OTP banka Srbija, formerly known as Société Générale Srbija, was a commercial bank with headquarters 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. It was owned by Hungarian

OTP Bank OTP Bank Group is the largest commercial bank of Hungary and one of the largest independent financial service providers in Central and Eastern Europe and with banking services for private individuals and corporate clients. The OTP Group comprise ...

since September 2019 and was mergied into

Vojvođanska banka a.d. OTP Banka Srbija (full legal name: OTP Banka Srbija a.d. Novi Sad), formerly known as Vojvođanska banka, is a bank operating in Serbia, with its headquarters in Novi Sad. It is a member of Hugnarian OTP Bank Group. History The Hungarian OTP ...

, a wholly owned subsidiary of OTP Bank. Subsequently, Vojvođanska banka a.d. changed its name to OTP banka Srbija a.d. Novi Sad. On 30 April 2021, the bank finally merged into the

, which was then renamed to OTP Banka Srbija a.d. Novi Sad.

History

In 1977, French Société Générale established a representative office in

SFR Yugoslavia The Socialist Federal Republic of Yugoslavia, commonly referred to as SFR Yugoslavia or simply as Yugoslavia, was a country in Central and Southeast Europe. It emerged in 1945, following World War II, and lasted until 1992, with the breakup of Yug ...

. On 12 February 1991, Société Générale Yugoslav Bank was founded as the first bank with foreign capital to be established in former FR Yugoslavia. The bank was a joint venture between Paris-based Société Générale (75%), and the now defunct Beogradska banka (20%) and Banque Franco-Yougoslave (5%). At first, it was established as a unit of SG Corporate & Investment Banking, and provided services to corporate customers only. In 2001, it became a full-service universal bank, providing services to both corporate clients and individuals. It was only in late 2007 that the bank changed name to Société Générale Srbija in order to reflect the name change of the country it operates in (FR Yugoslavia was renamed to

Serbia and Montenegro Serbia and Montenegro ( sr, Cрбија и Црна Гора, translit=Srbija i Crna Gora) was a country in Southeast Europe located in the Balkans that existed from 1992 to 2006, following the breakup of the Socialist Federal Republic of Yu ...

in 2003, and Serbia became independent in 2006). In 2014, Société Générale Srbija bought KBC banka's portfolio, while

Telenor Serbia Yettel Serbia (known as Telenor Serbia until 2022) is a Serbian mobile, fixed, internet and IPTV provider, owned by the Czech investment group PPF. It is headquartered in Belgrade. As of 2020, it is the second largest mobile telephony operator w ...

bought the KBC banka itself, creating Telenor banka. In December 2017, Société Générale Srbija took housing and cash loans to citizens, as well as credit card debt, from the

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 Ju ...

, which was bought by the Serbian

AIK Banka 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 19 ...

in April 2017. In September 2019, the Hungarian

bought Société Générale Srbija after the agreement was made in December 2018, and the process of integration with

is planned to be finalized in 2021. On 25 September 2019, Société Générale Srbija a.d. changed its name into OTP banka Srbija a.d. with headquarters in Belgrade.

Market and financial data

According to 2019 consolidated financial report submitted to Serbian Business Register Agency, the bank has 1,405 employees and it posted an annual profit of

€ The euro sign () is the currency sign used for the euro, the official currency of the eurozone and unilaterally adopted by Kosovo and Montenegro. The design was presented to the public by the European Commission on 12 December 1996. It consists o ...

33.90 million for the calendar year 2019.

References

{{Reflist 1977 establishments in Serbia 2021 disestablishments in Serbia 2018 mergers and acquisitions 2021 mergers and acquisitions Banks established in 1991 Banks disestablished in 2021 Banks of Serbia Companies based in Belgrade Société Générale

History

Market and financial data

See also

References