Jubanka ( sr-cyr, Јубанка), formerly known as Alpha Bank Srbija, was a commercial
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Becau ...
based in
Belgrade, Serbia. In December 2017, following the purchase in April 2017, it merged into
AIK Banka.
History
The bank was founded in 1991 as Jubanka and was the fifth-largest bank in Serbia as of 2005. On 26 January 2005, Greek
Alpha Bank
Alpha Bank is the second largest Greek bank by total assets, and the largest by market capitalization of €2.13 billion (as of 4 December 2018). It has a subsidiary and branch in London, England and subsidiaries in Albania, Cyprus and Romani ...
officially agreed the purchase of an 88.64% stake in Serbian ''Jubanka''. By June 2005, its name was changed to Alpha Bank Beograd.
In April 2017,
AIK Banka (majority owned by
MK Group
MK Group (Serbian Cyrillic: МК Група) is a Serbian holding company which operates in the agriculture, banking, and tourism sector. The company was established in 1983 and has since expanded its business operations across South East Europe ...
) purchased 100% of shares of the company, and reverted its former name ''Jubanka''.
On 22 December 2017, Jubanka has completed the process of merging into AIK Banka and more than 800 of its employees have left the company from June until December 2017.
Since 25 December 2017, Jubanka operates under name AIK Banka.
Also, housing and cash loans to citizens, as well as credit card debt, took
Société Générale Srbija.
See also
*
List of banks in Serbia
This is a list of banks in Serbia.
Central bank
* National Bank of Serbia
Commercial banks
As of 4 May 2022, there are 22 licensed commercial banks in Serbia. For each of them, there is a balance sheet total and number of employees as of 31 Dec ...
References
External links
*
1991 establishments in Serbia
2017 disestablishments in Serbia
2017 mergers and acquisitions
Banks established in 1991
Banks disestablished in 2017
Banks of Serbia
Companies based in Belgrade
Serbian brands
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