profits

Serbian Banks Report Record Earnings in 2024

The six largest banks in Serbia have reported a significant increase in profitability, generating a combined net profit of approximately €1.1 to €1.2 billion in 2024. This marks a year-on-year growth of around 30%, solidifying the banking sector's status as one of the most profitable areas within the national economy. The surge in profits is primarily attributed to elevated interest margins, as both eurozone and local interest rates continue to impact lending portfolios, while the adjustment of deposit rates has…