Serbia's banking sector reported a combined profit of €1.4 billion last year, marking a 6.5% increase from the previous period.
The industry, comprising 19 active institutions, demonstrated robust earnings growth even as the broader economic environment presented challenges for corporate borrowers.
These top-tier lenders hold approximately three-quarters of the market share, effectively capturing 86% of the sector's total earnings.
The market is highly concentrated, with the six largest banks accounting for €1.2 billion of the total profit.
These top-tier lenders hold approximately three-quarters of the market share, effectively capturing 86% of the sector's total earnings.
This consolidation highlights the dominance of major players in the Serbian financial landscape.
The divergence between bank profitability and the financial health of their clients has drawn attention from local media.