Central Banking

Serbian central bank sets up overdraft charge comparator

Initiative puts the Balkan nation ahead of most EU member states

A branch of Čačanska banka

The National Bank of Serbia (NBS) is setting itself up as a central price comparator for retail bank accounts in the country, as part of an initiative aimed at lowering the costs to consumers of using banking services.

The central bank last week set up a table of overdraft interest charges, which it is updating as and when new information from banks comes through. So far, 10 banks have pledged to reduce the interest rate they charge on authorised or unauthorised overdrafts, or both.

To ease the

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