Banking and bank accounts

Serbian banking system in general

The National bank of Serbia is the central bank of the country. Founded in 1884, the NBS aims to achieve and maintain price stability, as well as it formulates and implements monetary policies.
NBS also manages foreign exchange services and supervises financial institutions and banks in Serbia.

Serbian banking system has lots of benefits, due to the fact that Serbia is located at the crossroads of Western Europe, Turkey and far on to the Middle East.
At the end of March 2018, the Serbian banking sector numbered 29 banks, and this hasn’t changed since the end of 2017. The organisational network consisted of 1,633 business units and employed a total of 23,095 persons. Banks could be divided in seven groups Local, EU, Russian, America, Turkish, Dubai and one Chinese bank. This gives us a freedom of choice and it guaranties good conditions due to the competition on the banking market.

t is not widely known that after the collapse of Yugoslavia, its main successor Serbia, paid up all saving deposits in foreign currency to the banks owed by the government.
This unique act was not recorded anywhere in old Eastern Bloc

Since Yugoslavia was one of the leaders in the area of international trade, many bankers obtained practical knowledge in banking trade operations between Eastern and Western worlds.
Commercial operations are the main business of banks in Serbia and those clients are highly welcomed.
The best thing is that you get premium service for a fee that is less than in most banks located in European Union.

State deposit insurance agency:

“The deposit insurance system provides a guarantee that every depositor shall get a compensation for its total amount in RSD and/or foreign currencies (upon request) held in a savings deposit, current account and other bank accounts up to EUR 50,000 (insured amount: coverage level), regardless of the number of accounts of the individual depositor in a particular bank”