SRPSKO BANKARSTVO

SERBIAN BANKING

Beograd, 2006.
 Publisher Izdavač
Association of Serbian banks Udruženje banaka Srbije
Belgrade, Bulevar kralja Aleksandra 86 Beograd, Bulevar kralja Aleksandra 86
www.finnet.co.yu www.finnet.co.yu

Editor-in-chief Glavni i odgovorni urednik

Dr. Veroljub Dugalic dr Veroljub Dugalić

Editor Urednik
Svetlana Pantelic Svetlana Pantelić

Reviewed by Recenzija
Vesna Matic, M.A. Mr Vesna Matić
Dragoslav Vukovic Dragoslav Vuković

Prepared by Tehnička priprema

Bojana Nesic Bojana Nešić

Translation Prevod
Svetlana Raicevic Svetlana Raičević

Design Dizajn
Svetlana Pantelic Svetlana Pantelić
Boba Cugurovic Boba Čugurović

Prepress Grafička priprema

Goran Dragutinovic Goran Dragutinović

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ISBN: ISBN:
86-7080-013-6 86-7080-013-6
 With vision and optimism to
success and prosperity

M ission of every institution, company, bank, or even a nation state, is to prevail and prosper,
to grow and develop, with imagination and creativity. Success often requires many generations to
develop their own vision of successful survival and to pass it on to generation to come and continue
along the same path. In order to bring a mission into life, various visions are deployed, built of real
state of facts, realistic values and possibilities. In all this, there must always be a dose of optimism
because without it even the most noble of missions will not find their best outcome. Vision and
optimism are setting in motion creativity and are paving the path to success and prosperity.
Association of Banks has an unchangeable mission 85 years old: to represent the interests of all
the banks in the country, and during all of these years this mission was carried out through various
visions. The visions had been tailored after to the role, importance and results that banking achieved
before World War Two, from the year 1921 to 1941, and later on, after 17 years of suspension, from
1958 until this day. Association of Banks was implementing its vision, with more and less success, in
different socio-economic systems and irrespective of the number of banks that were its founders.
Association of Banks today, with the same mission and a clear vision, stands as an institution that
has built its reputation, that has its high professional values, and has novel and market required
services. Our vision for the future is exclusively based on the system of values, not only to support it
but to gradually upgrade it, well aware of the fact that can be the essence of the present-day modern
way of doing business: “In order to stay in place, one must run.” I truly believe that during these four
or five years the Association was running for its Olympic gold, in a persistent marathon of tedious
strives, and in some areas, a run for medals was with a bit of hurdles.
Work of the Association of Banks over the last few years was under the influence of fast and radical
changes prompted by globalization, transition, technological revolution and hyper-competition.
The results achieved so far in transition reforms in Serbia are many: framework was put in place
for macro-economic stability, prices and foreign trade liberalizations were implemented, growth
of gross domestic product was achieved, reform of the banking system was conducted, confidence
in banks has returned, domestic savings have resurfaced, reform of public finances was executed,
VAT was introduced, legal security of commercial stake-holders was increased, business climate and
environment were improved, etc.
We can say that the speed of consolidation and stabilization of the financial, and especially of the
banking system in Serbia was truly without comparison in Eastern Europe. In only 5 years time
the banking sector was completely restructured and privatized. In late 2005 over 60% of the entire
4
bank system assets was under control of the international banks, which not only helped increase
the volume of credit activities, reduced interest rates, but also promoted standards and practices
within the entire sector. Foreign investors allocated over 800 million EUR for purchase of control
 Vizijom i optimizmom do
uspeha i prosperiteta

M isija svake institucije, preduzeća, banke,

pa i države je da opstane i prosperira, da stasava
i razvija se maštom i stvaralaštvom. Često je za
uspeh potrebno da mnoge generacije razvijaju
sopstvenu viziju uspešnog opstanka i prenose ih na
druge koji nastavljaju istim putem. Za ostvarenje
misije koriste se raznolike vizije sazdane od stvarnog
stanja, realnih vrednosti i mogućnosti. U svemu
tome, uvek mora postojati i doza optimizma, jer
bez nje i najizvesnije misije neće imati svoje najbolje
ishodište. Vizija i optimizam pokreću stvaralaštvo i
utiru put uspehu i prosperitetu.
Udruženje banaka ima 85. godina nepromenjenu
misiju: da zastupa interese banaka zemlje i u
svim tim godinama ostvarivana je različitim vizijama. Vizije su se prilagođavale ulozi, značaju
i rezultatima bankarstva pre II svetskog rata, od 1921. do 1941. godine, i posle 17 godina prekida,
od 1958. do danas. Udruženje banaka je svoju misiju sprovodilo, sa većim ili manjim uspehom,
u različitim društveno - ekonomskim sistemima i bez obzira na broj banaka koje su bile njegovi
osnivači.
Danas je Udruženje banaka, sa istovetnom misijom i jasnom vizijom, institucija koja je stekla
ugled, poseduje stručne vrednosti, inovativne i tržišno potrebne usluge. Naša vizija za budućnost
isključivo polazi od sistema vrednosti, ne da bi ga zadržala već da bi ga postepeno unapređivala,
svesni činjenice koja može biti i suština današnjeg modernog poslovanja: “da bi se stajalo u mestu
mora se trčati“. Zaista mislim da se u ovih četiri-pet godina u Udruženju trčalo za olimpijska odličja,
maratonski uporno i naporno a u pojedinim delovima trke i sa preponama.
Poslovanje Udruženja banaka u ovim poslednjm godinama bilo je pod uticajem brzih i radikalnih
promena koju čine globalizacija, tranzicija, tehnološka revolucija i hiperkonkurencija. Dosadašnji
rezultati tranzicionih reformi u Srbiji su brojni: uspostavljeni okviri makroekonomske stabilnosti,
sprovedena liberalizacija cena i spoljne trgovine, ostvaren rast bruto domaćeg proizvoda, sprovedena
reforma bankarskog sistema, vraćeno poverenje u banke, oživela domaća štednja, sprovedena
reforma javnih finansija, uveden PDV, povećana pravna sigurnost privrednih subjekata, poboljšani
uslovi poslovanja itd.
5
Može se tvrditi da je brzina konsolidacije i stabilizacije finansijskog, a naročito bankarskog
sistema Srbije, bila zaista bez premca u istočnoj Evropi. Za samo 5 godina potpuno je rekonstruisan
 share packages in Serbian banks over the last two years, and raised the level of credit facilities
for refinancing of foreign bank subsidiaries in Serbia, which speaks amply of the attraction of this
market. National Bank and the Ministry of Finance had very important roles to play in these positive
processes.
The Assembly of Serbia in the year 2005 adopted over 100 laws, a significant part of which
regulates directly or indirectly functioning of the financial sector. In the drafting of the laws standards
and directives applied in the developed countries and their respective legislation were taken into
consideration, most of all the European Union Directives, experiences gained by the countries
in transitions, and the identified shortcomings or
problems manifested in the application of the past
prevailing laws.
This did not eliminate all the problems and they
are the most important future tasks facing the
country: completion of the restructuring process and
privatization of companies, elevating the level of
deployment of industrial capacities, putting a stop to
the technological lagging behind the contemporary
world, reduction of unemployment, lowering of foreign
trade deficit and inflation, etc.
Domestic banking is already a part of the large
world family, integrated with many banking systems
in Europe. Like the banking sector in general, its
component part, Association of Banks, is also linked
with world banks and European bank associations.
It is in permanent contact with modern trends and
businesses of these associations and is the member of
the Inter-Balkan Forum of Banks.
Economic transition is intended to achieve higher efficiency of domestic economy and banking.
Projects of the Association of Banks are an answer to these demands and demands placed by the
technological revolution. The examples to that effect are the services and products of the Credit Bureau
and the Clearing House of the Banks. That we are standing on equal footing with the developed
world is best witnessed by the recently received most prestigious European award for clearing and
settlement. We are therefore competitive with our projects which have raised interest also by other
institutions in the world: the report on indebtedness of every citizen is being made available in only
a few seconds’ time, and clearing and settlement are being done in one hour.
The results that we have achieved illustrate that we were successful in our work, the plans that are
before us were very carefully thought out and conceived with vision, and thus we are optimistically
looking into the future. Association of Serbian Banks is only one of the links in the solid chain
consisting of the National Bank, banks, Securities Commission, Stock Exchange, Central Register,
and many others. For this reason, in order to give a more complete picture about the work of the
Association of Serbian Banks, in this book we are offering a presentation of the banks and of the
above mentioned institutions which readily understood our needs and desires, and promptly all of
them, without exception, gave their contribution and photographs. This is an opportunity to thank
them all for their kindness.

Veroljub Dugalic
6 Secretary General
Association of Serbian Banks
i privatizovan bankarski sektor. Na kraju 2005. godine preko 60% ukupne aktive bankarskog sistema
je pod kontrolom međunarodnih banaka, što je ne samo povećalo obim kreditne aktivnosti, smanjilo
kamatne stope, već i unapredilo standarde i prakse u celokupnom sektoru. Strani investitori za
kupovinu kontrolnih paketa akcija u srpskim bankama, u protekle dve godine, izdvojili su preko 800
miliona evra kao i nivo kredita za refinansiranje subsidijara stranih banaka u Srbiji, što dovoljno
govori o atraktivnosti ovog tržišta. Narodna banka i Minstarstvo finansija u ovim pozitivnim
procesima imale su najznačajniju ulogu.
Skupština Srbije je u 2005. god. usvojila preko 100 zakona od kojih znatan deo uređuje direktno ili
posredno funkcionisanje finansijskog sektora. Pri pripremi ovih zakona uzeti su u obzir standardi i
direktive koje razvijene zemlje primenjuju u svojim zakonima, a pre svega direktive Evropske unije,
iskustva koja imaju zemlje u tranzicji, kao i uočene slabosti ili problemi koji su se ispoljavali u
primeni do tada važećih zakona.
Time nisu otklonjeni svi problemi i oni predstavljaju najvažnije buduće zadatke zemlje: završetak
procesa restrukturiranja i privatizacije preduzeća, povećanje nivoa iskorišćenosti kapaciteta
industrije, zaustavljanje tehnološkog zaostajanja za savremenim svetom, smanjenje nezaposlenosti,
spoljnotrgovinskog deficita, inflacije itd.
Domaće bankarstvo je već deo velike svetske porodice, integrisano sa brojnim bankarskim sistemima
Evrope. Poput njega i kao njegov sastavni deo i Udruženje banaka je povezano sa ovim bankama i
evropskim udruženjima banaka. U stalnom je kontaktu sa savremenim tokovima i poslovima tih
udruženja i član Interbalkanskog foruma banaka.
Ekonomskom tranzicijom želi se postići efikasnost domaće privrede i bankarstva. Projekti
Udruženja banaka predstavljaju odgovor na te i zahteve koje donosi tehnološka revolucija.
Primer za to su usluge i proizvodi Kreditnog biroa i Klirinške institucije banaka. Da smo u tome
ravnopravni sa razvijenim svetom dokaz je i nedavno dobijena najprestižnija evropska nagrada za
kliring i saldiranje. Konkurentni smo, dakle, svojim projektima koji su izazvali interesovanje i kod
drugih institucija u svetu: izveštaj o zaduženosti svakog građanina realizujemo za nekoliko sekundi
a kliring i saldiranje obavljamo za jedan sat.
Rezultati koji su za nama pokazuju da smo radili uspešno, planovi koji su pred nama znalački su
i sa vizijom osmišljeni i zbog toga sa optimizom gledamo na budućnost. Udruženje banaka Srbije
je samo jedna od karika čvrstog lanca koga čini Narodna banka, banke, Komisija za hartije od
vrednosti, Berza, Centralni registar i još mnogi drugi. Zbog toga, radi najpotpunije slike o radu
Udruženja banaka, u ovoj knjizi je dat prikaz banaka i pomenutih institucija koje su razumele
naše potrebe i želje, i sve do jedne poslale svoje priloge i fotografije. Ovo je prilika da im se i na tome
zahvalimo.

Veroljub Dugalić
Generalni sekretar
Udruženja banaka Srbije

7
 EIGHTY FIVE YEARS
OF DEVELOPMENT
Bank directors, coming from all the parts of
the Kingdom of Serbs, Croats and Slovenes,
but mostly from Belgrade, on that cold Sunday
morning of 4 December 1921, hurried to the
Mercantile Bank. The city was covered with
snow, and Politika daily call-porters shouted
Belgrade
out the latest news, most often: “Government
resigned yesterday!” Boardroom of the Bank,
in centre Belgrade, was already full, bankers
saluting one another with a nod of the head,
rising of the hat, a slight bow, or with a
handshake. Waiting for the session of the
Bank Association Assembly to begin, they
were eagerly reading the news from the front
page of Politika newspaper:
“Government resigned yesterday. This
act happened almost unexpectedly,
making a great impression in political and
8 parliamentary circles. The King accepted
resignation of Mr. Pasic’s government and
immediately invited the Speaker of the
National Assembly for consultations on the
political situation at hand. The King and the
Speaker of the National Assembly, Mr. Ribar,
decided that the mandate for formation of the
new government should be entrusted again to
Mr. Pasic.”
The Association established 39
monetary institutes
The constituent session of the Assembly was
attended by the representatives of 29 from the
total of 39 monetary institutes, who were in
the process of founding the Bank Association
in Belgrade: Export Bank, Belgrade Bank
Mercury, General Commercial Bank, Land
Banka, Commissioning Bank, Mercantile
Bank, Discount Bank, Business Bank,
Butchers’ Bank, Citizens’ Bank, Balkan Credit
Bank, Colonial Bank, Danube Credit Bank,
Belgrade Credit Institute, The First Serbian
Agricultural Bank, Russian-Slovene Bank,
 OSAMDESET PET
GODINA RAZVOJA
Direktori banaka iz svih krajeva Kraljevine Eskontna Banka, Poslovna Banka, Mesarska
Srba, Hrvata i Slovenaca, a ponajviše iz Banka, Građanska Banka, Balkanska Kreditna
Beograda, tog nedeljnog hladnog prepodneva, Banka, Kolonijalna Banka, Dunavska
4. decembra 1921. godine, žurili su u Kreditna Banka, Beogradski Kreditni Zavod,
Prometnu banku. Grad I Srpska Zemljoradnička
je bio prekriven snegom Banka, Rusko Slovenska
a kolporteri Politike su Banka, Srpsko Švajcarska
uzvikivali najnovije vesti, Banka, Viner Bankferain,
najčešće: “Vlada je od juče Bankarsko Trgovačko A.D.,
u ostavci!“ Sala banke u Vračarska Založna Banka,
centru Beograda bila je Jugoslovenska Banka,
već popunjena, bankari su Centralna Kreditna Banka,
se pozdravljali klimanjem Banka N. Boškovića A.D.,
glave, podizanjem šešira, Beogradska Trgovačka
blagim naklonom ili Banka, Beogradska
rukovanjem. U očekivanju Trgovačka Štedionica,
da počne sednica Skupštine I Hrvatska Štedionica,
Udruženja banaka sa Engleska Trgovinska
zanimanjem su čitali vest Banka, Banka Vardar,
sa prve strane Politike: Jugoslovenska Trgovačka
“Vlada je od juče u ostavci. Banka.
Taj čin je nastupio gotovo Sa pažnjom i uvažavanjem
neočekivano što je načinilo Rules of Procedure of the Bank Association prisutni su izabrali članove
dosta veliku impresiju u Upravnog (18), Nadzornog
političkim i parlamentarnim krugovima. (5) i Izvršnog odbora (5). Za predsednika
Kralj je uvažio ostavku Pašićeve vlade i pozvao Upravnog odbora imenovan je Mihailo
odmah predsednika Narodne skupštine da se Dragićević, direktor Prometne Banke, a za
sa njime posavetuje o političkoj situaciji. Kralj potpredsednke Radivoje Glumac, direktor
i predsednik Narodne skupštine, gospodin Filijale I Hrvatske Štedionice i dr Milan
Ribar, odlučili su da se mandat za obrazovanje Stojadinović, direktor Engleske Trgovinske
nove vlade ponovo poveri gospodinu Pašiću.“ Banke. Za predsednika Nadzornog odbora
izabran je Mihailo Bakonjić, direktor I Srpske
Udruženje osnovalo 39 novčanih Zemljoradničke Zadruge.
zavoda Ideja o osnivanju udruženja koje će
zastupati interese banaka nije bila nova,
Osnivačkoj sednici Skupštine prisustvovali jer su se i ranije javljale izvesne banke da u
su predstavnici 29 od ukupno 39 novčanih ime svih traže potrebne zaštite kod Vlade
zavoda koji su osnivali Udruženje banaka u ili nekih drugih institucija u zemlji. Potreba
Beogradu: Izvozna banka, Beogradska Banka osnivanja jednog bankarskog udruženja koje 9
Merkur, Opšta Privredna banka, Zemaljska će punovažno predstavljati sve banke i u
Banka, Komisiona Banka, Prometna Banka, njihovo ime preduzimati potrebne korake radi

Belgrade, Hipotekarna Bank was
Serbian Swiss Bank, Vienner Bankverain,
Banking Trading A.D., Vracar Security Bank,
Yugoslav Bank, Central Credit Bank, Bank
N. Boskovic A.D., Belgrade Trading Bank,
Belgrade Trading Savings Bank, The First
Croat Savings Bank, English Trading Bank,
Vardar Bank, Yugoslav Trading Bank.
With the greatest of care and respect the
attending audience elected members of the
Management Board (18), of the Supervisory
Board (5), and of the Executive Board (5). Mr.
Mihailo Dragicevic, director of Mercantile
Bank, was nominated President of the
Management Board, and vice-presidents were
Radivoje Glumac, director of The First Croat
Savings Bank – bank branch, and Dr. Milan
Stojadinovic, director of the English Trading
Bank. Mr. Mihailo Bakonjic, director of The
First Serbian Agricultural Cooperative, was
elected President of the Supervisory Board.
The idea to establish an association which
would represent interests of banks was not
10
a new one, because already in the past some
banks were raising their voice in the name and
on behalf of all, demanding
the necessary protection
by the Government, or by
some other institution in
the country. The necessity
to establish a bank
association which would
legitimately represent all
the banks and in their name
undertake necessary steps
for purpose of protection
of their joint interests,
such as the matter of
regulating moratorium,
taxes, foreign currency
trading, etc., especially
manifested when
the item on the agenda
was discussed on the internal seven-percent
state-floated investment loan. Belgrade banks
expressed their full determination to help,
in this deal, the nation State. It was on that
occasion that it became very clear that the
Chamber of Commerce was unable to be a
representative of monetary institutes, and
even less capable of protecting their interests.
In May 1921 monetary institutes in Belgrade
prepared a Draft Statute, the future Rules of
Procedure of the Bank Association. These
Rules were confirmed in a decision passed on
17 November that same year by the Minister
of Trade and Industry, Mr. Mehmed Spaho.
In the Rules the most important tasks of the
Bank Association were laid down:
“The task of the Association is to table
submissions and petitions to the competent
authorities regarding the matters of global
significance and common interest of the
monetary institutes, to represent before the
authorities and in various committees and
representation offices Bank Association as

