In 2024, the six largest banks in Serbia—Raiffeisen, Intesa, OTP, Unicredit, NLB, and AIK—reported a combined net profit of €1.1 billion, a 30% jump from 2023.
Raiffeisen Bank led the way with €249.2 million in profit, followed closely by Intesa with €229 million. OTP, now a dominant force in Serbia after recent acquisitions, earned €219 million.
Unicredit made €200.6 million, while NLB posted €141.6 million, and AIK Bank earned €82.2 million, marking significant growth for all.
The banks’ profits were bolstered by a surge in interest income, up 11%, and a rise in fees, which increased by 16%.
While cash loans have seen a rise, raising potential future risks, analysts remain positive due to Serbia’s strong employment market.
With new caps on interest rates imposed by the National Bank of Serbia, these banks may face future challenges, but their profitability continues to thrive.
