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Serbia: First License Withdrawal of Private Bank

Published: February 3, 2014; 13:49 · (Vindobona)

For the first time in the Serbian history, a privately held bank loses its license.

Serbia: First License Withdrawal of Private Bank / Picture: © Vindobona.org

At its meeting today, the Executive Board of the National Bank of Serbia (NBS) decided to delicense Univerzal banka a.d. Beograd and to appoint the Deposit Insurance Agency its administrator. For the first time, the NBS has forced closing down a private bank. In the past years, three state-held banks were closed.

The Executive Board stated that this move was preceded by a number…

This article includes a total of 249 words.

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