Bank Lending to Small and Medium Enterprises : The Republic of Serbia
This report presents findings of a study of Bank lending to small and medium enterprises (SME) in Serbia. The study uses methodology developed by the Bank and already used in a number of studies in South America. The study is based on answers to st...
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| Format: | Other Financial Sector Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/01/16426642/serbia-bank-lending-small-medium-enterprises http://hdl.handle.net/10986/12796 |
| Summary: | This report presents findings of a study
of Bank lending to small and medium enterprises (SME) in
Serbia. The study uses methodology developed by the Bank
and already used in a number of studies in South America.
The study is based on answers to standard questionnaires and
detailed on-site interviews with eight banks. The
interviewed banks are the most active in SME lending in
Serbia and account for about 70 percent of the total market.
Banks are currently offering a fairly broad range of both
tailored and standardized products and are increasingly
flexible with product pricing. This includes checking,
savings and time deposit accounts; export and import loans;
overdrafts for working capital and investment loans;
business credit cards; various types of payment services;
Internet and phone banking. The report is organized as
follows: section two describes the banking sector and
markets in Serbia, reviews definition of SMEs and provides
key characteristics of the SME finance market in Serbia.
Section three discusses details of SME access to finance. It
describes the drivers and obstacles, government programs,
and characteristics of the market environment. Section four
focuses on how banks engage in lending to SMEs, describing
their business models and their risk management. Section
five provides a number of conclusions on the conditions of
access and future trends. |
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