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OTP banka Srbija a.d.

Serbian banking and financial services company

Field	Value
name	OTP banka Srbija a.d. Beograd
logo_caption	Official logo
trading_name
native_name	ОТП банка Србија
native_name_lang	sr
type	Joint-stock company
industry	Finance and Insurance
genre
predecessor	Société Générale Yugoslav Bank (1977–2007)
Société Générale Srbija (2007–2019)
foundation	(Last form)
(Founded)
defunct
location_city	Belgrade
locations
area_served	Serbia
products	Commercial banking, Investment banking
revenue	€110.72 million (2019)
net_income	€33.90 million (2019)
aum
assets	€2.965 billion (2019)
equity	€432.83 million (2019)
owner	OTP Bank (100%)
num_employees	1,405 (2019)
location_country	Serbia

Société Générale Srbija (2007–2019) (Founded) OTP banka Srbija, formerly known as Société Générale Srbija, was a commercial bank with headquarters in Belgrade, Serbia. It was owned by Hungarian OTP Bank since September 2019 and was mergied into Vojvođanska banka a.d., 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 Vojvođanska banka a.d., which was then renamed to OTP Banka Srbija a.d. Novi Sad.

History

In 1977, French Société Générale established a representative office in Belgrade, SFR Yugoslavia. 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 in 2003, and Serbia became independent in 2006).

In 2014, Société Générale Srbija bought KBC banka's portfolio, while Telenor Serbia 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, which was bought by the Serbian AIK Banka in April 2017.

In September 2019, the Hungarian OTP Bank bought Société Générale Srbija after the agreement was made in December 2018, and the process of integration with Vojvođanska banka a.d. 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 €33.90 million for the calendar year 2019.

References

"Bilans uspeha (2019) – OTP banka Srbija".
(July 2025). "Bilans stanja (2019) – OTP banka Srbija".
(18 November 2017). "U Jubanci bez posla ostaje 800 radnika". novosti.rs.
(20 December 2018). "SocGen agrees to sell Serbian unit to Hungary's OTP Bank". reuters.com.
(25 September 2019). "OTP kupio Sosijete ženeral banku u Srbiji". n1info.com.
(25 September 2019). "Sosijete ženeral banka DANAS MENJA IME". blic.rs.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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 defunct-banks-of-serbia société-générale

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