Alta Banka A.d.
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Alta Banka A.d.
Alta banka (full name: Alta banka a.d. Beograd), formerly known as JUBMES banka, is a Serbian bank, providing commercial and investment banking. Its headquarters is in Belgrade, Serbia. History The bank was established in 1979. In October 2018, the Government of Serbia announced that it plans to sell its stake by the end of the year. In December 2018, the Government of Serbia put its 28.51% stake in ownership structure on sale. As of 22 March 2019, JUBMES banka has a market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ... of 25.67 million euros. On 27 March 2020, the bank changed its name to Alta banka, following the change in ownership structure. See also * List of banks in Serbia References External links * 1979 establishments in Serbia Banks ...
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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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Government Of Serbia
The Government of Serbia ( sr, Влада Србије, Vlada Srbije), formally the Government of the Republic of Serbia ( sr, Влада Републике Србије, Vlada Republike Srbije), commonly abbreviated to Serbian Government ( sr, Српска Влада, Srpska Vlada), is the executive branch of government in Serbia. The affairs of government are decided by the Cabinet of Ministers, which is led by the Prime Minister. The government is housed in a Ministry of Finance of Kingdom of Yugoslavia Building. Jurisdiction According to the Constitution of Serbia, the Government: * Determines and guides policy * Executes laws and other general acts of the National Assembly * Adopts regulations and other general acts for the purpose of enforcing laws * Proposes to the National Assembly the laws and other general acts and gives an opinion on them when submitted by another proposer * Directs and coordinates the work of public administration bodies and supervises their work * ...
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Companies Based In Belgrade
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 goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Banks Of Serbia
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 anc ...
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Banks Established In 1979
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 anc ...
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1979 Establishments In Serbia
Events January * January 1 ** United Nations Secretary-General Kurt Waldheim heralds the start of the '' International Year of the Child''. Many musicians donate to the ''Music for UNICEF Concert'' fund, among them ABBA, who write the song '' Chiquitita'' to commemorate the event. ** The United States and the People's Republic of China establish full diplomatic relations. ** Following a deal agreed during 1978, French carmaker Peugeot completes a takeover of American manufacturer Chrysler's European operations, which are based in Britain's former Rootes Group factories, as well as the former Simca factories in France. * January 7 – Cambodian–Vietnamese War: The People's Army of Vietnam and Vietnamese-backed Cambodian insurgents announce the fall of Phnom Penh, Cambodia, and the collapse of the Pol Pot regime. Pol Pot and the Khmer Rouge retreat west to an area along the Thai border, ending large-scale fighting. * January 8 – Whiddy Island Disaster: The French ta ...
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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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Market Capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is also ...
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