1.590.884 Transactions in RTGS and Giro Clearing Over the Month of September

During the month of September, a total of 1.590.884 transactions were carried out in the RTGS (urgent transactions and transactions larger than KM 20.000) and giro clearing (transactions with smaller amounts). The total value of transactions was KM 2,18 billion.

Out of the total number and value of transactions, 28.676 transactions in the amount of KM 1,27 billion were carried out in the RTGS, while remaining 1.562.208 transactions in the amount of KM 915 million were settled in giro clearing.

The number and value of transactions in the RTGS and giro clearing increased in September compared to August 2003, when total of 1.459.208 transactions in the amount of KM 2,05 billion were carried out in the RTGS and giro clearing. The reason for the smaller number of transactions in August 2003 compared with September 2003 is the fact that it was the vacation season, which means that those are the annual fluctuations.

Over the period from January 1, 2003, until September 30, 2003, a total of 12.950.954 transactions in the amount of KM 17,5 billion were carried out in the RTGS and giro clearing.

Compared to September 2001, the number of transactions increased by 55,6 percent, while the value of transactions increased by 46,8 percent. Compared to September 2002, the number of transactions increased by 14,6 percent, while the value of transactions increased by nine percent.

Over September 2003, ten banks accounted for 69 percent of all transactions in RTGS and giro clearing, which is 63 percent of the total value of all transactions. At the same time, 12 banks participated with less than one percent.

At the beginning of its functioning, in 2001, 40 commercial banks were members of the payments system. In the meantime, seven new banks became the members of the payments system, while 12 banks were excluded from the payments system, so now there are 35 banks in the payments system.