Banking in Serbia

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Head office building

Banking in Serbia is regulated by the central bank The National Bank of Serbia. Mandate of National Bank of Serbia is to contribute, without prejudice to its primary objective, to the maintenance and strengthening of the stability of the financial system and Economy of Serbia. To determine and implement measures and activities to that effect.[1] Out the total of 29 commercial banks, providing a wide array of banking services, 21 are in majority foreign ownership. Banks in Serbia are independent in their pursuit of profit-oriented business activities based on the principles of solvency, profitability and liquidity. Every-day payment transactions are, with a few exceptions, made in Serbian dinars, and one can use various types of credit cards (Visa, MasterCard, Diners, American Express). All major foreign currencies can be freely purchased and sold in exchange offices throughout the country.Many banks have ATMs, enabling you to draw currency any time you want so.[2] As foreigner in Serbia, similar to the other countries, you cannot get full service in bank as you can in your home country. But you can find a bank that will not take you too much provision when redrawing your money from ATM.[3]

The profitability of the banking sector[edit]

The profitability of the banking sector went up by 58.8 percent by the end of June 2013 compared to the respective period in 2012 and the indicators of profitability continue to recover although they are still below the level of the pre-crisis period. According to the report on the situation in the banking sector in the second quarter of the year, which is released on the National Bank of Serbia's (NBS) website, Serbia's banking sector has recorded a net income of RSD 15.9 billion which is a 58.8 percent increase compared to the same period in 2012. The crucial reason for these changes is the fact that the Development Bank of Vojvodina was stripped off work permit and it operated with a loss of RSD 6.9 billion in the same period in 2012, the NBS said.Out of a total of 31 banks, 18 made profit totalling RSD 20.6 billion, while 13 banks operated with a loss of RSD 4.7 billion. The indicators of profitability continue the recovery trend, however they are still below the level of the pre-crisis period, the report reads. The indicators' recovery dynamics will mostly depend on the banks' business policy which at the moment aims at refraining from taking new loans and investing in the most liquid and the most safe forms of investments such as repurchase agreement securities of the NBS and Serbia's bonds. The greatest profit was made by the banks which belong to the group of big banks (with participation in the assets of over five percent of the banking sector), while the greatest losses were incurred by mid-sized banks (up to five percent). The list of banks with the greatest net profit comprises Banca Intesa (RSD 4,316 billion), Raiffeisen Bank (RSD 3,668 billion), UniCredit Bank Serbia (RSD 3,039 billion), Komercijalna banka (RSD 2, 583 billion), and Vojvodjanska banka (RSD 1,322 billion). The banks with the greatest net loss are NLB Bank (RSD -1,166 billion), Alpha Bank (RSD - 1,047 billion), Univerzal banka (RSD -554 million), OTP Bank Serbia (RSD -531 million) and Piraeus Bank (RSD -431 million).[4]

List of banks[edit]

Column Explanation
Bank Bank's name in a simplified form
Headquarters Location of bank's headquarters in Serbia
Assets Amount of total assets of bank in million euros in last fiscal year
Revenue Amount of revenue of bank in million euros in last fiscal year
Employees Number of people working for the bank
Bank Capital Headquarters Assets
(EUR millions)
(EUR millions)
1 AIK banka Serbia Niš 1,329 135 523
2 Alpha Bank Greece Belgrade 723 129 1,399
3 Banca Intesa Italy Belgrade 3,727 445 3,060
4 Banka Poštanska štedionica Serbia Belgrade 868 121 1,904
5 Crédit Agricole France Novi Sad 539 71 968
6 Dunav banka Serbia Zvečan 64 7 199
7 Erste Bank Austria Novi Sad 854 110 976
8 Eurobank Greece Belgrade 1,379 421 1,552
9 Findomestic banka France Belgrade 138 20 330
10 Hypo Group Alpe Adria Austria Belgrade 1,093 150 870
11 JUBMES banka Serbia Belgrade 129 11 124
12 Jugobanka Jugbanka Serbia K. Mitrovica 11 2 103
13 KBC banka Belgium Belgrade 46 21 379
14 KBM Banka Slovenia Kragujevac 110 14 366
15 Komercijalna banka Serbia Belgrade 3,172 307 3,006
16 Marfin bank Greece Belgrade 213 21 353
17 NLB banka Slovenia Belgrade 341 34 586
18 Opportunity banka United States Novi Sad 77 14 206
19 OTP banka Hungary Novi Sad 278 41 696
20 Piraeus Bank Greece Belgrade 512 60 547
21 Procredit Bank Germany Belgrade 606 98 1,221
22 Raiffeisenbank Austria Belgrade 1,792 290 1,778
23 Sberbank Russia Belgrade 867 66 568
24 Société Générale France Belgrade 1,927 216 1,382
25 Srpska banka Serbia Belgrade 245 31 436
26 UniCredit banka Italy Belgrade 2,198 384 1,018
27 Vojvođanska banka Greece Novi Sad 950 93 1,733
28 VTB Banka Russia Belgrade 90 9 71
29 Čačanska banka Serbia Čačak 295 32 387
Total 24,573 3,353 26,741
  • Credy Banka a.d.(Since September 2, 2013, Credy Banka AD Kragujevac has changed its business name into KBM Banka a.d. Kragujevac)
  • Moskovska banka a.d. (Since September 2, 2013, Moskovska banka a.d. Beograd has changed its business name into VTB Bank a.d. Beograd)[5]

See also[edit]


  1. ^ "Central bank of Serbia". Retrieved 2013-10-23. 
  2. ^ "Banking in Serbia". Retrieved 2013-10-23. 
  3. ^ "Banks in Serbia". Retrieved 2013-10-23. 
  4. ^ "The Profitability of the banking sector in Serbia". Retrieved 2013-10-23. 
  5. ^ "List of Banks". Retrieved 27 August 2013. 

External links[edit]