Bi-Weekly Report 21 March-3 April 2017


GDP growth for Q4:16 and FY:16 surprise on the upside

The tourism sector appears to have reached its nadir in the first two months of the year



The profitability of the banking system strengthened in FY:16

The IMF warns against fiscal slippage



Another weak coalition likely to emerge from the March 26th parliamentary election

The profitability of the banking system rose sharply in FY:16, due both to lower provisioning and higher pre-provision earnings



Vucic elected President in a landslide victory, boding well for a continuation of the reform efforts

Moody's upgrade Serbia's long-term sovereign debt rating to Ba3



Real GDP growth moderated sharply to a 4-year low of 2.4% in FY:16, as the two-year political deadlock weighed on domestic demand

The unemployment rate reached a record low of 23.7% in FY:16



The banking sector bottom line weakened in FY:16, mainly due to higher provisioning prompted by two large bankruptcies



The banking sector bottom line improves for a 5th consecutive year in FY:16



Customer deposits (FX-adjusted) gained momentum in H1:16/17, underpinned by higher EGP remuneration rates and a recovery in workers' remittances from abroad

Credit to the private sector (FX-adjusted) accelerated in H1:16/17, on the back of improving loan supply and demand


Appendix: Financial Markets

Bi-Weekly Report 21 March-3 April 2017

Contact Us

We are always ready to respond to your requests for information or to answer your questions about our products and services.

Request more information

Please complete the following details so we can provide you the information you need. In case of fraud, please contact our call center directly at 210 484 8484.
Optional custom content that replaces the the entire default content.