Veroljub Dugalic

BELGRADE - A 3 pct GDP growth is very achievable for Serbia and the banking sector is capable of backing such expectations, Association of Serbian Banks Secretary-General Veroljub Dugalic said Thursday.

BELGRADE - The credit activity of banks in Serbia is stagnating, with more loans repaid than taken out in February, Secretary General of the Association of Serbian Banks (UBS) Veroljub Dugalic said on Wednesday.

He expressed the expectation that the National Bank of Serbia (NBS) would put all banks to stress test as recently agreed with the International Monetary Fund (IMF).

"Moderate rise in inflation ahead"

BELGRADE -- The inter-annual inflation will see a moderate increase after January this year, approaching the lower limit of the allowed deviation from the target.

That has been set at 2.5 percent by mid 2015, the National Bank of Serbia (NBS) said on Monday.

BELGRADE - The total credit debt of legal entities dropped by two percent compared to 2013, while the debt of citizens increased by around nine percent, the Association of Serbian Banks stated on Monday.

The debt per capita arising from loans and leasing services increased from EUR 834 in 2013 to EUR 861 in 2014.

Economic Summit: Budget review, consumer debt, EU membership

BELGRADE -- Serbian Finance Minister Lazar Krstić said on Tuesday that he believes a revision of the country's budget will be adopted in August or in mid-September.

This will take place "after the flood damage estimates and assessment of their effect on the state budget are completed."

BELGRADE - Veroljub Dugalic, secretary general at the Association of Serbian Banks (UBS), said on Thursday that banks made a loss of EUR 18 million in 2013.

BELGRADE - The trend of decreasing credit activity is continuing in Serbia, while the rate of late payments among individual and corporate clients is rising, Veroljub Dugalic, the secretary general of the Association of Serbian Banks (UBS), said on Thursday.