zaštite zajedničkih interesa kao što su: pitanje
regulisanja moratorijuma, poreza, prometa
deviza, i sl., posebno je bila uočljiva kada je
na dnevni red došlo pitanje o unutrašnjem
sedmoprocentnom državnom investicionom
zajmu. Beogradske banke su pokazale punu
rešenost da u tom poslu pomognu državi. Tada
se jasno pokazalo da Trgovačka Komora ne
može da bude predstavnik novčanih zavoda,
a još manje da ih zastupa. U maju 1921.
godine, novčani zavodi iz Beograda utvrdili
su Nacrt Statuta, budućih Pravila Udruženja
banaka. Ta Pravila je, 17. novembra iste
godine, svojim rešenjem potvrdio
i ministar trgovine i industrije
Mehmed Spaho.
U Pravilima su istaknuti
najznačajniji zadaci Udruženja
banaka:
‘’Zadatak Udruženja je da čini
predstavke nadležnim vlastima
po pitanjima od opšte važnosti
i zajedničkog interesa novčanih
zavoda, da pred vlastima, kao i u
raznim komisijama i izaslanstvima,
predstavlja Udruženje banaka kao
celinu i da govori u njihovo ime,
da preko svoga lista raspravlja sva
važnija pitanja iz oblasti ekonomske
i finansijske i da stvara, prema
potrebi, zajedničke ustanove, radi
što bolje zaštite svojih interesa.
Član udruženja može biti svaki
novčani zavod’’.
Krajem 1921. godine bilo je
48 novčanih zavoda kojima je
glavno sedište bilo u Beogradu,
zatim strane banke kao što
su: Francusko - Srpska Banka,
Engleska Trgovinska Banka, Bečka
Bankferain, Praška Kreditna
Banka i Francuska Hipotekarna
Banka i brojne filijale banaka iz Zagreba,
Skoplja, Osijeka i drugih mesta. Nekako u to
vreme otpočele su sa radom i tri nove banke
u Beogradu: Srpsko Amerikanska Banka,
Srpsko Švajcarska Banka i Rusko Slovenska
Banka.
Saradnja sa brojnim domaćim i
stranim institucijama i udruženjima
Već u prvim godinama svoga rada 11
Udruženje banaka je postiglo vidne rezultate i
 an entity, to speak on its behalf, through its
journal to debate all the important issues in
the field of economics and finances, and to
create, if necessary, joint institutions, working
in the line of maximum protection of its
interests. Member of the Association may be
every monetary institute.”
In late 1921, there were already 48 monetary
institutes, having their head offices in
Belgrade, but also the foreign banks such as:
Franco-Serbian Bank, English Trading Bank,
Vienna Bankverain, Prague Credit Bank,
and French Mortgage Bank, and many bank
branches from Zagreb, Skopje, Osijek and
other cities. Somehow at that same time, three
new banks in Belgrade started their work:
Serbian American Bank, Serbian Swiss Bank,
and Russian Slovene Bank.
Cooperation with a large number of
local and foreign institutions and
associations
Already in its initial years of its work, the
Bank Association achieved significant results
and gained an authority with the monetary
institutes. In the year 1922 Association
already had 131 members, the number itself
sufficiently speaking of its high reputation and
status. During that same year, Association was
engaged in the introduction of more freedom
in the stock exchange operations and in laying
foundation for a sound foreign exchange policy.
On several occasions it took under protection its
members, demanding that more care be paid to
their interests which were placed in jeopardy by
the limitations imposed in the foreign exchange
policy. The Association kept permanent contact
and correspondence with the National Bank,
12 at times even strongly criticizing some of its
decisions.
Ministry of Finance and the Chamber of
Commerce were often approaching Bank
Association in order to obtain an opinion
or data about the banks. The Association
was keeping correspondence also with other
professional institutions, such as the Federation
of Monetary and Insurance Companies in
Zagreb, and Society of Banking Institutions
in Slovenia. Outside of the country’s borders
such cooperation was maintained with
the Federation of the Czech Banks from
Prague. In October 1922, a conference of the
representatives from these two associations
was held in Belgrade, to discuss options for a
closer cooperation between the banks in the
Republic of Czechoslovakia and those in the
Kingdom of Serbs, Croats and Slovenes.
In the year 1923 the Association became
especially active on amendments to certain
laws such as the Excise Law, and Tax Law.
Request was submitted to the National Bank
to amend its decision suspending the credit
facility granted to monetary institutes, with
the paid capital below 3 million dinars. This
was an attack, most of all, on the monetary
institutes within the borders of the former
Kingdom of Serbia, which have had, before
the war, their capital deposited in gold dinars,
but had heavily suffered during the war
turmoil. Their recovery was a tedious process
because Liquidation Bank was very slow
in collecting pre-war claims (receivables).
Although the Association invested a lot of
time and effort in the correspondence related
to this problem, National Bank did not yield a
positive response.
The Rules of the Bank Association precisely
defined that the secretary general was to be
elected by the Management Board. Until the
year 1924, the position of the secretary general
was held by Mr. Nikola Stanarevic, director
steklo autoritet kod novčanih zavoda. U 1922.
godini Udruženje već ima 131 članicu, što
dovoljno govori o njegovom ugledu i statusu.
U toj godini Udruženje je bilo angažovano na
uvođenju više sloboda u berzanskom radu i
utemeljenju zdrave devizne politike. U više
mahova uzimalo je u zaštitu svoje članove
tražeći da se više računa povede o njihovim
interesima koji su bili ugroženi ograničenjima
u deviznoj politici. Bilo je u stalnom kontaktu
i prepisci sa Narodnom bankom, ponekad
i oštro kritikujući neke njene odluke.
Ministarstvo finansija i Trgovačka Komora
često su se obraćale Udruženju banaka radi
dobijanja mišljenja i podataka o bankama.
Udruženje je bilo u prepisci i sa drugim
profesionalnim ustanovama, kao što su Savez
novčanih i osiguravajućih zavoda u Zagrebu
i Društvo banačni zavodov v Sloveniji. Van
granica zemlje takva saradnja je postojala
sa Savezom čehoslovačkih banaka iz Praga.
Oktobra 1922. godine održana je, u Beogradu,
Konferencija predstavnika ova dva udruženja
na kojoj su razmatrane mogućnosti tešnje
saradnje banaka Čehoslovačke Republike i
Kraljevine SHS.
U 1923. godini Udruženje je posebno
aktivno na izmeni pojedinih zakona, kao što
su: Zakon o taksama i Zakon o porezima. Od
Narodne banke je traženo da izmeni svoju
odluku kojom se ukida kredit novčanim
zavodima sa uplaćenim kapitalom koji je manji
od 3 miliona dinara. To je pogodilo, pre svega,
novčane zavode u granicama bivše Kraljevine
Srbije, koji su, pre rata, imali uplaćen kapital u
zlatnim dinarima ali su u toku ratnog vihora
teško stradali. Njihovo oporavljanje je išlo
teško jer je Likvidaciona Banka bila veoma
spora oko realizacije predratnih potraživanja.
Iako je Udruženje potrošilo mnogo vremena
u prepisci povodom ovog problema, Narodna
banka nije na to pozitivno odgovorila.
Pravilima Udruženja banaka precizirano je
da glavnog sekretara bira Upravni odbor. Do
1924. godine posao glavnog sekretara obavljao
je Nikola Stanarević, direktor Mesarske
Banke, kao član Uprave. U toj i narednoj 1925.
godini na mesto generalnog sekretara izabran
je Dušan Mišić a potom Lujo Mor koji je na
toj funkciji ostao sve do 1941. godine.
Obaveštajni kreditni odsek preteča
Kreditnom birou
‘’Novčani zavodi u 1925. godini su sistem
pun neizvesnosti’’, zapisano je u Izveštaju
Upravnog odbora o radu Udruženja. Mada
dinar ima izvesnu stabilnost u odnosu prema
stranim devizama, kupovna moć u zemlji
se nije povećala. Novčani zavodi koji rade
sa tuđim sredstvima morali su pokazati
veliku opreznost kod odobravanja kredita.
Svako plasiranje povlačilo je rizik jer se nije
znalo ‘’šta donosi sutrašnjica’’. Udruženje
banaka, u težnji da bude što korisnije svojim
članovima, tražilo je i u ranijim godinama
puta i načina da svojim članovima pruži
raznovrsna obaveštenja o stanju i kreditnom
položaju beogradskih poslovnih krugova,
odnosno o stabilnosti komitenata i njihovoj
kreditnoj sposobnosti. Zbog toga je bilo
potrebno posedovati sve potrebne elemente za
procenu vrednosti komitenta. Udruženje je za
pojedine važne informacije uspelo da donekle
pruži ove podatke i ocene svojim članovima
dostavljajući im svakodnevno obaveštajne
izveštaje. Ova aktivnost Udruženja primljena
je među njegovim članovima sa velikim
zadovoljstvom.
U Udruženju Banaka je već 1924. godine
jasno iskazana potreba osnivanja jedne 13
ustanove koja bi prikupljala takve podatke
 of the Butchers’ Bank, as a member of the
Management. During that and the next year
1925, the position of the secretary general was
held by the elected member, Mr. Dusan Misic,
and then by Mr. Lujo Mor, who held this post
all the way, until the year 1941.
Information Credit Department, a
predecessor of the Credit Bureau
“Monetary institutes in the year
1925 represent a system that is full of
uncertainties”, it was written in the Report
of the Management Board, reporting on the
work of the Association. Although the dinar
currency has a certain stability in respect to
foreign currencies, purchase power in the
country did not increase. Monetary institutes
working with other people’s funds should
have shown a greater degree of caution in
granting credits. Every placement involved
a risk exposure, because one could never be
sure of “what would tomorrow bring”. The
Bank Association, in its strives to be of as
much use to its members as possible, explored
even in the earlier years ways and means to
offer its members various information about
the status and credit position of the Belgrade
business circles, i.e. data on the stability of
clients and their credit rating. Thus it was
necessary to have all the required elements for
assessment of credit worthiness of the client.
The Association was successful, up to a point,
in offering these data for certain important
information, and appraisal to their members,
by sending them daily information reports.
This activity of the Association was received
amongst the membership with the greatest of
pleasure.
14
Already in 1924, Bank Association
clearly demonstrated the need to establish
an institution which would gather such
information for the monetary institutes.
At that time, this idea was not met with an
understanding from the official authorities.
Bank Association, however, did not renounce
on its project, and in 1928 it drafted a Decree
on establishment of the Information Credit
Department, which was welcomed by
undivided approval and confidence from all
the monetary institutions.
In the Report of the Management Board
of the Bank Association for the year 1928, a
more detailed explanation is offered of the
path to establishment of the Information
Credit Department:
“Thanks to the kind understanding of the
National Bank, which had accepted the idea
of establishment of this department at its
headquarters and in some bank branches,
submitted by the Bank Association, we have
the pleasure to state that, in future, credit
relations in our country will be put in order.
It was a great inconvenience for the
monetary institutes that, in spite of received
information about their borrowers, or those
who were credit applicants, it was not possible
to find out what were all of the direct or
indirect liabilities of these persons, in order
to take a stand in this respect regarding the
amount of credit facility to be granted. The
entanglement of liabilities of many persons
amongst themselves can cause, and did cause,
the fall of all of them, or many of them, as
soon as one of them would stop servicing his
debts, i.e. when he would go bankrupt.”
Once the Decree project was drafted, on 20
December 1928, Bank Association deemed it
necessary to send it to all of its members and
to convene a Conference where this Decree
was adopted with some minor amendments
 kreditni odnosi u
našoj zemlji biti
sređeni.
Velika je
teškoća bila za
novčane zavode,
što i pored do-
bivenih infor-
macija o svojim
dužnicima, ili on-
ima, koji su kredit
tražili, nije bilo
moguće saznati
sve neposredne
ili posredne
obaveze tih lica,
kako bi se pre-
ma tome ravna-
li u pogledu vi-
sine kredita, koji
bi dodeljivali.
Ispreplet a nost
obaveza mnogih
lica međusobno
Narodna banka može izazvati, a
za novčane zavode. Tada, ova ideja nije i izazivala je, pad
naišla na razumevanje kod zvaničnih vlasti. svih njih i mnogih od njih, čim bi jedan obus-
Udruženje banaka, međutim, nije odustalo tavio svoja plaćanja odnosno pao pod stečaj.“
od svog projekta, te je 1928. godine izradilo Kada je sastavljen projekat Uredbe, 20.
Uredbu o osnivanju Obaveštajnog Kreditnog decembra 1928. godine, Udruženje banaka
odseka koja je naišla na nepodeljeno je smatralo za potrebno, da ga pošalje svojim
odobravanje i poverenje među svim novčanim članovima i da sazove Konferenciju na kojoj
ustanovama. je ta Uredba primljena sa izvesnim neznatnim
U Izveštaju Upravnog odbora Udruženja izmenama i dopunama, što je sve dostavljeno
banaka za 1928. godinu bliže se objašnjava put Narodnoj banci.
osnivanja Obaveštajnog Kreditnog odseka: Narodna Banka je posle toga utvrdila
“Blagodareći predusretljivosti Narodne definitivno tekst Uredbe o osnivanju ovog
banke, koja je prihvatila ideju o stvaranju ovog odseka. Rad Obaveštajnog kreditnog odseka
odseka pri svojoj centrali i nekim filijalama, počeo je 28. februara 1929. godine. Kao što
koju je Udruženje Banaka istaklo, možemo je poznato 2004. godine, posle više od sedam 15

sa prijatnošću konstatovati, da će u buduće decenija, osnovana je slična insituticija pod

 and supplements, and then submitted to the
National Bank.
National Bank, thereupon, determined the
final text of the Decree on establishment of this
department. Work of the Credit Information
Department started on 28 February 1929. It is
well known that in the year 2004, after more
than seven decades, a similar institution was
established under the name of Credit Bureau
at the Association of Serbian Banks.
The Tenth anniversary
The tenth anniversary of the Bank
Association was celebrated on 30 November
1930 in the boardroom of the Belgrade Stock
Exchange, slightly after 11.00 a.m. This jubilee
session was attended by many distinguished
personalities: the King’s envoy, President of
the Ministerial Council, cabinet ministers,
deputy ministers, representatives of a large
number of associations and chambers, of
the Belgrade Stock Exchange, National
16 Bank, professional monetary institutes and
insurance companies, from Zagreb, Ljubljana,
Sarajevo, Novi Sad, and Cetinje, President
of the Belgrade Municipality, many bank
directors and top officials of other financial
institutions, members of the Management
and Supervisory Boards.
Welcome address was delivered by the
President of the Bank Association, Dr. Vlada
Markovic:
“The Bank Association in Belgrade has
shown during its ten years of work that,
together with the protection of common
interests of its members, it always had in
mind the promotion of our monetary world
and national economy in general. Actually, it
is inconceivable that one could separate care
for the common interests of the monetary
institutes from the work on development and
promotion of the national economy. Banks
are not a target and purpose unto themselves,
but they have to perform their national –
economic function. Modern economy can not
be conceived without valid credit institutions,
and neither can the credit institutions
progress if economic circumstances are poor
and unhealthy. Thus the professional interest
nazivom Kreditni biro pri Udruženju banaka
Srbije.
Desetogodišnjica
Desetogodišnjica Udruženja banaka
proslavljena je 30. novembra 1930. godine, u
sali Beogradske berze, nešto posle 11 časova.
Sednici su prisustvovale mnoge znamenite
ličnosti: izaslanik kralja, predsednik
Ministarskog saveta, ministri, pomoćnici
ministara, predstavnici brojnih udruženja
i komora, Beogradske berze, Narodne
banke, profesionalnih novčanih zavoda i
osiguravajućih društava iz Zagreba, Ljubljane,
Sarajeva, Novog Sada i Cetinja, predsednik
Beogradske opštine, brojni direktori banaka
i drugih finansijskih institucija, članovi
Upravnog i Nadzornog odbora.
Pozdravni govor održao je predsednik
Udruženja banaka dr Vlada Marković:
“Udruženje banaka u Beogradu pokazalo je
u svom desetogodišnjem radu da je uz zaštitu
zajedničkih interesa svojih članova imalo
vazda u vidu unapređenja našeg novčarstva i
uopšte narodne privrede. Upravo ne može se
ni zamisliti da bi se moglo odvojiti staranje o
zajedničkim interesima novčanih zavoda od
rada na razvijanju i unapređivanju narodne
privrede. Banke nisu same sebi cilj i svrha,
nego one imaju da vrše svoju nacionalno -
ekonomsku funkciju. Moderna privreda ne
17
 of the monetary institutes is identical with the
interests of the overall national economy. One
can not be separated from the other, because
only when they are together, they make up a
higher economic community of interest.
That it is well aware of this fact, Bank
Association has shown by taking the initiative
in many matters of general economic
significance. I hope that it will continue to
do so in future, and I am counting on its
cooperation and assistance. Especially in the
present days of economic crisis, representatives
of our monetary institutes must, more than
ever before, monitor and study the situation
at hand, trends in our economic life, in order
to be able, in good time and promptly, to
undertake all that is necessary, by properly
understanding the role of the banks to
collect money from the people, which in
turn, they will give to the national economy
for promotion of productive work, without
looking only for their own gains, which are
discordant with the present-day economic
situation.
Together with this work on putting in order
our economic relations, we are also facing
the task of passing various laws in the field
of economic legislation, for the same purpose
and to the same end. I wish to especially
emphasize the laws on banks, savings banks,
insurance companies, and stock exchanges,
which are now being drafted in the field
entrusted to my care. Your proposals and
your cooperation, Dear Sirs, undoubtedly in
this work shall bear fruit regarding putting
in order of our credit environment, as well
as in fostering further development of our
overall national economy. Your strives, as
well as those of the King’s Government which
18 it is constantly undertaking, I believe that
are guided by one and the same thought: to
build an economically strong and prosperous
Yugoslavia, at the satisfaction of both His
Majesty the King, and the wellbeing of the
Yugoslav people.”
On the occasion of the tenth anniversary
of the Bank Association, King Alexander
Karadjordjevic issued a decree on decoration
which was read by the Minister of Trade and
Industry, Mr. Juraj Demetrovic. The King
had decorated with the Medal of the White
Eagle and the Medal of Saint Sava numerous
members of the Management, Executive, and
Supervisory Boards. After congratulations by
Minister Demetrovic on the well deserved
decorations and strong applause and
enthusiastic calls: “Long live!” the floor was
taken by Dr. Branko Pliveric, President of
the Federation of Monetary and Insurance
Companies of the Kingdom of Yugoslavia in
Zagreb:
“Establishment of the Bank Association
in Belgrade is falling within the initial post-
war years, marking an important stage in
the organisation of our economy. Together
with the Federation of Monetary Institutes
in Zagreb, this was the second professional
banking association, which had undertaken
for its main task to gather together and unite in
its midst primarily monetary institutes from
the areas of the former Kingdom of Serbia,
and with the joint forces to start work on the
promotion of these regions. While the trade,
crafts and industry in Serbia were organized
in their separate chambers, banks have, until
the establishment of the Bank Association in
Belgrade, remained unorganized, deeming
even this free association that they had formed,
only a predecessor of a separate Chamber of
Banking.
Tenth anniversary of work and life of the
Bank Association is falling at the time of
može da bude bez valjanih kreditnih ustanova,
a ni kreditne ustanove ne mogu da napreduju
ako su privredne prilike rđave i nezdrave. Za
to je profesionalni interes novčanih zavoda
identičan sa interesima celokupne narodne
privrede. Jedan se ne može razdvojiti od
drugoga, jer tek svi zajedno čine jednu višu
privrednu interesnu zajednicu.
Da je svesno toga pokazalo je Udruženje
banaka uzimajući inicijativu u mnogim
pitanjima opšteg privrednog značaja. Ja se
nadam da će to ono i u buduće činiti i računam
na njegovu saradnju i pomoć. Pogotovo u
današnje doba ekonomske krize, predstavnici
naših novčanih zavoda moraju više nego
igda pratiti i proučavati stanje, tok našeg
privrednog života, da bi pravovremeno mogli
preduzeti sve što treba, pravilno shvatajući
ulogu banaka da prikuplja sredstva iz naroda
koji će opet zatim davati narodnoj privredi za
unapređenje produktivnog rada, ne tražeći
u ovoj dobitke koji ne odgovaraju sadašnjoj
ekonomskoj situaciji.
Uz ovakav rad oko sređivanja naših
ekonomskih odnosa predstoji nam i
donošenje raznih zakona iz oblasti privrednog
zakonodavstva, a u istom cilju. Specijalno
ističem zakone o bankama, štedionicama,
o osiguravajućim društvima i berzama, na
kojima se radi u poverenom mi resoru. Vaši
predlozi i vaša saradnja, gospodo, na tom poslu
nesumljivo će dati ploda u pogledu sređivanja
naših kreditnih prilika, kao i daljeg razvoja
celokupne naše narodne privrede. Vaša
nastojanja kao i nastojanja kraljevske vlade,
koja ona stalno preduzima, uveren sam da su
rukovođena jednom istom mišlju: izgraditi
privredno jaku i naprednu Jugoslaviju, na
zadovoljstvo kralja i dobro jugoslovenskog
naroda.“
Povodom desetogodišnjice Udruženja
banaka, kralj Aleksandar Karađorđević je
izdao ukaz o odlikovanju koji je pročitao
ministar trgovine i industrije Juraj Demetrović.
Kralj je odlikovao ordenom Belog orla i Svetog
Save brojne članove Upravnog, Izvršnog i
Nadzornog odbora. Nakon čestitki ministra
Demetrovića na zasluženim odlikovanjima i
posle burnih aplauza i oduševljenih uzvika:
“Živeo“, reč je dobio dr Branko Pliverić,
predstavnik Saveza novčanih i osiguravajućih
zavoda Kraljevine Jugoslavije u Zagrebu:
“Osnivanje Udruženja banaka u Beogradu
pada u prve poratne godine beležeći važnu
etapu u organizovanju naše privrede. Uz
Savez novčanih zavoda u Zagrebu ovo je bilo
drugo profesionalno bankarsko udruženje,
koje si je uzelo za glavnu zadaću, da okupi u
sebi i ujedini u prvom redu novčane zavode sa
područja bivše Kraljevine Srbije, te udruženim
snagama poradi na unapređenju tih krajeva.
Dok su trgovina, zanat i industrija u Srbiji bili
organizovani u svojim zasebnim komorama,
banke su sve do osnivanja Udruženja banaka
u Beogradu bile neorganizovane, smatrajući
i to svoje slobodno udruženje tek pretečom
zasebne bankarske komore.
Desetogodišnjica opstanka Udruženja
banaka pada u doba snažnog razvitka i
izgradnje samostalne jugoslovenske narodne
privrede, praćenog tipičnim poratnim
poremećajima i promenama u privrednoj
strukturi i radu. Taj rad bio je mnogostruk i
intenzivan, često vrlo težak, no uvek potreban
te u skladu s opštim interesima narodne
privrede.“
Dr Ivan Slokar, predstavnik Novčanih
zavoda u Sloveniji bio je sledeći izaslanik
profesionalnih novčanih zavoda:
“Sretni ste što imate svoje sedište u prestonici
naše Kraljevine, pa već ta činjenica daje vašem 19
Udruženju poseban značaj. A ako pogledamo
 Hotel “Serbian King”
powerful development and construction of
independent Yugoslav national economy,
followed by typical post-war disturbances
and changes in the economic structure and
work. This work was multi-fold and intensive,
often very hard, but always necessary and
concordant with the general interests of the
national economy.”
Dr. Ivan Slokar, representative of the
Monetary Institutes of Slovenia, was the
next deputy of the professional monetary
institutes:
“You are lucky to have your headquarters
in the capital of our Kingdom, and this
fact alone gives your Association a special
importance. And if we are to look at your
20 work accomplished up to date, full of effort,
initiative and success, we must admire your
organization, your management, and first
of all, your president, Dr. Vlada Markovic.
You have been working for ten years already
on perfecting our monetary field and its
organization in favour of the depositors, and
all the branches of the national economy and
activities. In this regard, you are occupying
an important place in the domestic monetary
field. And with regard to the direct needs,
the nation State will always respond to our
monetary field, well aware of its patriotic duty,
as it had done in the past, always responding
to the call of the royal government.”
Brick by brick – a firm foundation
Dr. Milan Stojadinovic, President of the
Belgrade Stock Exchange, that had hosted in
its boardrooms this celebration, conveyed his
congratulations to the Bank Association with

