Serbia’s online bank completes IPA-funded European banking project


BELGRADE (Serbia), Dec.20 (SeeNews) – Serbia’s central bank, NBS, announced on Monday that it has successfully completed another project funded by the European Union’s Instrument for Pre-Accession Assistance (IPA) mechanism .

Dubbed the ‘Program for strengthening the capacities of central banks in the Western Balkans for integration into the European System of Central Banks’, the program was carried out by the Deutsche Bundesbank, 17 national central banks of the European System of Central Banks (ESCB ) and the European Central Bank (ECB), according to a separate statement from the Bundesbank.

The project included activities related to banking supervision, financial stability, consumer protection and financial inclusion, and monetary policy, among others, NBS said.

“Despite the COVID-19 pandemic, all the objectives of the project have been achieved. By participating in the project, NBS has once again demonstrated its strong commitment to European values ​​and central bank standards applied in the EU”, the central bank said in a statement. declaration.

Besides the SNB, the project also included the Bank of Albania, the Central Bank of Bosnia and Herzegovina, the Banking Agency of the Federation of Bosnia and Herzegovina, the Banking Agency of the Republika Srpska, the Central Bank of the Republic of Kosovo, the Central Bank of Montenegro, the National Bank of the Republic of North Macedonia, said the Bundesbank.

The project started in March 2019, with a budget of 2 million euros ($ 2.26 million), according to data released by the Bundesbank.

($ = 0.8857 euro)

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