Vojvođanska banka

Infobox_Company
company_name = Vojvođanska banka a.d. Novi Sad
company_
company_type = Public
foundation = 1868
location = flagicon|Serbia Novi Sad, Serbia
key_people = prof. dr Dejan Popović, CEO
num_employees = n/a
industry = Finance and Insurance
products = Commercial banking, Investment banking
homepage = [http://www.voban.co.yu/ voban.co.yu]

Vojvođanska banka (full name: Vojvođanska banka a.d. Novi Sad) is one of the largest banks in Serbia. Vojvođanska Bank is a universal bank, with functions of commercial and investment banking. Bank has its headquarters in Novi Sad.

In retail banking, which is first in Serbian Dinars savings, third in foreign currency savings and first according to the number of issued VISA cards – over 430,000. [Data from [http://www.voban.co.yu/en/home/about_us/about_vojvodjanska_banka/ About Vojvodjanska Bank] ]

History

The first branch of Vojvodjanska banka was founded in 1868 in Sombor as a credit cooperative. Later, in 1962, Vojvodjanska banka was founded as "Privredna banka"; and in couple of years "Privredna banka" was joined by "Komercijalna banka" Senta, "Komercijalna banka" Bačka Topola, "Sremska banka" Sremska Mitrovica, "Kreditna banka" Kula and "Banatska banka" Zrenjanin. And in 1973, "Privredna banka" became Vojvođanska banka, the largest banking institution in the province of Vojvodina and one of the largest in the country. It had 16 branches.

In the end of 1970s, Bank opened three independent representative offices in New York City, London and Frankfurt; and joint representative offices established in Moscow, Beijing and Tehran.

In 1980s, Vojvođanska Bank became a member of the Yugoslav Banking Consortium for the realization of the first loan granted by IFC for the development of small companies; and Associate Bank realized 70% of the total foreign exchange operations of Vojvodina economy. In 1989, the Bank split up into 9 equal successors; the Head Office and 8 branches. Later, during 1990s, bank starter to open more branches in Central Serbia, Banja Luka (in Republika Srpska) and in Podgorica (Montenegro). The branch office in Banja Luka became an independent bank with the major equity share in private ownership. Vojvodjanska banka was the co-founder and shareholder of VB Banja Luka.

From 1995, Vojvodjanska banka d.d. became Vojvodjanska banka a.d. (joint-stock company). Republic of Serbia owns 99.42% of shares. [As of November 19, 2006 ( [http://www.crhov.co.yu/?Opcija=1&odabraniemitentjmb=08074313&isin=RSVBNSE05751 Statistical overview of ownership structure of companies] )]

In September 2006, National Bank of Greece bought 99.44% of Vojvođanska banka's capital for €385 million.

Branches

Bank has a network of 23 branches and 172 offices in whole Serbia. Main branches in Serbia:

*in Vojvodina: **Novi Sad - head office **Subotica **Sombor **Bačka Topola **Bečej **Senta **Zrenjanin **Kikinda **Vršac **Sremska Mitrovica **Pančevo

*in Central Serbia **Belgrade **Šabac **Valjevo **Čačak **Kruševac **Kragujevac **Kraljevo **Novi Pazar **Užice **Niš **Zaječar **Jagodina

References

External links

* [http://www.voban.co.yu/ voban.co.yu] - Official site sr icon en icon
* [http://www.b92.net/biz/vesti/srbija.php?yyyy=2006&mm=09&dd=12&nav_id=216581&fs=1 NBG kupila Vojvođansku za 385 mil. evra] , B92, September 12, 2006 sr icon