Serbian Bank sc

SERBIAN BANK S.C.
Сontents
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Historical Overview
Normative Framework
Structure of the Bank
Corporate Business
Retail Banking
Historical Overview
• 1950 - Military Department within
The National Bank of Yugoslavia
(the central bank)
• 1996 - Yu Garant Banka a.d.
• 2003 - Serbian Bank s.c.
Normative Framework
• Law on Banks
• Laws and regulations on banking business
operations and business operations of
financial institutions
• Articles of Association of Serbian Bank s.c.
• Bank’s procedures
• Rules of procedure of management bodies and
committees
• Internal acts
Organizational Structure
BANK ASSEMBLY
MANAGING BOARD
Internal Audit Department
EXECUTIVE BOARD
Compliance Department
Corporate
Division
Treasury
Division
Retail
Banking
Division
Department for
the Prevention of
Money
Laundering and
Terorism
Financing
Cabinet of the Executive Board
Operations
Division
Marketing
Department
Risk
Management
Division
General
Services
Department
Accounting
Division
IT
Division
Department of
New Banking
Products
Development
Legal Support
And
Human
Resources
Division
Qualification and Age Structure of
Employees on 31.08.2010
Age
Degree of education
Up to 30
years
31 – 40
years
41 – 50
years
51 – 60
years
Over 60
years
TOTAL
I - NK
0
0
4
6
0
10
II - PK
0
0
1
3
0
4
III – KV, SSS
0
0
6
5
0
11
IV – Secondary School
14
23
44
76
8
165
V - VKV
0
1
0
2
0
3
VI – College Diploma
2
8
10
20
3
43
VII1- Bachelor Degree
27
41
28
52
5
153
VII 2-Master, Specialist
0
5
0
1
0
6
VIII – PhD
0
0
1
0
0
1
TOTAL
43
78
94
165
16
396
80
75
70
65
60
55
50
45
40
35
30
25
20
15
10
5
0
I - NK
II - PK
up to 30 years
III – KV, SSS
IV - SSS Secondary
sch.
31 - 40 years
V - VKV
41 – 50 years
VI-VŠS College
VII1-VSS Bachelor
51 – 60 years
VII 2Master, Specialist
over 60 years
VIII - PhD
CORPORATE
BUSINESS
Domestic Payments
Products and Services
• Opening of dinar and foreign currency current accounts for legal entities (resident
and non-resident) and enterpreneurs
• Payments in RSD
- Cash payments
- Electronic payments
- Submission and collection under collateral instruments (direct debit, bills of
exchange and other)
- Collection orders
- Submission of settlement orders (cession, compensation and other)
- Payments with earlier value date
- Larger money turnover due to time effective execution of transactions
- Competetive tariffs
- E-banking
International Payments
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International outgoing payments
International incoming payments
Non-resident payments
Payments for business trips
Documentary collections and foreign cheques
Documentary letters of credit
- Nostro (import) letters of credit
- Loro (export) letters of credit
Correspondent Bank Network
•
Currently Serbian Bank s.c. has established correspondent relations and exchanged RMA with more than
three hundred banks in six continents
•
Main Correspondents (settlement banks) of Serbian Bank s.c. are :
Austria
Australia
Germany
Volkskreditbank AG, Linz
Commonwealth Bank of Australia, Sydney
Standard Chartered Bank (Germany) Gmbh, Frankfurt am Main
Unicredit Bank AG, Munchen
Commerzbank AG, Frankfurt am Main
DZ Bank AG, Frankfurt am Main
LHB Internationale Handelsbank, Frankfurt am Main
UBS AG, Frankfurt am Main
Switzerland UBS AG, Zurich
Italy
Intesa Sanpaolo SPA, Milano
Sweden
Svenska Handelsbanken, Stockholm
U.S.A.
Standard Chartered Bank, New York
Citibank N.A., New York
Japan
Standard Chartered Bank, Tokyo
Russia
Euroaxis Bank, Moscow
Macedonia Sparkasse Bank Makedonija AD, Skopje
U.K.
