We have also ensured conditions to attract a record high level of FDIs, worth EUR 4.4 bn last year, i.e. 7.1% of GDP. Stability and resilience of the domestic banking sector Ladies and gentlemen, I began my address with the macroeconomic environment in which banks in Serbia operate as trends in the financial industry always depend on real sector developments, and vice versa.
Good regulations and efficient supervision of financial institutions are also important. While some countries have a complicated supervision system and a huge problem of coordination among different supervisors, the banking sector supervisory function in Serbia is exercised by a single institution – the National Bank of Serbia.