Created by Anna Mileiko 
Erste Bank a.d. Novi Sad was established in 2005, when Erste Bank Group acquired Novosadska Banka, the oldest financial institution in Serbia. Erste Bank a.d. Novi Sad is focused on providing retail, business and corporate banking products and services to natural persons, local communities and small and medium-sized enterprises. Erste Bank a.d. Novi Sad also offers premium and private banking services.
In 2023, Erste Bank a.d. Novi Sad achieved the position of 8th largest bank in Serbia with a market share of 6.38%; its total assets grew by 7.60%.
Additionally, the bank became the 13th profitable bank in relation to its total assets showcasing 1.52% return on assets and 12.24% return on equity in 2023.
Also the lender held the 10th position regarging its loans-to-deposits (L/D) registering 79.19% L/D ratio in 2023.
Deposits up to 50,000 EUR are covered by Serbian deposit guarantee scheme in Erste Bank a.d. Novi Sad.
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Erste Bank a.d. Novi Sad ranks as the 8th largest bank in Serbia by total assets. In 2023 its total assets were 379.24 bln RSD, representing a 6.38% market share. In 2023 the bank's annual profit was 5,547.07 mln RSD.
Deposit Insurance Agency (AOD)Erste Bank a.d. Novi Sad protects deposits up to up to 50,000 EUR per depositor through Serbia's deposit guarantee scheme. The scheme applies to any credit balance made by natural persons, micro-, small- and medium-sized legal entities. The bank participates in the Deposit Insurance Agency (AOD), making regular contributions into it.
Erste Group (Austria)Erste Bank a.d. Novi Sad is a member of Erste Group (Austria).
Bulevar oslobođenja 5, 21000, Novi Sad, Serbia
+381 60 79 79 000
+381 21 48 09 700Erste Bank a.d. Novi Sad has profiles at the following social networks:
Erste Bank a.d. Novi Sad is authorized and supervised by the National Bank of Serbia (reference number 08063818).
In 2023 total assets of Erste Bank a.d. Novi Sad were 379.24 bln RSD. Growth compared to the previous period (2022) was 7.60%. The evolution of the total assets of Erste Bank a.d. Novi Sad is shown at Chart 1 below.
Chart 1. Total Assets of Erste Bank a.d. Novi Sad.
Recent changes in total assets of Erste Bank a.d. Novi Sad and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 54.7 | 60.3 | +10.28% |
| Loans to banks | 10.3 | 22.5 | +117.65% |
| Loans to customers | 217.0 | 227.4 | +4.79% |
| Total Assets | 352.5 | 379.2 | +7.60% |
Table 1. Recent changes in total assets of Erste Bank a.d. Novi Sad (bln RSD).
Recent changes in total liabilities of Erste Bank a.d. Novi Sad and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Bank deposits | 68.8 | 60.2 | -12.58% |
| Customer deposits | 227.8 | 255.4 | +12.15% |
| Total Liabilities | 352.5 | 379.2 | +7.60% |
Table 2. Recent changes in total liabilities of Erste Bank a.d. Novi Sad (bln RSD).
Recent changes in gross profit of Erste Bank a.d. Novi Sad and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 13,449.5 | 21,947.0 | +63.18% |
| Interest Charges | -3,245.5 | -7,322.9 | +125.63% |
| Net Interest Income | 10,204.0 | 14,624.1 | +43.32% |
| Commission Income | 4,994.5 | 5,406.2 | +8.24% |
| Commission Charges | -1,644.5 | -1,769.9 | +7.63% |
| Net Commission Income | 3,350.0 | 3,636.3 | +8.54% |
Table 3. Recent changes in gross profit of Erste Bank a.d. Novi Sad (mln RSD).
In 2023 annual profit of Erste Bank a.d. Novi Sad was 5,547.07 mln RSD. Growth compared to the previous period (2022) was 136.61%. The evolution of the annual profit of Erste Bank a.d. Novi Sad is shown at Chart 2 below.
Chart 2. Annual Profit of Erste Bank a.d. Novi Sad.
In 2023 Erste Bank a.d. Novi Sad was ranked the 8th largest bank in Serbiain terms of total assets, having 6.38% of the domestic market share.
Chart 3. Market share of Erste Bank a.d. Novi Sad (among banks in Serbia)
Historical changes in Erste Bank a.d. Novi Sad's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 8 | 6.38 % |
| 2022 | 9 | 5.84 % |
| 2021 | 8 | 5.43 % |
| 2020 | 7 | 6.24 % |
| 2019 | 6 | 5.67 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Erste Bank a.d. Novi Sad listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 7 |  | 7.72% | 458.70 bln RSD (+11.24%) |
| 8 | | 6.38% | 379.24 bln RSD (+7.60%) |
| 9 |  | 5.42% | 321.84 bln RSD (+6.19%) |
Discover key identifiers of Erste Bank a.d. Novi Sad including its BIC, LEI, company number.
BIC: GIBARS22
The BIC (also known as SWIFT code) for Erste Bank a.d. Novi Sad is GIBARS22. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | GIBARS22 |
| Bank BIC Code | GIBA |
| Country Code | RS (Serbia) |
| Location Code | 22 |
| Branch Code | - |
LEI: 529900MF2S6O7SB8OJ26
Erste Bank a.d. Novi Sad’s LEI is 529900MF2S6O7SB8OJ26. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 529900MF2S6O7SB8OJ26 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | MF2S6O7SB8OJ |
| Verification ID | 26 |
Company Registration Number: 08063818
Erste Bank a.d. Novi Sad is registered in Serbia under company number 08063818. In Serbia,Company Registration Number (Матичен Броj) is assigned automaticallywhen registering a company; the company details are then availablein the Serbian Business Registers Agency.The registration number is a unique and unchangeable identifier whichconsist of 8 digits.
| Key | Value |
|---|---|
| Company Number | 08063818 |
TheBanks.eu identified several banks similar to Erste Bank a.d. Novi Sad based on various criteria, including:
