Naslovna 0:Naslovna 0.qxd€¦ · 10 65 70 75 80 85 90 95 100 105 110 115 120 125 130 135 Mar 2010...

March

2012

MarchSTATISTICAL BULLETIN

2012

E D I T O R I A L B O A R D

BRANKO HINIĆ, Editor in Chief

Members of the Editorial Board

JELENA MARAVIĆ

MARINA MLADENOVIĆ-KOMATINA

VESELIN PJEŠČIĆ

BILJANA SAVIĆ

DR MILAN ŠOJIĆ

Statistical Bulletin

Issued and printed by

The National Bank of Serbia

Belgrade, 12 Kralja Petra Street

Telephone: (381 11) 30-27-100

www.nbs.rs

E-mail: [email protected]

ISSN 1451-737X

Published monthly

Technical Editor

Nada Mizdrak

Graphic Design

Nikola Vučković

Computer Processing

Olivera Jovanović

Marija Nenadović

Translation

NBS Language Service

ContentsCurrent Developments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

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

I. Monetary Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15

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

Balance Sheet of the National bank of Serbia (Assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18

Balance Sheet of the National bank of Serbia (Liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20

Balance Sheet of Banks (Assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22

Balance Sheet of Banks (Liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24

Consolidated Balance Sheet of the Banking System (Assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26

Consolidated Balance Sheet of the Banking System (Liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28

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

Short-Term Non-Monetary Sectors Deposits with Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32

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

Corporate Deposits with Banks by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36

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

Corporate Deposits with Banks by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40

Bank Short-Term Claims on Non-Monetary Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42

Bank Long-Term Claims on Non-Monetary Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44

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

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

Bank Claims on the Corporate Sector, Sectoral Breakdown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50

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

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

Money Supply M1 by Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56



Household Savings with Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .59

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

NBS Interest Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .62

Weighted Interest Rates on Loans by Type, Maturity and Purpose – Outstanding Amounts . . . . . . . . . . . . . . . . . .64

Weighted Interest Rates on Loans by Type, Maturity and Purpose – New Business . . . . . . . . . . . . . . . . . . . . . . . .68

Weighted Interest Rates on Deposits by Maturity – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .72

Weighted Interest Rates on Deposits by Maturity – New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .74

Weighted Interest Rates on Loans by Currency – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .76

Weighted Interest Rates on Loans by Currency – New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .77

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

Weighted Interest Rates on Term Deposits by Currency – Outstanding Amounts . . . . . . . . . . . . . . . . . . . . . . . . . .78

Weighted Interest Rates on Term Deposits by Currency - New Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .80

Weighted Interest Rates on Dinar Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .82

Weighted Interest Rates on Dinar Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .84

Interest Rates on Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .86

II. International Economic Relations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .89

Balance of Payments of the Republic of Serbia, 1997-2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .91

Balance of Payments of the Republic of Serbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .92

Serbia's Exports, f.o.b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .94

Serbia's Imports, c.i.f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .96

Bank foreign liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .98

Foreign Exchange Reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100

Forex Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .101

Serbia's External Debt by Creditor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .102

External Debt of the Republic of Serbia, by Type of Debtor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .104

Exchange Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .106

III. Real Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .109

Republic of Serbia GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .110

Industrial Production . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .111

Construction and Transport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .112

Trade, Catering and Tourism . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .113

Employment and Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .114

Producer Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .115

Consumer Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .116

IV. Fiscal Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .119

Public Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .121

Net Government Position with the Banking Sector . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .122

Explanatory Notes to Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .125

7

Current Developments

8

Relative to February, the ratio ofNBS FX reserves to M1 increased inresponse to a rise in FX reservesand a decline in M1. The coverageof reserve money by FX reservesalso rose due to an increase in FXreserves and a drop in reservemoney.

-40

-30

-20

-10

0

10

20

30

40

Mar2010

Jun Sep Dec Mar2011

Jun Sep Dec Mar2012

M1 M2 M3 Reserve money

0

1

2

3

4

5

6

7

8

Mar2010

Jun Sep Dec Mar2011

Jun Sep Dec Mar2012

M1 M2 M3

In March, annual growth rates ofM1, M2 and M3 and reserve moneydeclined from a month earlier.

Monetary multipliers M1, M2 and M3rose relative to February.

Chart 1

Chart 2

Chart 3

300

400

500

600

700

Mar2010

Jun Sep Dec Mar2011

Jun Sep Dec Mar2012

M1 Reserve money

NBS foreign exchange

reserves over reserve money

and M1 (in %, end of period)

Annual growth rates of monetary

aggregates(in %)

Monetary multiplier


9

800,000

850,000

900,000

950,000

1,000,000

1,050,000

1,100,000

1,150,000

1,200,000

1,250,000

1,300,000

1,350,000

1,400,000

1,450,000

1,500,000

1,550,000

Mar

2010

Jun Sep Dec Mar

2011

Jun Sep Dec Mar

2012Valuation changes included Valuation changes excluded

0

5

10

15

20

Mar2010

Jun Sep Dec Mar2011

Jun Sep Dec Mar2012

Two-week repo

Interest rate on deposit facilities

Interest rate on Lombard loans

Two-week Belibor

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

12009

2 3 4 12011

2 3 4 12012

* Estimate of NBS.

M1 M3

Money supply M3 contracted fromthe previous month both includingand excluding cross-currencychanges.

The two-week repo and interestrates on deposit facilities andLombard loans remained unchangedon February, while the two-weekBelibor rose somewhat.

Measured by M1 and M3, thevelocity of circulation deceleratedsomewhat in Q1 2012 relative to theprevious quarter.

Chart 4

Chart 5

Chart 6

Money supply M3(in millions, end of period)

Weighted average interest rates(per annum)

Velocity of circulation(by quarter)

March 2012

10

65

70

75

80

85

90

95

100

105

110

115

120

125

130

135

Mar2010

Jun Sep Dec Mar2011

Jun Sep Dec Mar2012

Nominal effective exchange rate Real effective exchange rate

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

Mar2010

Jun Sep Dec Mar2011

Jun Sep Dec Mar2012

NBS fx reserves Banks' fx reserves

75

80

85

90

95

100

105

110

115

Feb2010

May Aug Nov Feb2011

May Aug Nov Feb2012

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

Original series Seasonally-adjusted series Trend-cycle

Both nominal and real effectiveexchange rate of the dinar weakenedin March.

In March, FX reserves of the NBSand banks declined relative toFebruary.

Chart 7

Chart 8

Chart 9

Dinar exchange rate(average 2005 = 100)

Serbia's foreign exchange reserves(in million of euros)

Industrial production recorded a y-o-y and s-a decline in February.The trend cycle signals a fallrelative to the month before.

Industrial output(indices 2010 = 100)


11

-10

-8

-6

-4

-2

0

2

4

6

8

10

12

14

16

Mar2008

Jun Sep Dec Mar2009

Jun Sep Dec Mar2010

Jun Sep Dec Mar2011

Jun Sep Dec Mar2012

012345678910111213141516

Dec2009

Mar Jun Sep Dec2010

Mar Jun Sep Dec2011

Mar Jun Sep Dec2012

Mar Jun Sep Dec2013

Economic growth is estimated to beslower than expected in Q1 2012,as indicated by movements in tradeand real wages.

Inflation returned within thetarget tolerance band in Q1 2012and is expected to move within thetarget band in the coming period.

Chart 10

Chart 11

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

Composite index projection(y-o-y growth)

March 2012

13

Statistical Survey

15March 2012

I. 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

2010 2010

Mar 85,859 122,275 214,403 516,561 139,088 178,775 224,947 403,722 1,217,759 10,445 1,413 Mar

Apr 89,433 99,647 194,890 503,518 140,013 181,325 229,446 410,771 1,226,461 10,768 990 Apr

May 84,924 104,356 195,011 524,393 147,884 186,559 232,808 419,367 1,278,762 10,731 1,029 May

Jun 87,681 93,149 187,226 529,697 146,322 183,945 234,003 417,948 1,296,183 10,493 1,102 Jun

Jul 93,087 96,487 195,407 551,853 147,556 190,204 240,643 430,847 1,331,405 10,092 1,017 Jul

Aug 87,754 93,948 187,673 533,524 150,555 158,402 238,309 396,711 1,288,858 10,014 1,218 Aug

Sep 89,751 90,364 185,564 532,762 153,119 160,125 242,870 402,995 1,306,003 9,876 1,298 Sep

Oct 94,998 95,369 195,829 550,680 153,946 163,216 248,944 412,160 1,330,165 9,721 1,611 Oct

Nov 85,184 95,350 186,973 545,787 151,277 169,906 236,461 406,367 1,361,850 9,662 1,685 Nov

Dec 91,750 87,412 188,161 537,338 161,536 157,209 253,286 410,495 1,360,777 10,002 1,684 Dec

2011 2011

Jan 78,658 82,676 168,927 518,418 145,271 151,153 223,930 375,083 1,323,993 9,860 1,022 Jan

Feb 81,045 91,384 180,950 514,811 147,765 149,744 228,810 378,554 1,308,787 10,061 990 Feb

Mar 81,341 80,659 170,164 507,419 148,698 152,675 230,039 382,714 1,315,641 9,919 1,066 Mar

Apr 86,338 97,206 190,145 493,319 146,685 153,984 233,023 387,007 1,287,216 9,952 1,073 Apr

May 78,591 89,829 174,508 466,521 154,835 156,948 233,426 390,374 1,287,252 10,064 1,230 May

Jun 84,286 92,181 182,513 487,809 152,594 165,089 236,881 401,970 1,344,773 9,967 1,177 Jun

Jul 94,642 95,752 196,434 505,524 158,937 156,920 253,579 410,500 1,391,702 10,384 983 Jul

Aug 89,261 90,091 185,518 490,751 166,793 173,310 256,054 429,364 1,405,830 10,420 1,037 Aug

Sep 94,167 81,727 182,251 503,793 162,250 177,424 256,417 433,841 1,412,180 11,358 1,089 Sep

Oct 87,945 90,254 185,203 499,190 167,587 182,483 255,533 438,015 1,412,047 11,272 1,158 Oct

Nov 92,803 91,135 192,432 515,962 170,987 188,388 263,790 452,178 1,457,579 11,398 1,134 Nov

Dec 114,190 104,625 227,067 607,722 179,504 194,220 293,694 487,914 1,500,444 12,058 809 Dec

2012 2012

Jan 107,218 101,684 217,604 558,215 167,979 188,489 275,197 463,687 1,483,002 11,604 762 Jan

Feb 111,189 98,223 220,908 570,502 175,145 184,805 286,334 471,140 1,522,822 11,175 752 Feb

Mar 106,862 78,711 197,425 562,047 159,532 178,619 266,394 445,013 1,499,732 11,073 673 Mar

NOTE:

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.

NBS FX

reserves

(EUR mln)

Time dinar

depositsM1 M2

Dinar reserve

money

Commercial

bank FX

reserves

(EUR mln)

M3Total reserve

money

Currency in

circulation

Bank dinar

reserves

with NBS

Since the 4019 account – government transaction deposits with banks originating from RS Ministry of Finance dinar assets – in which assets of the Public

Payment Administration of RS were held is not a transaction account (no payments are effected through it), in December 2004, assets from this account were removed

and posted under savings and time deposits accounts classified in group 506. Since M1 also includes local government assets, M1 declined but money supply M2

remained unchanged. For the sake of comparability, data were adjusted for the whole period since January 2003 when ZOP was closed down and the government

account with the Public Payment Administration was opened. This note also refers to Tables 3, 4, 4a, 5 and 7.

Demand

deposits

Table 1

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

March 2012

18

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 58,700 208 1,202,822 1,261,730 8,047 1,269,777 1,270 5 1,275 350 0 350

2010

Mar 35,003 820 1,006,131 1,041,954 7,114 1,049,068 11,295 3 11,298 653 375 1,028

Apr 37,294 809 1,030,845 1,068,948 7,080 1,076,028 1,343 4 1,347 4,616 378 4,994

May 42,494 447 1,059,464 1,102,405 7,795 1,110,200 1,344 4 1,348 9,919 421 10,340

Jun 44,860 445 1,049,865 1,095,170 8,372 1,103,542 1,344 4 1,348 14,044 431 14,475

Jul 40,063 805 1,031,198 1,072,066 7,928 1,079,994 1,350 4 1,354 11,872 409 12,281

Aug 43,628 300 1,008,544 1,052,472 7,883 1,060,355 1,349 5 1,354 6,859 418 7,277

Sep 43,068 278 1,005,204 1,048,550 7,849 1,056,399 1,348 5 1,353 1,683 394 2,077

Oct 43,938 800 999,607 1,044,345 7,857 1,052,202 1,350 4 1,354 639 390 1,029

Nov 47,719 253 987,706 1,035,678 8,089 1,043,767 1,351 4 1,355 651 412 1,063

Dec 47,130 234 1,007,787 1,055,151 7,911 1,063,062 1,315 4 1,319 404 0 404

2011

Jan 42,968 684 987,731 1,031,383 7,798 1,039,181 1,308 5 1,313 347 387 734

Feb 44,606 102 993,827 1,038,535 7,770 1,046,305 1,314 4 1,318 344 378 722

Mar 44,416 100 983,037 1,027,554 7,683 1,035,237 1,309 4 1,314 3,977 369 4,346

Apr 43,458 583 947,458 991,499 7,332 998,831 1,314 5 1,319 5,780 338 6,118

May 45,503 15 930,506 976,024 7,270 983,293 1,305 5 1,310 7,163 340 7,503

Jun 46,716 15 974,502 1,021,233 7,756 1,028,989 1,306 4 1,310 4,746 356 5,102

Jul 51,953 733 1,007,765 1,060,451 7,616 1,068,067 1,306 5 1,311 3,520 359 3,880

Aug 57,165 50 1,001,287 1,058,502 7,159 1,065,661 1,309 5 1,314 4,809 355 5,164

Sep 54,800 745 1,093,605 1,149,150 7,583 1,156,733 1,304 5 1,308 6,140 376 6,516

Oct 56,999 767 1,074,930 1,132,697 7,494 1,140,191 1,305 5 1,310 5,723 362 6,085

Nov 62,807 203 1,122,109 1,185,119 7,916 1,193,035 1,306 5 1,311 4,416 393 4,809

Dec 58,700 208 1,202,822 1,261,730 8,047 1,269,777 1,270 5 1,275 350 0 350

2012

Jan 64,644 765 1,165,308 1,230,716 8,085 1,238,802 1,263 5 1,268 7,282 535 7,817

Feb 67,619 251 1,163,419 1,231,289 8,608 1,239,897 1,261 5 1,266 9,542 555 10,097

Mar 64,697 255 1,168,193 1,233,144 8,752 1,241,896 1,267 6 1,273 9,569 561 10,130

Foreign exchange reserves

Foreign

currency

Total

(7+8)

Foreign assets Domestic credit

Total

(10+11)

Credit to banks

Foreign

currency

NOTE:

Total

(4+5)

Credit to government

Other

foreign

assets

Dinar and

indexed

dinar

Since December 2002, NBS claims on banks in respect of funds previously held by ZOP with banks are also included.

The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force on 1 July 2008.

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.

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.

Dinar and

indexed

dinar

SDRs

Cash

holdings

and foreign

currency

Monetary

gold

Total

(1+2+3)

Table 2

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


ASSETS

19

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 1,391,207 2011

2010

0 1,343 3,935 5,278 2,560 20,164 52,817 50,394 1,172,443 Mar

0 1,343 3,965 5,308 2,551 14,200 52,981 56,175 1,199,384 Apr

0 1,343 4,405 5,748 2,862 20,298 57,521 60,326 1,248,345 May

0 1,343 4,514 5,857 3,374 25,054 59,124 61,447 1,249,167 Jun

0 1,343 4,296 5,639 2,976 22,250 57,696 60,763 1,220,703 Jul

0 1,343 4,386 5,729 3,072 17,432 58,575 54,221 1,190,583 Aug

0 1,343 4,134 5,477 3,038 11,945 56,851 54,349 1,179,544 Sep

0 1,325 4,095 5,420 3,136 10,939 56,852 56,901 1,176,894 Oct

0 1,326 4,323 5,649 3,567 11,635 58,344 56,778 1,170,525 Nov

0 1,325 4,194 5,519 3,404 10,645 57,103 56,972 1,187,782 Dec

2011

0 1,325 4,065 5,390 3,151 10,588 56,114 60,970 1,166,853 Jan

0 1,325 3,970 5,295 2,637 9,972 55,175 60,848 1,172,301 Feb

0 1,325 3,878 5,203 2,637 13,499 54,297 64,050 1,167,083 Mar

0 1,325 3,560 4,885 2,470 14,792 50,901 57,913 1,122,436 Apr

0 1,325 3,572 4,897 2,327 16,037 50,474 53,058 1,102,863 May

0 1,325 3,744 5,069 2,500 13,981 52,876 49,504 1,145,350 Jun

0 1,325 3,775 5,100 2,395 12,685 53,286 50,888 1,184,926 Jul

0 1,319 3,731 5,050 2,542 14,069 52,992 49,239 1,181,961 Aug

0 1,325 3,952 5,277 2,409 15,511 54,542 52,524 1,279,310 Sep

0 1,324 3,802 5,126 2,351 14,872 53,253 60,690 1,269,006 Oct

0 1,295 4,127 5,422 2,479 14,021 56,619 63,630 1,327,305 Nov

0 1,290 4,275 5,565 2,486 9,675 58,066 53,689 1,391,207 Dec

2012

0 1,290 4,252 5,542 2,453 17,079 58,320 66,279 1,380,480 Jan

0 1,295 4,324 5,618 2,615 19,596 59,518 67,849 1,386,861 Feb

0 1,287 4,404 5,691 2,498 19,592 60,361 66,950 1,388,799 Mar

Total

(14+15)

Foreign

currency

Domestic credit

Total credit

(9+12+13

+16+17)

Total

assets

(6+18+

19+20)

Credit to

public

enterprises

IMF quota

Credit to non-bank

financial organizationsCredit

to other

sectors

Other

assetsDinar and

indexed

dinar

March 2012

ASSETS

20

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

2010

Mar 115,416 8,639 124,055 85,859 116,787 -12,428 17,103 813 122,275 6,268 1 6,269 214,403 302,158 516,561

Apr 133,533 8,334 141,867 89,433 95,481 -11,806 15,012 960 99,647 5,809 1 5,810 194,890 308,628 503,518

May 145,240 9,159 154,399 84,924 90,321 -5,972 19,683 324 104,356 5,731 0 5,731 195,011 329,382 524,393

Jun 154,754 9,514 164,268 87,681 84,867 -10,148 17,308 1,122 93,149 6,396 0 6,396 187,226 342,471 529,697

Jul 151,711 9,085 160,796 93,087 78,637 95 16,768 987 96,487 5,833 0 5,833 195,407 356,446 551,853

Aug 153,728 9,001 162,729 87,754 75,340 -1,588 18,277 1,919 93,948 5,970 1 5,971 187,673 345,851 533,524

Sep 154,514 8,594 163,108 89,751 72,443 -1,968 17,298 2,591 90,364 5,448 1 5,449 185,564 347,198 532,762

ct 154,688 8,511 163,199 94,998 71,445 7,245 16,361 318 95,369 5,461 1 5,462 195,829 354,851 550,680

Nov 158,974 8,965 167,939 85,184 70,697 4,924 17,874 1,856 95,350 6,438 1 6,439 186,973 358,814 545,787

Dec 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

Jan 158,853 8,286 167,139 78,658 60,424 2,853 18,645 754 82,676 7,592 1 7,593 168,927 349,491 518,418

Feb 155,845 8,751 164,596 81,045 63,104 9,142 17,338 1,800 91,384 8,521 0 8,521 180,950 333,861 514,811

Mar 153,365 8,032 161,397 81,341 65,079 -4,558 16,505 3,633 80,659 8,163 0 8,163 170,164 337,255 507,419

Apr 149,368 7,242 156,610 86,338 65,948 12,516 17,390 1,351 97,206 6,601 0 6,601 190,145 303,174 493,319

May 147,798 7,192 154,990 78,591 64,151 5,421 18,445 1,812 89,829 6,089 0 6,089 174,508 292,013 466,521

Jun 155,029 7,568 162,597 84,286 65,355 5,865 17,074 3,887 92,181 6,045 0 6,045 182,513 305,296 487,809

Jul 156,442 7,417 163,859 94,642 67,651 9,024 17,454 1,623 95,752 5,928 112 6,040 196,434 309,090 505,524

Aug 155,159 7,280 162,439 89,261 68,232 2,898 18,363 598 90,091 6,166 0 6,166 185,518 305,233 490,751

Sep 159,873 7,580 167,453 94,167 69,230 -6,973 17,203 2,267 81,727 6,356 0 6,356 182,251 321,543 503,793

ct 156,264 7,183 163,447 87,945 69,476 -1,607 21,434 951 90,254 7,004 0 7,004 185,203 313,987 499,190

Nov 165,744 7,754 173,498 92,803 71,702 279 18,002 1,152 91,135 8,494 0 8,494 192,432 323,530 515,962

Dec 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

Jan 171,048 7,719 178,767 107,218 73,409 6,976 19,148 2,150 101,684 8,701 1 8,702 217,604 340,611 558,215

Feb 174,213 7,800 182,013 111,189 74,852 2,805 19,097 1,469 98,223 11,494 1 11,495 220,908 349,595 570,502

Mar 176,852 7,899 184,751 106,862 74,949 -17,165 18,526 2,402 78,711 11,839 12 11,851 197,425 364,622 562,047

Total(5+6+7+8)

Total(10+11)

Foreign currency

bank deposits

Other liabilities

Total reserve money(13+14)

Other sectors

Dinar reserve money

(4+9+12)

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

Bank dinar reserves

Local govern-

ment

1) Since May 2004 required reserves are shown in terms of their calculated values.

Giro accounts2)

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.

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.

Required reserves1)

Total(1+2)

Foreign liabilities

IMF loans

Currency in

circulation

Reserve money

Excess bank

deposits



Other dinar deposits

Vault cash

NOTE:

Table 2

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


LIABILITIES

21

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 0 427 208,575 58,067 61,358 1,391,207 2011

2010

57,883 59,114 116,997 0 8,690 8,690 139,560 14 0 474 106,788 53,029 106,275 1,172,443 Mar

59,362 58,683 118,045 0 9,301 9,301 148,930 3,915 0 442 112,024 52,204 109,138 1,199,384 Apr

52,854 56,135 108,989 2 14,518 14,520 126,705 9,950 0 435 197,151 57,523 54,279 1,248,345 May

52,571 49,113 101,684 0 12,019 12,019 105,720 10,980 0 906 209,945 59,565 54,383 1,249,167 Jun

46,535 49,904 96,439 0 8,821 8,821 77,030 7,086 0 290 203,560 57,429 57,399 1,220,703 Jul

47,311 48,765 96,076 0 5,336 5,336 66,420 1,039 0 445 209,135 58,598 57,281 1,190,583 Aug

45,856 51,806 97,662 0 5,364 5,364 64,500 3 0 541 200,298 57,239 58,067 1,179,544 Sep

29,536 46,886 76,422 0 5,297 5,297 60,670 7 0 461 201,740 57,068 61,350 1,176,894 ct

30,822 48,918 79,740 0 5,451 5,451 37,820 13 0 919 213,130 58,342 61,383 1,170,525 Nov

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 Dec

2011

58,534 52,490 111,024 0 4,816 4,816 57,460 11 0 540 102,812 56,115 148,519 1,166,853 Jan

61,688 81,077 142,765 0 4,761 4,761 45,320 31 0 426 97,849 55,178 146,563 1,172,301 Feb

63,136 76,234 139,370 1 5,173 5,173 56,260 3,049 0 475 93,409 54,300 146,231 1,167,083 Mar

49,338 100,433 149,771 0 5,116 5,116 49,810 3,146 0 486 71,316 50,901 141,961 1,122,436 Apr

55,767 82,529 138,295 1 15,400 15,400 73,150 3,412 0 402 146,952 50,475 53,265 1,102,863 May

62,871 76,123 138,994 2 6,756 6,758 73,880 413 0 408 168,059 52,878 53,556 1,145,350 Jun

42,142 99,168 141,310 1 6,389 6,390 80,680 819 0 285 177,264 53,287 55,508 1,184,926 Jul

35,539 85,612 121,151 0 6,234 6,234 111,040 631 0 407 182,222 52,993 54,093 1,181,961 Aug

50,262 153,282 203,543 0 6,165 6,165 100,980 3,555 0 427 183,814 54,544 55,036 1,279,310 Sep

44,321 157,134 201,455 0 5,921 5,921 100,020 6,166 0 520 177,944 53,254 61,089 1,269,006 ct

46,253 142,305 188,558 0 6,067 6,067 111,920 9,317 0 643 201,965 56,620 62,756 1,327,305 Nov

49,927 98,849 148,776 0 7,258 7,258 120,550 45 0 427 208,575 58,067 61,358 1,391,207 Dec

2012

50,671 97,471 148,142 0 7,618 7,618 133,110 10,362 0 779 208,195 58,321 76,971 1,380,480 Jan

32,707 81,660 114,367 0 8,681 8,681 132,930 11,580 0 517 229,225 59,518 77,527 1,386,861 Feb

57,491 77,288 134,778 0 7,764 7,764 116,240 10,868 0 776 232,956 60,362 78,258 1,388,799 Mar

Government depositsLiabilities

with respect to other

securities

Total(16+17)

Dinar and

indexed dinar

Foreign currency

Time deposits

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

Restricted deposits

Other liabilities3)

Capital accounts3)

IMF accounts with NBS

NBS savings

bills

Liabilities with

respect to NBS repo

transactions

Foreign currency

Total(19+20)

Dinar and

indexed dinar

March 2012

LIABILITIES

22

Table 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

2010

Mar 140,946 33,525 174,471 99,592 20,625 120,217 0 17,103 104,360 816 301,869 424,148 139,618 630 564,396

Apr 98,313 41,186 139,499 115,446 22,713 138,159 0 15,012 83,677 963 304,206 403,858 148,995 296 553,149

May 105,756 46,539 152,295 118,475 32,210 150,685 0 19,683 84,351 327 319,994 424,355 126,772 280 551,407

Jun 115,062 49,364 164,426 125,368 32,838 158,206 0 17,308 74,713 1,126 328,295 421,442 105,756 1,634 528,832

Jul 108,002 52,755 160,757 131,991 22,351 154,342 0 16,768 78,742 991 343,913 440,414 77,057 1,023 518,494

Aug 128,021 63,300 191,321 136,751 22,369 159,120 0 18,277 73,753 1,923 339,418 433,371 66,476 284 500,131

Sep 137,767 63,225 200,992 136,961 22,627 159,588 0 17,299 70,476 2,596 345,717 436,088 64,534 1,560 502,182

Oct 173,043 40,298 213,341 129,804 22,938 152,742 0 16,361 78,704 322 354,415 449,802 60,700 1,342 511,844

Nov 180,595 68,373 248,968 127,259 22,996 150,255 0 17,874 75,621 1,861 356,822 452,178 37,884 578 490,640

Dec 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

Jan 106,876 38,339 145,215 147,011 44,441 191,453 0 18,645 63,277 759 349,364 432,045 57,531 260 489,836

Feb 102,240 43,165 145,405 150,394 51,999 202,394 0 17,338 72,246 1,255 333,693 424,531 45,368 788 470,687

Mar 110,447 35,270 145,716 143,457 53,135 196,591 0 16,505 60,521 3,638 333,106 413,770 56,301 510 470,582

Apr 106,928 42,953 149,880 135,480 51,110 186,590 0 17,390 78,497 1,354 297,617 394,859 49,851 297 445,006

May 119,287 31,289 150,576 131,318 48,215 179,533 0 18,445 69,572 1,815 285,944 375,775 73,268 248 449,292

Jun 120,591 28,243 148,834 136,226 56,870 193,096 0 17,074 71,220 3,890 300,384 392,569 73,911 546 467,025

Jul 100,393 52,280 152,673 122,764 69,552 192,315 0 17,454 76,708 1,626 305,485 401,273 80,730 263 482,265

Aug 105,317 46,369 151,685 117,517 69,673 187,191 0 18,363 71,129 601 300,381 390,474 111,090 353 501,916

Sep 110,158 52,645 162,803 130,487 70,029 200,516 0 17,203 62,258 2,270 315,611 397,342 101,030 224 498,596

Oct 116,405 65,505 181,909 137,160 68,660 205,820 0 21,434 67,869 954 308,660 398,917 100,078 223 499,217

Nov 117,859 62,110 179,969 134,588 69,953 204,541 0 18,002 71,981 1,155 319,021 410,159 111,955 1,366 523,481

Dec 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

Jan 80,803 47,520 128,323 129,232 70,918 200,151 0 19,148 80,386 2,153 333,338 435,025 133,307 988 569,320

Feb 82,859 46,821 129,680 139,549 70,234 209,782 0 19,097 77,657 1,472 339,348 437,574 132,972 284 570,829

Mar 74,922 36,938 111,860 147,047 73,417 220,464 0 18,526 57,813 2,405 354,304 433,048 116,291 817 550,156

Claims on government

Dinar

and

indexed

dinar

Foreign

currency

Total

(4+5)

Vault

cash

Claims on

government

against

frozen forex

savings

deposits

Foreign

exchange

reserves

Other

foreign

assets

Total

(1+2)

Foreign assets

Total

(8 to 11)

Domestic credit

Claims on NBS

Claims

against

repo

transactions1)

Other

claims

Total

claims

on NBS

(12+13

+14)

Gyro

accounts

NOTE:


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

Dinar

deposits

Foreign

currency

deposits

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

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.

ASSETS


23

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

2010

18,235 11,861 53,636 804,499 486,909 6,805 1,381,945 2,066,558 98,829 84,080 2,423,938 Mar

17,963 12,037 56,993 812,754 490,644 6,840 1,397,231 2,088,539 98,666 97,655 2,424,359 Apr

22,633 12,467 63,037 843,876 512,035 7,369 1,461,417 2,163,509 98,940 98,655 2,513,399 May

22,207 13,137 65,368 870,588 535,261 7,248 1,513,809 2,200,847 99,410 79,316 2,543,999 Jun

20,668 13,458 60,229 898,740 546,554 7,318 1,546,967 2,219,803 99,605 95,834 2,575,999 Jul

28,840 14,836 60,213 895,572 553,936 787 1,554,184 2,213,435 100,587 95,362 2,600,705 Aug

28,754 15,525 61,549 909,467 559,153 724 1,575,172 2,236,942 102,522 79,771 2,620,227 Sep

28,384 16,123 63,275 933,128 565,715 661 1,607,286 2,271,872 103,089 97,519 2,685,821 Oct

29,657 16,347 67,763 947,937 572,341 702 1,634,747 2,275,641 102,605 98,795 2,726,010 Nov

29,915 18,106 69,521 958,573 571,205 663 1,647,983 2,325,064 106,307 85,571 2,741,266 Dec

2011

30,474 17,795 72,074 949,490 565,002 629 1,635,464 2,316,753 106,320 102,250 2,670,537 Jan

30,269 17,675 68,939 947,763 560,244 661 1,625,550 2,298,630 108,008 99,653 2,651,696 Feb

30,932 17,777 78,883 957,751 564,489 827 1,650,659 2,317,832 108,136 94,398 2,666,082 Mar

29,935 17,763 76,048 945,855 552,418 880 1,622,899 2,254,495 108,842 100,747 2,613,964 Apr

38,939 17,743 75,575 940,802 554,257 913 1,628,229 2,257,053 109,345 96,129 2,613,104 May

34,712 18,573 80,566 974,524 583,272 930 1,692,576 2,352,698 108,669 86,163 2,696,364 Jun

35,748 18,997 79,355 971,358 591,177 895 1,697,529 2,372,110 112,233 91,179 2,728,195 Jul

37,532 18,984 89,233 967,981 589,836 893 1,704,458 2,393,565 116,065 90,445 2,751,760 Aug

38,314 20,037 88,196 972,477 587,058 745 1,706,827 2,405,938 116,341 81,312 2,766,394 Sep

38,669 22,468 87,881 961,049 588,087 725 1,698,879 2,403,915 116,020 88,566 2,790,410 Oct

36,492 23,448 94,623 985,145 601,798 770 1,742,275 2,470,297 117,000 81,800 2,849,065 Nov

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 Dec

2012

39,357 25,744 100,248 1,052,195 608,109 814 1,826,467 2,595,937 115,640 86,808 2,926,707 Jan

39,650 26,402 105,076 1,076,440 621,537 999 1,870,104 2,650,715 115,901 93,198 2,989,494 Feb

40,874 26,684 104,742 1,086,987 628,538 1,020 1,888,844 2,659,463 116,459 84,170 2,971,952 Mar

Companies

Fixed

assetsPublic

enterprises

Local

government

Credit to other sectors Total

assets

(3+23

to 25)Non-profit

and other

organizations

Total

(16 to 21)

Domestic credit

Total

(6+7+

15+22)

Other

assets

Households

Other

financial

organizations

March 2012

ASSETS

24

Table 3

Balance Sheet of Banks(In million dinars, end of period)

Dinar

and

indexe

d 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)

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpri-

ses

Compa-

nies

House-

holds

Non-

profit

and other

organi-

zations

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

2010

Mar 540,076 2,241 8,361 10,602 5,317 958 9,618 65,827 44,792 6,307 132,819 36,401 18,278 17,745 91,376 12,391 2,584 178,775

Apr 512,889 2,292 9,531 11,823 3,826 344 10,694 67,221 46,210 5,908 134,203 38,727 16,451 18,911 92,001 12,648 2,587 181,325

May 520,337 2,280 13,751 16,031 4,746 557 14,727 70,310 45,676 6,137 142,153 38,468 17,499 18,799 96,445 12,652 2,694 186,557

Jun 540,431 2,277 13,189 15,466 4,879 554 10,491 71,702 46,458 5,842 139,926 36,311 17,281 16,710 98,448 12,441 2,754 183,945

Jul 532,590 2,250 14,833 17,083 4,723 702 8,603 73,320 48,586 5,789 141,723 36,706 17,276 17,188 104,337 12,090 2,607 190,204

Aug 534,514 3,662 14,639 18,301 6,837 674 8,385 77,154 46,363 5,171 144,584 25,467 17,168 16,236 85,769 11,737 2,025 158,402

Sep 544,477 3,606 16,415 20,021 7,110 772 10,824 75,667 47,779 5,518 147,670 26,194 16,930 16,434 86,454 11,477 2,636 160,125

Oct 565,985 3,218 16,736 19,954 7,623 638 9,982 77,306 47,227 5,708 148,484 27,466 16,213 16,897 88,971 10,963 2,706 163,216

Nov 558,845 3,799 16,355 20,154 8,777 137 10,084 75,401 44,803 5,637 144,838 29,406 15,995 17,655 90,556 13,549 2,746 169,906

Dec 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

Jan 543,694 4,272 15,913 20,185 8,644 144 12,424 68,627 42,201 5,638 137,678 18,965 12,163 16,212 87,683 13,281 2,849 151,153

Feb 536,468 4,321 15,485 19,805 6,694 130 12,803 68,769 44,749 6,100 139,244 18,384 13,269 17,552 84,504 13,327 2,708 149,744

Mar 538,640 3,695 15,772 19,466 9,125 118 10,699 70,144 44,545 5,903 140,535 18,143 14,067 18,349 85,580 13,710 2,826 152,675

Apr 509,556 3,677 15,288 18,965 7,757 98 11,625 67,267 47,331 6,006 140,084 19,430 14,984 18,126 84,674 13,953 2,818 153,984

May 505,415 3,520 16,754 20,274 9,451 102 13,931 75,959 43,296 6,008 148,746 20,639 16,362 17,568 86,023 13,617 2,739 156,948

Jun 527,224 3,718 15,645 19,363 7,278 95 11,623 75,971 45,848 5,735 146,549 21,276 15,363 18,542 93,485 13,581 2,841 165,088

Jul 509,761 3,737 15,943 19,680 6,985 101 11,765 78,292 49,871 5,884 152,897 22,723 14,784 17,768 84,315 14,445 2,884 156,919

Aug 504,910 3,834 15,707 19,541 8,152 94 16,586 79,977 49,917 5,901 160,627 25,591 14,332 25,416 90,173 14,975 2,822 173,310

Sep 516,144 4,113 15,473 19,586 7,591 97 12,691 77,453 52,163 5,900 155,894 24,653 14,350 26,012 94,081 15,505 2,823 177,424

Oct 520,296 4,177 15,566 19,743 8,785 115 9,364 86,438 49,591 6,290 160,583 27,746 16,334 25,111 94,878 15,450 2,964 182,483

Nov 533,216 4,125 17,107 21,232 6,312 144 13,391 84,861 51,499 6,288 162,493 26,575 16,415 25,709 99,196 17,355 3,137 188,387

Dec 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

Jan 559,694 4,506 16,095 20,601 7,191 145 9,410 78,615 57,490 6,426 159,277 27,140 14,037 15,814 106,714 21,779 3,007 188,489

Feb 576,979 4,888 17,419 22,307 8,693 94 8,250 81,366 58,409 6,839 163,650 28,305 14,898 15,037 102,514 21,076 2,976 184,805

Mar 582,597 4,772 17,500 22,272 4,316 89 6,497 74,681 55,501 6,597 147,680 26,428 15,319 14,680 98,128 20,689 3,376 178,619

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


Transaction deposits in dinars

Foreign

liabilities

Dinar and indexed dinar saving and time depositsGovernment deposits


LIABILITIES

25

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpri-

ses

Compa-

nies

House-

holds

Non-

profit

and other

organi-

zations

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

2010

53,522 27 25,587 117,971 605,771 2,469 805,347 1,038 0 1,932 478,758 147,954 126,637 2,423,938 Mar

52,122 15 26,094 116,584 609,013 2,561 806,389 701 0 2,024 492,458 147,716 134,831 2,424,359 Apr

56,196 15 27,793 124,972 633,109 2,792 844,877 692 0 2,287 497,888 152,267 150,310 2,513,399 May

58,187 16 28,056 125,197 652,239 2,521 866,216 1,802 0 1,798 500,414 160,091 133,910 2,543,999 Jun

58,496 18 27,893 129,653 672,791 2,886 891,737 797 0 2,132 502,724 161,846 135,163 2,575,999 Jul

55,059 42 28,364 128,121 673,418 1,807 886,811 738 0 47,636 509,350 162,614 137,755 2,600,705 Aug

54,288 44 27,303 131,015 682,964 2,030 897,644 1,640 0 48,468 508,923 167,548 123,711 2,620,227 Sep

54,256 58 28,041 135,049 693,099 2,205 912,708 1,523 0 49,413 513,474 168,662 142,402 2,685,821 Oct

56,896 60 28,321 128,930 733,541 2,284 950,032 912 0 50,612 522,737 169,246 138,728 2,726,010 Nov

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 Dec

2011

51,037 63 21,533 136,634 732,624 2,202 944,094 386 0 50,419 508,209 163,259 151,460 2,670,537 Jan

39,716 45 21,934 134,333 727,230 2,214 925,472 421 0 51,639 507,677 163,974 157,253 2,651,696 Feb

39,033 48 21,858 133,671 730,892 2,253 927,754 370 0 52,262 529,232 168,073 137,076 2,666,083 Mar

37,715 31 21,099 126,833 707,300 2,116 895,093 613 0 51,760 543,092 166,255 134,563 2,613,964 Apr

38,001 7 20,748 123,485 697,145 2,093 881,478 748 0 51,813 549,255 164,704 133,724 2,613,105 May

37,609 7 23,075 130,523 742,597 2,237 936,047 591 0 52,707 547,406 173,756 127,634 2,696,364 Jun

36,282 9 23,036 166,966 745,922 2,599 974,813 375 0 53,563 551,947 171,157 137,083 2,728,196 Jul

34,399 9 24,136 164,316 744,751 2,622 970,232 406 0 54,101 560,747 172,014 135,871 2,751,759 Aug

41,129 10 23,463 160,929 744,100 2,543 972,174 379 0 52,097 564,787 180,162 127,747 2,766,394 Sep

37,467 9 22,888 167,952 736,956 2,839 968,111 400 0 51,754 569,882 181,113 136,047 2,790,411 Oct

36,089 8 23,471 163,898 773,052 2,817 999,334 1,570 0 53,357 573,194 185,575 130,708 2,849,065 Nov

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 Dec

2012

35,882 8 23,513 161,599 788,075 2,619 1,011,697 1,140 0 55,681 563,610 217,912 148,605 2,926,707 Jan

35,578 9 24,445 159,675 820,783 2,513 1,043,002 226 0 57,062 571,447 223,231 146,786 2,989,494 Feb

34,719 11 24,981 150,549 834,253 2,442 1,046,955 771 0 55,511 590,828 229,198 117,521 2,971,952 Mar

Capital

and

reserves

Restricted

deposits

Total

liabilities

(1+4+11

+18+25

to 31)

Liabilities

to NBS

Foreign currency deposits

Other

liabilities

Provisio-

ning for

losses

Frozen

foreign

currency

savings

deposits

March 2012

LIABILITIES

26

Table 4

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

Other

financial

organiza-

tions

Local

government

Public

enterprisesCompanies 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 1,269,777 126,430 1,396,207 199,356 43,758 25,714 98,088 1,017,349 602,630 765 1,788,303 1,987,658

2010

Mar 1,049,068 174,471 1,223,539 131,515 23,513 11,861 53,636 806,484 487,456 6,833 1,389,783 1,521,298

Apr 1,076,028 139,499 1,215,526 139,506 23,271 12,037 56,993 814,735 491,187 6,867 1,405,090 1,544,596

May 1,110,200 152,295 1,262,496 152,033 28,381 12,467 63,037 846,168 512,578 7,396 1,470,027 1,622,060

Jun 1,103,542 164,426 1,267,967 159,554 28,064 13,137 65,368 873,359 535,837 7,275 1,523,040 1,682,595

Jul 1,079,994 160,757 1,240,752 155,696 26,307 13,458 60,229 901,109 547,140 7,339 1,555,582 1,711,279

Aug 1,060,355 191,321 1,251,676 160,474 34,569 14,836 60,213 898,019 554,561 787 1,562,985 1,723,460

Sep 1,056,399 200,992 1,257,391 160,941 34,231 15,525 61,549 911,856 559,802 724 1,583,687 1,744,627

Oct 1,052,202 213,341 1,265,543 154,096 33,804 16,123 63,275 935,598 566,381 661 1,615,842 1,769,938

Nov 1,043,767 248,968 1,292,735 151,610 35,306 16,347 67,763 950,812 573,033 702 1,643,963 1,795,573

Dec 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

Jan 1,039,181 145,215 1,184,396 192,765 35,864 17,796 72,074 951,916 565,727 629 1,644,005 1,836,771

Feb 1,046,305 145,405 1,191,711 203,712 35,563 17,676 68,939 949,673 560,970 661 1,633,482 1,837,193

Mar 1,035,237 145,716 1,180,953 197,905 36,135 17,778 78,883 959,642 565,234 827 1,658,499 1,856,404

Apr 998,831 149,880 1,148,711 187,909 34,820 17,764 76,048 947,577 553,165 880 1,630,255 1,818,163

May 983,293 150,576 1,133,869 180,842 43,836 17,744 75,575 942,370 555,016 913 1,635,454 1,816,296

Jun 1,028,989 148,834 1,177,823 194,407 39,780 18,574 80,566 976,262 584,032 930 1,700,145 1,894,551

Jul 1,068,067 152,673 1,220,740 193,626 40,848 18,998 79,355 972,991 591,938 895 1,705,024 1,898,650

Aug 1,065,661 151,685 1,217,346 188,505 42,581 18,985 89,233 969,764 590,595 893 1,712,050 1,900,554

Sep 1,156,733 162,803 1,319,536 201,824 43,590 20,038 88,196 974,129 587,814 746 1,714,513 1,916,337

Oct 1,140,191 181,909 1,322,100 207,129 43,795 22,468 87,881 962,646 588,841 725 1,706,356 1,913,485

Nov 1,193,035 179,969 1,373,004 205,852 41,914 23,448 94,623 986,872 602,549 770 1,750,177 1,956,028

Dec 1,269,777 126,430 1,396,207 199,356 43,758 25,714 98,088 1,017,349 602,630 765 1,788,303 1,987,658

2012

Jan 1,238,802 128,323 1,367,124 201,418 44,898 25,745 100,248 1,053,901 608,856 814 1,834,462 2,035,880

Feb 1,239,897 129,680 1,369,577 211,048 45,269 26,402 105,076 1,078,279 622,311 999 1,878,337 2,089,385

Mar 1,241,896 111,860 1,353,756 221,737 46,565 26,684 104,742 1,088,719 629,303 1,021 1,897,033 2,118,770

NOTE:


NBS BanksTotal

(1+2)

As of January 2002 four large state banks whose licences were revoked as well as banks undergoing liquidation for a number of years (38 banks) were

excluded and their positions from the last month of operation were repeated in subsequent balance sheet statements.