Citibank N.A., London
JPMorgan Chase Bank N.A., London
VKBLAT2L
CTBAAU2S
SCBLDEFX
HYVEDEMM
COBADEFF
GENODEFF
LHBIDEFF
UBSWDEFF
UBSWCHZH80
BCITITMM
HANDSESS
SCBLUS33
CITIUS33
SCBLJPJT
EABMRUMM
INSBMK22
CITIGB2LCB2
CHASGB2L
Corporate Business
• Corporate Loans
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•
LOANS IN LOCAL CURRENCY (DINAR)
LOANS IN LOCAL CURRENCY (DINAR) WITH FOREIGN
CURRENCY CLAUSE
FOREIGN CURRENCY LOANS
OVERDRAFT LOANS
•
GUARANTEES AND LETTER OF GOOD
INTENT TO ISSUE GUARANTEE
•
DISCOUNT OF BILLS OF EXCHANGE
Corporate Loans
Loans are granted to customers who open an account and perform
payments via accounts in Serbian Bank s.c. Beograde
PROCEDURE FOR LOAN APPROVAL FOR LEGAL ENTITIES
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RECEIPT OF LOAN DOCUMENTATION (CREDIT ANALYSIS
DEPARTMENT)
DOCUMENTATION PROCESSING (CREDIT ANALYSIS DEPARTMENT)
PREPARATION OF LOAN PROPOSAL (CREDIT ANALYSIS DEPARTMENT)
OPINION OF RISK MANAGEMENT DIVISION (RISK MANAGEMENT
DIVISION)
OPINION OF THE LEGAL DEPARTMENT (MORTGAGE AND SIMILAR)
DECISION OF THE CREDIT BOARD
LOAN REALISATION AND TAKING OF COLLATERAL (LOAN
ADMINISTRATION AND MONITORING DEPARTMENT – BACK OFFICE)
Loan Terms
Loan type
Loan amount
In local currency (dinar) with
foreign currency clause
depending on client's
creditworthiness
depending on client's
creditworthiness
depending on client's
creditworthiness
depending on client's
creditworthiness
In local currency (dinar)
Foreign currency
Overdraft
Maturity
1-12 months
1-12 months
Interest rate
0,90% - 1,20%
NBS Ref. rate + 2,0 - 3,5 p.p.
1,60% - 2,20%
NBS Ref. rate + 10 - 12 p.p.
Commission
Effective interest rate
0,20% - 1,20%
12,67%
0,20% - 1,20%
22,40%
12,67%
1-12 months
0,90% - 1.20%
0,20% - 1,20%
3 months
2,00% - 2.20%
0,50%
from
Current Account Overdraft Loan
Upon receipt of overdraft request, assessing and loan approval is automatically
performed.
•AMOUNT:
• 15% of monthly average of payments through account with Srpska Banka a.d. in the last
three months (less amount of already withdrawn loans with Srpska Banka a.d.)
• Maximum overdraft amount is 8.000.000 dinars
•PRODUCT DESCRIPTION:
• To overcome current iliquidity, for tax payments
• The interest is calculated only for withdrawal amount!
• Overdraft is approved for the period of 3 months, with possibility of prolongation
•INTEREST:
• Commission 0.50% from granted/credited amount
•COLLATERAL:
• Blank single draft, authorization agreement
Guarantees
Bank issues different types of guarantees:
• Payment guarantees
• Performance guarantees, as follows:
• Bid bond
• Advance payment guarantee
• Performance bond
• Guarantees for defect repairments in warranty
period
Along with the request for guarantee issuance, it is necessary to
provide documentation showing justification of the request.
International Guarantees
• Nostro foreign currency letters of guarantee
• Loro foreign currency letters of guarantee
Consulting services to clients in the realization of
foreign trade contracts and domestic operations
Discount of Bills of Exchange
• The Bank operates bill discounts for its clients where
Serbian Bank has an agreement with the drawers of
discount bills.
