the financial reports of the banks that operated in Serbia and Montenegro, covering the period from the first quarter of … results indicate that variations of return on assets and return on equity in Serbia can be explained by the variations of the … Montenegro does not give enough argument to support such explanation, and bank profitability can be explained by bank efficiency …

that when calculating the value of these indices, the National Bank of Serbia most often uses the absolute value of assets … organizations. The results of the static and dynamic analysis of concentration indicate that, compared to Montenegro, the banking … sector of Serbia is characterized by a larger number of banks, less concentration on the market, and stronger intensity of …

of economy in Serbia, Montenegro, and Bosnia and Herzegovina. Finally, the paper emphasizes the importance of building an … competition in market. State aid was analysed in terms of its volume and structure in the Republic of Serbia, as well as …