Domestic credit

Government

Claims on other sectors

Foreign assets

Total

credit

(4+11)


ASSETS

27

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 3,671,677 2011

2010

0 103,211 151,202 254,413 2,999,250 Mar

0 109,156 151,040 260,196 3,020,319 Apr

0 117,847 153,356 271,203 3,155,758 May

0 120,571 152,394 272,964 3,223,527 Jun

0 118,459 155,196 273,655 3,225,685 Jul

0 112,796 152,524 265,319 3,240,455 Aug

0 111,200 155,118 266,318 3,268,337 Sep

0 113,753 161,599 275,351 3,310,833 Oct

0 115,122 159,027 274,149 3,362,458 Nov

0 114,075 168,079 282,154 3,420,428 Dec

2011

0 117,084 163,446 280,531 3,301,697 Jan

0 116,024 165,697 281,721 3,310,625 Feb

0 118,347 167,111 285,458 3,322,815 Mar

0 108,814 169,050 277,864 3,244,738 Apr

0 103,532 171,018 274,550 3,224,716 May

0 102,380 172,461 274,841 3,347,216 Jun

0 104,174 172,905 277,078 3,396,468 Jul

0 102,231 177,607 279,838 3,397,738 Aug

0 107,067 174,130 281,196 3,517,069 Sep

0 113,943 176,930 290,873 3,526,458 Oct

0 120,249 179,357 299,606 3,628,638 Nov

0 111,754 176,058 287,812 3,671,677 Dec

2012

0 124,599 174,642 299,241 3,702,245 Jan

0 127,367 176,482 303,849 3,762,811 Feb

0 127,311 177,077 304,388 3,776,914 Mar

Total

(14+15)

Total assets

(3+12+13+16)

Claims on

government

against frozen

foreign currency

savings deposits

NBS Banks

Other assets

March 2012

ASSETS

28

Table 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

2010

Mar 124,055 540,076 664,131 127,599 85,859 139,088 224,947 178,775 403,722 814,037 1,217,759 0

Apr 141,867 512,889 654,756 129,868 89,433 140,013 229,446 181,325 410,771 815,690 1,226,461 0

May 154,399 520,337 674,736 125,020 84,924 147,884 232,808 186,559 419,366 859,395 1,278,762 0

Jun 164,268 540,431 704,699 117,150 87,681 146,322 234,003 183,945 417,948 878,235 1,296,183 0

Jul 160,796 532,590 693,386 113,522 93,087 147,556 240,643 190,204 430,847 900,558 1,331,405 0

Aug 162,729 534,514 697,243 114,377 87,754 150,555 238,309 158,402 396,711 892,147 1,288,858 0

Sep 163,108 544,477 707,586 117,683 89,751 153,119 242,870 160,125 402,994 903,008 1,306,003 0

Oct 163,199 565,985 729,184 96,376 94,998 153,946 248,944 163,216 412,160 918,005 1,330,165 0

Nov 167,939 558,845 726,784 99,893 85,184 151,277 236,461 169,906 406,367 955,483 1,361,850 0

Dec 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

Jan 167,139 543,694 710,833 131,209 78,658 145,271 223,930 151,153 375,083 948,910 1,323,993 0

Feb 164,596 536,468 701,064 162,570 81,045 147,765 228,810 149,744 378,554 930,233 1,308,787 0

Mar 161,397 538,640 700,037 158,836 81,341 148,698 230,039 152,675 382,714 932,926 1,315,641 0

Apr 156,610 509,556 666,166 168,736 86,338 146,685 233,023 153,984 387,007 900,209 1,287,216 0

May 154,990 505,415 660,405 158,569 78,591 154,835 233,426 156,948 390,374 896,878 1,287,252 0

Jun 162,597 527,224 689,821 158,357 84,286 152,594 236,881 165,089 401,970 942,803 1,344,773 0

Jul 163,859 509,761 673,620 160,990 94,642 158,937 253,579 156,920 410,500 981,202 1,391,702 0

Aug 162,439 504,910 667,349 140,692 89,261 166,793 256,054 173,310 429,364 976,466 1,405,830 0

Sep 167,453 516,144 683,596 223,129 94,167 162,250 256,417 177,424 433,841 978,339 1,412,180 0

Oct 163,447 520,296 683,742 221,198 87,945 167,587 255,533 182,483 438,015 974,032 1,412,047 0

Nov 173,498 533,216 706,713 209,790 92,803 170,987 263,790 188,388 452,178 1,005,401 1,457,579 0

Dec 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

Jan 178,767 559,694 738,461 168,743 107,218 167,979 275,197 188,489 463,687 1,019,315 1,483,002 0

Feb 182,013 576,979 758,991 136,674 111,189 175,145 286,334 184,805 471,140 1,051,682 1,522,822 0

Mar 184,751 582,597 767,348 157,050 106,862 159,532 266,394 178,619 445,013 1,054,719 1,499,732 0

Frozen

foreign

currency

savings

deposits

Money supply

Currency in

circulation

Dinar

sight

deposits

Money

supply M1

(5+6)

Money

supply M3

(9+10)

NOTE:

Foreign liabilities

NBS BanksTotal

(1+2)

Foreign

currency

deposits

Government

deposits



Dinar

time

deposits

Money

supply M2

(7+8)


LIABILITIES

29

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

208,575 569,964 778,539 53,671 0 119,425 323,665 443,090 3,671,677 2011

2010

106,788 478,758 585,546 2,406 0 159,304 242,505 401,809 2,999,250 Mar

112,024 492,458 604,482 2,466 0 161,342 240,944 402,285 3,020,319 Apr

197,151 497,888 695,039 2,722 0 111,802 267,676 379,478 3,155,758 May

209,945 500,414 710,359 2,704 0 113,948 278,484 392,432 3,223,527 Jun

203,560 502,724 706,284 2,422 0 114,828 263,837 378,665 3,225,685 Jul

209,135 509,350 718,485 48,081 0 115,879 257,531 373,409 3,240,454 Aug

200,298 508,923 709,221 49,009 0 115,306 263,530 378,837 3,268,337 Sep

201,740 513,474 715,214 49,874 0 118,418 271,602 390,021 3,310,833 Oct

213,130 522,737 735,868 51,532 0 119,725 266,807 386,533 3,362,458 Nov

202,334 519,692 722,026 51,920 0 117,553 259,758 377,311 3,420,428 Dec

2011

102,812 508,209 611,021 50,960 0 204,633 269,050 473,683 3,301,697 Jan

97,849 507,677 605,526 52,065 0 201,741 278,872 480,613 3,310,626 Feb

93,409 529,232 622,641 52,737 0 200,531 272,393 472,924 3,322,816 Mar

71,316 543,092 614,408 52,246 0 192,862 263,104 455,966 3,244,738 Apr

146,952 549,255 696,208 52,215 0 103,740 266,328 370,069 3,224,717 May

168,058 547,406 715,464 53,114 0 106,434 279,253 385,686 3,347,215 Jun

177,264 551,947 729,210 53,848 0 108,795 278,304 387,099 3,396,469 Jul

182,222 560,747 742,969 54,508 0 107,087 279,304 386,391 3,397,738 Aug

183,814 564,787 748,602 52,524 0 109,580 287,458 397,038 3,517,069 Sep

177,944 569,882 747,826 52,274 0 114,343 295,029 409,372 3,526,460 Oct

201,965 573,194 775,158 54,000 0 119,374 306,023 425,397 3,628,637 Nov

208,575 569,964 778,539 53,671 0 119,425 323,665 443,090 3,671,677 Dec

2012

208,195 563,610 771,806 56,460 0 135,292 348,482 483,774 3,702,245 Jan

229,225 571,447 800,672 57,579 0 137,045 349,028 486,073 3,762,811 Feb

232,956 590,828 823,783 56,287 0 138,620 334,094 472,713 3,776,914 Mar

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

March 2012

LIABILITIES

30

Table 4a

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

Foreign assets 73,377 457,457 506,371 195,490 256,344 311,210 489,279 769,311 874,805

NBS 62,394 393,824 423,250 141,526 196,758 246,233 422,241 713,426 763,656

Banks 10,983 63,633 83,121 53,964 59,586 64,977 67,039 55,885 111,149

Foreign liabilities (-) -93,745 -554,398 -602,714 -64,733 -87,373 -152,485 -272,997 -363,434 -313,573

NBS -58,975 -373,969 -394,740 -47,610 -64,093 -69,260 -81,873 -55,692 -13,805

Banks -34,770 -180,429 -207,974 -17,123 -23,280 -83,225 -191,124 -307,742 -299,769

Net domestic assets 92,496 293,006 389,979 204,800 276,319 407,031 554,969 569,782 795,536

Domestic credit 75,742 229,588 275,143 185,134 228,389 348,617 490,467 504,961 722,017

Net claims on government 7,398 3,695 7,961 3,851 -9,152 5,952 -27,832 -104,210 -112,229

Credit to government 9,606 12,764 23,320 35,192 32,256 44,001 40,105 34,897 19,203

Dinar and indexed dinar credit 8,156 11,188 21,560 26,370 22,500 30,008 21,272 18,271 10,934

NBS 4,268 5,477 14,685 21,295 19,760 22,407 16,330 16,450 10,811

Banks 3,888 5,711 6,875 5,075 2,739 7,601 4,942 1,821 124

Foreign currency credit 1,450 1,576 1,760 8,822 9,756 13,993 18,834 16,626 8,269

NBS 1,446 1,453 1,479 1,509 0 0 181 0 0

Banks 4 123 281 7,313 9,756 13,993 18,653 16,626 8,269

Government deposits (-) -2,208 -9,069 -15,359 -31,341 -41,408 -38,050 -67,937 -139,107 -131,432

Dinar and indexed dinar deposits -1,865 -4,372 -7,653 -15,508 -17,934 -24,484 -43,605 -31,197 -45,095

NBS -568 -1,828 -3,612 -5,009 -12,998 -22,966 -40,718 -19,678 -29,200

Banks -1,297 -2,544 -4,041 -10,499 -4,936 -1,518 -2,887 -11,519 -15,895

Foreign currency deposits -343 -4,697 -7,706 -15,833 -23,474 -13,565 -24,333 -107,910 -86,338

NBS -306 -4,482 -7,259 -6,159 -18,107 -9,990 -18,806 -103,443 -81,998

Banks -37 -215 -447 -9,674 -5,367 -3,575 -5,527 -4,467 -4,340

Credit to non-government sectors 68,344 225,893 267,182 181,283 237,541 342,665 518,298 609,171 834,246

Households 1,760 2,849 5,277 16,139 29,536 66,514 132,146 203,631 305,966

Public enterprises 7,745 33,564 37,885 9,326 11,739 16,165 19,358 17,096 18,050

Dinar and indexed dinar 2,542 4,580 3,678 3,994 5,741 5,216 9,508 13,415 13,908

Foreign currency 5,203 28,984 34,207 5,332 5,998 10,949 9,850 3,681 4,143

Companies 56,607 180,650 209,944 144,317 185,580 248,322 351,417 364,339 490,117

Dinar and indexed dinar 31,240 44,837 70,700 78,819 109,018 161,214 250,607 299,284 430,485

Foreign currency 25,367 135,813 139,244 65,498 76,562 87,108 100,810 65,055 59,631

Other financial corporations 1,146 2,050 3,154 8,392 7,446 8,216 8,868 14,400 6,659

Local government 263 1,480 1,627 593 1,410 1,269 2,208 5,033 7,008

Non-profit and other organizations 823 5,300 9,295 2,516 1,830 2,179 4,301 4,672 6,446

Other assets, net 16,754 63,418 114,836 19,666 47,930 58,414 64,502 64,821 73,520

Deposit, capital and provisioning 72,128 196,065 293,636 335,557 445,289 565,756 771,251 975,659 1,356,768

Money supply M3 24,946 65,204 125,414 191,492 244,732 322,876 458,870 634,470 903,872

Money supply M2 18,676 32,894 68,097 110,896 124,895 146,209 192,180 278,966 390,486

Money supply M1 14,779 27,026 58,233 93,815 99,303 111,258 144,949 200,090 248,873

Currency in circulation 6,707 10,933 25,266 43,719 42,980 45,165 53,650 68,461 77,000

Sight deposits 8,072 16,093 32,967 50,096 56,323 66,093 91,299 131,629 171,873

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

Foreign currency deposits 6,270 32,310 57,317 80,596 119,837 176,667 266,690 355,504 513,386

Capital accounts 29,941 37,609 -140,560 83,099 113,187 137,654 175,923 237,141 351,445

NBS 3,789 6,725 8,090 6,992 12,817 28,481 35,601 2,341 1,904

Banks 26,152 30,884 -148,650 76,107 100,370 109,173 140,322 234,800 349,541

Provisioning for losses 17,241 93,252 308,782 60,966 87,371 105,226 136,458 104,048 101,452

On credit to non-government sectors 12,382 23,384 35,134 15,076 63,697 78,680 102,930 77,601 75,675

On other credit 4,238 66,557 266,343 41,937 14,973 16,483 21,895 16,878 14,671

For other losses 621 3,311 7,305 3,953 8,701 10,063 11,633 9,569 11,106

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

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

Net credit to non-government sectors 2)55,962 202,509 232,048 166,207 173,844 263,985 415,368 531,570 758,571

Annual growth rates M3 25.71 161.38 92.34 52.69 27.80 31.93 42.12 38.27 42.46

M2 35.53 76.13 107.02 62.85 12.62 17.07 31.44 45.16 39.98

M1 48.29 82.87 115.47 61.1 5.85 12.04 30.28 38.04 24.381)

Net foreign assets excluding foreign currency government deposits.

2) Gross credit to non-government sectors excluding provisioning for losses.

2003 2004 2006 2007


data series.

2001 200520021999 2000


31

Jan Feb Mar

480,171 570,504 507,330 670,091 628,663 610,586 586,408 Net foreign assets

843,463 1,184,607 1,287,386 1,396,207 1,367,124 1,369,577 1,353,756 Foreign assets

723,556 1,022,842 1,063,062 1,269,777 1,238,802 1,239,897 1,241,896 NBS

119,907 161,765 224,324 126,430 128,323 129,680 111,860 Banks

-363,292 -614,104 -780,056 -726,116 -738,461 -758,991 -767,348 Foreign liabilities (-)

-13,732 -114,558 -170,341 -178,429 -178,767 -182,013 -184,751 NBS

-349,560 -499,546 -609,715 -547,687 -559,694 -576,979 -582,597 Banks

1,121,805 1,364,810 1,749,771 1,834,764 1,854,648 1,946,932 1,977,088 Net domestic assets

1,071,921 1,301,660 1,722,549 1,817,840 1,867,137 1,952,711 1,961,720 Domestic credit

-52,935 -4,419 65,644 29,538 32,675 74,374 64,687 Net claims on government

20,368 119,124 193,983 199,356 201,418 211,048 221,737 Credit to government

12,927 101,512 149,201 129,830 130,495 140,810 148,315 Dinar and indexed dinar credit

10,892 11,297 1,315 1,270 1,263 1,261 1,267 NBS

2,035 90,215 147,887 128,561 129,232 139,549 147,047 Banks

7,441 17,612 44,782 69,525 70,923 70,239 73,422 Foreign currency credit

21 3 4 5 5 5 6 NBS

7,420 17,609 44,777 69,520 70,918 70,234 73,417 Banks

-73,303 -123,543 -128,339 -169,818 -168,743 -136,674 -157,050 Government deposits (-)

-27,002 -67,769 -58,060 -54,290 -55,177 -37,595 -62,262 Dinar and indexed dinar deposits

-19,702 -62,984 -54,016 -49,927 -50,671 -32,707 -57,491 NBS

-7,300 -4,785 -4,044 -4,363 -4,506 -4,888 -4,772 Banks

-46,301 -55,774 -70,279 -115,528 -113,566 -99,079 -94,788 Foreign currency deposits

-40,725 -49,255 -53,695 -98,849 -97,471 -81,660 -77,288 NBS

-5,576 -6,519 -16,584 -16,679 -16,095 -17,419 -17,500 Banks

1,124,856 1,306,079 1,656,905 1,788,303 1,834,462 1,878,337 1,897,033 Credit to non-government sectors

428,683 462,970 571,946 602,630 608,856 622,311 629,303 Households

25,470 50,317 69,522 98,088 100,248 105,076 104,742 Public enterprises

14,603 42,782 61,464 90,223 92,303 96,852 96,481 Dinar and indexed dinar

10,867 7,535 8,058 7,865 7,945 8,224 8,260 Foreign currency

638,514 756,490 961,235 1,017,349 1,053,901 1,078,279 1,088,719 Companies

573,267 697,278 890,815 947,501 972,854 993,804 1,004,472 Dinar and indexed dinar

65,247 59,212 70,421 69,848 81,047 84,476 84,247 Foreign currency

19,533 18,776 35,433 43,758 44,898 45,269 46,565 Other financial corporations

9,244 11,533 18,106 25,714 25,745 26,402 26,684 Local government

3,412 5,993 663 765 814 999 1,021 Non-profit and other organizations

49,884 63,150 27,222 16,924 -12,489 -5,779 15,368 Other assets, net

1,601,977 1,935,313 2,257,101 2,504,855 2,483,311 2,557,517 2,563,496 Deposit, capital and provisioning

992,151 1,205,570 1,360,777 1,500,444 1,483,002 1,522,822 1,499,732 Money supply M3

395,025 436,768 410,495 487,914 463,687 471,140 445,013 Money supply M2

240,744 258,427 253,286 293,694 275,197 286,334 266,394 Money supply M1

90,075 95,519 91,750 114,190 107,218 111,189 106,862 Currency in circulation

150,669 162,908 161,536 179,504 167,979 175,145 159,532 Sight deposits

154,281 178,341 157,209 194,220 188,489 184,805 178,619 Dinar and indexed dinar time and savings deposits

597,126 768,802 950,282 1,012,530 1,019,315 1,051,682 1,054,719 Foreign currency deposits

491,669 582,895 722,026 778,539 771,806 800,672 823,783 Capital accounts

59,313 123,187 202,334 208,575 208,195 229,225 232,956 NBS

432,356 459,708 519,692 569,964 563,610 571,447 590,828 Banks

118,156 146,849 174,298 225,872 228,504 234,024 239,981 Provisioning for losses

104,496 133,174 161,266 214,171 216,685 222,001 228,438 On credit to non-government sectors

6,873 6,079 4,781 4,568 4,594 4,664 4,712 On other credit

6,787 7,596 8,251 7,133 7,225 7,359 6,831 For other losses

Analitical items433,870 514,730 437,051 554,563 515,097 511,507 491,621 Net monetary effects of foreign currency transactions 1)

1,075,504 1,309,036 1,679,491 1,719,236 1,741,082 1,847,853 1,882,300

Net domestic assets excluding foreign currency government deposits

1,020,360 1,172,905 1,495,639 1,574,131 1,617,777 1,656,336 1,668,596 Net credit to non-government sectors 2)

Annual growth rates9.77 21.51 12.87 10.26 12.01 16.35 13.99 M31.16 10.57 -6.02 18.86 23.62 24.46 16.28 M2

-3.27 7.35 -1.99 15.95 22.89 25.14 15.8 M1

201120092008 20102012

March 2012

32

Table 5

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

Other financial organiza-

tions

Localgove-

rnment

Public enter-prises

Compa-nies

House-holds

Of which: Entre-

preneurs

Non-profit and other organi-zations

Total(1 to 6)

Other financial organiza-

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

2010

Mar 5,317 958 9,618 65,827 44,792 8,280 6,307 132,819 35,842 17,511 17,677 87,203 11,581 520 2,518 172,332

Apr 3,826 344 10,694 67,221 46,209 7,830 5,908 134,203 38,175 15,700 18,850 87,969 11,826 558 2,525 175,045

May 4,746 557 14,727 70,310 45,675 8,810 6,137 142,153 38,003 16,739 18,779 92,390 11,823 590 2,623 180,356

Jun 4,879 554 10,491 71,702 46,457 9,041 5,842 139,926 35,875 16,492 16,682 94,193 11,599 562 2,650 177,491

Jul 4,723 702 8,603 73,321 48,585 9,281 5,789 141,723 36,247 16,509 17,162 99,600 11,243 605 2,501 183,261

Aug 6,837 674 8,385 77,154 46,363 9,754 5,171 144,584 24,401 16,450 16,201 81,675 10,899 618 1,975 151,601

Sep 7,110 772 10,824 75,666 47,779 9,806 5,518 147,670 25,250 16,186 16,399 82,143 10,634 599 2,516 153,128

ct 7,623 638 9,982 77,305 47,228 9,504 5,708 148,484 26,607 15,628 16,767 84,216 10,135 530 2,598 155,951

Nov 8,777 137 10,084 75,400 44,804 9,541 5,637 144,838 28,569 15,469 17,627 85,887 9,811 562 2,633 159,996

Dec 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

Jan 8,644 144 12,424 68,628 42,201 8,430 5,638 137,679 18,381 11,695 16,073 82,842 9,576 544 2,748 141,313

Feb 6,694 130 12,803 68,769 44,749 8,176 6,100 139,244 17,797 12,822 17,425 79,498 9,617 549 2,616 139,774

Mar 9,125 118 10,699 70,144 44,545 8,737 5,903 140,535 17,724 13,595 17,990 80,725 9,955 583 2,718 142,705

Apr 7,757 98 11,625 67,267 47,331 8,549 6,006 140,084 19,038 13,241 17,804 79,461 10,300 620 2,705 142,548

May 9,451 102 13,931 75,959 43,296 8,929 6,008 148,746 20,079 14,511 17,273 80,323 10,052 649 2,610 144,847

Jun 7,278 95 11,623 75,971 45,848 9,366 5,735 146,549 20,427 13,762 18,246 87,529 9,994 681 2,602 152,560

Jul 6,985 101 11,765 78,292 49,871 9,616 5,884 152,897 21,662 13,163 17,503 79,085 10,831 770 2,624 144,868

Aug 8,152 94 16,586 79,977 49,917 10,472 5,901 160,627 24,356 13,029 25,131 84,996 11,386 785 2,561 161,458

Sep 7,591 97 12,691 77,453 52,163 9,915 5,900 155,894 23,070 13,261 25,719 89,009 11,882 817 2,562 165,502

ct 8,785 115 9,364 86,438 49,591 9,952 6,290 160,583 26,125 15,244 24,833 89,699 12,333 783 2,682 170,916

Nov 6,312 144 13,391 84,861 51,499 10,108 6,288 162,493 24,840 15,354 25,384 93,885 14,433 837 2,853 176,748

Dec 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

Jan 7,191 145 9,410 78,615 57,490 10,060 6,426 159,277 26,183 12,844 15,508 98,134 18,682 905 2,722 174,073

Feb 8,693 94 8,250 81,366 58,409 9,532 6,839 163,650 27,352 13,708 14,775 93,879 18,763 949 2,687 171,165

Mar 4,316 89 6,497 74,681 55,501 9,638 6,597 147,680 25,472 14,145 14,640 90,106 18,452 906 3,096 165,911

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

NOTE:




33

Other financial organi-zations

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

2010

50,547 27 24,979 112,973 536,074 942 2,409 727,009 1,032,160 Mar

49,116 15 25,450 111,639 539,569 920 2,502 728,292 1,037,540 Apr

53,110 15 27,103 119,283 560,797 1,040 2,730 763,038 1,085,547 May

55,050 16 27,457 119,213 577,820 1,083 2,458 782,014 1,099,431 Jun

55,421 18 27,302 124,000 597,098 1,162 2,823 806,662 1,131,646 Jul

51,268 42 27,747 123,238 597,887 1,172 1,765 801,948 1,098,133 Aug

50,458 44 26,667 125,936 606,683 1,238 1,986 811,773 1,112,571 Sep

50,295 58 27,417 130,189 616,750 1,222 2,161 826,870 1,131,305 ct

52,896 60 27,692 124,496 614,070 1,222 2,240 821,454 1,126,288 Nov

49,155 62 21,339 130,146 614,314 1,190 2,254 817,269 1,116,986 Dec

2011

46,627 64 20,934 130,494 615,824 1,205 2,158 816,101 1,095,093 Jan

32,303 45 21,356 128,271 612,242 1,183 2,171 796,389 1,075,406 Feb

35,685 48 20,392 127,179 614,249 1,258 2,210 799,763 1,083,002 Mar

31,199 31 19,598 120,167 594,385 1,253 2,078 767,458 1,050,090 Apr

31,481 7 18,462 116,682 583,469 1,235 2,087 752,189 1,045,782 May

30,572 7 18,803 122,952 619,752 1,370 2,230 794,316 1,093,426 Jun

29,079 9 18,739 159,438 622,376 1,355 2,582 832,224 1,129,988 Jul

27,739 9 19,770 153,984 620,032 1,397 2,605 824,139 1,146,224 Aug

34,176 10 19,171 149,846 618,551 1,429 2,511 824,263 1,145,660 Sep

30,208 9 16,952 156,917 608,473 1,404 2,768 815,326 1,146,826 ct

28,264 8 17,555 155,108 571,394 1,437 2,744 775,072 1,114,313 Nov

27,172 7 15,501 159,396 570,835 1,419 2,746 775,656 1,126,393 Dec

2012

27,744 8 16,168 152,145 578,142 1,452 2,534 776,741 1,110,091 Jan

27,300 9 16,685 148,417 606,358 1,527 2,424 801,192 1,136,007 Feb

26,561 11 17,314 139,197 619,698 1,535 2,352 805,133 1,118,724 Mar

Foreign currency deposits

Total short-term

deposits (7+14+21)

March 2012

34

Table 5a

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

2010 2010

Mar 559 767 68 4,174 809 24 66 6,443 2,975 0 608 4,997 69,698 47 60 78,338 84,781 1,116,941 Mar

Apr 552 751 61 4,032 822 26 62 6,280 3,006 0 644 4,944 69,444 50 59 78,097 84,377 1,121,917 Apr

May 465 760 20 4,056 829 27 71 6,201 3,086 0 690 5,689 72,312 51 62 81,839 88,040 1,173,587 May

Jun 436 789 28 4,255 842 47 104 6,454 3,137 0 599 5,984 74,419 24 63 84,202 90,656 1,190,087 Jun

Jul 459 767 26 4,737 847 49 106 6,943 3,075 0 591 5,652 75,693 28 63 85,075 92,018 1,223,664 Jul

Aug 1,066 718 35 4,094 838 49 50 6,801 3,791 0 617 4,883 75,530 25 42 84,863 91,664 1,189,797 Aug

Sep 944 744 35 4,312 843 47 120 6,997 3,830 0 636 5,080 76,281 22 44 85,871 92,868 1,205,439 Sep

ct 859 585 130 4,755 828 44 108 7,265 3,961 0 624 4,860 76,349 19 44 85,838 93,103 1,224,408 ct

Nov 837 525 28 4,669 3,738 43 113 9,910 4,000 0 629 4,435 119,470 18 44 128,578 138,488 1,264,776 Nov

Dec 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 Dec

2011 2011

Jan 584 469 139 4,842 3,705 38 102 9,841 4,410 0 599 6,140 116,800 17 44 127,992 137,833 1,232,926 Jan

Feb 587 447 127 5,007 3,710 56 91 9,970 7,413 0 579 6,062 114,987 17 43 129,084 139,053 1,214,459 Feb

Mar 419 472 360 4,855 3,756 54 109 9,970 3,348 0 1,465 6,492 116,642 19 43 127,991 137,960 1,220,963 Mar

Apr 391 1,743 322 5,214 3,653 50 113 11,436 6,515 0 1,501 6,666 112,916 17 38 127,636 139,071 1,189,161 Apr

May 560 1,850 295 5,701 3,566 48 130 12,101 6,520 0 2,286 6,803 113,675 18 6 129,290 141,390 1,187,172 May

Jun 850 1,601 296 5,955 3,588 46 238 12,528 7,037 0 4,272 7,571 122,844 29 6 141,731 154,259 1,247,684 Jun

Jul 1,062 1,622 265 5,229 3,614 39 260 12,052 7,203 0 4,297 7,528 123,545 40 17 142,590 154,641 1,284,630 Jul

Aug 1,236 1,303 285 5,177 3,590 38 261 11,852 6,660 0 4,366 10,332 124,718 40 17 146,093 157,945 1,304,169 Aug

Sep 1,584 1,090 293 5,072 3,623 33 261 11,922 6,953 0 4,292 11,083 125,550 40 32 147,911 159,832 1,305,492 Sep

ct 1,621 1,090 279 5,179 3,117 76 282 11,566 7,259 0 5,937 11,035 128,483 39 72 152,785 164,351 1,311,177 ct

Nov 1,736 1,061 325 5,311 2,922 68 284 11,639 7,825 0 5,917 8,789 201,658 53 73 224,262 235,901 1,350,214 Nov

Dec 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 Dec

2012 2012

Jan 957 1,193 305 8,579 3,098 74 285 14,417 8,138 0 7,346 9,454 209,933 54 86 234,956 249,373 1,359,464 Jan

Feb 953 1,190 262 8,634 2,313 67 289 13,641 8,278 0 7,760 11,257 214,425 55 89 241,809 255,450 1,391,457 Feb

Mar 956 1,174 39 8,021 2,237 63 281 12,708 8,158 0 7,668 11,352 214,555 49 90 241,822 254,530 1,373,254 Mar

NOTE:


Foreign currency depositsTotal long-term

deposits (7+14)


Total deposits(Table 5

and Table 5a)

Dinar and indexed dinar deposits


35March 2012

36

Table 5b

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

No risk

hedging

Retail

price

growth

Other

types of

hedging

EUR USD JPY CHFOther

currencies

Limited FX clause

(unilateral)

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

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

2010

Mar 27,364 157,203 156,841 0 45 13,042 790 0 24 0 13,824 184,567

Apr 29,605 159,222 161,899 0 85 13,037 28 0 48 0 13,730 188,827

May 33,527 166,756 170,675 0 88 14,833 407 0 51 0 14,229 200,282

Jun 27,201 170,151 166,672 0 89 15,637 460 0 36 0 14,458 197,351

Jul 25,791 177,657 170,958 0 48 17,459 32 0 82 0 14,869 203,449

Aug 24,621 162,923 158,302 40 0 16,613 200 0 52 0 12,337 187,544

Sep 27,258 162,121 158,954 70 0 16,275 1,608 0 31 0 12,442 189,379

Oct 26,879 166,277 159,777 30 0 19,066 1,579 0 43 0 12,663 193,156

Nov 27,739 165,957 159,650 34 0 19,889 1,553 0 31 0 12,539 193,695

Dec 27,395 175,576 162,260 82 0 27,819 327 0 37 0 12,446 202,970

2011

Jan 28,636 156,312 148,766 80 0 23,283 462 0 25 0 12,333 184,947

Feb 30,355 153,273 149,083 75 0 21,095 1,147 0 23 0 12,206 183,628

Mar 29,049 155,724 150,236 58 0 21,338 975 0 29 0 12,136 184,773

Apr 29,750 151,941 151,566 70 0 17,888 478 0 27 0 11,663 181,692

May 31,498 161,983 163,431 69 0 18,164 479 0 21 0 11,317 193,481

Jun 30,165 169,456 164,589 51 0 20,554 2,484 0 14 0 11,930 199,621

Jul 29,532 162,607 160,217 51 10 18,666 1,292 0 33 0 11,871 192,139

Aug 42,002 170,150 173,438 41 10 18,581 8,189 0 100 20 11,774 212,152

Sep 38,703 171,533 173,600 4 10 16,920 7,837 0 119 20 11,727 210,236

Okt 34,475 181,317 177,419 0 17 18,940 7,549 0 202 20 11,645 215,792

Nov 39,100 184,057 184,343 0 10 18,290 8,228 0 232 21 12,033 223,157

Dec 32,399 199,101 190,004 0 10 19,979 9,303 0 90 0 12,115 231,500

2012

Jan 25,224 185,329 178,251 0 10 18,094 1,911 0 92 0 12,195 210,552

Feb 23,286 183,879 176,318 0 10 16,994 1,071 0 93 0 12,680 207,165

Mar 21,176 172,809 163,096 0 10 17,192 776 0 90 0 12,821 193,985

Public

enterprises

Companies

Dinar deposits FX-indexed dinar deposits

Total

(1+2) =

(3 to 11)

Domestic deposits


37


currencies

13 14 15 16 17 18 19 20

22,514 116,134 114,923 21,609 1 1,665 451 138,648 2008

24,225 118,354 116,551 25,455 7 255 311 142,579 2009

21,987 136,058 136,682 20,414 103 305 542 158,045 2010

23,084 168,683 170,076 19,036 1 2,254 401 191,768 2011

2010

25,588 117,971 117,889 24,936 4 418 312 143,558 Mar

26,094 116,584 118,953 23,121 8 227 369 142,678 Apr

27,793 124,973 125,164 26,982 1 292 327 152,766 May

28,056 125,197 125,856 26,687 2 352 356 153,253 Jun

27,893 129,653 130,406 26,343 2 431 364 157,545 Jul

28,364 128,122 130,071 25,594 2 361 458 156,486 Aug

27,303 131,015 132,870 24,731 1 295 421 158,318 Sep

28,041 135,049 135,487 26,683 104 288 529 163,090 Oct

28,321 128,931 131,842 24,528 103 322 457 157,252 Nov

21,987 136,058 136,682 20,414 103 305 542 158,045 Dec

2011

21,533 136,634 139,781 17,333 100 303 651 158,168 Jan

21,934 134,333 137,595 17,767 102 256 548 156,268 Feb

21,858 133,671 137,834 16,611 94 503 486 155,529 Mar

21,099 126,833 130,911 16,093 88 359 480 147,932 Apr

20,748 123,485 126,999 15,998 91 680 466 144,233 May

23,075 130,524 136,311 16,287 58 302 641 153,598 Jun

23,036 166,967 173,456 15,346 60 454 686 190,002 Jul

24,136 164,316 170,561 16,380 60 453 998 188,452 Aug

23,463 160,929 167,013 16,370 1 466 543 184,392 Sep

22,888 167,952 173,155 16,483 1 605 596 190,840 Okt

23,471 163,898 164,201 21,781 1 788 599 187,369 Nov

23,084 168,683 170,076 19,036 1 2,254 401 191,768 Dec

2012

23,513 161,599 162,556 19,705 1 2,203 649 185,113 Jan

24,445 159,675 162,396 18,818 1 2,105 800 184,119 Feb

24,981 150,549 153,062 19,963 1 1,938 567 175,530 Mar

Public

enterprisesCompanies

Currency structure

Total

(13+14) =

(15 to 19)

FX deposits

March 2012

38

Тable 5c

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

No risk hedging

Retail price growth

Other types of hedging EUR USD JPY CHF

Other currencies

Limited FX clause

(unilateral)

1 2 3 4 5 6 7 8 9 102008 52,260 0 3 266 0 0 9 3 8 52,5492009 61,326 0 0 219 0 0 1 0 3 61,5502010 79,277 0 4 269 0 0 6 8 0 79,5642011

2010Mar 56,943 0 0 236 0 0 1 0 2 57,183Apr 58,664 0 0 191 0 0 1 0 2 58,858May 58,112 0 0 211 0 0 1 0 3 58,327Jun 58,658 0 0 236 0 0 2 0 2 58,898Jul 60,473 0 0 198 0 0 3 0 2 60,676Aug 57,856 0 4 236 0 0 3 0 1 58,099Sep 59,019 0 4 230 0 0 2 0 1 59,256Oct 57,973 0 4 212 0 0 2 0 1 58,190Nov 58,125 0 8 217 0 0 2 0 0 58,352Dec 60,545 0 9 243 0 0 3 0 0 60,799

2011Jan 55,287 0 7 184 0 0 3 0 0 55,482Feb 57,867 0 7 198 0 0 3 0 0 58,076Mar 58,029 0 8 210 0 0 3 5 0 58,255Apr 61,054 0 7 213 0 0 3 6 0 61,284May 56,664 0 7 233 0 0 4 5 0 56,913Jun 59,158 0 8 250 0 0 4 8 1 59,429Jul 64,037 0 4 264 0 0 5 7 1 64,316Aug 64,606 0 4 270 0 0 5 7 1 64,892Sep 67,384 0 4 267 0 0 5 7 1 67,668Okt 64,740 0 4 284 0 0 5 8 0 65,041Nov 68,580 0 4 257 0 0 5 8 0 68,854Dec 79,277 0 4 269 0 0 6 8 0 79,564

2012Jan 79,001 0 5 250 0 0 6 7 0 79,270Feb 79,169 0 5 297 0 0 7 7 0 79,485Mar 75,861 0 6 310 0 0 7 6 0 76,190

Domestic deposits

Dinar FX-indexed

Total(1 t 9)


39


currencies

11 12 13 14 15 16

392,310 12,168 9 8,255 1,827 414,570 2008

540,814 13,989 10 8,976 2,389 566,177 2009

728,137 22,195 19 20,683 4,603 775,637 2010

2011

2010

577,530 15,688 11 9,833 2,709 605,772 Mar

580,646 15,835 11 9,768 2,754 609,014 Apr

601,610 17,907 13 10,509 3,070 633,108 May

618,555 18,630 14 11,778 3,263 652,240 Jun

639,497 18,021 14 11,889 3,371 672,791 Jul

638,732 18,749 15 12,533 3,390 673,417 Aug

649,229 17,916 14 12,513 3,293 682,964 Sep

659,313 18,012 14 12,383 3,378 693,100 Oct

696,944 19,631 14 13,539 3,412 733,540 Nov

694,911 19,228 14 14,452 3,463 732,069 Dec

2011

696,079 18,806 14 14,316 3,408 732,623 Jan

690,841 18,621 14 14,310 3,444 727,230 Feb

694,820 18,336 13 14,243 3,480 730,892 Mar

672,904 17,074 12 13,889 3,421 707,300 Apr

661,855 17,459 12 14,409 3,409 697,144 May

704,947 18,509 13 15,539 3,589 742,597 Jun

706,938 18,594 14 16,657 3,719 745,922 Jul

706,606 18,191 14 16,116 3,825 744,751 Aug

705,332 19,228 15 15,745 3,781 744,100 Sep

698,810 18,515 14 15,849 3,768 736,956 Okt

728,875 20,883 16 19,014 4,264 773,052 Nov

728,137 22,195 19 20,683 4,603 775,637 Dec

2012

739,602 22,403 20 21,310 4,740 788,075 Jan

770,245 23,086 20 22,435 4,997 820,783 Feb

782,494 23,615 37 23,001 5,105 834,253 Mar

FX deposits

Currency structure

Total

(11 to 15)

March 2012

40

Тable 5d

Corporate Deposits with Banks by Sector(In RSD million, 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

Sectors

L, M, N,

R and S

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

2010

Aug 2,688 20,090 6,894 6,705 23,938 10,413 12,659 1,364 779 9 85,539 2,394 21,712 4,045 7,206 13,963 17,255 31,860

Sep 2,923 19,108 6,771 7,136 23,909 11,456 12,971 1,793 410 14 86,490 2,175 22,764 4,156 7,130 13,659 18,625 30,836

Oct 3,052 19,273 7,436 6,912 24,590 10,798 12,289 2,331 595 11 87,287 2,113 24,588 4,092 7,774 15,084 17,039 31,183

Nov 2,910 19,329 6,777 6,542 24,905 10,054 12,476 2,243 239 11 85,484 2,269 19,741 4,046 8,680 15,353 19,426 34,386

Dec 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

Jan 2,432 17,093 6,427 7,019 22,330 11,121 12,307 2,178 142 3 81,052 2,234 18,171 4,382 8,467 13,347 22,473 32,949

Feb 2,553 15,927 6,852 6,264 24,608 10,159 12,762 2,246 197 3 81,572 2,656 18,362 4,193 9,694 13,299 20,046 31,830

Mar 3,370 16,092 6,643 6,361 22,040 11,473 12,524 2,223 114 3 80,844 2,451 15,895 4,378 10,958 16,295 20,196 32,333

Apr 2,436 17,489 6,007 4,820 21,847 11,619 12,323 2,097 252 4 78,892 2,960 19,085 5,193 10,607 13,448 17,944 32,165

May 3,879 19,949 6,008 6,666 26,556 9,662 14,739 2,295 133 4 89,890 3,524 19,216 5,558 9,981 13,727 18,814 31,664

Jun 2,583 21,112 6,570 5,984 23,582 10,926 14,077 2,498 260 4 87,594 4,275 23,326 6,063 10,513 13,407 19,893 33,339

Jul 2,398 20,447 5,994 6,693 23,942 13,504 14,376 2,198 502 4 90,057 3,601 17,669 6,476 11,432 13,813 17,042 30,903

Aug 2,579 19,643 6,692 6,695 25,187 18,978 14,183 2,204 397 6 96,563 3,519 20,554 6,444 11,716 14,194 26,419 31,602

Sep 2,992 16,879 6,983 7,404 24,214 15,827 13,398 2,162 279 6 90,143 3,291 23,424 6,242 11,971 15,814 28,062 30,179

Oct 3,012 22,104 7,373 7,516 26,786 12,572 13,613 2,388 433 6 95,802 3,983 22,408 6,314 12,000 15,989 27,340 30,268

Nov 3,247 21,120 7,606 7,092 27,704 14,488 14,002 2,472 515 7 98,251 3,756 29,484 6,295 12,969 16,724 22,719 31,047

Dec 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

Jan 2,611 18,977 6,108 8,125 25,462 10,609 13,340 2,483 309 1 88,025 3,657 32,742 5,760 15,211 15,806 13,430 33,860

Feb 2,420 18,345 5,947 7,945 26,965 11,045 14,190 2,333 425 1 89,615 3,811 31,148 5,644 14,900 13,815 12,182 33,990

Mar 2,879 17,873 4,696 6,857 24,965 8,858 12,621 2,257 171 1 81,178 4,583 29,471 5,376 14,273 13,826 11,512 31,678

Sector A Sector J

Sector B Sector L

Sector C Sector M

Sector D Sector N

Sector E Sector P

Sector F Sector Q

Sector G Sector R

Sector H Sector S

Sector I

Dinar and indexed dinar savings and term depositsTransaction deposits in dinars

LEGEND:

Agriculture, forestry, fishing

Mining

Processing industry

Distribution of electricity, gas, steam and air conditioning

Water supply; waste water management, waste disposal control and similar activities

Information and communications

Real estate activity

Professional, scientific, innovation and technical activities

Administrative and supporting service activities

Education

Health and social care

Art, entertainment and recreational activities

Other service activities

NOTE:

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

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.

