It accepts deposits for the purpose of making loans to the borrowers as also facilitates payments as part of the country’s payment and settlement systems. The banking industry has, however, undergone a lot of transformation over the last three decades. The banks have become a virtual marketplace offering among others, various non-banking financial products and services to the customers.
In total, in respect of both these factors, the income statement of the corporate sector improved by RSD 203.4 bln in 2016 relative to 2014. Given that the corporate sector has interest-bearing receivables, calculating positive exchange rate differences on FX receivables, the effect of savings in these two items on the profitability of the corporate sector equals RSD 148.4 bln in this period.