Ignjat Bajloni, guverner Narodne banke
na vaš dosadašnji rad, pun napora, inicijative
i uspeha, moramo se diviti vašoj organizaciji,
vašoj upravi, a u prvom redu vašem
predsedniku dr Vladi Markoviću. Radite već
deset godina na usavršavanju našeg novčarstva
i njegove organizacije u korist ulagača, i svih
grana narodne privrede i delatnosti. U tom
pogledu zauzima u domaćem novčarstvu
važno mesto. A u pogledu direktnih potreba
država će se našem novčarstvu, svesno svoje
patriotske dužnosti, kao i do sada, uvek
odazivati pozivu kraljevske vlade. “
Cigla po cigla - čvrst temelj
Dr Milan Stojadinović, predsednik
Beogradske berze, u čijoj sali se i održala ova
svečanost, čestitke Udruženju banaka uputio
je na sledeći način:
“Kako je gospodin predsednik bio ljubazan
1 Hotel ‘’Srpski kralj’’ izgrađen je 1876. godine. Nalazio se između današnjih ulica: Pariska, Uzun Mirkova i Cara Uroša. Pretrpeo je
nekoliko izmena, adapatacija i izgradnja. Uništen je 06.04.1941. godine u bombardovanju.
pomenuti, ja sam jedan od onih koji su u
ono vreme osnivanja Udruženja banaka
uzidali neku ciglu u temelje zgrade ovog
našeg Udruženja. I može biti jedino što moju
radost donekle muti, to je to što smo svi mi,
pa i ja, sa vama zajedno deset godina stariji.
Ali ja se sećam i teških momenata kada je
naše Udruženje osnivano, u doba osnivanja
devizne centrale, deviznog pravilnika vrlo
dobro poznatih bankama i bankarima, i onih
predrasuda koji su se u to doba čule: kako su
banke i bankari oni koji tezauriraju devize u
svojim kasama i ne daju državi da taj problem
srećno reši. Mi smo danas daleko od prvih
predrasuda i tih prvih teškoća, i nama je
danas prijatno, da sa zadovoljstvom čitamo
izjave naših merodavnih faktora: da stojimo
pred definitivnim rešenjem valutnog pitanja,
pred legalnom stabilizacijom, pa prema tome,
i pred izricanjem smrtne presude tome mnogo
nevoljenom deviznom pravilniku. “
Istoga dana, a povodom desetogodišnjice
Udruženja, održan je, u 18 časova, banket
kod Srpskog kralja1 . Restoran je bio svečano
dekorisan, lusteri su goreli punim sjajem,
gospoda su bila u svečanim odelima a ispred
hotela tiskala su se vozila sa uvaženim gostima
iz cele zemlje i ponosnim domaćinima. Na
banketu je izmenjano više zdravica. Goste su
pozdravili dr Vlada Marković, kao predsednik
i Milivoje Šićarović i Jezdimir Đokić kao
potpredsednici. Udruženje je, pored ostalih,
pozdravio i guverner Narodne banke gospodin
Ignjat Bajloni i ministar Spoljnih poslova
gospodin dr Vojislav Marinković, predsednik
Beogradske berze. Milivoje Šićarević
potpredsednik Upravnog odbora Udruženja
banaka u zdravici je istakao sledeće:
“Naši novčani zavodi, čiji ste gospodo vi
21
 the following words:
“As Mr. President was kind enough to
mention, I am one of those who had, at the
time of establishment of the Bank Association,
built-in some of the bricks in the fundaments of
the edifice of this our Association. And maybe
the only thing that is somewhat clouding my
joy is that all of us here, myself including, that
all of us together today are ten years older.
But I can also recall some difficult moments
when our Association was being established,
at the time of establishment of the foreign
exchange head office, foreign exchange rules
of procedure very well known to the banks
and bankers, and those prejudices which
were to be heard at that time: that the banks
and bankers are the ones who are treasuring
foreign currencies in their vaults, not letting
the nation State happily resolve those matters.
We are today very far from those initial
prejudices and those initial difficulties, and
we are happy today to read with pleasure
statements made by our meritorious factors:
that we are standing before a definite solution
of the foreign exchange question, before the
legal stabilization, and therefore, also before
pronouncement of a death penalty to that, so
much unloved, foreign exchange rule book.”
On that same day, and on the occasion of the
tenth anniversary of the Association, at 18:00
hours, a banquet dinner was offered at the
Serbian King restaurant.1 The dinning room
was decorated for the festivity, chandeliers
were glowing in full brilliance, gentlemen
were dressed in evening attire, and in front
of the hotel there was a crowd of vehicles
bringing in the distinguished guests from all
over the country, and the proud hosts as well.
The banquet dinner was the place where many
22
1 Hotel “Serbian King” was built in 1876. It was situated between the present-day Belgrade streets : Pariska, Uzun Mirkova, and
Cara Urosa. It had passed through several reconstructions, adaptations and refurbishments. This hotel was destroyed during the
bombardment of Belgrade, on 6 April 1941.
toasts were exchanged. Guests were greeted
by Dr. Vlada Markovic, as the president, and
Milivoje Sicarovic and Jezdimir Djokic, as
vice-presidents. The Bank Association was
also greeted, among others, by the Governor of
the National Bank, Mr. Ignjat Bajloni, and by
Dr. Vojislav Marinkovic, Minister of Foreign
Affairs, President of the Belgrade Stock
Exchange. Vice-President of the Management
Board of the Bank Association, Mr. Milivoje
Sicarevic, in his toast, stated the following:
“Our monetary institutes, that you
gentlemen are representing here, and dear
friends, are playing a great role in our
economic life. Our monetary institutes are
powerful reservoirs of credits for our overall
domestic economy and entrepreneurship, and
their influence is important for the general
progress and material wellbeing of our people.
Our domestic monetary institutes were always
standing in the service of the national progress
and economic development, although they
were frequently, and often without grounds,
from certain quarters, exposed to malicious
criticism and attacks.
But the good disposition of competent
authorities and full understanding enjoyed
from all the economic organizations in
the country for the constructive work of
our monetary institutions, reinforced us
in our belief that our work is productive
and beneficial for the domestic economy.
Whenever the general needs demanded
activities and cooperation of our monetary
institutes, they were willingly and without
reservations, placing their good services at
the disposal of the general interests.
Immediately upon liberation and unification,
our institutes, with readiness, placed their
predstavnici i prijatelji, igraju veliku ulogu u
našem privrednom životu. Naši su novčani
zavodi moćni rezervoari kredita celokupne
naše domaće privrede i radinosti i njihov je
upliv značajan za opšti progres i materijalno
blagostanje našeg naroda. Naši domaći
novčani zavodi stajali su uvek u službi
nacionalnog progresa i privrednoga napretka
i ako su, često i neosnovano, sa izvesnih
strana bili izloženi tendencioznim kritikama
i napadajima.
Ali dobro raspoloženje merodavnih i
potpuno razumevanje svih privrednih
organizacija u zemlji za konstruktivan rad
naših novčanih institucija, učvrstio nas je u
uverenje da je naša delatnost produktivna i
korisna za domaću radinost. Kad god je opšta
potreba zahtevala aktivnost i saradnju naših
novčanih zavoda, oni su dragovoljno i bez
rezerve stavljali svoje usluge na raspoloženje
opštim interesima.
Odmah po oslobođenju i ujedinjenju naši
su novčani zavodi sa gotovošću stavili svoje
kase na raspoloženje Ministarstvu finansija
i prvi zajmovi za državne potrebe dati su iz
blagajnica naših domaćih novčanih zavoda.
Mi smo gordi i ponosni da taj patriotski gest
nacionalnih novčanih institucija možemo i
ovom prilikom da istaknemo.“
Ignjat Bajloni, guverner Narodne banke,
obratio se zvanicama rečima:
“Meni je jako žao što sprečeni poslom
nismo mogli, kao predstavnici Narodne
banke, prisustvovati, danas pre podne, vašoj
svečanosti. Ali ja vas molim da nam verujete
da zbog toga nisu ni najmanje umanjene naše
simpatije i naše priznanje za vaš svekoliki težak
i koristan rad u toku poslednjih deset godina.
Iz vaših izveštaja koje smo imali prilike da
pročitamo mi smo videli samo jedan deo toga
vašeg rada. Ali posmatrajući stalno sve što
se, iz dana u dan, činilo slobodno možemo
reći da je mnogo toga više učinjeno nego što
je tamo zabeleženo; a ono što je zabeleženo
tačno je, i ja vam zahvaljujem od strane
Narodne banke što ste uvek bili predusetljivi
i voljni da i njoj pomognete u izvršavanju
njene zadaće, u cilju olakšanja teške situacije.
Ja vam, gospodo, svesrdno želim da sve vaše
ideje i svi vaši dalji radovi, koje imate pred
sobom, uspevaju i da uspevaju onako kako i
vi to u vašem izveštaju i danas ovde sasvim
lojalno i stvarno iznosite a na ime: da sve što
radite bude na korist i napredak naše lepe
domovine, vas privrednika i svih onih koji su
povezani sa vama i koji sa vama rade i treba
da rade.“
Kakva je bila 1930. godina u pogledu
ekonomije i finansija i kako je poslovalo
Udruženje banaka saznajemo iz Izveštaja
Upravnog odbora koji je podnesen desetoj
redovnoj Skupštini, 7. juna 1931. godine.
Izdvajamo neke interesantne delove ovog
Izveštaja:
’’Svet nam siromaši. To se i ranije zapažalo,
a prošle godine ta je pojava izrazitija. I pored
štednje, pa čak i lišavanja zadovoljenja mnogih
prešnih potreba, ipak se oseća veliki manjak
sredstava usled slabe ili nikakve zarade. Kada
se pri tome uzme u obzir da su javne dažbine
teške, onda se taj teret oseća u ovakvim
prilikama još jače.
Nije u pitanju oskudica novca, odnosno
kredita. Novca je bilo kod nas ne samo
dovoljno, već i u suvišku. Nije ni postojala,
u potrebnoj meri, tražnja kredita, jer nije
bilo dovoljno poslova, u koje bi se taj novac
rentabilno plasirao. Šta više, novac se izvlačio
iz nerentabilnih poslova i ulagao u novčane
zavode.
23
 treasuries at the disposal of the Ministry of
Finance, and the first loans for the needs of
the nation State were granted from the vaults
of our domestic monetary institutes. We
are proud and confident that this patriotic
gesture of the national monetary institutes
deserves its meritorious mention also on this
occasion.”
Mr. Ignjat Bajloni, Governor of the National
Bank, addressed the audience with the
following words:
“I am very sorry that, because of work
obligations, we were not able as representatives
of the National Bank, to attend this morning,
your jubilee ceremony. But I implore you to
believe when we say that because of this our
sympathies for and our recognition of your
entire diligent and useful work during the
last ten years have not been diminished in
the least. From your reports that we had the
opportunity of reading, we have seen only one
part of your work. But observing constantly
everything that was being done, day in and
day out, we can freely say that much more
was done than was recorded in the reports;
and what was recorded is true, and I thank
you on behalf of the National Bank for always
been congenial and willing to help it too in
the achievement of its task, for purpose of
alleviating the difficult situation. I wish you
all, Dear Sirs, wholeheartedly that all your
ideas and all your future efforts that you have
before you, be successful and succeed in the
way that you have, in your report and today,
here completely loyally and realistically,
presented, and in particular: that everything
that you are doing should be at the benefit
and progress of our beautiful motherland, of
yourselves as entrepreneurs, and of all those
24 who are associated with you, and who are
working with you and should be working
with you.”
What was the year 1930 like regarding
economics and finance, and how successful
was the work of Bank Association is presented
in the Report of the Management Board
submitted at the tenth regular session of the
Assembly, held on 7 June 1931. Here are some
interesting excerpts from this Report:
“The world is getting poorer and poorer.
This was already observed in the past, but
last year this phenomenon became even
more emphatic. In spite of savings, and even
deprivation from satisfying many urgent
necessities, nevertheless one can feel a great
shortage of funds due to poor, or no earnings
at all. When we take into further consideration
here that public dues are heavy, then this
burden is felt under the present circumstances
even more acutely.
It is not a question here only of the shortage
of money, i.e. of credits. There was money
available, and not only sufficiently, but there
was even a surplus of funds. There was no
demand, up to the extend necessary, for
the credit facilities, because there were no
sufficient deals available, where one could
profitably place that money. In addition,
money was being pulled out of unprofitable
operations and deposited with monetary
institutes.
Due to the low prices of products our exports
had fallen in value last year, and also in the
tonnage because of reduced consumption
abroad, and because of lower purchasing power
the imports were also reduced. Trade balance
was passive, although only slightly so.
The exchange rate of the dinar was
maintained last year. Legislative stabilization
was not enforced.
The circumstances, in which the monetary
institutes were operating, thus were not as they
 Zbog niskih cena proizvoda naš je izvoz po
vrednosti opao prošle godine, kao i u tonaži
usled manje potrošnje u inostranstvu, a zbog
umanjene naše potrošačke moći i uvoz je
umanjen. Trgovinski bilans je bio pasivan,
iako u neznatnoj meri.
Kurs dinara je prošle godine održan.
Zakonska stabilizacija nije bila izvršena.
Prilike pod kojima su novčani zavodi radili
nisu, dakle, bile kako je želeti. Bilo je dosta
neplasiranog novca. Krediti su davani pod
relativno vrlo povoljnim uslovima. Ulozi
su uvećani i pored snižene kamatne stope.
Otpisi su kod banaka bili relativno veći no u
normalnim prilikama.
Naplate su po izvršenjima slabo priticale.
Poresko opterećenje banaka je uvećano. Pa
ipak, banke mogu biti zadovoljne, da su
svojim radom olakšavale, koliko je to moguće,
privrednu situaciju, i ako je to ispadalo često
puta na štetu akcionara. U Udruženju banaka
bilo je učlanjeno 54 banaka iz Beograda i 146
banaka iz unutrašnjosti.“
20. sednica Skupštine Udruženja Banaka održana je nakon
bombardovanje Beograda 6. aprila 1941.
Bankarska kriza
U 1932. godini Udruženje banaka je
učestvovalo zajedno sa bankama svojim
članicama u izradi Zakona o zaštiti
zemljoradnika, u izmeni i dopuni Zakona
o Narodnoj banci Jugoslavije i Zakona o
konverziji zemljoradničkih dugova.
U sali Izvozne Banke na 14. redovnoj
Skupštini Udruženja, 26. maja 1935. godine,
sekretar Udruženja Lujo Mor dao je opsežan
izveštaj o radu u prethodnoj godini:
“Zabluda je verovati da je za bankarsku
krizu lek uredba o zaštiti novčanih zavoda
i njihovih verovnika. Rad na njegovom
ozdravljenju mora biti dvojak. Prvi obuhvata
nove potrebne zakonske mere, koje se imaju
ustanoviti radi postavljanja čvrstih temelja
za organizaciju bankarstva. Drugi obuhvata
preduzimanje mera za oživljavanje rada naših
novčanih ustanova u korist narodne privrede.
Međutim, do sada ništa nije urađeno. Stojimo
tako u jednoj situaciji, koja je očajna i
gledamo kako se ruši naše
bankarstvo. Do kraja 1934.
godine 105 novčanih zavoda
tražilo je razne vrste zaštita,
170 njih je tražilo odlaganje
plaćanja, a 10 sanaciju. Taj
broj je ogroman prema
ukupnom broju novčanih
zavoda kojih u zemlji sada
ima 620.“
Na 15. sednici Skupštine,
jula 1936. godine, pred-
stavnici banaka okupljeni
oko Udruženja tražili su
slobodno utvrđivanje kama-
ta prema ponudi i tražnji
novca. Kako su naglašavali 25
“kamatnjak je stalno išao
 would have liked them to be. There was a lot of
unplaced money. Credits were granted under
relatively very favourable terms. Deposits
were increased in spite of the lowered interest
rate. Bank writing offs were relatively higher
than under normal circumstances.
Collection of receivables under enforcement
was flowing-in poorly. Fiscal burden of banks
was increased. Nevertheless banks can be
satisfied for having, through their efforts,
alleviated to the extent possible, economic
situation in the country, although this was
often turning out to be at the expense of the
shareholders. At the Bank Association there
were 54 member banks from Belgrade and
146 banks from the provinces.”
Banking crisis
In the year 1932, Bank Association
participated, together with its member banks,
in the drafting of the Law on Protection of
Farmers, in the amendments and supplements
to the Law on the National Bank of Yugoslavia,
and in the Law on Conversion of Farmers’
Debts.
In the boardroom of the Export Bank, at the
14th regular Assembly of the Association, held
on 26 May 1935, Secretary of the Association,
Mr. Lujo Mor, presented an extensive report
on the work in the previous year:
“It is an illusion to believe that the banking
crisis can be cured by the Decree on protection
of monetary institutes and their creditors.
Work on their recuperation must be dual. The
first covers new necessary legislative measures,
which must be imposed in order to set solid
grounds for the organisation of the banking
sector. The second covers undertaking of
26 measures for revitalization of work of our
monetary institutions in favour of national
economy. However, until now nothing has
been done. We are standing now in a situation
which is desperate and are looking at the
crumpling down of our banking system.
Until the end of the year 1934, some 105
monetary institutes demanded various kinds
of protection, 170 of them requested delay of
payment, and 10 asked for rehabilitation. This
number is enormous when compared with
the total number of monetary institutes in the
country, which are now 620.”
At the 15th session of the Assembly held
in July 1936, representatives of the banks
gathered around the Association, requested a
free fixing of interest rates according to the
money offer and demand. They were saying
that “interest rate was constantly on the fall,
even before fixing the maximum rate”. This
measure had even further strengthened poor
confidence of the depositors and some banks
were brought to bankruptcy. Thus the money
passed from banks into the hands of money
lenders, loan sharks.”
The last session of the Bank Association
Assembly, in its twenty years of continuous
work, was held on 27 April 1941, twenty days
after the bombardment of Belgrade. In the
report on the previous year, it was stated that
it was an entire war year. Monetary market
was liquid and was under inflatory effects.
There were ample amounts of banknotes in
circulation. In comparison with the end of
1938, by the end of 1940, there were a two-fold
number of banknotes in circulation. There
was also a significant desauration of money,
which was not an expression of confidence
in the dinar currency. The dinar currency,
although it lost a lot of its purchasing power,
still remained the payment currency and as
such “was being tucked away, just in case, for
emergency and trouble”.
 nazvalo pravnim hermafroditizmom. Time
su uništena prava akcionara i poništen ugov-
or između države i akcionara. Na ovaj način,
naglašavano je, ministar finansija je u ime
države postao svemoćan u Narodnoj banci.
Kada je zvanično Udruženje banaka prestalo
da radi za vreme Drugog svetskog rata za
sada je nepoznato. O neizvesnoj budućnosti
Udruženja u vizionarskom uvodniku za
Skupštinu zapisano je: “Mi živimo u vremenu
trošenja nerava, točenja ljudske krvi,
skučenosti ishrane, skupoće i poremećaja u
proizvodnji, potrošnji, trgovini, finansijama,
saobraćaju i drugim delatnostima. Pred nama
stoji puna neizvesnost ne zna se kada će se
na dole i pre maksimiranja“. Tom merom je
završiti rat, i šta će biti po svršetku rata“.
ojačano nepoverenje ulagača i neke banke je
dovelo do kraha. Zbog toga je novac iz bana-
Razvoj bankarstva posle II svetskog
ka otišao u ruke zelenaša’’.
rata
Poslednja sednica skupštine Udruženja ba-
naka, u dvadeset godina kontinuiranog rada,
Izgradnja bankarskog sistema posle
održana je 27. aprila 1941. godine, dvade-
Drugog svetskog rata prošla je kroz više
set dana nakon bombardovanja Beograda.
razvojnih perioda. Prvi, od 1944. do 1946.
U izveštaju o prethodnoj godini ističe se
godine, značajan je po tome što je tadašnja
da je cela bila ratna. Novčano tržište je bilo
vlast pristupila izgradnji tzv. socijalističkog
likvidno i pod uticajem inflacije. Novčanica
bankarstva, stavivši isprva pod kontrolu, a
u opticaju je bilo u izobilju. U odnosu na kraj
zatim i pod likvidaciju, privatno bankastvo
1938. godine krajem 1940. bilo je duplo više
stare Jugoslavije. Osnovana je nova Savezna
novčanica u opticaju. Bilo je u značajnoj meri
banka - industrijska banka Jugoslavije.
i dezaurisanja novca koje nije bilo izraz pov-
Počele su se osnivati i državne banke u svim
erenja u dinar. Dinar koji je mnogo izgubio
sedištima tadašnjih republika a jedna od njih
od svoje kupovne moći bio je ipak platežno
Denarni zavod Slovenije osnovana je još za
sredstvo i kao takav “skrivan za svaki slučaj
vreme rata, marta 1944. godine. Pri kraju ovog
i nevolju“.
perioda bilo je 7 saveznih banaka: Narodna
Najviše polemika i protivljenja među banka-
banka FNRJ, Industrijska banka Jugoslavije,
ma i u udruženju banaka proizvela je Uredba
Poštanska štedionica, Zanatska banka FNRJ,
o izmenama i dopunama Zakona o Narod-
Združena i poljoprivredna banka, Državna
noj banci Kraljevine Jugoslavije, objavljena
investiciona banka, Jugoslovenska izvozna i
septembra 1940. godine. Uredba koja “nema
kreditna banka. Postojalo je i 6 republičkih
ustavne podloge niti zakonske važnosti“
banaka: Privredna banka NR Srbije, 27
protumačena je kao namera da se izvrši eta-
Zemaljska banka za Hrvatsku, Denarski zavod
tiziranje Narodne banke. Udruženje ga je
 War still remains unknown. On the uncertain
future of the Association, in a visionary
introduction to the Assembly session, it was
written: “We are now living in the times
that are costing us nerves, costing us human
blood, in the times of scarce nutrition, high
costs of living and disturbances in production,
consumption, trade, finances, transport and
all other activities. What we are faced with is
complete uncertainty, not knowing when the
war will end, not knowing what the end of
war will bring about.”