Construction

Wholesale and retail trade, repair of motor vehicles and motorcycles

Transport and warehousing

Food and lodging services


41

Sectors

P and Q

Related

public

enterprises

and

companies

not included

in consoli-

dation

Related

public

enterprises

and

companies

included in

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

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

(23 to

32)

19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

1,264 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

2010

899 2,667 4 102,005 1,937 46,377 5,042 13,380 38,407 27,563 20,926 1,670 1,151 32 156,485 344,030 Aug

750 2,789 4 102,888 2,258 50,195 4,062 12,849 35,693 28,459 21,482 1,550 1,767 3 158,318 347,697 Sep

991 3,000 4 105,869 2,669 52,687 4,271 13,787 36,082 28,969 21,426 1,215 1,981 3 163,090 356,246 Oct

1,103 3,205 4 108,212 2,804 49,922 4,255 13,577 38,361 24,015 22,206 1,013 1,096 3 157,252 350,947 Nov

1,264 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 Dec

2011

1,135 733 4 103,896 3,211 56,196 3,823 15,136 32,090 24,976 19,771 1,046 1,917 3 158,168 343,115 Jan

1,187 784 4 102,057 3,378 54,921 3,741 14,499 32,169 26,060 19,214 1,156 1,127 3 156,267 339,896 Feb

1,200 218 4 103,929 3,963 53,258 4,576 13,359 31,358 27,002 19,705 951 1,305 52 155,529 340,301 Mar

1,260 134 4 102,800 3,503 49,413 3,881 13,290 29,649 26,729 19,310 978 1,176 2 147,932 329,623 Apr

1,050 53 4 103,591 4,369 47,018 3,830 12,953 30,210 24,712 18,792 988 1,361 2 144,233 337,714 May

1,141 65 4 112,027 3,623 49,765 4,102 13,642 33,595 27,585 19,374 1,005 905 2 153,598 353,219 Jun

1,046 95 4 102,082 3,851 65,191 4,078 16,879 31,321 28,831 36,819 1,269 1,762 2 190,003 382,142 Jul

977 164 2 115,589 3,872 65,424 4,464 18,567 34,152 30,162 29,259 1,085 1,465 2 188,452 400,604 Aug

923 184 2 120,093 3,680 67,796 4,673 17,066 33,602 30,685 24,828 995 1,066 2 184,392 394,628 Sep

1,087 599 2 119,989 3,555 63,027 4,213 14,724 46,416 31,377 23,120 1,024 3,383 2 190,840 406,631 Oct

1,276 634 2 124,905 3,864 64,581 4,483 15,975 40,371 31,733 22,458 1,003 2,898 2 187,369 410,526 Nov

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 Dec

2012

1,162 897 2 122,527 3,327 74,073 4,980 17,516 35,583 25,756 21,539 989 1,347 2 185,112 395,665 Jan

1,189 871 0 117,550 3,757 67,557 5,026 19,956 34,943 26,770 22,526 1,024 2,561 1 184,119 391,284 Feb

1,357 733 0 112,807 3,808 59,049 4,760 18,444 35,702 29,876 21,961 1,009 922 1 175,530 369,515 Mar

Dinar and indexed dinar savings and term

depositsForeign exchange deposits

Total

enterprises

(11+22+33)

March 2012

42

Table 6

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

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpri-

ses

Compa-

nies

House-

holds

Non-profit

and other

organi-

zations

Total

(1 to 6)

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpri-

ses

Compa-

nies

House-

holds

Non-profit

and other

organi-

zations

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

2010

Mar 3,824 264 21,190 372,065 65,474 3,191 466,008 148 0 83 17,221 24 5 17,482

Apr 3,642 338 10,943 380,823 66,181 3,267 465,194 148 0 97 18,012 31 5 18,293

May 3,937 341 11,687 401,111 68,097 3,338 488,511 145 0 743 19,264 26 5 20,182

Jun 4,349 455 11,282 417,745 69,089 3,304 506,225 152 0 603 17,689 19 5 18,468

Jul 4,696 420 11,224 428,082 69,984 3,328 517,734 156 0 466 17,889 39 5 18,555

Aug 8,850 590 12,111 423,495 71,052 244 516,343 1,036 0 368 16,992 39 12 18,447

Sep 9,679 539 13,374 431,328 71,252 344 526,516 1,130 0 191 17,206 43 1 18,571

Oct 9,013 456 13,092 445,953 72,114 279 540,907 1,134 0 44 17,941 41 1 19,161

Nov 8,661 335 15,563 454,643 72,552 270 552,023 947 0 400 14,881 33 1 16,262

Dec 7,031 362 14,900 465,955 70,806 284 559,337 899 0 410 14,625 31 1 15,966

2011

Jan 7,347 328 17,739 461,912 70,964 257 558,547 879 0 540 14,253 27 1 15,700

Feb 7,677 331 14,962 462,774 70,371 259 556,372 800 7 541 15,107 25 1 16,481

Mar 8,056 358 22,236 453,538 72,767 249 557,204 620 15 480 13,990 22 1 15,128

Apr 7,561 737 21,361 440,841 71,433 274 542,207 621 12 422 13,951 19 1 15,026

May 7,790 700 22,459 425,705 71,458 248 528,358 620 16 731 13,476 24 1 14,868

Jun 8,131 585 25,659 428,086 71,367 231 534,058 610 12 664 12,664 16 1 13,968

Jul 8,411 743 25,017 418,945 70,585 214 523,915 590 9 578 12,421 25 1 13,624

Aug 8,586 683 17,372 410,364 70,408 205 507,618 577 6 495 11,721 25 1 12,825

Sep 8,616 697 17,085 406,949 69,715 82 503,143 673 3 415 12,150 25 1 13,266

Oct 8,274 745 16,505 400,821 69,975 80 496,400 763 20 534 12,158 22 1 13,498

Nov 8,265 624 17,705 401,420 70,266 79 498,360 785 16 385 12,509 17 1 13,713

Dec 8,538 485 20,629 398,391 68,410 102 496,556 729 94 258 15,535 27 0 16,642

2012

Jan 8,329 366 18,860 406,283 69,300 146 503,284 699 91 209 15,929 30 0 16,958

Feb 8,414 365 20,166 415,591 70,217 157 514,910 684 80 1,722 15,026 31 0 17,543

Mar 9,741 406 20,057 422,917 72,961 256 526,338 711 65 1,733 13,498 43 0 16,049

Credit Securities

Short-term dinar and indexed dinar claims

NOTE:


data series.



43

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpri-

ses

Compa-

nies

House-

holds

Non-profit

and other

organi-

zations

Total

(15 to 20)

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpri-

ses

Compa-

nies

House-

holds

Non-profit

and other

organi-

zations

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

2010

543 40 243 18,417 3,957 107 23,306 7,524 0 5,308 36,742 178 135 49,888 556,684 Mar

578 36 148 19,505 3,921 110 24,297 7,446 0 5,291 36,951 192 135 50,015 557,799 Apr

518 38 148 20,631 4,224 121 25,681 11,381 0 5,535 38,736 174 144 55,970 590,344 May

559 54 155 21,210 4,421 108 26,506 10,461 8 5,744 39,438 184 143 55,978 607,177 Jun

585 45 133 21,920 4,434 110 27,227 8,524 3 5,675 39,911 173 145 54,431 617,947 Jul

462 46 127 22,888 4,560 23 28,106 5,420 3 5,642 40,411 161 10 51,647 614,543 Aug

524 58 147 23,533 4,529 26 28,818 5,255 2 5,637 43,145 159 6 54,204 628,109 Sep

486 48 174 24,840 4,746 24 30,317 4,984 0 5,791 44,246 158 6 55,185 645,570 Oct

523 46 163 25,315 4,746 28 30,820 5,246 1 5,722 44,092 156 6 55,223 654,329 Nov

584 55 194 23,087 4,284 25 28,229 4,770 8 5,618 39,990 161 5 50,552 654,084 Dec

2011

743 54 273 24,598 4,543 24 30,235 4,220 3 5,552 40,193 164 5 50,137 654,618 Jan

845 45 233 25,981 4,662 25 31,791 4,145 1 5,470 41,492 161 5 51,274 655,917 Feb

961 57 275 26,771 4,649 25 32,738 4,426 0 5,466 42,417 218 5 52,532 657,603 Mar

1,035 52 313 27,672 4,727 26 33,825 4,212 0 5,222 39,986 223 5 49,648 640,706 Apr

873 54 270 28,247 4,725 27 34,195 12,260 0 5,107 37,824 206 5 55,402 632,823 May

843 58 279 28,331 4,931 26 34,467 5,029 5 5,389 38,722 218 5 49,367 631,860 Jun

825 67 315 29,215 5,143 26 35,590 5,020 4 5,382 38,424 231 5 49,066 622,196 Jul

790 55 238 29,260 5,052 29 35,422 4,857 3 5,348 37,657 235 5 48,104 603,971 Aug

843 65 245 29,756 5,129 13 36,050 4,908 2 5,373 38,139 241 11 48,674 601,133 Sep

835 68 224 29,921 5,242 13 36,302 4,657 0 5,312 37,577 231 13 47,788 593,990 Oct

873 62 220 30,944 5,321 17 37,437 4,740 0 5,536 40,250 246 15 50,787 600,298 Nov

866 85 220 30,238 5,094 13 36,516 4,249 8 5,597 43,034 301 5 53,193 602,907 Dec

2012

1,567 67 230 31,504 5,334 14 38,716 4,860 1 5,657 43,521 319 5 54,363 613,320 Jan

1,488 61 239 32,452 5,576 20 39,834 4,541 0 5,858 45,773 324 5 56,501 628,788 Feb

1,503 70 244 33,101 5,642 19 40,578 4,386 1 5,928 45,594 329 6 56,243 639,209 Mar

Short-term foreign currency claimsTotal

short-

term

claims

(7+14+

21+28)

On interest and fees

Short-term dinar and indexed dinar claims

March 2012

44

Table 6a

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

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpries

Compa-

nies

House-

holds

Non-profit

and other

organi-

zations

Total

(1 to 6)

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpries

Compa-

nies

House-

holds

Non-profit

and other

organi-

zations

Total

(8 to 13)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

1999 103 0 298 2,955 1,138 2 4,496 0 0 0 0 0 0 0 1,832

2000 218 2 579 4,618 1,698 1 7,116 0 0 0 0 0 0 0 3,761

2001 306 98 927 10,256 2,197 6 13,790 0 0 0 0 0 0 0 5,059

2002 379 277 642 15,078 7,998 221 24,595 0 0 0 0 0 0 0 2,951

2003 1 1,244 290 24,392 17,295 342 43,564 0 0 0 0 0 0 0 3,835

2004 209 1,094 1,236 50,266 49,563 388 102,756 0 0 0 0 0 0 0 4,343

2005 31 2,074 7,273 85,287 107,717 1,066 203,448 0 0 0 0 0 0 0 3,764

2006 12 4,872 8,459 124,500 163,631 1,274 302,748 0 0 0 0 0 0 0 4,040

2007 70 6,891 7,004 185,546 253,294 3,154 455,959 0 0 0 0 0 0 0 3,832

2008 6,579 8,732 5,366 258,699 364,867 1,343 645,586 8 0 0 800 0 0 808 1,855

2009 5,995 10,859 23,286 316,240 393,516 2,496 752,392 8 0 0 444 0 0 452 2,844

2010 16,303 17,231 45,780 383,221 495,300 349 958,184 108 0 180 1,905 0 0 2,194 1,564

2011 23,579 23,065 69,106 497,602 527,314 641 1,141,306 90 0 9 4,031 0 0 4,130 1,383

2010

Mar 6,176 11,117 24,240 329,282 416,688 3,115 790,618 8 0 0 428 0 0 436 2,663

Apr 6,129 11,225 37,947 327,031 419,730 3,073 805,135 8 0 0 365 0 0 373 2,663

May 6,644 11,634 42,308 332,406 438,906 3,434 835,331 8 0 0 418 0 0 426 2,663

Jun 6,679 12,167 45,033 341,776 460,927 3,357 869,938 7 0 0 276 0 0 283 2,714

Jul 6,700 12,528 40,071 357,771 471,253 3,398 891,721 7 0 0 338 0 0 345 2,714

Aug 12,738 13,741 39,319 358,439 477,401 498 902,136 112 0 0 913 0 0 1,025 2,680

Sep 11,791 14,465 39,624 362,149 482,460 347 910,837 122 0 0 1,208 0 0 1,330 2,685

Oct 12,400 15,153 41,687 368,304 487,958 351 925,853 129 0 0 1,199 0 0 1,328 2,030

Nov 13,921 15,500 43,301 375,930 494,179 398 943,230 124 0 11 1,999 0 0 2,135 1,814

Dec 16,303 17,231 45,780 383,221 495,300 349 958,184 108 0 180 1,905 0 0 2,194 1,564

2011

Jan 16,962 16,964 45,493 379,365 488,651 343 947,779 108 0 72 1,152 0 0 1,331 1,565

Feb 16,487 16,852 45,294 373,664 484,414 373 937,084 104 0 70 1,073 0 0 1,246 1,565

Mar 16,555 16,905 48,049 392,509 486,232 550 960,799 104 0 70 1,296 0 0 1,469 1,568

Apr 16,229 16,537 46,468 395,643 475,460 576 950,913 104 0 67 1,266 0 0 1,436 1,567

May 17,126 16,560 44,812 408,235 477,267 634 964,634 99 0 61 1,352 0 0 1,512 1,556

Jun 19,830 17,485 46,275 437,386 506,157 668 1,027,801 99 0 55 1,583 0 0 1,737 1,554

Jul 20,632 17,748 45,771 444,552 514,560 651 1,043,913 99 0 48 1,818 0 0 1,965 1,557

Aug 22,461 17,812 63,513 450,022 513,438 655 1,067,901 92 0 39 1,895 0 0 2,026 1,560

Sep 23,010 18,848 62,850 457,062 511,308 640 1,073,719 91 0 33 1,869 0 0 1,993 1,260

Oct 23,877 19,708 63,115 452,505 512,009 619 1,071,833 94 0 27 1,731 0 0 1,852 1,259

Nov 21,593 20,800 68,517 470,635 525,338 660 1,107,543 90 0 15 2,228 0 0 2,332 1,390

Dec 23,579 23,065 69,106 497,602 527,314 641 1,141,306 90 0 9 4,031 0 0 4,130 1,383

2012

Jan 23,669 23,197 73,000 513,989 532,467 649 1,166,971 91 0 3 3,444 0 0 3,538 1,383

Feb 24,292 23,783 74,725 524,415 544,748 815 1,192,778 89 0 0 4,525 0 0 4,614 1,383

Mar 24,298 24,023 74,446 528,747 548,909 737 1,201,158 90 0 0 4,437 0 0 4,527 1,380

NOTE:

Securities


Credit

Long-term dinar claims

Enterprise

shares



45

Other

financial

organi-

zations

Local

govern-

ment

Public

enterpri-

ses

Compa-

nies

House-

holds

Non-profit

and other

organi-

zations

Total

(16 to 21)

16 17 18 19 20 21 22 23 24 25 26 27

23 254 4,604 19,503 0 214 24,598 102 31,028 67,261 12,124 97 1999

0 1,369 27,305 104,255 0 3,713 136,642 423 147,942 222,932 22,593 165 2000

0 1,451 32,530 106,945 0 7,807 148,733 384 167,966 263,640 34,550 269 2001

126 0 5,248 51,927 0 10 57,311 2 84,859 171,873 13,458 119 2002

142 0 5,952 59,227 0 136 65,457 9 112,865 228,429 52,181 894 2003

163 0 9,235 61,717 0 92 71,207 10 178,316 334,851 67,166 2,073 2004

281 5 7,358 60,252 7 119 68,022 11 275,245 509,379 86,576 7,208 2005

239 0 3,681 37,508 7 119 41,554 10 348,352 594,336 54,779 7,500 2006

223 0 3,982 33,482 27 40 37,754 10 497,555 827,297 57,885 10,802 2007

31 406 2,415 29,104 414 226 32,596 22 680,867 1,117,196 74,457 19,813 2008

11 423 2,487 25,052 547 244 28,764 0 784,452 1,298,737 94,853 27,133 2009

219 450 2,439 28,228 622 0 31,957 0 993,899 1,647,983 116,033 31,773 2010

142 1,977 2,268 25,539 596 5 30,527 0 1,177,345 1,780,252 166,015 34,837 2011

2010

12 440 2,567 27,685 588 252 31,544 0 825,261 1,381,945 101,802 28,852 Mar

12 438 2,562 27,409 589 250 31,261 0 839,432 1,397,231 102,105 28,278 Apr

0 454 2,611 28,653 608 327 32,653 0 871,073 1,461,417 104,970 29,487 May

0 453 2,546 29,745 622 331 33,697 0 906,632 1,513,809 112,136 30,558 Jun

0 462 2,655 30,119 672 332 34,240 0 929,020 1,546,967 113,252 31,085 Jul

222 456 2,646 29,753 724 0 33,800 0 939,641 1,554,184 113,550 31,629 Aug

253 461 2,576 28,211 710 0 32,211 0 947,063 1,575,172 118,016 32,227 Sep

238 466 2,487 28,616 698 0 32,505 0 961,716 1,607,286 118,876 32,711 Oct

233 465 2,601 29,263 676 0 33,239 0 980,418 1,634,747 118,898 33,342 Nov

219 450 2,439 28,228 622 0 31,957 0 993,899 1,647,983 116,033 31,773 Dec

2011

215 446 2,406 26,452 653 0 30,171 0 980,846 1,635,464 114,992 32,033 Jan

211 440 2,368 26,107 611 0 29,737 0 969,632 1,625,549 115,576 32,280 Feb

211 442 2,307 25,662 601 0 29,222 0 993,058 1,650,661 118,956 32,764 Mar

174 425 2,195 24,929 555 0 28,277 0 982,193 1,622,899 118,170 32,557 Apr

171 413 2,135 24,408 577 1 27,704 0 995,406 1,628,229 116,422 32,956 May

170 428 2,245 26,198 582 1 29,623 0 1,060,715 1,692,576 123,384 33,910 Jun

170 427 2,243 24,426 632 0 27,898 0 1,075,333 1,697,528 120,234 34,569 Jul

169 424 2,227 25,502 678 0 29,001 0 1,100,488 1,704,459 121,028 34,672 Aug

172 423 2,195 25,292 639 0 28,721 0 1,105,693 1,706,827 128,860 34,991 Sep

169 1,927 2,164 25,077 608 0 29,945 0 1,104,889 1,698,879 129,882 35,151 Oct

145 1,945 2,245 25,769 609 0 30,712 0 1,141,978 1,742,275 133,371 35,589 Nov

142 1,977 2,268 25,539 596 5 30,527 0 1,177,345 1,780,252 166,015 34,837 Dec

2012

142 2,023 2,288 36,142 660 0 41,255 0 1,213,147 1,826,467 167,575 35,679 Jan

142 2,113 2,366 37,276 642 3 42,542 0 1,241,316 1,870,104 171,371 36,913 Feb

144 2,121 2,332 37,313 655 5 42,570 0 1,249,636 1,888,844 177,023 37,457 Mar

Enterprise

shares

Long-term foreign currency claims

Credit Total claims

(tab. 6

col. 29 +

tab. 6a

col. 24)

Provisioning against losses

On total

claims on

enterprises

(tab. 6 and

tab. 6a)

On total

claims on

households

(tab. 6 and

tab. 6a)

Total

long-

term

claims

(7+14+

15+22

+23)

March 2012

46

Table 6b

Bank Claims on Corporate Sector by Contracted Hedge and Currency (In million dinars, end of period)

No risk

hedging

Retail

price

growth

Other

types

of risk

hedging


currencies

Limited FX

clause

(unilateral)

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

2008 14,603 618,857 221,162 16,130 1,016 298,198 2,687 0 34,462 2 59,803 633,460

2009 42,783 740,794 212,322 8,905 148 454,086 11,880 0 24,431 1 71,804 783,577

2010 61,464 933,957 334,287 8,540 272 553,027 12,966 0 25,175 4 61,148 995,421

2011 90,223 947,179 297,293 6,949 242 642,730 12,786 0 18,003 4 59,394 1,037,401

2010

Mar 45,761 784,162 231,654 9,029 189 476,248 13,226 0 24,588 1 74,988 829,923

Apr 49,140 792,382 239,663 8,741 187 485,345 13,610 0 24,720 4 69,252 841,522

May 54,891 821,115 253,804 8,207 205 504,497 14,533 0 25,913 4 68,843 876,006

Jun 57,078 846,546 270,721 8,062 210 514,127 14,693 0 27,578 4 68,229 903,624

Jul 51,899 874,008 281,817 8,423 233 524,663 13,964 0 26,843 4 69,960 925,907

Aug 51,925 870,140 292,197 8,535 268 511,774 14,153 0 27,308 4 67,826 922,065

Sep 53,336 882,568 303,241 7,988 277 516,999 12,998 0 26,063 4 68,334 935,904

Oct 54,997 904,683 312,976 8,305 255 532,403 12,829 0 24,881 4 68,027 959,680

Nov 59,439 918,475 323,903 8,393 253 540,353 13,509 0 25,339 4 66,160 977,914

Dec 61,464 933,957 334,287 8,540 272 553,027 12,966 0 25,175 4 61,148 995,421

2011

Jan 64,117 882,845 325,343 8,387 261 519,402 12,541 0 21,261 4 59,764 946,963

Feb 61,101 880,165 324,175 8,406 257 514,388 12,322 0 21,334 4 60,379 941,265

Mar 71,110 889,671 334,948 8,366 245 524,820 11,804 0 21,026 4 59,568 960,781

Apr 68,630 880,940 336,415 8,277 236 516,566 11,171 0 19,224 3 57,679 949,571

May 68,333 878,571 340,053 8,309 242 512,978 11,181 0 19,340 3 54,796 946,904

Jun 72,931 909,604 327,700 8,285 251 556,231 11,714 0 19,840 3 58,513 982,535

Jul 71,730 908,507 319,333 7,493 260 561,919 10,086 0 20,164 4 60,979 980,237

Aug 81,657 904,821 303,976 7,502 253 587,178 9,085 0 19,383 3 59,099 986,478

Sep 80,627 909,046 300,725 7,398 242 593,001 9,865 0 18,407 4 60,032 989,673

Oct 80,405 898,395 292,717 7,553 244 588,646 12,844 0 17,888 3 58,906 978,801

Nov 86,842 919,125 291,095 7,583 248 615,020 12,148 0 17,954 0 61,919 1,005,967

Dec 90,223 947,179 297,293 6,949 242 642,730 12,786 0 18,003 4 59,394 1,037,401

2012

Jan 92,303 972,531 297,543 6,976 246 668,533 13,014 0 18,274 4 60,245 1,064,835

Feb 96,852 993,392 299,910 6,957 249 688,819 13,296 0 18,892 4 62,117 1,090,244

Mar 96,481 ####### 298,509 6,982 259 701,296 13,428 0 18,629 44 61,413 1,100,561

Dinar FX-indexed

NOTE:

The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force on

1 July 2008.

Public

enterprises

Total

(1+2) =

(3 to 11)

Dinar and indexed dinar claims

Compa-

nies


47


currencies

13 14 15 16 17 18 19 20

10,867 64,555 55,728 17,146 5 2,210 333 75,422 2008

7,534 57,934 53,137 9,761 5 2,238 327 65,468 2009

8,058 68,360 62,228 10,881 6 2,911 391 76,417 2010

7,865 68,572 61,738 9,481 2 4,828 389 76,437 2011

2010

7,875 64,592 57,702 11,980 5 2,428 352 72,467 Mar

7,853 64,523 57,555 12,082 5 2,380 354 72,376 Apr

8,146 67,526 59,304 13,515 6 2,478 369 75,672 May

8,290 69,329 60,594 14,004 6 2,631 384 77,619 Jun

8,330 70,173 63,264 12,204 6 2,642 387 78,503 Jul

8,288 70,288 63,068 12,369 6 2,745 388 78,576 Aug

8,213 71,482 65,443 11,141 6 2,716 389 79,695 Sep

8,278 72,991 66,992 11,181 6 2,705 385 81,269 Oct

8,324 73,486 66,354 12,284 6 2,769 396 81,810 Nov

8,058 68,360 62,228 10,881 6 2,911 391 76,417 Dec

2011

7,957 66,645 61,228 10,175 6 2,801 391 74,601 Jan

7,838 67,598 60,850 10,458 6 3,735 387 75,436 Feb

7,773 68,079 62,454 9,474 6 3,537 381 75,852 Mar

7,418 64,915 59,781 8,608 5 3,573 366 72,332 Apr

7,242 62,232 56,882 8,540 5 3,681 360 69,468 May

7,635 64,920 59,282 8,835 6 4,063 369 72,554 Jun

7,625 62,850 59,125 6,709 6 4,263 373 70,474 Jul

7,575 63,160 59,092 7,132 6 4,137 368 70,735 Aug

7,569 63,431 58,781 7,698 6 4,147 368 70,999 Sep

7,476 62,654 58,030 7,512 6 4,213 369 70,130 Oct

7,781 66,019 60,129 8,573 6 4,661 429 73,800 Nov

7,865 68,572 61,738 9,481 2 4,828 389 76,437 Dec

2012

7,945 79,664 72,978 9,298 2 4,934 396 87,609 Jan

8,224 83,049 76,179 9,524 2 5,156 411 91,273 Feb

8,260 82,907 76,413 9,141 2 5,196 417 91,168 Mar

FX claims

Public

enterprises

Total

(13+14) =

(15 to 19)

Currency composition

Companies

March 2012

48

Table 6c

Bank Claims on Households by Contracted Hedge and Currency Structure(In million dinars, end of period)

No risk

hedging

Retail

price

growth

Other

types

of risk

hedging

EUR USD JPY CHF

Other

currencie

s

Limited

FX clause

(unilateral)

1 2 3 4 5 6 7 8 9 10 10a

2008 80,171 1,055 2,017 199,503 40 0 96,478 0 2,232 381,496 46,067

2009 89,219 792 1,476 227,057 31 0 97,312 0 1,850 417,737 43,898

2010 143,595 497 1,240 263,954 33 0 116,045 0 1,456 526,821 43,601

2011 193,673 413 1,885 292,972 32 0 110,489 0 1,382 600,845 41,139

2010

Mar 91,462 712 1,432 243,737 34 0 102,956 0 1,719 442,052 44,091

Apr 96,398 698 1,427 244,448 34 0 101,204 0 1,665 445,874 43,988

May 103,653 667 1,419 254,272 38 0 104,886 0 1,690 466,625 44,626

Jun 111,934 646 1,409 259,798 37 0 113,813 0 1,677 489,314 45,139

Jul 119,488 632 1,401 265,477 35 0 111,713 0 1,665 500,411 45,299

Aug 126,588 647 1,399 262,992 36 0 115,047 0 1,611 508,320 44,733

Sep 132,339 626 1,399 265,399 34 0 112,443 0 1,587 513,827 44,457

Oct 139,043 556 1,245 268,460 34 0 109,571 0 1,533 520,442 44,417

Nov 143,027 518 1,238 268,151 34 0 113,164 0 1,484 527,616 43,893

Dec 143,595 497 1,240 263,954 33 0 116,045 0 1,456 526,821 43,601

2011

Jan 157,889 607 1,225 288,029 58 0 114,061 0 2,317 564,185 42,601

Feb 159,073 584 1,201 284,024 56 0 112,258 0 2,276 559,471 42,051

Mar 164,036 564 1,213 285,882 55 0 109,725 0 2,195 563,670 42,545

Apr 166,725 541 1,225 276,069 50 0 104,991 0 2,037 551,638 41,497

May 172,616 510 1,292 269,540 49 0 107,477 0 1,989 553,473 40,903

Jun 175,944 486 1,301 288,252 30 0 114,420 0 2,038 582,471 42,073

Jul 179,248 471 1,283 288,334 30 0 119,007 0 1,940 590,313 41,701

Aug 183,857 461 1,277 287,077 30 0 114,313 0 1,908 588,923 41,141

Sep 187,004 451 1,608 285,776 31 0 109,501 0 1,807 586,178 40,496

Oct 192,003 434 1,729 283,622 30 0 107,718 0 1,713 587,248 40,146

Nov 194,102 423 1,817 292,720 31 0 110,111 0 1,738 600,942 41,032

Dec 193,673 413 1,885 292,972 32 0 110,489 0 1,382 600,845 41,139

2012

Jan 194,961 408 1,942 296,010 32 0 112,415 0 1,364 607,130 41,314

Feb 194,717 401 1,991 306,018 32 0 116,023 0 1,389 620,570 42,391

Mar 199,791 399 2,147 307,389 32 0 116,423 0 1,373 627,554 42,892

Total

(1 to 9)

FX-indexed


Dinar

The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force on

1 July 2008.

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.

Of which:

Entre-

preneurs

NOTE:


49


currencies

11 12 13 14 15 16 16a

394 27 0 2 0 423 193 2008

534 26 0 2 0 562 149 2009

610 28 0 2 0 641 142 2010

860 35 0 2 1 898 232 2011

0 2010

571 29 0 2 0 602 165 Mar

588 29 0 2 0 619 162 Apr

610 33 0 2 0 645 137 May

624 34 0 2 0 660 144 Jun

668 32 0 2 0 702 143 Jul

726 32 0 2 0 760 124 Aug

711 30 0 2 0 743 126 Sep

695 30 0 2 0 727 130 Oct

668 32 0 2 0 702 131 Nov

610 28 0 2 0 641 142 Dec

2011

780 29 0 9 0 817 145 Jan

736 26 0 9 0 772 142 Feb

779 29 0 9 1 818 176 Mar

747 28 0 2 1 778 159 Apr

757 24 0 2 1 783 155 May

769 27 0 2 1 799 145 Jun

834 26 0 2 1 863 183 Jul

884 26 0 2 1 913 181 Aug

847 30 0 2 1 879 164 Sep

811 25 0 2 1 838 150 Oct

815 37 0 2 1 855 145 Nov

860 35 0 2 1 898 232 Dec

2012

944 33 0 2 0 979 233 Jan

930 34 0 2 0 966 239 Feb

947 34 0 2 0 984 248 Mar

Currency composition

FX claims

Of which:

Entre-

preneurs

Total

(11 to 15)

March 2012

50

Tabela 6d

Bank Claims on the Corporate Sector, Sectoral Breakdown (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

consolidation

Related public

enterprises and

companies

included in

consolidation

Other

claims

Total

(1 to 11)

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

2010 53,032 295,168 9,864 117,437 281,168 103,363 60,335 6,409 1,920 99 23,025 951,820

2011 55,915 302,145 10,417 120,626 278,516 134,306 74,373 6,923 132 100 53,951 1,037,401

2010

Aug 48,986 270,508 6,909 104,043 277,204 87,332 59,823 5,567 660 272 16,030 877,333

Sep 51,279 273,024 5,997 107,433 277,229 90,997 61,013 5,864 626 130 17,854 891,447

Oct 54,101 280,322 5,903 112,238 281,964 93,168 60,906 6,120 1,215 132 19,194 915,264

Nov 53,731 288,043 6,097 115,294 283,845 95,987 61,511 6,231 1,437 131 21,715 934,021

Dec 53,032 295,168 9,864 117,437 281,168 103,363 60,335 6,409 1,920 99 23,025 951,820

2011

Jan 51,820 292,542 10,324 117,519 279,600 103,969 59,529 6,338 1,254 98 23,970 946,962

Feb 52,078 289,347 11,112 118,313 279,711 99,150 59,025 6,299 1,355 97 24,780 941,265

Mar 52,703 289,892 10,964 117,504 284,930 109,028 58,619 6,355 1,419 97 29,271 960,782

Apr 51,603 289,012 10,580 114,205 280,804 105,756 57,088 6,438 1,142 95 32,847 949,570

May 52,283 285,717 10,817 113,246 278,687 103,253 58,543 6,377 1,370 94 36,518 946,904

Jun 52,066 294,708 10,731 117,506 282,460 111,622 63,065 6,547 1,567 97 42,168 982,536

Jul 52,580 295,773 10,615 114,017 282,610 111,895 61,966 6,513 1,516 96 42,657 980,236

Aug 53,675 295,558 9,824 113,939 279,566 121,809 61,538 6,374 306 96 43,794 986,478

Sep 54,452 296,153 9,891 115,338 273,563 124,592 61,577 7,204 314 96 46,494 989,673

Oct 54,204 293,703 9,431 114,481 265,353 124,366 61,856 6,954 200 96 48,157 978,800

Nov 55,094 299,503 10,383 117,635 269,392 131,758 62,648 6,950 132 98 52,376 1,005,968

Dec 55,915 302,145 10,417 120,626 278,516 134,306 74,373 6,923 132 100 53,951 1,037,401

2012

Jan 56,256 310,189 9,638 119,856 281,280 147,710 74,522 6,920 218 100 58,146 1,064,835

Feb 56,993 315,713 12,484 122,514 284,727 151,825 76,402 6,857 137 104 62,490 1,090,244

Mar 56,754 316,093 13,560 122,340 281,303 154,868 75,820 6,856 549 103 72,313 1,100,561

Sector A Sector I

Sector B Sector J

Sector C Sector L

Sector D Sector M

Sector E Sector N

Sector P

Sector F Sector Q

Sector G Sector R

Sector H Sector S


LEGEND:

Agriculture, forestry, fishing

Health and social care

Art, entertainment and recreational activities

Mining

Processing industry

Distribution of electricity, gas, steam and air conditioning

Water supply; waste water management, waste disposal

control and similar activities

Construction

Food and lodging services

Information and communications

Real estate activity

Professional, scientific, innovation and technical activities

Administrative and supporting service activities

Education

Other service activities

NOTE:

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

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.

