Video recordings, presentations, tables and charts from previous issues

Annual Financial Stability Report for 2022

Press release about the publication of the Annual Financial Stability Report for 2022

Text boxes:

• Text box 1: Impact of interest rate changes on household debt
• Text box 2: Effects of the Ukraine conflict on the banking sectors of the EU and Serbia
• Text box 3: ECB 2022 climate risk stress tests – how well prepared are euro area banks for green transition?
• Text box 4: Central bank digital currencies and the digital euro project
• Text box 5: Residential real estate valuation in 2022
• Text box 6: Macroprudential policy and the real estate market
• Text box 7: Banking sector concentration and financial stability

Tables and charts (XLS):

• Overview
• I.1 International environment
• I.2 Domestic macroeconomic environment
• I.3 Foreign exchange reserves as insurance against shocks
• I.4 Fiscal policy, public and external debt
• I.5 Corporate sector
• I.6 Household sector
• II.1 Banking sector
• II.2 Macroprudential stress testing
• II.3 Non-bank financial sector
• III.1 Money market
• III.2 Securities market
• III.3 Financial infrastructure
• III.4 Real estate market
• IV.2 Financial soundness indicators
• Text box 1: Text box 1: Impact of interest rate changes on household debt
• Text box 5: Residential real estate valuation in 2022
• Text box 6: Macroprudential policy and the real estate market
• Text box 7: Banking sector concentration and financial stability

Annual Financial Stability Report for 2021

Press release about the publication of the Annual Financial Stability Report for 2021

Text boxes:

• Text box 1: Role of financial stability in the ECB’s new monetary policy strategy
• Text box 2: ECB macroprudential stress tests of the euro area banking system amid the coronavirus pandemic
• Text box 3: Novelties in capital market development
• Text box 4: Development of fintech and regulation of digital assets in the Republic of Serbia
• Text box 5: Residential real estate valuation in 2021
• Text box 6: Regulatory innovations relating to capital buffers introduced by CRD V
• Text box 7: ECB climate risk stress test

Tables and charts (XLS):

• Overview
• I.1 International environment
• I.2 Domestic macroeconomic environment
• I.3 Foreign exchange reserves as insurance against shocks
• I.4 Fiscal policy, public and external debt
• I.5 Corporate sector
• I.6 Household sector
• II.1 Banking sector
• II.2 Macroprudential stress testing
• II.3 Non-bank financial sector
• III.1 Money market
• III.2 Securities market
• III.3 Financial infrastructure
• III.4 Real estate market
• IV.2 Financial soundness indicators
• Text box 5: Residential real estate valuation in 2021

Annual Financial Stability Report for 2020

Press release about the publication of the Annual Financial Stability Report for 2020

Text boxes:

• Text box 1: ECB response to the coronavirus pandemic
• Text Box 2: Macroprudential measures for alleviating the coronavirus impact in Serbia
• Text box 3: Effects of moratorium on financial stability
• Text box 4: Transition towards a green economy
• Text box 5: Cyber risk from the financial stability perspective
• Text box 6: Residential real estate valuation in 2020
• Text box 7: Role of capital buffers during the coronavirus crisis
• Text box 8: Analysis of financial soundness indicators for Serbia and the region

Tables and charts (XLS):

• Overview
• I.1 International environment
• I.2 Domestic macroeconomic environment
• I.3 Foreign exchange reserves as insurance against shocks
• I.4 Fiscal policy and sustainability of public and external debt
• I.5 Corporate sector
• I.6 Household sector
• II.1 Banking sector
• II.2 Macroprudential stress testing
• II.3 Non-bank financial sector
• III.1 Money market
• III.2 Securities market
• III.3 Financial infrastructure
• III.4 Real estate market
• IV.2 Financial soundness indicators
• Text Box 2: Macroprudential measures for alleviating the coronavirus impact in Serbia
• Text box 4: Transition towards a green economy
• Text box 6: Residential real estate valuation in 2020
• Text box 7: Role of capital buffers during the coronavirus crisis
• Text box 8: Analysis of financial soundness indicators for Serbia and the region

Annual Financial Stability Report for 2019

Press release about the publication of the Annual Financial Stability Report for 2019

Text boxes:

• Text box 1: Macroprudential policy in the aftermath of the financial crisis
• Text box 2: Impact of the pandemic on financial stability
• Text box 3: Characteristics of the credit cycle in Serbia and role of the countercyclical capital buffer
• Text box 4: Development of instant payments in the Republic of Serbia as impetus to cashless payments
• Text box 5: Residential real estate valuation
• Text box 6: Improving the regulatory framework – Capital Requirements Directive V
• Text box 7: Importance of foreign banks in provision of credit to emerging market borrowers – example of Serbia

Tables and charts (XLS):

