Serbia Banking & Financial Services Q1 2020
:Serbia's banking and financial services sector will continue to benefit from the country's broadly favourablemacroeconomic backdrop and its gradual move towards EU membership. Credit growth is expected to grow in 2020 by 11%following favourable borrowing conditions in the country. However, the non-banking sector remains small and relativelyundeveloped, making it a challenge to compete with other regional markets. Nonetheless, there is a platform for long-term growth,and despite ongoing headwinds, the industry could yet see the arrival of more international players as it matures.
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