• Maturity up to 6 months, with possibility of
prolongation
• Interest rate 1,80% - 2,00% monthly
Loans Review
Loan type
31.12.08
In RSD with foreign currency clause
In RSD
Foreign currency loans
30.06.09
31.12.09
30.06.10
Growth 30.06.10
/ 31.12.08. (in %)
769,043,581.00
2,166,713,063.00
51,942,335.00
1,184,930,230.00
1,809,596,111.00
26,140,256.00
1,418,050,227.59
3,430,180,153.80
24,283,833.80
2,011,842,113.80
4,285,159,534.25
77,234,096.00
162%
2,987,698,979.00
3,020,666,597.00
4,872,514,215.19
6,374,235,744.05
113%
98%
49%
4,500,000,000.00
4,000,000,000.00
3,500,000,000.00
3,000,000,000.00
In RSD with foreign
currency clause
In RSD 2,500,000,000.00
2,000,000,000.00
Foreign currency loans
1,500,000,000.00
1,000,000,000.00
500,000,000.00
0.00
31.12.08
30.06.09
31.12.09
30.06.10
Payments Turnover Figures
2007
2008
2009
30.06.2010.
RSD
Domestic Payments
Total
170.330.309.801,87
170.882.051.979,34
195.174.907.319,84
103.087.672.593,99
EUR
International Payments
Incoming payments
58.072.596,72
163.574.759,26
168.294.428,79
69.089.423,98
Outgoing payments
65.659.453,22
138.957.222,43
136.191.517.69
40.115.473,93
123.732.049,94
302.531.981,69
304.485.946,48
109.204.897,91
Total
Payments Review
350
200
300
180
160
250
140
200
120
in million
EUR
in billion RSD 100
150
80
60
100
40
50
20
0
2007
2008
2009
Domestic payments
6/30/2010
0
2007
2008
2009
6/30/2010
International payments
INVESTMENTS IN SHARES OF OTHER LEGAL ENTITIES
IN BANK’S PORTFOLIO ON 30.06.2010
No.
Legal entity
Number of shares
Market value of portfolio
Financial sector
1
Privredna banka ad, Beograd
3656
2.551.888,00
2
Jubmes banka ad, Beograd
340
4.342.400,00
3
Komercijalna banka ad
190
4.967.170,00
4
AIK banka ad, Niš
1781
4.986.800,00
5
Metals banka ad, Novi Sad
147
646.800,00
6
Dunav osiguranje ad, Beograd
500
1.100.000,00
Financial sector:
18.595.058,00
Non-financial sector
7
Fidelinka ad, Subotica
1000
440.000,00
8
Sojaprotein ad, Bečej
1400
1.698.200,00
9
Metalac ad, Gornji Milanovac
1000
2.952.000,00
10
Tigar ad, Pirot
2000
1.900.000,00
11
Telefonija ad, Beograd
130
311.610,00
12
Energoprojektholding ad, Beograd
1081
1.119.916,00
Non-financial sector:
8.421.726,00
TOTAL :
35.101.462,00
Bank’s Assets
14,000,000
in thousand RSD
13,000,000
12,000,000
11,000,000
Assets
10,000,000
9,000,000
8,000,000
31.12.2007.
31.12.2008.
31.12.2009.
30.06.2010.
Bank’s Equity
3,300,000
in thousand RSD
3,200,000
3,100,000
Equity
3,000,000
2,900,000
2,800,000
31.12.2007.
31.12.2008.
31.12.2009.
30.06.2010.
Assets Currency Structure
14,000,000
2.296.945
17%
12,000,000
in thousand RSD
1.795.307
15%
10,000,000
8,000,000
1.060.570
11%
2.657.152
26%
1.072.471
11%
2.900.091
28%
3.470.930
29%
4.999.233
37%
Foreign currency
clause
Foreign currency
6,000,000
RSD
4,000,000
6.316.862
63%
6.141.058
61%
31.12.2007.