Development of banking after the

Second World War

Construction of the banking system after

the Second World War passed through
several development periods. The first one,
from 1944 to 1946, was significant for the fact
Palace “Beograđanka”:
that the then-ruling regime ventured into the
Association of Yugoslav Banks 1974-1998. construction of the so-called socialist banking,
initially placing under the state control,
The fiercest polemics and opposition
and then under total liquidation, the entire
amongst bankers and within the Bank
private banking system of the old Yugoslavia.
Association were caused by the Decree on
The new Federal Bank was established – as
amendments and supplements to the Law
Industrial Bank of Yugoslavia. State owned
on the National Bank of the Kingdom of
banks were also gradually being established
Yugoslavia, promulgated in September 1940.
in all the capital cities of the then-republics,
This Decree which “neither has a constitutional
and one of them, Dinar Institute of Slovenia,
backing, nor a legislative validity”, was
was established even during the war, in
interpreted as an intention to carry out
March 1944. Close to the end of this period,
etatization of the National Bank. Bank
there were 7 federal banks: National Bank of
Association called it a legal hermaphrodite.
the Federal People’s Republic of Yugoslavia
It meant that the rights of shareholders were
(FNRJ), Industrial Bank of Yugoslavia, Postal
destroyed and the contract between the
Savings Bank, Craftsmen’s Bank of FNRJ,
nation State and shareholders was annulled.
United and Land Bank, State Investment
In this way, it was underlined, Minister of
Bank, Yugoslav Export and Credit Bank.
Finance on behalf of the nation State, became
There were also 6 republican banks: Business
an omnipotent entity in the National Bank.
28 Bank of the People’s Republic of Serbia, Land
When did the Bank Association officially
Bank for Croatia, Dinar Institute of Slovenia,
suspend its work during the Second World
Slovenije, Privredna banka BiH, Makedonska
stopanska banka i Privredna banka Crne
Gore. Osnovane su i 59 lokalnih banaka, 22 u
Srbiji, 11 u Hrvatskoj, 23 u Sloveniji, 21 u BiH
i 1 u Makedoniji.
Period od 1946. do 1948. godine, obeležen
je spajanjem banaka koje su znatno uprostile
naš bankarski sistem. Naime, veliki broj
samostalnih banaka nije omogućavao
pregled kreditnih sredstava i potreba, podela
sredstava je bila neravnomerna, a postojala je
i nejednakost uslova pod kojim su preduzeća
Današnje sedište Udruženja banaka Srbije
dobijala kredite. Zbog toga su se sve republičke
banke i sve savezne banke, osim Državne
investicione banke i Jugoslovenske izvozne i
kreditne banke, spojile sa Narodnom bankom.
Sve do 1948. godine, pored gradskih štedionica
i JIK banke, postojale su i dve savezne banke:
Narodna banka FNRJ za kratkoročni kredit
i Državna investiciona banka za dugoročne
poslove i finansiranje investicione izgradnje.
Treća faza, od 1948. do 1952. godine,
karakteristična je po tome što su stvorene
dve nove vrste banaka: državne banke
za kreditiranje zemljoradničkih zadruga
i komunalne banke. Državne banke za
kreditiranje zemljoradničkih zadruga
osnovane su kao investicione banke seljačkim
zadrugama i drugim zadrugama opšteg tipa.
U celoj državi bilo je ukupno 6 takvih banaka
sa 43 filijala i 93 predstavništava pri sedištima
Narodne banke. Osnivanje komunalnih
banaka usledilo je radi pružanja jačeg
podstreka lokalnoj privredi i komunalnoj
delatnosti.
Četvrta faza bila je od 1952. do 1954. godine.
Uredba doneta 1952. godine ozakonila 29
je spajanje Državne investicione banke
 Business Bank of Bosnia and Herzegovina,
Macedonia Stopanska Bank, and Business
Bank of Montenegro. In addition, 59 local
banks were established, 22 of them in Serbia,
11 in Croatia, 23 in Slovenia, 21 in Bosnia and
Herzegovina, and one in Macedonia.
Period from 1946 to 1948 was marked by
merger of the banks, which significantly
simplified our banking system. Namely, a
large number of independent banks did not
allow a proper overview of the credit facilities
and requirements, allocation of funds was
uneven, and there was a certain inequality in
terms of granting credits to companies. For
this reason all the republican banks and all
the federal banks, with the exception of the
State Investment Bank, and the Yugoslav
Export and Credit Bank, merged with the
National Bank. Throughout this time, until
the year 1948, in addition to the city savings
banks and the JIK Bank (Yugoslav Export
and Credit Bank), there were also two federal
banks: National Bank of the FNRJ for short-
term credit facilities, and the State Investment
Bank for long-term deals and financing of
capital investment projects.
The third phase, from 1948 to 1952 is
characteristic for the creation of two new types
of banks: state-owned banks for crediting
agricultural cooperatives, and communal
banks. State-owned banks for crediting of
agricultural cooperatives were established as
investment banks for farming cooperatives
and other cooperatives of a general type. In
the entire nation State there were a total of 6
of these banks, with 43 bank branches and
93 representative offices at the headquarters
of the National Bank. Establishment of
communal banks took place for purpose of
30 a stronger impetus on local economy and
public utilities activities.
The fourth phase was taking place from
1952 to 1954. Decree was passed in the year
1952 legalizing the merger between the State
Investment Bank of the FNRJ and the state-
owned banks for financing of agricultural
cooperatives, while the communal banks were
closed. National Bank of the FNRJ remained
the only bank in the country. Such a large-
scale bank had 463 bank branches, located in
every larger town in the country.
From the League of Communal Banks
and Savings Banks, to the Bank
Association of Yugoslavia
The fifth development phase lasted from
1954 to 1961. This phase of development
was characteristic for decentralization and
specialization of the crediting function
within the banking system. New crediting
organizations were introduced; communal
banks, city and cooperative savings banks,
and the National Bank became again the
central bank of the country.
In this period, the League of Communal
Banks of Yugoslavia was constituted because
there was a sudden growth and development
of the number of banks in the country. The
first session of the Assembly of the League
of Communal Banks and Savings Banks
of Yugoslavia, a predecessor of the Bank
Association of Yugoslavia, was held in the
year 1957. Nevertheless, it marks its real
beginning in 1958. Under this name it is to
operate throughout this period, until the year
1967. It was then that the first constituent
Assembly was held of the Bank Association
of Yugoslavia.
During this period, Bank Association
defined its tasks that it has had even prior to the
FNRJ i državnih banaka za finansiranje
zemljoradničkih zadruga, a komunalne banke
su ukinute. Narodna banka FNRJ ostala je
jedina banka u zemlji. Ovako velika banka
imala je 463 filijale u svakom većem mestu u
zemlji.
Od Savez komunalnih banaka i
štedionica do Udruženja banaka
Jugoslavije
Peta faza trajala je od 1954. do 1961. godine.
Ovu etapu razvoja karakteriše decentralizacija
i specijalizacija kreditne funkcije bankarskog
sistema, uvode se nove kreditne organizacije,
komunalne banke, gradske i zadružne
štedionice a Narodna banka je ponovo postala
centralna banka zemlje.
U ovom periodu konstituisan je i Savez
komunalnih banaka Jugoslavije jer je usledio
nagli razvoj i povećanje broja banaka u zemlji.
Prva sednica Skupštine Saveza komunalnih
banaka i štedionica Jugoslavije, preteče
Udruženja banaka Jugoslavije, bila je 1957.
godine. Ipak svoj pravi početak beleži od
1958. Pod ovim nazivom radiće sve do 1967.
godine. Tada je održana I osnivačka Skupština
Udruženja banaka Jugoslavije.
U ovom periodu Udruženje banaka je
definisalo zadatke koje je imalo i pre II
svetskog rata, a ima i danas. Već 1959. godine
osniva se bankarska škola, održavaju se
savetovanja, kao na primer 1963. godine na
temu “Primene odluke o sprovođenju mera
opšte kreditne politike“. Izdavačka delatnost
postaje značajno polje rada Udruženja banaka.
U 1967. godini izrađen je i priručnik za
devizno poslovanje kao i prevodi publikacije
o nemačkoj čekovnoj karti. To je možda bio
i povod da se u Udruženju banaka razmišlja
i o osnivanju deviznog tržišta. Tako je 1972.
godine urađen Pravilnik o organizaciji
poslovanja na deviznom tržištu. I, konačno
1973. godine nakon urađenog Samoupravnog
sporazuma o uređenju deviznog tržišta,
Poslovnika o radu, Pravilnika o obrazovanju,
uređenju nadležnosti i postupku arbitraže i
disciplinskog suda, devizno tržište je počelo
sa radom u Udruženju banaka.
Udruženje banaka je pokrenulo i izdavanje
Informativnog biltena 1965. godine i časopisa
Jugoslovensko Bankarstvo 1970. godine.
Bilten i časopis, osim informativne, imali su
i obrazovnu funkciju. I u ovim poslednjim
godinama rada Udruženja banaka Srbije
informativna i edukativna funkcija je od
velikog značaja. Udruženje banaka je, samo u
poslednje dve godine, izdalo 6 knjiga, časopis
koji se sada zove Bankarstvo dizajnerski i
sadržajno je obogaćen i inoviran a izdaje se
i Bilten UBS. Centar za bankarsku obuku
Udruženja banaka sarađuje sa Bankarskom
Akademijom iz Frankfurta i sa Agencijom za
transfer finansijskih tehnologija – ATTF iz
Luksemburga. Predavači iz ovih institucija,
kao i domaći eminentni profesori i stručnjaci
iz banaka i drugih institucija, angažovani
su u Centru za bankarsku obuku. Centar
svake godine okuplja na seminarima stotine
polaznika svih nivoa znanja i stručnosti
iz banaka. Održavaju se i savetovanja iz
tematskih oblasti od značaja za rad banaka.
Osim toga, u Udruženju se organizuju i
predavanja i ispiti za pripravnike banaka iz
cele Srbije. Udruženje je aktivno i na razvoju
saradnje sa sličnim asocijacijama iz Evrope, a
posebno sa Balkana. Od 2004. godine član je
Međubalkanskog Foruma udruženja banaka.
U 2004. godini, za samo godinu dana,
Udruženje banaka je završilo značajan
projektni zadatak – osnivanje Kreditnog 31
biroa. Stvarajući ovaj značajan organizacioni
 Second World War, and that it is having until
this day. Already in 1959 school of banking
was established, consultative meetings
organized, as for example in 1963, with the
topic “Implementation of the decision on
application of measures of a general crediting
policy”. Publishing activities became an
important field of work of the Bank Association.
Centre for Training in Banking.
In the year 1967 a handbook was compiled
for foreign exchange operations, as well as the
translation of publication about the German
cheque card. This was, perhaps, the cause for
the Bank Association to start thinking about
the establishment of the foreign exchange
market. Thus in the year 1972, Rule Book
was drafted on the organization of operations
of the foreign exchange market. Finally,
in the year 1973, after the concluded Self-
management Agreement on the regulation
of the foreign exchange market, Rule Book
on Operation, Rule Book on education,
regulation of competencies and arbitration
procedure and court of disciplinary action,
the foreign exchange market started with its
32 work at the Bank Association.
Bank Association also initiated publishing
of an Information Bulletin in 1965, and of the
journal Yugoslav Banking in the year 1970.
Bulletin and the journal, further to their
informative function, also had an educational
purpose. During these latest years as well this
informative and educational function of the
Association of Serbian Banks remains of the
highest importance. Association of Serbian
Banks, during the last two years alone, had
published 6 books, a magazine that is now
entitled “Banking” was in design and contents
highly enriched and innovated, and also an
UBS Bilten (Bulletin of the Association of
Serbian Banks) is being published. Centre
for Training in Banking of the Association
of Serbian Banks is cooperating with the
Banking Academy in Frankfurt and with the
Agency for Transfer of Financial Technology –
the ATTF from Luxembourg. Lecturers from
these institutions, as well as distinguished local
professors and experts in the field of banking
and other financial institutions, are engaged
in the Centre for Training in Banking. This
Centre is gathering together every year at its
seminars hundreds of trainees, on all levels
of knowledge and professional expertise
deo Udruženja banaka njeni tvorci nisu ni
slutili da je jedna takva institucija postojala
u zemlji pre Drugog svetskog rata. Prilikom
pronalaženja dokumentacije o radu Udruženja
banaka iz perioda od 1921. do 1941. godine
na svetlo dana su, iz zaborava, iznikli podaci
o njegovom radu, pravilima i osnivačkim
aktima. Tako je Kreditni biro samo nastavio
tradiciju dugu više od 75 godina, svrstavši se
među slične evropske institucije sa najdužim
stažom.
U 2005. godini Kreditni biro je izdao,
na zahtev banaka i građana, preko milion
izveštaja. Oni su postali osnovni dokumenti
za donošenje odluke o pružanju usluga
klijentima banaka. Usavršavajući program
za izradu izveštaja, danas je moguće dobiti
Sednica Skupštine Udruženja banaka Srbije
izveštaj u rekordno kratkom roku za samo
nekoliko sekundi. U Kreditnom birou se
nalazi dokumentacija koja se svakodnevno
inovira i koja obuhvata podatke o obavezama
fizičkih lica po osnovu kredita tekućih računa,
platnih kartica, jemstva i lizinga.
Već u prvoj godini rada sve banke u Srbiji su
postale njegovi osnivači i korisnici. Građani
su, takođe, prihvatili rad Kreditnog biroa
shvatajući da će im njegov izveštaj pomoći u
bržem i jeftinijem obezbeđenju kredita, ali i
za neke druge poslove i finansijske obaveze.
O stručnom radu i značaju Kreditnog biroa
govori i odluka Narodne banke Srbije po
kojoj su banke obavezne da pri donošenju
odluke o kreditiranju građana izvrše upit za
zainteresovanog korisnika kredita, kartice i
dr. U 2005. godini Kreditni biro je krenuo i sa
prikupljanjem podataka o obavezama pravnih
lica i preduzetnika kod banaka i kod davalaca
lizinga, sa podacima o kreditima, lizingu,
garancijama, nepokrivenim akreditivima i
akceptima, dužničkim hartijama od vrednosti
i biznis karticama. U ovoj godini, od aprila, 33
počelo je izdavanje izveštaja i za pravna
 in the banks. Consultative meetings are
also held, devoted to the topics in the fields
important for the work of banks. In addition,
in the Association lectures are organized
and professional examinations for bank
apprentices and beginners from throughout
Serbia. Association of Serbian banks is also
active in development of cooperation with
the similar associations in Europe, and
especially in the Balkans. From the year 2004
it has joined the membership of the Interbank
Forum of Bank Associations.
During the year 2004, in only one-
year’s time, Association of Serbian Banks
accomplished an important project assignment
– establishment of the Credit Bureau. In
creating this important organizational part
of the Association of Serbian Banks, its
founding fathers did not even dream that
such an institution already existed in the
country prior to the Second World War.
While searching for the documents dealing
with work of the Bank Association in the
period from 1921 to 1941, what surfaced from
oblivion were the information about its work,
rules and founding documents. Thus the
Credit Bureau was only to continue on the
tradition over 75 years long, ranking amongst
the similar institutions of its kind, with the
longest standing.
In the year 2005, Credit Bureau issued, at
the request of both the banks and citizens,
over one million reports. They have now
become the basic documents pertinent for
the decision on granting services to the bank
customers. While upgrading the program for
elaboration of the reports, it is possible today
to obtain a report in the record short time,
of only a few seconds. Credit Bureau houses
34 all the documents recorded on daily basis
and updated to cover the data on liabilities
of physical persons, on the basis of current
account overdrafts, credit cards, mortgages
and leasing deals.
Already during the first year of its work,
all the banks in Serbia became founders and
users of the Credit Bureau. Citizens have also
accepted the Credit Bureau operations, well
aware that its report can assist them in a faster
and cheaper procurement of credit facilities,
but also in some other fields of financial
liabilities. Professional work and importance
of the Credit Bureau is best illustrated by
the decision of the National Bank of Serbia
prescribing that the banks must mandatory,
when deciding on granting credit facilities to
citizens, submit a request for the report on the
interested party applying for a credit facility,
credit card, etc. In the year 2005 Credit
Bureau initiated gathering of data on the
corporate liabilities and entrepreneurs with
the banks and leasing agencies, with the data
on credit facilities granted, leasing contracts,
guarantees, unsecured letters of credit and bill
acceptances, corporate bonds and business
cards. In this year, starting from April,
issuing commenced of reports for corporate
sector as well. Thus the second development
phase of the Credit Bureau is now completed.
The third phase of development of the Credit
Bureau is gathering of data on liabilities of
both physical persons and corporate sector
with non-banking institutions, i.e. public
utility companies such as: Infostan, PTT, etc.
European Clearing and Settlement
Award
In late 2005, on the eve of the jubilee 85th
year of its work, Association of Serbian Banks
received in London a prestigious European
Clearing and Settlements Award. This award
Upravni odbor Udruženja banaka Srbije
lica. Time se završila njegova druga faza
razvoja. Treća faza razvoja Kreditnog biroa je
prikupljanje podataka o obavezama fizičkih i
pravnih lica kod nebankarskih instititucija,
odnosno kod javnih preduzeća kao što su:
Infostan, PTT itd.
Evropska nagrada za kliring i
saldiranje
Na kraju 2005. godine, uoči jubilarne 85.
godine, Udruženje banaka je u Londonu
dobilo prestižnu evropsku nagradu za kliring
i saldiranje. Nagrada je stigla posle napornog
i požrtvovanog rada koji je usledio nakon
preuzimanja kliringa čekova od Narodne
banke. U Udruženju banaka tada su sagledane
mogućnosti da se ti poslovi rade mnogo brže
i savremenije. Sa stručnjacima iz Udruženja
banaka u ovom poslu su učestvovali i
predstavnici informatičkih kuća Microsoft
i Saga. Nagrađeni projekat zasnovan je na
najmodernijim tehnologijama, sa izuzetno
jakom telekomunikacionom infrastrukturom.
Umesto za 10 dana rad se obavlja za samo
jedan sat. U grupi nagrađenih zajedno sa
Udruženjem banaka bile su i najpoznatije
svetske banke i finansijske institucije kao što
su: Citigroup, BNP Paribas, Morgan Stanley,
Royal Bank of Scotland, Barclays Bank,
Piraeus Bank, Commerzbank i mnoge druge.
Nakon dve godine priprema, u 2006. godini
počelo je sa radom međubankarsko tržište
gotovim novcem. Da je Udruženje bilo na
dobrom putu pokazala je i odluka Narodne
banke Srbije da, od oktobra 2005. godine,
smanji broj svojih organizacionih jedinica sa
oko četrdeset pet na samo pet punktova. Uz
pomoć predstavnika banaka i informatičkih
kuća sa kojima Udruženje ima uspešnu
35
saradnju urađen je projekt “Bank servis UBS“ o
razvoju osam različitih tržišta: tržište gotovim
 arrived after a diligent and concerted work
undertaken upon taking over the cheques
clearing operations from the National Bank.
Association of Serbian Banks, at that time,
assessed all the options for performing the
clearing operations in a much faster and a
more sophisticated way. Together with the
experts from the Association of Serbian
Banks, representatives of the information
technology houses Microsoft and Saga took
part in this work. The award-winning project
is based on the cutting edge technologies, with
the extremely powerful telecommunication
infrastructure. Instead of taking up 10 days
of work, the entire operation is accomplished
in only one-hour’s time. In the group of the
award-winners, together with the Association
of Serbian Banks, were also the most
distinguished world banks and financial
institutions of the world, such as the Citigroup,
BNP Paribas, Morgan Stanley, Royal Bank
of Scotland, Barclays Bank, Piraeus Bank,
Commerzbank, and many others.
After two years of preparations, in the
year 2006, the Interbank ready cash market
started its work. That the path on which the
Association of Serbian Banks had embarked
is the right one, was best illustrated by the
decision of the National Bank of Serbia, of
October 2005, to reduce the number of its
organizational units, from some forty five
to only five outlets. With the assistance of
representatives of the banks and information
technology houses with whom the Association
has successful cooperation, project was
designed entitled “Bank Service UBS” (Bank
Service of the Association of Serbian Banks
– ASB), on the development of eight different
markets: ready cash market, money market,
36 foreign exchange market, futures contracts,
repo market, SWOP market, securities loan
market, and discount market.
The first to start with its work is the
Interbank ready-cash market, which may
rightfully be called the most modern, the
most economic and the fastest of the markets.
Council of Users was established composed of
the representatives of those banks which were
the most interested in the commencement
of its work. Members of the Council are:
Komercijalna banka (Commercial bank),
Postal Savings Bank, Kulska banka (Kula
Bank), Agrobanka, Credy banka, Kosovo-
Metohijska banka (Kosovo-Metohija Bank),
Laiki Bank, Privredna banka Beograd
(Business Bank Belgrade), Metals Bank
– Credit Agricole, ProCredit Bank, and
Treasury Administration.
The banks, signatories of the Agreement, at
a designated time, in a designated manner,
through the electronic screen are performing
the purchase of the shortage amounts, or the
sale of the surplus amounts of ready money.
Participating banks are managing this
market, upgrading it, setting up the prices of
services, and passing decisions on its further
development. The access to the use of these
services for other banks as well is opened,
provided previously the Agreement is signed.
The initial practical experiences and good
realisation of this project will accelerate
introduction of other Interbank markets
which, according to plan, should start their
work at the Association of Serbian Banks.
Association of Serbian Banks is maintaining
permanent contacts with the member
banks regarding various issues, through its
Management Board and Supervisory Board,
and the home committees: for foreign affairs,
for monetary and crediting policies, for
banking supervision and bank operations
with legal entities in the country, for financial
 Agrobanka, Credy banka,
Kosovsko - Metohijska
banka, Laiki Bank, Privredna
banka Beograd, Metals Bank
- Credit Agricole, ProCredit
Bank i Uprava trezora.
Banke potpisnice Ugovora u
određeno vreme, na određeni
način, preko elektronske
table obavljaju kupovinu
nedostajuće količine ili
prodaju viškove gotovog
novca. Banke učesnice
upravljaju ovim tržištem,
dograđuju ga, određuju cenu
usluga i donose odluku o
njegovom daljem razvoju.
Pristup korišćenju ovih
usluga i za druge banke
je otvoren uz prethodno
potpisivanje Ugovora.
Prva praktična iskustva i
dobra realizacija ovog prijekta

novcem, novčano tržište, devizno tržište,

terminski ugovori, repo tržište, SVOP tržište,
davanje HOV na zajam i eskontno tržište.
Prvo koje je počelo sa radom je
međubankarsko tržište gotovog novca, koje s
pravom može poneti epitete: najsavremenije,
najekonomičnije i najbrže. Obrazovan je Savet
korisnika koga čine predstavnici banaka koje
su najviše bile zainteresovane za početak
njegovog rada. Članice Saveta su: Komercijalna 37

