Karanovic & Nikolic

Regulatory Update — Serbia: the key risks and mitigating measures in the banking sector, the Vienna Initiative and more

By Darko Jovanovic

There are 30 banks in Serbia, of which six are state owned (wholly or partially) and 21 are foreign owned. Banking assets in Serbia are 75 per cent owned by ultimately foreign banks, of which 71 per cent are owned by EU-based banking groups. The top 10 banks hold 73.2 per cent of assets while seven are foreign owned (one Russian, the rest EU/eurozone). In the past two years, three banks that were under ultimate state control lost their licences.

The Serbian banking sector is exposed to a number of risks that can be categorised into those of a foreign nature and those that are domestic. The main foreign risks are that EU-based banks have been reducing their cross-border exposure and that the prolonged negative effect of the economic crisis in the EU has reduced foreign direct investment. Another factor that must be reviewed, as it remains unclear, is whether the establishment of the European banking union pre-supposes a single regulatory mechanism or supervision…

Click on the link below to read the rest of the Karanovic & Nikolic briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Karanovic & Nikolic

View more briefings from Karanovic & Nikolic

Analysis from The Lawyer

View more analysis from The Lawyer


Resavska 23

Number of fee earners: 80
Number of lawyers: 80
Number of Partners: 16