All banks licensed by the National Bank of Serbia (NBS) are obliged to insure deposits of individuals, entrepreneurs, micro-, small and medium-sized legal entities which they hold and pay deposit insurance premiums.
A bank is obliged to pay insurance premium as from the day of its registration as a business entity until the day the NBS withdraws its license.
Types of deposit insurance premiums:
- initial – 0.3% of the cash portion of minimum initial capital of the bank;
- regular – payable on a quarterly basis at the level of 0.2% of the total insured deposits held by the bank, and
- extraordinary – maximum 0.4% of total insured deposits held by the bank over one year.
The bank is obliged to pay the initial premium within 45 days from the day it is registered as a business entity; the initial premium amounts to 0.3% of the cash portion of minimum initial capital of the bank.
The bank must submit to the Agency the reports on total and insured deposits, as well as other statements/reports and data in the manner and within timeframes prescribed by the Agency.
Given new legal provisions, the Agency enacted new forms (templates) and guidelines on completion of reports that the banks need to submit to it, starting with the report for April 2015:
- AGOD 05 - Report on total and insured deposits and deposit ranking;
- AGOD 04 - Report on the balance of deposits by their maturity and average interest rate;
- AGOD 01 - Report on the balance of deposits of large legal entities.
The bank is obliged to submit to the Agency monthly reports for preceding month until 14th day of the current month (AGOD Report 05), i.e. until 20th day of the current month (AGOD Report 04 and AGOD Report 01). If the 14th day of a month is a holiday or weekend, the deadline for submission of reports shall be the first following weekday.
AGOD 02 – Report on deposit ranking shall not be submitted any longer, but the data on insured deposits (those up to EUR 50,000) and deposits above EUR 50,000 are covered within AGOD Report 05. As according to the new law, depositors are reimbursed according to the gross principle and due liabilities are not included in assessment of the insured amount, the data on due liabilities are no longer submitted and the amount within certain ranking shall mean the size of the deposit per depositor that is covered within that ranking of insured amount of deposits.
The account balances (in RSD) as of the last day in a month for which the report is drawn up and submitted to the Agency shall be inserted into AGOD reports, and determined on the basis of bookkeeping records presented in the monthly report in accordance with the applicable regulation of the NBS prescribing the manner of collection, processing and submission of data by banks on the balance and structure of investments, assets (claims) and obligations of banks (now form SSKR).
Report on total and insured deposits – AGOD 05 Report
Report on the balance of total and insured deposits (AGOD 05 Report) is identical for all banks licensed by the NBS, and consists of 5 parts:
1) Report on the balance of total and insured deposits for (month).......20..
(Individuals) – Template AGOD 05 FL;
2) Report on the balance of total and insured deposits for (month).......20..
(Entrepreneurs) – Template AGOD 05 PR;
3) Report on the balance of total and insured deposits for (month).......20..
(Micro legal entities) – Template AGOD 05 MC;
4) Report on the balance of total and insured deposits for (month).......20..
(Small legal entities) – Template AGOD 05 MP;
5) Report on the balance of total and insured deposits for (month).......20..
(Medium-sized legal entities) – Template AGOD 05 SP;
Report on the balance of deposits by their maturity and average interest rate - AGOD 04 Report
AGOD 04 Report contains the data on total deposits held by a bank, their average interest rate, and their average maturity for the following categories of depositors:
- Individuals, FL
- Entrepreneurs, PR
- Micro legal entities, MC
- Small legal entities, MP
- Medium-sized legal entities, SP
- Large legal entities, VL
- Other depositors, OS (in which all other types of depositors are presented)
Report on balance of deposits of large legal entities - AGOD 01 Report
AGOD 01 Report contains 6 separate categories of the Report on balance of deposits of large legal entities:
- Banks and other financial organizations, AGOD 01 BA
- Insurance companies, AGOD 01 OS
- Financial leasing companies, AGOD 01 LZ
- Voluntary pension funds, AGOD 01 DP
- Voluntary pension fund management companies, investment funds and investment fund management companies, stock exchanges and brokerage companies, AGOD 01 UF
- Other large legal entities, AGOD 01 OL