banka, Poštanska štedionica, Kulska banka,

 reporting, for development of retail banking,
for information technologies, and for the
payment system. The number of home
committees in 2006 was increased, as the
committee for Compliance, and committee
for marketing and information, were
established.
During this year when we are celebrating
85 years of life and work of the Bank
Association in Belgrade, it is an opportunity
to remember all those who have helped its
successful and highly professional work.
Many of them remain well known to us until
this day, thanks to the legacy that they have
preserved for generations to come. Many of
them, unfortunately, are today unknown but
38
Belgrade
this does not diminish their contribution
to the high reputation gained by the Bank
Association in the world of banking and
finance, and they merit our unreserved
gratitude. The story of the Bank Association
does not end here. All the professionals
employed in the Association of Serbian
Banks are having today their individual and
professional obligation to continue forward,
like their predecessor did, in the development
of this banking institution, and until the
centennial anniversary there are only some
15 years left.
ubrzaće i uvođenje drugih međubankarskih
tržišta koja će, prema planu, početi da rade u
Udruženju banaka.
Udruženje banaka održava stalne kontakte
sa bankama članicama po raznim pitanjima
preko Upravnog i Nadzornog odbora i
matičnih odbora za: poslove sa inostranstvom,
monetarno kreditnu i kamatnu politiku,
računovodstvo, finansijska tržišta, razvoj
poslova sa građanima, informatiku i
standardizaciju i platni promet. Broj matičnih
odbora se u 2006. godini povećao, osnovan
je i odbor za Compliance i za marketing i
informisanje.
U ovoj godini kada se obeležava 85. godina
postojanja Udruženja banaka u Beogradu
prilika je da se setimo svih onih koji su
doprineli njegovom uspešnom i stručnom
radu. Mnogi od njih su nam i danas znani,
zahvaljujući ostavštini koju su sačuvali za
naredna pokolenja. Mnogi su, nažalost, danas
nepoznati što nikako ne umanjuje njihov
doprinos sticanju ugleda Udruženja banaka
u bankarskom i finansijskom svetu i našu
neizmernu zahvalnost. Priča o Udruženju
banaka se ovim ne završava. Zaposleni u
Udruženju banaka danas imaju ljudsku i
profesionalnu obavezu da nastave dalje, poput
svojih prethodnika, u razvoju ove bankarske
institucije, a do veka njegovog trajanja ima
samo 15 godina.
39
Beograd
 KEY GENERATOR OF THE SERBIAN
BANKING SECTOR EXPANSION
Compared to other central banks, the
National Bank of Serbia has a much wider
remit, as in addition to its core functions –
conducting monetary and foreign exchange
policies, and banking supervision – its scope
of competences has come to include the
supervision of leasing companies, supervision
of insurance companies, and, as the most
recent addition, supervision of voluntary
pension funds, which, in some countries,
are functions exercised by three separate
institutions. This fact enables the Serbian
monetary authority not only to accomplish
its primary objectives – the first of which is
to achieve and maintain price stability, and,
consequently, financial stability – but also
to conduct consolidated supervision of the
entire financial system, which, in this stage of
transition and financial sector development,
is of vital importance. It is precisely now that
legislative and regulatory foundations are
40
being laid and institutions built, guaranteeing
anyone who chooses to invest money or
capital in Serbia a necessarily safe return on
the investment.
In the second half of 2001, world
unprecedented measures were taken in the field
of bank restructuring in Serbia, when as much
as two-thirds of the banking sector balance
sheet total was closed down, which, rather
than resulting in catastrophic consequences
as some had announced, yielded a modern
and developed banking system in which the
largest part of ownership transformation has
already been completed. The challenge we
are facing today is to prevent the formation
of monopoly in the banking
sector as a consequence of large
interest present in entering the
Serbian banking market, and of
demonstrated readiness to pay a
relatively high price for market
entry, i.e. for buying domestic
banks.
The results achieved in the
past five years in the banking
sector are the best example of
how important the credibility
of financial institutions is, and
how important it is to restore
confidence in these institutions.
In Serbia, this was no easy task due to bad
experiences in the past. Strictly adhering to its
supervisory function, the NBS closed 30 banks
in that period; as a consequence, today we
have a sound banking system, clear ownership
structures and a number of employees that
returned to its 2001-level in only two years,
whereas a more than threefold rise in wages has
placed banking sector employees among those
who have benefited most from the transition
process. These banks, albeit obligated to clean
their balance sheets of all “sins” of the past,
 KLJUČNI GENERATOR EKSPANZIJE
BANKARSKOG SEKTORA SRBIJE
Narodna banka Srbije, u poređenju s da se za to plati relativno visoka ulaznica, to
drugim centralnim bankama, ima znatno jest cena pri kupovini domaćih banaka, ne bi
veći broj ovlašćenja budući da je pored svojih smeo da doprinese uspostavljanju monopola
osnovnih funcija – vođenja monetarne i u bankarskom sektoru.
devizne politike i kontrole
banaka – u nadležnost
dobila i superviziju
lizing kompanija, nadzor
osiguravajućih društava,
a kao najnoviju nadležnost
i superviziju dobrovoljnih
penzijskih fondova, što,
inače, u nekim zemljama
obavljaju tri zasebne
institucije. Ta činjenica
srpskoj monetarnoj vlasti
omogućava, ne samo da
ostvaruje svoje primarne
ciljeve, pre svega postizanje
i održavanje stabilnosti
cena, i očuvanje finansijske
stabilnosti, već da sprovodi i konsolidovanu Upravo na onome što je u poslednjih pet
superviziju ukupnog finansijskog sistema, što godina učinjeno u bankarskom sektoru,
u ovoj fazi tranzicije i razvoja finansijskog najbolje se može videti koliko je važan
sektora ima ključni značaj. Upravo sada se kredibilitet finansijskih institucija i vraćanje
postavljaju zakonodavni i regulatorni temelji poverenja u njih, a čije uspostavljanje u Srbiji,
i grade institucije koje garantuju svima, koji imajući u vidu loša iskustva iz prošlosti, nije
ulažu svoj novac ili investiraju kapital u Srbiju, bio nimalo lak zadatak. Striktno sprovodeći
uvećanje uloženog, uz neophodnu sigurnost. svoju nadzornu funkciju, Narodna banka
U Srbiji je u drugoj polovini 2001. godine Srbije je u tom periodu zatvorila 30 banaka,
povučen jedinstven potez u svetu na planu a rezultat toga je da danas imamo zdrav
restrukturiranja banaka, kada je zatvoreno bankarski sistem, pročišćene vlasničke
čak dve trećine bilansne sume bankarskog strukture, sa brojem zaposlenih koji se, u roku
sektora, a umesto najavljivanih katastrofičnih od samo dve godine, vratio na nivo iz 2001. i
posledica, dobili smo savremen i razvijen sistem u kome zarade, više nego utrostručene,
bankarski sistem, u kome je uspešno završen zaposlene svrstavaju među vodeće dobitnike
najveći deo vlasničke transformacije. Danas u procesu tranzicije. Takve banke, i pored 41
smo suočeni sa izazovom da interes za ulazak obaveze da očiste svoje bilanse od “grehova”
na srpsko bankarsko tržište, kao i spremnost prošlosti, uspele su da, u periodu od 2001. do
 managed to approve as much as USD 4 billion
in additional credits to corporate clients and
households in the period from 2001 to 2005,
turning the banking system into the principal
driver of economic growth in Serbia, doing so,
most importantly, mainly through the growth
of domestic deposits. Owing to the exchange
rate policy conducted by the National Bank,
country’s foreign exchange
reserves, whose available end-
2000 level was only about USD
300 million, shot past USD 6.5
billion in early March this year,
whereas new foreign exchange
savings, as another indicator of
restoration of public confidence
in banks, reached the level of
USD 2.8 billion in four years
only. It can therefore justly be
expected that a further rise in
foreign exchange savings, and
dinar deposits, will continue
to be the principal generator of
expansion of Serbia’s banking
sector, which the NBS will
support and steer through its measures.
Since its remit was expanded to include
insurance supervision, the NBS has
managed, similarly as in the banking sector
at the outset, to first establish control over the
insurance market, and significantly enhance
operational transparency of the NBS and
insurance companies, as well as start the
process of restoring insurers’ confidence in
this sector, laying down the cornerstone of
its stable development. Although the number
of insurance companies dropped from 40
to 19 since December 31, 2004 until end-
September 2005, the volume of operations
of the insurance sector, measured by the
balance sheet total, went up 30 percent, with
the number of employees rising from 5,926 to
7,168, the indicator of promptness in claims
settlement from 60 to 76 percent, and technical
42 reserves, which serve for the settlement of
obligations to insurers, from CSD 11.5 to
22.6 billion. In addition to financial leasing
supervision, the NBS is yet to take the same
“pioneering” steps in the development of its
latest supervisory role over voluntary pension
funds management companies.
In 2006 the NBS will face another major
challenge – to demonstrate that, at the time
when the share of dinars in banks’ total lending
potential amounts to mere 29.4
percent and the money market
is still insufficiently developed,
it can bring about the projected
decline in the inflation rate,
ensuring at the same time
longer-term sustainable
growth, by employing the
monetary policy instruments
that are currently available
to it. Monetary policy must
indisputably be restrictive, but
the degree of its restrictiveness,
and the cost of additional “belt-
tightening” on the monetary
plane only, will be largely
determined by the extent of
support lent by the fiscal policy, which too
should be more restrictive this year. Even in
the context of increased, but hopefully not
forced, additional restrictiveness, the NBS
will pursue the development of monetary
regulation instruments known in developed
financial markets, continuing at the same time
its effort to contain the level of euroization
in favor of the dinar in order to expand its
field of influence as the central monetary
authority. The results of all this, embodied
in the annual inflation rate at the end of the
year, will be indicative of the respective roles
that the monetary policy and the fiscal policy
had played, as well as showing whether these
two policies were conducted in a coordinated
fashion, or an unduly high price was paid on
only one of the two planes.
2005. godine, odobre privredi i građanima
čak 4 milijarde dolara dodatnih kredita i da
bankarski sistem pretvore u najveći motor
privrednog rasta u Srbiji, a što je najvažnije,
pre svega preko rasta domaćih depozita.
Zahvaljujući politici kursa dinara, koju je
vodila Narodna banka Srbije, devizne rezerve
zemlje, čiji je raspoloživi nivo, krajem 2000.
godine, iznosio svega oko 300 miliona dolara,
početkom marta ove godine premašile su 6,5
milijardi dolara. Vraćanje poverenja građana
u banke može se meriti i kroz činjenicu da je,
za samo četiri godine, nova devizna štednja
dostigla iznos od 2,8 milijardi dolara. S
pravom se očekuje da će dalji rast devizne
štednje, kao i dinarskih depozita, i ubuduće
biti glavni generator ekspanzije bankarskog
sektora u Srbiji, što će Narodna banka Srbije
svojim merama podsticati i usmeravati.
Od kako je u nadležnost dobila nadzor nad
sektorom osiguranja, Narodna banka Srbije
je uspela, kao i u bankarskom sistemu na
početku, da najpre uspostavi kontrolu nad
tržištem osiguranja i da znatno unapredi
transparentnost svoga rada i društava za
osiguranje, ali i da počne da vraća poverenje
osiguranika u ovaj sektor, postavljajući tako
temelje za njegov stabilan razvoj. Iako je,
u periodu od 31. decembra 2004. do kraja
septembra prošle godine, broj društava
za osiguranje smanjen sa 40 na 19, obim
poslovanja, meren bilansnom sumom,
povećan je za 30 odsto, broj zaposlenih sa
5.926 na 7.168, pokazatelj ažurnosti isplate
šteta sa 60 na 76 odsto, a tehničke rezerve,
koje služe za izmirivanje obaveza prema
osiguranicima, sa 11,5 na 22,6 milijardi dinara.
Uz nadzor davalaca finansijskog lizinga, isti
“pionirski” koraci Narodnu banku Srbije
očekuju i u razvoju najnovije nadzorne uloge
nad društvima za upravljanje dobrovoljnim
penzijskim fondovima.
Pred Narodnom bankom Srbije stoji, u 2006.
godini, još jedan veliki izazov – da u prilikama
kada učešće dinara u ukupnom depozitnom
potencijalu banaka iznosi skromnih 29,4
odsto i kada imamo nedovoljno razvijeno
tržište novca dokaže da instrumentima
monetarne politike, koji joj trenutno stoje na
raspolaganju, može da utiče na projektovano
smanjenje stope inflacije, uz održivi rast na
duži rok. Stepen neizostavne restriktivnosti
monetarne politike, ali i visinu cene koja
će morati da se plati u slučaju dodatnog
“stezanja kaiša” samo na tom planu, odrediće
podrška fiskalne politike,
koja bi u ovoj godini morala,
takođe, da pokaže dodatnu
restriktivnost. Narodna banka
Srbije će i u uslovima pojačane,
nadamo se ne i iznuđene
dodatne restriktivnosti, razvijati
instrumente monetarnog
regulisanja koji su poznati
u razvijenim finansijskim
tržištima, uz nastojanje da u
korist dinara smanji stepen
evroizacije, kako bi proširila
svoje uticajno polje kao centralna
monetarna vlast. Ishod svega,
koji će se na kraju godine meriti ostvarenom
godišnjom stopom inflacije, pokazaće kakvu
ulogu je u tome imala monetarna, a kakvu
fiskalna politika, odnosno da li su one delovale
usaglašeno ili je na jednom planu nepotrebno
43
plaćen viši ceh.
 BUSINESS BANKS IN THE
REPUBLIC OF SERBIA
While the earliest traces of banking
operations in Serbia can be found as far back
as the times of the mediaeval Serbian state of
the Nemanjic dynasty1 , witnessed by one of
the most significant testimonials of cultural
heritage of our country, Emperor Dusan’s
Legal Code2, yet the history of banking in
Serbia, in the contemporary sense of the
word, is only 140 years old. Its initial steps
are linked with the establishment of the first
business bank – The First Serbian Bank (in
1869), and the establishment of the central
bank – The Privileged National Bank of
the Kingdom of Serbia in 1883. From that
moment on the history of business banking
is intertwined with the history of economic
and cultural development of Serbia, leaving
specific marks on the organisation and
manner of functioning of the banking system
in different phases of its development.
Special role in the evolution of the business
banking in Serbia certainly belongs to the
National Bank of Serbia, indisputably one of
the most important institutions in the country.
Continuity of its 120-year long existence, in
spite of different phases in its development,
allowed for the creation of the necessary
environment for work and development of
banks in Serbia.
The banking sector in the Republic of Serbia
today is one of the soundest and strongest
pillars of the Serbian economic structure.
This position was made possible by very good
results achieved in the reforms conducted
in the banking sector over the last medium-
term period (2001-2005), allowing space for
the realistic expectations that the national
banking industry can become an important
factor of a faster and sustainable growth of the
44
1 Serbian mediaeval nation state – period from the 12th to the 14th century.
2 Legal Code of Stefan Dusan, Serbian Emperor from 1349 to 1354.
3 Program of the National Bank of Serbia – Strategy for Restructuring of the Banking System.
economic system of the country. Additional
support to this stand was provided by the
entrance of the foreign banks on the local
financial market, which resulted not only in
the growth of capital strength of the domestic
banking industry, but also in the new
opportunities, brought about by these banks,
for the access to the world capital market
of the domestic economy in the sense of its
integration in the world trends.
The banking industry of Serbia is passing
today through the final phase of the reform
process. They are structural reforms that
started in late 2002. and were a planned
and logical continuation of the successfully
implemented consolidation of the banking
sector of the country.3 The continuous
process allowed a new financial position
of the banking industry and opened the
ways towards strengthening of its financial
potential and reputation. This new position
is actually based on a comprehensive process
which is prevailing in the overall structure
of the banking sector – its organisational,
business and ownership structure.
The total effects on the banking industry
were very significant, and were recorded as
the following:
• Dimensioning of the volume and structure
of the banking industry in accordance with
the requirements and absorption capacity
of the market, as well as proportional to
its available capital strength;
• Properly implemented preparation of
the banks, established with the domestic
capital, for further reform processes
(privatization) and liberalization of the
market, in the light of the arrival of foreign
capital on the domestic market;
 POSLOVNE BANKE U
REPUBLICI SRBIJI
Iako tragove prvih bankarskih poslova u
Srbiji nalazimo još u doba srednjevekovne
srpske države Nemanjića1, o čemu svedoči
jedan od najznačajnijih spomenika u zemlji,
Dušanov zakonik 2, istorija bankarskog
poslovanja u Srbiji u savremenom smislu
te reči stara je tek 140 godina. Njeni počeci
vezuju se za osnivanje prve poslovne banke
– Prve srpske banke (1869. godine), odnosno
osnivanje centralne banke – Privilegovane
Narodne banke Kraljevine Srbije 1883.
godine. Od tog momenta, istoriju poslovnog
bankarstva prožima istorija ekonomskog i
kulturnog razvoja Srbije, ostavljajući specifične
tragove na organizaciju i način funkcionisanja
bankarskog sistema u različitim fazama
njegovog razvoja.
Posebnu ulogu u evolutivnom razvoju
poslovnog bankarstva u Srbiji, svakako
je imala Narodna banka Srbije, nesporno
jedna od najznačajnijih institucija u zemlji.
Kontinuitet njenog postojanja od 120 godina,
uprkos različitim fazama u njenom razvoju,
omogućio je kreiranje potrebnog ambijenta
za rad i razvoj banaka u Srbiji.
Bankarski sektor Republike Srbije danas
je jedan od najzdravijih i najjačih stubova
srpskog ekonomskog bića. Ovu poziciju
omogućili su vrlo dobri rezultati reformi
sprovedenih u bankarskom sektoru u
poslednjem srednjoročnom periodu (2001.
– 2005. godina), što je dalo prostora realnim
očekivanjima da domaća bankarska industrija
može da bude značajan faktor bržeg i
održivog rasta privrednog sistema zemlje.
Dodatno utemeljenje ovakvom stavu daje i
ulazak stranih banaka na domaće finansijsko
tržište, što je rezultiralo, ne samo rastom
kapitalne snage domaće bankarske industrije,
1 Srpska srednjevekovna država – period od XII do XIV veka.
2 Zakonik Stefana Dušana, cara srpskog 1349. i 1354. godine.
3 Program Narodne banke Srbije – Strategija restrukturiranja bankarskog sistema.
već i novim mogućnostima koje pristup ovih
banaka svetskom tržištu kapitala daje domaćoj
privredi, u smislu integracije sa svetom.
Bankarska industrija u Srbiji danas prolazi
kroz poslednju fazu reformskih procesa. Reč
je o strukturnim reformama koje su počele
krajem 2002. godine, a predstavljaju planiran
i logičan nastavak uspešno sprovedene
konsolidacije bankarskog sektora zemlje.3
Kontinuitet procesa omogućio je novu
finansijsku poziciju bankarske industrije i
otvorio puteve ka jačanju njenog finansijskog
potencijala i ugleda. Ova nova pozicija bazira
upravo na obuhvatnosti procesa, koji prožima
kompletnu strukturu bankarskog sektora
– organizacionu, poslovnu i vlasničku.
Ukupni efekti na bankarsku industriju bili
su veoma značajni, a evidentirani su kao:
• dimenzioniranje obima i strukture
bankarske industrije, saglasno potrebama
i apsorbcionoj moći tržišta, kao i
raspoloživoj kapitalnoj snazi,
• valjano izvršena priprema banaka
osnovanih domaćim kapitalom za
dalje reformske procese (privatizaciju)
i liberalizaciju tržišta, u svetlu dolaska
stranog kapitala na domaće tržište,
• priprema domaće bankarske industrije
za novu ekonomsku ulogu u finansiranju
privrednog razvoja, većeg poverenja
u bankarski sektor (štednja građana),
vraćanja novčanih transakcija u bankarske
kanale i ojačane pozicije likvidnosti
banaka,
• promena finansijske pozicije na nivou
sektora u celini, a kao rezultat promena
vlasničke strukture u bankama koja je
sobom donela kvalitativno novi odnos
prema kapitalu i upravljanju rizicima,
45
 • Preparation of the domestic banking
industry for the new economic role in
financing economic development, greater
confidenceinthebankingsector(savingsof
citizens), return of monetary transactions
into the banking channels and reinforced
liquidity position of banks;
• Change in the financial position at the
level of the banking sector in general, and
as a result. The change of the ownership
structure in banks which brought along
a qualitative new attitude towards capital
and risk management;
• Significant fall in capital prices and
strengthening of the price-based
competitiveness of banks; and
• Continuous growing trend in credit
activities of banks during the last two
years, based on a healthier balance sheet
structure and a stronger capital basis.
Major and important changes in the
banking industry of Serbia over a relatively
46
short period of time have yet again confirmed
that the business banks, during the last five
years, have passed a long road from radical
reforms to recuperation. Banking sector in
general has shown a high degree of vitality
and capability to mobilize significant deposit
potentials over a short period of time, and to
return lost confidence (growth in household
savings).
These results are at the same time an
obligation in the field of strategic activities
of Serbian banks, which demands further
intensive work on strengthening of deposit
potential, higher efficiency in deployment of
the totality of engaged capital, as an important
prerequisite for greater profitability, and also
action aimed at further fostering of capital
strength. In this context, there is important
room for further enlargement of the Serbian
banking industry through merger processes,
integrations and recapitalization.
 • značajan pad cene kapitala i jačanje
cenovne konkurentnosti banaka i
• kontinuirani uzlazni trend kreditne
aktivnosti banaka u poslednje dve godine,
utemeljen na zdravijoj bilansnoj strukturi
i jačoj kapitalnoj osnovi.
Velike i značajne promene u bankarskoj
industriji Srbije u relativno kratkom periodu,
samo su još jedna potvrda da su poslovne
banke u proteklih pet godina prešle veliki
put od radikalnih reformi do ozdravljenja.
Bankarski sektor u celini pokazao je visok
stepen vitalnosti i sposobnosti da mobiliše
značajne depozitne potencijale u kratkom
roku i da povrati izgubljeno poverenje (rast
štednje stanovništva).
Ovakvi rezultati su istovremeno i obaveza
na planu strateških aktivnosti srpskih
banaka, koje podrazumevaju dalji intenzivan
rad na jačanju depozitnog potencijala, većoj
efikasnosti upotrebe ukupno angažovanog
kapitala kao bitnom preduslovu veće
profitabilnosti, kao i daljem jačanju kapitalne
snage. U tom kontekstu, ima značajnog
prostora za dalje ukrupnjavanje srpske
bankarske industrije kroz procese spajanja,
pripajanja ili dokapitalizacije.
47
48
49
 BANKING
SERVICE UP TO
THE MEASURE OF
EVERY CLIENT
“A banka a.d.” was founded on 15 May 1996 of the banking business on the market
in Belgrade as “Alco banka a.d.” with the aim implementing the latest IT and continual
to work as a corporate bank. The Bank built education of its employees.
up its reputation on the conception of a small A Banka is registered for performing the
bank, which provides clients with customized following operations: receiving all types of
solutions using individual approach and monetary deposits, granting and receiving all
flexibility. types of loans, foreign currency transactions
Raising step by step the client portfolio and foreign exchange operations, guarantees
A banka grew into a modern middle-sized operations, treasury keeping, purchase
Bank with over 40 branch offices throughout and sale of securities, payment operations,
Serbia. In conditions of market economy forfeiting and collection of receivables and
and competition of foreign banks A banka financial engineering and consulting as well
continued following the development and as other types of banking services.
needs of its corporate clients,
at the same time developing
business with individual clients,
who are offered a wide range of
services constantly accomplished
by adding new kinds of services
and more favorable conditions
for their realisation.
Together with the
strengthening of the Bank,
raising the deposit level and
widening the volume of
international transactions
and activities on the foreign
currency market, A banka is
keeping up with the progression

31.12.2005.
in 000 dinars
Balance Assets: 3.445.302
A BANKA A.D. BEOGRAD Total Capital: 1.268.544*
Equity Capital Structure:
Požeška 65b 11030 Beograd,
• Private capital: 100%
SCG Corporate Deposits: 1.403.470
Tel. 011 30 50 300, 30 50 400 Retail deposits: 851.738
Corporate Loans: 921.590
Fax 011 35 40 930 Retail Loans: 261.543
50 Number of Employees: 346
office@abanka.co.yu
* Total Net Profit for 2005 included
www.abanka.co.yu

“A banka a.d.” je osnovana 15. maja 1996.
godine, u Beogradu, kao “Alco banka a.d.” sa
ciljem da bude korporativna banka. Svoj re-
nome Banka je izgradila na konceptu male
banke, koja je svojim individualnim pristu-
pom i fleksibilnošću nastojala da svakom kli-
jentu ponudi servis prema njegovoj meri.
Postepenim povećavanjem portfolija
klijenata A banka je prerasla u modernu
banku srednje veličine, koja danas ima preko
40 poslovnih jedinica širom Srbije. U uslovima
tržišne ekonomije i konkurencije stranih
banaka, A banka je nastavila da prati razvoj i
A BANKA A.D. BEOGRAD
Požeška 65b 11030 Beograd,
SCG
Tel. 011 30 50 300, 30 50 400
Fax 011 35 40 930
office@abanka.co.yu
www.abanka.co.yu
BANKARSKI
SERVIS PO MERI
SVAKOG KLIJENTA
potrebe svojih korporativnih klijenata, a pored
toga je razvijano i poslovanje sa građanima.
Na tom polju građanima je ponuđena široka
paleta usluga koja se, gotovo svakodnevno,
dopunjuje i dorađuje u smislu novih vrsta
usluga i povoljnijih uslova za realizaciju.
Uporedo sa jačanjem Banke, podizanjem
nivoa depozita, povećanjem obima transakcija
sa inostranstvom i aktivnostima na deviznom
tržištu, A banka prati kretanja u poslovanju
na bankarskom tržištu primenjujući
najsavremenije informacione tehnologije i
konstantnu edukaciju svojih zaposlenih.
A banka je registrovana
za obavljanje svih vrsta
bankarskih poslova: primanje
svih vrsta novčanih depozita,
davanje i uzimanje kredita,
devizni, devizno-valutni i
menjački poslovi, garancijski
poslovi, poslovi trezora i
sefova, poslovi platnih kartica,
kupovina i prodaja hartija
od vrednosti, poslovi platnog
prometa i kreditni poslovi
sa inostranstvom, kupovina
i naplata potraživanja, kao
i finansijski inženjering i
konsalting.
31.12.2005.
u 000 dinara
Bilansna veličina: 3.445.302
Ukupan kapital: 1.268.544*
Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 1.403.470
Depoziti stanovništva: 851.738
Krediti privredi: 921.590
Krediti stanovništvu: 261.543
Broj zaposlenih: 346
51
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 DYNAMIC GROWTH OF THE
OLDEST DOMESTIC BANK
Agrobanka, the successor of the Privileged
Agrarian Bank founded in 1929, is the oldest
domestic bank on the Serbian banking market.
The Bank that in many, especially agrarian
regions become a byword for banking,
has left a profound trace. Over 6 thousand
fulfilled agrarian programs are the best
confirmation that nobody has understood so
well the needs and the importance of Serbian
agriculture, its peculiarities, as well as the fact
that agriculture presents the most important
potential in Serbia. What should we say, in
brief, about the long tradition and efforts that
brought positive results? What is Agrobanka
today?
In shortest – the Bank that grows very
dynamically belongs to the «A» category of
the banks and according to major rankings
is among the first ten in Serbia.
Agrobanka slowly enters all
towns in Serbia, even a lot of
villages, too. With about 100
branches and sub-branches, it is
at service to its clients – over 43
thousand legal entities and 200
thousand individual depositors.
Even for long while, Agrobanka
offers the most competitive
interests on dinar and foreign
currency savings of psychical
persons. During the last year, it
made placements in the amount
of CSD 8 billion of credits to
the economy in general and
individuals. Agrobanka has 750 employees
who are day-in day-out educated in its own
Training Center in order to offer the best
possible services to its clients.
We are satisfied with the already achieved,
52 but we are aware of the fact that we must not
stop. In 2006, we plan to enrich our banking
offer by new, more favorable loans, we plan
to introduce Visa credit cards that are already
prepared for start, we shall place more ATMs,
we shall open new sub-branches, of which
a lot are already prepared to be opened. We
shall continue to offer the services regarding
exchange operations since together with
winning domestic banking market, we put
a great effort in improving international
activities. Agrobanka has fruitful cooperation
with 260 foreign banks and it is a member of
International Association of Agrarian Bank
(CICA) – Zurich, as well as the Banking
association for Central and East Europe
(BACEE) - points out, in his short speech,
Mr. Dušan Antonić, General Manager of
Agrobanka.
31.12.2005.
in 000 dinars
Balance Assets: 12.698.409
Total Capital: 2.223.929*
Equity Capital Structure:
• Private capital: 47%
• Social Capital: 23%
• Other / State Owned Capital: 30%
Corporate Deposits: 3.344.394
Retail deposits: 2.963.403
Corporate Loans: 7.538.603
Retail Loans: 559.300
Number of Employees: 752
* Total Net Profit for 2005 included
 DINAMIČAN RAZVOJ SA
DUGOM TRADICIJOM
Agrobanka, naslednica Privilegovane
agrarne banke, osnovane daleke 1929. godine,
najstarija je domaća banka na srpskom
bankarskom tržištu. Banka koja je u mnogim,
posebno agrarnim krajevima bila sinonim za
bankarstvo, ostavila je neizbrisiv trag. Preko
6 hiljada realizovanih programa u agraru
najbolja su potvrda da niko tako dobro nije
razumeo potrebe i značaj srpskog agrara,
njegove specifičnosti, kao ni činjenicu da je
agrar najznačajniji potencijal Srbije. Šta je
Agrobanka danas?
U najkraćem – banka koja se veoma
dinamično razvija, pripada grupi »A« banaka,
po većini pokazatelja se nalazi među prvih
deset banaka u Srbiji. Agrobanka polako ulazi
u svaki grad, pa i u mnoga sela Srbije. Sa oko 100
filijala i ekspozitura na usluzi je armiji svojih
klijenata – preko 43 hiljade pravnih lica i 200
hiljada štediša. U dužem periodu Agrobanka
ima najkonkurentnije kamate na deviznu i
dinarsku štednju građana. U prošloj godini
plasirala je preko 8 milijardi dinara kredita
privredi i stanovništvu. Agrobanka ima 750
zaposlenih koji se edukuju u sopstvenom
Školskom centru kako bi klijentima pružili
najkvalitetnije usluge.
”U 2006. godini obogatićemo značajnije
našu bankarsku ponudu, prvenstveno novim,
povoljnijim kreditima, uvešćemo kreditne
kartice iz Visa sistema koje su već spremne
za start, postavićemo veći broj bankomata,
otvorićemo veći broj novih ekspozitura
od kojih su mnoge već u pripremi ili pred
otvaranjem. Nastavićemo da pružamo usluge
vezane za spoljnotrgovinsko poslovanje,
jer smo uporedo sa osvajanjem domaćeg
bankarskog tržišta uložili dosta napora
na unapređenju međunarodne aktivnosti.
Agrobanka ima razvijenu saradnju sa 260
inostranih banaka, član je Međunarodne
asocijacije agrarnih banaka (CICA) – Cirih i
Bankarske asocijacije za Centralnu i Istočnu
Evropu (BACCE)”, ističe mr Dušan Antonić,
generalni direktor Agrobanke.
31.12.2005.
u 000 dinara
Bilansna veličina: 12.698.409
Ukupan kapital: 2.223.929*
Struktura akcionarskog kapitala:
• privatni: 47%
• društveni: 23%
• ostali / državni: 30%
Depoziti privrede: 3.344.394
Depoziti stanovništva: 2.963.403
Krediti privredi: 7.538.603
Krediti stanovništvu: 559.300
Broj zaposlenih: 752 53
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 ALWAYS ON THE TOP
30 Years of building trust

