Serbia

Jubanka A.D.

An EMIS Company Report EMIS is a Euromoney Institutional Investor plc company USD 29.95 Industry: Banking and Credit Intermediation Available in: English Format: PDF Download Most recent financial data: 2016 Buy full report

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Contact Information

Headquarters
Kralja Milana 11
Belgrade; Belgrade; Map
Postal Code: 11020

Tel: (+381 11) 3393
Fax: (+381 11) 324 82

Email:
@jubanka.co.rs

Website:
http://www.alphabankserbia.com

Company Description
Jubanka was established in 1956 as a main branch of the Yugoslav Foreign Trade Bank designed to provide banking services to Yugoslav companies in their foreign trade business.
In 1991, the bank was transformed into a joint-stock entity and renamed to Jubanka.
In 2001, it merged with two small local banks, Inoprom banka a.d. and Jugobanka Uzice.
Jubanka was one of 16 Serbian banks in which the state acquired a large stake in the summer of 2002 when the central bank decided to swap their debts to foreign sovereign and commercial lenders into state-held equity.
The bank had 104 branches in 78 Serbian cities as at end-2006. Alpha Bank reported total assets of RSD 37.701 billion at the end of 2006.
In January 2005, Serbia sold its controlling 89% stake in Jubanka to Greece's Alpha Bank for EUR 152 million. In August 2005, Alpha Bank raised its stake in Jubanka to 97.14% and later bought out all of the bank's equity.
In June 2006, Alpha Bank officially merged its local subsidiary with Jubanka and named the new lender Alpha Bank a.d. Beograd. In October 2006, Alpha Bank a.d. Beograd was renamed to Alpha Bank Srbija A.D.
The lender operates more than 130 units throughout the country. In 2017, the company renamed again to Jubanka.
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