Financial services
SVB collapse to have no impact on Serbian banking sector - NBS
BELGRADE - Serbian banks have no business ties with Silicon Valley Bank or any exposure to it and there is no possibility of the bank's closure having a direct or indirect impact on the Serbian banking sector, the National Bank of Serbia (NBS) told Tanjug on Tuesday.
SVB collapse a headache for US Fed before rate decision
The dramatic implosion of Silicon Valley Bank (SVB) last week could bring the Federal Reserve's current cycle of interest rate hikes to an end far sooner than many analysts expected.
Battered by Sanctions and Shareholder Exits, Is End Nigh for Russian ‘Spy Bank’ in Hungary?
This was then followed on February 25 by some ominous-sounding comments from Orban's chief of staff, Gergely Gulyas, who in response to journalist enquiries about the viability of the IIB admitted that "it's in an extremely difficult situation [and] I don't know if it's possible to save the bank."
Why banks postponed dividend pay
The road banks still have to travel to approach normalcy is strewn with pitfalls, despite the high profitability recorded in 2022. This is confirmed by the shift in their intention to distribute dividends by one year.
There are three main reasons for that decision, the first being banks' need to protect their profitability through stable and recurring profits.
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The US intervened to Save the SVB Bank and Calm the Financial System
The US administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a wider systemic crisis.
From wine country to London, bank’s failure shakes worldwide
American regulators shut down Silicon Valley Bank
In a move that sent global banking shares into turmoil, US regulators on Friday shut down Silicon Valley Bank, as markets fretted over possible contagion from the biggest banking failure since the 2008 financial crisis.
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NBS raises key policy rate to 5.75 pct
BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to raise the key policy rate by 25 bp to 5.75 pct, keeping the deposit facility rate at 4.50 pct and raising the lending facility rate to 7.0 pct.
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Banks offer transaction packages
Banks are offering transaction packages in the form of monthly subscriptions that can lead to savings ranging from 7 to 44 euros a month.
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Most self-employed people and farmers opt for the lowest contribution category
Nine out of 10 self-employed professionals, freelancers and farmers out of a total of 1.3 million who are insured in the Single Social Security Entity (EFKA) have once again chosen the lowest contribution category for 2023.