The New Challenges of the Western Balkan Banking Industry During Ongoing Global Crisis

Svetlana Sabljic, Tajana Serdar Rakovic and Vladimir Vasic

Journal of Balkan and Near Eastern Studies, 2023, vol. 25, issue 4, 671-682

Abstract: The current energy crisis, COVID-19 pandemic and the ongoing crisis in Ukraine have been negatively affecting several channels, including energy, trade and the financial sector. As banks play the main role in all real sector business activities, it is of great importance to examine the impact of the COVID-19 pandemic and the Ukraine crisis on bank performances. Currently, banks are showing weaker profitability after the strong recovery in 2021, while the world is facing the impact of the war on energy prices, inflation and growth, which reinforces the existing vulnerabilities. This article assesses the impact of the current crisis on the financial performance of the banking sector in the Western Balkans. Our study shows that the energy and COVID-19 crisis have had a detrimental effect on the financial performance of banks in the Western Balkans. Furthermore, the Ukraine crisis will prolong and extend these negative effects on the financial stability and liquidity of the banking sector in Western Balkans.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/19448953.2023.2167166 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:cjsbxx:v:25:y:2023:i:4:p:671-682

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/cjsb20

DOI: 10.1080/19448953.2023.2167166

Access Statistics for this article

Journal of Balkan and Near Eastern Studies is currently edited by Professor Vassilis Fouskas

More articles in Journal of Balkan and Near Eastern Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().