30 Years of growing with our clients

30 Years of making capital

30 Years of investing in knowledge and ideas

30 Branch Offices will be working for You in this Jubilee Year.

30 Years of strength

AIK BANK Nis

Serbian, strong

31.12.2005.
in in 000 dinars
Balance Assets: 22.165.513
Total Capital: 11.887.127*
Equity Capital Structure:
• Private capital: 85%
• Social Capital: 5%
• Other / State Owned Capital: 10%
Corporate Deposits: 3.435.260
Retail deposits: 1.433.582
Corporate Loans: 12.262.026
Retail Loans: 2.722.089
54 www.aikbanka.co.yu Number of Employees: 198
* Total for 2005 included
 UVEK NA VRHU
30 godina gradimo poverenje

30 godina rastemo sa svojim klijentima

30 godina stvaramo kapital

30 godina ulažemo u znanje i ideje

30 filijala i ekspozitura će raditi za vas u ovoj godini kad slavimo

30 JAKIH GODINA

AIK BANKA NIŠ

Domaća, a jaka

31.12.2005.
u 000 dinara
Bilansna veličina: 22.165.513
Ukupan kapital: 11.887.127*
Struktura akcionarskog kapitala:
• privatni: 85%
• društveni: 5%
• ostali / državni: 10%
Depoziti privrede: 3.435.260
Depoziti stanovništva: 1.433.582
Krediti privredi: 12.262.026
Krediti stanovništvu: 2.722.089
Broj zaposlenih: 198 55
* Uključena je ukupna akumulirana dobit za 2005. godinu
 CATALYST OF
THE REGIONAL
ECONOMIC
DEVELOPMENT
Consistent with its business policy, focused market capitalization of EUR 9,0 billion.
on client’s satisfaction and based on reliability, Its business strategy is to become a Bank
transparency and responsibility, Alpha Bank of Choice for Serbia by offering services and
a.e. has grown during its 165 years long history products which will comply with the Alpha
into a leading financial institution not only in Bank standards to corporate and retail clients,
Greece, but in the region of South-Eastern as well as to depositors and borrowers.
Europe. Believing that success for the Bank can
Apart from Greece, it operates in Romania, only be achieved through the success of the
Bulgaria, Cyprus, Albania, the FYROM and as country as a whole, Alpha Bank assists the
of 2001 in Serbia. It is also present in London, expansion of Serbian Economy by supporting
New York and the Channel Islands. infrastructure, energy and industry
With network of 562 branches in the Region investment projects and enhancement of trade
(including Greece) and 11.500 employees, between Greece and Serbia, as well as the
this dynamic and solid financial group is countries in the Region.
one of the key players in development of the
Regional Economy.
Renown as a product innovator, Alpha
Bank successfully responds to fast market
changes and challenges. Its current share in
the Regional market of 60 million people is
13%.
Total Group Assets in 2005 amounted to
EUR 44 billion and total Equity to EUR 3.1
billion. In 2005, the Group increased its Net
Profit by 23% in comparison to 2004 to EUR
505.9 million. Alpha Bank is listed in Athens
Stock Exchange since 1925 and has current

31.12.2005.
in 000 dinars
ALPHA BANK A.D. (Serbia) Balance Assets: 23.614.300
Kralja Milana 11 Total Capital: 7.627.741*
Equity Capital Structure:
11000 Belgrade
• Private capital: 100%
Serbia and Montenegro Corporate Deposits: 2.488.045
Phone: + 381 11 323 49 31 Retail deposits: 6.557.272
Corporate Loans: 6.888.720
Fax: + 381 11 324 68 40 Retail Loans: 3.742.236
56 Number of Employees: 1.319
Web: under reconstruction
* Total Net Profit for 2005 included
(www.jubanka.com)
 POLUGA
REGIONALNOG
EKONOMSKOG
RAZVOJA
Doslednom poslovnom politikom, Ukupna aktiva Grupacije u 2005.
koja je fokusirana na zadovoljstvo godini bila je 44 milijarde eura, a
klijenta i utemeljena na pouzdanosti, ukupan kapital 3.1 milijardi eura.
transparentnosti i odgovornosti, Alpha Grupa je u 2005. godini povećala
Bank a.e. je izrasla, tokom 165 godina neto profit u odnosu na 2004. za
duge istorije, u vodeću finansijsku 23% na 505.9 miliona eura. Na
instituciju, ne samo u Grčkoj, već u Atinskoj berzi, na kojoj je prisutna
regionu jugoistočne Evrope. od 1925. godine, Alpha banka
Pored Grčke, posluje u Rumuniji, trenutno kapitalizuje 9.0 milijardi
Bugarskoj, Kipru, Albaniji, Makedoniji, eura.
a od 2001. godine i u Srbiji. U prošloj Njena poslovna strategija je da
godini postaje većinski vlasnik Jubanke. postane Banka izbora u Srbiji,
Akvizicijom Jubanka je tako postala obezbeđujući kako korporativnim
sastavni deo velike porodice Alpha klijentima i stanovništvu, tako i
banke. Prisutna je, takođe, u Londonu, deponentima i zajmotražiocima,
Njujorku i Kanalskim ostrvima. usluge i proizvode primerene
S mrežom od 562 poslovne jedinice standardima Alpha banke.
u Regionu (uključujući Grčku) i 11.500 Uverena da je uspeh Banke
zaposlenih, ova dinamična i snažna moguće postići samo kroz
finansijska grupacija predstavlja jednog uspeh države u celini, Alpha
od ključnih aktera u razvoju privrede banka pomaže ekspanziju srpske
Regiona. privrede podržavajuči projekte u
Poznata kao inovator proizvoda, oblasti infrastrukture, energetike
Alpha banka uspešno odgovara brzim i industrije, unapređenje trgovine
tržišnim promenama i izazovima. između Grčke i Srbije, kao i trgovine
Njeno trenutno učešće na regionalnom između zemalja u Regionu.
tržištu od oko 60 miliona ljudi iznosi
13%.

31.12.2005.
u 000 dinara
ALPHA BANKA A.D. (Srbija) Bilansna veličina: 23.614.300
Ukupan kapital: 7.627.741*
Kralja Milana 11 Struktura akcionarskog kapitala:
11000 Belgrade • privatni: 100%
Depoziti privrede: 2.488.045
Srbija i Crna Gora
Depoziti stanovništva: 6.557.272
Tel: + 381 11 323 49 31 Krediti privredi: 6.888.720
Fax: + 381 11 324 68 40 Krediti stanovništvu: 3.742.236
Broj zaposlenih: 1.319 57
Web: u pripremi * Uključena je ukupna akumulirana dobit
(www.jubanka.com) za 2005. godinu
 MEMBER OF GRUPPO
BANCA INTESA
Banca Intesa Beograd, previous Delta corporate market – the partner of large as
Banka was founded in 1991 as a stock well as small and medium-sized enterprizes
company, 100% privately owned. In August and public administrators, so all important
2005 Banca Intesa, one of the most powerful business entities of Serbia are its clients and the
banking group in Europe, acquired 90% Bank plays an active role in the privatization
stake of ex-Delta Banka and by the end of processes in Serbia. The Bank’s Italian desk
2005 Bank, changed its name to Banca Intesa is dedicated to improve business relations
Beograd. This enables development prospects between Italian and Serbian companies.
to Banca Intesa Beograd, an even better In retail, the Bank is already the leader in
reputation and the increase of trust in the e-banking and payment cards, thanks to
Bank. Banca Intesa Beograd is the second which the MasterCard was introduced on
bank in Serbia and Montenegro according to the domestic
total assets. The data show a stable market market, the
share in corporate and a constant growth of first Visa EMV
the retail market share. The Bank managed payment card
to maintain its leading position thanks to its was issued in
expanded business network comprising 160 the Balkans and
organizational units in more than 100 towns the American
of Serbia, the most developed network of Express payment
ATMs and POS terminals and a wide spread cards returned
network of 240 correspondent banks all over to the domestic
the world. market. Theplans
Banca Intesa Beograd is a reliable partner are to expand all
for more than 700.000 clients – companies retail segments
and individuals, providing them with quick, through an
efficient and modern service for all types u p g r a d e d
of banking operations. Since its founding product offer.
the Bank developed as a corporate bank
and managed to become the leader in the

Banca Intesa ad Beograd 31.12.2005.

in 000 dinars
Milentija Popovića 7b Balance Assets: 82.132.473
11070 Beograd Total Capital: 10.906.797*
Equity Capital Structure:
Serbia and Montenegro
• Private capital: 100%
Tel: + 381 11 201 1431 Corporate Deposits: 19.886.729
Tel: + 381 11 201 1441 Retail deposits: 24.836.855
Corporate Loans: 25.867.511
Fax: + 381 11 201 1448 Retail Loans: 9.606.415
58 Number of Employees: 2.187
www.bancaintesabeograd.com
* Total Net Profit for 2005 included
bi@bancaintesabeograd.com
 ČLANICA GRUPACIJE
BANCA INTESA
Banca Intesa Beograd, nekadašnja Delta mreži bankomata i POS terminala i veoma
Banka, osnovana je 1991. godine kao akcion- rasprostranjenoj mreži od 240 korespondent-
arsko društvo, sa 100% privatnog vlasništva. skih banaka širom sveta.
Avgusta 2005. godine Banca Intesa, jedna od Pouzdan partner svojim klijentima –
najjačih bankarskih grupacija u Evropi, kupi- fizičkim i pravnim licima, kojih ima više
la je 90% akcija bivše Delta Banke i do kraja od 700.000 i pruža brz, efikasan i moderan
2005. banka je promenila ime u Banca Intesa servis za sve vidove bankarskog poslovanja.
Beograd. To Banci Intesa Beograd omogućava Od osnivanja razvijala se kao banka privrede.
dalji razvoj, sticanje još većeg ugleda i porast Postala je lider na tržištu u poslovanju sa
poverenja. Banca Intesa Beograd je druga privredom, partner velikim ali i malim i
banka u Srbiji i Crnoj Gori po bilansnoj sumi. srednjim preduzećima i javnim upravama,
Podaci poka- tako da su svi važni privredni subjekti Srbije
zuju stabilno njeni klijenti. Banka ima aktivnu ulogu i
tržišno učešće u procesima privatizacije u Srbiji. Italijan
u poslovanju sa desk, oformljen u okviru banke, posvećen
privredom i sta- je unapređenju poslovnih odnosa između
lan rast tržišnog intalijanskih i srpskih preduzeća.
učešća u radu sa U radu sa stanovništvom, banka je lider
stanovništvom. u elektronskom bankarstvu i poslovanju
Uspela je da održi platnim karticama, zahvaljujući činjenici
vodeću poziciju da je uvela MasterCard na domaće tržište,
zahvaljujući raz- izdala prvu Visa čip karticu na Balkanu i
vijenoj poslovnoj vratila na domaće tržište American Express
mreži, koju čini kartice. Planira se dalji razvoj poslovanja i
160 organiza- održanje liderske pozicije, unapređenjem svih
cionih jedini- segmenata ponude banke.
ca u više od 100
gradova Srbije,
najrazv ijenijoj

31.12.2005.
Banca Intesa ad Beograd u 000 dinara
Milentija Popovića 7b Bilansna veličina: 82.132.473
Ukupan kapital: 10.906.797*
11070 Beograd Struktura akcionarskog kapitala:
SCG • privatni: 100%
Depoziti privrede: 19.886.729
Tel: + 381 11 201 1431 Depoziti stanovništva: 24.836.855
Tel: + 381 11 201 1441 Krediti privredi: 25.867.511
Krediti stanovništvu: 9.606.415
Fax: + 381 11 201 1448 Broj zaposlenih: 2.187
59
www.bancaintesabeograd.com * Uključena je ukupna akumulirana dobit
za 2005. godinu
bi@bancaintesabeograd.com
 TOWARDS THE GOALS OF
MODERN OPERATIONS
Continental banka NLB Group operates to cover all major industrial locations in the
as a full service commercial bank. Last year region and Belgrade, SCG capital and its
the Bank was privatized and it is now part of financial center.
Nova Ljubljanska banka Group, one of the The Bank pays great attention to its public
highly distinguished financial groups in CEE image. Company identity was carefully de-
Region. signed and it is constantly improving in ac-
Promoting the interests of our business cordance with our vision. Also, we are active-
partners we are improving our market ly involved
position. Core values of Continental banka in many dif-
NLB Group as well as our founding business ferent areas
principles are focused on making profit of public life
through market criteria. We are deeply aware suppor ting
of our responsibility towards our customers, numerous
shareholders, employees and the community. cultural and
The Bank is ranked high among other sports events
competitive banks in its target market. Its as well as
operations cover international activities, medical, edu-
corporate banking and retail banking, cational and
all of them being brought into line with scientific in-
international quality standard ISO 9001. stitutions.
The Bank is headquartered in Novi Sad,
the capital of the Autonomous Province of
Vojvodina, part of SCG which is our target
market. Branch network is carefully designed

Continental banka NLB Group 31.12.2005.

in 000 dinars
Trg mladenaca 1-3, 21 000 Balance Assets: 12.594.460
Novi Sad Total Capital: 3.225.560*
Equity Capital Structure:
Serbia and Montenegro
• Private capital: 100%
Tel. + 381 21/423 530, Corporate Deposits: 1.260.121
Fax + 381 21/6616 560 Retail deposits: 2.504.695
Corporate Loans: 3.587.471
SWIFT: CONACS22 Retail Loans: 1.468.405
60 Number of Employees: 642
http//www.cont.co.yu
* Total Net Profit for 2005 included
e-mail: cont@cont.co.yu
 U SUSRET CILJEVIMA
SAVREMENOG POSLOVANJA
Continental banka a.d. Novi Sad – NLB posao, poslove platnog prometa, posredovanje
Group posluje kao banka univerzalnog tipa. u trgovini hartijama od vrednosti, kupovini i
Misija Banke je da traži optimalnu meru i naplati potraživanja.
kompromis između različitih ciljeva koje Continental banka a.d Novi Sad – NLB Group
nameće savremeno poslovanje: između brzog ima veliko ovlašćenje Narodne banke Srbije za
rasta i stabilnosti, masovnih transakcija i obavljanje svih vrsta deviznih poslova.
individualnog pristupa klijentu, poštovanja Korespodentska mreža obuhvata odnose sa
standarda i fleksibilnosti, globalnog i lokalnog oko 200 stranih banaka.
tržišta, ulaganja i profita. Vizija razvoja Banke Sedište banke je u Novom Sadu, a
je da bude veća, uspešnija i bolja banka. Veća poslovnu mrežu čine filijale u: Novom Sadu,
- prema bilansnom potencijalu, uspešnija Beogradu, Subotici, Somboru, Zrenjaninu,
– prema ostvarenom profitu, bolja - prema Sremskoj Mitrovici, Kikindi, Bačkoj Palanci
oceni klijenata. i Odžacima.
Kor porat iv ni m
klijentima i
građanima nudi sve
vrste bankarskih
usluga: depozitne
poslove, kreditne
poslove, devizno
valutne i menjačke,
emisione, depo
poslove, posao sa
efektima, garancijski

31.12.2005.
u 000 dinara
Bilansna veličina: 12.594.460
Ukupan kapital: 3.225.560*
Continental banka NLB Group Struktura akcionarskog kapitala:
Trg mladenaca 1-3 • privatni: 100%
Depoziti privrede: 1.260.121
21000 Novi Sad
Depoziti stanovništva: 2.504.695
Tel: + 381 21 6615 500 Krediti privredi: 3.587.471
Fax: + 381 21 6616 560 Krediti stanovništvu: 1.468.405
Broj zaposlenih: 642 61
E-mail: cont@cont.co.yu * Uključena je ukupna akumulirana dobit
www.cont.co.yu za 2005. godinu

Credy banka follows a longtime tradition
of banking in Kragujevac. This tradition
begins in 1871. when Kragujevac Regional
Savings Bank was established, and goes on
for years and decades in the line with
the existing social and other
circumstances.
In 1955. the Bank was
operating as Komunalna
banka, and in 1966. it became
Kreditna banka Kragujevac. Its
network was expanding all over
Šumadija region.
In mid 1970-ties the Bank
joins the Jugobanka System, and
from 1991. it operates as an
independent bank within
this System under the title
of Jugobanka Jubanka AD
Kragujevac.
In 2000. Šumadija banka
AD joined this Bank,
which greatly contributed to
the enlargement of the Bank`s
potentials and its business network.
Both the Bank`s independence and its
development of business activities called for a
new name. Taking into account all these facts
and needs, upon the proposition of the Board
Credy banka AD Kragujevac
13, Kralja Petra I, 34 000
Kragujevac, Serbia
Telephone: + 381(0)34335617
+ 381(0)34335361
Fax: + 381(0)34331370
+ 381(0)34336175
62
office@credybanka.com
www.credybanka.com
BANK FOR THE
NEW ERA
of Directors, in June 2001. the Assembly of the
Bank enacted the decision to change the name
into CREDY BANKA AD KRAGUJEVAC.
The new title meant a new business challenge.
It is essential and important to comprehend
that the new business environment - our
country has opened to the world, the
privatization process is getting a full swing,
market economy is being introduced
- calls for high - quality operating,
establishing connections
with new partners in the
country and abroad.
In December 2004.
Regional Bank of Serbia
merged with our bank
too, which increased
business network of
Credy banka by three
new branches and their
five sub-branches.
In view of these changes
Credy banka is a bank for
the new millennium. It is only this
Bank that has the headquarters in this part
of Serbia (Šumadija and Pomoravlje), which
enables it to immediately become aware of
and carry out all requirements of its clients.
31.12.2005.
in 000 dinars
Balance Assets: 3.660.788
Total Capital: 1.145.599*
Equity Capital Structure:
• Private capital: 13%
• Social Capital: 3%
• Other / State Owned Capital: 84%
Corporate Deposits: 707.559
Retail deposits: 1.072.354
Corporate Loans: 1.147.982
Retail Loans: 293.809
Number of Employees: 725
* The item of Total capital has not been
corrected by Total loss for 2005
 BANKA ZA
NOVO VREME

Credy banka nastavlja dugogodišnju koji se ogleda u otvaranju naše zemlje prema
tradiciju bankarstva u Kragujevcu. Ona svetu, privatizaciji i razvoju tržišne privrede,
počinje 1871. godine osnivanjem Kragujevačke traži novi kvalitet u radu i povezivanje sa
okružne štedionice i nastavlja se, u narednim novim partnerima u zemlji i inostranstvu.
godinama i decenijama, zavisno od postojećih Decembra 2004. banci je pripojena i Srpska
društvenih i drugih okolnosti. regionalna banka AD Beograd, čime je
Od 1955. godine, banka posluje pod nazivom poslovna mreža Credy banke postala bogatija
Komunalna banka, a od 1966. godine kao za tri nove filijale sa svojih pet ekspozitura.
Kreditna banka Kragujevac, čija se poslovna Zbog toga je Credy banka - banka za
mreža širila na okolne opštine u Šumadiji. novo vreme. To je danas jedina banka u
Sredinom 1970. godine, banka pristupa ovom delu Srbije (Šumadija i Pomoravlje) sa
sistemu Jugobanke, a od 1991. godine posluje statusom pravnog lica, koji joj omogućava da
samostalno, u okviru ovog sistema, pod neposrednije sagledava i rešava zahteve svojih
nazivom Jugobanka Jubanka AD Kragujevac. komitenata.
Banci se 2000-te pripaja Šumadija
banka AD Kragujevac, što je doprinelo
daljem jačanju njenog potencijala i
širenju poslovne mreže.
Samostalnost banke, njen dalji
razvoj i poslovna aktivnost, nalagali
su potrebu novog naziva. Imajući u
vidu tu potrebu, Skupština banke
je juna 2001. godine, na predlog
Upravnog odbora, odlučila da novi
naziv banke bude Credy banka ad
Kragujevac.
Novi naziv banke je i novi poslovni
izazov. On se reflektuje u činjenici da
se, u novom poslovnom ambijentu,

