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UniCredit Serbia reports 40% increase in net profit for H1 2024

July 26, 2024

UniCredit’s Serbian branch reported a substantial net profit of nearly €109 million (RSD 12.7 billion) for the first half of 2024, reflecting a 40%...

Serbian banks achieve record profits in 2023: Insights and sector analysis

June 28, 2024

In 2023, Serbian banks marked a significant milestone with a collective net profit of 122.2 billion dinars, setting a record high for the sector,...

Serbia secures new loans for Ruma-Šabac-Loznica road construction amid rising costs

June 26, 2024

Serbia has announced new borrowing to fund the construction of the Ruma-Šabac-Loznica road, securing two separate loans totaling 15 billion dinars (approximately 127.2 million...

Serbia’s bank indebtedness trends: Insights from the latest credit report

June 21, 2024

In May, total indebtedness to banks in Serbia rose by 5.2% year-on-year, surpassing 30 billion euros for the year. Household debt for housing loans...

Digital banking surges in Serbia: Mobile transactions lead the way

May 31, 2024

At the close of the first quarter of 2024, Serbia witnessed a notable surge in the adoption of electronic banking services, with a total...

New player enters Serbia’s debt market: ODM Collection acquires claims of Universal Bank in bankruptcy

May 18, 2024

In addition to the eleven companies already involved in purchasing debts from bankrupt banks in recent years, a new player has emerged in the...

Alta Pay Group acquires significant stake in Addiko Bank AG

March 31, 2024

Alta Pay Group, owned by Davor Macura, has reportedly acquired around 30% of Addiko Bank AG shares, aiming to become the bank's largest individual...

Minority shareholders challenge NLB Komercijalna Banka’s forced buyout

March 20, 2024

During three days in April, minority shareholders of NLB Komercijalna banka, who owned priority shares, will continue non-litigation proceedings before the Commercial Court in...

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