• Overview
• I.1 International environment
• I.2 Domestic macroeconomic environment
• I.3 Foreign exchange reserves as insurance against shocks
• I.4 Fiscal policy and sustainability of public and external debt
• I.5 Corporate sector
• I.6 Household sector
• II.1 Banking sector
• II.2 Macroprudential stress testing
• II.3 Non-bank financial sector
• III.1 Money market
• III.2 Securities market
• III.3 Financial infrastructure
• III.4 Real estate market
• IV.1 Regulatory framework as support to financial stability
• IV.2 Financial soundness indicators
• Text box 1: Macroprudential policy in the aftermath of the financial crisis
• Text box 3: Characteristics of the credit cycle in Serbia and role of the countercyclical capital buffer
• Text box 5: Residential real estate valuation
• Text box 7: Importance of foreign banks in provision of credit to emerging market borrowers – example of Serbia

Annual Financial Stability Report for 2018

Presentation of the Annual Financial Stability Report for 2018

Speech by NBS Governor Jorgovanka Tabaković at the Presentation of the Annual Financial Stability Report for 2018

Text boxes:

Text box 1: Ten years after the global financial crisis
Text box 2: Climate change as a challenge to financial stability
Text box 3: Results of the 2018 EU-wide stress tests
Text box 4: New payment system in the Republic of Serbia – Instant Payments Serbia
Text box 5: Real estate valuations in 2018
Text box 6: Financial innovations and cyber security
Text box 7: Impact assessment of capital-based macroprudential measures on credit and economic

Tables and charts (XLS):

• Overview
• I.1 International environment
• I.2 Domestic macroeconomic environment
• I.3 Foreign exchange reserves as insurance against shocks
• I.4 Fiscal policy and sustainability of public and external debt
• I.5 Corporate sector
• I.6 Household sector
• II.1 Banking sector
• II.2 Macroprudential stress testing
• II.3 Non-bank financial sector
• III.1 Money market
• III.2 Securities market
• III.3 Financial infrastructure
• III.4 Real estate market
• IV.1 Regulatory framework as support to financial stability
• IV.2 Financial soundness indicators
• Text box 3 - Results of the 2018 EU-wide stress tests
• Text box 5 - Real estate valuations in 2018
• Text box 7 - Impact assessment of capital-based macroprudential measures on credit and economic

Annual Financial Stability Report for 2017

Presentation of the Annual Financial Stability Report for 2017

Speech by NBS Governor Jorgovanka Tabaković at the Presentation of the Annual Financial Stability Report for 2017

Speech by NBS Vice Governor Diana Dragutinović at the Presentation of the Annual Financial Stability Report for 2017

Text boxes:

Text box 1: Countercyclical capital buffer
Text box 2: Systemic risk buffer
Text box 3: NPL determinants
Text box 4: Еffect of macroprudential stress tests scenario assumptions on capital buffers
Text box 5: Development of FinTech and impact on financial stability
Text box 6: National DinaCard system
Text box 7: Assessment of effects of activities envisaged by the NPL Resolution Strategy

Tables and charts (XLS):

• Overview
• I.1 International environment
• I.2 Domestic macroeconomic environment
• I.3 Foreign exchange reserves as insurance against shocks
• I.4 Fiscal policy and sustainability of public and external debt
• I.5 Corporate sector
• I.6 Household sector
• II.1 Banking sector
• II.2 Macroprudential stress testing
• II.3 Non-bank financial sector
• III.1 Money market
• III.2 Securities market
• III.3 Financial infrastructure
• III.4 Real estate market
• IV.1 Regulatory framework as support to financial stability
• IV.2 Financial soundness indicators
• Text box 1 -  Countercyclical capital buffer
• Text box 2 - Systemic risk buffer
• Text box 3 - NPL determinants
• Text box 4 - Еffect of macroprudential stress tests scenario assumptions on capital buffers
• Text box 7 - Assessment of effects of activities envisaged by the NPL Resolution Strategy

Annual Financial Stability Report for 2016

Presentation of the Annual Financial Stability Report for 2016

Speech by NBS Governor Jorgovanka Tabaković at the Presentation of the Annual Financial Stability Report for 2016

Speech by NBS Vice Governor Diana Dragutinović at the Presentation of the Annual Financial Stability Report for 2016

Text boxes:

Text box 1: New International Financial Reporting Standard – IFRS 9
Text box 2: Minimum requirements for capital and eligible liabilities
Text box 3: NPL determinants
Text box 4: ECB’s guidance on resolving non-performing loans
Text box 5: Conduct of banks with regards to the protection of financial services consumers and the impact on financial stability
Text box 6: Capital Markets Union – CMU
Text box 7: Enhancing cyber resilience of financial market infrastructures
Text box 8: Cryptocurrencies and their impact on financial stability
Text box 9: Countercyclical capital buffer
Text box 10: Systemically important banks and capital buffer for systemically important banks as a macroprudential policy instrument

Tables and charts (XLS):

