The NBS Head Office Building was built from 1888 – 1890, on the basis of blueprints designed by Konstantin Jovanovic (Vienna 1849 – Zurich 1923), son to distinguished artist Anastas Jovanovic...
Pursuant to the Decision on Conditions for Granting and Revoking Authorizations to Banks to Engage in External Transactions ("RS Official Gazette", No.5/2007), banks’ performance of external transactions is subject to a special authorization granted by the National Bank of Serbia.
It is important to note that compared to the earlier Decision on the Conditions for the Issuance of Authorization to Banks for Foreign Operations, as well as Conditions for Revoking Such Authorizations ("RS Official Gazette", No.76/2004), this Decision, that came into force on 19 January 2007, liberalizes the conditions for obtaining authorization to engage in external transactions in that it does not envisage the obligation for banks to keep minimum EUR 6 million or its equivalent in another convertible currency on their foreign currency accounts.
Pursuant to the new Decision, banks that have already been granted the NBS authorization to engage in external transactions, may freely dispose of the above amount of foreign exchange funds on their accounts abroad, implying that they are not obligated to submit electronically "Monthly Reports on Foreign Currency Account Balances" to the National Bank of Serbia, which used to be considered a proof of meeting one of the prescribed conditions.
The Decision also stipulates that banks that have obtained authorization to engage in external transactions are obligated to maintain the level of liquidity in compliance with regulations governing risk management. Non-compliance with this condition shall be understood as grounds for revoking the authorization.
A bank shall be granted an authorization to engage in external transactions provided that it meets the following conditions:
A bank that has obtained authorization to engage in external transactions shall be obligated to:
The National Bank of Serbia reserves the right to revoke the authorization to a bank in the event of non-compliance with conditions prescribed by the Decision.