Greek banks are reliable, Serbian Central Bank governor says

Greek banks are reliable, Serbian Central Bank governor says

Belgrade, July 7, 2015/ Independent Balkan News Agency

By Milos Mitrovic

The deposits in Greek banks in Serbia are safe and the worst scenario is not at the table, Central Bank governor Jorgovanka Tabakovic said today. “When we say that these banks are well capitalized and liquid this means that deposits are safe”, Tabakovic said in the interview for television B92.

Ms Tabakovic added that such development was not unexpected. “As early as two weeks ago we have taken measures in order to avoid problems considering the payments of the money and cash”, governor underlined.

She added that there was not even “one single saver to queue for payment for his savings from any Greek bank”. There are four Greek banks in Serbia.

On the other hand, Tabakovic said that some citizens have insisted to withdraw their savings in British pounds. “Although we don’t have many businesses in this currency, we have managed to provide these payments without any kind of chaos”.

Some savers have been concerned considering the possibility to make withdrawals, but there were no “alarming cases” nor too many withdrawal demands that could make Central Bank to react accordingly or limit the payments, she explained.

“At the same time, the government guarantee deposits up to 50,000 Euros: but this worst scenario was not at the table at all”, the governor emphasized.

The citizens could make sure themselves that the “tremblings” is not caused from psychological reasons and that there are no problems in Serbia. “Greek banks are reliable, legal entities which operate in accordance with Serbian laws; they have been capitalized well”, Central Bank head insisted.

Tabakovic recalled that Central Bank has provided special accounts for Greek banks and that it monitors their transactions. “We are not preventing (payments), but we follow transactions in order to avoid unfounded payments to their mother banks”.

She described monitoring over Greek banks as “strict”.