Serbias banking sector has strong potential for growth, as it is still underdeveloped compared to banking industry in other CEE states, Austrias Erste Bank Managing Board Chairman Andreas Treichl said in statement with Beta news agency. Treichl also praised the National bank of Serbia (NBS) for its role in preserving stability of the local banking sector amid crisis. Serbian unit of Austria s Erste bank is one of the 34 lenders operating in the country. The biggest lenders by assets are Serbian unit of Italy s Banca Intesa and state-owned Komercijalna banka.
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Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more
Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more
Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more