SVB collapse to have no impact on Serbian banking sector - NBS

BELGRADE - Serbian banks have no business ties with Silicon Valley Bank or any exposure to it and there is no possibility of the bank's closure having a direct or indirect impact on the Serbian banking sector, the National Bank of Serbia (NBS) told Tanjug on Tuesday.

The Serbian banking sector is stable, highly liquid and solvent and citizens can be confident about the stability and security of banking operations and the safety of all savings deposits, the central bank said.

The key risk at this time is the one of the crisis and the lack of confidence spilling over to other banks in the US market - especially to the ones of systemic significance - as well as to the entire US financial market, which could have an indirect effect on the rest of the world, the NBS also said.