Société Générale Srbija

Société Générale Srbija
Native name
 Sosijate Ženeral Srbija/
Сосијате Женерал Србија
Joint-stock company
Industry Finance and Insurance
Predecessor Société Générale Yugoslav Bank
Founded 12 February 1991 (1991-02-12) (Current form)
1977 (1977) (Founded)
Headquarters Belgrade, Serbia
Area served
 Serbia
Key people
 Maria Rousseva (CEO)
Products Commercial banking, Investment banking
Revenue Increase €106.38 million (2016)[1]
Increase €31.75 million (2016)[1]
Total assets Increase €2.039 billion (2016)[1]
Total equity Increase €338.61 million (2016)[1]
Owner Société Générale (100%)
Number of employees
 1,367 (2016)[1]
Parent Société Générale
Website www.societegenerale.rs

Société Générale Srbija (full name: Société Générale Banka Srbija a.d. Beograd) is a wholly owned subsidiary of the French-based Société Générale bank. It is one of the largest banks in Serbia, according to NBS data (fourth largest in terms of assets, as of 2017)[2]

History

Société Générale first established a representative office in Belgrade in 1977. On February 12, 1991, Société Générale Yugoslav Bank was founded as the first bank with foreign capital to be established in former 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 reflect the name change of the country it operates in (Yugoslavia was renamed Serbia and Montenegro in 2003, and Serbia became independent in 2006). It now has a network of more than 87 branches in Belgrade and other parts of Serbia.

In 2014 Société Générale Srbija bought KBC banka's portfolio, while Telenor Srbija 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.[3]

Market and financial data

According to its most recent annual financial report submitted to Serbian Business Register Agency, the company has more than 1,300 employees and it posted an annual profit of RSD 3,810,808,000 (approximately €31.75 million at the time) for the calendar year 2016.[1]

See also

References

  1. 1 2 3 4 5 6 Основни подаци из годишњег финансијског извештаја за обвезника ревизије за 2016. годину (PDF).
  2. ↑ "Kvartalni izveštaj NBS - bankarsko tržište" (PDF).
  3. ↑ "U Jubanci bez posla ostaje 800 radnika". novosti.rs (in Serbian). 18 November 2017. Retrieved 3 January 2018.
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