Credy banka

Credy Banka a.d. Kragujevac

Type	Public
Industry	Finance and Insurance
Founded	1871
Headquarters	Kragujevac, Serbia
Products	Commercial banking, Investment banking
Employees	Around 790
Website	Credy banka

Credy banka (full name: Credy banka a.d. Kragujevac) (BELEX: CYBN) is a Serbian bank based in Kragujevac.

It continues the long history of banking in Kragujevac and Šumadija region.

As of December 2006 it is majority owned by the Government of Serbia (60.55%).[1]

History

• 1871 - Founded in Kingdom of Serbia as Kragujevačka okružna štedionica, the bank started out locally serving Šumadija region.

Over the coming decades its operation was at the mercy of the region's eventful social and geo-political history.

• 1955 - Following World War II and establishment of Federal People's Republic of Yugoslavia, it re-established operation as Komunalna banka .

• 1970 - The bank was merged into the state owned Jugobanka.

• 1991 - In the midst of the breakup of Socialist Federal Republic of Yugoslavia, it started operating independently within Jugobanka system as Jugobanka Jubanka a.d. Kragujevac.

• 2000 - Šumadija banka a.d. Kragujevac was merged into the bank.

• 2001 - In June, the bank's assembly agreed on the name change, thus adopting the current name Credy banka.

• 2004 - In December, Srpska regionalna banka a.d. Beograd was merged into Credy banka, further expanding its network in Serbia.