Wholesale and retail trade, repair of motor vehicles and motorcycles

Transport and warehousing

51

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

consolidation

Related public

enterprises and

companies

included in

consolidation

Other

claims

Total

(13 to 23)

13 14 15 16 17 18 19 20 21 22 23 24 25

1,461 31,935 6,041 2,839 20,121 5,151 2,689 49 0 0 5,989 76,275 1,028,095 2010

1,736 27,483 6,000 3,368 21,092 5,136 1,935 42 0 0 9,646 76,437 1,113,838 2011

2010

1,270 37,016 6,098 2,393 17,279 5,217 2,078 43 0 0 7,057 78,452 955,785 Aug

1,286 37,086 6,067 2,364 18,012 5,370 2,183 43 0 0 7,159 79,570 971,016 Sep

1,630 37,131 6,110 2,432 18,851 5,495 2,224 55 0 0 7,211 81,140 996,403 Oct

1,585 36,945 6,157 2,460 18,842 5,529 2,229 54 0 0 7,879 81,679 1,015,700 Nov

1,461 31,935 6,041 2,839 20,121 5,151 2,689 49 0 0 5,989 76,275 1,028,095 Dec

2011

1,401 31,454 5,961 2,524 19,656 4,394 2,636 48 0 0 6,529 74,603 1,021,564 Jan

1,318 31,544 5,870 2,475 20,420 4,458 2,630 46 0 0 6,677 75,436 1,016,701 Feb

1,268 31,824 5,858 2,122 19,982 4,773 2,651 52 0 0 7,324 75,852 1,036,634 Mar

1,277 30,443 5,581 2,000 19,267 4,373 2,623 50 0 0 6,719 72,332 1,021,903 Apr

1,245 29,561 5,455 2,011 18,483 4,290 1,705 46 0 0 6,677 69,474 1,016,377 May

1,190 28,622 5,753 2,088 17,967 4,563 1,875 46 0 0 10,452 72,555 1,055,090 Jun

1,222 27,047 5,750 2,818 18,255 4,469 1,929 43 0 0 8,942 70,476 1,050,712 Jul

1,216 27,282 5,711 3,279 17,965 4,395 1,965 42 0 0 8,881 70,735 1,057,214 Aug

1,203 26,562 5,759 3,376 18,219 4,343 1,909 42 0 0 9,588 71,000 1,060,674 Sep

1,262 26,665 5,683 3,296 17,384 4,519 1,762 43 0 0 9,517 70,130 1,048,930 Oct

1,270 27,343 5,925 3,404 18,256 4,657 1,701 43 0 0 11,202 73,799 1,079,767 Nov

1,736 27,483 6,000 3,368 21,092 5,136 1,935 42 0 0 9,646 76,437 1,113,838 Dec

2012

1,789 27,837 6,058 3,384 19,148 15,075 1,790 38 0 0 12,491 87,608 1,152,443 Jan

1,951 28,603 6,266 3,496 20,262 15,649 1,875 38 0 0 13,133 91,273 1,181,517 Feb

2,012 28,602 6,325 3,464 18,925 15,511 1,966 38 0 0 14,326 91,168 1,191,728 Mar

Foreign exchange claims

Total

enterprises

(12 + 24)

March 2012

52

Tabela 6e

Bank Claims on the Corporate Sector by Purpose(In million dinars, end of period)

Transaction accounts

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

2010

Mar 25,177 256,996 12,079 183,815 243,968 722,035 24,743 17,733 18,660 2,663 785,832

Apr 24,347 271,981 13,189 193,264 228,513 731,294 25,449 18,473 19,654 2,663 797,533

May 25,644 296,487 14,343 207,235 217,436 761,145 26,366 20,426 20,779 2,663 831,378

Jun 25,716 304,096 16,388 220,026 223,629 789,855 25,981 18,567 21,365 2,714 858,482

Jul 22,890 315,389 16,995 229,854 226,190 811,317 25,831 18,694 22,053 2,714 880,609

Aug 24,650 314,793 16,416 226,619 224,603 807,081 26,284 18,274 23,015 2,680 877,333

Sep 26,264 316,556 17,197 235,598 224,041 819,656 26,819 18,607 23,680 2,685 891,447

ct 25,193 323,237 17,160 241,939 232,637 840,166 28,869 19,184 25,013 2,030 915,263

Nov 23,659 338,087 17,204 244,313 236,744 860,007 29,430 17,292 25,478 1,814 934,021

Dec 24,052 347,256 17,416 254,988 236,492 880,204 29,651 17,120 23,281 1,564 951,820

2011

Jan 28,196 346,725 16,223 247,463 235,927 874,533 29,976 16,017 24,871 1,565 946,962

Feb 25,821 346,761 16,492 242,724 235,223 867,020 29,675 16,791 26,214 1,565 941,265

Mar 30,102 352,881 18,079 248,637 234,983 884,681 31,651 15,836 27,046 1,568 960,782

Apr 31,025 346,677 22,282 241,193 230,146 871,323 32,989 15,705 27,985 1,567 949,570

May 31,056 344,766 30,609 237,033 224,623 868,085 33,124 15,620 28,517 1,556 946,904

Jun 31,731 350,532 29,728 255,649 234,935 902,575 34,830 14,967 28,610 1,554 982,536

Jul 31,965 348,408 29,420 259,235 230,329 899,356 34,928 14,866 29,530 1,557 980,237

Aug 28,864 341,655 28,397 266,643 239,758 905,316 35,954 14,150 29,497 1,560 986,478

Sep 30,187 345,839 27,368 266,606 237,342 907,342 36,604 14,467 30,001 1,260 989,673

ct 31,321 346,306 25,537 262,825 230,573 896,562 36,385 14,449 30,145 1,259 978,800

Nov 33,471 355,807 25,110 274,150 232,604 921,141 37,136 15,137 31,165 1,390 1,005,969

Dec 32,892 362,449 23,522 288,065 240,939 947,867 37,861 19,834 30,458 1,383 1,037,401

2012

Jan 32,989 377,585 21,737 307,557 233,934 973,801 38,331 19,585 31,734 1,383 1,064,835

Feb 35,288 383,656 19,065 318,101 239,314 995,424 39,473 21,273 32,691 1,383 1,090,244

Mar 36,311 383,473 15,974 325,210 245,451 1,006,419 39,749 19,668 33,345 1,380 1,100,561


Loans Other claimsTotal

(6 t 10)


53

Imports Other Total(12 + 13)



Shares Total(14 to 18)

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

2010

20,080 43,239 63,319 6,733 0 2,251 0 72,303 858,135 Mar

19,806 43,474 63,280 6,666 0 2,268 0 72,214 869,747 Apr

20,624 45,452 66,076 7,069 0 2,390 0 75,535 906,913 May

20,800 46,957 67,757 7,254 0 2,463 0 77,474 935,956 Jun

22,309 47,081 69,390 6,488 0 2,482 0 78,360 958,969 Jul

22,603 46,991 69,594 6,376 0 2,482 0 78,452 955,785 Aug

24,017 46,143 70,160 6,646 0 2,764 0 79,570 971,016 Sep

24,381 47,085 71,465 6,868 0 2,807 0 81,140 996,402 ct

24,822 47,113 71,935 6,888 0 2,855 0 81,679 1,015,700 Nov

24,319 42,811 67,130 6,819 0 2,326 0 76,276 1,028,095 Dec

2011

23,462 41,788 65,250 7,003 0 2,349 0 74,602 1,021,564 Jan

24,414 40,935 65,349 7,740 0 2,347 0 75,436 1,016,701 Feb

23,934 41,219 65,152 8,291 0 2,409 0 75,852 1,036,634 Mar

22,613 39,500 62,112 7,886 0 2,334 0 72,333 1,021,903 Apr

21,991 38,218 60,209 7,011 0 2,254 0 69,474 1,016,377 May

22,783 39,422 62,205 7,931 0 2,418 0 72,554 1,055,090 Jun

23,560 35,556 59,116 8,897 0 2,463 0 70,476 1,050,712 Jul

23,654 35,192 58,845 9,469 0 2,421 0 70,735 1,057,214 Aug

23,551 35,180 58,731 9,815 0 2,454 0 71,000 1,060,673 Sep

22,762 34,911 57,673 10,017 0 2,440 0 70,130 1,048,930 ct

24,003 36,360 60,363 10,807 0 2,629 0 73,799 1,079,768 Nov

24,115 35,775 59,890 13,926 0 2,622 0 76,437 1,113,839 Dec

2012

26,762 44,347 71,109 13,806 0 2,693 0 87,608 1,152,443 Jan

27,805 46,166 73,971 14,489 0 2,812 0 91,273 1,181,516 Feb

26,729 46,377 73,106 15,199 0 2,862 0 91,167 1,191,728 Mar

FX claims

Total(11 + 19)

Loans Other claims

March 2012

54

Tabela 6f

Bank Claims on Households by Purpose(In million dinars, end of period)

Transaction accounts

Housing Consumer Current assets

Investment Exports Other Total(1 to7)



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

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

2010

Mar 18,905 209,127 41,744 18,785 28,228 2 150,613 467,403 14,759 24 3,957 486,143

Apr 18,666 210,055 41,746 19,531 28,363 3 152,488 470,851 15,060 31 3,921 489,863

May 19,535 220,061 42,952 20,683 31,181 4 157,581 491,999 15,004 26 4,225 511,253

Jun 19,394 233,631 44,332 21,271 31,721 5 164,658 515,012 15,004 19 4,421 534,455

Jul 19,571 237,663 44,685 21,659 32,100 6 170,533 526,217 15,020 39 4,434 545,710

Aug 20,411 242,428 44,271 21,844 32,402 5 172,059 533,419 15,035 39 4,560 553,052

Sep 20,410 244,059 44,301 21,788 32,636 4 175,519 538,717 14,995 43 4,529 558,284

ct 20,652 245,736 44,610 22,020 32,750 4 179,326 545,099 14,973 41 4,746 564,858

Nov 21,304 251,989 44,350 22,229 32,494 5 179,577 551,948 14,783 33 4,746 571,509

Dec 19,945 256,190 43,762 22,180 31,977 1 178,425 552,480 13,627 31 4,284 570,422

2011

Jan 21,157 252,324 42,664 21,632 31,371 1 176,721 545,870 13,745 27 4,543 564,185

Feb 20,502 250,591 41,963 21,362 30,747 1 176,028 541,193 13,591 25 4,662 559,471

Mar 21,540 251,015 41,856 21,792 31,338 1 177,885 545,428 13,570 22 4,649 563,670

Apr 20,624 242,884 41,374 21,323 30,114 0 177,043 533,362 13,531 19 4,727 551,638

May 22,992 243,523 40,540 20,947 29,537 3 177,653 535,195 13,530 24 4,725 553,473

Jun 22,656 261,601 42,303 21,240 31,409 10 184,669 563,887 13,637 16 4,931 582,472

Jul 22,528 268,601 41,877 20,817 31,367 10 186,324 571,524 13,622 25 5,143 590,313

Aug 23,491 266,277 41,450 20,730 31,247 10 186,974 570,177 13,669 25 5,052 588,923

Sep 23,465 263,447 40,747 20,918 30,879 7 187,967 567,429 13,594 25 5,129 586,178

ct 24,520 262,983 40,071 21,067 30,569 7 189,166 568,383 13,601 22 5,242 587,248

Nov 24,330 272,889 40,320 21,513 31,835 8 192,820 583,714 11,890 17 5,321 600,943

Dec 22,232 275,945 39,831 22,033 31,629 17 192,216 583,904 11,820 27 5,094 600,845

2012

Jan 23,886 281,158 39,269 22,113 32,383 17 191,173 589,998 11,769 30 5,334 607,130

Feb 23,397 292,361 39,378 22,572 33,133 16 192,412 603,269 11,696 31 5,576 620,570

Mar 24,343 295,508 39,053 22,934 33,219 16 195,130 610,203 11,666 43 5,642 627,554

NOTE:

Revolving loans, cash loans and pazment cards are shown under other credit and other placements.


Loans Other claims

Total(8 to 11)


55

ImportsPurchase of real

estate in the country

Of which: housing

Other Total(13 to 15)



Total(16 to 19)

13 14 14 15 16 17 18 19 20 21

69 35 374 478 120 18 616 428,179 2008

83 36 491 611 78 21 710 462,345 2009

39 37 579 654 108 21 783 571,204 2010

32 34 609 675 201 21 898 601,743 2011

2010

81 37 536 654 90 22 766 486,909 Mar

74 37 557 668 90 22 781 490,644 Apr

58 38 566 662 96 24 782 512,035 May

56 38 580 675 107 24 806 535,261 Jun

58 39 624 721 99 25 845 546,555 Jul

45 38 678 760 98 26 885 553,936 Aug

42 38 666 746 99 24 869 559,153 Sep

42 39 654 734 98 25 857 565,715 ct

41 38 632 711 98 24 832 572,341 Nov

39 37 579 654 108 21 783 571,204 Dec

2011

42 37 612 690 107 21 818 565,003 Jan

41 36 571 648 104 20 772 560,242 Feb

75 36 581 692 106 21 819 564,488 Mar

68 34 554 656 102 20 778 552,416 Apr

64 33 569 666 97 20 783 554,256 May

49 35 9 590 674 104 21 799 583,271 Jun

72 35 9 615 722 120 22 863 591,177 Jul

69 34 9 666 769 121 23 913 589,835 Aug

56 34 9 646 736 121 23 879 587,057 Sep

41 33 9 624 699 117 23 838 588,086 ct

33 34 9 633 699 132 23 855 601,797 Nov

32 34 9 609 675 201 21 898 601,743 Dec

2012

30 34 9 689 753 201 23 977 608,107 Jan

31 35 9 667 733 210 23 966 621,537 Feb

37 35 9 675 747 212 25 984 628,538 Mar

FX claims

Total(12 + 20)

Loans Other claims

March 2012

56Statistical Bulletin

Table 7

Money Supply M1 by Sector(In million dinars, end of period)

Other financial

organizationsLocal 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

2010 2010

Mar 5,318 7,226 9,618 65,827 130,651 6,307 224,947 Mar

Apr 3,827 6,153 10,694 67,221 135,643 5,908 229,446 Apr

May 4,746 6,288 14,727 70,310 130,600 6,137 232,808 May

Jun 4,879 6,950 10,491 71,702 134,139 5,842 234,003 Jun

Jul 4,723 6,535 8,603 73,320 141,673 5,789 240,643 Jul

Aug 6,838 6,644 8,385 77,154 134,117 5,171 238,309 Aug

Sep 7,111 6,220 10,824 75,667 137,530 5,518 242,870 Sep

Oct 7,624 6,099 9,982 77,306 142,225 5,708 248,944 Oct

Nov 8,777 6,575 10,084 75,401 129,988 5,637 236,461 Nov

Dec 9,334 9,129 10,183 79,869 139,190 5,581 253,286 Dec

2011 2011

Jan 8,645 7,736 12,424 68,627 120,860 5,638 223,930 Jan

Feb 6,694 8,651 12,803 68,769 125,794 6,100 228,810 Feb

Mar 9,125 8,281 10,699 70,144 125,887 5,903 230,039 Mar

Apr 7,757 6,699 11,625 67,267 133,670 6,006 233,023 Apr

May 9,451 6,191 13,931 75,959 121,886 6,008 233,426 May

Jun 7,278 6,140 11,623 75,971 130,134 5,735 236,881 Jun

Jul 7,097 6,029 11,765 78,292 144,513 5,884 253,579 Jul

Aug 8,152 6,260 16,586 79,977 139,178 5,901 256,054 Aug

Sep 7,591 6,453 12,691 77,453 146,330 5,900 256,417 Sep

Oct 8,785 7,119 9,364 86,438 137,536 6,290 255,533 Oct

Nov 6,312 8,638 13,391 84,861 144,302 6,288 263,790 Nov

Dec 7,237 8,404 8,547 89,145 174,399 5,963 293,694 Dec

2012 2012

Jan 7,191 8,846 9,410 78,616 164,709 6,426 275,197 Jan

Feb 8,694 11,588 8,250 81,366 169,598 6,839 286,334 Feb

Mar 4,316 11,928 6,497 74,694 162,364 6,597 266,394 Mar

NOTE:



Money supply M1

57

Other financial

organizationsLocal government

Public

enterprisesCompanies Households


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

2010 2010

Mar 41,719 25,504 27,363 157,203 143,042 8,891 403,722 Mar

Apr 42,554 22,604 29,605 159,222 148,291 8,495 410,771 Apr

May 43,214 23,789 33,526 166,756 143,251 8,831 419,367 May

Jun 41,190 24,231 27,201 170,151 146,579 8,596 417,948 Jun

Jul 41,429 23,811 25,791 177,657 153,763 8,396 430,847 Jul

Aug 32,305 23,812 24,621 162,923 145,854 7,196 396,711 Aug

Sep 33,305 23,150 27,258 162,121 149,007 8,154 402,995 Sep

Oct 35,090 22,312 26,879 166,277 153,188 8,414 412,160 Oct

Nov 38,183 22,569 27,739 165,957 143,536 8,383 406,367 Nov

Dec 27,981 18,654 27,395 175,575 152,549 8,341 410,495 Dec

2011 2011

Jan 27,610 19,899 28,636 156,312 134,140 8,487 375,083 Jan

Feb 25,077 21,920 30,355 153,273 139,121 8,808 378,554 Feb

Mar 27,268 22,348 29,049 155,724 139,597 8,729 382,714 Mar

Apr 27,186 21,682 29,750 151,941 147,622 8,824 387,007 Apr

May 30,090 22,553 31,498 161,983 135,503 8,748 390,374 May

Jun 28,554 21,505 30,165 169,456 143,715 8,575 401,970 Jun

Jul 29,820 20,814 29,532 162,607 158,959 8,768 410,500 Jul

Aug 33,744 20,592 42,002 170,150 154,153 8,723 429,364 Aug

Sep 32,244 20,804 38,703 171,533 161,835 8,722 433,841 Sep

Oct 36,530 23,453 34,475 181,317 152,986 9,254 438,015 Oct

Nov 32,887 25,052 39,100 184,057 161,657 9,425 452,178 Nov

Dec 34,435 19,240 32,399 199,101 193,753 8,986 487,914 Dec

2012 2012

Jan 34,331 22,883 25,224 185,330 186,488 9,433 463,687 Jan

Feb 36,999 26,485 23,286 183,880 190,674 9,815 471,140 Feb

Mar 30,744 27,246 21,176 172,821 183,053 9,973 445,013 Mar

NOTE:



Money supply M2

March 2012

Table 8


58

Other financial

organizationsLocal government Public enterprises Companies Households


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

2010 2010

Mar 101,024 25,668 52,957 277,712 748,813 11,585 1,217,759 Mar

Apr 100,323 22,766 55,706 278,236 757,304 12,126 1,226,461 Apr

May 110,137 23,923 61,326 294,262 776,360 12,754 1,278,762 May

Jun 107,795 24,374 55,264 297,658 798,819 12,273 1,296,183 Jun

Jul 106,186 24,005 53,692 309,652 826,554 11,316 1,331,405 Jul

Aug 90,137 24,049 52,992 293,406 819,271 9,003 1,288,858 Aug

Sep 90,337 23,405 54,568 295,538 831,971 10,184 1,306,003 Sep

Oct 91,674 22,889 54,929 303,767 846,287 10,619 1,330,165 Oct

Nov 97,605 23,136 56,067 297,298 877,077 10,667 1,361,850 Nov

Dec 82,894 19,194 49,393 314,042 884,616 10,639 1,360,777 Dec

2011 2011

Jan 80,559 20,499 50,183 295,300 866,763 10,689 1,323,993 Jan

Feb 66,636 22,525 52,299 289,955 866,351 11,022 1,308,787 Feb

Mar 68,417 23,084 50,921 291,748 870,488 10,982 1,315,641 Mar

Apr 66,576 22,863 50,866 281,048 854,922 10,940 1,287,216 Apr

May 80,012 23,647 52,263 287,843 832,648 10,840 1,287,252 May

Jun 69,221 22,685 53,258 302,486 886,312 10,812 1,344,773 Jun

Jul 68,905 21,892 52,589 332,070 904,880 11,367 1,391,702 Jul

Aug 70,881 21,613 66,158 336,930 898,904 11,344 1,405,830 Aug

Sep 76,163 21,718 62,186 334,913 905,935 11,265 1,412,180 Sep

Oct 76,678 24,283 57,384 351,668 889,942 12,093 1,412,047 Oct

Nov 71,797 25,798 62,593 350,441 934,708 12,242 1,457,579 Nov

Dec 73,650 19,895 55,502 370,190 969,390 11,816 1,500,444 Dec

2012 2012

Jan 74,588 23,611 48,757 349,431 974,563 12,052 1,483,002 Jan

Feb 76,601 27,215 47,751 347,468 1,011,457 12,328 1,522,822 Feb

Mar 69,299 27,952 46,205 326,556 1,017,305 12,415 1,499,732 Mar

NOTE:

The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force as of 1 July 2008.


Money supply M3


Table 9


59

Short-term Long-termTotal

(1 + 2)Short-term Long-term

Total

(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

2010 2010

Mar 11,582 809 12,391 536,074 69,698 605,771 618,162 Mar

Apr 11,827 821 12,648 539,570 69,443 609,013 621,662 Apr

May 11,822 829 12,652 560,797 72,312 633,109 645,760 May

Jun 11,599 842 12,441 577,820 74,419 652,239 664,680 Jun

Jul 11,243 848 12,090 597,098 75,693 672,791 684,882 Jul

Aug 10,899 838 11,737 597,888 75,530 673,418 685,155 Aug

Sep 10,634 842 11,477 606,683 76,281 682,964 694,441 Sep

Oct 10,135 828 10,963 616,750 76,349 693,099 704,062 Oct

Nov 9,811 3,738 13,549 614,071 119,470 733,541 747,089 Nov

Dec 9,658 3,702 13,360 614,314 117,755 732,066 745,428 Dec

2011 2011

Jan 9,576 3,705 13,281 615,824 116,800 732,624 745,905 Jan

Feb 9,617 3,710 13,327 612,242 114,988 727,230 740,556 Feb

Mar 9,955 3,756 13,710 614,250 116,643 730,892 744,603 Mar

Apr 10,300 3,652 13,952 594,384 112,916 707,300 721,252 Apr

May 10,051 3,566 13,617 583,469 113,675 697,144 710,762 May

Jun 9,994 3,588 13,581 619,752 122,844 742,597 756,178 Jun

Jul 10,831 3,614 14,445 622,376 123,545 745,922 760,367 Jul

Aug 11,386 3,590 14,975 620,032 124,719 744,751 759,726 Aug

Sep 11,882 3,623 15,505 618,551 125,550 744,100 759,605 Sep

Oct 12,333 3,117 15,450 608,473 128,483 736,956 752,406 Oct

Nov 14,433 2,922 17,355 571,394 201,658 773,052 790,406 Nov

Dec 16,351 3,004 19,355 570,836 204,802 775,637 794,992 Dec

2012 2012

Jan 18,682 3,097 21,779 578,142 209,933 788,075 809,855 Jan

Feb 18,763 2,313 21,076 606,358 214,425 820,783 841,859 Feb

Mar 18,452 2,237 20,689 619,698 214,555 834,253 854,942 Mar

NOTE:

The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force as of 1 July

2008.

Dinar savings Foreign currency savingsTotal savings

(3 + 6)

March 2012

Table 10

Household Savings with Banks (In million dinars, end of period)

60

Table 10a

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 11

2008 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

2010

Mar 3,227 915 2,500 1,741 3,198 11,582 388 327 94 809 12,391

Apr 3,329 1,355 1,872 2,027 3,244 11,827 405 325 91 821 12,648

May 3,350 1,034 2,128 2,297 3,014 11,822 414 327 88 829 12,652

Jun 3,437 1,506 1,572 2,228 2,856 11,599 415 342 85 842 12,441

Jul 3,370 1,019 2,056 2,060 2,738 11,243 423 342 83 848 12,090

Aug 3,289 1,125 1,787 2,030 2,667 10,899 332 335 171 838 11,737

Sep 3,245 1,422 1,495 1,884 2,588 10,634 335 332 175 842 11,477

Oct 3,489 908 1,650 1,616 2,472 10,135 329 328 170 828 10,963

Nov 3,080 941 1,352 1,680 2,758 9,811 3,262 310 167 3,738 13,549

Dec 3,120 690 1,633 1,501 2,713 9,658 3,232 307 163 3,702 13,360

2011

Jan 3,022 744 1,701 1,405 2,702 9,576 3,238 305 161 3,705 13,281

Feb 3,074 990 1,675 1,213 2,663 9,617 3,256 294 160 3,710 13,327

Mar 3,160 794 1,955 1,350 2,696 9,955 3,300 297 158 3,756 13,710

Apr 3,285 1,134 1,543 1,531 2,807 10,300 3,196 300 156 3,652 13,952

May 3,760 529 1,663 1,584 2,517 10,051 3,119 300 147 3,566 13,617

Jun 3,535 907 1,409 1,664 2,480 9,994 3,142 301 145 3,588 13,581

Jul 4,075 608 1,892 1,786 2,471 10,831 3,175 297 142 3,614 14,445

Aug 4,153 798 2,003 1,935 2,497 11,386 3,215 317 58 3,590 14,975

Sep 4,513 1,212 1,739 1,911 2,507 11,882 3,237 330 55 3,623 15,505

Oct 4,441 859 1,961 1,939 3,134 12,333 2,677 386 54 3,117 15,450

Nov 4,415 1,253 1,944 2,821 4,000 14,433 2,407 457 57 2,922 17,355

Dec 4,710 1,311 2,729 3,270 4,330 16,351 2,458 493 53 3,004 19,355

2012

Jan 5,514 1,778 3,125 3,654 4,611 18,682 2,538 508 52 3,097 21,779

Feb 4,853 2,641 3,158 3,150 4,961 18,763 1,739 521 53 2,313 21,076

Mar 4,497 1,523 3,822 3,184 5,426 18,452 1,660 525 52 2,237 20,689

Short-term

Dinar savings

Total

(6 + 10)

Long-term

NOTE:

The new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force as of 1 July 2008.


61

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 23

107,917 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

2010

129,350 4,627 50,935 70,518 280,643 536,074 31,727 21,977 15,993 69,698 605,771 618,162 Mar

131,458 8,242 40,125 78,398 281,346 539,570 32,157 21,771 15,515 69,443 609,013 621,662 Apr

147,426 5,050 39,053 89,707 279,561 560,797 34,072 22,618 15,622 72,312 633,109 645,760 May

152,240 9,740 37,643 94,025 284,173 577,820 35,598 23,244 15,578 74,419 652,239 664,680 Jun

156,534 5,330 48,046 98,245 288,943 597,098 36,940 23,456 15,297 75,693 672,791 684,882 Jul

158,631 7,149 54,746 93,728 283,633 597,888 37,308 23,478 14,743 75,530 673,418 685,155 Aug

165,270 20,217 50,094 86,600 284,502 606,683 37,955 23,870 14,456 76,281 682,964 694,441 Sep

213,342 11,487 43,979 73,927 274,014 616,750 38,185 23,928 14,236 76,349 693,099 704,062 Oct

147,068 7,773 33,455 76,208 349,566 614,071 79,973 25,479 14,018 119,470 733,541 747,089 Nov

146,852 4,195 43,320 72,910 347,037 614,314 79,075 25,353 13,326 117,755 732,066 745,428 Dec

2011

145,525 4,555 46,119 70,388 349,239 615,824 78,503 25,356 12,941 116,800 732,624 745,905 Jan

146,885 8,218 46,291 63,451 347,397 612,242 77,350 25,073 12,564 114,988 727,230 740,556 Feb

147,431 4,361 44,236 69,436 348,785 614,250 79,321 25,211 12,111 116,643 730,892 744,603 Mar

143,223 7,353 34,153 73,577 336,079 594,384 77,537 23,993 11,386 112,916 707,300 721,252 Apr

151,900 4,242 32,365 82,454 312,509 583,469 79,140 23,691 10,844 113,675 697,144 710,762 May

162,364 8,075 33,383 96,470 319,460 619,752 86,783 24,653 11,409 122,844 742,597 756,178 Jun

160,087 4,481 40,358 97,809 319,642 622,376 87,926 24,558 11,062 123,545 745,922 760,367 Jul

161,351 5,402 46,742 93,750 312,787 620,032 89,495 24,800 10,424 124,719 744,751 759,726 Aug

166,572 15,585 43,840 86,520 306,034 618,551 90,865 24,673 10,012 125,550 744,100 759,605 Sep

185,832 8,116 36,598 75,445 302,483 608,473 94,161 24,719 9,603 128,483 736,956 752,406 Oct

156,215 7,597 31,147 81,638 294,796 571,394 143,278 48,658 9,722 201,658 773,052 790,406 Nov

152,476 4,480 34,591 83,744 295,545 570,836 145,329 50,150 9,323 204,802 775,637 794,992 Dec

2012

156,881 4,790 33,280 83,282 299,909 578,142 148,341 52,299 9,293 209,933 788,075 809,855 Jan

168,854 9,212 38,857 81,013 308,423 606,358 137,583 67,459 9,383 214,425 820,783 841,859 Feb

169,218 4,451 44,736 83,438 317,855 619,698 136,471 69,081 9,002 214,555 834,253 854,942 Mar

Total

savings

(11 + 22)

Long-term

Foreign currency savings

Total

(17 + 21)

Short-term

March 2012

62

Table 11

NBS Interest Rates(Per annum rates, in percentages)

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 - - - 26.342001 16.43 - 16.92 - - - 58.692002 9.50 - 15.20 - - - 19.002003 9.00 - 14.40 - - - 36.002004 8.50 - - - - - 34.002005 8.50 - - 22.20 25.20 28.20 34.002006 8.50 14.00 - 17.00 19.00 21.00 30.002007 8.50 10.00 - 12.50 15.00 17.00 26.002008 8.50 17.75 - - - - 26.63 12.412009 8.075 9.50 - - - - 14.25 10.672010 11.50 11.50 - - - - 17.25 11.02 11.022011 9.75 9.75 - - - - 14.63 11.18 11.18

2010Mar 8.10 9.00 - - - - 13.50 10.64Apr 7.65 8.50 - - - - 12.75 10.69 10.69May 8.00 8.00 - - - - 12.00 10.73 10.73Jun 8.00 8.00 - - - - 12.00 10.88 10.88Jul 8.00 8.00 - - - - 12.00 10.89 10.89Aug 8.50 8.50 - - - - 12.75 10.88 10.88Sep 9.00 9.00 - - - - 13.50 11.02 11.02Oct 9.50 9.50 - - - - 14.25 11.04 11.04Nov 10.50 10.50 - - - - 15.75 11.02 11.02Dec 11.50 11.50 - - - - 17.25 11.02 11.02

2011Jan 12.00 12.00 - - - - 18.00 11.08 11.08Feb 12.00 12.00 - - - - 18.00 11.18 11.18Mar 12.25 12.25 - - - - 18.38 11.34 11.34Apr 12.50 12.50 - - - - 18.75 11.44 11.44May 12.50 12.50 - - - - 18.75 11.52 11.52Jun 12.00 12.00 - - - - 18.00 11.61 11.61Jul 11.75 11.75 - - - - 17.63 11.53 11.53Aug 11.75 11.75 - - - - 17.63 11.54 11.54Sep 11.25 11.25 - - - - 16.88 11.58 11.58Oct 10.75 10.75 - - - - 16.13 11.47 11.47Nov 10.00 10.00 - - - - 15.00 11.42 11.42Dec 9.75 9.75 - - - - 14.63 11.18 11.18

2012Jan 9.50 9.50 - - - - 14.25 11.02 11.02Feb 9.50 9.50 - - - - 14.25 10.83 10.83Mar 9.50 9.50 - - - - 14.25 10.74 10.74

8) Until April 2002, deposit interest rate was calculated by applying the prescribed interest rates on allocated required reserve funds.NOTE: In the months that witnessed changes in interest rates, the interest rates applicable at the end of those particular months were used.

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. 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). 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, 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.7) On 10 June 2009, the Decision on Adjusting Gross Household Lending to Share Capital of Banks was put out of force.

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. 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.

Lending interest rates

Discount rate

On Lombard loans2)

On Lombard loans3)

On non-allocated

dinar required

reserves4)

On non-allocated foreign

currency required

reserves4)

Key policy rate1)

On non-allocated leasing required

reserves4a)


63

8 8a 8b 9 10 11 12 13 14

53.98 - - 53.98 - 16.87 - 1997

53.98 - - 53.98 - 16.87 - 1998

56.90 - - 42.02 - 13.13 - 1999

26.34 - - 42.14 - 13.17 - 2000

58.69 - - 26.29 - 6.05 - 2001

19.00 15.20 - 19.00 - 3.32 3.80 2002

36.00 14.40 - 18.00 - 3.15 3.15 2003

34.00 21.25 - 25.50 - 2.97 2.97 2004

34.00 - 17.00 25.50 - 2.98 6.00 2005

30.00 - - 26.00 - 2.50 11.00 2006

26.00 - - 22.00 26.00 2.50 7.50 2007

26.63 12.41 20.25 26.63 29.75 33.75 2.50 15.25 2008

14.25 10.67 12.00 14.25 21.50 - 2.50 7.00 2009

17.25 11.02 11.02 14.00 17.25 23.50 - 2.50 9.00 2010

14.63 11.18 11.18 12.25 14.63 21.75 - 2.50 7.25 2011

2010

13.50 10.64 11.50 13.50 21.00 - 2.50 6.50 Mar

12.75 10.69 10.69 11.00 12.75 20.50 - 2.50 6.00 Apr

12.00 10.73 10.73 10.50 12.00 20.00 - 2.50 5.50 May

12.00 10.88 10.88 10.50 12.00 20.00 - 2.50 5.50 Jun

12.00 10.89 10.89 10.50 12.00 20.00 - 2.50 5.50 Jul

12.75 10.88 10.88 11.00 12.75 20.50 - 2.50 6.00 Aug

13.50 11.02 11.02 11.50 13.50 21.00 - 2.50 6.50 Sep

14.25 11.04 11.04 12.00 14.25 21.50 - 2.50 7.00 Oct

15.75 11.02 11.02 13.00 15.75 22.50 - 2.50 8.00 Nov

17.25 11.02 11.02 14.00 17.25 23.50 - 2.50 9.00 Dec

2011

18.00 11.08 11.08 14.50 18.00 24.00 - 2.50 9.50 Jan

18.00 11.18 11.18 14.50 18.00 24.00 - 2.50 9.50 Feb

18.38 11.34 11.34 14.75 18.38 24.25 - 2.50 9.75 Mar

18.75 11.44 11.44 15.00 18.75 24.50 - 2.50 10.00 Apr

18.75 11.52 11.52 15.00 18.75 24.50 - 2.50 10.00 May

18.00 11.61 11.61 14.50 18.00 24.00 - 2.50 9.50 Jun

17.63 11.53 11.53 14.25 17.63 23.75 - 2.50 9.25 Jul

17.63 11.54 11.54 14.25 17.63 23.75 - 2.50 9.25 Aug

16.88 11.58 11.58 13.75 16.88 23.25 - 2.50 8.75 Sep

16.13 11.47 11.47 13.25 16.13 22.75 - 2.50 8.25 Oct

15.00 11.42 11.42 12.50 15.00 22.00 - 2.50 7.50 Nov

14.63 11.18 11.18 12.25 14.63 21.75 - 2.50 7.25 Dec

2012

14.25 11.02 11.02 12.00 14.25 21.50 - 2.50 7.00 Jan

14.25 10.83 10.83 12.00 14.25 21.50 - 2.50 7.00 Feb

14.25 10.74 10.74 12.00 14.25 21.50 - 2.50 7.00 Mar

Lending 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 NBS7)

On the

amount

of daily

liquidity

loans5)

Default

interest

Deposit interest rates

On

incorrectly

calculated

foreign

currency

required

reserves4)

On the

amount of

excess

liquidity of

banks

with

the NBS

On the

amount of

average daily

balance of

allocated dinar

required

reserves8)

On

incorrectly

calculated

dinar

required

reserves4)

On the

amount of

short-term

liquidity

loans6)

On

incorrectly

calculated

leasing

required

reserves4a)

March 2012


Table 12/1

Weighted Interest Rates on Loans by Type, Maturity and Purpose – Outstanding Amounts(Per annum rates, in percentages; end-of-period)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

2010

Sep 19.49 25.80 38.43 29.51 10.62 5.35 5.37 38.80 23.24 19.75 22.70 12.18 12.18 10.75 11.05 24.70 16.71 11.63 13.34

Oct 19.51 26.23 37.88 29.69 10.90 5.39 5.41 31.32 22.69 19.73 22.41 12.32 12.28 10.82 11.12 25.07 16.68 11.71 13.39

Nov 19.63 26.41 38.00 29.93 11.08 5.38 5.40 30.63 22.38 19.64 22.12 13.33 11.90 10.67 10.93 25.23 16.43 11.59 13.24

Dec 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

Jan 19.70 24.19 36.23 27.85 11.19 5.39 5.41 32.64 22.53 19.84 22.06 12.21 11.72 10.68 10.86 24.87 16.82 11.76 13.25

Feb 19.67 25.03 37.58 28.86 11.44 5.39 5.41 34.89 21.45 19.99 22.00 12.72 11.58 10.66 10.82 28.63 16.23 11.81 13.28

Mar 19.31 24.08 36.71 28.12 11.81 5.41 5.43 33.04 21.57 20.10 21.77 12.39 11.10 10.59 10.68 27.08 16.26 11.80 13.19

Apr 19.50 24.32 36.94 28.22 11.91 5.44 5.47 29.18 21.87 20.15 21.57 12.24 10.86 10.61 10.66 23.94 16.65 11.87 13.22

May 19.30 23.61 36.57 28.05 12.33 5.39 5.41 27.87 22.08 20.16 21.62 12.46 10.73 10.58 10.62 23.31 16.83 11.90 13.29

June 19.11 23.67 35.63 27.66 11.95 5.42 5.44 26.52 21.71 20.17 21.36 13.37 10.64 10.55 10.59 23.09 16.49 11.81 13.11

July 19.11 23.68 34.55 27.31 11.90 5.45 5.47 25.64 21.43 20.20 21.16 12.76 10.52 10.54 10.55 22.21 16.41 11.84 13.11

Aug 19.06 23.51 34.75 27.35 12.30 5.47 5.49 24.79 21.25 20.23 21.03 12.88 10.41 10.52 10.52 21.84 16.43 11.87 13.15

Sep 18.99 23.59 34.91 27.46 12.35 5.47 5.50 24.68 21.13 20.26 20.96 13.04 10.30 10.50 10.49 22.01 16.35 11.92 16.16

Oct 18.77 23.39 34.99 27.50 12.35 5.35 5.38 24.36 21.06 20.27 20.91 13.06 10.16 10.46 10.44 21.81 16.30 11.95 13.18

Nov 18.68 23.72 34.98 27.77 11.80 5.27 5.29 24.30 21.01 20.27 20.88 13.26 10.02 10.43 10.39 21.85 16.14 11.92 13.11

Dec 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

Jan 18.52 22.39 32.29 25.86 11.47 5.00 5.02 23.66 20.35 20.21 20.49 11.73 9.73 10.28 10.21 20.73 15.59 11.80 12.86

Feb 18.41 22.35 32.78 25.98 11.74 4.98 5.00 23.68 20.31 20.20 20.47 11.88 9.62 10.25 10.17 20.58 15.44 11.73 12.76

Mar 18.24 22.27 32.27 25.84 11.62 4.94 4.96 23.04 20.33 20.13 20.42 13.22 9.46 10.20 10.12 20.83 15.32 11.71 12.72

Total

Loans to households and NPISH1)

NOTE:

Interest rates on outstanding amounts and new business for revolving loans, credit card debt and overdrafts coincide.

Revolving

loans

Credit

card

debt

Current

account

overdraftOver 5

years

Housing loans Consumer loans

Over 1

and up

to 5

years

Total

Total Up to

1 year

Over 1

and up

to 5

years

Over 5

yearsTotal

Up to

1 year

Over 1

and up

to 5

years

Over 5

years

RSD

Indexe

d

to FX

and FX

loans

Total

RSD Indexed to FX and FX loans

Data for the last month are preliminary.

Total

1) NPISH – Non-profit institutions serving

h h ld

Up to

1 year

65March 2012

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

2010

14.46 18.07 21.03 18.22 12.41 15.63 13.95 14.28 13.85 17.14 15.27 15.85 18.56 8.48 10.29 12.33 Sep

14.32 17.98 21.20 18.23 12.64 15.57 13.89 14.26 13.90 17.12 15.40 15.95 18.53 8.45 10.40 12.42 Oct

14.69 17.92 21.47 18.37 14.50 15.47 13.84 14.26 14.65 17.08 15.55 16.08 18.63 8.34 10.38 12.41 Nov

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 Dec

2011

15.69 19.28 21.52 19.52 12.84 15.30 13.67 14.02 14.91 18.05 15.71 16.59 19.66 8.13 10.49 12.38 Jan

15.31 19.30 21.98 19.61 14.10 15.18 13.72 14.08 15.02 18.06 16.01 16.76 19.73 8.09 10.57 12.51 Feb

16.65 19.40 22.04 19.91 13.87 14.88 13.69 13.99 15.97 18.03 16.17 16.92 20.00 8.06 10.67 12.54 Mar

16.65 19.47 22.03 19.99 13.65 14.85 13.72 13.98 15.91 18.19 16.39 17.09 20.05 8.05 10.84 12.71 Apr

16.64 19.51 22.01 20.06 13.76 14.98 13.56 13.90 15.96 18.33 16.48 17.20 20.11 7.92 10.85 12.75 May

16.54 19.59 21.95 20.13 13.00 14.84 13.53 13.82 15.63 18.31 16.49 17.18 20.16 7.89 10.76 12.54 June

16.69 19.56 21.75 20.12 13.05 14.86 13.54 13.83 15.69 18.33 16.62 17.26 20.14 7.83 10.76 12.45 July

16.56 19.55 21.69 20.14 12.85 14.76 13.50 13.78 15.52 18.33 16.76 17.34 20.15 7.80 10.83 12.58 Aug

16.70 19.50 21.63 20.14 12.69 14.66 13.47 13.73 15.51 18.31 16.90 17.42 20.14 7.75 10.90 12.65 Sep

16.72 19.42 21.42 20.05 12.68 14.59 13.36 13.64 15.49 18.27 16.95 17.44 20.06 7.59 10.87 12.66 Oct

17.16 19.31 21.25 19.93 12.79 14.51 13.30 13.59 16.01 18.16 16.93 17.39 19.95 7.48 10.77 12.50 Nov

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 Dec

2012

16.24 19.08 20.95 19.73 12.47 14.37 12.73 13.14 15.03 17.95 16.68 17.13 19.73 7.08 10.37 11.95 Jan

15.95 19.08 20.76 19.65 12.25 14.23 12.75 13.11 14.75 17.89 16.67 17.08 19.65 7.01 10.25 11.80 Feb

17.01 19.24 20.69 19.77 12.99 14.09 12.67 13.05 15.73 18.00 16.75 17.20 19.76 6.92 10.26 11.81 Mar

Total

loans to

households

and NPISH

(4 and 34)

RSD Indexed to FX and FX loans Total

RSD

(5,11

and 23)

Other loansHousing, consumer and

other loans

Over 5

yearsTotal

Over 5

years

Up to

1 year

Up to

1 year

Over 1

and up

to 5

years

Up to

1 year

Over 1

and up

to 5

years

Over 5

yearsTotal

Over 1

and up

to 5

years


Total

Indexe

d

to FX

and Fx

loans

(6,15

d 27)

Total

66

Table 12/2

Weighted Interest Rates on Loans by Type, Maturity and Purpose – Outstanding Amounts(Per annum rates, in percentages; 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

Sep 19.49 25.80 38.43 29.51 18.56 8.48 10.29 12.33 11.64 19.31 17.33 13.17 12.64 9.06 7.15 16.38 15.03 13.88

Oct 19.51 26.23 37.88 29.69 18.53 8.45 10.40 12.42 11.75 23.75 17.87 13.35 12.45 8.95 7.16 16.24 11.28 13.29

Nov 19.63 26.41 38.00 29.93 18.63 8.34 10.38 12.41 12.15 23.72 18.50 16.67 13.41 9.06 7.28 16.85 11.80 14.92

Dec 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

Jan 19.70 24.19 36.23 27.85 19.66 8.13 10.49 12.38 12.26 23.46 18.98 13.99 13.01 9.22 7.30 17.08 13.42 15.27

Feb 19.67 25.03 37.58 28.86 19.73 8.09 10.57 12.51 12.22 23.38 19.37 13.94 13.41 9.22 7.34 17.71 13.55 15.45

Mar 19.31 24.08 36.71 28.12 20.00 8.06 10.67 12.54 11.95 22.84 17.73 13.65 13.44 9.32 7.37 17.68 13.41 15.46

Apr 19.50 24.32 36.94 28.22 20.05 8.05 10.84 12.71 11.99 23.44 18.81 14.05 13.83 9.47 7.46 18.13 14.15 15.62

May 19.30 23.61 36.57 28.05 20.11 7.92 10.85 12.75 11.74 21.15 19.13 14.13 13.61 9.51 7.48 18.09 14.84 15.86

June 19.11 23.67 35.63 27.66 20.16 7.89 10.76 12.54 11.29 21.05 18.39 13.57 12.63 9.46 7.54 17.15 15.05 15.61

July 19.11 23.68 34.55 27.31 20.14 7.83 10.76 12.45 10.91 13.81 18.36 12.98 12.49 9.51 7.66 16.98 14.71 15.43

Aug 19.06 23.51 34.75 27.35 20.15 7.80 10.83 12.58 10.78 15.32 18.45 12.83 12.28 9.46 7.45 16.79 14.99 15.27

Sep 18.99 23.59 34.91 27.46 20.14 7.75 10.90 12.65 10.75 14.71 18.24 12.81 12.06 9.38 7.38 16.77 14.71 15.19

Oct 18.77 23.39 34.99 27.50 20.06 7.59 10.87 12.66 10.75 15.39 17.82 12.79 11.84 9.27 7.40 16.85 14.49 14.40

Nov 18.68 23.72 34.98 27.77 19.95 7.48 10.77 12.50 10.10 15.56 14.03 11.19 11.70 9.19 7.35 16.76 14.21 14.07

Dec 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

Jan 18.52 22.39 32.29 25.86 19.73 7.08 10.37 11.95 9.60 14.64 13.48 10.59 11.23 8.77 7.17 16.09 12.83 13.69

Feb 18.41 22.35 32.78 25.98 19.65 7.01 10.25 11.80 9.37 14.76 16.37 11.28 11.01 8.50 7.00 16.56 12.82 13.88

Mar 18.24 22.27 32.27 25.84 19.76 6.92 10.26 11.81 9.33 14.38 17.29 11.55 11.49 8.54 6.92 17.16 12.78 13.97

Revolving

loans

Credit

card

debt

Current

account

overdraft

Revolving

loans

Housing, consumer

and other loans

Total

loans to

households

and NPISH

(4 and 7)

NOTE:


Total

Indexe

d

to FX

and Fx

loans

Credit

card

debt

Loans by maturity

Up to

1 year

Current

account

overdraft


Total Total

RSD

Over 1

and up

to 5

years

Over

5

years

Loans to non-financial corporations


Non-indexed

1) NPISH – Non-profit institutions serving households.

