The majority of financial institutions in Serbia achieved positive results in 2022, the Agency for Economic Registers (APR) announced today.
Banks, as the main carriers of the financial system, achieved a positive result of about 87.77 billion dinars, which is an annual growth of 77.9 percent.
“With the continuation of consolidation of the banking sector, 21 banks operated in 2022, two fewer compared to the previous year, which consequently led to a decrease in the number of employees by 192,” the Agency stated.
In the insurance sector, the total profit was 8.21 billion dinars, which is 26.1 percent less than the previous year. The leasing market also recorded a drop in profits, where 12 providers of financial leasing made a profit of 1.04 billion dinars, which is 14.4 percent lower than in 2021, while the number of employees decreased slightly.
“Operating on a shallow and still small capital market, broker-dealer companies achieved a positive net result, which decreased by 52.9 percent compared to the previous year,” the Agency stated.
Voluntary pension fund management companies made a total profit of 203 million dinars, which was reduced by 12.3 percent compared to 2021, while the number of employees remained almost at the same level.
Investment fund management companies had a total loss in the amount of eight million dinars, with one company operating more than in 2021. Voluntary pension funds, of which there are seven, and open investment funds with a public offering, of which there are 24, recorded negative results.
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