This study examines how recent crises have affected the capacity of the Serbian financial sector to service its debt. The research, which covers the years 2014 to 2022 and focuses on the financial and economic difficulties faced by the industry after the crisis, uses the debt ratio as its primary dependent variable and several selected macroeconomic and microeconomic indicators as independent variables. The aim of the study is to show how resilient and adaptable the industry is to challenging economic circumstances by examining the dynamics of indebtedness in the financial sector during periods of crisis. The results of this study will improve the understanding of the capacity of the financial sector to sustain debt during periods of economic crisis and will provide insight to policymakers, industry participants, and financial institutions regarding possible approaches to increase financial stability and longevity in this domain.

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