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2012, vol. 60, iss. 7-8, pp. 372-385
Concentration and competitiveness of the banking market in Serbia: Current situation and possible future changes under the influence of market consolidation
University of Belgrade, Faculty of Economy, Department of Business Economics and Management
Strategic and tactical measures to overcome real sector competitiveness crisis in Serbia (MESTD - 179050)

Keywords: banking market; consolidation; Serbia; concentration; competition
Serbia is a bank-centered financial market, which means that the analysis of concentration and competition is important. Currently, the banking market is weakly to moderately concentrated or mildly oligopolistic. In the future, we can expect a consolidation of the banking market in terms of reducing the number of banks and strengthening the market power of the largest banks. Possible channels of consolidation are the sales of the remaining state owned banking package, takeovers between banks and the disappearance of some banks as a result of competitive selection. The paper analyzes the possible scenarios for the future consolidation and their impacts on the competitive dynamics. The authors argue in favor of a positive impact of a more moderate consolidation on competition indicators, but are also warning the regulator to prevent excessive concentration and cartel arrangements.
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article language: English
document type: Review Paper
DOI: 10.5937/ekopre1208372L
published in SCIndeks: 05/02/2013