2) Does not include revolving loans, credit cards and overdrafts.

Loans by purpose

RSD


67

Other Total Current

assetsExports Investment Other Total

19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

2010

12.81 15.09 9.48 10.30 7.76 8.46 8.55 10.23 8.00 5.37 6.62 10.02 10.40 16.30 8.44 10.14 11.21 Sep

12.90 14.83 9.24 10.27 7.70 8.30 8.38 10.12 7.68 5.62 6.61 9.91 10.32 16.15 8.33 10.12 11.19 Oct

14.49 15.81 9.60 9.76 7.80 8.81 8.65 10.63 7.81 5.77 6.75 10.40 10.78 16.80 8.43 10.39 11.46 Nov

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 Dec

2011

15.09 16.18 9.13 10.26 7.63 8.38 8.33 10.49 7.56 5.77 6.65 10.29 10.77 17.41 8.18 10.37 11.42 Jan

15.20 16.61 9.29 9.03 7.69 8.45 8.41 10.69 7.74 5.87 6.82 10.48 10.92 17.74 8.21 10.52 11.56 Feb

15.32 16.64 9.13 7.30 7.67 8.50 8.32 10.67 7.67 6.00 6.81 10.48 10.87 17.85 8.15 10.56 11.54 Mar

15.24 16.94 9.22 6.41 7.72 8.79 8.39 10.86 7.84 5.94 6.87 10.66 11.09 18.09 8.19 10.73 11.75 Apr

14.93 16.91 9.08 6.00 7.71 8.43 8.21 10.78 7.96 5.99 6.95 10.59 11.04 18.12 8.04 10.70 11.74 May

14.89 16.31 8.78 5.83 7.79 8.45 8.16 10.28 7.63 5.71 6.65 10.10 10.53 17.87 7.99 10.38 11.36 June

14.80 16.14 8.74 6.11 7.79 8.62 8.20 10.18 7.80 5.70 6.79 10.02 10.41 17.85 7.99 10.34 11.27 July

14.62 15.98 8.62 6.18 7.79 8.18 8.05 9.84 7.93 5.59 6.85 9.70 10.11 17.89 7.90 10.18 11.15 Aug

14.52 15.94 8.44 6.20 7.79 8.08 7.99 9.70 7.48 5.50 6.57 9.55 9.99 17.95 7.84 10.13 11.10 Sep

14.11 15.80 8.27 6.12 7.76 8.16 7.95 9.53 7.53 5.64 6.67 9.40 9.86 17.97 7.76 10.03 11.05 Oct

13.77 15.60 8.35 6.14 7.75 8.23 7.99 9.41 7.79 5.14 6.56 9.27 9.54 17.91 7.73 9.92 10.79 Nov

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 Dec

2012

13.39 15.03 7.98 6.08 7.45 7.98 7.70 8.97 7.47 6.19 6.77 8.84 9.08 17.54 7.41 9.48 10.26 Jan

12.30 14.72 7.81 6.16 7.32 7.62 7.51 8.72 7.46 6.28 6.80 8.60 8.99 17.39 7.28 9.29 10.13 Feb

14.17 15.61 7.80 6.12 7.20 7.64 7.48 8.82 7.41 6.63 6.96 8.71 9.12 17.89 7.24 9.36 10.21 Mar

Imports

FX

Other Total

Indexed to FX

Total

loans to

households

including

NPISH, and

non-financial

corporations

(8 and 31)

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)2)

Total

indexed to FX

and FX

loans to

households

including

NPISH, and

non-financial

corporations

(6,25 and 29)2)


Total

(20 and 25)

Total

loans to

households

including

NPISH, and

non-financial

corporations

(7 and 30)2)

Non-indexed

Loans by purpose

RSD

March 2012


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

2010

Sep 19.49 25.80 38.43 29.51 20.02 5.79 5.86 6.84 - - - 21.23 - - - 9.92 - - - 15.83

Oct 19.51 26.23 37.88 29.69 20.96 5.47 5.57 6.29 - - - 21.09 - - - 9.44 - - - 15.26

Nov 19.63 26.41 38.00 29.93 20.84 5.35 5.42 6.02 - - - 23.82 - - - 9.46 - - - 14.95

Dec 19.42 24.97 37.13 28.46 21.64 5.62 5.66 6.24 - - - 25.05 - - - 9.90 - - - 16.53

2011

Jan 19.70 24.19 36.23 27.85 24.84 5.51 5.55 6.03 - - - 27.07 - - - 11.09 - - - 20.51

Feb 19.67 25.03 37.58 28.86 24.23 5.53 5.55 6.15 - - - 24.67 - - - 10.02 - - - 17.16

Mar 19.31 24.08 36.71 28.12 20.89 5.80 5.87 6.50 - - - 22.66 - - - 9.51 - - - 15.39

Apr 19.50 24.32 36.94 28.22 20.37 5.70 5.80 6.51 - - - 21.45 - - - 9.29 - - - 13.12

May 19.30 23.61 36.57 28.05 20.87 5.96 6.06 6.78 - - - 21.95 - - - 10.18 - - - 15.15

June 19.11 23.67 35.63 27.66 20.94 5.35 5.41 6.15 - - - 21.38 - - - 10.30 - - - 13.99

July 19.11 23.68 34.55 27.31 18.91 5.73 5.82 6.91 - - - 21.15 - - - 9.22 - - - 17.46

Aug 19.06 23.51 34.75 27.35 20.30 5.92 6.02 6.84 - - - 20.73 - - - 9.30 - - - 17.25

Sep 18.99 23.59 34.91 27.46 21.34 5.96 6.03 6.89 - - - 23.65 - - - 9.13 - - - 19.09

Oct 18.77 23.39 34.99 27.50 22.86 5.45 5.50 6.28 - - - 23.14 - - - 9.08 - - - 18.51

Nov 18.68 23.72 34.98 27.77 22.48 4.45 4.45 5.68 - - - 23.74 - - - 8.55 - - - 18.56

Dec 18.64 22.26 32.58 25.73 21.69 3.97 3.98 4.46 - - 24.23 - - - 9.16 - - - 17.94

2012

Jan 18.52 22.39 32.29 25.86 12.03 5.73 5.73 6.69 - - - 24.58 - - - 8.62 - - - 18.02

Feb 18.41 22.35 32.78 25.98 24.42 5.42 5.43 6.04 20.86 28.17 20.30 23.24 10.37 7.61 9.66 8.51 20.54 18.69 16.43 18.09

Mar 18.24 22.27 32.27 25.84 21.85 5.01 5.03 5.49 19.71 27.68 19.32 22.22 9.55 6.80 9.94 8.10 19.50 16.24 15.37 16.44

Credit

card debt

Current

account

overdraft

Housing

loans -

effective

interest

rate for

statistical

purposes

Consumer loans

Total

Up to

1 year

Total

Housing loans

Revolving

loansRSD

Indexed

to FX and

FX loans

Total

RSD Indexed to FX and FX loans

TotalTotalUp to

1 year

Over 1

and up

to 5

years

Up to

1 year

Over 1

and up

to 5

years

Over 5

years


1)NIPSH – Non-profit institutions serving households.

Over 1

and up

to 5

years

NOTE:



Over 5

years

Over 5

yearsTotal

Table 12a/1

Weighted Interest Rates on Loans by Type, Maturity and Purpose – New Business (Per annum rates, in percentages; period average rate)

69March 2012

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37

2010

16.36 - - - 17.04 - - - 14.03 - - - 16.35 17.31 9.07 13.75 25.91 Sep

15.77 - - - 17.24 - - - 14.10 - - - 16.61 17.50 8.60 13.75 26.01 Oct

15.89 - - - 19.99 - - - 12.09 - - - 18.05 20.23 7.64 13.71 26.49 Nov

17.42 - - - 21.46 - - - 12.20 - - - 18.40 21.71 8.02 13.68 24.98 Dec

2011

21.92 - - - 22.33 - - - 12.61 - - - 19.16 22.63 8.32 14.74 26.18 Jan

18.00 - - - 22.06 - - - 12.47 - - - 18.73 22.27 8.94 15.27 26.64 Feb

16.10 - - - 21.35 - - - 12.51 - - - 18.24 21.44 8.83 14.52 24.89 Mar

13.89 - - - 21.23 - - - 13.92 - - - 19.05 21.24 9.30 15.13 25.38 Apr

16.07 - - - 21.05 - - - 13.65 - - - 18.90 21.09 9.53 15.56 25.43 May

14.72 - - - 21.47 - - - 13.36 - - - 18.64 21.46 8.92 14.42 24.21 June

18.29 - - - 20.77 - - - 13.36 - - - 19.07 20.79 8.27 14.97 24.62 July

18.04 - - - 20.30 - - - 13.50 - - - 19.01 20.33 8.39 15.35 24.90 Aug

20.03 - - - 19.86 - - - 13.42 - - - 18.89 20.01 8.35 15.86 25.02 Sep

19.52 - - - 19.54 - - - 12.69 - - - 18.50 19.69 7.84 15.50 24.78 Oct

19.67 - - - 18.70 - - - 11.94 - - - 17.18 18.90 5.06 8.12 19.51 Nov

19.38 - - - 19.49 - - - 14.15 - - - 17.58 19.67 6.47 10.54 20.51 Dec

2012

19.61 - - - 21.81 - - - 12.86 - - - 19.60 21.90 8.76 16.20 24.37 Jan

19.58 16.12 22.54 20.56 20.88 10.75 14.32 11.66 12.66 14.28 20.59 18.84 18.96 20.98 7.96 14.96 24.28 Feb

17.78 17.22 22.64 20.22 20.76 10.21 13.69 10.31 11.43 15.70 21.00 17.87 18.78 20.82 7.11 14.58 23.06 Mar

Consumer

loans -

effective

interest

rate for

statistical

purposes

Over 1

and up

to 5

years

RSD

Housing, consumer and other

loans Total loans

to

household

s and

NPISH

(4 and 36)

RSD

(5,12 and

25)

Indexed

to FX and

Fx loans

(6,16 and

29)

Indexed to FX and FX loans

Other loans

Total

Total

Up to

1 year

Up to

1 year

Over 1

and up

to 5

years

Over 5

yearsTotal Total

Up to

1 year

Over 1

and up

to 5

years


Over 5

years

Over 5

yearsTotal

70

Table 12a/2

Weighted Interest Rates on Loans by Type, Maturity and Purpose – New Business (Per annum rates, in percentages; period average rate)

Current

assets Exports Investment

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

2010

Sep 19.49 25.80 38.43 29.51 17.31 9.07 13.75 25.91 11.64 19.31 17.33 13.17 - - - 17.55 10.70 12.29

Oct 19.51 26.23 37.88 29.69 17.50 8.60 13.75 26.01 11.75 23.75 17.87 13.35 - - - 17.96 10.05 11.85

Nov 19.63 26.41 38.00 29.93 20.23 7.64 13.71 26.49 12.15 23.72 18.50 13.67 - - - 19.06 12.91 10.98

Dec 19.42 24.97 37.13 28.46 21.71 8.02 13.68 24.98 11.81 22.83 18.48 13.32 - - - 17.69 15.15 15.58

2011

Jan 19.70 24.19 36.23 27.85 22.63 8.32 14.74 26.18 12.26 23.46 18.98 13.99 - - - 18.68 15.00 8.37

Feb 19.67 25.03 37.58 28.86 22.27 8.94 15.27 26.64 12.22 23.38 19.37 13.94 - - - 18.73 18.02 12.06

Mar 19.31 24.08 36.71 28.12 21.44 8.83 14.52 24.89 11.95 22.84 17.73 13.65 - - - 18.60 12.35 15.62

Apr 19.50 24.32 36.94 28.22 21.24 9.30 15.13 25.38 11.99 23.44 18.81 14.05 - - - 18.56 15.95 12.32

May 19.30 23.61 36.57 28.05 21.09 9.53 15.56 25.43 11.74 21.15 19.13 14.13 - - - 18.36 15.07 13.30

June 19.11 23.67 35.63 27.66 21.46 8.92 14.42 24.21 11.29 21.05 18.39 13.57 - - - 18.42 17.38 13.68

July 19.11 23.68 34.55 27.31 20.79 8.27 14.97 24.62 10.91 13.81 18.36 12.98 - - - 18.10 10.43 16.73

Aug 19.06 23.51 34.75 27.35 20.33 8.39 15.35 24.90 10.78 15.32 18.45 12.83 - - - 15.92 - 14.47

Sep 18.99 23.59 34.91 27.46 20.01 8.35 15.86 25.02 10.75 14.71 18.24 12.81 - - - 18.26 13.00 17.03

Oct 18.77 23.39 34.99 27.50 19.69 7.84 15.50 24.78 10.75 15.39 17.82 12.79 - - - 18.80 - 15.74

Nov 18.68 23.72 34.98 27.77 18.90 5.06 8.12 19.51 10.10 15.56 14.03 11.19 - - - 17.68 18.00 14.51

Dec 18.64 22.26 32.58 25.73 19.67 6.47 10.54 20.51 10.07 15.53 13.47 10.98 - - - 17.49 - 16.18

2012

Jan 18.52 22.39 32.29 25.86 21.90 8.76 16.20 24.37 9.60 14.64 13.48 10.59 - - - 14.92 - 7.02

Feb 18.41 22.35 32.78 25.98 20.98 7.96 14.96 24.28 9.37 14.76 16.37 11.28 12.3 6.67 6.9 17.30 - 14.20

Mar 18.24 22.27 32.27 25.84 20.82 7.11 14.58 23.06 9.33 14.38 17.29 11.55 13.30 9.09 8.04 17.25 13.18 14.18


Loans by purpose

RSD

Current

account

overdraft

Revolving

loans

Credit

card

debt

Current

account

overdraft

Revolving

loans

Credit

card

debt

Housing, consumer and other

loans

Total

loans to

households

and NPISH

(4 and 7)

RSD

Indexed

to FX

and Fx

loans

Total


2) Excluding revolving loans, credit cards and overdrafts.

Up to

1 year

Over 1

and up

to 5

years

Non-indexedTotal

Loans by maturity

NOTE:


Over

5

years

1) NIPSH – Non-profit institutions serving households.


Total


71

Other Total Current

assetsExports

Investmen

tOther Total

19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

2010

12.08 15.72 8.23 8.43 7.73 7.91 8.05 11.46 8.44 7.28 8.28 11.29 12.39 16.15 8.24 11.81 16.81 Sep

13.28 16.36 9.04 9.06 7.96 8.26 8.54 12.30 8.31 10.06 9.27 12.23 12.91 16.67 8.58 12.58 17.31 Oct

14.33 17.04 9.53 8.49 7.80 10.43 9.29 12.99 7.90 7.43 7.79 12.67 13.25 17.68 8.86 12.87 17.42 Nov

14.87 16.49 9.77 10.10 6.52 10.47 8.83 11.75 8.18 8.51 8.28 11.66 12.45 17.30 8.70 11.94 15.78 Dec

2011

16.81 17.99 8.83 12.35 8.54 9.16 8.89 13.42 9.21 4.91 8.38 13.32 13.78 18.67 8.78 13.54 17.64 Jan

15.20 17.32 7.80 6.00 7.77 9.02 7.94 11.20 8.90 3.99 8.54 11.10 13.10 18.70 8.15 11.99 17.54 Feb

15.39 17.76 9.21 6.40 7.48 8.61 8.38 12.88 7.81 7.48 7.66 12.73 13.24 18.40 8.43 13.05 16.66 Mar

15.67 17.54 9.18 5.94 7.70 8.25 8.20 11.18 9.65 6.25 8.22 11.11 12.97 18.64 8.38 11.96 16.86 Apr

16.27 17.24 8.11 5.51 8.06 9.68 7.91 11.89 7.45 9.45 8.17 11.82 13.11 18.03 8.15 12.46 16.83 May

18.72 18.28 8.75 9.03 9.29 9.17 9.03 11.59 7.73 4.57 5.69 11.49 12.75 19.38 8.94 12.21 16.53 June

17.94 17.94 8.10 8.76 7.25 9.75 8.39 10.58 9.56 8.52 9.42 10.56 12.12 19.10 8.39 11.55 16.12 July

16.54 15.96 7.46 8.10 7.79 7.42 7.55 9.14 10.00 9.27 9.96 9.15 11.43 17.84 7.68 10.35 15.60 Aug

15.65 17.51 8.11 8.57 8.02 8.89 8.27 11.39 11.04 8.68 10.38 11.37 12.34 18.45 8.33 12.44 16.47 Sep

15.95 18.16 9.23 10.82 8.15 9.84 9.13 11.88 10.90 9.01 10.70 11.85 12.52 18.90 8.95 12.95 16.84 Oct

15.41 16.50 10.12 9.82 7.79 9.82 9.31 11.85 9.16 6.99 8.98 11.60 11.30 17.50 6.98 9.83 14.61 Nov

14.01 16.17 8.51 6.30 7.32 8.79 8.14 10.59 8.70 6.58 7.47 10.55 10.80 17.17 7.66 10.55 13.88 Dec

2012

14.17 14.25 8.38 6.60 6.69 7.84 7.48 9.45 8.24 7.64 7.82 9.19 10.04 16.13 7.64 10.06 13.85 Jan

10.66 13.24 8.83 6.71 7.15 3.76 6.89 9.41 11.26 7.71 9.36 9.41 10.80 15.22 7.18 10.50 14.72 Feb

17.09 16.78 8.63 8.20 7.47 7.94 8.11 11.06 8.14 13.50 9.11 11.02 11.36 18.02 7.98 11.78 14.67 Mar


Loans by purpose

RSD

Total

non-indexed

loans to

households

including

NPISH, and

non-financial

corporations

(5 and 20)2)

Total

indexed to

FX

and FX

loans to

households

including

NPISH, and

non-financial

corporations

(6,25 and

Total

loans to

households

including

NPISH, and

non-

financial

corporation

s

(7 and 30)2)

Non-indexed

Total

loans to

households

including

NPISH, and

non-

financial

corporations

(8 and 31)

Total

(26 and

29 =

13,14

and 15)Total Imports Other

Total

loans

to non-

financial

corporations

(12 and 30)

FX

Indexed to FX

Total

(20 and

25)

March 2012

72

Table 12b

Weighted Interest Rates on Deposits by Maturity – Outstanding Amounts(Per annum rates, in percentages; end-of-period)

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1 and

up to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1 and

up to 2 years

Over 2

yearsTotal

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

2010 - -

Sep 1.13 - - - 13.18 9.97 - - 3.89 5.27 - - 4.00 5.36 4.11

Oct 1.21 - - - 13.04 10.37 - - 3.65 5.46 - - 3.76 5.56 4.01

Nov 1.05 - - - 13.27 11.85 - - 3.75 5.63 - - 3.85 5.76 4.57

Dec 1.03 - - - 13.85 12.04 - - 3.82 5.60 - - 3.93 5.74 4.54

2011

Jan 0.99 - - - 14.04 12.18 - - 3.85 5.58 - - 3.96 5.71 4.54

Feb 1.00 - - - 14.02 11.39 - - 3.88 5.53 - - 3.99 5.62 4.45

Mar 1.02 - - - 14.17 12.31 - - 4.00 5.54 - - 4.12 5.69 4.50

Apr 0.91 - - - 14.32 12.35 - - 4.07 5.53 - - 4.19 5.68 4.45

May 0.97 - - - 14.44 12.32 - - 4.12 5.42 - - 4.24 5.57 4.33

June 0.84 - - - 14.55 12.22 - - 4.45 5.38 - - 4.56 5.52 4.26

July 0.89 - - - 14.25 12.13 - - 4.28 5.34 - - 4.40 5.48 4.24

Aug 0.86 - - - 15.37 11.95 - - 4.35 5.30 - - 4.46 5.44 4.20

Sep 0.92 - - - 15.43 11.94 - - 4.42 5.27 - - 4.53 5.42 4.16

Oct 0.94 - - - 15.5 11.92 - - 4.48 5.3 - - 4.61 5.45 4.08

Nov 0.81 - - - 15.39 11.37 - - 5.05 5.11 - - 5.13 5.25 4.1

Dec 0.7 - - - 15.23 11.44 - - 5.08 5.1 - - 5.17 5.27 4.08

2012

Jan 0.7 - - - 15.31 11.28 - - 5.15 5.09 - - 5.24 5.26 4.08

Feb 0.69 - 10.52 11.6 15.38 10.77 4.9 5.32 5.25 5.03 5.10 5.40 5.32 5.18 4

Mar 0.71 - 10.54 11.52 15.35 10.78 4.89 5.32 5.29 5.02 5.08 5.40 5.36 5.18 4.03

NOTE:

Interest rates on outstanding amounts and new business for overnight deposits and deposits redeemable at notice coincide.


Total

OvernightRedeemable

at notice

RSD Indexed to FX and FX deposits


Term Total

deposits

from

households

and

NPISH

(1, 2 and

14)

Deposits from households and NPISH1)


73

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

- -

1.76 - - - 30.41 10.31 - - 2.67 3.62 - - 8.86 6.45 4.16 10.27 4.98 5.66 4.13

1.94 - - - 30.41 10.42 - - 2.13 3.65 - - 8.73 6.40 4.25 10.41 5.10 5.80 4.09

1.86 - - - 30.94 11.40 - - 2.25 3.83 - - 9.63 6.98 4.53 11.46 5.33 6.07 4.56

2.26 - - - 31.73 12.02 - - 2.36 3.61 - - 9.16 6.88 4.76 12.02 5.24 6.04 4.61

2.38 - - - 32.15 12.57 - - 2.63 3.61 - - 10.07 7.07 4.88 12.51 5.24 6.05 4.65

2.40 - - - 32.76 12.89 - - 2.58 3.62 - - 9.92 7.26 5.01 12.73 5.20 6.04 4.63

2.40 - - - 33.03 13.04 - - 2.73 3.69 - - 9.98 7.48 5.08 12.94 5.23 6.13 4.69

2.68 - - - 33.00 13.34 - - 2.88 3.74 - - 9.94 7.92 5.46 13.21 5.24 6.24 4.77

2.87 - - - 31.55 13.10 - - 2.88 3.78 - - 10.08 7.94 5.44 13.00 5.16 6.17 4.69

2.64 - - - 33.00 12.67 - - 2.97 3.80 - - 9.03 7.62 5.23 12.62 5.12 6.05 4.57

2.48 - - - 32.57 12.66 - - 2.94 3.86 - - 9.46 7.32 4.87 12.59 5.08 5.95 4.45

2.65 - - - 28.51 12.42 - - 3.09 3.78 - - 9.65 7.00 4.97 12.36 4.99 5.88 4.47

2.58 - - - 28.74 11.93 - - 3.04 3.84 - - 9.29 7.07 5.02 11.93 4.99 5.89 4.45

2.4 - - - 28.81 11.62 - - 3.03 3.87 - - 9.44 7.13 4.79 11.66 5.03 5.93 4.33

2.25 - - - 28.5 11.2 - - 3.01 3.69 - - 9.05 6.9 4.54 11.22 4.87 5.68 4.25

2.32 - - - 16.89 10.65 - - 3.4 3.65 - - 6.78 6.74 4.45 10.76 4.86 5.65 4.21

2.15 - - - 16.46 10.51 - - 3 3.78 - - 6.01 6.81 4.4 10.64 4.89 5.64 4.19

2.06 - 10.28 13.72 15.99 10.47 3.93 4.22 2.96 3.89 7.09 5.20 5.58 6.86 4.45 10.53 4.85 5.59 4.14

1.95 - 9.69 17.40 16.16 9.95 3.96 4.09 3.12 3.91 6.77 5.21 5.62 6.59 4.34 10.09 4.86 5.51 4.12

Total term deposits from households,

NPISH and non-financial corporates

Indexed to

FX and FX

deposits

(10 and 25)

Total Overnight

RSD Indexed to FX and FX deposits Total

Deposits from non-financial corporations

RSD

(6 and 21)

Total deposits

from

households

including

NPISH, and

non-financial

corporations

(15 and 30)

Redeemabl

e at notice

Term Total

deposits

from non-

financial

corporati

ons

(16,17

and 29)

March 2012


Table 12c

Weighted Interest Rates on Deposits by Maturity – New Business(Per annum rates, in percentages; period average rate)

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

2010 - -

Sep 1.13 - 9.05 11.35 8.32 9.05 3.53 5.72 2.11 3.47 3.85 5.77 2.14 3.77 1.60

Oct 1.21 - 9.49 14.88 5.61 9.48 3.33 6.76 1.70 3.26 3.74 6.80 1.71 3.63 1.50

Nov 1.05 - 10.79 14.96 7.73 12.70 5.95 7.06 3.38 6.08 6.00 7.46 3.40 6.20 4.42

Dec 1.03 - 10.63 11.80 10.92 10.64 4.59 5.92 2.12 4.51 4.92 5.98 2.14 4.81 1.85

2011

Jan 0.99 - 11.29 12.38 9.34 11.21 4.32 5.63 1.58 4.08 4.72 5.74 1.75 4.45 1.68

Feb 1.00 - 11.29 13.64 7.91 11.28 4.19 5.75 2.12 4.07 4.57 5.82 2.13 4.43 1.60

Mar 1.02 - 11.76 12.90 12.13 11.78 4.16 4.17 2.22 4.00 4.85 4.36 2.25 4.63 1.59

Apr 0.91 - 11.57 12.89 14.67 11.60 4.18 3.51 2.36 3.99 4.79 3.63 2.43 4.55 1.43

May 0.97 - 11.66 12.50 10.36 11.68 4.64 4.46 2.48 4.56 4.90 4.56 2.50 4.80 1.99

June 0.84 - 10.73 11.69 9.51 10.74 4.25 3.93 2.57 4.16 4.50 3.98 2.59 4.40 1.61

July 0.89 - 10.22 10.93 8.44 10.23 4.03 3.88 2.29 3.95 4.32 3.98 2.32 4.23 1.46

Aug 0.86 - 9.53 10.94 11.98 9.56 3.92 4.01 2.87 3.89 4.19 4.07 2.91 4.14 1.47

Sep 0.92 - 9.87 11.68 11.62 9.89 3.63 3.72 2.47 3.60 3.98 3.77 2.54 3.92 1.38

Oct 0.94 - 9.95 11.32 12.21 9.99 4.28 4.45 3.08 4.27 4.55 4.48 3.16 4.5 1.51

Nov 0.81 - 11.49 11.49 16.06 11.52 5.17 5.47 5.8 5.27 5.32 5.49 5.82 5.38 3.58

Dec 0.7 - 9.64 11.05 9.66 9.67 4.49 4.98 4.26 4.55 4.91 5.06 4.33 4.91 1.57

2012

Jan 0.7 - 9.58 9 13.97 9.59 4.14 3.97 5.06 4.18 4.75 4.07 5.14 4.7 1.35

Feb 0.69 - 9.4 11.06 14.66 9.59 4.27 4.46 5.53 4.61 4.82 4.97 5.54 5.01 1.56

Mar 0.71 9.71 10.94 9.92 9.71 4.26 2.56 4.37 4.20 4.81 2.63 4.40 4.71 1.35


NOTE:

Interest rates on outstanding amounts and new business for overnight deposits and deposits redeemable at notice coincide.

OvernightRedeemabl

e at notice

Term Total

deposits from

households

and

NPISH

(1, 2 and 14)

Deposits from households and NPISH1)



75March 2012

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

- - 2010

1.76 - 9.04 11.39 34.54 9.10 3.03 3.59 3.57 3.03 5.97 6.55 11.89 6.00 3.36 9.10 3.22 5.33 2.52 Sep

1.94 - 9.45 4.79 35.52 9.48 3.76 1.25 0.88 3.67 6.84 2.13 5.41 6.78 3.64 9.48 3.50 5.96 2.54 Oct

1.86 - 10.63 14.38 3.21 10.49 3.71 3.36 3.10 3.70 7.63 7.07 3.19 7.57 3.79 10.73 5.85 6.47 4.21 Nov

2.26 - 11.32 12.31 23.51 11.36 3.84 2.78 2.20 3.82 7.45 6.97 8.21 7.45 4.43 11.33 4.12 6.65 3.26 Dec

2011

2.38 - 11.92 20.80 37.62 11.96 3.50 4.54 2.17 3.50 7.60 5.47 9.14 7.59 4.24 11.92 3.78 6.53 3.02 Jan

2.40 - 12.57 23.86 40.82 12.63 3.66 3.80 1.49 3.64 8.16 7.68 8.87 8.16 4.58 12.57 3.83 7.07 3.18 Feb

2.40 - 12.52 14.50 35.85 12.57 3.53 4.28 3.12 3.54 7.78 7.15 9.32 7.78 4.53 12.53 3.71 7.00 3.20 Mar

2.68 - 12.95 14.69 38.39 12.99 3.77 2.98 2.36 3.74 8.27 5.39 7.91 8.24 4.71 12.92 3.84 7.30 3.18 Apr

2.87 - 12.64 9.09 19.08 12.63 3.77 3.95 1.37 3.76 8.32 5.39 6.90 8.26 4.89 12.59 4.22 6.86 3.47 May

2.64 - 12.30 20.28 30.62 12.34 3.77 5.23 2.77 3.80 8.52 5.82 4.54 8.41 4.69 12.28 4.00 6.93 3.18 June

2.48 - 12.03 2.47 7.91 12.00 3.88 2.75 0.72 3.86 7.71 2.70 1.87 7.66 4.19 11.93 3.90 6.62 2.94 July

2.65 - 11.81 17.35 12.90 11.82 3.13 5.00 1.76 3.20 6.71 5.39 7.34 6.68 4.34 11.74 3.45 6.03 3.08 Aug

2.58 - 10.94 18.70 36.68 10.98 3.74 2.02 1.30 3.70 7.95 4.67 6.55 7.93 4.58 10.95 3.65 6.89 3.09 Sep

2.4 - 10.92 15.53 34.04 10.97 3.65 2.35 1.1 3.62 7.62 3.56 13.63 7.59 4.23 10.94 3.91 6.71 2.96 Oct

2.25 - 10.49 17.66 34.04 10.52 3.51 3.34 2.19 3.51 7.7 4.75 13.62 7.69 4.34 10.59 5.01 6.07 3.89 Nov

2.32 - 9.86 13.85 2.78 9.76 3.37 3.08 4.51 3.39 7.11 4.32 3.68 7.01 3.92 9.76 3.97 6.35 2.9 Dec

2012

2.15 - 9.83 8.52 36.89 9.85 3.58 2.5 1.27 3.56 7.73 4.75 13.72 7.71 3.8 9.84 3.9 6.76 2.68 Jan

2.06 - 9.37 16.83 16.21 9.41 3.92 3.68 2.11 3.86 7.7 4.69 5.07 7.6 3.76 9.42 4.34 6.6 2.68 Feb

1.95 9.07 21.07 39.17 9.13 3.75 2.57 1.24 3.66 7.40 4.05 7.59 7.35 3.81 9.17 3.96 6.54 2.62 Mar


RSD

(6 and 21)

Redeema

ble at

notice

Term

Indexed to

FX and FX

deposits

(10 and 25)

Total

Total term deposits from households,

NPISH and non-financial corporates

Total deposits

from

households

including

NPISH, and

non-financial

corporations

(15 and 30)

Overnight

Deposits from non-financial corporations

Total

deposits

from non-

financial

corporations

(16,17 and

29)


Table 12d

Weighted Interest Rates on Loans by Currency 1)

– Outstanding Amounts(Per annum rates, in percentages)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

2010 2010

Sep 18.56 15.09 16.30 9.75 8.25 8.84 5.27 7.51 5.50 10.09 9.86 9.87 8.48 8.40 8.44 10.29 10.02 10.14 Sep

Oct 18.53 14.83 16.15 9.65 8.11 8.71 5.23 7.38 5.44 10.66 9.63 9.67 8.45 8.24 8.33 10.40 9.91 10.12 Oct

Nov 18.63 15.81 16.80 9.54 8.39 8.84 5.23 7.30 5.43 10.54 9.56 9.58 8.34 8.50 8.43 10.38 10.40 10.39 Nov

Dec 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 Dec

2011 2011

Jan 19.66 16.18 17.41 9.28 8.05 8.52 5.20 7.67 5.43 10.31 9.64 9.66 8.13 8.21 8.18 10.49 10.29 10.37 Jan

Feb 19.73 16.61 17.74 9.24 8.11 8.54 5.16 7.23 5.35 10.34 9.91 9.92 8.09 8.29 8.21 10.57 10.48 10.52 Feb

Mar 20.00 16.64 17.85 9.18 8.02 8.46 5.10 7.22 5.28 10.08 9.86 9.86 8.06 8.21 8.15 10.67 10.48 10.56 Mar

Apr 20.05 16.94 18.09 9.16 8.08 8.49 5.06 7.36 5.25 10.13 10.06 10.06 8.05 8.29 8.19 10.84 10.66 10.73 Apr

20.11 16.91 18.12 9.04 7.95 8.36 5.04 7.34 5.22 10.15 9.75 9.76 7.92 8.12 8.04 10.85 10.59 10.70

June 20.16 16.31 17.87 9.01 7.87 8.29 4.99 7.65 5.20 10.12 9.77 9.78 7.89 8.06 7.99 10.76 10.10 10.38 June

July 20.14 16.14 17.85 8.98 7.90 8.31 4.96 7.45 5.13 10.10 10.08 10.08 7.83 8.11 7.99 10.76 10.02 10.34 July

Aug 20.15 15.98 17.89 8.89 7.78 8.18 4.93 7.35 5.10 10.14 10.11 10.11 7.80 7.98 7.90 10.83 9.70 10.18 Aug

Sep 20.14 15.94 17.95 8.80 7.72 8.11 4.90 7.27 5.06 9.98 9.75 9.75 7.75 7.91 7.84 10.90 9.55 10.13 Sep

Oct 20.06 15.80 17.97 8.68 7.74 8.08 4.61 7.33 4.79 9.94 9.15 9.17 7.59 7.88 7.76 10.87 9.40 10.03 Oct

Nov 19.95 15.60 17.91 8.58 7.74 8.04 4.41 7.44 4.61 9.97 9.45 9.46 7.48 7.90 7.73 10.77 9.27 9.92 Nov

Dec 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 Dec

2012 2012

Jan 19.73 15.03 17.54 8.25 7.53 7.78 3.87 7.38 4.09 9.79 8.84 8.86 7.08 7.63 7.41 10.37 8.84 9.48 Jan

Feb 19.65 14.72 17.38 8.17 7.36 7.63 3.88 7.68 4.12 9.75 8.63 8.65 7.01 7.46 7.28 10.25 8.60 9.29 Feb

Mar 19.76 15.61 17.89 8.05 7.34 7.58 3.89 7.64 4.11 9.77 8.72 8.74 6.92 7.44 7.24 10.26 8.71 9.36 Mar

Total

House-holds and

NPISH

Non-financial corpora-

tions

House-holds and

NPISH

House-holds and

NPISH

House-holds and

NPISH


tions

Total loans to

households including

NPISH and non-

financial corporations (16 and 17)


tions

Total


tions


Total

Total loans to

non-financial

corporations (2, 5, 8and 11)

House-holds and

NPISH2)


tions

Total

In CHF and CHF-indexed

Total

1) Does not include revolving loans, current account overdrafts and credit card debt.2) NPISH – Non-profit institutions serving households.

Other index d to FX and other FX loans Indexed to FX and FX loans

Total loans to

households and NPISH

(1, 4, 7 and 10)

In EUR and EUR-indexed RSD

77March 2012

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

2010 2010

Sep 17.31 15.72 16.15 9.66 8.20 8.46 6.30 9.27 6.47 5.90 7.66 7.66 9.07 8.07 8.24 13.75 11.29 11.81 Sep

Oct 17.50 16.36 16.67 8.88 8.47 8.55 5.91 6.18 6.02 10.41 11.23 11.19 8.60 8.58 8.58 13.75 12.23 12.58 Oct

Nov 20.23 17.04 17.68 7.79 8.46 8.30 5.94 5.42 5.62 11.92 10.98 10.98 7.64 9.12 8.86 13.71 12.67 12.87 Nov

Dec 21.71 16.50 17.30 8.28 8.26 8.26 6.25 12.21 8.23 5.94 12.67 12.67 8.02 8.81 8.70 13.68 11.66 11.94 Dec

2011 2011

Jan 22.63 17.99 18.67 8.45 8.61 8.58 5.00 9.34 7.09 4.89 11.05 11.04 8.32 8.87 8.78 14.74 13.32 13.54 Jan

Feb 22.27 17.32 18.70 9.02 8.25 8.43 5.23 4.57 4.65 11.83 7.81 7.83 8.94 7.98 8.15 15.27 11.10 11.99 Feb

Mar 21.44 17.76 18.40 9.54 7.85 8.15 5.85 5.98 5.89 6.97 12.44 12.43 8.83 8.34 8.43 14.52 12.73 13.05 Mar

Apr 21.24 17.54 18.64 9.77 7.86 8.17 5.38 10.90 7.08 9.31 12.58 12.57 9.30 8.20 8.38 15.13 11.11 11.96 Apr

May 21.09 17.24 18.03 9.85 7.75 8.05 5.45 8.71 6.75 10.10 10.86 10.85 9.53 7.92 8.15 15.56 11.82 12.46 May

Jun 21.46 18.28 19.38 9.65 8.68 8.87 3.49 9.21 5.67 11.84 11.76 11.76 8.92 8.95 8.94 14.42 11.49 12.21 Jun

Jul 20.79 17.94 19.10 8.50 8.41 8.43 5.48 9.13 6.21 12.00 8.42 8.42 8.27 8.42 8.39 14.97 10.56 11.55 Jul

Aug 20.33 15.96 17.84 8.49 7.65 7.75 5.53 7.73 7.28 19.60 7.12 7.12 8.39 7.59 7.68 15.35 9.15 10.35 Aug

Sep 20.01 17.51 18.45 8.55 8.18 8.24 5.23 6.53 6.18 12.57 9.54 9.54 8.35 8.32 8.33 15.86 11.37 12.44 Sep

Okt 19.69 18.16 18.90 8.42 8.91 8.82 3.33 11.97 7.25 11.26 11.52 11.52 7.84 9.19 8.95 15.50 11.85 12.95 Okt

Nov 18.90 16.50 17.50 7.60 8.57 8.23 3.52 7.85 3.58 12.68 13.30 13.30 5.06 9.27 6.98 8.12 11.60 9.83 Nov

Dec 19.67 16.17 17.17 9.96 7.91 8.25 3.29 8.25 3.46 13.22 10.32 10.33 6.47 8.13 7.66 10.54 10.55 10.55 Dec

2012 2012

Jan 21.90 14.25 16.13 9.12 7.36 7.49 4.77 7.90 5.97 - 10.82 10.82 8.76 7.55 7.64 16.20 9.19 10.06 Jan

Feb 20.98 13.24 15.22 8.65 6.68 6.97 3.96 8.86 5.77 9.38 10.20 10.20 7.96 7.03 7.18 14.96 9.41 10.50 Feb

Mar 20.82 16.78 18.02 8.55 8.00 8.06 4.23 6.76 5.05 10.68 10.58 10.58 7.11 8.14 7.98 14.58 11.02 11.78 Mar

House-holds and

NPISH


tions

Total

Total loans to

households and NPISH

(1, 4, 7 and 10)



1) Does not include revolving loans, convenience and extended credit card debt and overdrafts.

