Our capital markets competence in Serbia

	Our capital markets competence in Serbia In the capital markets business, Erste Bank Serbia focuses on foreign exchange and money market products as well as hedging solutions for foreign exchange and interest rate risk

Erste Group in Serbia

Erste Bank a.d. Novi Sad is a bank strongly focused on retail, local communities and SME business covering the territory of the whole country. The bank currently has 0.45 million clients and a network of 91 retail branches as well as 4 centers for corporate business. Erste Bank a.d. Novi Sad offers a wide range of financial products. Recognized as a systemically important bank, Erste Bank a.d. Novi Sad has been achieving record business results for several consecutive years. The market share of the bank in terms of total assets is currently at around 5.9% and it has increased almost five times since its entrance to the market. The bank positions itself as a long-term partner of Serbia’s growing middle class. 

Capital markets business in Serbia

In the capital markets business, Erste Bank a.d. Novi Sad mainly focuses on foreign exchange and money market products. Erste Bank a.d. Novi Sad provides full range of services to corporate and institutional clients in “one-stop-shop”: foreign exchange, money market, hedging, brokerage, custody, consulting and advisory. As a client-oriented bank, Erste Bank a.d. Novi Sad concentrates on the individual needs of each client. Capital markets team consists of 18 employees strongly focused on customer business. Our knowledge, experience as well as strict following code of conduct is widely recognized at the local and international market.

Market insight Serbia

Serbian economy is expected to grow 3.2% in 2019 and 3.5% in 2020, with growth rate to stabilize between 3.3% and 3.5% onwards. The country has enjoyed a notable macroeconomic recovery in past five years. Serbian government is looking to further improve business conditions, by engaging in strategic projects, such as economic and investment agenda for the period 2019-2024, envisaging structural reforms, bringing down unemployment to single digit percentage, reducing tax burden on salaries, introducing tax incentives, continued reform of tax administration and, most importantly, large capital investments. Higher credit potential is increased through favorable macroeconomic environment. EU negotiations received boost in recent period confirming commitment towards EU membership in mid-term.

Mario Grizelj

Head of Financial Markets Division

Erste Bank a.d. Novi Sad
Milutina Milankovića 3/A
11070 Beograd (Novi Beograd)
Tel.: +381 (0) 112090184
mario.grizelj@erstebank.rs

Contact

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