It is the crisis period that shows best that bankcentric systems – elsewhere and in Europe, but more poignantly in Serbia where banks account for over 90% of the financial sector – face significant challenges, such as: a) how to refinance loans due for repayment, b) how to obtain fresh capital in the market, and c) how to preserve public trust in the banking system.
Of course, one should also think in terms of catering for the needs of our clients since a bank is not an end in itself but represents a transmission mechanism between those who save and those who need the money. Inefficacy of the banking sector necessarily affects the overall economy, and bank debtors are no exception.