31.12.2008.
6.599.574
56%
6.253.992
46%
31.12.2009.
30.06.2010.
2,000,000
0
Liabilities and Equity Currency Structure
14,000,000
270.475 2%
in thousand RSD
12,000,000
238.330 2%
10,000,000
8,000,000
4.289.943
36%
3.437.005
34%
6.220.929
46%
Foreign currency
clause
3.812.223
38%
Foreign currency
RSD
6,000,000
4,000,000
6.597.579
66%
6.301.397
62%
31.12.2007.
31.12.2008.
7.337.538
62%
7.058.766
52%
31.12.2009.
30.06.2010.
2,000,000
0
Assets Term Structure
14,000,000
765.621
6%
in thousand RSD
12,000,000
10,000,000
771.384
6%
513.947 5%
658.383 7%
809.090
8%
1.923.423
14%
1.752.545
15%
1.112.498
11%
Fixed assets
Long-term
8,000,000
10.861.126
80%
6,000,000
8.862.254
88%
8.192.032
81%
9.341.882
79%
4,000,000
2,000,000
31.12.2007.
31.12.2008.
31.12.2009.
30.06.2010.
Short-term
Liabilities and Equity Term Structure
14,000,000
2.882.698
21%
in thousand RSD
12,000,000
2.983.101
25%
10,000,000
3.032.554
30%
8,000,000
3.263.764
32%
464.437 4%
178.437 2%
Equity
213.788 2%
Long-term
6,000,000
Short-term
10.203.035
75%
4,000,000
6.788.242
68%
6.849.856
68%
31.12.2007.
31.12.2008.
8.704.273
73%
2,000,000
0
31.12.2009.
30.06.2010.
Structure of Placements
31.12.2007.
31.12.2008.
61%
36%
48%
15%
1%
Banks
Enterprises
15%
Retail customers
Public sector, enterpreneurs, foreign legal entities and other
30.06.2010.
31.12.2009.
62%
23%
1%
22%
2%
72%
14%
16%
12%
Structure of Deposits
31.12.2008.
31.12.2007.
52%
56%
14%
18%
12%
Banks
16%
2%
9%
Retail customers
Enterprises
Public sector
19%
2%
Foreign legal and natural persons and other
31.12.2009.
30.06.2010.
60%
61%
19%
17%
11%
1%
11%
16%
2%
2%
Classified Assets,
Calculated Reserves and IAS 39
Clasified
assets
Calculated
reserves
IFRS 39
Reserves
from
retained
earning
31.12.2008.
7.837.248
1.615.036
733.715
894.929
30.06.2009.
7.375.012
1.663.746
722.527
945.765
31.12.2009.
11.364.982
1.945.544
1.005.775
961.386
30.06.2010.
14.397.816
2.361.270
1.375.306
1.004.034
ƒ Assessment and classification of each
individual placement during granting
procedure
ƒQuarterly calculations of special reserves
and impact on equity
Bank’s Portfolio Structure
„
Portfolio structure by customer
category
„
Portfolio quality by classification
categories A, B, C, D and E
Performance Indicators
Performance indicators
Capital
Capital adequacy ratio
Sum of great Bank’s exposures
Prescribed values in
relation to capital
31.12.08.
30.06.09.
31.12.2009
30.6.2010
EUR 10 mil.
28.548.605
29.094.426
25.237.483
21.845.159
min. 12%
42,67%
42,83%
27,90%
21,67%
max. 400%
35,04
39,27
142,09
170,93
32,13
36,44
139,03
167,50
Great Bank’s exposure to a single party or
to the group of related parties
Exposure to entities related to the Bank
max. 20%
2,91
2,83
3,06
3,43
Bank’s investments
max. 60%
32,61
32,61
37,38
33,42
0,49
0,48
0,55
0,58
5,25
5,35
6,01
0,24
26,87
26,78
30,82
32,59
min. 1,00
2,63
2,96
2,58
2,47
max. 20%
/max. 10%
12,98
11,91
10,74
10,01
Bank’s investments in financial sector
Bank’s investments in parties which
do not operate in financial sector
max. 10%
Bank’s investments in property and equipment
Monthly liquidity ratio in the last month of
the reporting period
Foreign currency risk indicator
Retail Banking
Product Range for Retail Customers
1. Dinar current accounts
• dinar current accounts with cheques for receiving salaries and pensions
• dinar Current accounts without cheques; for domestic and foreign
private individuals
2.