Indexed to FX and FX loans

Total

House-holds and

NPISH

RSD In EUR and EUR-indexed

Total


tions

Total loans to

non-financial

corporations (2, 5, 8and 11)

Total loans to

households including

NPISH and non-

financial corporations (16 and 17)

In CHF and CHF-indexed Other index d to FX and other

FX loans


tions

Total Total

House-holds and

NPISH


tions

House-holds and

NPISH2)


tions

House-holds and

NPISH

Table 12e

Weighted Interest Rates on Loans by Currency 1) – New Business(Per annum rates, in percentages)

78

Table 12f

Weighted Interest Rates on Term Deposits by Currency – Outstanding Amounts(Per annum rates, in percentages)

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

2010

Sep - - 13.18 9.98 - - 30.41 10.31 - - 4.06 5.36 - - 2.95 3.59

Oct - - 13.04 10.37 - - 30.41 10.42 - - 3.80 5.55 - - 2.33 3.63

Nov - - 13.27 11.85 - - 30.94 11.40 - - 3.91 5.72 - - 2.42 3.69

Dec - - 13.85 12.04 - - 31.73 12.02 - - 3.98 5.69 - - 2.48 3.55

2011

Jan - - 14.04 12.18 - - 32.15 12.57 - - 4.01 5.66 - - 2.74 3.62

Feb - - 14.02 11.39 - - 32.76 12.89 - - 4.03 5.61 - - 2.68 3.62

Mar - - 14.17 12.31 - - 33.03 13.04 - - 4.16 5.63 - - 2.81 3.82

Apr - - 14.32 12.35 - - 33.00 13.34 - - 4.22 5.61 - - 2.97 3.91

May - - 14.44 12.32 - - 31.55 13.10 - - 4.27 5.51 - - 2.96 3.97

Jun - - 14.55 12.22 - - 33.00 12.67 - - 4.62 5.47 - - 3.04 3.96

Jul - - 14.25 12.13 - - 32.57 12.66 - - 4.45 5.42 - - 3.01 4.04

Aug - - 15.37 11.95 - - 28.51 12.42 - - 4.50 5.38 - - 3.17 4.14

Sep - - 15.43 11.94 - - 28.74 11.93 - - 4.56 5.36 - - 3.12 4.21

Okt - - 15.50 11.92 - - 28.81 11.62 - - 4.63 5.39 - - 3.11 4.28

Nov - - 15.39 11.37 - - 28.50 11.20 - - 5.15 5.21 - - 3.09 4.09

Dec - - 15.23 11.44 - - 16.89 10.65 - - 5.18 5.21 - - 3.47 4.06

2012

Jan - - 15.31 11.28 - - 16.46 10.52 - - 5.25 5.20 - - 3.43 4.01

Feb 10.52 11.60 15.38 10.77 10.27 13.72 15.99 10.47 5.01 5.43 5.34 5.14 4.20 4.26 3.34 4.13

Mar 10.54 11.52 15.35 10.78 9.69 17.40 16.16 9.95 5.00 5.44 5.37 5.13 4.23 4.07 3.42 4.14


1)NPISH – Non-profit institutions serving households.

Households and NPISH1) Non-financial corporations


Non-financial corporationsHouseholds and NPISH


79

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

Up to 1

year

Over 1

and up

to 2

years

Over 2

yearsTotal

17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

2010

- - 0.48 2.75 - - 0.00 3.24 - - 3.89 5.27 - - 2.67 3.62 5.36 6.45 5.66 Sep

- - 0.48 2.87 - - 0.00 3.34 - - 3.65 5.46 - - 2.13 3.65 5.56 6.40 5.80 Oct

- - 0.54 3.01 - - 0.00 3.44 - - 3.75 5.63 - - 2.25 3.83 5.76 6.98 6.07 Nov

- - 0.58 3.07 - - 0.00 3.24 - - 3.82 5.60 - - 2.36 3.61 5.74 6.88 6.04 Dec

2011

- - 0.60 3.06 - - 0.00 3.20 - - 3.85 5.58 - - 2.63 3.61 5.71 7.07 6.05 Jan

- - 0.62 3.06 - - 0.00 2.65 - - 3.88 5.53 - - 2.58 3.62 5.62 7.26 6.04 Feb

- - 0.66 3.06 - - 0.00 2.74 - - 4.00 5.54 - - 2.73 3.69 5.69 7.48 6.13 Mar

- - 0.68 3.02 - - 0.00 2.72 - - 4.07 5.53 - - 2.88 3.74 5.68 7.92 6.24 Apr

- - 0.72 3.00 - - 0.00 2.65 - - 4.12 5.42 - - 2.88 3.78 5.57 7.94 6.17 May

- - 0.79 3.02 - - 0.00 2.44 - - 4.45 5.38 - - 2.97 3.80 5.52 7.62 6.05 Jun

- - 0.86 2.96 - - 0.00 2.70 - - 4.28 5.34 - - 2.94 3.86 5.48 7.32 5.95 Jul

- - 0.95 2.91 - - 0.08 2.50 - - 4.35 5.30 - - 3.09 3.78 5.44 7.00 5.88 Aug

- - 1.00 2.87 - - 0.08 2.63 - - 4.42 5.27 - - 3.04 3.84 5.42 7.07 5.89 Sep

- - 1.06 2.86 - - 0.08 2.74 - - 4.48 5.30 - - 3.03 3.87 5.45 7.13 5.93 Okt

- - 1.19 2.60 - - 0.08 2.69 - - 5.05 5.11 - - 3.01 3.69 5.25 6.90 5.68 Nov

- - 1.33 2.55 - - 0.05 2.97 - - 5.08 5.10 - - 3.40 3.65 5.27 6.74 5.65 Dec

2012

- - 1.33 2.45 - - 0.00 2.65 - - 5.15 5.09 - - 3.00 3.78 5.26 6.81 5.64 Jan

2.16 3.39 1.35 2.45 2.93 3.46 0.00 3.27 4.90 5.32 5.25 5.03 3.94 4.22 2.96 3.89 5.18 6.86 5.59 Feb

2.17 3.39 1.44 2.46 2.97 3.46 0.00 3.30 4.89 5.32 5.29 5.02 3.96 4.09 3.12 3.91 5.18 6.59 5.51 Mar

Households and NPISH Non-financial corporationsHouseholds and NPISH Non-financial corporations

CHF and CHF-indexed Indexation to FX and FX deposits

Total loans

to

households

and NPISH

(4 and 28)

Total loans

to

households

including

NPISH and

non-financial

corporations

(33 and 34)

Total loans

to

non-financial

corporations

(8 and 32)

March 2012


Up to 1

year

Over 1

and up to

2 years

Over 2

yearsTotal

Up to 1

year

Over 1

and up to

2 years

Over 2

yearsTotal

Up to 1

year

Over 1

and up to

2 years

Over 2

yearsTotal

Up to 1

year

Over 1

and up to

2 years

Over 2

yearsTotal

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

2010

Sep 9.05 11.35 8.32 9.05 9.04 11.39 34.54 9.10 3.58 5.86 2.10 3.51 2.98 3.68 4.86 2.99

Oct 9.49 14.88 5.61 9.48 9.45 4.79 35.52 9.48 3.37 6.88 1.70 3.29 3.68 1.38 0.90 3.58

Nov 10.79 14.96 7.73 12.70 10.63 14.38 3.21 10.49 5.99 7.12 3.38 6.12 3.66 3.39 3.97 3.66

Dec 10.63 11.80 10.92 10.64 11.32 12.31 23.51 11.36 4.66 6.00 2.11 4.56 3.66 2.79 2.36 3.64

2011

Jan 11.29 12.38 9.34 11.21 11.92 20.80 37.62 11.96 4.38 5.66 1.58 4.11 3.47 4.71 2.43 3.48

Feb 11.29 13.64 7.91 11.28 12.57 23.86 40.82 12.63 4.22 5.78 2.12 4.10 3.61 3.93 1.63 3.60

Mar 11.76 12.90 12.13 11.78 12.52 14.50 35.85 12.57 4.20 4.18 2.22 4.04 3.51 4.04 3.36 3.52

Apr 11.57 12.89 14.67 11.60 12.95 14.69 38.39 12.99 4.24 3.52 2.33 4.04 3.77 3.18 2.54 3.75

May 11.66 12.50 10.36 11.68 12.64 9.09 19.08 12.63 4.69 4.52 2.49 4.60 3.77 3.53 1.51 3.76

June 10.73 11.69 9.51 10.74 12.30 20.28 30.62 12.34 4.29 3.96 2.56 4.20 3.75 5.25 2.83 3.78

July 10.22 10.93 8.44 10.23 12.03 2.47 7.91 12.00 4.10 3.96 2.27 4.02 3.88 2.37 0.86 3.86

Aug 9.53 10.94 11.98 9.56 11.81 17.35 12.90 11.82 3.98 4.08 2.86 3.94 4.07 5.05 1.93 4.10

Sep 9.87 11.68 11.62 9.89 10.94 18.70 36.68 10.98 3.68 3.77 2.46 3.65 3.75 2.03 1.42 3.71

Oct 9.95 11.32 12.21 9.99 10.92 15.53 34.04 10.97 4.34 4.50 3.09 4.32 4.24 2.35 1.35 4.18

Nov 11.49 11.49 16.06 11.52 10.49 17.66 34.04 10.52 5.24 5.53 5.81 5.34 4.04 3.40 2.81 4.02

Dec 9.64 11.05 9.66 9.67 9.86 13.85 2.78 9.76 4.69 5.17 4.30 4.74 3.93 2.48 4.63 3.92

2012

Jan 9.58 9.00 13.97 9.59 9.83 8.52 36.89 9.85 4.29 4.09 5.08 4.32 3.72 2.50 1.81 3.69

Feb 9.40 11.06 14.66 9.59 9.37 16.83 16.21 9.41 4.37 4.52 5.53 4.69 3.94 3.77 2.21 3.89

Mar 9.71 10.94 9.92 9.71 9.07 21.07 39.17 9.13 4.39 2.53 4.39 4.32 3.76 2.64 1.33 3.67

Households and NPISHHouseholds and NPISH1) Non-financial corporations

1) NIPSH – Non-profit institutions serving households.


Non-financial corporations


Table 12g

Weighted Interest Rates on Term Deposits by Currency – New Business(Per annum rates, in percentages)

81March 2012

Up to 1

year

Over 1

and up to

2 years

Over 2

yearsTotal

Up to 1

year

Over 1

and up to

2 years

Over 2

yearsTotal

Up to 1

year

Over 1

and up to

2 years

Over 2

yearsTotal

Up to 1

year

Over 1

and up to

2 years

Over 2

yearsTotal

17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

2010

2.98 5.37 3.00 3.20 1.41 - - 1.41 3.53 5.72 2.11 3.47 3.03 3.59 3.57 3.03 3.77 6.00 5.33 Sep

2.34 5.21 3.00 2.79 3.99 - - 3.99 3.33 6.76 1.70 3.26 3.76 1.25 0.88 3.67 3.63 6.78 5.96 Oct

2.94 5.86 2.64 4.33 4.08 - - 4.08 5.95 7.06 3.38 6.08 3.71 3.36 3.10 3.70 6.20 7.57 6.47 Nov

2.45 5.78 3.25 3.61 3.79 - - 3.79 4.59 5.92 2.12 4.51 3.84 2.78 2.20 3.82 4.81 7.45 6.65 Dec

2011

2.32 5.61 2.69 3.30 3.74 - - 3.74 4.32 5.63 1.58 4.08 3.50 4.54 2.17 3.50 4.45 7.59 6.53 Jan

2.74 5.53 3.92 3.05 4.08 - - 4.08 4.19 5.75 2.12 4.07 3.66 3.80 1.49 3.64 4.43 8.16 7.07 Feb

2.65 3.86 2.23 2.81 4.04 - - 4.04 4.16 4.17 2.22 4.00 3.53 4.28 3.12 3.54 4.63 7.78 7.00 Mar

2.12 4.30 3.39 2.40 4.08 - - 4.08 4.18 3.51 2.36 3.99 3.77 2.98 2.36 3.74 4.55 8.24 7.30 Apr

2.36 3.14 4.31 2.55 3.90 - - 3.90 4.64 4.46 2.48 4.56 3.77 3.95 1.37 3.76 4.80 8.26 6.86 May

2.01 3.28 5.25 2.22 3.87 0.00 - 3.79 4.25 3.93 2.57 4.16 3.77 5.23 2.77 3.80 4.40 8.41 6.93 June

1.72 2.57 3.56 1.86 3.69 - - 3.69 4.03 3.88 2.29 3.95 3.88 2.75 0.72 3.86 4.23 7.66 6.62 July

1.59 2.99 4.01 1.84 3.23 - - 3.23 3.92 4.01 2.87 3.89 3.13 5.00 1.76 3.20 4.14 6.68 6.03 Aug

1.74 2.70 3.80 1.85 3.61 - - 3.61 3.63 3.72 2.47 3.60 3.74 2.02 1.30 3.70 3.92 7.93 6.89 Sep

1.81 2.51 2.10 1.94 3.22 - - 3.22 4.28 4.45 3.08 4.27 3.65 2.35 1.10 3.62 4.50 7.59 6.71 Oct

2.13 3.20 3.86 2.45 3.32 2.44 - 3.30 5.17 5.47 5.80 5.27 3.51 3.34 2.19 3.51 5.38 7.69 6.07 Nov

1.94 3.35 2.35 2.30 3.26 - 3.00 3.26 4.49 4.98 4.26 4.55 3.37 3.08 4.51 3.39 4.91 7.01 6.35 Dec

2012

2.02 2.40 2.22 2.08 2.95 - - 2.95 4.14 3.97 5.06 4.18 3.58 2.50 1.27 3.56 4.70 7.71 6.76 Jan

2.13 2.89 1.92 2.26 4.01 3.50 - 3.62 4.27 4.46 5.53 4.61 3.92 3.68 2.11 3.86 5.01 7.60 6.60 Feb

2.01 3.22 2.84 2.09 4.07 - - 4.07 4.26 2.56 4.37 4.20 3.75 2.57 1.24 3.66 4.71 7.35 6.54 Mar

Households and NPISH Non-financial corporations

CHF and CHF-indexed 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)


Table 12h

Weighted Interest Rates on Dinar Loans(Per annum rates, in percentages)

Total Export

Agriculture

(production

and stocks)

Other

lendingSecurities

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.

1) Yearly data: data from December.

Short-term lending1)

NOTE:

83March 2012

TotalExports and

investments

Purchase

and sale of

domestic

equipment

Agricultural

production

Fixed

assets

Other

lending

Development

of housing

and utilities

Residential

construction

Other

householdsSecurities

10 11 12 13 14 15 16 17 18 19 20 21

18.61 7.00 8.00 39.27 35.74 21.14 15.00 9.48 9.36 - 71.77 - 1997

11.00 - - 8.43 - 10.74 15.08 11.91 8.18 - 60.32 - 1998

15.08 - - - 3.96 14.95 15.08 19.02 12.43 - 45.40 - 1999

27.81 - 6.82 0.95 46.72 28.11 11.81 11.94 13.12 - 77.90 - 2000

9.32 - 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 2002

10.87 8.18 11.13 20.97 7.42 11.13 6.42 7.67 16.43 - 14.81 15.75 2003

9.86 8.20 10.38 13.92 9.35 8.71 11.29 8.08 13.12 - 14.59 14.45 2004

8.43 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 2006

10.09 7.80 13.22 14.41 13.35 10.22 7.05 6.05 13.75 - 11.13 14.81 2007

15.80 13.52 14.19 12.20 14.05 10.64 5.57 6.19 32.01 - 18.11 17.56 2008

13.75 6.55 6.80 20.97 7.80 10.22 5.06 5.68 22.95 - 11.78 15.08 2009

10.87 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

Long-term lending1)

Total

lending

Corporate

and

household

lending


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

Long-term deposits

Gyro and

current

accounts

NOTE:

1) Yearly data: data from December.

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

Long-

term

Households1)

Demand

deposits

Households,

total

Short-term deposits

Table 12i

Weighted Interest Rates on Dinar Deposits(Per annum rates, in percentages)

85March 2012

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 29

7.30 4.20 42.28 72.70 76.62 84.72 35.60 42.44 56.19 1.54 0.47 - - - 19.02 1997

6.80 2.98 42.77 52.86 44.08 47.06 27.72 49.94 2.74 1.30 3.96 - - - 16.15 1998

0.12 0.12 8.94 12.17 9.71 13.61 10.74 7.67 0.71 2.74 0.95 - - - 3.35 1999

0.83 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 2000

1.42 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 2001

1.42 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 2002

0.59 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 2003

1.31 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 2004

2.26 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 2005

1.78 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 2006

5.06 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 2007

6.44 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 2008

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 2009

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 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

Demand

deposits

Long-

term

Short-

term

Long-term deposits

86

Table 13

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 24M

Republic

of Serbia

bills,

total

6M

(euro-

index-

ed)

53-weeks

bills

denominate

d

18-months

bills

denominate

d

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

20005,6)

40.53 49.59 45.18

20016)

22.41 22.17 27.08 24.59

20026)

16.10 15.85 12.04 13.35 11.72 13.09 14.27 12.79

20036)

9.79 10.26 10.73 12.09 10.37 18.21 20.63 18.44

20046)

14.01 15.93 11.59 16.14 15.95 14.85 21.16 22.09 21.29

20056)

15.58 15.53 15.18 17.92 15.58 16.29 17.54 18.39 17.61

20066)

- 17.55 - 21.42 14.84 18.02 15.84 13.48 14.55 13.49

2007 - 10.38 - - 11.66 10.40 - 6.44 - 6.44

2008 - 14.67 - - 15.59 14.67 - 5.34 - 5.34

2009 - 12.65 - - 17.92 12.65 - 13.51 11.95 11.86 12.92

2010 - 8.97 - - - 8.97 8.89 10.84 11.19 10.60 10.70 13.32 10.98 5.25

2011 - 11.42 - - - 11.42 - 12.69 12.44 12.90 12.92 13.06 12.79 - 4.48 5.40

2010

Mar - 9.29 - - - 9.29 - - 9.47 9.89 9.67

Apr - 8.65 - - - 8.65 8.89 - 9.17 9.76 9.42

May - 8.13 - - - 8.13 - - 8.93 9.52 9.61 9.30

Jun - 8.00 - - - 8.00 - - 10.30 10.05 10.37 10.24

Jul - 8.00 - - - 8.00 - 10.35 11.35 11.69 12.10 12.50 11.24

Aug - 8.37 - - - 8.37 - 10.58 11.86 12.39 12.60 13.12 11.66

Sep - 8.90 - - - 8.90 - 10.94 12.40 12.74 13.00 13.40 12.06

Oct - 9.28 - - - 9.28 - 11.22 12.69 13.09 13.30 13.60 12.23

Nov - 9.99 - - - 9.99 - 11.68 13.16 13.53 13.70 14.50 12.66

Dec - 11.17 - - - 11.17 - 12.93 14.73 14.18 14.39 14.90 14.16 5.25

2011

Jan - 11.76 - - - 11.76 - 13.89 14.66 15.10 14.90 14.60 14.47 -

Feb - 12.00 - - - 12.00 - 13.33 13.23 13.98 12.94 12.90 13.13 - 4.48

Mar - 12.12 - - - 12.12 - 12.85 12.87 12.70 12.60 12.89 12.72 - -

Apr - 12.44 - - - 12.44 - 13.07 13.22 13.25 13.20 13.50 13.22 - -

May - 12.50 - - - 12.50 - 12.84 12.97 12.67 12.91 - 12.79 - -

Jun - 12.22 - - - 12.22 - 12.22 12.18 12.50 12.69 12.99 12.51 - -

Jul - 11.83 - - - 11.83 - 11.95 11.84 12.75 12.69 12.89 12.37 - - 5.40

Aug - 11.75 - - - 11.75 - 11.95 12.00 13.00 12.95 12.99 12.46 - - -

Sep - 11.39 - - - 11.39 - 11.90 11.90 13.00 13.30 12.99 12.54 - - -

Oct - 10.87 - - - 10.87 - 11.60 11.65 13.00 13.30 13.19 12.26 - - -

Nov - 10.32 - - - 10.32 - - 10.90 13.00 13.50 13.25 12.40 - - -

Dec - 9.82 - - - 9.82 - - 10.85 - 13.30 - 11.51 - - -

2012

Jan - 9.69 - - - 9.69 - - 10.59 12.69 12.79 13.09 12.34 - - -

Feb - 9.50 - - - 9.50 - - 10.48 12.59 13.00 13.25 12.25 - 5.95 -

Mar - 9.50 - - - 9.50 - - 10.48 12.69 13.10 13.49 12.39 - - -

Weighted average interest rate on securities used in open market

operations by the National Bank of Serbia1)

Outright

sale

of RS

long-

term

bonds2)

Weighted average interest rate on the Republic of Serbia government bills3)

1) Prior to January 31, 2005, the NBS conducted open market operations through outright sale of NBS bills, whereas as of January 31, 2005, such operations are conducted

through repo sale of long-term RS bonds. Weighted average interest rates are calculated by the simple method (actual/360).

2) On 12 August 2005, the NBS began outright sale of RS long-term bonds, where interest rates are calculated by the compound method (actual/360).

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.

Source: National Bank of Serbia, Ministry of Finance of the Republic of Serbia and Belgrade Stock Exchange a.d, Belgrade.

3) Weighted average interest rates on RS government bills are calculated by the simple method (actual/360).

4) The weighted average interest rate on bank bills, commercial papers and certificates of deposit.

5) In the year 2000, NBS bills were sold only during the month of November.

6) Interest rates are shown as weighted average annual rates.

NOTE:

Data on FRY bonds Series B (2005-2011) are not shown in the Table as in September 2002 they were converted into Republic of Serbia Bond Series A (2005-2011) with

annual


87

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

20005,6)

12.89 20.05 19.36 20016)

20026)

20036)

20046)

20056)

20066)

2007

2008

2009

2010

14.38 5.00 5.85 2011

2010

5.24 4.24 4.16 4.06 4.05 4.05 4.03 Mar

7.15 4.18 4.02 4.01 3.96 3.96 3.95 Apr

12.58 3.98 3.99 3.98 3.94 3.91 3.91 May

- 3.76 3.77 3.80 3.75 3.74 3.77 Jun

- 3.69 3.62 3.70 3.66 3.64 3.66 Jul

- 3.66 3.56 3.54 3.53 3.51 3.52 Aug

- 3.45 3.47 3.36 3.35 3.36 3.38 Sep

- 3.81 3.46 3.46 3.43 3.42 3.43 Oct

- 4.28 3.91 3.88 3.91 3.87 3.83 Nov

- 4.64 4.71 4.61 4.81 4.58 4.34 Dec

2011

4.29 4.08 4.39 4.15 4.67 4.15 Jan

5.85 5.01 4.38 4.53 4.30 4.37 4.31 Feb

14.05 - 6.34 5.68 5.87 5.92 5.57 5.81 Mar

- - 12.62 5.99 6.11 5.90 5.70 5.70 Apr

14.25 5.00 - 14.43 6.00 5.54 5.59 5.33 5.06 May

13.89 - 5.85 - 5.35 5.28 5.23 5.36 5.33 Jun

14.50 - - - 5.76 5.18 5.29 5.03 5.15 Jul

14.50 - - - 5.60 5.41 5.25 5.30 5.25 Aug

14.89 - - - 6.00 5.49 5.20 5.31 5.08 Sep

14.89 - - - 5.72 5.13 5.43 5.35 5.25 Oct

14.89 - - - 5.46 5.59 5.52 5.79 5.74 Nov

- - - - 6.49 5.49 5.49 6.06 5.57 Dec

2012

- 14.70 - - - 6.12 6.19 5.89 6.12 6.07 Jan

14.70 - - - - 6.44 6.17 6.09 5.56 5.41 Feb

14.70 - 6.10 - - - 7.49 6.10 5.90 5.97 5.97 Mar

Weigted average yield on RS bonds issued against frozen foreign currency savings deposits, by maturity15 years

Republic

of Serbia

coupon

bonds

in EUR

3 years

Republic

of Serbia

coupon

bonds in

dinars

3 years

Republic

of Serbia

coupon

bonds

in EUR

5 years

Republic

of Serbia

coupon

bonds in

dinars

2 years

Republic

of Serbia

coupon

bonds in

EUR

March 2012

89March 2012

II. International Economic Relations

91March 2012

Table 14

Balance of Payments of the Republic of Serbia, 1997-2006(In million of 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 amortization 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:

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.

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.

1999 2000 2001

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%

SOURCE: National Bank of Serbia (ITRS) and Statistical Office of the Republic of Serbia.

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

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.

92

Table 14a

Balance of Payments of the Republic of Serbia(In million of euros)

20071) 20081) 20091) 2010.1) 2011.1) 2011 2012 2011 2012

I. CURRENT ACCOUNT -5,053 -7,054 -2,084 -2,082 -2,968 -222 -271 -232 -3971. Goods2)

-7,069 -8,501 -5,118 -4,774 -5,514 -404 -450 -374 -534

1.1. Export f.o.b. 6,383 7,416 5,978 7,402 8,438 538 546 645 521

1.2. Import f.o.b. -13,451 -15,917 -11,096 -12,176 -13,952 -942 -996 -1,019 -1,055

2. Services -261 -185 18 5 161 -1 15 13 10

2.1. Export 2,304 2,741 2,500 2,667 3,032 194 223 205 208

2.2. Import -2,565 -2,926 -2,482 -2,662 -2,872 -196 -208 -192 -198

3. Goods and services (1+2) -7,330 -8,686 -5,100 -4,768 -5,353 -405 -435 -361 -524

3.1. Export 8,687 10,157 8,478 10,070 11,470 733 769 850 729

3.2. Import -16,016 -18,843 -13,578 -14,838 -16,823 -1,138 -1,204 -1,211 -1,253

4. Income -599 -922 -502 -670 -758 11 -51 -45 -26

4.1. Receipts 517 558 500 438 428 55 50 20 29

4.2. Payments -1,116 -1,480 -1,002 -1,108 -1,186 -45 -101 -65 -55

5. Current transfers 2,876 2,554 3,518 3,356 3,143 173 215 175 152

5.1. Receipts 3,105 2,828 3,762 3,624 3,494 225 240 198 182

5.2. Payments -229 -275 -244 -268 -351 -52 -25 -23 -29II. CAPITAL ACCOUNT -314 13 2 1 -3 0 -1 0 0

1. Receipts 15 16 5 3 3 0 0 0 0

2. Payments -329 -3 -4 -2 -5 0 -1 0 0

III. FINANCIAL ACCOUNT 5,176 7,133 2,207 1,986 2,752 120 234 217 348

1. Direct investment, net 1,821 1,824 1,372 860 1,827 45 -430 42 30

1.1. Outward -692 -193 -38 -143 -122 -15 -14 -8 -2

1.2. Inward 2,513 2,018 1,410 1,003 1,949 60 -416 50 32

2. Portfolio investment, net 678 -91 -51 39 1,619 35 42 299 -1102.1. Assets -3 -28 -5 -30 67 10 0 -1 -53

2.2. Liabilities 682 -63 -46 69 1,552 25 42 300 -57

3. Other investment 3,419 3,713 3,249 158 1,107 58 173 72 543.1. Assets -1,618 -1,451 75 -792 458 625 69 -45 27

3.1.1. Commercial loans -860 -602 -395 -369 -298 18 22 -63 28

3.1.2. Financial loans 1 -30 25 -34 -18 -1 1 1 -6

3.1.2.1. Long-term -3 -13 18 -33 -19 -1 1 1 -6

- disbursement -40 -59 -35 -64 -65 -2 -2 0 -9

- repayment 36 46 53 32 46 1 3 1 3

3.1.2.2. Short-term, net 4 -17 7 -1 1 0 0 0 0

3.1.3. Cash and deposits -710 -788 445 -389 774 608 47 17 5

3.1.4. Other assets -49 -31 0 0 03.2. Liabilities 5,037 5,164 3,174 950 649 -567 104 117 26

3.2.1.Commercial loans 1,619 1,559 1,048 451 948 30 14 217 48

3.2.2. Financial loans 3,402 3,529 1,389 864 -395 -634 75 -120 -12

3.2.2.1. Long-term 3,100 2,566 1,221 941 740 -43 48 -77 66

- disbursement 5,317 5,159 3,866 3,667 4,028 167 250 174 166

- repayment -2,218 -2,593 -2,645 -2,726 -3,288 -210 -202 -251 -101

3.2.2.2. Short-term, net 302 963 168 -77 -1,135 -591 27 -43 -77

3.2.3. Cash and deposits 69 75 314 -365 96 37 15 20 -10

3.2.4. Other liabilities -53 1 0 0 0

3.2.4.1. NBS -56 0 0 0 0

Early repayment of the principal -100 0 0 0 0

Early repayment of interest 43 0 0 0 0

3.2.4.2. Other sectors 3 1 0 0 0

3.2.5. SDR allocation 0 0 422 0 0

4. Reserves with the NBS (increase -) -742 1,687 -2,363 929 -1,801 -18 450 -196 374

IV. ERRORS AND OMISSIONS, net 191 -92 -124 96 219 102 37 14 50

V. OVERALL BALANCE 742 -1,687 2,363 -929 1,801 18 -450 196 -374

Note:

Feb

2)In line with the United Nations recommendations, as of 1 January 2010 the SORS introduced a general trade system that ensures better approximation to the measures and critieria of the system of national accounts and balance of payments.

JanJan-Dec

1) onthly data are available on NBS website: http://www.nbs.rs/export/internet/latinica/80/ino_ekonomski_odnosi/platni_bilans/platni_bilans.html

BoP data are subject to corrections based on official sources.

Source: NBS (ITRS) and SORS

Balance of payments is made according to the IMF's balance of payments format, as set out in the fifth edition of the Balance of Payments Manual (1993).


93March 2012

94

Table 15

Serbia's Exports, f.o.b.(In million of euros)

1 2 3 4 5 6 7 8 9 10 11

19974)

2,531 1,266 997 726 210 329 99 954 1,478 2,531

1998 2,723 1,333 1,070 836 186 368 140 1,119 1,464 2,723

1999 1,369 694 531 465 93 117 85 464 820 1,369

2000 1,558 849 635 456 110 143 101 514 943 1,558

2001 1,721 1,006 799 448 117 150 133 628 960 1,721

2002 2,075 1,235 905 579 133 128 134 730 1,211 2,075

2003 2,756 1,477 1,098 852 185 242 428 867 1,461 2,756

20045)

3,879 1,998 1,410 1,406 215 260 236 1,173 2,470 3,879

2005 4,898 2,408 1,838 1,641 324 525 287 1,447 3,154 10 4,898

2006 6,428 3,375 2,627 1,958 464 631 390 1,742 4,294 2 6,428

2007 8,825 4,935 3,366 2,846 628 416 682 2,364 5,777 2 8,825

2008 10,974 5,954 3,912 3,637 803 580 1,012 2,876 7,083 2 10,974

2009 8,344 4,478 2,887 2,634 572 660 810 2,576 4,955 3 8,344

2010 9,795 5,615 3,523 2,813 793 574 800 2,620 6,373 2 9,795

20116)

11,777 6,790 4,156 3,211 1,084 692 984 2,976 7,815 2 11,777

2010

Feb 649 382 263 179 46 42 48 174 427 0 649

Mar 810 466 314 237 70 37 74 211 525 0 810

Apr 775 424 267 241 66 44 74 189 512 0 775

May 784 444 277 232 59 49 68 196 519 0 784

Jun 835 489 311 239 65 42 69 220 546 0 835

Jul 825 467 298 238 78 42 56 238 531 0 825

Aug 773 404 234 257 69 43 51 220 502 0 773

Sep 886 513 320 265 73 35 63 240 582 0 886

Oct 946 548 333 267 80 51 68 266 612 0 946

Nov 977 593 351 259 77 48 77 265 636 0 977

Dec 962 522 305 257 73 110 111 253 598 0 962

20116)

Jan 724 456 279 164 61 43 41 169 514 0 724

Feb 887 552 342 219 71 45 51 208 628 0 887

Mar 1,077 661 429 260 90 66 68 246 763 0 1,077

Apr 1,036 579 373 280 106 71 93 235 708 0 1,036

May 966 556 351 285 75 50 79 222 665 0 966

Jun 1,100 639 371 300 105 56 95 259 746 0 1,100

Jul 1,057 604 375 300 99 54 88 280 689 0 1,057

Aug 1,012 528 315 314 102 68 91 276 644 1 1,012

Sep 991 562 357 285 97 47 96 275 620 0 991

Oct 991 553 320 282 98 58 82 275 633 0 991

Nov 1,004 590 340 261 95 58 89 273 642 0 1,004

Dec 932 510 304 261 85 76 111 258 563 0 932

2012

Jan 713 454 274 151 64 44 43 177 489 4 713

Feb 522 316 203 122 51 33 40 144 338 0 522

Source: FSO and from 2004, RSO.

1) The RSO shows economic areas according to their composition in the latest reporting period. As of 2007, apart from Serbia, the parties of

the CEFTA are: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Moldova and Montenegro.

Other

By purpose of goods2)

Total

(12 to 21)CIS CEFTA

5) As of 2004, includes trade with Montenegro.

4) Data for all periods have been reconciled with the latest available RSO statistics.

Of which:

EU 15

Total

(2+4 to 6)

=(7 to 10)

By economic area1)

6) Preliminary data.

Unclassified

by

destination

Investment

goods

Intermediate

goods

Consumer

goods

3) Standard International Trade Classification.

2) Classification of goods by purpose in line with BEC (Broad Economic Category).

EU


95

12 13 14 15 16 17 18 19 20 21

279 67 123 55 21 321 757 234 417 257 19974)

330 31 122 77 23 286 696 288 379 491 1998

288 18 72 36 8 145 370 180 213 39 1999

253 13 111 4 17 145 499 208 265 43 2000

270 13 89 50 18 132 505 241 358 45 2001

477 17 107 77 19 168 549 251 362 48 2002

499 32 138 61 17 249 690 569 458 43 2003

749 90 211 95 74 431 1243 413 548 25 20045)

899 86 216 182 51 547 1,656 485 738 38 2005

1,065 114 278 225 29 652 2,418 709 899 39 2006

1,355 176 409 231 96 917 3,085 1,260 1,252 44 2007

1,484 251 457 373 146 1,114 3,607 1,893 1,550 99 2008

1,509 249 291 390 122 661 2,182 1,474 1,339 127 2009

1,768 232 465 500 144 878 2,841 1,589 1,235 143 2010

2,092 274 656 496 201 1,001 3,481 1,959 1,511 106 20116)

2010

105 10 25 28 6 60 212 109 88 5 Feb

131 20 38 54 11 77 223 137 109 11 Mar

119 23 47 48 11 81 210 132 93 11 Apr

117 18 43 50 13 72 232 136 95 8 May

136 21 34 52 13 71 266 130 98 15 Jun

139 25 35 45 15 76 242 131 110 7 Jul

140 24 33 53 12 72 223 107 101 8 Aug

145 17 41 45 11 83 279 145 113 7 Sep

194 18 49 35 14 78 268 157 119 13 Oct

236 19 55 21 16 76 258 167 121 8 Nov

211 26 41 41 14 73 245 153 113 44 Dec

20116)

154 13 39 38 10 54 216 106 87 7 Jan

164 12 44 30 14 75 295 133 116 4 Feb

165 20 57 35 18 95 382 166 133 6 Mar

144 25 59 63 17 89 319 178 127 15 Apr

131 22 60 54 18 86 311 160 121 3 May

188 27 60 71 19 93 331 176 129 6 Jun

198 31 60 43 19 87 310 160 140 9 Jul

182 30 66 39 17 78 287 170 138 5 Aug

169 25 64 25 16 86 277 183 136 10 Sep

194 19 46 35 16 91 278 168 135 9 Oct

210 22 50 31 20 88 261 186 129 7 Nov

193 27 51 32 17 79 214 173 120 26 Dec

2012

141 17 37 34 12 61 195 115 95 6 Jan

82 11 24 16 12 46 144 102 82 3 Feb

Machinery,

apparatus and

transport

equipment

FoodMineral fuels

and lubricants

Chemical

products

Miscellaneous

manufactured

articles

Animal and

vegetable

oils and fats

By section of the SITC3)

Commodities

and

transactions,

n.e.s.

Manufactured

goods

Crude

materials,

inedible

Beverages

and tobacco

March 2012

96

1 2 3 4 5 6 7 8 9 10 11

19974)

4,503 2,503 1,862 566 521 913 520 1,230 2,753 4,503

1998 4,475 2,522 1,920 461 594 898 623 1,200 2,652 4,475

1999 2,881 1,726 1,193 282 317 556 344 657 1,880 2,881

2000 3,330 2,054 1,306 299 400 577 387 789 2,154 3,330

2001 4,261 2,455 1,670 327 767 712 588 1,073 2,600 4,261

2002 5,614 3,348 2,382 348 902 1,016 958 1,537 3,119 5,614

2003 7,477 4,364 3,201 430 1,244 1,439 1,434 2,164 3,879 7,477

20045)

10,935 6,239 4,472 794 1,816 2,086 2,237 2,573 6,125 10,935

2005 10,617 5,171 3,843 910 2,149 2,387 1,668 2,273 6,645 31 10,617

2006 13,172 6,396 4,697 1,080 2,580 3,116 2,061 2,822 8,275 14 13,172

2007 19,164 10,563 7,106 1,569 3,271 3,761 2,641 3,000 9,987 3,536 19,164

2008 24,331 13,413 8,698 1,904 4,406 4,608 3,106 3,738 12,496 4,991 24,331

2009 16,056 9,117 6,099 1,306 2,316 3,317 1,927 3,081 7,997 3,051 16,056

2010 16,735 9,370 5,730 1,452 2,594 3,319 1,731 2,879 9,302 2,823 16,735

20116)

20,139 11,203 7,121 1,712 3,341 3,883 2,691 3,972 12,253 1,223 20,139

2010

Feb 1,254 674 421 103 191 286 109 223 692 230 1,254

Mar 1,494 859 551 126 216 293 138 280 769 306 1,494

Apr 1,326 780 474 122 122 302 116 241 715 255 1,326

May 1,278 725 459 105 209 239 127 217 729 205 1,278

Jun 1,406 805 470 110 254 237 152 214 829 211 1,406

Jul 1,348 799 496 136 163 250 150 217 765 216 1,348

Aug 1,377 731 424 113 285 248 164 208 780 225 1,377

Sep 1,522 784 471 132 275 331 144 246 906 226 1,522

Oct 1,437 892 555 132 126 287 172 275 735 255 1,437

Nov 1,634 896 535 149 270 319 185 278 909 262 1,634

Dec 1,594 863 533 140 273 318 179 305 878 232 1,594

20116)

Jan 1,304 630 342 90 285 299 123 235 885 61 1,304

Feb 1,440 841 529 115 219 265 190 304 872 74 1,440

Mar 1,889 997 601 157 362 373 248 389 1,166 86 1,889

Apr 1,670 933 594 160 206 371 219 333 1,041 77 1,670

May 1,727 967 618 149 320 291 215 344 1,081 87 1,727

Jun 1,655 944 603 148 256 307 232 315 1,027 81 1,655

Jul 1,754 969 636 136 358 291 222 338 1,108 86 1,754

Aug 1,577 961 630 142 150 324 238 329 917 93 1,577

Sep 1,719 1,014 652 153 224 328 242 339 1,017 120 1,719

Oct 1,676 1,015 650 154 177 330 254 359 946 117 1,676

Nov 1,846 969 632 150 376 351 253 357 1,083 153 1,846

Dec 1,882 963 634 158 408 353 255 329 1,110 188 1,882

2012

Jan 1,327 694 415 97 260 276 137 238 792 160 1,327

Feb 1,441 770 514 98 303 270 189 269 862 121 1,441

Source: FSO and from 2004, RSO.

5) As of 2004, includes trade with Montenegro.

1) The RSO shows economic areas according to their composition in the latest reporting period. As of 2007, apart from Serbia, the

parties of the CEFTA are: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Moldova and Montenegro.

4) Data for all periods have been reconciled with the latest available RSO statistics.

Consumer

goods

Intermediate

goodsEU

6) Preliminary data.

Total

(12 to 21)

By economic area1)

Unclassified

by

destination

Investmen

t

goods

Of which:

EU 15 CEFTA CIS Other

3) Standard International Trade Classification.

Total

(2+4 to 6)

=(7 to 10)

By purpose2)

2) Classification of goods by purpose in line with BEC (Broad Economic Category).


