November 1, 2018 - An investor from Russia is interested in Hipotekarna Bank, but there is also an interest from Israel, said Central Bank Governor Radoje Zugic, stressing that he will soon know what was decided on this issue.
He said that it does not matter how much someone is paying for the bank, but to protect all current assets through the resources of a potential investor.
"There is interest, but it must have two conditions - investor reputations and adequate exports of clean money and enough cash flow to provide huge deposits that we have from a sufficient source of funds of potential investors," said Žugić at a press conference organized for the occasion of “Week of Saving”.
CBMN, he added, performs daily monitoring of two banks due to the deterioration of liquidity and solvency parameters, and will try to recover them. Although these banks are not systemically important, they will only get specific information about whether there is a risk that some of them will go bankrupt.
"The Deposit Protection Fund has enough coverage. If the worst-case scenario takes place, and I hope that it will not, there will be no problem paying off all guaranteed deposits," said Zugic.
Commenting on interest rates, the governor said that leaders of the commercial banks are demanding that they are not transparent.
"CBMN has decided to transparently display each bank at interest rate levels in order to have a clear client relation in the level of interest rates," Zugic said.
Text by Dnevne novine on November 1st, 2018, read more at CdM
