Experts are expected to claim 29 banks for a country where gross domestic product is less than 37 billion euros last year. However, there is an unexpected situation because previously foreign banks were already bought by domestic banks and foreign banks are buying local businessmen.
Meanwhile, 100-year-old owner of AIK Bank, Miodrag Kostic, withdrew the first move to take over Alpha Bank.
Last year, AIK Bank was the first bank to have a net profit of € 118 million in Serbia, the fourth of half a billion euros in capital, and the sixth in a total of 1.8 billion euros in total.
New players in this market were Andrej Jovanovic and Bojan Milovanovic, who first bought the Serbian branch of the Nova kreditna bank Maribor, renamed the Direct Bank, and then # bought & Pireus and the Findomestik Bank.
Before joining Piraeus, the Direct Bank at the end of 2017, the tenth with 16m euros profit, the 0.8% (Pireus Bank's share of 1.5%) and the total amount of capital 19 It was in line. From 33m euros, the capital of Pireus Bank is three times more than the 108m euros.
Most probably do not remember banks operating in Serbia for over 80 years, almost two years ago, working with internal capital. Already in 2004, the numbers dropped to 47, and the trend continued, but new "players" such as Bank of China or Mira Bank from the United Arab Emirates also reached this vehicle.
There is almost consensus in professional circles that Serbia still has a tightening in the banking market; Because the market share is less than two percent of the banks, hard games are almost never standing.
At present, there are 14 banks with a market share below 1.5 percent. While all of them approved only 7.5% of total loans, the shares of Intesa, Komercijalna bank, Unnikredit, Societe Generale, Raiffeisen and AIK banks, the sixth largest banks, were 62.2%.
Almost everyone in the big six has a bigger share of the 14 small banks. For this reason, economy journalist Miško Brkić is reminiscent of six "Guliver" and "Liliputans" in the Serbian banking market.
Over time it is certain that some of the existing banks will be the target of taking over. After all, Finance Minister Sinisa Mali has announced that the state plans to sell its shares in Jubmes Bank and Komercijalna by the end of this year next year and that the strategy of the Serbian Bank has been prepared. In addition, for many months, the public predicted who would take the Societe Generale Bank, because the French group has already withdrawn from the Croatian market.
Im As long as shareholders still have the patience to meet these minuses, I'm not sure they will survive for ten long-term banks with a market share of less than 0.4%, even in the last sixteen years, with net losses. For all these reasons, I would not be surprised if power relations in the banking sector have changed dramatically in the foreseeable future, but before something similar happens in other countries.
In favor of this thesis, the Serbian market also has a low degree of intensity. In Croatia, the four largest banks account for almost 70% of total assets, and the largest four banks in Serbia approve about 47% of all loans. Therefore, Ivan Nikolic, a member of the Governing Council of the National Bank of Serbia, believes that consolidation is not only expected, but desirable.
"This is a positive process, because it will increase performance among banks and strengthen competition, which will benefit customers because they will get cheaper loans." Nikolic said recently that he has not seen the fact that banks have bought domestic investors from the Beta agency. Earlier, a member of the NBS Council, "the experience showed that foreign owners are not always successful," he said.
Within the largest six group there are only two banks, currently the majority of which are domestic capitalist Komercijalna and AIK bank, the "book" at an earlier date can save only one letter, as the state is only looking for a buyer for Komercijalna Bank.
If we look at the results of the company for the year 2017, the highest amount of money for the purchase of new banks, net profit of 118 million euros was announced last year. In addition, Miodrag Kostic demonstrated clear intentions for further expansion in Serbia and the region.
He is, in some way, the only businessman to have entered the EU as a co-owner of the Gorenjska bank. Therefore, it is possible for AIK Bank customers to provide additional benefits and to facilitate their work through a bank in EU and its partners in Slovenia.
The approval of European and Slovenian central banks for the purchase of majority shares of the Kecioren in Gorenjska bank is the confirmation of the highest place where the AIK bank is strong, stable and liquid, and these are the features that savings accounts, in particular interest rates, take more into account. historically lowest rates.