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Erste Bank A.D. Novi Sad (Serbia)

Main Activities: Commercial Banking
Full name: Erste Bank A.D. Novi Sad Profile Updated: January 16, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Erste Bank a.d. Novi Sad, previously Novosadska Banka, was founded in 1864 as Savings Bank of Novi Sad.
In 2001, Novosadska merged with a small local bank, Vrsacka banka a.d.
Novosadska is 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.
Total assets of Novosadska Banka stood at USD 165 million at the end of 2004, with capital at USD 32.8 million.
Novosadska had a network of 72 branches and offices and serviced some 265,000 clients in mid-2004.
In May 2005, Serbia's government sold a 83.3% stake in Novosadska to Austria's Erste Bank for EUR 73.2 million.
Erste plans to invest some EUR 35 million in Novosadska Banka to hike its capital and secure its leading position in the Serbian banking market.
In November 2005, Erste Bank raised its stake in Novosadska to 95.6% after acquiring 16.7% stake from the bank's minority shareholders. In December the bank was renamed into Erste Bank A.D.
The lender operates more than 50 branches and offices across Serbia.

Headquarters
Bulevar Oslobodjenja 5
Novi Sad; South Backa;

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Website: http://www.erstebank.co.rs

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 29, 1965
Key Executives
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Chairman of the Management Board
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Chairman of the Executive Board
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Member of the Executive Board
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Member of the Executive Board
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Member of the Executive Board
Ownership Details
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74%
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26%
Subsidiaries
S-rent D.O.O. Beograd
19%
Bancor
6.38%
,,alma Mons,,
4.3478%
Company Performance
Financial values in the chart are available after Erste Bank A.D. Novi Sad report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency RSD. Absolute financial data is included in the purchased report.
Net interest income
23.5%
Net fee and commission income
22.64%
Operating profit (EBIT)
14.67%
Net Profit (Loss) for the Period
28.23%
Total assets
5.88%
Loans and advances to customers
2.46%
Deposits from customers
13.12%
Total equity
14.13%
Total Assets Trend
-7.11%
Net Interest Income Trend
-11.56%
Cost to Income Ratio
-0.64%
Loans to Deposits Ratio
-0.16%
Loans to Asset Ratio
-1.2%

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