Soon, instead of the current 24, they will operate in our country for four less, because so many processes of interconnection of banks are underway. Two decades ago, there were 50 more of these financial institutions! Compared to 2011, the banking sector in Serbia lost a quarter of its workers, and 46% of branches were closed. The central bank claims that the consolidation of banks in Serbia has not reduced the quality of financial services.
In recent years, there has been an evident trend of decreasing the number of banks, their integration and the enlargement of the banking market. The last on the list is the recent request to the National Bank of Serbia from Raiffeisen Bank to take over Credit Agricole. The procedure on this request is still ongoing, as well as on the request of Eurobank for the merger of the Direct Bank. In the next period, the merger of Komercijalna banka with NLB banka is expected, as well as the acquisition of ownership in Sberb banka from AIK banka.
The remaining banks have fewer and fewer employees and branches, which is in line with the promotion of mobile and electronic banking, where clients are increasingly doing the work of bankers themselves, by making independent payments, withdrawing money, taking loans electronically …
According to the Central Bank, the number of employees at the level of the banking sector in September 2021 was 22,503, while in the year before the corona – in 2019 it was 23,087. worker. More than 500 bankers have lost their jobs since then, and compared to a decade earlier when there were 29,228, there are now almost 7,000 fewer. When it comes to the number of organizational parts, at the level of the banking sector in September 2021, the organizational network consisted of 1,536 branches, in 2019 1,598, and in 2011 – 2,383 organizational parts, which is 847 more than today.
– Compared to last year and the year before the crown, 26 banks operated in the banking sector of the Republic of Serbia, and in 2011, 33 banks – the NBS announces. – In the past period, there have been several changes in the ownership structure. In accordance with its legal powers, the NBS decided on the bank’s request for approval to merge with another bank, or for the acquisition of ownership that allows five percent or more of voting rights in another bank. The conditions are regulated by the Law on Banks and bylaws, and include the economic justification of status changes and that there are no negative consequences for the situation on the financial market.
As our interlocutors say, the consolidation of banks has contributed to greater efficiency and improvement of the quality of products and services, as well as greater resilience of the banking sector, and thus to the preservation of the stability of the financial system. As they explain, the change in the ownership structure does not affect the continuity of the bank’s operations, nor the rights and obligations that the bank assumed before that change, nor the impact on the change in the status of the bank’s clients.
SAME SERVICES AND AFTER SALE
WHEN a bank acquires ownership and becomes a new shareholder of another bank, it still has the same rights and obligations towards clients – they explain in the NBS. – Contracts that have been concluded do not change, and clients retain all the rights that have been agreed with the bank. The change of products and services can occur only if the bank that changed the owner offers other conditions to the clients, and it depends on the clients whether they will accept them.
Follow us through iOS and android apps