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Consolidation of the Regional Banking Market

Concentration, Consolidation, and Stepping into the Digital Sphere

A characteristic of the Serbian market, like most of the countries in the region, is distinct bankocentrism

In the future, I don’t expect other segments of the financial system (various types of insurance, securities/bonds market) to be able to be serious competition against the banking sector, but what can certainly be expected is more acute competition between the banks themselves.

In this sense, it is realistic to expect the consolidation of the banking market to follow, in the direction of greater concentration and enlarging banking assets, i.e. reducing the number of banks. In addition to this, with the aim of ensuring a sustainable growth strategy, banks will expand their product range, develop direct sales channels and strive towards the merging of services with which they can meet the client’s every need.

In this regard, banks will invest in the further development of their digital platforms and services, which will enable direct access to a large number of potential clients with a tendency to availability at any time, and with the aim of ensuring banking transactions can be performed faster, easier and with fewer costs.

In the period that lies ahead, AIK Bank will continue to strengthen its capital base, thus creating the potential for further growth and the expansion of its operations

In the period that lies ahead, AIK Bank will continue to strengthen its capital base, thus creating the potential for further growth and the expansion of its operations. The fact that AIK Bank expanded its activities to the EU market – by purchasing a 13.88% stake in Slovenia’s Gorenjska Bank from Kranj – does not just mean expanding into new markets, but also simultaneously a greater responsibility towards customers, partners and shareholders in the bank, in terms of further increases in yield and ensuring greater certainty.

In this context, all further concentration of the regional market can contribute to the expansion of cooperation in the real sector of the economy, strengthening the economic competitiveness of the entire region.

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