Bankers add that the Vienna Agreement is an administrative measure which Serbia should not rely on over a longer term, but the country should instead create market conditions that would stimulate banks to increase their credit placements for Serbian enterprises.

Neither bankers nor Governor Jelasic expect that banks are going to reduce the placements although the new Vienna Agreement allows them to do so.

Although in Vienna on February 26 an agreement was reached that foreign banks operating in Serbia could this year reduce their exposure, i.e. the level of placements by 20 percent, neither Governor of the National Bank of Serbia Radovan Jelasic nor bankers expect this to happen.

At the same time, this is the main conclusion reached by participants of the round table “The Vienna Agreement - one year later and what the future holds”, organized last Monday by the Bankar magazine, part of Ekonom:east Media Group.