Vojvođanska banka

From Wikipedia, the free encyclopedia

Vojvođanska banka a.d. Novi Sad

Type	Public
Founded	1868
Headquarters	Novi Sad, Serbia
Key people	prof. dr Dejan Popović, CEO
Industry	Finance and Insurance
Products	Commercial banking, Investment banking
Employees	n/a
Website	voban.co.yu

Vojvođanska banka (full name: Vojvođanska banka a.d. Novi Sad) is one of the largest banks in Serbia. Vojvođanska Bank is a universal bank, with functions of commercial and investment banking. Bank has its headquarters in Novi Sad.

In retail banking, which is first in Serbian Dinars savings, third in foreign currency savings and first according to the number of issued VISA cards – over 430,000.^[1]

1 History
2 Branches
3 References
4 External links

[edit] History

The first branch of Vojvodjanska banka was founded in 1868 in Sombor as a credit cooperative. Later, in 1962, Vojvodjanska banka was founded as Privredna banka; and in couple of years Privredna banka was joined by Komercijalna banka Senta, Komercijalna banka Bačka Topola, Sremska banka Sremska Mitrovica, Kreditna banka Kula and Banatska banka Zrenjanin. And in 1973, Privredna banka became Vojvođanska banka, the largest banking institution in the province of Vojvodina and one of the largest in the country. It had 16 branches.

In the end of 1970s, Bank opened three independent representative offices in New York City, London and Frankfurt; and joint representative offices established in Moscow, Beijing and Tehran.

In 1980s, Vojvođanska Bank became a member of the Yugoslav Banking Consortium for the realization of the first loan granted by IFC for the development of small companies; and Associate Bank realized 70% of the total foreign exchange operations of Vojvodina economy. In 1989, the Bank split up into 9 equal successors; the Head Office and 8 branches. Later, during 1990s, bank starter to open more branches in Central Serbia, Banja Luka (in Republika Srpska) and in Podgorica (Montenegro). The branch office in Banja Luka became an independent bank with the major equity share in private ownership. Vojvodjanska banka was the co-founder and shareholder of VB Banja Luka.

From 1995, Vojvodjanska banka d.d. became Vojvodjanska banka a.d. (joint-stock company). Republic of Serbia owns 99.42% of shares.^[2]

In September 2006, National Bank of Greece bought 99.44% of Vojvođanska banka's capital for €385 million.