AIK Banka (full legal name: ''AIK Banka a.d. Belgrade'') is 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.
Because ...
based in
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 a ...
, 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
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. ...
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
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 ...
), 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 its income and profitability, continuing its expansion outside the Serbian market, i.e. toward the EU.
Locally, AIK Banka ensured further growth by acquiring 100% of shares of
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 Romania ...
in April 2017. On 22 December 2017, Jubanka has completed the process of merging into AIK Banka and more than 800 of Jubanka's employees have left the company from June until December 2017.
As of December 2017, AIK Banka owns 75.99% of shares in Slovenian Gorenjska banka.
As of December 2017, Gorenjska banka controls 4.7% of Slovenian banking market share.
AIK Banka finished the 2017 calendar year with record 101.97 million euros of net profit, the most in the Serbian banking market. In November 2021, AIK Banka bought the majority of shares of
Sberbank Srbija.
Prizes and awards
The European Business Council, a renowned independent corporation of economic, social and humanitarian collaboration, acknowledged AIK Banka as the best regional institution at the International Socrates Award Ceremony in 2016. Simultaneously, the President of the Executive Board, Ms. Jelena Galić, was named the manager of the year. Additionally, two years in a row, in 2015 and 2016, AIK Banka was a recipient of a prestigious award of a renowned international magazine ‘International Banker’,
for the best commercial bank in Serbia and for providing best customer services in Eastern Europe.
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
*
1976 establishments in Yugoslavia
2006 mergers and acquisitions
Banks established in 1976
Banks of Serbia
Companies based in Belgrade
Serbian brands
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