In 2017, the IFC and the European Committee of Central Balance Sheet Data Offices (ECCBSO) published a report which highlights the usefulness of firms’ individual financial statements (IFC 2017a). The report shows that the coverage of firm-level balance sheet information has improved. Yet, comparing data across different jurisdictions, and matching balance sheet data with other statistics, remains challenging.
Serbia is a country – and more generally the Western Balkans is a region – whose financial sector is deeply intertwined with that of Europe and more specifically of the euro area: we therefore share the same concerns for the stability of our banks.