Komercijalna banka Skopje ( mk, Комерцијална банка Скопје; abbr. KBS) is a commercial bank with headquarters in

Skopje Skopje ( , , ; mk, Скопје ; sq, Shkup) is the capital and largest city of North Macedonia. It is the country's political, cultural, economic, and academic centre. The territory of Skopje has been inhabited since at least 4000 BC; r ...

, North Macedonia.

History

It was established in 1955 as Komunalna Banka (business bank for city of Skopje) and it was specialized for approving housing loans and financing construction operations. Since 1955, it has gone through several transformations characteristic for the banking

system A system is a group of interacting or interrelated elements that act according to a set of rules to form a unified whole. A system, surrounded and influenced by its environment, is described by its boundaries, structure and purpose and express ...

of the

region In geography, regions, otherwise referred to as zones, lands or territories, are areas that are broadly divided by physical characteristics ( physical geography), human impact characteristics ( human geography), and the interaction of humanity an ...

. On 1 January 1990, the bank became independent through its transformation into a joint stock

company A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared ...

under the name Komercijalna Banka A.D. Skopje. Today, Komercijalna Banka Skopje is a universal bank licensed for performing all types of banking operations, combining the functions of commercial banking, savings deposits and

investments Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

, as well as banking services provided to the citizens and enterprises in the domain of domestic and international payment operations.

References

External links

* Banks of North Macedonia Banks established in 1955 Brands of North Macedonia 1955 establishments in the Socialist Republic of Macedonia Companies based in Skopje {{RMacedonia-company-stub