Raiffeisen Bank (Serbia) Explained

Raiffeisen banka a.d.
Native Name:Рајфајзен банка а.д Rajfajzen banka a.d.
Native Name Lang:sr
Type:Joint-stock company
Industry:Finance and Insurance
Predecessor:Raiffeisenbank Jugoslavija a.d.
Location City:Belgrade
Location Country:Serbia
Area Served:Serbia
Key People:Zoran Petrović (Executive director)
Products:Commercial banking, Investment banking
Revenue: 143.35 million [1]
Net Income: €56.71 million
Assets: €2.267 billion [2]
Equity: €489.32 million
Owner:Raiffeisen banka a.d. Beograd (100%)
Num Employees:1,565
Parent:Raiffeisen Zentralbank Österreich AG
Subsid:Raiffeisen Leasing d.o.o.
Raiffeisen Futura a.d.
Raiffeisen Invest a.d.

Raiffeisen banka a.d. Beograd (Serbian: {{lang|sr-Cyrl|Рајфајзен банка а.д. Београд) is the Serbian subsidiary of Austria-based Raiffeisen Bankgruppe. As of 2009, bank maintains a total of 102 branches throughout Serbia.

History

Though it obtained the operating licence in March 2001, and fully operated since July 2001, the bank officially opened on 12 October 2001 during the Austrian chancellor Wolfgang Schüssel's state visit to Belgrade. Its original name was Raiffeisenbank Jugoslavija a.d.

With a founding capital of 10 million (99% of it belonging to RZB and 1% to Austrian Uniqa Beteiligungs Holding GmbH - insurance company), it became the first 100% foreign-owned bank in then-Federal Republic of Yugoslavia. Starting from Belgrade, the bank gradually expanded its network all over Serbia. During 2004, the name was changed to Raiffeisen banka a.d.

On 5 August 2021, Raiffeisen Bank signed an agreement to acquire 100% of the shares of Crédit Agricole Srbija.[3]

See also

External links

Notes and References

  1. Web site: Bilans uspeha (2017) - Raiffeisen Bank . apr.gov.rs . 8 October 2018 . Serbian . PDF.
  2. Web site: Bilans stanja (2017) - Raiffeisen Bank . apr.gov.rs . 8 October 2018 . Serbian . PDF.
  3. Web site: RBI sees growth potential in Serbia / Signs agreement on the acquisition of Crédit Agricole Srbija A.D. Novi Sad. 6 August 2021.