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BANKS EEA

Acquiring a bank

Acquiring a bank is complicated transaction. It involves all the processes of acquisition including receiving financial regulatory approvals.
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  • SERBIA

    Inhabitants - 7,310,555 (July 2011)

    Language - Serbian (official) 88.3%, Hungarian 3.8%, Bosniak 1.8%, Romany (Gypsy) 1.1%, other 4.1%, unknown 0.9%

    Currency - Serbian Dinar (RSD), floating, exchange rate ~ 0.0085 EUR

    Religion - Serbian Orthodox 85%, Catholic 5.5%, Protestant 1.1%, Muslim 3.2%, unspecified 2.6%, other, unknown, or atheist 2.6%.

    Politics - The politics of Serbia function under the framework of a parliamentary republic. The Prime Minister is the head of government. Executive power is exercised by the government. Legislative power is vested in the National Assembly of Serbia.

    Major industries - base metals, furniture, food processing, machinery, chemicals, sugar, tires, clothes, pharmaceuticals

  • Banks (2010) - 32 banks; 2,487 branches; 29,887 employees; assets – EUR 24.02 billion; loans – EUR 16.42 billion; deposits – EUR 14.27 billion

    Banking regulations – The status, organisation, mandate and functions of the National Bank of Serbia, as well as the relationship between the National Bank of Serbia and other bodies of the Republic of Serbia and international organisations and institutions are regulated by the Law on the National Bank of Serbia (“RS Official Gazette,” Nos. 72/2003, 55/2004 and 44/2010). Among other functions, the National Bank of Serbia has the function of granting and revoking operating licences, supervising bank solvency and legality of operations and performing other activities in line with the law governing banks. The pecuniary part of the initial capital fund cannot be lewer than EUR 10 million in dinar counter value, calculated at the average exchange rate on the day of the payment of the funds.