In an address to banking and insurance representatives, National Bank of Serbia Governor Jorgovanka Tabakovic described the financial system as stable while urging institutions to prepare for risks arising from artificial intelligence, digitalization, climate change, geopolitical conditions and evolving business models. She emphasized that technology and innovation must be supported by effective risk management, consumer protection and supervision to preserve trust. Banking sector assets reached RSD 7,353 billion at the end of July 2026, while the nonperforming loan ratio fell to a record-low 1.98% and remained below 1% for housing loans. The capital adequacy ratio exceeded 20% at the end of June, and the liquidity coverage ratio was 199.14%, twice the regulatory minimum. In insurance, total premiums increased from RSD 61.5 billion to RSD 191.5 billion over 14 years, while assets rose from RSD 140.5 billion to RSD 455.7 billion. Building on previously outlined legislative reforms, Tabakovic reiterated that draft laws covering credit institutions, insurance and financial conglomerates are intended to keep regulation aligned with changing risks, strengthen institutions and user protection, and permit innovation without undermining trust. She also signaled that these principles will be reflected in the central bank’s supervision.
Source: 2026-09-29National Bank of Serbia
National Bank of Serbia governor outlines resilience priorities as nonperforming loans fall to record-low 1.98%
National Bank of Serbia Governor Jorgovanka Tabakovic said the financial system remains stable but must prepare for technology-driven and emerging risks. Banks reported a record-low 1.98% nonperforming loan ratio, capital adequacy above 20% and a 199.14% liquidity coverage ratio. Draft laws for credit institutions, insurance and financial conglomerates are intended to strengthen oversight, consumer protection and responsible innovation.