Serbia Economic and FDI Outlook
National Bank of Serbia
Banking Sector Overview
February
Serbia
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Number of banks'
29
30
31
29
27
26
26
23
21
20
20
Employees
25,106
24,257
23,847
23,055
22,830
23,087
22,823
22,550
21,995
21,899
21,938
Branches
1,787
1,730
1,719
1,627
1,598
1,598
1,576
1,515
1,371
1,341
1,344
HHI Assets
794
796
813
813
779
800
786
867
936
986
980
Share of foreign banks, %
74.5
76.1
76.7
76.9
75.4
75.7
86.0
87.0
83.6
76.9
76.5
Assets (net), EUR m
24,545
25,059
26,253
28,440
31,931
34,731
39,177
42,943
46,525
50,705
50,817
Capital, EUR m
5,074
5,090
5,122
5,631
5,725
6,002
6,098
6,121
6,138
6,981
7,226
Loans (gross), EUR m
16,170
16,175
16,442
17,565
19,406
21,111
23,439
25,939
28,142
28,534
28,874
Of which gross NPL, EUR m
3,483
3,491
2,800
1,730
1,105
862
871
927
848
916
924
Gross NPL ratio, %
21.5
21.6
17.0
9.8
5.7
4.1
3.7
3.6
3.0
3.2
3.2
IFRS impairment of NPLs
54.9
62.3
67.8
58.1
60.2
61.5
59.0
56.3
58.1
60.5
60.9
Deposits, EUR m
15,637
16,523
18,242
19,926
23,115
25,197
28,984
32,483
35,506
38,389
38,337
Pretax Income, EUR m
29.0
80.0
172.0
579.8
595.8
543.5
357.5
419.7
748.1
1,179.1
248.5
CAR², %
20.0
20.9
21.8
22.6
22.3
23.4
22.4
20.8
20.2
21.4
21.4
CET1 ratio % 2,3
21.5
21.1
22.3
21.6
19.7
18.8
19.6
19.6
2,3
Leverage %
11.1
12.6
13.6
12.4
11.1
10.3
10.3
10.3
Liquidity ratio
2.2
2.1
2.1
2.0
2.0
2.2
2.2
2.1
2.2
2.5
2.7
Liquidity coverage ratio³, %
239.5
213.3
199.3
211.8
199.8
177.5
193.7
202.0
FX ratio, %
3.9
4.4
2.7
2.9
4.5
1.5
1.0
1.0
1.8
1.2
1.7
ROA, %
0.1
0.3
0.7
2.1
2.1
1.7
1.1
1.1
1.9
2.4
2.9
ROE, %
0.6
1.6
3.4
10.6
11.3
9.8
6.5
7.5
13.8
18.0
21.0
Net interest margin*, %
4.3
4.3
3.9
3.7
3.6
3.3
3.0
2.7
2.9
4.0
4.2
1
The NBS revoked operating licence from Univerzal banka Beograd on 31 January 2014 and from Jugobank Jugbank Kosovska Mitrovica on 2 April 2018. The NBS issued operating licence to Mirabank on 16 December 2014 and the
bank started its operations in April 2015. The NBS issued operating licence to Bank of China Srbija on 20 December 2016. The Findomestic bank was merged to Direktna bank on 1 July, 2017. Jubanka ad Beograd was merged to AIK
bank on 23 Decembar, 2017. Pireaus bank was merged to Direktna bank on 26 October, 2018. Vojvođanska bank was merged to OTP bank 25. April, 2019 (consolidated under Vojvođanska brand). OTP bank was merged into
Vojvođanska banka 29. April, 2021 (consolidated under OTP brand). mts bank was merged to Banka Poštanska Štedionica on 30 Jun 2021. Direktna bank was merged into Eurobank Direktna on 10 December 2021. NLB bank was
merged into Komercijalna bank on 29 April 2022 under the NLB - Komercijalna banka name. Naša AIK bank was merged into AIK bank on 01 December 2022. RBA bank was merged into Raiffeisen bank on 29 April 2023.
2 The last available data of 31.12.2023
3 Introduced by the implementation of Basel 3 and monitored from 30 June 2017
4 Net interest margin to average total asset
27
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