Table 16

Serbia's Imports, c.i.f.(In million of euros)

97

12 13 14 15 16 17 18 19 20 21

483 73 388 742 9 609 693 792 352 362 19974)

395 38 297 725 9 650 660 906 350 445 1998

225 32 211 457 7 477 517 633 190 132 1999

216 50 205 662 7 522 534 720 212 202 2000

331 96 175 830 9 649 660 893 321 297 2001

404 104 183 902 16 786 924 1,454 507 334 2002

473 132 220 1,080 16 1,009 1,236 2,209 716 386 2003

640 207 345 1,638 18 1,419 2,174 3,396 1,026 72 20045)

602 146 477 2,045 19 1,480 2,235 2,693 885 34 2005

650 160 627 2,595 37 1,870 2,743 3,365 1,109 17 2006

648 90 604 3,099 28 2,131 3,504 4,048 1,475 3,537 2007

864 108 849 4,380 47 2,614 3,904 4,761 1,807 4,996 2008

751 117 461 2,383 45 2,036 2,646 3,238 1,316 3,063 2009

774 117 648 2,980 39 2,089 3,037 2,984 1,228 2,839 2010

1,034 198 787 3,970 45 2,942 3,845 4,532 1,557 1,229 20116)

2010

62 5 41 290 3 141 185 204 92 231 Feb

73 7 52 248 3 182 242 261 119 307 Mar

64 7 47 209 4 181 246 219 94 255 Apr

62 9 56 222 3 160 246 227 88 205 May

57 12 38 273 3 178 290 256 88 211 Jun

52 8 74 184 2 182 277 250 100 219 Jul

51 8 69 257 3 172 239 255 94 228 Aug

63 10 59 344 3 187 261 249 118 228 Sep

70 11 55 133 4 201 288 293 124 258 Oct

81 16 65 284 4 190 313 305 113 264 Nov

87 20 60 289 4 188 292 291 129 234 Dec

20116)

66 6 40 403 2 168 223 248 86 62 Jan

80 8 58 253 4 220 268 353 121 75 Feb

100 15 102 394 5 261 336 442 148 86 Mar

93 15 71 318 3 275 323 374 120 77 Apr

90 14 85 336 5 271 349 361 128 88 May

88 17 83 254 4 260 372 377 118 82 Jun

69 19 58 376 3 277 362 373 131 86 Jul

79 16 61 171 3 264 369 379 142 93 Aug

82 20 47 305 3 243 340 411 148 120 Sep

89 18 56 257 4 239 329 411 155 118 Oct

97 24 74 400 5 239 311 404 138 154 Nov

101 26 52 502 4 225 263 399 122 188 Dec

2012

72 5 54 295 2 199 192 261 87 160 Jan

76 11 38 331 3 219 221 321 100 121 Feb

Animal and

vegetable

oils and fats

Chemical

products

Mineral

fuels and

lubricants

FoodBeverages

and tobacco

Crude

materials,

inedible

By SITC sector 3)

Miscellaneous

manufactured

articles

Machinery,

apparatus

and transport

equipment

Commodities

and

transactions,

n.e.s.

Manufactured

goods

March 2012

98

Table 17

Bank foreign liabilities(In million dinars, end of period)

Transaction

deposits

Demand

deposits

Term

depositsLoans Securities

Other

liabilitiesDeposits 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

2010

Feb 13,627 2,589 103,141 62,555 0 11,646 15,740 165,696 209,298 8,754 288,562 0 4,036

Mar 13,192 2,496 98,547 67,766 0 10,813 9,432 166,312 202,245 12,635 321,162 0 4,018

Apr 12,958 2,689 85,831 53,336 0 11,158 10,117 139,167 176,090 12,398 320,299 0 4,087

May 14,771 2,739 85,430 46,289 0 12,085 8,381 131,718 169,694 13,132 333,255 0 4,239

Jun 13,736 4,969 72,305 63,618 0 12,895 9,072 135,923 176,594 13,063 346,451 0 4,305

Jul 14,932 6,360 60,390 58,096 0 13,705 8,480 118,486 161,962 8,558 357,660 0 4,393

Aug 14,741 4,259 70,857 47,670 0 13,723 10,381 118,527 161,631 8,623 359,827 0 4,348

Sep 16,588 4,161 65,953 55,774 0 13,789 8,752 121,727 165,018 8,553 366,437 0 4,384

Oct 15,222 4,714 102,037 35,971 0 12,878 9,411 138,008 180,232 8,489 372,250 0 4,929

Nov 15,153 2,293 68,787 64,182 0 17,401 7,418 132,969 175,233 8,921 369,101 0 5,188

Dec 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

Jan 15,240 3,129 71,779 45,772 0 13,794 12,166 117,550 161,880 7,252 367,999 0 6,161

Feb 16,473 2,766 69,827 41,700 0 13,829 12,967 111,527 157,563 7,073 365,279 0 6,151

Mar 14,449 2,558 57,194 50,690 0 14,057 11,885 107,884 150,832 13,346 366,201 0 7,859

Apr 13,313 2,687 50,155 40,965 0 13,695 7,968 91,120 128,782 12,280 359,407 0 8,697

May 14,771 3,933 48,671 40,694 0 13,566 12,137 89,364 133,772 12,247 350,646 0 8,368

Jun 14,596 3,760 44,922 45,657 0 14,336 14,289 90,579 137,559 12,929 367,224 0 9,137

Jul 15,626 4,086 44,520 32,146 0 14,440 7,803 76,667 118,622 9,369 370,996 0 10,399

Aug 13,242 5,058 41,419 28,270 0 14,420 8,143 69,689 110,550 9,254 374,400 0 10,399

Sep 13,767 4,854 49,889 30,173 0 14,417 8,140 80,062 121,240 9,279 375,222 0 10,095

Oct 15,176 5,895 49,272 25,204 0 13,370 9,808 74,475 118,725 8,900 382,458 0 10,152

Nov 14,213 6,378 44,096 19,388 0 12,829 9,960 63,484 106,863 7,609 405,742 0 12,939

Dec 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

Jan 14,775 5,204 51,088 14,562 0 12,627 12,446 65,650 110,702 7,990 427,196 0 13,734

Feb 16,128 5,689 52,696 7,767 0 13,459 9,406 60,463 105,144 8,720 448,847 0 14,196

Mar 15,632 5,795 50,428 8,002 0 14,806 12,635 58,430 107,298 13,662 447,532 0 14,032

Long-term liabilities

Foreign currency

Short-term liabilities

Foreign currency

Dinar

liabilities

Total

(3 to 5)

Total

(1+2+6

+7+8)


99

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

2010

16 297,316 301,368 510,666 463,012 47,654 Feb

16 333,797 337,831 540,076 500,109 39,967 Mar

16 332,697 336,800 512,889 471,864 41,025 Apr

17 346,387 350,643 520,337 478,105 42,231 May

17 359,515 363,837 540,431 495,438 44,993 Jun

17 366,218 370,628 532,590 484,703 47,887 Jul

85 368,450 372,883 534,514 486,977 47,537 Aug

85 374,991 379,459 544,477 496,718 47,760 Sep

84 380,739 385,753 565,985 518,747 47,237 Oct

402 378,022 383,612 558,845 510,990 47,855 Nov

402 381,123 387,760 609,715 560,226 49,489 Dec

2011

402 375,251 381,814 543,694 492,802 50,892 Jan

402 372,352 378,905 536,467 483,879 52,589 Feb

402 379,546 387,808 538,640 487,430 51,210 Mar

390 371,687 380,774 509,556 462,807 46,749 Apr

383 362,893 371,644 505,416 452,258 53,158 May

375 380,153 389,665 527,224 470,733 56,491 Jun

375 380,365 391,139 509,761 457,032 52,730 Jul

308 383,654 394,360 504,910 453,342 51,568 Aug

308 384,502 394,904 516,144 464,563 51,580 Sep

60 391,359 401,571 520,296 465,834 54,462 Oct

62 413,351 426,352 533,216 476,835 56,381 Nov

73 429,647 443,236 547,687 492,622 55,065 Dec

2012

73 435,185 448,993 559,694 500,835 58,859 Jan

72 457,567 471,834 576,979 518,030 58,949 Feb

73 461,194 475,299 582,597 519,624 62,973 Mar

Long-term liabilities

External

loans

(8+15)

Liabilities

not included

in column 18

(1+2+6+7

+13+14)

Dinar

liabilities

Total

(10 to12)

Total

(13 - 15)

Total external

liabilities

(9+16 )

March 2012

100

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 561.0 2.0 2,896.5 8,598.3 12,057.7 809.1 12,866.8 2011

2010 2010

Mar 350.9 8.2 1,400.2 8,685.3 10,444.6 1,412.8 11,857.4 Mar

Apr 375.6 8.1 1,641.9 8,742.7 10,768.3 990.4 11,758.7 Apr

May 413.6 4.3 1,453.3 8,859.8 10,731.1 1,029.0 11,760.0 May

Jun 429.8 4.3 1,245.1 8,813.9 10,493.1 1,102.4 11,595.5 Jun

Jul 377.1 7.6 1,042.8 8,664.8 10,092.3 1,016.7 11,109.1 Jul

Aug 415.1 2.9 998.5 8,597.3 10,013.7 1,218.0 11,231.7 Aug

Sep 405.6 2.6 993.1 8,474.4 9,875.7 1,297.6 11,173.2 Sep

Oct 409.0 7.5 884.5 8,420.5 9,721.4 1,610.8 11,332.2 Oct

Nov 445.2 2.4 865.7 8,348.4 9,661.7 1,684.7 11,346.4 Nov

Dec 446.7 2.2 1,169.0 8,383.6 10,001.6 1,684.3 11,685.9 Dec

2011 2011

Jan 410.8 6.5 1,071.5 8,370.9 9,859.8 1,021.7 10,881.5 Jan

Feb 432.1 1.0 1,191.3 8,436.6 10,061.0 990.5 11,051.5 Feb

Mar 428.7 1.0 1,140.0 8,349.2 9,918.9 1,066.1 10,985.1 Mar

Apr 436.2 5.8 1,203.3 8,306.5 9,951.9 1,073.3 11,025.1 Apr

May 469.2 0.1 1,200.9 8,393.9 10,064.2 1,230.0 11,294.2 May

Jun 455.9 0.1 1,105.8 8,405.0 9,966.8 1,176.9 11,143.8 Jun

Jul 508.7 7.2 1,428.8 8,439.2 10,383.8 983.0 11,366.9 Jul

Aug 562.7 0.5 1,424.8 8,432.0 10,420.0 1,036.7 11,456.8 Aug

Sep 541.6 7.4 2,288.5 8,520.8 11,358.2 1,088.8 12,447.1 Sep

Oct 567.2 7.6 2,246.9 8,450.5 11,272.3 1,158.4 12,430.7 Oct

Nov 604.1 1.9 2,049.6 8,742.6 11,398.2 1,133.5 12,531.8 Nov

Dec 561.0 2.0 2,896.5 8,598.3 12,057.7 809.1 12,866.8 Dec

2012 2012

Jan 609.5 7.2 2,370.0 8,617.0 11,603.7 761.8 12,365.6 Jan

Feb 613.7 2.3 1,780.1 8,778.5 11,174.6 752.0 11,926.6 Feb

Mar 580.9 2.3 1,863.7 8,626.1 11,073.1 672.8 11,745.8 Mar

Total

(5+6)

Foreign exchange reserves of the NBS

Gold SDR

Cash holdings

and deposits

abroad

SecuritiesTotal

(1 to 4)

Foreign exchange

reserves of

banks


Table 18

Foreign Exchange Reserves(In million of euros)

101March 2012

Table 19

Forex Market(In million of euros)

Between

banks

Between banks

and NBS

Between banks

and residents

or nonresidents

Banks NBS

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

2007 576.4 22,303.3 148.0 38,483.0 3,819.1 1,179.3 66,509.0 2007

2008 227.5 23,669.2 1,108.0 48,600.1 3,194.8 537.3 77,336.9 2008

2009 556.4 7,085.3 100.5 35,400.2 1,969.0 134.3 45,245.8 2009

2010 0.0 10,764.0 3,067.9 43,327.3 1,914.7 7.4 59,081.4 2010

2011 0.0 19,536.5 499.5 58,915.3 2,016.8 0.0 80,968.2 2011

2010 2010

Mar 0.0 562.2 190.0 3,696.6 164.7 2.8 4,616.3 Mar

Apr 0.0 608.6 84.2 4,058.5 152.0 0.0 4,903.4 Apr

May 0.0 1,376.9 471.5 4,011.1 163.6 0.0 6,023.1 May

Jun 0.0 957.6 481.0 3,935.9 167.8 0.0 5,542.3 Jun

Jul 0.0 718.6 241.0 3,528.0 182.1 0.0 4,669.7 Jul

Aug 0.0 864.1 202.5 3,575.9 160.8 0.0 4,803.3 Aug

Sep 0.0 677.9 181.7 3,728.4 156.1 0.0 4,744.1 Sep

Oct 0.0 692.9 173.0 3,069.2 152.0 0.0 4,087.2 Oct

Nov 0.0 728.3 185.0 3,496.0 200.0 0.0 4,609.3 Nov

Dec 0.0 2,442.0 416.5 5,058.1 184.0 0.0 8,100.6 Dec

2011 2011

Jan 0.0 1,107.5 5.0 4,650.7 119.0 0.0 5,882.2 Jan

Feb 0.0 869.8 0.0 4,197.9 127.7 0.0 5,195.5 Feb

Mar 0.0 1,283.1 64.5 5,057.3 150.0 0.0 6,554.9 Mar

Apr 0.0 1,032.9 19.0 3,985.4 164.6 0.0 5,201.9 Apr

May 0.0 1,680.8 57.0 5,445.2 155.3 0.0 7,338.2 May

Jun 0.0 2,062.7 42.0 5,234.6 184.9 0.0 7,524.2 Jun

Jul 0.0 2,453.0 31.0 6,145.3 184.6 0.0 8,813.9 Jul

Aug 0.0 2,420.2 37.0 4,489.3 174.3 0.0 7,120.8 Aug

Sep 0.0 2,104.6 54.0 4,580.8 159.0 0.0 6,898.3 Sep

Oct 0.0 1,258.4 33.0 4,653.3 148.2 0.0 6,092.9 Oct

Nov 0.0 1,163.4 57.0 4,653.0 231.8 0.0 6,105.2 Nov

Dec 0.0 2,100.2 100.0 5,822.9 217.4 0.0 8,240.6 Dec

2012 2012

Jan 0.0 1,819.2 60.0 4,811.8 116.6 0.0 6,807.7 Jan

Feb 0.0 1,691.2 257.5 3,566.9 115.3 0.0 5,630.8 Feb

Mar 0.0 1,017.4 368.0 4,223.9 136.2 0.0 5,745.5 Mar

Exchange transactions

Turnover on the Foreign Exchange Market

Total

(1 to 6)

Fixing session

of the IFEM

Purchase and sale outside the IFEM session


Table 20

Serbia's External Debt by Creditor1)

(In million of euros, preliminary data)

Jan Feb

A. MEDIUM AND LONG -

TERM DEBT9,381.4 10,120.1 8,766.6 9,124.2 9,001.6 11,222.5 13,200.8 16,067.9 18,923.3 20,461.2 21,932.9 23,453.7 23,642.8 23,489.4

International financial organizations 2,250.0 2,574.0 3,072.5 3,457.4 3,720.1 3,970.8 3,608.3 3,616.8 3,913.9 5,381.6 6,538.1 7,701.6 7,724.4 7,706.4

IMF 163.6 308.7 541.5 730.4 706.4 731.8 185.4 0.0 0.0 1,532.1 1,978.3 2,076.9 2,059.8 2,026.5

IBRD 1,655.7 1,815.4 1,815.4 1,815.4 1,815.4 1,801.6 1,616.0 1,603.1 1,588.0 1,238.2 1,358.7 1,437.2 1,438.1 1,452.5

IDA 0.0 0.0 160.9 218.4 317.5 395.1 417.9 425.4 461.2 469.1 511.7 540.9 537.6 530.6

EUROFIMA 129.2 138.6 141.8 125.1 117.7 136.1 128.2 113.2 113.6 100.5 110.5 99.6 100.6 86.5

IFC 0.0 2.0 17.8 23.0 69.7 44.7 142.0 181.6 175.9 198.2 227.2 346.1 342.6 342.6

EIB 275.6 55.8 102.9 155.8 207.0 275.2 387.0 517.7 592.5 741.9 1,032.2 1,472.9 1,506.2 1,513.9

European Community 0.0 223.8 223.8 259.8 259.8 273.3 273.3 273.3 273.3 273.3 273.3 373.3 373.3 373.3

EUROFOND - CEB 25.8 27.5 26.0 24.2 21.2 18.2 24.7 21.7 52.1 59.7 52.7 73.1 73.7 73.3

EBRD 0.0 2.2 42.4 105.2 205.3 294.9 382.4 418.4 584.3 675.6 859.4 1,106.8 1,115.0 1,129.6

EFSE 0.0 0.0 0.0 0.0 0.0 0.0 51.3 62.4 72.9 93.0 134.0 174.7 177.5 177.5

Government and their agencies 4,690.7 4,916.1 3,152.2 2,884.2 2,836.5 3,133.4 2,548.0 2,464.5 2,540.9 2,374.7 2,650.4 2,763.6 2,739.5 2,722.9

Paris Club - consolidated debt2) 4,168.9 4,279.7 2,518.4 2,301.9 2,231.6 2,358.3 1,761.2 1,674.3 1,674.6 1,581.0 1,616.7 1,582.0 1,574.1 1,557.8

Foreign Governments and

governments' development banks521.8 636.4 592.1 523.1 518.6 644.5 620.9 595.4 659.3 502.8 682.1 718.3 696.9 683.9

Other governments3) 0.0 0.0 41.7 59.2 86.3 130.6 165.9 194.8 207.0 290.8 351.6 463.3 468.4 481.2

London Club 2,440.8 2,606.3 2,341.9 2,189.8 854.6 982.7 871.2 780.5 819.8 808.3 754.4 720.4 706.6 691.9

Eurobonds 772.8 758.0 742.2

Other creditors 0.0 23.7 200.0 592.9 1,590.5 3,135.6 6,173.3 9,206.0 11,648.6 11,896.7 11,990.0 11,495.3 11,714.4 11,626.0

B. SHORT-TERM DEBT 763.2 814.4 606.1 529.5 442.0 947.7 957.9 1,050.0 2,143.3 2,004.8 1,830.4 647.9 671.9 592.8

Russia - trade debt for gas import 527.5 569.0 491.5 416.0 176.3 196.9 172.9 22.5 18.8 15.4 12.7 9.5 9.0 8.5

Other 235.7 245.4 114.6 113.4 265.8 750.9 784.9 1,027.5 2,124.5 1,989.4 1,817.7 638.4 662.9 584.3

C. NON-CONVERTIBLE

CURRENCY DEBT 3) 0.0 33.5 29.5 24.6 22.6 26.0 23.3 20.8 21.8 21.4 23.1 23.8 23.3 22.8

TOTAL DEBT (A+B+C) 10,144.7 10,968.0 9,402.1 9,678.3 9,466.2 12,196.2 14,182.0 17,138.7 21,088.4 22,487.3 23,786.4 24,125.4 24,338.0 24,105.1

Source: National Bank of Serbia.

2012

NOTE: Since September 2010 methodology for the external debt statistics has been changed so that the external public debt includes obligations under the IMF SDR

allocation (EUR 446.1 mill), which was used in December 2009, as well as capitalized interest to Paris Club creditors (EUR 86.5 mill), while the loans concluded before

December 20, 2000, under which the payments have not been effected, are excluded from the external debt of the private sector (EUR 867.7 mill of which EUR 397.1 mill 1)

Stock of Serbia's debt includes debt of Kosovo and Metohija in respect of credits concluded before the arrival of KFOR mission.

2) Pursuant to the provisions of the Agreed Minute signed with the Paris Club Creditors, in the period March 2002 – December 2005, 60% of interest is capitalized and will

be serviced starting from 2007 to 2014.

2002 201020012000 20112008

3) Of the total amount of debt to Other governments 39.5 million relates to debt to Libya, while non-convertible debt is debt to the former Czechoslovakia.

200720052003 20062004 2009

103March 2012

104

Table 20a

External Debt of the Republic of Serbia, by Type of Debtor(In EUR million, preliminary data)

Jan Feb

STOCK OF EXTERNAL DEBT ( +B) 10,144.68 10,967.99 9,402.11 9,678.28 9,466.23 12,196.22 14,181.96 17,138.71 21,088.41 22,487.31 23,786.42 24,125.38 24,338.0 24,105.1

. LONG-TERM DEBT (1+2) 9,381.44 10,153.59 8,796.04 9,148.80 9,024.21 11,248.47 13,224.11 16,088.72 18,945.09 20,482.55 21,956.02 23,477.46 23,666.1 23,512.2

1. Public sector1)9,362.99 10,106.10 8,532.47 8,446.86 7,209.66 7,807.65 6,535.25 6,251.13 6,503.02 7,762.26 9,076.43 10,773.25 10,693.8 10,607.5

of which: NBS debt under IMF Stand by arrangement 163.63 308.70 541.53 730.41 706.42 731.81 185.44 0.00 0.00 1,109.96 1,528.85 1,617.61 1,604.2 1,578.4

of which: Government obligation under IMF SDR allocation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 422.15 449.46 459.32 455.5 448.2

2.Private sector 2) (2.1. + 2.2.) 18.45 47.49 263.57 701.94 1,814.55 3,440.82 6,688.86 9,837.59 12,442.07 12,720.29 12,879.59 12,704.21 12,972.4 12,904.7

2.1. Banks 0.00 9.63 28.33 142.58 595.14 1,161.67 2,835.41 2,713.19 2,201.32 2,596.88 3,361.95 3,782.37 3,846.0 3,833.7

2.2. Enterprises 18.45 37.86 235.23 559.35 1,219.42 2,279.15 3,853.45 7,124.41 10,240.76 10,123.41 9,517.64 8,921.84 9,126.3 9,071.0

B. SHORT-TERM DEBT (1+2) 763.24 814.40 606.08 529.48 442.01 947.75 957.85 1,049.98 2,143.33 2,004.76 1,830.41 647.92 671.9 592.8

1. Public sector 1)107.65 150.42 95.89 79.98 73.44 84.47 56.94 33.90 17.75 1.50 0.00 0.00 - -

2. Private sector 2) (2.1. + 2.2.) 655.58 663.98 510.19 449.50 368.57 863.28 900.91 1,016.08 2,125.58 2,003.26 1,830.41 647.92 671.9 592.8

2.1. Banks 128.08 95.01 18.68 25.44 152.26 592.60 641.66 892.34 1,322.90 1,713.06 1,730.69 581.73 608.8 531.5

2.2. Enterprises 527.50 568.97 491.51 424.06 216.31 270.68 259.25 123.75 802.67 290.20 99.72 66.19 63.1 61.3

20122007 20112008

Source: National Bank of Serbia.

2004

2) Private sector external debt includes non-Government-guaranteed corporate debt.

2000 2001 2002 2005

NOTE: Since September 2010 methodology for the external debt statistics has been changed so that the external public debt includes obligations under the IMF SDR allocation (EUR 443,5 mill), which was used in December 2009, as well as capitalized interest to Paris Club creditors (EUR 86,4 mill), while the loans concluded before December 20, 2000, under which the payments have not been effected, are excluded from the external debt of the private sector (EUR 875,4 mill of which EUR 397 mill 1) Public sector external debt includes the debt of the NBS, Government – state and state guaranteed, Government funds and agencies, as well as local governments.

2006 2009 20102003


105March 2012

106

Table 21

Exchange Rates(Value in dinars, end of period)

Nominal Real2)

1 2 3 4 5 6 7 8

1997 5.9123 4.0679 9.8558 0.7501 4.5493 93.6 100.6 1997

1998 10.0308 7.3491 16.8598 1.2414 8.7080 56.8 79.7 1998

1999 11.7350 11.6615 7.3049 18.8707 1.3692 11.4183 94.0 140.0 1999

2000 58.6750 63.1659 38.5346 94.2498 6.6170 54.9412 19.3 40.2 2000

2001 59.7055 67.6702 40.3159 98.0406 6.3235 51.5112 96.0 130.0 2001

2002 61.5152 58.9848 42.3047 94.6388 6.6910 49.3860 104.7 116.8 2002

2003 68.3129 54.6372 43.7847 96.9803 7.5111 51.0827 96.3 101.9 2003

2004 78.8850 57.9355 51.0913 111.2780 8.7606 55.8162 89.3 98.9 2004

2005 85.5000 72.2189 54.9380 124.5085 9.0864 61.5285 88.7 101.6 2005

2006 79.0000 59.9757 49.1569 117.8577 8.7364 50.4760 110.7 114.2 2006

2007 79.2362 53.7267 47.8422 107.3080 8.4040 48.0016 102.1 109.7 2007

2008 88.6010 62.9000 59.4040 90.8635 8.0817 69.6604 88.6 95.1 2008

2009 95.8888 66.7285 64.4631 107.2582 9.3442 72.2054 92.8 97.7 2009

2010 105.4982 79.2802 84.4458 122.4161 11.7734 97.2782 89.5 96.9 2010

2011 104.6409 80.8662 85.9121 124.6022 11.7015 104.1825 100.3 104.4 2011

2010 2010

Mar 99.7604 74.3814 69.7918 112.1660 10.2469 79.6745 94.8 96.3 Mar

Apr 99.2683 74.9647 69.1717 114.8806 10.3174 79.7208 95.1 96.7 Apr

May 102.7303 83.4188 72.1877 120.7030 10.6652 91.1780 90.7 93.5 May

Jun 104.3704 85.4794 78.9668 128.5508 10.9754 96.5141 89.1 92.3 Jun

Jul 106.2256 81.2371 78.1300 127.0185 11.2269 94.0133 88.6 92.0 Jul

Aug 105.1032 83.0002 81.0669 128.3468 11.1995 98.5496 89.1 93.6 Aug

Sep 106.1748 78.1099 79.8487 123.8334 11.5733 93.6699 89.3 94.9 Sep

Oct 107.4270 77.3357 78.3853 123.2809 11.4396 95.9341 88.7 94.8 Oct

Nov 107.1945 81.7592 81.6658 127.1131 11.6973 97.1933 87.9 95.3 Nov

Dec 105.4982 79.2802 84.4458 122.4161 11.7734 97.2782 89.5 96.9 Dec

2011 2011

Jan 104.6051 76.8138 81.6271 122.0027 11.8013 93.6902 101.3 103.2 Jan

Feb 103.2237 74.9954 80.8900 120.8284 11.6876 91.8442 102.9 106.0 Feb

Mar 103.5951 73.2224 79.7622 117.8288 11.5841 88.3993 103.1 107.5 Mar

Apr 99.6292 67.1401 76.8685 111.8047 11.1988 82.2906 108.3 113.5 Apr

May 96.9802 67.4176 79.2192 111.5484 10.9024 82.9813 110.5 116.2 May

Jun 102.4631 70.6398 84.9752 113.6837 11.1636 87.9210 104.8 109.9 Jun

Jul 102.1251 71.2517 88.9437 116.4084 11.1936 91.8887 104.9 109.9 Jul

Aug 101.5836 70.4024 86.1024 114.8097 11.0567 91.8810 105.6 110.4 Aug

Sep 101.1732 74.6776 82.9833 116.5053 10.9291 97.5163 104.7 108.9 Sep

Oct 100.4852 71.7957 82.2032 114.7878 11.1003 90.5027 106.1 110.6 Oct

Nov 103.9741 78.0235 84.6695 121.6498 11.3114 100.1484 101.5 106.7 Nov

Dec 104.6409 80.8662 85.9121 124.6022 11.7015 104.1825 100.3 104.4 Dec

2012 2012

Jan 106.0620 80.3926 87.9599 126.5354 11.9610 105.4504 99.0 99.7 Jan

Feb 110.1866 81.7833 91.3578 130.2288 12.4859 101.7890 95.7 96.7 Feb

Mar 111.3643 83.3129 92.3419 133.2109 12.5611 101.5634 94.6 95.4 Mar1)

Indexes above 100 mean the appreciation and those below 100 the depreciation of the dinar.

EUR

(1)

2) Since the beginning of 2006, the real exchange rate is calculated by using CPI (RPI earlier).

Effective exchange rates1)

End of previous year = 100

USD

(1)

CHF

(1)

GBP

(1)

SEK

(1)

JPY

(100)


1 2 3 4 5 6

1997 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

BEF

(100)

FRF

(100)

1) On 1 April the dinar was devalued by 45% against the Deutsche Mark.

NLG

(100)

2) On 6 December the dinar was devalued by 80% against the Deutsche Mark.

ATS

(100)

ITL

(100)

DEM

(100)

Annual Exchange Rate Movements (1997–2001)

107

March 2012

109March 2012

III. Real Sector

110

RSD, in constant prices

of the previous yearGrowth rate

(in %)

RSD

(current prices)

1 2 3

1997 120,881.3 1997

1998 162,540.7 1998

1999 205,623.8 1999

2000 1,296,544.4 384,225.0 2000

2001 1,365,876.1 5.3 762,178.4 2001

2002 1,425,165.9 4.3 972,579.7 2002

2003 1,460,855.6 2.5 1,125,839.6 2003

2004 1,597,180.3 9.3 1,380,711.6 2004

2005 1,683,483.3 5.4 1,683,483.3 2005

2006 1,743,357.2 3.6 1,962,072.9 2006

2007 1,837,187.7 5.4 2,276,886.2 2007

2008 1,907,351.2 3.8 2,661,386.7 2008

2009 1,840,483.9 -3.5 2,720,083.5 2009

2010 1,859,303.7 1.0 2,881,891.0 2010

2011 1)

1,888,704.8 1.6 2011 1)

2006 2006

Q1 380,566.8 6.2 Q1

Q2 421,701.2 3.9 Q2

Q3 457,536.8 3.1 Q3

Q4 483,552.3 1.7 Q4

2007 2007

Q1 408,494.5 7.3 Q1

Q2 450,836.7 6.9 Q2

Q3 475,822.8 4.0 Q3

Q4 502,033.7 3.8 Q4

2008 2008

Q1 437,506.1 7.1 Q1

Q2 469,505.9 4.1 Q2

Q3 494,267.0 3.9 Q3

Q4 506,072.3 0.8 Q4

2009 2009

Q1 420,935.2 -3.8 Q1

Q2 450,626.2 -4.0 Q2

Q3 479,703.5 -2.9 Q3

Q4 489,219.0 -3.3 Q4

2010 2010

Q1 420,149.1 -0.2 Q1

Q2 453,410.7 0.6 Q2

Q3 487,821.2 1.7 Q3

Q4 497,922.7 1.8 Q4

2011 2011

Q1 432,936.6 3.0 Q1

Q2 464,919.3 2.5 Q2

Q3 491,049.6 0.7 Q3

Q4 499,799.3 0.4 Q4

1) Sum of four quarters

Source RSO.


Table 22

Republic of Serbia GDP(In million dinars, by quarter)

111

Mining Manufacturing Electricity, gas, steam and air

conditioning supply

1 2 3 4 5

1999 74.4 79.3 69.8 93.4 ... 1999

2000 112.1 108.1 114.5 102.1 ... 2000

2001 100.1 87.2 100.7 101.2 104.9 2001

2002 101.8 101.5 102.8 98.3 103.7 2002

2003 97.2 100.5 95.7 102.3 101.6 2003

2004 106.6 100.9 108.3 99.9 97.2 2004

2005 100.6 103.6 99.0 107.7 94.7 2005

2006 104.2 104.2 104.5 102.4 102.4 2006

2007 104.1 100.2 104.6 103.2 99.5 2007

2008 101.4 105.3 101.1 102.0 103.1 2008

2009 87.4 96.2 83.9 100.8 96.3 2009

2010 102.5 105.9 103.8 95.6 92.5 2010

2011 102.1 110.5 99.6 109.7 98.2 2011

2010 2010

Feb 86.8 83.0 83.7 101.2 113.5 Feb

Mar 97.1 91.3 97.3 99.2 104.6 Mar

Apr 94.3 92.0 96.2 88.1 101.4 Apr

May 94.2 68.4 100.7 78.2 100.8 May

Jun 99.7 76.9 108.3 73.8 99.3 Jun

Jul 99.2 97.4 102.2 88.5 95.9 Jul

Aug 95.9 99.9 98.8 83.6 88.3 Aug

Sep 107.9 97.3 115.0 83.6 94.0 Sep

Oct 107.3 101.8 110.5 96.4 101.1 Oct

Nov 104.8 93.3 109.8 89.2 109.1 Nov

Dec 105.4 92.6 107.6 102.1 103.9 Dec

2011 2011

Jan 86.3 89.2 79.3 111.7 105.8 Jan

Feb 91.4 92.6 86.9 107.8 106.9 Feb

Mar 102.8 107.1 99.3 114.2 102.8 Mar

Apr 95.8 98.6 95.8 94.5 98.3 Apr

May 99.9 89.9 102.8 93.2 101.8 May

Jun 102.2 90.5 108.3 83.7 97.9 Jun

Jul 96.2 87.0 100.4 84.0 95.5 Jul

Aug 95.8 107.3 97.5 85.4 92.0 Aug

Sep 105.3 108.5 109.1 90.1 93.6 Sep

Oct 108.8 112.4 110.1 102.6 98.4 Oct

Nov 108.4 107.8 106.3 116.3 104.3 Nov

Dec 107.1 109.8 104.2 116.5 102.2 Dec

2012 2012

Jan 84.1 98.9 73.5 118.6 100.0 Jan

Feb 79.8 80.1 73.0 104.8 99.0 Feb1)

For years, previous year = 100.

Stocks of finished goodsTotal

By sector

March 2012

Table 23

Industrial Production1)

(2010=100)

112

Table 24

Construction and Transport

Effective hours of workValue of construction works

performed

Number 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 126.5 15.5 50.2 3,056 582 2000

2001 109.0 20.8 50.8 5,635 475 2001

2002 106.5 36.5 144.1 5,156 460 2002

2003 139.4 44.7 112.8 3,865 452 2003

2004 144.3 62.3 133.2 3,676 277 2004

2005 136.8 78.3 133.5 4,820 680 2005

2006 136.8 99.6 128.1 4,515 797 2006

2007 140.9 124.9 134.4 4,457 1,161 2007

2008 137.4 131.0 121.3 4,720 1,112 2008

2009 110.5 99.9 125.1 4,582 1,184 2009

2010 100.0 100.0 100.0 4,652 1,689 2010

2011 101.5 121.1 74.8 4,652 1,907 2011

2009 2009

Jan Jan

Feb Feb

Mar 97.6 66.9 54.7 1,092 268 Mar

Apr Apr

May May

Jun 114.1 101.3 135.1 1,213 301 Jun

Jul Jul

Aug Aug

Sep 117.3 111.7 103.7 1,172 294 Sep

Oct Oct

Nov Nov

Dec 113.1 119.7 207.0 1,106 321 Dec

2010 2010

Jan Jan

Feb Feb

Mar 84.1 54.8 58.6 1,058 358 Mar

Apr Apr

May May

Jun 98.8 92.3 96.3 1,180 412 Jun

Jul Jul

Aug Aug

Sep 109.1 114.5 102.3 1,213 433 Sep

Oct Oct

Nov Nov

Dec 107.9 138.4 142.9 1,201 486 Dec

2011 2011

Jan Jan

Feb Feb

Mar 81.9 57.5 50.0 1,112 487 Mar

Apr Apr

May May

Jun 104.2 116.2 75.9 1,149 478 Jun

Jul Jul

Aug Aug

Sep 110.0 149.5 58.6 1,225 496 Sep

Okt Okt

Nov Nov

Dec 109.8 161.2 114.5 1,166 446 Dec

Source: Monthly Statistical Review, "Communications" (several issues) and data from the RSO.

Construction (2010=100) Transport


113

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 18.2 45.6 40.3 107.6 2,128 242 7,197 592 2001

2002 24.7 57.2 46.7 113.1 2,209 311 7,206 738 2002

2003 29.4 65.1 52.1 114.3 2,000 340 6,684 792 2003

2004 37.9 76.8 56.3 115.8 1,971 391 6,643 851 2004

2005 55.8 97.1 66.0 113.8 1,987 452 6,501 990 2005

2006 67.4 104.7 74.4 105.4 2,006 466 6,592 1,016 2006

2007 87.7 128.8 84.6 112.5 2,305 696 7,329 1,478 2007

2008 105.7 137.3 93.6 113.7 2,265 645 7,334 1,399 2008

2009 100.8 121.1 91.7 100.5 2,021 645 6,775 1,469 2009

2010 107.9 120.0 94.4 98.4 2,001 684 6,413 1,453 2010

2011 100.0 100.0 100.0 100.0 2,069 765 6,645 1,643 2011

2010 2010

Feb 80.9 93.5 73.8 77.3 102 36 336 79 Feb

Mar 99.7 114.5 89.3 94.0 122 43 394 92 Mar

Apr 105.5 119.9 87.9 92.6 167 53 483 107 Apr

May 106.2 119.3 103.5 108.4 231 66 643 132 May

Jun 107.5 121.0 100.9 105.5 194 66 645 133 Jun

Jul 117.6 132.6 102.6 108.5 202 75 733 167 Jul

Aug 117.7 130.9 103.1 108.1 220 80 804 166 Aug

Sep 115.0 126.4 106.1 109.3 194 78 620 168 Sep

Oct 120.0 129.6 102.3 104.9 216 66 617 143 Oct

Nov 113.4 120.9 89.9 92.1 124 46 390 97 Nov

Dec 128.2 136.1 99.2 101.4 133 46 409 97 Dec

2011 2011

n 84.8 88.3 80.0 81.5 113 35 428 85 n

Feb 82.8 85.1 79.3 80.1 111 38 400 86 Feb

Mar 97.4 98.5 94.4 95.0 133 46 435 100 Mar

Apr 99.2 99.4 90.0 90.3 169 60 525 125 Apr

May 95.9 95.3 107.7 108.3 254 82 714 170 May

Jun 96.2 95.7 109.3 109.2 204 77 678 161 Jun

Jul 104.5 104.2 104.4 104.0 205 86 767 209 Jul

Aug 106.1 105.6 106.8 107.0 221 86 804 179 Aug

Sep 103.6 102.9 105.2 105.1 196 81 593 167 Sep

Oct 110.4 109.0 112.3 111.4 210 73 575 149 Oct

Nov 103.0 101.0 101.7 100.3 120 50 359 109 Nov

Dec 115.5 113.7 108.7 106.8 133 51 368 103 Dec

2012 2012

n 87.3 85.5 85.2 83.9 132 48 463 133 n

Feb 82.6 80.2 96 35 348 81 Feb1) Monthly series do not include turnover of private trade businesses.

Note: Monthly data are preliminary.

TourismCatering indices

(2011=100) Retail trade indices1)

(2011=100)

March 2012

Table 25

Trade, Catering and Tourism

114

Employment (in thousands) Wages (in dinars)

Number of persons

employed, total

Number of

unemployed

persons

Average gross

wages, total

Average net wages,

total

1 2 3 4 5

1997 2,360 750 1,325 798 79 1997

1998 2,357 769 1,703 1,052 83 1998

1999 2,153 736 1,992 1,261 97 1999

2000 2,097 722 3,799 2,389 75 2000

2001 2,102 769 8,739 5,375 87 2001

2002 2,067 843 13,260 9,208 103 2002

2003 2,040 947 16,612 11,500 121 2003

2004 2,050 945 20,555 14,108 119 2004

2005 2,069 992 25,514 17,443 115 2005

2006 2,021 1,005 31,745 21,707 114 2006

2007 1,991 850 38,744 27,759 116 2007

2008 1,990 793 45,674 32,746 114 2008

2009 1,857 730 44,147 31,733 115 2009

2010 1,775 730 47,450 34,142 104 2010

2011 1,735 745 52,767 37,976 100 2011

2010 2010

Feb 1,846 767 44,871 32,336 121 Feb

Mar 1,817 779 46,457 33,508 103 Mar

Apr 1,815 772 48,525 34,952 110 Apr

May 1,813 763 46,454 33,463 111 May

Jun 1,811 747 47,486 34,161 103 Jun

Jul 1,808 737 48,394 34,591 102 Jul

Aug 1,806 724 47,190 33,955 106 Aug

Sep 1,775 721 48,016 34,570 89 Sep

Oct 1,775 718 47,822 34,422 87 Oct

Nov 1,775 722 47,877 34,444 89 Nov

Dec 1,775 730 54,948 39,580 100 Dec

2011 2011

Jan 1,775 751 47,382 34,009 119 Jan

Feb 1,776 764 49,394 35,538 101 Feb

Mar 1,755 774 49,633 35,777 90 Mar

Apr 1,753 770 54,532 39,298 104 Apr

May 1,751 764 49,064 35,362 91 May

Jun 1,749 756 54,616 39,322 100 Jun

Jul 1,747 749 54,164 39,127 104 Jul

Aug 1,744 746 53,285 38,389 103 Aug

Sep 1,738 743 53,838 38,763 93 Sep

Oct 1,737 738 52,944 38,167 91 Oct

Nov 1,736 735 53,239 38,363 92 Nov

Dec 1,735 745 61,116 43,887 111 Dec

2012 2012

Jan 1,733 764 50,829 36,639 122 Jan

Feb 1,731 777 55,505 40,003 136 Feb

Indices of unit labor

costs in industry

(2011 = 100)

As of 2011, data on employment in the real sector are no longer published because of the harmonisation of official statistics with

international standards.

NOTE:


Table 26

Employment and Wages

115

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 0.8 2011

2010 2010

Mar 11.7 -7.3 2.7 -0.2 Mar

Apr 13.0 -5.3 1.9 -0.1 Apr

May 12.2 -9.2 0.6 -0.4 May

Jun 11.3 -3.3 1.2 2.1 Jun

Jul 11.6 1.0 0.2 2.3 Jul

Aug 12.1 18.7 1.5 15.1 Aug

Sep 14.0 22.8 1.4 3.5 Sep

Oct 15.0 23.5 0.5 -0.7 Oct

Nov 15.1 29.8 1.3 4.8 Nov

Dec 16.2 29.3 1.2 2.8 Dec

2011 2011

Jan 15.9 29.1 2.5 3.2 Jan

Feb 17.8 36.0 2.3 3.7 Feb

Mar 17.1 39.1 1.9 1.5 Mar

Apr 18.5 41.2 2.5 2.2 Apr

May 17.0 41.2 -0.5 -0.8 May

Jun 15.8 28.6 0.0 -6.4 Jun

Jul 15.5 22.0 0.1 -0.4 Jul

Aug 13.4 16.1 -0.3 3.0 Aug

Sep 12.3 11.6 0.4 -2.8 Sep

Oct 11.2 12.9 -0.3 -0.6 Oct

Nov 10.3 8.1 0.3 1.4 Nov

Dec 9.7 3.0 0.4 -0.5 Dec

2012 2012

Jan 6.9 2.2 0.4 5.7 Jan

Feb 5.8 -2.2 0.8 -0.8 Feb

Mar 5.9 1.8 Mar

2) For annual values: average monthly rate of growth.