31.12.2005.
Credy banka AD Kragujevac u 000 dinara
Kralja Petra I br.13, Bilansna veličina: 3.660.788
Ukupan kapital: 1.145.599*
34 000 Kragujevac Struktura akcionarskog kapitala:
• privatni: 13%
Telephone: 034/335617 • društveni: 3%
• ostali / državni: 84%
034/335361 Depoziti privrede: 707.559
Fax: 034/331370 Depoziti stanovništva: 1.072.354
Krediti privredi: 1.147.982
034/336175 Krediti stanovništvu: 293.809
Broj zaposlenih: 725 63
office@credybanka.com * Ukupni kapital nije korigovan za
www.credybanka.com finansijski rezultat u 2005. godini
 FOCUSED ON THE DEVELOPMENT
OF THE SMEs AND PRIVATE
ENTREPRENEURSHIP
Čačanska banka has been continuously
operating since 1956. In 1998. it was awarded
a certificate on the acknowledgment of quality
system JUS ISO 9001, and in April 2004 the
Swiss SGS issued a Certificate for design and
banking services ISO 9001:9002 to Čačanska
banka.
Čačanska banka is a universal bank
rendering all kinds of services to its retail
and corporate clients. These services include:
deposit, credit, foreign-currency, exchange
operations, securities, payment operations
in the country, foreign payment operations,
broker services, e-banking, issuing of
guarantees, payment cards (Visa and Dina)
and renting of safe-deposit boxes. The Bank
operates in its headquarters in Čačak and 17
branches and sub-branches in the region of
central Serbia and Belgrade and it is the only
bank with its headquarters situated in the
Morava Region.
64
The business strategy of the bank is focused
on the development of small and medium size
enterprises and private entrepreneurship. The
main targets that the Bank has successfully
reached involve the increase of the clients
number and placements, new products
development, strengthening of market position
through the growth of branch network in the
region of west and central Serbia.
Čačanska banka is the first bank in Serbia
that has been granted an EBRD credit line
from the Western Balkans SME Finance
Framework and since 2004. it has participated
in the EBRD Trade Facilitation Programme.
Owing to its secure operations, satisfactory
liquidity, high-quality services and the
achieved results, Čačanska banka has
maintained a good position in the banking
sector in this region.
31.12.2005.
in 000 dinars
Balance Assets: 3.571.991
Total Capital: 1.565.040*
Equity Capital Structure:
• Private capital: 40%
• Social Capital / Other: 10%
• State Owned Capital: 50%
Corporate Deposits: 618.736
Retail deposits: 1.005.976
Corporate Loans: 2.451.459
Retail Loans: 174.659
Number of Employees: 261
* Total Net Profit for 2005 included
 USMERENA KA RAZVOJU
MALIH I SREDNJIH PREDUZEĆA I
PRIVATNOG PREDUZETNIŠTVA
Čačanska banka neprekidno posluje od 1956. Balkana, a od 2004. godine uključena je i u
godine. Od 1998. godine poseduje sertifikat o Program spoljnotrgovinskih olakšica EBRD-
priznanju sistema kvaliteta JUS ISO 9001, a a.
aprila 2004. švajcarski SGS Banci je dodelio Zahvaljujući sigurnom poslovanju,
sertifikat za razvoj i pružanje bankarskih zadovoljavajućoj likvidnosti, kvalitetnim
usluga ISO 9001:2000. uslugama i ostvarenim rezultatima, Čačanska
Čačanska banka je banka univerzalnog tipa i banka je zadržala visok rejting u bankarstvu
pruža sve vrste usluga stanovništvu i privredi. na ovim prostorima.
Pruža usluge prikupljanja novčanih depozita,
kreditiranja, devizne, devizno-valutne i
menjačke usluge, usluge platnog prometa u
zemlji i inostranstvu, brokerske usluge, usluge
e-bankinga i izdavanja garancija, platnih
kartica (Visa i Dina) i sefova u zakup. Svoju
delatnost obavlja preko centrale u Čačku i 17
filijala i ekspozitura na području centralne
Srbije i Beograda i jedina je poslovna Banka u
Moravičkom okrugu.
Poslovna strategija Banke usmerena je na
razvoj malih i srednjih preduzeća i privatnog
preduzetništva. Povećanje broja klijenata,
plasmana, razvoj novih usluga, poboljšanje
tržišne pozicije kroz proširenje poslovne
mreže u regionima zapadne i centralne Srbije,
ciljevi su koje Banka postavlja i sa uspehom
realizuje.
Prva je banka iz Srbije koja je dobila kreditnu
liniju EBRD-a iz sredstava Okvira zapadnog
31.12.2005.
u 000 dinara
Bilansna veličina: 3.571.991
Ukupan kapital: 1.565.040*
Struktura akcionarskog kapitala:
• privatni: 40%
• društveni / ostali: 10%
• državni: 50%
Depoziti privrede: 618.736
Depoziti stanovništva: 1.005.976
Krediti privredi: 2.451.459
Krediti stanovništvu: 174.689
Broj zaposlenih: 261 65
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 SUCCESSFUL
GROWTH
EFG Eurobank a.d. Beograd was founded in
Serbia in 2003. by Eurobank EFG Group, one
of the leading European financial institutions
and most dynamic banks in the SEE region.
Today it has a wide range of banking,
financial and other relevant services rendered
to individuals, corporate and public sector
and achieves dominant participation in the
area of cash loans, credit cards, financing of
SMEs, investment banking and on the capital
markets. The Group of Eurobank EFG has
expanded its operations to a wider SEE region:
in Romania, Bulgaria, Poland, Turkey, Serbia
and Montenegro, Greece and in Cyprus,
while it’s strategic alliance with EFG Group
in Geneva facilitates its access to European
financial markets.
From the very beginning of its business,
Eurobank EFG has invested heavily into its
branch development, its informational and
technical infrastructure. Eurobank EFG will
continue with its strategic growth, branch
network development and bank operations on
the Serbian market with an aim to significantly
increase its participation and awareness in all
market segments.
The dynamic growth of Eurobank, along
with its high quality services offered, were
recognized through a series of distinctions the
Group received in 2005 by the most reputable
international and Greek media: Bank of the
Year by “Global Finance”, Bank of the Year
in Greece by “The Banker”, Best Private
Bank in Greece by “Euromoney”, and No 1
Local Custodian by the “Global Custodian”.
Moreover, the Bank received the “CSR Award
2005” by the Athens Chamber of Industry &
Commerce.
We at Eurobank EFG are of the opinion that
66 any dynamic and successful company is obliged
to actively contribute to the development of
the community by implementing programs
and organizing events which meet the needs of
the society and which should not necessarily
be connected to the core products and services
provided to its clients. Since its foundation
in Serbia, Eurobank EFG is combining the
strategy of dynamic and successful growth
with dedicated contribution to the social
environment in which it exists and performs
its business. Such events and actions speak for
themselves and show the additional intention
of our Bank to incorporate in the life of every
city we operate in and the country as a whole
not only as a reliable source in resolving
financial needs but also as a good and
responsible corporate citizen.
31.12.2005.
in 000 dinars
Balance Assets: 11.804.214
Total Capital: 2.401.699*
Equity Capital Structure:
• Private capital: 98%
• Other / State Owned Capital: 2%
Corporate Deposits: 669.619
Retail deposits: 5.620.745
Corporate Loans: 1.169.783
Retail Loans: 5.100.205
Number of Employees: 382
* The item of Total capital has not been
corrected by Total loss for 2005
 USPEŠAN RAST
EFG Eurobank a.d. Beograd osnovala je
2003. godine, Eurobank EFG Group, jedna
od najdinamičnijih evropskih banaka, i
među vodećim u regionu Jugoistočne Evrope.
Ona danas pruža sve vrste bankarskih i
finansijskih usluga građanstvu, kompanijama
i javnom sektoru, i u regionu ostvaruje
dominantno učešće u sferi gotovinskih
kredita, kreditnih kartica, finansiranju
malih i srednjih preduzeća, investicionom
bankarstvu i na tržištima kapitala. Grupacija
Eurobank EFG razvila je svoje aktivnosti
u širem regionu jugoistočne Evrope, i to u
Rumuniji, Bugarskoj, Poljskoj, Turskoj, Srbiji,
Grčkoj i na Kipru, dok joj strateška alijansa sa
EFG Group, sa sedištem u Ženevi, omogućava
pristup evropskim finansijskim tržištima.
Od momenta započinjanja svojih poslovnih
aktivnosti u Srbiji, Eurobank EFG značajno je
investirala u razvoj svoje poslovne mreže, kao
i u informacionu i tehnološku infrastrukturu.
Primenjujući svoj uspešan model poslovanja,
Eurobank EFG nudi širok asortiman
standardnih i inovativnih bankarskih
proizvoda i usluga svojim klijentima i
zapošljava veliki broj obrazovanih i iskusnih
bankarskih stručnjaka. U nastupajućem
periodu Eurobank EFG će nastaviti sa
strategijom rasta i razvoja svoje poslovne
mreže i bankarskog poslovanja na domaćem
tržištu, sa ciljem da značajno poveća svoje
učešće u svim tržišnim segmentima.
Grupa je tokom 2005. godine dobila brojna
priznanja od najprestižnijih međunarodnih i
Grčkih medija: Bank of the Year od “Global
Finance”, Bank of the Year u Grčkoj od “The
Banker”, Best Private Bank u Grčkoj od
“Euromoney” i No. 1 Local Custodian od
“Global Custodian”. Banka je primila i “CSR
Award 2005” Atinske Komore za industriju
i trgovinu (Athens Chamber of Industry &
Commerce).
Eurobank EFG od svog osnivanja u Srbiji
kombinuje strategiju uspešnog rasta sa
doprinosom društvenoj zajednici kroz brojne
sponzorske programe, kao i putem svestrane
saradnje i aktivnog uključenja u programe
odgovornosti prema sredini u kojoj posluje.
U Eurobank EFG verujemo da je njihova
obaveza, kao dinamične i uspešne kompanije,
da aktivno i na kreativan način doprinese
unapređivanju društva i omoguće mu da ima
koristi od akcija koje nisu uvek vezane za
proizvode i usluge koje se nude klijentima.
31.12.2005.
u 000 dinara
Bilansna veličina: 11.804.214
Ukupan kapital: 2.401.699*
Struktura akcionarskog kapitala:
• privatni: 98%
• ostali / državni: 2%
Depoziti privrede: 669.619
Depoziti stanovništva: 5.620.745
Krediti privredi: 1.169.783
Krediti stanovništvu: 5.100.205
Broj zaposlenih: 382
67
* Ukupan kapital nije korigovan za
finansijski rezultat u 2005. godini
 ASSISTING SERBIA ON THE
ROAD OF ACCESSION TO EU
Following successfully implemented Bank from other banks is the orientation
acquisition, Erste Bank a.d. Novi Sad, member towards consulting and unique client relation.
of Erste Bank Group that is one of the leading We do not see ourselves only as the banking
financial institutions in the CEE region, has services provider but also the consultant in
initiated the comprehensive transformation the banking sector.
programme aimed The goal of the
to fully implement Erste Bank being the
the highest standards responsible financial
of the Group. Erste organisation is to
Bank plans to become assist Serbia on it’s
one of the leaders in way to European
the banking sector in Union. Erste Bank
Serbia acquiring 10 has a huge experience
percent of the market in communication
share in the next five with European
years by expanding Commission that can
its branch network, be very useful for our
product portfolio and country, communities
distribution channels and by heavily investing and small and medium size enterprises in
in IT and infrastructure. Serbia, helping them use the possibility to
Erste Bank was founded in the year 1819. access the European Union funds.
as a first savings bank in Austria (Erste Additional confidence of the Erste Bank
oesterreichische Spar-Kasse) and since than a.d. Novi Sad clients is based on the fact that
has become one of the biggest financial Erste Bank a.d. Novi Sad is a member of Erste
institutions in Central Europe according to Bank group that firmly relies on it’s Austrian
the number of clients and total assets. Due partner. The bank is constantly expanding
to the capital increase on Austrian market its services and product range, with the goal
and expansion on the markets of Central and to become the best bank with high quality
Eastern Europe through acquisition of the solutions for all client’s needs.
banks, as well as expansion of the existing
activities on those markets, the number of 31.12.2005.
Erste Bank clients increased from 600.000 to in 000 dinars
15 million clients in the last seven years. Balance Assets: 12.098.497
Total Capital: 1.453.380*
The business of Erste Bank group is based
Equity Capital Structure:
on retail sector, real estate purchase financing, • Private capital: 100%
offering private banking services to the clients, Corporate Deposits: 2.116.384
as well as on the cooperation with small and Retail deposits: 3.849.791
medium size enterprises. Services such as Corporate Loans: 5.781.757
asset management, factoring, insurance and Retail Loans: 1.387.539
Number of Employees: 879
68 leasing are also becoming one of the bases of
* The item of Total capital has not been
the bank’s business. What distinguishes Erste corrected by Total loss for 2005
 POMOĆ SRBIJI NA PUTU
KA EVROPSKOJ UNIJI
Erste Bank a.d. Novi Sad članica Erste
Bank grupe, jedne od vodećih finansijskih
institucija u regionu centralne i istočne
Evrope je posle uspešno sprovedene akvizicije,
započela sveobuhvatan proces transformacije
banke radi potpune implementacije standarda
grupacije. Planira da, u narednih pet godina,
kroz ekspanziju mreže filijala, širenje portfolia
proizvoda i distribucionih kanala i značajne
investicije u informacione tehnologije i
infrastrukturu, postane jedan od lidera sa
udelom od 10 odsto na bankarskom tržištu
Srbije.
Osnovana je 1819. godine kao prva
štedionica u Austriji (Erste oesterreichische
Spar-Casse) i danas je, prema broju klijenata
i ukupnoj aktivi jedna od najvećih kompanija
za pružanje finansijskih usluga u centralnoj
Evropi. Zahvaljujući ostvarenom rastu u
Austriji i širenju na područje centralne i
istočne Evrope, putem akvizicija banaka,
ali i rastu već postojećih aktivnosti na tim
tržištima, broj klijenata Erste Bank grupe je,
tokom sedam godina, porastao sa 600.000 na
preko 15 miliona klijenata.
Rad bazira na poslovima sa stanovništvom,
finansiranju kupovine nekretnina, pružanju
privatnih bankarskih usluga klijentima,
kao i na poslovanju sa malim i srednjim
preduzećima. Sve više pažnje poklanja i
poslovima kao što su upravljanje sredstvima,
faktoring, osiguranje i lizing. Ono što Erste
banku izdvaja od ostalih jeste opredeljenje
ka pružanju savetodavnih usluga i jedinstven
odnos prema klijentima.
Cilj Erste banke je, da kao odgovorna
finansijska organizacija, pomogne Srbiji na
njenom putu ka Evropskoj uniji. Ona ima
veliko iskustvo u komunikaciji sa
Evropskom Komisijom koje će biti
od velike koristi za zemlju, opštine
i mala i srednja preduzeća u Srbiji,
pre svega u pogledu mogućnosti
korišćenja fondova Evropske unije.
Poslovanje unutar Erste Bank
grupe, sa čvrstim osloncem u
austrijskim partnerima doprinosi
dodatnoj sigurnosti i poverenju
klijenata Erste Bank a.d. Novi Sad.
Banka konstantno razvija i proširuje
paletu svojih usluga i proizvoda, a
osnovni cilj je da postane najbolja
banka po načinu i kvalitetu rešavanja
potreba klijenata.
31.12.2005.
u 000 dinara
Bilansna veličina: 12.098.497
Ukupan kapital: 1.453.380*
Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 2.116.384
Depoziti stanovništva: 3.849.791
Krediti privredi: 5.781.757
Krediti stanovništvu: 1.387.539
Broj zaposlenih: 879
69
* Ukupan kapital nije korigovan za
finansijski rezultat u 2005. godini
 LOYALTY, CREATIVITY AND
ADAPTABILITY TO
CLIENTS REQUESTS
Nova Banka ad Beograd was founded in
1995. The bank operates in Serbia through a
network of 11 branches and 9 branch offices
offering wide variety of standard banking
products and services, from currents accounts,
payment cards, to loans both for retail and
corporate customers. In December 31, 2005,
Nova Banka was acquired by Findomestic
bank from Italy owned by Cetelem, a
subsidiary of the French BNP Paribas, and
Banca CR Firenze. As of April 7. 2006, Nova
banka operates in Serbian under new name,
as Findomestic banka a.d. Beograd.
In the Italian market Findomestic bank is
recognized for its innovative approach to
consumer lending consisting of fast, clear,
and creative solutions and suitable answers
for clients’ needs. Findomestc bank operates
in Italy through a network of 80 branches
employing two thousand people. The 2004
bank’s portfolio Findomestic amounted to 7
billion euros.
Nova Banka’s strategy of development
will be based on synergies of new approach
Kosovska 10, 11000 Beograd
Telefon: 011-333-17-33
Fax: 011-333-17-66
70
office@novabanka.co.yu
www.novabanka.co.yu
to lending already established in Italy and
standard banking products and services
currently existing on the local market.
„Our way of doing business is based on
commitment, ambition, creativity, and
adaptability to specific clients’ requests. We
believe that we will be able to offer suitable
and affordable solutions for their day-to-day
needs as a result of experience and success
of Findomestic bank in Italy“, states Eric
Blanchetete, General Manager of Findomestic
Bank.
General Manager of Fidomestic Bank.
Eric Blanchetete,
31.12.2005.
in 000 dinars
Balance Assets: 3.558.936
Total Capital: 1.015.275*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 1.480.286
Retail deposits: 995.817
Corporate Loans: 695.058
Retail Loans: 325.376
Number of Employees: 238
* The item of Total capital has not been
corrected by Total loss for 2005
 ODANOST, KREATIVNOST
I PRILAGODLJIVOST
ZAHTEVIMA KLIJENATA
Nova Banka ad Beograd osnovana je je uspešno razvijen u Italiji i standardnih
1995. godine. Nova banka posluje u Srbiji bankarskih proizvoda i usluga koje se već
kroz mrežu od 11 filijala i 9 ekspozitura i u nalaze u ponudi na lokalnom tržištu.
svojoj ponudi ima široku paletu standardnih “Naš način rada zasnovan je na odanosti,
bankarskih proizvoda i usluga, od tekućih ambiciji, kreativnosti i prilagođavanju
računa, platnih kartica, do kredita, kako za specifičnim zahtevima klijenata. Verujemo da
fizička tako i za pravna lica. U decembru 2005. ćemo klijentima u Srbiji ponuditi adekvatna i
godine Novu Banku je kupila Findomestic prihvatljiva rešenja za svakodnevne potrebe
banka iz Italije čiji vlasnici su Cetelem, deo koja su rezultat iskustva i uspešnog poslovanja
francuske bankarske grupacije BNP Paribas i Findomestic banke u Italiji”, ističe Eric
Banca CR Firenze. Od 7. aprila 2006. godine Blanchetete, generalni direktor Findomestic
Nova banka posluje pod novim imenom kao banke.
Findomestic banka
Findomestic banka je na italijanskom tržištu
prepoznatljiva po svom inovativnom pristupu
kreditiranju stanovništva koje se odlikuje
brzim, jasnim i kreativnim rešenjima i
adekvatnim odgovorima na potrebe klijenata.
Banka u Italiji posluje kroz mrežu od 80
filijala i zapošljava dve hiljade ljudi. Portfolio
Findomestic banke u 2004. godini iznosio je
sedam milijardi evra.
Poslovanje Nove banke biće zasnovano
na sinergiji novog pristupa kreditiranju koji

31.12.2005.
u 000 dinara
Bilansna veličina: 3.558.936
Ukupan kapital: 1.015.275*
Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 1.480.286
Kosovska 10, 11000 Beograd
Depoziti stanovništva: 995.817
Telefon: 011-333-17-33 Krediti privredi: 695.058
Fax: 011-333-17-66 Krediti stanovništvu: 325.376
Broj zaposlenih: 238 71
office@novabanka.co.yu * Ukupni kapital nije korigovan za
www.novabanka.co.yu finansijski rezultat u 2005. godini
 BEST CUSTODIAN BANK IN SERBIA
HVB Bank Serbia and Montenegro, started banking system which enables the fastest,
its operation in Serbia in December 2001, easiest and cheapest way for daily transactions
and for a very short period established should be underlined. HVB Bank as the best
recognizable banking business and ensured Custodian Bank in Serbia offers to its clients
a strong market share by offering modern Bank services of keeping securities-custody
and innovative products and services to both service on financial stock exchange in country
corporate and retail customers. The fact of and abroad.
being a member of one of the biggest banking
groups in Europe,
UniCredit Group,
international experience
and safety are what make
this Bank special. HVB
Bank offers its services
to the citizens within
the branch network of
42 branch offices.
When we talk about
Retail businesses,
HVB Bank offers to its
customers to choose
solutions that are best
for them from the wide
variety of products
available such are loans
with most favorable
interest rates on our
market, tailor-made
account packages
including debit and/or credit cards, standing
order, purpose saving, overdraft facilities, 31.12.2005.
safe deposit boxes, service channels such as in 000 dinars
telephone and online banking, free health Balance Assets: 45.307.152
insurance for trips abroad. HVB Bank offers Total Capital: 4.171.141*
to the entrepreneurs and small and medium Equity Capital Structure:
enterprises standardized products, like • Private capital: 100%
Corporate Deposits: 7.140.071
overdraft and investment loans.
Retail deposits: 6.105.895
HVB Banks offers a wide range of products Corporate Loans: 17.132.180
and services also for corporate clients. Retail Loans: 8.263.367
72 Besides documentary businesses, loans and Number of Employees: 561
guarantees the state of the art electronic * Total Net Profit for 2005 included
 NAJBOLJA CUSTODIAN BANKA U SRBIJI
HVB Banka Srbija i Crna Gora, prisutna U svojoj ponudi HVB Banka ima
je na srpskom tržištu od 2001. godine. U standardizovane proizvode namenjene
vrlo kratkom vremenskom periodu, uspela preduzetnicima i malim i srednjim
je da izradi vrlo prepoznatljivo bankarsko preduzećima, kao što su dozvoljeno
poslovanje i da osigura jak tržišni udeo, nudeći prekoračenje po računu i investicione
svojim klijentima, iz redova stanovništva i kredite.
privrede, moderne i inovativne proizvode. HVB Banka nudi i pravnim licima
Zahvaljujući činjenici što je članica jedne široku paletu proizvoda i usluga. Pored
od najvećih bankarskih grupacija u Evropi, dokumentarnih poslova, kredita i garancija,
UniCredit Grupe, međunarodno iskustvo i posebno treba izdvojiti i najsavremeniji
sigurnost su ono što je izdvaja. sistem elektronskog bankarstva, koji
HVB Banka, sa svoje 42 filijale, pruža omogućava da se sve transakcije izvršavaju
usluge stanovništvu širom Srbije. Kada su u na najbrži, najjednostavniji i najjeftiniji način.
HVB Banka,
kao najbolja
Custodian
banka u Srbiji,
pruža klijentima
usluge čuvanja
hartija od
vrednosti i
saldiranja
trgovanja na
finansijsk im
berzama u zemlji
i inostranstvu.

pitanju ovi poslovi, HVB Banka nudi svojim

klijentima da izaberu ono što im najviše 31.12.2005.
odgovara, kredite sa najnižim kamatnim u 000 dinara
stopama na našem tržištu. U zavisnosti od Bilansna veličina: 45.307.152
Ukupan kapital: 4.171.141*
toga za koji se Paket račun klijenti odluče,
Struktura akcionarskog kapitala:
mogu da dobiju debitne i kreditne kartice, • privatni: 100%
trajne naloge za plaćanje, dozvoljeno Depoziti privrede: 7.140.071
prekoračenje po računu, telefonsku proveru Depoziti stanovništva: 6.105.895
stanja, besplatno zdravstveno osiguranje Krediti privredi: 17.132.180
prilikom putovanja u inostranstvo, sefove, Krediti stanovništvu: 8.263.367
Broj zaposlenih: 561
kao i da koriste sve prednosti plaćanja računa 73
* Uključena je ukupna akumulirana dobit
putem on line banke. za 2005. godinu
 SPECIFIC FORMS
OF FINANCING
MAJOR PROJECTS
Hypo Alpe-Adria-Bank a.d. Beograd has
been operating in Serbia and Montenegro
since 2002 as a part of Hypo Alpe-Adria-Bank
International, the most successful regional
bank in the Alpine-Adriatic region. It is
one of the top five most important financial
institutions in the country today, present in
all large economic centres, whose stable and
significant financial potential enabled long
term investment financing orientation, so
that Hypo Alpe-Adria-Bank became one of
the most important factors in inciting the
economic development of Serbia.
The bank has been an innovator from the
first day of its operations. Always one step
ahead of others, it was the first to introduce
leasing in Serbia, broke the ice with long
term housing loans, and was the first to offer
long term financing to Serbian companies,
as well as “cross-border” financing directly
from Austria. Using this specific form of
financing large projects is its most important
competitive advantage.
Thanks to strong connections inside Hypo
Alpe-Adria Group and its wide network,
financing is flexible and adapted to needs of
clients, who can chose from the combined
offer of other companies of the Group in
Serbia – Hypo Alpe-Adria-Leasing, Hypo
Alpe-Adria Consultants and Hypo Alpe-
Adria-Securities. The fact that its clients can
74 satisfy their needs through various forms
of financing stands out as one of the most
important advantages of the bank.
Hypo Alpe-Adria-Bank Beograd has built
an image of a highly professional and secure
institution, which recognizes the needs of the
market and understands its clients, and creates
partnerships with them. It is also known as a
flexible and fast decision-making bank, which
closes business arrangements efficiently.
Combination of all these factors resulted in
large number of clients which trusted it, and
to whom it offers a wide spectre of banking
services, both in corporate and retail banking
sector.
31.12.2005.
in 000 dinars
Balance Assets: 68.141.354
Total Capital: 5.819.367*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 7.375.666
Retail deposits: 5.124.301
Corporate Loans: 33.351.010
Retail Loans: 9.114.478
Number of Employees: 536
* Total Net Profit for 2005 included
 SPECIFIČNI OBLICI
FINANSIRANJA
VEIKIH PROJEKATA
Hypo Alpe-Adria-Bank a. d. Beograd posluje
u Srbiji i Crnoj Gori od 2002. godine, kao
deo Hypo Alpe-Adria-Bank International,
najuspešnije regionalne banke alpsko-
jadranskog regiona. Danas je to jedna od
pet najvećih finansijskih institucija u zemlji,
prisutna u svim većim privrednim centrima,
čiji je stabilan i značajan finansijski potencijal
omogućio orijentaciju ka dugoročnom
investicionom finansiranju, pa je tako Hypo
Alpe-Adria-Banka Beograd postala jedna od
najznačajnijih banaka u podsticaju privrednog
razvoja Srbije.
Na srpskom tržištu banka je od prvog dana
poslovanja bila inovator. Nastojeći da bude
bar korak ispred drugih, prva je uvela lizing,
probila je led prvim dugoročnim stambenim
kreditima, i prva ponudila dugoročno
finansiranje srpskim preduzećima, kao
i mogućnost „cross-border“ finansiranja
direktno iz Austrije. Korišćenje ove specifične
vrste finansiranja velikih projekata jeste ono
po čemu se i razlikuje od drugih banaka.
Zahvaljujući čvrstoj povezanosti unutar
Hypo Alpe-Adria Grupe i rasprostranjenosti
mreže, finansiranje je fleksibilno i
prilagođeno potrebama klijenata, kojima su
na raspolaganju kombinovane usluge ostalih
kompanija grupe u Srbiji – Hypo Alpe-Adria-
Leasing, Hypo Alpe-Adria Consultants i Hypo
Alpe-Adria-Securities. Jedna od osnovnih
prednosti banke počiva upravo u činjenici
da njeni klijenti mogu, kroz različite oblike
finansiranja, da zadovolje svoje potrebe.
Hypo Alpe-Adria-Bank Beograd izgradila
je imidž visoko profesionalne i sigurne
institucije koja prepoznaje potrebe tržišta i
razume svoje klijente, i sa njima uspostavlja
partnerski odnos. Na tržištu je poznata i kao
banka koja fleksibilno i brzo donosi odluke
i efikasno završava poslove. Kombinacija
svih tih faktora je rezultirala velikim brojem
klijenata koji su joj ukazali poverenje a kojima
nudi širok spektar bankarskih usluga, kako
u oblasti poslovanja sa privredom, tako i u
poslovanju sa stanovništvom.
31.12.2005.
u 000 dinara
Bilansna veličina: 68.141.354
Ukupan kapital: 5.819.367*
Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 7.375.666
Depoziti stanovništva: 5.124.301
Krediti privredi: 33.351.010
Krediti stanovništvu: 9.114.478
Broj zaposlenih: 536 75
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 BANK FOR NEW CHALLENGES
YUBMES Bank was established in 1979. as by Bank’s strategic orientation for the period
a specialized institution for export financing in perspective.
and export insurance activities. In the The role of the YUBMES Bank AD, which
beginning of nineties the Bank, being the first
and a sole export credit agency in Eastern
Europe Region, established cooperation with
world’s leading development institutions and
export credit agencies. At the time the Bank
held observer status in the BERNE UNION.
In 1997. the Bank was transformed into
universal commercial bank, offering wide
range of various financial services such
as deposit operations, credit operations,
guarantees, payment operations, retail
banking operations, consulting and financial
engineering services, e-banking etc. With aim
to further develop its activities and strengthen
its competitive potentials in modern banking
market, the YUBMES Bank orients its business
strategy primarily at giving support to export
projects. The Bank pays special attention to is engaged in linking and maintaining
act in conformity with principle of solvency, partnership and cooperation with financial
to capability of its clients to execute particular institutions of the Region, is even more
projects, to support establishment and growth significant having in mind that Free Trade
of SMEs, to render professional assistance Area in the Region of South-East Europe is
to its clients for designing framework of currently developing. Consequently the Bank
financial cooperation with foreign partners, becomes the important subject in integration
to assistance in procedure for collection and development process in our Region.
of claims against foreign debtors etc. The
new Law on the banks, which had recently
entered into force, created legal basis for 31.12.2005.
the development of wide scale of banking- in 000 dinars
Balance Assets: 4.246.840
parabanking products, as well as for designing Total Capital: 2.049.092*
of contemporary models for risk monitoring Equity Capital Structure:
and risk management. Both tasks are focused - Private capital: 56%
- Social Capital: 37%
- Other / State Owned Capital: 25%
Corporate Deposits: 1.815.065
address: Bulevar AVNOJ-a 121 Retail deposits: 247.496
Corporate Loans: 959.859
phone: +381 11 2205500 Retail Loans: 147.733
76 Number of Employees: 111
web: www.jubmes.co.yu * Total Net Profit for 2005 included
Email: jubmes@jubmes.co.yu
 BANKA ZA NOVE IZAZOVE
Jubmes banka je osnovana 1979. godine pozicioniranja kao konkurentnog subjekta
u statusu specijalizovane institucije za u savremenom bankarskom okruženju,
finansiranje i osiguranje izvoznih poslova. Jubmes banka svoju poslovnu orijentaciju
Kao jedina usmerava primarno na pružanje podrške
izvozno-kreditna izvoznim projektima svojih klijenata uz
agencija u regionu poštovanje principa solventnosti, renomea
Istočne Evrope i osposobljenosti klijenata. Angažovana je i
do početka na pružanju podrške: razvoju MSP, svojim
90-tih godina, klijentima u modeliranju finansijskog
imala je saradnju okvira saradnje sa inostranim pratnerima,
sa vodećim u regulisanju naplate potraživanja od ino-
razvojnim dužnika i dr.
inst itucija ma Sa primenom novog Zakona o bankama,
i izvozno- obezbeđen je pravni okvir za dalji razvoj
kreditnim i oblikovanje široke palete bankarskih-
agencijama u parabankarskih proizvoda, kao i savremenih
svetu. Banka modela kontrole i upravljanja rizicima,
je imala status kao ciljnog portfolia poslovanja Banke u
posmatrača u narednom periodu. U uslovima stvaranja
Bernskoj uniji. Slobodnog trgovinskog prostora u
Posle transformacije u poslovnu banku Jugoistočnoj Evropi, Banka sa profilisanom
1997. godine, profiliše se kao univerzalna poslovnom orijetacijom postaje važan
komercijalna banka koja pruža široku paletu subjekt povezanja i uspostavljanja partnerske
bankarsko-finansijskih usluga: depozitni, saradnje između institucija finansijskog
kreditni i garancijski poslovi, poslovi sektora na regionalnom nivou i važan subjekt
platnog prometa, poslovi sa stanovništvom, integracionog procesa i razvoja u celini.
konsultantske usluge - finansijski inženjering,
e-banking i dr. U cilju daljeg razvoja i

