Jubanka (Serbian Cyrillic: Јубанка), formerly known as Alpha Bank Srbija, was a commercial bank based in Belgrade, Serbia. In December 2017, following the purchase in April 2017, it merged into AIK Banka.

Jubanka
Native name
Јубанка
Company typeJoint-stock company
IndustryFinance and Insurance
PredecessorJubanka (1991–2005)
Alpha Bank Srbija (2005–2017)
Founded7 January 1991 (1991-01-07)
Defunct25 December 2017 (2017-12-25)
FateMerged into AIK Banka
SuccessorAIK Banka (since 2017)
Headquarters,
Serbia
Area served
Serbia
ProductsCommercial banking, Investment banking
Total assetsDecrease €602.11 million (2016)[1]
Total equityIncrease €94.65 million (2016)[1]
OwnerAIK Banka (100%)
Number of employees
924 (2016)[1]
cca. 100 (December 2017)[2]

History

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The bank was founded in 1991 as Jubanka and was the fifth-largest bank in Serbia as of 2005. On 26 January 2005, Greek Alpha Bank officially agreed the purchase of an 88.64% stake in Serbian Jubanka. By June 2005, its name was changed to Alpha Bank Beograd.

In April 2017, AIK Banka (majority owned by MK Group) purchased 100% of shares of the company, and reverted its former name Jubanka.[3] On 22 December 2017, Jubanka has completed the process of merging into AIK Banka and more than 800 of its employees have left the company from June until December 2017.[2][4] Since 25 December 2017, Jubanka operates under name AIK Banka.[2] Also, housing and cash loans to citizens, as well as credit card debt, took Société Générale Srbija.[2]

See also

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References

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  1. ^ a b c "БИЛАНС СТАЊА (2016) - Alpha Bank Srbija". apr.gov.rs (in Serbian). Retrieved 17 November 2017.
  2. ^ a b c d "U Jubanci bez posla ostaje 800 radnika". novosti.rs (in Serbian). 18 November 2017. Retrieved 3 January 2018.
  3. ^ "AIK Banka kupila Alpha Banku, vraća se ime Jubanka". bif.rs (in Serbian). 12 April 2017. Retrieved 17 November 2017.
  4. ^ O., M. (25 December 2017). "AIK banka: Dođite u ekspoziture po platne kartice". danas.rs (in Serbian). Retrieved 3 January 2018.