20.10.2008.
Public statement of Metals-Banka AD Novi Sad

Public statement of Metals-Banka AD Novi Sad





Regarding the statement made by the National Bank of Serbia (NBS) on “the found irregularities and, in compliance with these, taken safety and corrective measures in Metals-Banka AD Novi Sad” and regarding the various interpretations of these measures by media, Metals-Banka AD Novi Sad informs its clients and general public:

• As a direct consequence of the findings established by NBS and measures, which the Bank would not comment here, taken on the basis of such findings, a slowdown occurs in payment operations of legal entities. Thus, this situation has not resulted in the blockade of the Bank’s account, as some media have concluded.

• It is expected that in due course NBS will inform the general public of an ending of these provisional measures and of total normalisation of payment operations in Metals-Banka AD Novi Sad.

• Retail operations are being performed without any kind of a standstill. This fact is of great significance for dinar and foreign-currency savings in retail sector since this issue have been in focus of public attention over the past days and weeks. Metals-Banka pays off a-vista dinar and foreign-currency savings and matured savings on the very day, upon client’s request. The Bank accepts demands for cancellation of unmatured saving deposits and decides on them in compliance with the signed contracts, showing special understanding of possible life problems of its clients.

• Being aware of the obligation to inform its shareholders, clients and general public truthfully and promptly, Metals-Banka AD Novi Sad states that current events do not have any influence on the Bank’s stability. Furthermore, financial indicators for the third quarter of 2008 show that on 30 September 2008 Metals-Banka operates in absolutely safe and secure zone of business.

document

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