In 2017, net interest income improved for some intermediaries, while fee income, supported by the asset management business, increased more broadly. Profitability is also well below estimates of the cost of equity for most banks. Despite the differences across banks and jurisdictions – in Spain, for example, the gap is relatively smaller than elsewhere – the problem extends across Europe.
Signing the Protocol today among the parties mentioned above marks a beginning of the realization of the “Needs Analysis for the National Bank of Serbia” project aimed to identify the gap that the National Bank of Serbia needs to cover in order to meet the standards of European System of Central Banks.