data on the stock of external debt for the

previous and current year will be performed quarterly.

Serbia’s external debt is calculated under the principle of

outstanding debt, which includes the amount of debt under

principal and the amount of calculated unpaid interest.

Table 2.8 shows debt by international, government and

private creditors:

1) International financial organisations (IMF, World

Bank, EBRD, EIB, EUROFIMA etc);

2) Governments and government agencies, showing

separately debt towards the Paris Club creditors, foreign

governments and development banks of foreign

governments;

3) Banks within the London Club creditors;


149

4) Government securities debt (eurobonds) issued in the

foreign financial market;

5) Other creditors (other commercial banks, financial

organisations and suppliers).

Table 2.9 shows debt by debtor, i.e. sector:

1) Public sector external debt covers government debt

(including debt of Kosovo and Metohija under loans

concluded before the arrival of the KFOR Mission to the

province, unregulated debt towards Libya and clearing

debt towards the former Czechoslovakia), the National

Bank of Serbia, local self-government, funds and

agencies founded by the government, and government-

guaranteed debt;

2) Private sector external debt covers non-government

guaranteed debt of banks, enterprises and other sectors.

Private sector external debt does not cover loans

concluded prior to 20 December 2000, under which no

payments are made.

The stock of debt is also shown by contracted maturity:

short-term debt includes debt with the maturity up to one

year. Debt with the maturity over this period is

considered long-term.

III REAL SECTOR (Tables 3.1 to 3.6)

Gross Domestic Product (GDP)(Table 3.1)

As of 30 June 2005, gross domestic product of the

Republic of Serbia is calculated and published on a

quarterly basis by the SORS. 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 3.2)

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 and steam supply.

Stocks of finished goods in industry are taken as end-

month balance.

Construction and Transport (Table 3.3)

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 3.4)

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 3.5)

The SORS publishes data on registered employment

according to a new source – the Central Registry of

Compulsory Social Insurance (CRCSI). The SORS has


150

been using these data since end-2014. A new methodology

was developed, combining data of the CRCSI and the

Statistical Business Registry. The switch to the new data

source has expanded the coverage of business entities and

thus the number of employees in these entities, including

all employment modalities. As so far, employed persons

include persons with a legal employment contract (they

entered into employment for a definite or indefinite

period) and persons who are engaged in independent

activities or are founders of companies or entrepreneurial

firms. In addition, the new source includes persons

working outside the scope of employment (based on the

contract for the supply of services or the contract on

temporary and periodical jobs), persons engaged in

agricultural activities and recorded by the CRCSI, and

persons employed with the Ministry of Interior, Ministry

of Defence and Security Information Agency.

The number of unemployed persons includes persons

registered as unemployed according to the regular

records of the National Employment Service.

Data on gross and net wages of employees in legal entities

of all types of ownership are derived from the monthly

statistical survey (RAD-1), while data on wages of

persons employed with entrepreneurs are taken from the

Tax Administration. Wages are defined in accordance

with the Labour Law (RS Official Gazette, Nos 24/2005

и 61/2005). In January 2009, the SORS expanded the

coverage of observation units. In addition to wages paid

out to employees in legal entities, in calculating average

wages, the wages paid out to persons employed with

entrepreneurs are also taken into account.

The real index of unit labour costs in industry is the ratio

of the real index of average gross wages to the physical

volume of industrial production per employee. For the

purposes of calculating unit labour costs in industry, real

gross wages are nominal gross wages deflated by the index

of industrial producer prices (and not by the typically

applied consumer price index). Labour productivity in

industry is calculated as the ratio of the physical volume of

industrial production to the number of persons employed

in industry. The source of data is the SORS.

Producer Prices (Table 3.6)

Industrial producer prices are prices at which industrial

producers sell their products in the domestic market to

trade and other companies. These prices do not include

turnover tax, discount, cassa sconto, etc. They include a

list of more than a thousand products from 29 areas of

industrial production. The research methodology is

based on the principle of representativeness.

Agricultural and fishing producer prices are those at which

agricultural companies and organisations sell their products

in the 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.

Consumer Prices (Table 3.7)

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).

IV FISCAL SECTOR (Tables 4.1 and 4.2)

Public Finance(Table 4.1)

Data on consolidated public revenue and expenditure

of the Republic of Serbia are provided by the RS

Ministry of Finance in accordance with the IMF’s

Government Finance Statistics Manual.

General government fiscal balance represents the

difference between the total amount of current revenue

and revenue from the sale of nonfinancial assets and the

total amount of current expenditure and expenses on

account of acquisition of nonfinancial assets, called

guarantees and acquisition of financial assets for a

specific public policy purpose.

Government Net Position (Table 4.2)

Net government position with the banking system is itsnet position with the National Bank of Serbia and banks,as explained in tables 1.2 and 1.3. For the sake ofcomplete presentation of the public sector, localgovernment bodies have also been included.


151

List of abbreviations and official currency codes

Abbreviations

BEC = Broad Economic Categories

BPM5 = Balance of Payments Manual, 5th Edition

BPM6 = Balance of Payments Manual, 6th Edition

CEB = Council of Europe Development Bank

CEFTA = Central European Free Trade Agreement

c.i.f. = cost, insurance and freight

CIS = Commonwealth of Independent States

COICOP = Classification of Individual Consumption by Purpose

CPI = Consumer Price Index

EBRD = European Bank for Reconstruction and Development

ЕC = Europеan Commission

EFSE = European Fund for Southeast Europe

ЕIB = European Investment Bank

EU = European Union

EUROFIMA = European Company for the Financing of Railroad Rolling Stock

EUROSTAT = Statistical Office of the European Union

FISIM = Financial intermediation services indirectly measured

f.o.b. = free on board

FX = foreign exchange

GDP = Gross Domestic Product

HICP = Harmonized Index of Consumer Prices

IBRD = International Bank for Reconstruction and Development

ICP = International Consumer Price Index

IDA = International Development Association

IFC = International Finance Corporation

IFS = International Financial Statistics

IIP = International Investment Position

IMF = International Monetary Fund

ITRS = International Transactions Reporting System

KFOR = Kosovo Force, under the authority of the United Nations – NATO

NBS = National Bank of Serbia

NPISH = Non-profit institutions serving households

RS = Republic of Serbia

RSD = Republic of Serbia Dinar

SBA = IMF Stand-by Arrangement

SCD = Single Custom Document

SFRY = Socialist Federal Republic of Yugoslavia

SDR = Special Drawing Rights

SITC = Standard International Trade Classification

SORS = Statistical Office of the Republic of Serbia


152


153

Official currency codes

АТS = Austrian Schilling

BEF = Belgian Franc

CHF = Swiss Franc

DEM = German Mark

EUR = Euro

FRF = French Franc

GBP = British Pound

ITL = Italian Lira

JPY = Japanese Yen

NLG = Netherlands Guilder

RSD = Republic Serbia Dinar

SEK = Swedish Krona

USD = US Dollar

Documents

2016 - nbs.rs · 2016 Q2* M1 (LHS) M3 (RHS) *Estimate In August, monetary multipliers increased. ... 2016 F1 Reserve money 0 2 4 6 8 10 12 14 16 Aug 2014 Nov Feb May Aug 2015 Nov