Banking in Serbia

Banks in Serbia are independent in their pursuit of profit-oriented business activities based on the principles of solvency, profitability, and liquidity.

Every-day payment transactions are with a few exceptions, made in Serbian dinars, and one can use various types of credit cards (Visa, MasterCard, Diners, American Express).

The crucial reason for these changes is the fact that the Development Bank of Vojvodina was stripped off work permit and it operated with a loss of RSD 6.9 billion in the same period in 2012, the NBS said.

The indicators of profitability continue the recovery trend, however they are still below the level of the pre-crisis period, the report reads.

The indicators' recovery dynamics will mostly depend on the banks' business policy which at the moment aims at refraining from taking new loans and investing in the most liquid and the most safe forms of investments such as repurchase agreement securities of the NBS and Serbia's bonds.