Foreign currency current accounts
• foreign currency current accounts for domestic and foreign private
individuals
3.
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•
•
Dinar and foreign currency savings
dinar and foreign currency “at sight” savings for domestic and foreign
private individuals
dinar and foreign currency time deposit savings with possibility of step by
step increase of term deposit for domestic and foreign private individuals
student savings
Product Range for Retail Customers
4. Dinar accounts - specific purpose
• accounts for securities trading
• farmer accounts
5. Foreign currency deposits - specific purpose
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•
•
•
for VISA Classic
for VISA Gold
for credit card
For loan
Product Range for Retail Customers
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•
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6. Loans
Cash loans (in dinars and in dinars with foreign currency clause)
Consumer loans (in dinars and in dinars with foreign currency clause)
Loans on the basis of 100% deposit
Loans for refinancing
Credit cards
Current account overdrafts
7. Payment Cards
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•
•
•
•
•
•
DinaCard debit card
DinaCard credit card
Visa Electron, Classic and Gold debit cards
Visa Classic credit card
Visa Business debit card
DinaCard debit card
DinaCard credit card
Visa Electron, Classic and Gold debit cards
Visa Classic credit card
Visa Business debit card
Product Range for Retail Customers
8. Cash payments, cash payouts and cashless payments
of private individuals – domestic and international
payments
9. Currency exchange
10. Service of fast money transfer through Western
Union network
11. Rental of safe deposit boxes
12. Е-banking, SMS-banking, permanent orders
Bank’s Network
Bank conducts transactions with clients
in Head Office located in Belgrade, Savska 25,
in branch offices in Belgrade,
and also branch offices in eight towns in Serbia
Network of agent JP PTT “SRBIJA"
At 1384 Post Office counters funds can be withdrawn with a single cheque up to
the amount available on current account for salary receiving held with
Srpska banka a.d., without commission.
At Post Office counters equiped with POS terminals, funds can be withdrawn
up to the available amount using Srpska banka a.d. payment card, without commission.
On-line connection exists in both cases.
Also, at Post Office counters, corporate clients of Serbian Bank s.c. can give in cheques
from daily market , without commission
Bank’s ATM network
Bank has 21 ATMs in the network:
Belgrade:
Kraljevo:
- Savska
- Skadarska
- Knez Mihajlova
- Resavska
- Požeška
- Šumadijski trg
- Trg srpskih ratnika (two
ATMs)
- ZC Studenica
New Belgrade:
- Blok 38
- Blok 61
Zemun:
- Aleksinačkih rudara
- KBC Zemun
Lazarevac
Valjevo
Šabac
Čačak
Kruševac
Kragujevac
Svilajnac
Trstenik
Telecommunication
Infrastructure
Connections of the system with the
environment
Satelite link with Visa.
Frame-relay connections are established with:
•NBS
•Belgrade Stock Exchange
•Association of Serbian banks
•Central Securities Depository and Clearing House
•Branch offices
Western
Union
SWIFT
CSD
Branch
offices
INTERNET
IBIS
Srpska
Banka
Reuters
VISA
NBS
Association
of Serbian
Banks
Belgrade
Stock
Exchange
Wireless link with Infosky оf 5Мb/s for internet,
credit bureau and certain services as SMS
banking.
All branch offices are connected with head office
through Frame-relay connections, except branch
office in Skadarska, Belgrade connected through
10Мb/s optics.
All branch offices have back-up links over ISDN
ports.