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AIK Bank Nis
AIK Banka (full legal name: ''AIK Banka a.d. Belgrade'') is a commercial bank based in Belgrade, Serbia. History Upon being founded, AIK Banka initially operated as an internal bank of the Agro Industrial Combine Niš since 1976. On 10 August 1993, after obtaining the license of the National Bank of Yugoslavia, it became a full-fledged financial institution, working with legal entities and individual clients, registered as a joint venture. Greek ATEbank acquired 24.99% of common and 24.99% of preferential shares of AIK Banka in 2006 for an undisclosed amount. In February 2014, a Serbian company Sunoko (subsidiary of MK Group), became the major shareholder of the company with 50.37% of total shares at the time. On 1 July 2015, the bank moved its headquarters from Niš to Belgrade, and also changed its legal name to AIK Banka a.d. Belgrade. In 2015, AIK Banka became a member of the MK Group. By purchasing the shares of the Slovenian Gorenjska banka in 2016, AIK Banka increased it ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), 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 (business), 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 company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Banking
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. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Belgrade
Belgrade ( , ;, ; Names of European cities in different languages: B, names in other languages) is the Capital city, capital and List of cities in Serbia, largest city in Serbia. It is located at the confluence of the Sava and Danube rivers and the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. Nearly 1,166,763 million people live within the administrative limits of the City of Belgrade. It is the third largest of all List of cities and towns on Danube river, cities on the Danube river. 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 ...
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Miodrag Kostić
Miodrag Kostić (Serbian Cyrillic: Миодраг Костић; born on 25 August 1959) is a Serbian businessman. Kostić is the founder and owner of MK Group, a diversified holding company focusing primarily on agribusiness. As of 2014, he is the 2nd richest man in Serbia right after Miroslav Mišković, with an average net worth of 520 million euros. Early life and education Kostić was born on 25 August 1959 in Vrbas, SFR Yugoslavia. Kostić graduated from the Faculty of Economics at the University of Novi Sad at the Department of Information Technology in 1983. Professional career In 1983, he began a private business – initially as the owner of a private company for trade, import-export and manufacturing activities which in 1995 grew into MK Group. Since 2000, MK Group has managed sugar factories (factories Pećinci, Vrbas, Kovačica), more than 10 agribusiness enterprises, trade and warehouse complexes ("Granex-port", "Žito Bačka"). As of December 2017, Kostić’s MK ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by 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. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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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 with a special focus on 4 countries in the region: Serbia, Slovenia, Croatia and Montenegro. History In 1983, Serbian economist and businessman Miodrag Kostić began a private business, initially as an owner of a private company for trade, import-export and manufacturing activities. MK Group now operates in several countries: Serbia, Slovenia, Croatia and Montenegro. Divisions Agribusiness Since 2000, MK Group has managed sugar industry factories (factories Pećinci, Vrbas, Kovačica), more than 10 agribusiness enterprises, trade and warehouse complexes ("Granex-port", "Žito Bačka"). Sunoko, a subsidiary of MK Group, is one of the leading companies in sugar production both in Serbia and the region. In 2011, MK Group took over "Carn ...
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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. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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ATEbank
The Agricultural Bank of Greece was a commercial bank based in Athens, Greece. The bank was founded in 1929. The bank proclaimed that it would focus on the Balkan bank market, with the business activities of supporting of the agricultural sector. ATEbank held a strong position at Athens Stock Exchange and has become a member of Piraeus Bank in the year 2013. The Bank's development of business activities called for a new name and corporate image as ATEbank. History 1929 / Foundation. Agricultural Bank of Greece is founded as a non-profit organisation, provider of credit to the agricultural sector. The bank mainly aims at implementing programmes for financing both the activities of the primary sector of the economy and the processing and marketing of agricultural products, and enhancing rural development. 1950 Expansion of activities in the agricultural sector. Agricultural Bank founds a number of companies, which produce farming products and exploit resources all over the country ...
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Jubanka
Jubanka ( sr-cyr, Јубанка), formerly known as Alpha Bank Srbija, was a commercial bank 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 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) 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 ...
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Sberbank Srbija
PJSC Sberbank (russian: Сбербанк, initially a contraction of russian: сберегательный банк, translit=sberegatelnyy bank, lit=savings bank, link=no) is a Russian majority state-owned banking and financial services company headquartered in Moscow. It was called Sberbank of Russia until 2015 (currently: Sber). Sberbank has operations in several European nations, primarily post-Soviet countries. By 2022, the bank accounted for about a third of all bank assets in Russia. The bank's rise since 1990s is in part due to its close connections to the Russian government. it was the largest bank in Russia and Eastern Europe, and the third largest in Europe, ranked 60th in the world and first in central and Eastern Europe in ''The Banker''s Top 1000 World Banks ranking. In the world ranking of public companies ''Forbes'' "Global 2000" Sberbank takes 51st place. History Early history Sberbank's history goes back to Cancrin's financial reform of 1841, when a netw ...
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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 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 December 2020. Recent name changes This is a list of recent name changes of the banks due to change of ownership structure: * On 9 May 2014, KBC Banka a.d. Beograd changed its name into Telenor banka a.d. Beograd * On 18 May 2015, Dunav banka a.d.Beograd changed its name into mts banka a.d. Beograd * On 22 October 2015, Čačanska banka a.d. Čačak changed its name into HALKBANK a.d. Beograd * On 8 July 2016, Hypo-Alpe-Adria-Bank a.d. Beograd changed its name into Addiko Bank a.d. Beograd * On 8 July 2016, KBM Banka a.d. Kragujevac changed its name into Direktna Banka a.d. Kragujevac * On 23 October 2018, VTB Bank changed its name into API Bank a.d. Beograd * On 25 April 2019, OTP Banka Srbija a.d. Novi Sad changed its name into Vojvođan ...
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1976 Establishments In Yugoslavia
Events January * January 3 – The International Covenant on Economic, Social and Cultural Rights enters into force. * January 5 – The Pol Pot regime proclaims a new constitution for Democratic Kampuchea. * January 11 – The 1976 Philadelphia Flyers–Red Army game results in a 4–1 victory for the National Hockey League's Philadelphia Flyers over HC CSKA Moscow of the Soviet Union. * January 16 – The trial against jailed members of the Red Army Faction (the West German extreme-left militant Baader–Meinhof Group) begins in Stuttgart. * January 18 ** Full diplomatic relations are established between Bangladesh and Pakistan 5 years after the Bangladesh Liberation War. ** The Scottish Labour Party is formed as a breakaway from the UK-wide party. ** Super Bowl X in American football: The Pittsburgh Steelers defeat the Dallas Cowboys, 21–17, in Miami. * January 21 – First commercial Concorde flight, from London to Bahrain. * January 27 ** The United States vetoes ...
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