Sitemap

Sberbank Serbia Doubles Net Profit Achieving Its Best Result

CorD Recommends

European Parliament Passes Groundbreaking AI Law

The European Parliament has adopted the Artificial...

European Parliament Members Endorse Western Balkan Reform and Growth Instrument

Members of the European Parliament's committees on...

US Leads Global Oil Production for the Sixth Consecutive Year

The United States has maintained its position...

Balkan Borders Blur as Free Labor Movement Pact Launches

Marking a significant shift in the labor...

EU Passes Landmark Media Freedom Law

The European Council has adopted a groundbreaking law aimed at safeguarding media freedom, pluralism, and editorial independence within the...

Scholz Champions Western Balkans’ Path to Membership

German Chancellor Olaf Scholz, in Slovenia, advocated for quickening the EU accession for the Western Balkans, underlining the importance...

Wiener Städtische Insurance company is the winner of Dobročinitelj (Benefactor) award

The company Wiener Städtische Insurance received the Dobročinitelj (Benefactor) award for socially responsible activities implemented during 2021, 2022 and...

CEB Grants €1.3 Billion Loans to Boost Social Sectors in 11 Countries

The Council of Europe Development Bank (CEB) has sanctioned loans totaling €1.3 billion for 11 member countries, including Serbia...

Serbia Advances in Renewable Energy with Pupin Wind Park Financing

In a significant stride towards renewable energy adoption, Serbia has finalized the financial arrangements for the Pupin Wind Park,...

Sberbank Serbia recorded an increase in profitability of 84% and achieved a profit after tax of 802.9 million dinars as of YE 2017. Growing customer base, new partnerships, asset quality improvement, a significant increase of transaction business and fee income together with flat operating expenses were the main drivers of the result.

“It is a great pleasure for me that we can report top business results for 2017 for all segments of our business. By developing new, innovative and creative solutions in the field of digitization, we have once again proved that we are following the needs of our clients and keeping up with the latest global trends in banking”, said Marijana Vasilescu, Head of the Executive Board and CEO of Sberbank Srbija.

Key results achieved during 2017:

  • NPLdecreased significantly from3% in 2016 to 12.7% in 2017
  • The total amount of deposits from clients amounts to 70.4 billion dinars, which is an increase of 4.6 billion dinars
  • Customer’s loans amount to 73.9 billion dinars, with a significant improvement in the quality of the portfolio due to the reduction of non-performing loans (RSD 7.1 billion NPL decline in relation to 2016)
  • The share of the bank in the total foreign trade with Russia reaches 20%
  • The realized increase in net fee income is 41%
  • The balance amountis 116 billion dinars with a growth of almost 12%.

An extensive customer satisfaction survey conducted by Sberbank Srbija in 2017 underpinned a very high level of customer satisfaction. Six out of ten respondents are ready to recommend Sberbank’s services, making Sberbank Srbija the best bank on the Serbian market.

 

Related Articles

MediGroup Appoints Marijana Vasilescu As The New CEO

MediGroup, the leading private healthcare company in Serbia appoints Marijana Vasilescu as the new CEO, starting 1st of April 2023. Marijana's arrival is another...

Sberbank Serbia Continues With Its Successful Operations In 2021

Thanks to excellent business results and significant credit placements in the area of ​​cooperation with private individuals and companies, Sberbank Serbia only during the...

Vladimir Bošković, Chairman Of The Executive Board, Sberbank Serbia

This Will Be An Exceptional Year

Sberbank Serbia has traditionally been a link and a bridge of partnership between the Republic of Serbia and the Russian Federation. And this is...

New eService “My Data For Bank” Presented

Prime Minister Ana Brnabic, Governor of the National Bank of Serbia Jorgovanka Tabakovic and Director of the Office for IT and eGovernment Mihailo Jovanovic...

Vladimir Boskovic To Become New Chairman Of The Executive Board Of Sberbank Serbia

Vladimir Bošković, a seasoned senior executive and current Member of the Executive Board in charge of Corporate Banking and Global Markets, will be appointed...

Marijana Vasilescu, President Of The Executive Board, Sberbank

A Link Between Serbia And Russia

Sberbank, one of the strongest banking groups in the world, surpasses its competitors in recognition and reputation, and for offering the most modern digital...

UNICEF and private sector provide protective equipment

The first arrival of protective equipment has today arrived in Serbia, which UNICEF, with the support of private sector partners and individuals, has provided...

Sberbank Donates Funds to RFZO, UNICEF, Kikinda General Hospital and Anja Stojanović

In a time when our country is facing a crisis situation, what we need most of all is solidarity. With an aim to help...