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Serbia’s corporate credit cycle tightens as investment demand accelerates

Serbia’s corporate credit market is moving into a more difficult phase. Companies are asking banks for more money precisely as banks become less willing...

Serbian banks face a new export-finance test as CBAM turns carbon data into credit risk

Serbia’s expanding export base offers banks a sizeable working-capital opportunity, but the definitive EU carbon-border regime is changing which receivables remain bankable, which industrial...

Serbia’s fintech moment: Can Southeast Europe’s engineering powerhouse become a financial technology leader?

Serbia has the talent, payment infrastructure and export capacity to build a serious fintech industry. Its next challenge is turning those advantages into globally...

Serbia’s banks have the balance sheet — and almost all the power

A compact group of profitable lenders controls most financial assets. SEPA, open banking and consolidation will sharpen competition, but they will not quickly dislodge...

KfW finances what Serbia’s commercial banks cannot price

Germany's development bank turns federal policy into long-tenor capital for energy, cities and small companies. The money is concessional in design, but strategic in...

SEPA has landed. Serbia’s banks now face a European price war

Euro transfers became faster in May. The larger disruption comes from open banking, consumer-rate caps and a fintech sector learning to compete for the...

Serbia’s foreign-exchange reserves rise to record €30.5bn

Central-bank currency purchases and government borrowing lifted the reserve stock, strengthening Serbia’s external buffers but complicating the headline improvement Serbia’s foreign-exchange reserves rose to a...

Money supply, deposits and lending continue to expand

Serbia’s May 2026 monetary indicators show rising liquidity and credit activity, alongside a persistently large foreign-currency component. At the end of May 2026, the broadest...

Foreign demand returns to Serbia’s dinar bonds but remains far below the pre-pandemic peak

Foreign investors are rebuilding positions in Serbian government securities, attracted by yields of around 5 per cent, exchange-rate stability and the country’s investment-grade rating from...

EBRD and AikBank open Serbia’s first dinar factoring facility under trade finance programme

The European Bank for Reconstruction and Development has approved a €30 million revolving factoring facility for AikBank, creating the first local-currency operation completed in Serbia...

Serbia’s GDP growth accelerates to 3.6 per cent in the second quarter

Serbia’s economy expanded by a real 3.6 per cent in the second quarter of 2026 compared with the same period last year, strengthening the prospect that...

Corporate liquidity remains stable at the top and fragile below the surface

Serbia’s corporate sector entered 2026 without a generalised liquidity crisis, but the aggregate figures conceal substantial funding pressure among microenterprises, textile producers, public utilities...

Serbia’s credit market expands 17.1% as bad loans remain near record lows

Serbia’s banking system entered the second quarter of 2026 with rapidly expanding loan books and historically low levels of problem credit. Domestic lending grew 17.1%...

Serbia’s debt remains moderate, but a renewed shift into euros increases currency and refinancing exposure

Serbia’s headline public-debt ratio remains comparatively restrained, but the composition of that debt is moving in a less favourable direction. During the first quarter...
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