The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Foreign banks target Serbia

Foreign banks are racing to enter the Serbian banking market, one of the few in eastern Europe that still has large assets up for sale and strong potential for growth. Austria's Raiffeisen has stolen a march on its rivals but Italian and Greek banks are eager to build up business.

Belgrade privatizations are
performing well

SUDDENLY, AFTER A long hiatus, Belgrade is buzzing with talk of M&A deals. The services and industrial sectors were the first to see consolidation, but now banking is the focus of attention.

The Serbian government has begun privatizing assets it acquired in the banking crisis of 2000, including some of the biggest banks. It has already sold an 88% stake in Jubanka, the seventh-largest bank, to Alpha Bank, one of Greece's leading banks. It plans to sell several other banks this year, including Vojvodjanska banka, the second-biggest bank, and Novosadska banka, an important regional bank.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree