Komercijalna banka

Komercijalna banka (full legal name: Komercijalna banka a.d. Beograd) is a bank founded in 1970 with headquarters in Belgrade, Serbia. As of 2017, it has a network of 11 business centers, 13 branch offices and 220 branches in Serbia, Montenegro and Bosnia and Herzegovina.

Not to be confused with Komercijalna banka Budva or Komercijalna banka Skopje.
Komercijalna banka
Native name
Комерцијална банка
Joint-stock company
Traded asBELEX: KMBN
ISINRSKOBBE33594 
IndustryFinancial services
Founded6 May 1992 (1992-05-06) (Current form)
1 December 1970 (1970-12-01) (Founded)
Headquarters
Svetog Save 14, Belgrade
,
Serbia
Area served
Serbia
Bosnia and Herzegovina
Montenegro
Key people
Vladimir Medan (CEO)
ProductsCommercial banking, Investment banking
€70.90 million (2018)[1]
Total assets €3.736 billion (2018)[1]
Total equity €605.12 million (2018)[1]
OwnerGovernment of Serbia (83.23%)
Others
(as of 20 December 2019)
Number of employees
3,076 (2018)[1]
SubsidiariesKombank Invest a.d.
Komercijalna banka Budva
Komercijalna banka Banja Luka
Websitewww.kombank.com
Footnotes / references
Business ID: 07737068
Tax ID: 100001931 [2]

History

Komercijalna banka was founded on 1 December 1970 in Belgrade, SFR Yugoslavia. On 6 May 1992, it was transformed into joint-stock company.

In November 2002, Komercijalna banka established Komercijalna banka Budva, operating in Montenegro.[3] The bank also operates in Bosnia and Herzegovina through its local subsidiary Komercijalna banka Banja Luka since September 2006.

As of December 2014, two of the bank's biggest stakeholders were the Government of Serbia with 42.6% and European Bank for Reconstruction and Development with 25% of shares.[4]

In March 2015, the bank's management announced that Government of Serbia plans to sell its stake in the bank in the second half of 2017.[5][6] However, the auction was postponed several times, with the latest announcements saying that it will be performed in 2019.[7] In June 2019, the Government of Serbia increased its stake in ownership by acquiring 6.8% of shares from DEG and Swedfund International for 43.7 million euros.[8] In November 2019, the Government of Serbia acquired 34.58% of shares from EBRD and International Finance Corporation for 217 million euros, increasing its stake in the bank to 83.23% of shares.[9] On 26 February 2020, the Government of Serbia signed a purchase agreement worth 387.02 million euros with the Slovenian NLB Group for 83.23% of shares in the bank.[10]

Market and financial data

According to the 2018 audited consolidated annual financial report, the company has 3,106 employees and posted an annual net income of €70.90 million.[1] As of 21 February 2020, Komercijalna Banka has a market capitalization of €457.74 million.[11]

See also

References
  1. "Audited consolidated financial report 31 December 2018" (PDF). kombank.com (in Serbian). Ernst & Young Belgrade. 12 March 2018. Retrieved 30 June 2019.
  2. "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 28 February 2018.
  3. "Komercijalna banka ad Budva obilježava dvije decenije poslovanja". bankar.me. Retrieved 31 January 2014.
  4. "Statistički prikaz vlasništva preduzeća". crhov.rs. Retrieved 31 January 2014.
  5. "Komercijalna povećala tržišni udeo". b92.net (in Serbian). Retrieved 31 March 2015.
  6. "SRB: Komercijalna banka povećava dividendu, privatizacija 2017.godine". bankar.me (in Serbian) (3 November 2014). Retrieved 31 March 2015.
  7. Lakić, Suzana (8 March 2019). "SAZNAJEMO Pet kompanija u trci za Komercijalnu banku". blic.rs (in Serbian). Retrieved 24 March 2019.
  8. "SAZNAJEMO Država je danas dala 43 miliona evra za akcije KOMERCIJALNE BANKE, privatizacija se dodatno zahuktava". blic.rs (in Serbian). 26 June 2019. Retrieved 30 June 2019.
  9. "Potvrđeno za B92: Republika Srbija otkupila udeo EBRD-a i IFC-a u Komercijalnoj banci". b92.net (in Serbian). 26 November 2019. Retrieved 26 November 2019.
  10. "Potpisano: Prodate akcije Komercijalne banke - "Zadovoljni smo cenom"". b92.net (in Serbian). 26 February 2020. Retrieved 26 February 2020.
  11. "KMBN - Komercijalna banka a.d. , Beograd - 21.02.2020". belex.rs. Retrieved 23 February 2020.
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