• Overview
• I.1 International environment
• I.2 Domestic macroeconomic environment
• I.3 Foreign exchange reserves as insurance against shocks
• I.4 Fiscal policy and sustainability of public and external debt
• I.5 Corporate sector
• I.6 Household sector
• II.1 Banking sector
• II.2 Macroprudential stress testing
• II.3 Non-bank financial sector
• III.1 Money market
• III.2 Securities market
• III.3 Financial infrastructure
• III.4 Real estate market
• IV.1 Regulatory framework as support to financial stability
• IV.2 Financial soundness indicators
• Text box 3: NPL determinants
• Text box 10: Systemically important banks and capital buffer for systemically important banks as a macroprudential policy instrument

Annual Financial Stability Report for 2015

Presentation of the Annual Financial Stability Report for 2015

Speech by NBS Governor Jorgovanka Tabaković at the presentation of the Annual Financial Stability Report for 2015

Speech by NBS Vice-Governor Diana Dragutinović at the presentation of the Annual Financial Stability Report for 2015

Text boxes:

Text box 1: Start of the Fed’s monetary policy normalisation
Text box 2: Special diagnostic studies
Text box 3: NPL determinants
Text box 4: Network modelling
Text box 5: Database on real estate collateral valuations and loans secured by such collateral
Text box 6: Use of the hedonic method to calculate the real estate price index
Text box 7: Capital buffers
Text box 8: Systemic stress indicator of the Republic of Serbia’s financial system

Tables and charts (XLS):

• Overview
• I International environment
• II Financial sector
• III Financial markets
• IV Financial stability
• Text boxes

Annual Financial Stability Report for 2014

Presentation of the Annual Financial Stability Report for 2014

Speech by NBS Governor Jorgovanka Tabaković at the presentation of the Annual Financial Stability Report for 2014

Speech by NBS Vice-Governor Diana Dragutinović at the presentation of the Annual Financial Stability Report for 2014

Text boxes:

Text box 1: ECB’s comprehensive assessment of banks
Text box 2: Banking sector stability index
Text box 3: Systemic stress indicator
Text box 4: Setting up the database of collateralised property
Text box 5: Macroprudential framework
Text box 6: EBA Guidelines for Assessment of Other Systemically Important Institutions (O-SIIs)
Text box 7: Bank resolution – new statutory function of the NBS
Text box 8: Swiss National Bank’s decision to lift the cap on the franc’s value against the euro
Text box 9: NPL determinants

Tables and charts (XLS):

• Overview
• I 1. International environment
• I 2. Domestic macroeconomic environment
• I 3. Foreign exchange reserves as protection against shocks
• I 4. Fiscal policy and sustainability of public and external debts
• I 5. Corporate sector
•  I 6. Household sector
• II 1. Banking sector
• II 2. Non-bank financial sector
• III 1. Money market
• III 2. Bond and stock market
• III 3. Financial infrastructure
• III 4. Real estate market
• IV 1. Regulatory framework as support to financial stability
• IV 2. Macroprudential stress-tests
• IV 3. Financial soundness indicators
• Text box 2. Banking sector stability index
• Text box 3. Systemic stress indicator
• Text box 5. Macroprudential framework
• Text box 6. EBA Guidelines for Assessment of Other Systemically Important Institutions (O-SIIs)
• Text box 9. NPL determinants

Annual Financial Stability Report - 2013 

Tables and Charts (XLS):

• Overview
• I 1. International environment
• I 2. Domestic macroeconomic environment
• I 3. Foreign exchange reserves as insurance against shocks
• I 4. Fiscal policy and sustainability of public and external debts
• I 5. Corporate sector
• I 6. Household sector
• II 1. Banking sector
• II 2. Non-bank financial sector
• II 2.  Non-bank financial sector - Insurance companies
• III.1. Money market
• III.2. Bond and stock market
• III.4. Real estate market
• IV.1. Regulatory framework as support to financial stability
• IV.2. Macroprudential stress-tess, Text boxes 5, 6 and 7
• IV.3. Financial soundness indicators
• Text box 1

Annual Financial Stability Report - 2012 

Tables and Charts (XLS):

• Overview
• I 1. International environment
• I 2. Domestic macroeconomic environment
• I 3. Foreign exchange reserves as insurance against shocks
• I 4. Fiscal policy and sustainability of public and external debts
• I 5.Sector of non-financial enterprises
• I 6. Household sector
• II 1. Banking sector
• II 2. Non-bank financial sector
• III.1. Money market
• III.2. Bond and stock market
• III.4. Real estate market
• IV.1. Regulatory framework as support to financial stability, Text box 3
• IV.2. Stress tests, Text box 4 and 5
• IV.3. Financial soundness indicators
• IV.4. Composite financial soundness indicator

• Annual Financial Stability Report - 2011

• Presentation

• Tables and Charts (XLS):

  • I 1. International macroeconomic environment
  • I 2. Domestic macroeconomic environment
  • I 3. Foreign exchange reserves – insurance against shocks
  • I 4. Fiscal policy
  • I 5.Corporate sector
  • I 6. Household sector
  • II 1. Banking sector
  • II 2. Non-banking financial sector 
  • III Financial markets
  • IV Payment systems
  • V Financial stability
  • VI From the aspect of financial stability
  • Statistical annex