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Radoslav Jelasic,
National Bank of Serbia |
Since you’ve become central bank governor there have been many changes in the banking industry especially in the past 12 months with the influx of many more foreign banks than before. How do you see the state of the banking industry in Serbia?
Well the processes that were initiated in 2002, the debt for equity swaps with the Paris and London Clubs and the decision that the banks would be sold later, are materializing now in 2005 and 2006.
The state has already sold Novosadska Banka, Jubanka, Kontinental Banka and right now we are entering the final stage of selling Vojvodjanska Banka. As of today, already two-thirds of the banks are majority foreign owned and we are very proud of the fact that all of these...
