The National Bank of Serbia (NBS ) has called on the banks, ahead of the upcoming World Savings Day (31 October ) , to avoid market behavior that could cause risks to liquidity and stability of the financial system.

It is a fact that for years , banks in Savings Week , which begins on 31 October ,and lasts for seven days ,are competing for the  foreign currencies of the  citizens by offering high interest savings  which went up to nine per cent per annum for foreign currency deposits of perennial deposit. This automatically means that  interest on loans they can not be lower than this amount, which comes to citizens back like a boomerang.

” In the past year, interest rates on deposits in euros in Serbia are reduced and their level is closer to rates that are available for savings in the neighboring countries , but they are still higher than in the region”, it was said in the statement.

As an example , it is stated that the average interest rate on term deposits in euros for a period of one year ,in August last year in Serbia ,amounted to 4.3 per cent,and  in the same month this year, 2.7 percent .

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In the same period last year in BIH  such rates were 2.6  that is 2.3 per cent in August this year , in Romania, 3.4  that is 2.5 per cent, in Hungary, with 2.5 and 1.5 percent.

“The goal of this year’s appeal of  NBS  it is not not achievement of  the minimum interest rate on savings deposits , but their adaptation to the real possibilities  by the banks,” says the NBS.