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)

1) For annual values: December on December, and for monthly values: current month over the same month a

year earlier.

Monthly rates in %2)

March 2012

Table 27

Producer Prices (Growth rates in %)

116

1 2 3 4 5 6 7 8 9 102007 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 10.7 10.8 10.6 9.1 13.0 8.9 9.7 9.6

2011 7.0 6.4 -0.5 9.9 6.3 11.1 5.4 6.2 7.4 5.3

2010

Mar 4.7 -1.3 -4.6 0.5 6.4 13.2 7.3 3.1 4.6 6.6

Apr 4.3 -1.4 -5.2 0.8 5.7 13.2 6.3 2.6 4.2 5.6

May 3.7 -2.4 -6.5 0.4 5.7 12.0 6.5 2.2 4.1 5.7

Jun 4.2 -1.3 -2.9 -0.2 5.8 10.9 7.3 2.9 4.1 6.0

Jul 5.1 0.8 2.5 -0.2 6.0 11.0 7.5 4.0 4.2 6.2

Aug 6.6 4.4 9.6 1.7 6.6 11.0 7.4 5.8 5.1 6.2

Sep 7.7 6.2 8.0 5.3 7.5 10.6 8.3 7.1 6.9 7.0

Oct 8.9 8.3 11.0 6.9 8.3 11.5 8.8 8.4 8.0 7.8

Nov 9.6 9.4 11.0 8.6 8.6 12.8 8.9 9.0 8.7 8.0

Dec 10.3 10.7 10.8 10.6 9.1 13.0 8.9 9.7 9.6 8.2

2011

Jan 11.2 13.3 13.6 13.2 9.1 13.6 8.4 10.8 10.3 8.0

Feb 12.6 17.2 19.7 15.9 8.8 13.7 8.0 12.4 11.1 7.6

Mar 14.1 22.9 26.4 21.1 10.3 8.7 7.5 15.2 13.3 7.6

Apr 14.7 22.1 22.2 22.1 9.7 14.5 7.7 14.7 13.4 7.5

May 13.4 19.3 13.6 22.6 9.6 13.7 7.0 13.4 13.4 7.2

Jun 12.7 17.8 9.5 22.6 9.4 13.7 6.2 12.5 13.0 6.7

Jul 12.1 17.3 6.8 22.8 8.9 13.5 5.5 11.8 12.7 6.1

Aug 10.5 12.8 1.1 19.1 8.3 13.7 6.6 9.9 11.5 6.6

Sep 9.3 10.6 1.1 15.4 7.4 13.6 5.7 8.5 9.8 6.0

Oct 8.7 9.9 2.6 13.6 7.0 13.2 4.9 7.8 8.8 5.3

Nov 8.1 8.8 3.0 11.9 6.7 11.3 5.5 7.4 8.2 5.6

Dec 7.0 6.4 -0.5 9.9 6.3 11.1 5.4 6.2 7.4 5.3

2012

Jan 5.6 3.4 -2.5 6.5 5.9 10.4 5.5 4.7 6.0 5.4

Feb 4.9 1.5 -3.4 4.4 6.1 10.3 5.4 0.9 5.3 5.5

Mar 3.2 -2.5 -6.1 0.1 5.1 12.3 5.0 1.7 3.2 5.51) For annual values: December on December, and for monthly values: current month over the same month a year earlier.

CPI excluding energy

CPI excluding energy and

unprocessed food

CPI excluding energy, food, alcohol and

tobacco

2) For annual values: average monthly rate of growth.

Unprocessed food

Annual rates, %1)

Consumer prices (CPI) -

total

Food and non-alcoholic

beverages

Processed food

Industrial goods excluding food

and energyEnergy Services


Table 27a

Consumer Prices (Growth rates in %)

117

11 12 13 14 15 16 17 18 19 200.9 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

2010

1.2 0.5 1.4 -0.1 0.1 5.1 1.0 0.5 0.3 0.5 Mar

0.6 0.6 1.3 0.2 0.6 0.9 0.1 0.5 0.3 0.4 Apr

1.5 2.8 8.0 0.0 0.5 1.2 0.7 1.6 0.4 0.6 May

0.4 0.1 -0.2 0.4 0.6 0.1 1.1 0.5 0.6 0.8 Jun

0.0 -1.2 -3.9 0.4 0.5 0.4 1.1 -0.1 0.6 0.8 Jul

1.4 2.6 3.1 2.3 1.2 0.3 0.4 1.6 1.3 0.5 Aug

1.3 2.0 0.2 3.0 1.0 0.4 1.0 1.4 1.7 1.0 Sep

1.0 1.4 1.4 1.3 0.9 0.5 0.7 1.1 1.0 0.9 Oct

1.5 2.2 3.6 1.5 0.6 2.6 0.3 1.3 0.8 0.6 Nov

0.3 0.1 -2.6 1.7 0.6 0.2 0.3 0.3 0.9 0.5 Dec

2011

1.4 1.9 1.5 2.1 1.7 0.7 0.4 1.5 1.5 0.4 Jan

1.5 3.1 4.8 2.2 0.3 0.6 0.6 1.6 1.1 0.4 Feb

2.6 5.3 7.1 4.4 1.4 0.5 0.6 3.0 2.3 0.4 Mar

1.1 0.0 -2.1 1.0 0.1 6.3 0.2 0.0 0.5 0.4 Apr

0.4 0.4 0.4 0.4 0.4 0.5 0.1 0.4 0.3 0.3 May

-0.3 -1.1 -3.9 0.3 0.4 0.1 0.3 -0.3 0.4 0.4 Jun

-0.5 -1.7 -6.3 0.6 0.0 0.2 0.4 -0.7 0.3 0.2 Jul

0.0 -1.3 -2.3 -0.8 0.5 0.4 1.4 -0.1 0.2 1.0 Aug

0.2 0.0 0.2 -0.1 0.2 0.4 0.2 0.1 0.1 0.3 Sep

0.4 0.7 2.9 -0.2 0.5 0.1 0.0 0.5 0.1 0.3 Oct

0.9 1.2 4.0 -0.1 0.4 1.0 0.9 0.9 0.3 0.8 Nov

-0.7 -2.0 -5.8 -0.2 0.2 0.0 0.2 -0.8 0.1 0.2 Dec

2012

0.1 -0.9 -0.6 -1.0 1.2 0.1 0.5 0.1 0.2 0.5 Jan

0.8 1.4 3.9 0.2 0.5 0.5 0.5 0.9 0.4 0.5 Feb

1.1 1.4 4.0 0.1 0.4 2.3 0.2 0.8 0.2 0.3 Mar

CPI excluding energy, food, alcohol and

tobacco

Consumer prices (CPI) -

total

Monthly rates, %2)

CPI excluding energy

CPI excluding energy and

unprocessed food

Processed food

Industrial goods excluding food

and energyEnergy Services

Food and non-alcoholic

beverages

Unprocessed food

March 2012

119March 2012

IV. Fiscal Sector

121March 2012

Table 28

Public Finance(In million dinars, end of period)

Republic of Serbia budget revenue Republic of Serbia budget expenditure Budget surplus / deficit

1 2 3

2003 261,914.7 304,805.8 -42,891.2 2003

2004 333,566.8 355,923.0 -22,356.3 2004

2005 418,455.1 391,606.9 26,848.2 2005

2006 499,106.0 468,804.8 30,301.2 2006

2007 580,390.0 567,715.1 12,674.9 2007

2008 653,055.1 701,405.5 -48,350.4 2008

2009 651,195.1 746,452.0 -95,256.9 2009

2010 712,225.9 812,474.6 -100,248.7 2010

2009 2009

Jan 51,751.3 52,446.9 -695.6 Jan

Feb 43,209.1 58,508.9 -15,299.8 Feb

Mar 58,001.0 62,603.8 -4,602.8 Mar

Apr 55,858.2 66,065.8 -10,207.6 Apr

May 55,673.6 65,805.3 -10,131.7 May

Jun 57,679.0 65,300.3 -7,621.3 Jun

Jul 66,139.9 74,129.7 -7,989.8 Jul

Aug 59,884.8 62,639.2 -2,754.4 Aug

Sep 57,172.0 69,153.4 -11,981.4 Sep

Oct 59,182.7 73,864.1 -14,681.4 Oct

Nov 69,061.4 65,906.9 3,154.5 Nov

Dec 78,612.9 96,050.3 -17,437.4 Dec

2011 2011

Jan 58,576.8 60,319.1 -1,189.9 Jan

Feb 51,594.9 68,310.4 -16,636.2 Feb

Mar 62,623.1 75,054.5 -8,437.8 Mar

Apr 56,105.2 75,792.1 -17,050.8 Apr

May 64,194.5 82,958.2 -4,383.9 May

Jun 58,148.7 82,687.5 -17,533.5 Jun

Jul 62,749.0 82,267.7 -16,459.0 Jul

Aug 61,334.5 73,354.1 -10,131.0 Aug

Sep 68,183.4 76,085.7 -2,889.1 Sep

Oct 63,528.4 78,311.2 -11,407.8 Oct

Nov 65,496.2 77,579.8 -11,091.2 Nov

Dec 72,214.8 90,000.2 -15,129.7 Dec

Source: Republic of Serbia Ministry of Finance.

122

Table 29

Net Government Position with the Banking Sector(In million dinars, end of period)

Dinar and

indexed

Foreign

currency

Total

(1+2)

Dinar and

indexed dinar

Foreign

currency

Total

(4+5)

Dinar and

indexed dinar

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

2010

Mar 11,295 3 11,298 64,151 59,251 123,402 -112,104 111,013 21,065 132,078

Apr 1,343 4 1,347 65,171 58,830 124,001 -122,654 127,045 23,151 150,196

May 1,344 4 1,348 58,585 56,254 114,839 -113,491 130,488 32,664 163,152

Jun 1,344 4 1,348 58,967 49,240 108,207 -106,859 138,044 33,299 171,343

Jul 1,350 4 1,354 52,368 50,080 102,448 -101,094 144,984 22,816 167,800

Aug 1,349 5 1,354 53,281 48,960 102,241 -100,887 151,128 22,828 173,956

Sep 1,348 5 1,353 51,304 52,017 103,321 -101,968 152,023 23,090 175,113

Oct 1,350 4 1,354 34,997 47,405 82,402 -81,047 145,461 23,404 168,865

Nov 1,351 5 1,356 37,260 49,424 86,684 -85,328 143,140 23,462 166,601

Dec 1,315 4 1,319 63,014 54,173 117,187 -115,868 165,535 45,235 210,770

2011

Jan 1,308 5 1,313 66,126 53,027 119,152 -117,839 164,358 44,890 209,248

Feb 1,314 5 1,319 70,209 81,637 151,847 -150,528 167,629 52,440 220,069

Mar 1,309 5 1,314 71,299 76,923 148,222 -146,908 160,792 53,576 214,368

Apr 1,314 5 1,319 55,939 101,583 157,522 -156,203 152,819 51,535 204,353

May 1,305 5 1,310 61,856 83,616 145,472 -144,162 148,648 48,628 197,276

Jun 1,306 5 1,311 68,917 77,296 146,213 -144,902 154,366 57,304 211,670

Jul 1,306 5 1,311 48,071 100,237 148,308 -146,997 141,330 69,982 211,312

Aug 1,310 5 1,314 41,705 86,623 128,328 -127,014 136,074 70,101 206,175

Sep 1,304 5 1,309 56,618 154,186 210,803 -209,494 150,099 70,453 220,553

Oct 1,306 5 1,310 51,325 157,954 209,280 -207,969 157,700 70,587 228,287

Nov 1,306 5 1,311 54,748 143,043 197,791 -196,479 156,090 71,898 227,988

Dec 1,270 5 1,275 58,180 99,498 157,677 -156,402 152,289 71,505 223,794

2012

Jan 1,263 5 1,269 59,372 98,191 157,563 -156,295 152,953 72,942 225,895

Feb 1,261 6 1,267 44,201 82,382 126,583 -125,316 163,838 72,346 236,184

Mar 1,268 6 1,273 69,330 77,982 147,312 -146,038 171,610 75,538 247,148

Net

(3-6)

Net position with banks

Government net position with the banking sector1)

Government deposits Credit to government

NOTES:

1) Includes local government.

A new Chart of Accounts for banks and other financial organizations adjusted to International Accounting Standards came into force on 1 July 2008.

Net position with the NBS

Credit to government


123

Dinar and

indexed dinar

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

2010

21,477 8,388 29,865 102,213 -9,891 Mar

19,087 9,546 28,633 121,563 -1,091 Apr

20,336 13,766 34,102 129,050 15,559 May

20,112 13,205 33,317 138,026 31,167 Jun

20,228 14,851 35,079 132,721 31,627 Jul

21,504 14,681 36,185 137,771 36,884 Aug

21,308 16,459 37,767 137,346 35,378 Sep

20,069 16,793 36,862 132,003 50,956 Oct

19,930 16,415 36,345 130,256 44,928 Nov

13,699 16,646 30,346 180,425 64,557 Dec

2011

16,579 15,977 32,556 176,692 58,853 Jan

17,719 15,530 33,249 186,820 36,292 Feb

17,879 15,819 33,698 180,670 33,762 Mar

18,759 15,318 34,077 170,276 14,074 Apr

19,983 16,761 36,744 160,532 16,370 May

19,176 15,652 34,828 176,841 31,939 Jun

18,622 15,952 34,574 176,739 29,741 Jul

18,260 15,716 33,976 172,198 45,184 Aug

18,561 15,483 34,044 186,509 -22,985 Sep

20,626 15,575 36,201 192,086 -15,883 Oct

20,683 17,114 37,797 190,191 -6,288 Nov

15,351 16,685 32,036 191,758 35,356 Dec

2012

18,687 16,103 34,791 191,104 34,810 Jan

19,880 17,428 37,307 198,877 73,561 Feb

20,179 17,511 37,690 209,457 63,419 Mar

Government net position with the banking sector1)

Net position with banks

Net

(10-13)

Total

(7+14)

Government deposits

March 2012

125

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.

I. Monetary Statistics

(Tables 1 to 13)

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) financial corporations, 2)

nonfinancial corporations (corporate sector), 3) public

sector, 4) households, and 5) nonprofit institutions

serving households (other clients).

Financial corporations include corporations

engaged in financial intermediation (banks, other

financial institutions, insurance companies and pension

funds). Banks include the NBS and other depository

institutions. Other financial institutions include savings

banks, savings and credit organizations, savings and

credit cooperatives, financial leasing companies,

Agency for Deposit Insurance, Belgrade Stock

Exchange, exchange offices and insurance and

reinsurance companies (at present, through banks only).

The corporate sector (enterprises) comprises public

enterprises and companies. Public enterprises are

founded by the state and perform activities in the public

interest. 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) also fall into this category.

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 (regional and

municipal budgets and funds). Data for the state union

show joint income and expenditures of the constituent

republics.

The households 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 – NPISHs) comprises legal entities

and natural persons registered for providing goods and

services for political and 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).

Data on claims and liabilities refer to the 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, 2, 4, 4a and 7 to 9)The above tables show data on the main monetary

aggregates: money supply and reserve money according

to the narrow and broad definitions.

The 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.

The money supply M2, in addition to M1, includes

other dinar deposits, both short- and long-term.

The 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 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

in net amounts. 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

127January 2012

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 liabilities of the NBS (Column 3) comprises

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 non-

residents.

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 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 23 and 24) 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 Balance Sheet

(Table 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 4a)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 5, 5a, 5b, 5c and 5d)Tables 5 and 5a show data on deposits of non-

monetary sectors with banks by maturity and sector.

Methodologically, they correspond to deposits from

Table 3.

In total dinar and FX household deposits,

entrepreneurs are recorded in separate columns.

Corporate deposits (Table 5b) and household

deposits (Table 5c) are shown under deposits hedged

against risk and FX receivables by currency structure.

Table 5d shows data on corporate deposits by

economic activity. Sectoral structure is aligned with the

Law on Classification of Activities and Register of

Classification Units.

Total dinar and FX deposits include deposits of

public enterprises and companies.

Bank Claims on Non-Monetary Sectors

(Tables 6, 6a, 6b, 6c, 6d, 6e and 6f )

Tables 6 and 6a show the maturity breakdown of

dinar and FX bank claims on public enterprises and

companies, households, local government, other

financial organisations and on non-profit and other

organisations. Short-term claims (Table 6) 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 6a)

are broken down into dinar (loans, securities and shares)

and FX claims. The last two columns of Table 6a show

provisioning against losses of enterprises and

households on both short- and long-term claims.

Bank claims on the corporate sector (Table 6b) and

households (Table 6c) are shown as risk hedged dinar

claims and FX claims by currency.

Bank claims on the corporate sector (Table 6d)

include total dinar and FX claims and are shown by

sector of economic activity pursuant to the Law on

Classification of Activities and Register of

Classification Units. In Tables 6b and 6d total bank

claims on the corporate sector are composed of claims

on public enterprises and claims on companies.

Tables 6e and 6f show bank claims on corporate and

household sectors by purpose of loans and other claims.

Household Savings

(Table10)

The table shows dinar and foreign currency

household savings by maturity. Short-term savings are

broken down into demand deposits and deposits termed

up to one month, three months, six months and one year,

128

while long-term savings are broken down into deposits

up to two and five years and deposits over five years.

Composition of Household Savings

(Table10a)

The table shows dinar and foreign currency

household savings by maturity. Short-term savings are

broken down into demand deposits and 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 and five years and deposits over five years.

Interest Rates of the NBS

(Table 11)

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.

Weighted Interest Rates on Loans by Type, Maturity andPurpose – Outstanding Amounts

(Table 12/1)

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.

Weighted Interest Rates on Loans by Type, Maturity andPurpose – Outstanding Amounts

(Table 12/2)

The table shows weighted average annual interest rates

on 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.

Weighted Interest Rates on Loans by Type, Maturity andPurpose – New Business

(Table 12a/1)

The table shows weighted average annual interest

rates on loans contracted 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.


129

Weighted Interest Rates on Loans by Type, Maturity andPurpose – New Business

(Table 12a/2)


rates on loans contracted 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.

Weighted Interest Rates on Deposits by Maturity –Outstanding Amounts

(Table 12b)


rates on all deposits (carrying amount of deposits) as at

the last day of the reporting month.

Weighted Interest Rates on Deposits by Maturity – NewBusiness

(Table 12c)


rates on deposits contracted during the reporting month.

Weighted Interest Rates on Loans by Currency –Outstanding Amounts

(Table 12d)

The table shows weighted annual interest rates on bank

loans (excluding revolving loans, current account

overdrafts and credit card debt) by currency for households

and the nonfinancial sector – outstanding amounts.

Weighted Interest Rates on Loans by Currency – NewBusiness

(Table 12e)

The table shows weighted interest rates on bank loans

by currency for households and the nonfinancial sector.

Weighted Interest Rates on Term Deposits by Currency– Outstanding Amounts

(Таble 12f)

The table shows weighted annual interest rates on term

deposits by currency for households and the nonfinancial

sector – outstanding amounts.

Weighted Interest Rates on Term Deposits by Currency– New Business

(Таble 12g)

The table shows weighted annual interest rates on bank

term deposits during the reporting month by currency for

households and the nonfinancial sector – new business.

Weighted Interest Rates Offered by Banks

(Tables 12h and 12i)

The table Weighted Interest Rates on Dinar Loans

shows weighted average annual interest rates at which

banks agree interest on loans disbursed in a particular

month.

Weighted average interest rates are calculated based

on data on the amount of approved loans and the interest

rate charged on those loans which banks submit to the

NBS on a monthly basis.

The table Weighted Interest Rates on Dinar Deposits

represents weighted average interest rates at which

banks calculate and pay interest on time and demand

deposits of households and legal entities.

Weighted average interest rates are calculated based

on data on interest rates on particular types of deposits

and the stock of deposits at the end of the month in

question, which banks forward monthly to the NBS.

As of September 2010, interest rate statistics is fully

aligned with the EU legislation. The NBS now uses the

methodology of the European Central Bank.

Securities Interest Rates

(Table 13)

The table shows weighted interest rates at auctions

organised by the National Bank of Serbia. The weight

used in calculating the average interest rate is the

purchase price of the securities sold. Weighted yield

rates on 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.

January 2012

II. INTERNATIONAL ECONOMIC RELATIONS

(Tables 14 to 20)

Balance of Payments of the Republic of Serbia

(Tables 14)

Balance of Payments is compiled by the NBS in line

with the methodology of the International Monetary

Fund. Data are obtained from the monthly

"Communication" on commodity exchange of the

Republic Statistical Office (RSO), statements of banks

and the NBS on international payment transactions

(ITRS - International Transactions Reporting System)

for non-commodity transactions, and NBS statements on

external credit and financial transactions. Balance of

payments data are expressed in EUR (in the Statistical

Bulletin) and USD (on the NBS website), and the

recalculation of the transaction value from original

currencies into the reporting currency is performed by

applying the NBS official middle exchange rates on the

transaction day.

The balance of payments is broken down into the

following sub-balances:

I. Current Account

Data on the value of exports of goods (item 1.1) and

imports of goods (item 1.2) are obtained from customs

declarations. Data on exports of goods according to the

f.o.b parity and imports of goods according to the c.i.f.

parity (costs of insurance and freight included) are

processed by the RSO.

Methodological discrepancies between the

processing of data for external trade statistics of the

RSO and balance of payments (Balance of Payments

Manual, IMF Fifth Edition, 1993 – BOPM5) require

adjustments, so data on exportsand imports of goods in

the Balance of Payments table (Table 14) are not

identical to the RSO data on commodity exchange

(Tables 15 and 16).

In line with the BOPM5 methodology, exports and

imports are disclosed in the balance of payments

according to the f.o.b parity. In the data obtained from

the RSO with exports shown according to f.o.b and

imports according to c.i.f, imports were corrected, i.e.

reduced by freight and insurance costs. The coefficient

determined by the RSO was used (3.1%) for the

correction of the classification. The correction of the

coverage of exports and imports excludes returned

goods and goods not included into commodity exchange

according to the balance of payments methodology. The


value of disclosed exports of goods was corrected

upward by the estimated undervaluation of exports in

customs declarations, observed by years.

Data on the value of exports of services (item 2.1)

and imports of services (item 2.2) are obtained from the

statistics of international payment transactions (ITRS)

performed through banks and the NBS, according to the

IMF methodology, and include: transport, tourism

(including health and education services), construction

services, insurance services, communication services,

financial services, computer and information technology

services, cultural and personal services, etc. The value

of the disclosed service exports was corrected upward

by the estimated undervaluation of the registered foreign

exchange inflow from services. As regards goods

transport services, expenditures are increased by

transport costs and costs of the insurance of goods

imported by non-residents. The estimate is made by

applying the f.o.b. parity on the value of imports of

goods instead of the c.i.f. parity.

The income account includes receipts (item 4.1) and

expenditure (item 4.2) for employees’ wages, interests

(on short-term and long-term credits and loans) and

income arising from investments recorded in

international payment transactions statistics 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

aid, taxes, aid and gifts of household and corporate

sectors and other current transfers (of the government

and of the household and corporate sectors).

Official aid is disclosed pursuant to the international

payment transactions statistics and “Communication“ of

the RSO.

II. Capital and Financial Account

Capital account (item A) is based on the recorded

international payment transactions and includes

inflows/outflows of migrants’ money through personal

transfers and acquisition/disposal of non-produced, non-

financial assets.

Financial account (item B) includes foreign direct

investments, portfolio investments, medium-term and

long-term credits, short-term credits approved to foreign

clients, short-term credits and deposits, banks and other

financial transactions.

Foreign direct investments – net (item 1), includes

foreign capital investments in domestic enterprises and

banks in the form of money, domestic capital

131

investments in foreign enterprises and banks, receipts

from sale of equity holdings in another enterprise, sale

and purchase of real estate in the country and/or abroad,

and investments in the form of commodities. Foreign

direct investment data are obtained from the

international payment transactions statistics and from

the“Communication“ of the RSO.

Portfolio investments – net (item 2) are shown

based on the international payment transactions

statistics. Portfolio investments include investments into

short-term and long-term securities which cannot be

classified as direct investments and which consist of: a)

investment into equity securities (investment into equity

capital of up to 10%), b) investment into debt securities

and c) investment into financial derivatives. Portfolio

investments are classified by sector in which investment

is made.

Medium term and long-term loans – net (item 3)

include data on actual disbursements and repayments of

the principal on foreign loans. This item includes

drawings and repayments under IMF credits and early

repayment of the principal and interests. Short-term

loans to foreign clients – net (item 4) include outflow for

loans approved to non-residents and repayments under

these loans. This includes only the principal. Short-term

loans and deposits – net (item 5) include loans with the

repayment period up to one year and short-term

commodity loans against current imports of oil and gas.

Other – net (item 6) includes data from international

payment transactions statistics and data from foreign

currency positions of banks (bank reports submitted to

the National Bank of Serbia) under: advance payments

with respect to exports and imports of goods, loro

cheques, increase in new foreign currency savings

(excluding the effect of cross-currency changes for the

period 2001-2006), payment of obligations to citizens

against frozen foreign currency savings, etc.

Banks – net (item 7) includes changes in foreign

exchange reserves of banks authorized to engage in

external operations, excluding the effect of cross - -

currency changes (for the period 2001-2006). III. Errors

and Omissions – net, in the period 1997-2000, includes

short-term commercial loans, cross-currency changes

and standard errors and omissions, and in the period

2001-2006, short-term commercial loans and actual

errors and omissions.

V. Changes in NBS foreign exchange reserves show

changes during the period observed under NBS claims

on accounts abroad, foreign securities, monetary gold,

special drawing rights and foreign cash, excluding the

effects of cross-currency changes (balance sheet data on

foreign exchange reserves in NBS books).

Balance of Payments of the Republic of Serbia

(Tables 14a)

The Balance of Payments of the Republic of Serbia

is a systematic presentation of the value of foreign

economic transactions of Serbian residents over a

specific period of time.

In accordance with the Law on the National Bank of

Serbia, the Law on Official Statistics, the Law on

Foreign Exchange Operations and other regulations in

the area of foreign exchange operations, the National

Bank of Serbia is tasked with the compilation of the

balance of payments and monitoring of its execution.

The balance of payments is compiled using the

IMF's methodology (Balance of Payments Manual, Fifth

edition, IMF, 1993). Data are published on a monthly

basis, in EUR million (in the Statistical Bulletin) and in

USD million (on the NBS website). 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 on the

transaction date.

The main data sources for the balance of payments

are as follows:

- Foreign trade statistics “Communication” issued

by the RSO ;

- Reports on international payment transactions

(PPI) of banks and the NBS;

- Reports on the NBS credit-financial transactions;

- USSPO reports submitted by banks;

- NBS reports on changes in its foreign exchange

reserves and foreign exchange reserves of banks and

reports on the balance of foreign currency savings of

households.

BoP is broken down into the following sub-

accounts:

I. Current Account

Goods

Data on the value of export and import of goods are

obtained from customs declarations. In compliance with

the methodology for recording foreign trade

transactions, the Statistical Office1 publishes data on

export of goods according to the f.o.b. parity and import

of goods according to the c.i.f. parity (costs of insurance

and freight included). Tables 15 and 16 are compiled

based on data provided by the Statistical Office.1

January 2012

1 The Statistical Office applies both national and international

regulations.

As the National Bank of Serbia performs data

adjustment, in line with the IMF's recommendations on

recording the flow of goods in the balance of payments,

data on the export and import of goods (items 1.1. and

1.2) in the BoP table (Table 14a) are not identical to data

on commodity exchange provided by the Statistical

Office (Tables 15 and 16). As provided by the BPM5,

export and import of goods are adjusted:

- on grounds of coverage, by the value of goods

purchased/sold abroad, returned goods, sample goods

and purchase made by natural persons for personal

needs;

- on grounds of classification, by applying the free

on board concept (f.o.b.) and excluding the costs of

transport and insurance from data on the import of goods

provided by the Statistical Office. The value of transport

and insurance is classified under the value of services,

and not under the value of goods.

Services

Data on the export (item 2.1) and import of services

(item 2.2) are obtained from statistics on international

payments transactions (ITRS - International Transaction

Reporting System), performed through banks and the

National Bank of Serbia. They include the following:

1) Travel (including services relating to healthcare

and education). Data on unregistered inflow and outflow

in respect of travel are estimated based on statistical

communications of the Statistical Office on the number

and overnight stays of foreign tourists, survey on the

number and overnight stays of residents abroad and data

on the number of nonresident pupils and students, data

of the Ministry for Foreign Affairs on the number of

diplomatic-consular and other representative offices in

the country and number of employed nonresidents, data

of the Ministry of the Interior, as well as an estimate of

visits made by nonresidents- our workers abroad.

2) Transport is divided by form of transport (air, sea,

railway, road, inland waterway, other) and type of

services provided (freight, passenger, other). Adjustment

is made for transport outflow (freight transport) for the

c.i.f./f.o.b. difference, relating to transport services

provided by nonresidents.

3) Other services include construction services,

insurance services, communications services, financial

services, computer and information services, cultural

and personal services, etc.

4) Income

The income account (items 4.1 and 4.2) includes

four main groups: 1) Compensation of employees; 2)

Income from FDI; 3) Income from portfolio investment

and 4) other investment (interest on short- and long-term


credit). The source of data here is ITRS. Income from

foreign direct investment includes reinvested earnings -

obtained by processing reporting forms that the banks

submit directly to the NBS.

5) Current transfers

The definition of current transfers is adjusted to the

BPM5. Defining current transfers with the help of

transaction codes specified in bank reports enabled us to

make a clear line between current and capital transfers.

Current transfers are classified into Government sector

and Other sectors. Data for both sectors are derived from

ITRS. Taxes, subsidies, official grants, social

contributions, other taxes, pensions, grants and gifts are

included in both sectors, the only difference being that

the Government sector also comprises data on aid in

kind (source: Statistical Office). Other sectors also

include data on private remittances, as well as foreign

exchange inflow and outflow in respect of payment

transactions with Kosovo and Metohija. Data on

remittances are increased by the amount of non-

registered remittances, estimated based on data on net

inflow from exchange transactions and new foreign

currency savings.

II. Capital Transactions

Capital account (items 1 and 2) is based on ITRS and

includes inflow/outflow of money through personal

transfers by migrants as well as acquisition/disposal of

non-produced, non-financial assets. When it becomes

possible to single out capital transfers from data on

exports and imports as provided by the RSO, such data

will also comprise transfers of title on property, i.e.

transfers of conditional financial assistance not intended

to increase personal consumption (for example transfer of

fixed assets to finance infrastructure) when there is no

purchase/sale on the counterposition. In addition, it will

also comprise debt relief by foreign creditors (as past due

obligations on current debt).

III. Financial Transactions

Direct Investment (items 1.1 and 1.2) comprises

foreign capital investment in domestic enterprises and

banks, domestic capital investment in foreign enterprises

and banks, collections from sale of equity holdings in

another enterprise, purchase and sale of real estate at

home and abroad (based on ITRS and direct reports by

enterprises – forms DI-1 and DI-2) and investment in

commodities (based on data from "Communications" of

the RSO). Foreign direct investments assume purchase of

at least 10% share in capital stock by residents abroad or

by non-residents in Serbia. Foreign direct investment also

133January 2012

includes reinvested earnings and other capital. Direct

investments are classified by sector.

Data on portfolio investment (items 2.1 and 2.2) are

obtained from ITRS and direct reporting form HoV.

Portfolio investment includes all investment in short- and

long-term securities which cannot be classified as direct

investment and include investment in: a) equity securities

(providing under 10% of ownership), b) debt securities,

and c) financial derivatives. Portfolio investments are

classified by sector.

Other Investment (items 3.1 and 3.2)

Trade Credits (granted to and received from abroad)

represent the difference between physical exchange of

goods expressed in value terms and collections received

and payments made on that account. If the physical

volume of exports of goods (customs declaration) is

higher than collections under exports of goods, the

difference is recorded as credits granted (assets). If the

physical volume of imports of goods exceeds payments

for imports, the difference is recorded as credits received

from abroad (liabilities).

Financial loans comprise short- and long-term credits

granted to foreign countries (assets) and disbursements of

foreign credits (liabilities) by sector. Short term credits

include credits with the repayment period up to one year.

Long-term credits include disbursements and repayments

of the principal of credits with repayment periods

exceeding one year. Past due or early repayments of the

principal and interest are recorded on the liabilities side

under "Other liabilities".

Currency and deposits: data relate to changes in

foreign currency assets and liabilities of banks. The data

source are monthly reports submitted by banks –USSPO

form and ITRS. Cross-currency changes are excluded.

Reserve Assets (item 4)

Reserve Assets include changes in foreign exchange

reserves of the National Bank of Serbia during the period

observed and include NBS claims on accounts of foreign

banks, foreign securities, monetary gold, special drawing

rights and foreign currency and deposits. Cross-currency

changes and changes in prices of gold and securities are

excluded.

Merchandise Export and Import

(Tables 15 and 16)Data for detailed tables on Serbia's international

trade in goods were derived from the Single Customs

Documents (SCD)2 , processed and published by the

RSO and applying the UN3 methodology.

Export value is expressed in f.o.b. terms (free on

board), whereas imports is expressed in c.i.f. terms

(cost, insurance, freight).

As of 1 January 2004, trade in goods includes

financial leasing, reexport and returned goods.

As of 1 January 2010, the RSO introduced the

general trade system, which includes all goods entering

or exiting the country’s economic territory. It excludes

goods in transit or temporary exports/imports of goods

(goods exhibited at fairs, samples etc.) Under the

general trade system, goods are imported from/exported

to:

а) free circulation area, premises for inward

processing or industrial free zones, and

б) customs warehousing facilities.

According to customs regulations, while in customs

warehouse goods need not be classified by customs

tariff, which is why the classification by destination

includes the category of goods unclassified by

destination.

As of 1 January 2010, a new revised Standard

International Trade Classification – SITC Rev. 4 is used.

Goods in Warehouses in Respect of Which no Customs

Tariff is Specified are classified in the existing section 9

– products and transactions n.e.s, section of unclassified

goods including military goods and spare parts for motor

vehicles and aircrafts being imported/exported along

with fixed assets.

The RSO published comparable data under the new

classifications for 2005 and 2006. Data are published

according to the new methodology and classification as

of January 2007.

Bank foreign liabilities

(Table 17)

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.

2 The Customs Law (RS Official Gazette, No 18/2010). 3 International Merchandise Trade Statistics – Concepts and

Definitions 2010; (UN, 2011)

Foreign Exchange Reserves

(Table 18)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 maintained with

foreign banks 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.

Foreign Exchange Market

(Table 19)1. Fixing session of the Interbank Foreign Exchange

Market (IFEM)

Fixing session of the IFEM (Column 1) shows, from

2002 onward, the sum of sales and purchases of euros in

trade between commercial banks and the NBS as well as

among banks themselves. Only euros are sold and

purchased at fixing sessions of the IFEM.

Column 1 for the 1997-2001 period shows the sum

of sales and purchases of foreign exchange in trade

between the NBS and commercial banks at the IFEM.

The data source for the 1997-2000 period is the

Yugoslav Bankers Association.

2. Sale and purchase outside the IFEM fixing

session Bank- to- bank (Column 2) shows the value of

sale and purchase of foreign currency in direct trading

between banks applying the “once counted” principle,

i.e. showing only sales in order to avoid duplication

since the same amount is recorded as sale for one bank

and as purchase for the other.

Bank – NBS (Column 3) shows the sum of the value

of foreign exchange purchased by banks from the NBS

and the value of foreign exchange sold to banks by the

NBS.

Bank – residents and nonresidents (Column 4)

shows the sum of foreign currency sold and purchased

by banks mainly from residents.

134

The data in Columns 2, 3 and 4 for the 1997-2001

period are not available.

3. Exchange transactions

Banks (Column 5) shows the sum of sales and

purchases of foreign currency by banks through

exchange transactions. For the 1997-2000 period, data

are shown in net terms.

The NBS (Column 6) shows the sum of sales and

purchases of foreign currency cash by the NBS through

exchange transactions. For the 1997-2000 period data

relate to the NBS purchases of foreign currency cash in

accordance with special decisions.

Serbia's External Debt

(Table 20 and 20a)The outstanding external debt of Serbia includes

liabilities of residents (principal plus regular and default

interest) under loans and term deposits and bank lines of

credit with the maturity up to one year. The outstanding

debt amount also includes the debt of the Kosovo and

Metohija province under loan agreements concluded

before the arrival of the KFOR Mission in 1999. This

debt is expressed in EUR million at the NBS middle

exchange rate at the end of the period observed.

The debt structure in Table 20 is shown by

international, public and private creditors:

1. International financial organizations (IMF, World

Bank, European Bank for Reconstruction and

Development, EIB, EUROFIMA, etc.);

2. Foreign governments and government agencies,

showing separately debt towards the Paris Club

creditors, foreign governments and development banks

founded by foreign states;

3. Banks within the London Club creditors;

4. Government securities debt (eurobonds) issued in

the international financial market;

5. Other creditors (other commercial banks,

financial organizations and suppliers).

The debt structure in Table 20a is shown by debtor,

i.e. sector:

1. Public sector external debt covers government

debt and government-guaranteed debt, debt of the

National Bank of Serbia, and debt of the local

government and government agencies and funds; The

obligations of the NBS and the Republic of Serbia

toward the IMF are shown separately;

2. Private sector external debt covers

nongovernment guaranteed debt of banks and

enterprises.

Outstanding debt is also shown by maturity with the

short-term debt defined as the debt with the maturity up

to one year, and the long term debt with the maturity

over one year.


135January 2012

Exchange Rates Movements

(Table 21)Individual exchange rates represent the official

middle exchange rates of foreign currencies against the

dinar valid at end of the period shown.

Index of the nominal effective exchange rate of the

dinar is the weighted sum of RSD/EUR and RSD/USD

exchange rates indices at the end of the given period,

relative to the end of the previous year.

Index of the real effective exchange rate of the dinar

is the index of its nominal effective exchange rate

adjusted for the ratio of domestic consumer price index

to the weighted sum of indices of consumer prices in the

euro area and US, relative to the previous year.

The value of the weight is a function of the share of

individual currencies in the country's overall foreign

exchange inflow and outflow and is subject to periodical

revision. Current weighting rates for EUR and USD are

0.8 and 0.2, respectivelly.

The index below 100 implies a depreciation of the

effective exchange rate of the dinar (nominal and real)

while the value of the index above 100 points to

appreciation.

III. REAL SECTOR

(Tables 22 to 27)

Gross Domestic Product (GDP)

(Table 22)As of 30 June 2005, gross domestic product of the

Republic of Serbia is calculated and published on a

quarterly basis by the RSO. 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 23)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, steam and air conditioning supply.

Stocks of finished goods in industry are taken as

end-month balance.

Construction and Transport

(Table 24)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 25)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 26)Total employment figures are based on RSO

monthly reports on payrolls of enterprises, institutions,

cooperatives and organizations (RAD-1). Covered are

temporarily and permanently employed and those

working part time. Included in total employment are also

enterpreneurs (self-employed persons). Employment

data are compiled in March and September, while

estimates for other months are based on interpolations

and extrapolations. Total unemployment comprises

unemployed people as registered with the National

Employment Agency.

Data on gross and net wages are derived from the

monthly statistical survey (RAD-1). The average wage

of employees in companies, enterprises, institututions,

cooperatives and other organisations (legal entities) and

persons employed with enterpreneurs in all forms of

ownership includes average wage of temporarily and

permanently employed people, regardless of whether

they work full or part-time.

Data on wages of employees with enterpreneurs are

taken from the Tax Administration records since January

2009. Unit labour costs in industry represent a ratio of

real gross wages to labour productivity in industry. Real

gross wages in industry are nominal gross wages

deflated by the index of industrial producer prices.

Labour productivity in industry is calculated as a ratio of

the physical volume of industrial production to the

number of persons employed in industry. The source of

data is the RSO.

Producer Prices

(Table 27)Industrial producer prices are prices at which

industrial producers sell their products to buyers in

domestic market, in largest quantities, loaded free on rail

or truck where the producer is located, or the prices

based on which the producer deals with other producers

or trade companies. These prices include producer

subsidies, but deduct commercial rebates, discounts,

cash discounts and similar reductions offered by the

seller. The list includes more than a thousand products

from 29 areas of industrial production. Since the

research methodology is based on the principle of

representativeness, prices are monitored primarily in

producers with largest production and sale of selected

products.

Agricultural and fishing producer prices are those at

which agricultural companies and organisations sell

their products in 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 with greatest share in

purchase of agricultural and fishing products from

private farms and sale of agricultural and fishing

products produced by agricultural companies,

cooperatives and other agricultural producers.

Consumer Prices

(Table 27a)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 28 and 29)

Public Finance

(Table 28)Data on revenue and expenditures of the budget

of the Republic of Serbia were provided by the

Treasury of the Republic of Serbia, pursuant to the

Government Finance Statistics Methodology set by

the International Monetary Fund. Budget

surplus/deficit represents the difference between

total current revenue and revenue from sale of

nonfinancial assets, and the total amount of current

payments and expenditure for the purchase of

nonfinancial assets.

Government Net Position with the Banking System

(Table 29)Net government position with the banking system is

its net position with the National Bank of Serbia and

banks, as explained in tables 2 and 3. For the sake of

complete presentation of the public sector, local

government bodies have also been included.

137January 2012

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