National Bank of Serbia expands its International and Interbank Foreign Currency Clearing System with OTP banka Srbija participation

The National Bank of Serbia announced that OTP banka Srbija Joint Stock Company Novi Sad has joined the International and Interbank Foreign Currency Clearing System, enabling its clients to make faster and cheaper foreign exchange transactions with participants in these systems. Operated by the National Bank of Serbia, the clearing system allows participants to execute foreign currency transactions for households and businesses on the same day the transaction is initiated, with minimal costs. Participation is based on the Agreement on Clearing of Interbank and International Payments concluded between the National Bank of Serbia, the Central Bank of Bosnia and Herzegovina and the Central Bank of Montenegro, with participants including the National Bank of Serbia, fourteen banks based in Serbia, seven banks from Bosnia and Herzegovina and one bank from Montenegro.