card business in serbia in the course of the last four years are really imposing as is proved by the following : • number of cards issued has reached 5. 6 million and was increased by as much as 2. 2 million in the course of the last four years alone ; • half of the above number of issued cards are dinacards ; • almost 70 million transactions in serbia were performed via payment cards in the course of the last 12 months, of which 6. 5 million in may alone ; • there are over 50, 000 pos terminals, and • almost 1800 atms in serbia today. the time has come for us to make another step – a step towards improving the quality of payment cards business in serbia. this step shall certainly take place in the course of this year by way of improving quality of service and increasing the number of options on offer, like payment via mobile telephone or on - line, which has recently been enabled through the dinacard system. one of the major issues thrust upon us by the standards achieved so far in respect of card business in serbia, are the costs of payment system and the so called trade fees. in view of the fact that the level of guaranteed fee, interchange rate, to be retained by the card issuer in international card systems is disproportional to the level of fees in the eu member countries and that the gap will only widen further after a new set of rates is becomes applicable from 1 january 2008, the nbs has, following into the footsteps of the european central bank, decided to actively engage in improving efficiency of card payments and the resulting relationship between banks and trades people. i wish to inform you of the steps we intend to take to remove this anomaly, such as : • introduce a system of interchange rates from 2 september 2007 instead of applying fixed trade fees, that is a system in which banks and trades people will be free to regulate their mutual relations on their own. • make a comprehensive analysis of costs of payment systems as well as relations between banks and trades people in the course of next three months so as to be able to make an informed conclusion on the optimum level of interchange rate to be applied on the use of cards issued in serbia. on this occasion, however, the nbs invites banks to reach an agreement among themselves in the near future as to the applicable level of interchange rate that would provide for a more efficient payments system and to attempt to substitute nbs regulations by introducing self - regulating measures in this area. the

bank since 2005 with the establishment of bnmlink at the bank ’ s six offices ; the bank ’ s call center, bnmtelelink ; as well as bnmlink mobile counter services in semi - urban areas to provide access of financial information and consumer redress mechanisms. the introduction of mobilelink also provides a platform for enhancing financial literacy and financial capability of consumers to make well informed and responsible financial decisions and thus participate meaningfully and effectively in the financial system. akhir kata, saya ingin merakamkan penghargaan kepada semua hadirin sekalian yang memberi sokongan kepada inisiatif “ mobilelink ” ini. kami berharap inisiatif ini akan dapat merealisasikan usaha bank dalam mencapai rangkuman kewangan yang menyeluruh. bagi mencapai objektif ini, kerjasama pihak yang hadir pada hari ini dengan bank negara malaysia adalah dialu - alukan bagi memastikan usaha yang lebih bersepadu dan berkesan dapat digembleng bersama. bis central bankers ’ speeches