EBITDA

Serbia’s Banks Post Record 2025 Earnings as Interest-Margin Growth Moderates

Serbia’s banking industry generated a combined 166.5 billion dinars in profit during 2025, equivalent to about €1.4 billion, as high lending volumes, low credit losses and expanding fee income supported another year of exceptional returns. The result was recorded across 19 banks, with 16 institutions reporting annual profits above one billion dinars. The sector’s earnings remained among the largest generated by corporate entities in Serbia, although 2025 data indicate that the strongest phase of interest-margin expansion has started to recede.…