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Piraeus Bank Beograd
Piraeus Bank Beograd (full legal name: ''Piraeus Bank a.d. Beograd''), was a Serbian bank that existed from May 2005 until October 2018 when it was acquired by Direktna Banka. It was majority owned by Greek Piraeus Bank. Its particular activities were in the areas of large corporate banking, retail banking and SMEs. History Piraeus Bank started its operations in the Serbian market with a network of 9 branches and 176 employees. Today, the Bank has a business network of 34 branches, approximately 550 employees, it has developed sector of Piraeus Leasing and Piraeus Rent, and tens of thousands of clients. In November 2017, Direktna Banka bought Piraeus Bank Beograd from the Greek Piraeus Bank, for a sum in the range of 58–61 million euros. The complete merge is expected to be completed by the first quarter of 2018, and thus way Direktna Banka would have a total equity worth over 500 million euros. See also * List of banks in Serbia This is a list of banks in Serbia. Central ...
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Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ...
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Direktna Banka
Direktna Banka () was a Serbian bank based in Kragujevac. It ceased with operations in December 2021, after it was merged with the Serbian branch of the Eurobank Ergasias, forming Eurobank Direktna. History The origins of the banks date back to 1871 when it was founded in Kingdom of Serbia as "Kragujevačka okružna štedionica". In the beginning, bank served Šumadija region. Over the coming decades its operation was at the mercy of the region's eventful social and geopolitical history. Following World War II and establishment of Federal People's Republic of Yugoslavia, it re-established operation as "Komunalna banka" in 1955. In 1970, the bank was merged into the state owned "Jugobanka". 1991–2016 In July 1991, in the midst of the breakup of Socialist Federal Republic of Yugoslavia, it started operating independently within Jugobanka system as "Jugobanka Jubanka" a.d. Kragujevac. In 2000, Šumadija banka a.d. Kragujevac was merged into the bank. In June 2001, the Board of ...
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Belgrade
Belgrade is the Capital city, capital and List of cities in Serbia, largest city of Serbia. It is located at the confluence of the Sava and Danube rivers and at the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. The population of the Belgrade metropolitan area is 1,685,563 according to the 2022 census. It is one of the Balkans#Urbanization, major cities of Southeast Europe and the List of cities and towns on the river Danube, third-most populous city on the river Danube. Belgrade is one of the List of oldest continuously inhabited cities, oldest continuously inhabited cities in Europe and the world. One of the most important prehistoric cultures of Europe, the Vinča culture, evolved within the Belgrade area in the 6th millennium BC. In antiquity, Thracians, Thraco-Dacians inhabited the region and, after 279 BC, Celts settled the city, naming it ''Singidunum, Singidūn''. It was Roman Serbia, conquered by the Romans under the reign of Augustus and ...
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Serbia
, image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (green) and the claimed but uncontrolled territory of Kosovo (light green) in Europe (dark grey) , image_map2 = , capital = Belgrade , coordinates = , largest_city = capital , official_languages = Serbian language, Serbian , ethnic_groups = , ethnic_groups_year = 2022 , religion = , religion_year = 2022 , demonym = Serbs, Serbian , government_type = Unitary parliamentary republic , leader_title1 = President of Serbia, President , leader_name1 = Aleksandar Vučić , leader_title2 = Prime Minister of Serbia, Prime Minister , leader_name2 = Đuro Macut , leader_title3 = Pres ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ...
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Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ...
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Investment Bank
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also include currency gains ...
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Types Of Business Entity
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example: *private company limited by shares or Ltd. (United Kingdom, Ireland, and the Commonwealth) *public limited company (United Kingdom, Ireland, and the Commonwealth) *limited partnership * general partnership * chartered company *statutory corporation ...
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Piraeus Bank
Piraeus Bank () is a Greece, Greek multinational financial services company with its headquarters in Athens, Greece. Piraeus Bank's shares have been listed on the Athens Exchange, Athens Stock Exchange (Athens Exchange, ATHEX) since January 1918. In Greece, with a 30% market share in loans (34.4 billion) and 29% in deposits (54.6 billion), it is the country's largest bank. Piraeus has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. Overview Piraeus Bank is a universal bank providing various banking services. Historically a bank supportive of Small and medium enterprises, SMEs it now also possesses particular know-how in the areas of agricultural banking, consumer and mortgage credit, green banking, capital markets, investment banking, leasing and electronic banking. Piraeus Bank and its subsidiaries form the Piraeus Bank Group. Histor ...
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List Of Banks In Serbia
This is a list of banks in Serbia. Central bank * National Bank of Serbia Commercial banks As of 31 March 2025, there are 19 licensed commercial banks in Serbia. Below is a balance sheet total and number of employees from 30 December 2022 which does not include the merger of Eurobank Direktna with AikBank that happened on 31 March 2025. Recent name changes This is a list of recent (in last five years) name changes of currently active banks due to change of ownership structure: * On 30 April 2021, Vojvođanska banka a.d. Novi Sad changed its name into OTP Banka Srbija a.d. Novi Sad * On 19 November 2021, Opportunity banka a.d. Novi Sad changed its name to 3 banka a.d. Beograd * On 29 April 2022, Komercijalna banka a.d. Beograd changed its name to NLB Komercijalna banka a.d. Beograd * On 24 May 2024, Mobi Banka AD Beograd changed its name to Yettel bank AD Beograd * On 28 March 2025, Agroindustrijsko Komercijalna Banka "AIK Banka" a.d. Beograd changed its name to AikBank a.d. ...
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