Sitemap

Sberbank Serbia Doubles Net Profit Achieving Its Best Result

More...

Serbian Prime Minister Announces New Cabinet Members

Serbia's Prime Minister-designate Ana Brnabic on Saturday...

Western Balkans Regular Economic Report: Fall 2020

A semi-annual report on recent economic developments...

El Al To Launch Belgrade Flights

El Al Israel Airlines will inaugurate flights...

News

Serbian Prime Minister Announces New Cabinet Members

Serbia's Prime Minister-designate Ana Brnabic on Saturday announced her new Cabinet. President Aleksandar Vucic had tasked Brnabic to form a...

Western Balkans Regular Economic Report: Fall 2020

A semi-annual report on recent economic developments and economic policies in the Western Balkans (Albania, Bosnia and Herzegovina, Kosovo,...

El Al To Launch Belgrade Flights

El Al Israel Airlines will inaugurate flights between Tel Aviv and Belgrade starting 1. november. The carrier will operate...

EIB And Erste Bank Serbia Sign €30 Million Loan To Help Fast Recovery Of Serbian SMEs And Mid-Caps

- The EIB will invest €30 million to accelerate the recovery of Serbian companies operating in sectors most affected by...

Clean Air Challenge

UNDP Serbia, in cooperation with UNICEF and WHO, has announced the Clean air challenge to call proposals for innovative...

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.

 

Advertising

Related Articles

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...

Super Payment Terms for Super Payment Card Users at Tehnomanija Facilities

For all users of the Super Payment Card, Sberbank has prepared facilitated terms of purchase of the entire Tehnomanija range for 2 - 12...

Great offer of Sberbank cash and refinancing loans

An honest and professional relationship, a partnership between bank and client, is one of the basic parameters when choosing a bank. Following the needs and...

Sberbank Business Forum: Meeting of the largest companies of Russia and Central and EE

Sberbank Business Forum was held today in Belgrade in the presence of the management of Sberbank from Russia, the region and Serbia, as well...

Traditional meeting of SAM and the Fiscal Council of Serbia

Macroeconomic and fiscal developments and expected trends in 2019, measures that Serbia should implement in order to generate economic growth and opportunities for SME...

Sberbank named strongest banking brand in the world by Brand Finance

The international agency Brand Finance has released the ranking of the leading brands for 2018. With Sberbank, for the first time, a Russian banking...

Vladimir Bošković, Sberbank member of the Executive Board

Reliable Partner to Exporters

The international rating agency Brand Finance has pronounced Sberbank the strongest bank brand in the world. A new member of the Sberbank Serbia Executive...