31.12.2005.
u 000 dinara
Bilansna veličina: 4.246.840
Ukupan kapital: 2.049.092*
Struktura akcionarskog kapitala:
• privatni: 56%
• društveni: 37%
• ostali / državni: 25%
Depoziti privrede: 1.815.065
adresa: Bulevar AVNOJ-a 121 Depoziti stanovništva: 247.496
Krediti privredi: 959.859
telefon: +381 11 2205500 Krediti stanovništvu: 147.733
Broj zaposlenih: 111 77
web: www.jubmes.co.yu * Uključena je ukupna akumulirana dobit
Email: jubmes@jubmes.co.yu za 2005. godinu
 DOMESTIC BANKING FLAGSHIP
In December 2005, Komercijalna Banka
ad Beograd celebrated 35th anniversary of
its successful business operations. For all
these years the Bank has been constantly
growing, modernizing its business operations
according to the highest standards in the
world and expanding business network in
the country and abroad. Corporate and retail
operations are provided in 23 branches and
253 branch offices which comprise the largest
banking network in the country. The Bank
has established the affiliate Komercijalna
Banka ad Budva in which it is 100% owner
and representative offices in Frankfurt and
Zagreb in order to improve correspondent
relations with foreign banks.
Concerning the balance sheet assets and
the capital, Komercijalna Banka is at the very
Komercijalna Banka
78
Belgrade
14, Svetog Save Street
www.kombank.com
top of domestic banking and concerning
liquidity and business results far ahead in
relation to other banks. It has been confirmed
as one of the safest and most efficient banking
institutions in Serbia and Montenegro. The
quality of provided services by the Bank has
been awarded not only by the customers’
thrust but also by the Certificate of the British
Institute for Standardization (BSI).
With 2,699 employees, business network
covering almost every town in Serbia and
over 930,000 clients, Komercijalna Banka is
among 3 largest banks in the country.
The Bank is certainly best recognized by
the volume of foreign exchange retail savings
and concerning this criterion it has been the
market leader for quite some time.
• The most important indicators of the
Bank’s business operations in the year
2005 concern the following:
• Total assets increase is 41% and amounts
to 107 billion Dinars;
• Profit exceeds 513 million Dinars, which
is for 68% more than in previous year;
• Cash flows worth over 2 billion Dinars,
i.e., 37% more than in the year 2004;
• Foreign exchange savings are also rapidly
growing and in December 2005 amounted
to over 470 million EUR.
31.12.2005.
in in 000 dinars
Balance Assets: 74.799.356
Total Capital: 8.932.819*
Equity Capital Structure:
• Private Capital: 46%
• Social Capital: 8%
• Other / State Owned Capital: 46%
Corporate Deposits: 11.925.955
Retail deposits: 38.965.850
Corporate Loans: 25.137.670
Retail Loans: 9.264.076
Number of Employees: 2.645
* Total Net Profit for 2005 included
 VRH DOMAĆEG BANKARSTVA
Komercijalna banka ad Beograd je u
decembru 2005. obeležila 35 godina uspešnog
poslovanja. Sve ove godine, Banka neprestano
raste, osavremenjuje svoj rad prema najvišim
svetskim standardima i proširuje svoju
poslovnu mrežu u zemlji i inostranstvu.
Pravnim i fizičkim licima usluge pruža u 23
filijale i 253 ekspoziture, koje čine najveću
bankarsku poslovnu mrežu u zemlji. Banka
je osnovala Komercijalnu banku ad Budva
u kojoj je 100 odsto vlasnik i predstavništva
u Frankfurtu i Zagrebu, kako bi unapredila
poslovne veze sa stranim bankama.
Po veličini bilansa i kapitala, Komercijalna
banka nalazi se u vrhu domaćeg bankarstva.
Po platnoj sposobnosti i uspešnosti uverljivo
je ispred ostalih, afirmisana kao jedna od
najsigurnijih i najefikasnijih bankarskih
institucija u Srbiji i Crnoj Gori. Za kvalitet
usluga koje pruža, Banka je, pored poverenja
klijenata, dobila i setifikat Britanskog instituta • ostvareni dobitak je premašio 513
za standardizaciju (BSI). miliona dinara, što je za 68% više nego u
Sa 2.699 zaposlenih, poslovnom mrežom prethodnoj godini;
koja pokriva svako veće mesto u Srbiji i preko • tokovi gotovine vredni su preko 2
930.000 klijenata, Komercijalna banka spada milijarde dinara, odnosno 37% više nego
među 3 najveće banke u zemlji. u 2004. godini;
Banka se, svakako, najviše prepoznaje po • ubrzano raste i devizna štednja, koja je u
visini devizne štednje građana, jer je po ovom decembru 2005. prešla 470 miliona evra.
kriterijumu već dugo prva na rang listi banaka
koje posluju na ovom prostoru.
Najvažniji pokazatelji uspešnosti Banke u 31.12.2005.
2005. godini su: u 000 dinara
Bilansna veličina: 74.799.356
• ukupna aktiva Banke je povećana za 41% i Ukupan kapital: 8.932.819*
iznosi 107 milijardi dinara; Struktura akcionarskog kapitala:
• privatni: 46%
• društveni: 8%
• ostali / državni: 46%
Depoziti privrede: 11.925.955
Komercijalna banka Depoziti stanovništva: 38.965.850
Krediti privredi: 25.137.670
Beograd Krediti stanovništvu: 9.264.076
Broj zaposlenih: 2.645 79
Svetog Save 14. * Uključena je ukupna akumulirana dobit
www.kombank.com za 2005. godinu
 DOING BUSINESS UNDER THE
UN SECURITY RESOLUTION
AND NBS REGIME
The bank was founded on 28th of December
1990. and began to work on 3rd of January
1991. with network of local offices and sub
branches established in Kosovo.
Banking operations encompassed all
economy branches, especially major systems,
Electrical industry of Serbia in Kosmet,
R.M.H.K “Trepcha” – Zvechan, “Feronikl”
– Glogovac, Cement factory “Shar” - General
Jankovic, whole metalworking industry,
construction, agriculture and grape & wine
production.
During all of this period, besides short
term financing, the Bank was investing in
reconstruction of village households and
some economically important capacities. In
addition, the bank successfully dealt with
Kosovo and Metohia economy problems,
bankruptcy of ex Kosovo bank – Bankos,
economy sanctions, and hyperinflation and
got through uncertainty, bombing and war.
The Bank lost property and ownership rights
of 21 millions Eur when KFOR and UNMIK
ground troops came in Kosovo on 11th of
June 1999. That day Bank’s local offices in
80
Prizren, Pec, Uroshevac, Gnjilan and all
offices and sub branches in Kosmet practically
stopped working and over 200 workers
migrated to Serbia and Montenegro leaving
their jobs and homeland.
On 12th July 1999. the Bank moved its central
office from Prishtina to Zvechan. The Bank has
been working according to Resolution 1244
by UN Security Council and by regulations
of National bank of Serbia, realizing part of
S&CG’s economical sovereignty in Kosmet
and providing banking services to the citizens,
economy, entrepreneurs, with full liquidity
and solvency.
The Bank has no debts concerning old
foreign currency savings, nor has payables
concerning foreign guaranties and foreign
credits.
The Bank covers strategic area, very rich in
natural resources and has already prepared
funding programs for resources that bring
significant profit.
With the Banks modern equipment and
competent staff the Bank has taken over part
of national system for payment operations
on entire region of Kosovo and Metohia and
Serbia.
31.12.2005.
in 000 dinars
Balance Assets: 370.786
Total Capital: 215.693*
Equity Capital Structure:
• Private capital: 32%
• Social Capital: 68%
Corporate Deposits: 48.000
Retail deposits: 20.000
Corporate Loans: 63.705
Retail Loans: 6.700
Number of Employees: 85
* Total Net Profit for 2005 included
 POSLOVANJE U REŽIMU REZOLUCIJE
SAVETA BEZBEDNOSTI UN I NBS
Nakon osnivanja 1990. godine Banka je
razvila mrežu filijala i ekspozitura na celom
prostoru Kosova i Metohije. Privredno i
bankarsko poslovanje obuhvatilo je sve
grane privrede, a posebno velike sisteme,
Elektroprivredu Srbije na Kosmetu, R.M.H.K
“Trepča” – Zvečan, “Feronikl” – Glogovac,
Fabriku cementa “Šar” - Đeneral Janković,
celokupnu metaloprerađivačku industriju,
građevinarstvo, agrar, a naročito grožđe i
vino.
U tom periodu, pored kratkoročnih
plasmana, Banka je ulagala u obnovu seoskih
domaćinstava i u kapacitete koji su bili od
posebnog značaja za ekonomski razvoj. Banka
je uspešno savladavala problem celokupne
privrede Kosova i Metohije zbog stečaja bivše
Kosovske banke – Bankos-a, ekonomskih
sankcija, hiperinflacije, prebrodila je
neizvesnost, bombardovanje i ratna dejstva.
Kada su trupe KFOR-a i UNMIK-a ušle
na Kosmet, 11. juna 1999. godine, Banka
je izgubila imovinu i imovinska prava u
vrednosti od 21 million EURA. Tog dana
lokalne filijale u Prizrenu, Peći, Uroševcu,
Gnjilanu i sve poslovnice i ekspoziture na
Kosmetu praktično prestaju sa radom, a
Kralja Milutina bb,
38227 Zvečan
Telefon: 028/664-730
Telafaks: 028/664-735
E-mail: komet_ba@ptt.yu
web: kosmet-banka.com
posao i zavičaj napušta 200 radnika raseljenih
širom SCG. Banka iste godine izmešta sedište
iz Prištine u Zvečan. Od tada posluje u
režimu Rezolucije 1244 Saveta bezbednosti
Ujedinjenih nacija, a po propisima Narodne
banke Srbije, ostvarajući deo ekonomskog
suvereniteta SCG na Kosmetu, pružajući
bankarske usluge preostalim građanima,
privredi, preduzetnicima, uz optimalnu
likvidnost i solventnost.
Banka nema duga prema staroj deviznoj
štednji, niti ima obaveza po inogarancijama i
ino kreditima. Ona pokriva strateški prostor,
bogat izuzetnim prirodnim resursima i ima
pripremljene programe za ulaganja u one
projekte koji donose značajan profit. Obavlja
platni promet na celom prostoru Kosova i
Metohije i raspolaže savremenom opremom
i sopstvenim stručnim kadrovima.
31.12.2005.
u 000 dinara
Bilansna veličina: 370.786
Ukupan kapital: 215.693*
Struktura akcionarskog kapitala:
• privatni: 32%
• društveni: 68%
Depoziti privrede: 48.000
Depoziti stanovništva: 20.000
Krediti privredi: 63.705
Krediti stanovništvu: 6.700
Broj zaposlenih: 85
81
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 A DECADE OF SUCCESS
FOR KULSKA BANKA
Kulska Banka a.d. Novi Sad was founded
in 1995 in Kula and started operations with
20 employees and DEM 1.2 million in capital.
Today, with its headquarters in Novi Sad and
more than 40 branch offices all over Serbia, total
Bank’s capital at the end of year 2005 amounting
to EUR 56.5 million and with 409 employees,
Kulska bank is placed among the top-ranking
banks in the domestic banking system.
This is the result of great efforts and the
huge trust that clients have had in the bank
for many years.
Kulska banka has correspondent relations
with 234 banks in 34 countries, having
accounts in 11 foreign banks, the Bank
performs payment operations, foreign credit
operations and other foreign exchange
operations within the «Big license” issued by
NBS, approving dinar loans to exporters at
favorable interest rates, and foreign currency
loans for the purpose of paying imported
82 goods and services. Kulska Banka performs
all types of banking operations with the
commercial sector, offering short-term loans
to clients for providing liquidity, credits for
preparing exports and export, and revolving
assets, as well as long-term loans for small
and medium companies.
Kulska banka has defined its choice of
standardizing its operations and improving
quality. This was verified by the certification
and fulfillment of the ISO 9000 standards and
continuous growth of the type of operations
that it is involved in, number of clients, volume
of deposits, balance sum and capital.
The developmental plans of Kulska Banka
are aimed at stepping up international
cooperation, primarily through the realization
of strategic partnerships, using advantageous
foreign credit sources, strengthening
relations in the area of corporate operations,
particularly with small and medium
enterprises, promoting export-oriented
companies and the agriculture, developing
affairs in the public sector through domestic
and foreign currency deposits, transfers,
retail cash and consumer loans, VISA,
DinaCard and MasterCard program, leasing
- as a para-banking operation and operations
with securities. These are some of our most
significant strategic and continuous plans in
terms of the Bank’s further expansion.
31.12.2005.
in 000 dinars
Balance Assets: 11.656.362
Total Capital: 5.882.461*
Equity Capital Structure:
• Private capital: 72%
• Social Capital: 13%
• Other / State Owned Capital: 15%
Corporate Deposits: 5.850.206
Retail deposits: 784.045
Corporate Loans: 6.269.425
Retail Loans: 605.489
Number of Employees: 409
* Total Net Profit for 2005 included
 DECENIJA USPEŠNOG
POSLOVANJA
Kulska banka je osnovana 1995. godine poslova platnog prometa, gotovinskih i
u Kuli, sa 20 zaposlenih i kapitalom od potrošačkih kredita, VISA, DinaCard i
1,2 miliona maraka. Danas, sa sedištem u MasterCard programa. U najznačajnije
Novom Sadu, sa preko 40 organizacionih strateške i kontinuirane planove ubraja se
jedinica širom Srbije, ukupnim kapitalom i lizing kao parabankarski posao i razvoj
koji je krajem 2005. godine iznosio 56.5 Sektora za trgovanje sa hartijama od
miliona evra, i sa 409 zaposlenih, Kulska vrednosti. To su neki od naših najznačajnijih
banka zauzima visoko mesto u domaćem strateških i kontinuiranih planova u pogledu
bankarskom sistemu. To je rezultat velikog daljeg razvoja Banke
rada i ogromnog dugogodišnjeg poverenja
klijenata u Banku.
Banka ima korespondentske odnose sa 234
banke u 34 države, račune u 11 stranih banaka
i obavlja poslove platnog prometa, kreditne
poslove sa inostranstvom i druge valutne
poslove u okviru “Velikog ovlašćenja“ NBS,
odobravajući izvoznicima dinarske kredite uz
povoljne kamatne stope, kao i devizne kredite
iz kojih je omogućeno plaćanje uvoza. Obavlja
sve vrste bankarskih poslova sa privredom,
klijentima se nude kratkoročni krediti za
obezbeđenje likvidnosti, krediti za pripremu
izvoza i izvoz i obrtna sredstva kao i dugoročni
krediti za mala i srednja preduzeća.
Svojom poslovnom politikom Banka je
Centrala banke

definisala opredeljenost ka standardizaciji

svojih poslova i povećanju kvaliteta. Potvrda
za to je verifikovana kroz sertifikaciju i
ispunjenje standarda ISO 9000 i kroz stalni
rast vrste poslova, broja klijenata, obima
depozita, bilansne sume i kapitala. 31.12.2005.
Planovi razvoja Kulske banke idu ka u 000 dinara
Bilansna veličina: 11.656.362
intenzivnijoj saradnji sa svetom, prvenstveno Ukupan kapital: 5.882.461*
kroz realizaciju strateškog partnerstva i Struktura akcionarskog kapitala:
korišćenju povoljnih kreditnih izvora iz • privatni: 72%
• društveni: 13%
inostranstva. Osim toga u planu je i jačanje • ostali / državni: 15%
relacija u domenu korporativnog poslovanja, Depoziti privrede: 5.850.206
Depoziti stanovništva: 784.045
naročito sa malim i srednjim preduzećima, Krediti privredi: 6.269.425
podsticaj izvozno orijentisanih preduzeća Krediti stanovništvu: 605.489
i poljoprivrede, razvoj poslova u sektoru Broj zaposlenih: 409 83
* Uključena je ukupna akumulirana dobit
stanovništva, dinarskih i deviznih depozita, za 2005. godinu
 EFFECTIVE, DIVERSIFIED AND
QUALITY PRODUCTS AND SERVICES
Laiki Group Cyprus has recently entered
the local market through the acquisition of
majority shareholding in Centrobanka a.d.
Belgrade. Today Laiki Bank operates in 114
branches in Cyprus, 48 branches in Greece,
with six more in the UK, eight in Australia
and representative offices in South Africa,
Canada, USA, Moscow and Belgrade. From
being a small savings bank in 1901. the Group
is now a modern and profitable financial
84 institution with a leading presence on the
Cyprus financial scene and international
prestige.
Centrobanka a.d. Belgrade has
changed name to Laiki Bank a.d.
Belgrade.
Primary objective of Laiki Bank
a.d. Belgrade is to create a model
Bank in Serbia, a Bank that will
distinguish itself for the efficiency
and quality of its service, the
variety of its products and services,
the effort to cater the financial
needs of its clients, corporate or
private individuals, and the social
responsibility towards the society
in general. We trust that with your
support we will be able to offer an
alternative to the existing banking
options.
Our Vision is to differentiate as
the most dynamic, effective and
reliable financial organization.
We build our success upon the
enthusiasm of our people, quality
of customer service, quality of
our portfolio, enhancement of
shareholder’s value, international
expansion of our operations,
promotion of Corporate Social
Responsibility, safeguarding of our
corporate image.
31.12.2005.
in 000 dinars
Balance Assets: 8.088.124
Total Capital: 1.575.362*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 3.322.994
Retail deposits: 1.341.715
Corporate Loans: 3.683.471
Retail Loans: 1.148.250
Number of Employees: 325
* Total Net Profit for 2005 included
 EFIKASNI, RAZNOVRSNI I
KVALITETNI PROIZVODI I USLUGE

Laiki grupa sa Kipra je nedavno ušla na

domaće tržište, preuzimanjem većinskog
dela akcija Centrobanke a.d. Beograd.
Ono što je nekada bila štedna banka od
1901. godine, danas je vodeća grupa u
oblasti ekonomije i društva, sa širokim
spektrom finansijskih usluga. Danas Laiki
Grupu čine: 114 poslovnica na Kipru, 48 u
Grčkoj, 6 u Velikoj Britaniji, 8 u Australiji,
kao i kancelarije predstavništava banke u
Južnoafričkoj Republici, Kanadi, SAD, Rusiji
i u Srbiji (Beogradu). Laiki Grupa je dostigla
strateški značaj u internacionalizaciji svojih
aktivnosti, sa akcentom na širenju grčkog
tržišta, kao i u zemljama gde je grčki element
uticajan.
Centrobanka a.d. Beograd je promenila
ime u Laiki Bank a.d. Beograd. Primarni cilj
Laiki Bank je prepoznatljivost po efikasnosti,
kvalitetu i raznovrsnosti proizvoda i usluga,
ispunjavanju finansijskih potreba svojih
klijenata, pravnih i fizičkih lica, kao i po
društvenoj odgovornosti prema zajednici u
celini.
Veruju da će, uz podršku klijenata, biti
u mogućnosti da daju drugačiju ponudu u
okviru postojećeg bankarstva. Vizija Banke je
da se diferencira kao najdinamičnija, efikasna
i pouzdana organizacija. Uspeh gradi na
31.12.2005.
entuzijazmu zaposlenih, kvalitetu usluga i u 000 dinara
portfolia, uvećanju vrednosti za akcionare, Bilansna veličina: 8.088.124
internacionalnoj ekspanziji aktivnosti, Ukupan kapital: 1.575.362*
promociji društvene odgovornosti i očuvanju Struktura akcionarskog kapitala:
korporativnog imidža banke. • privatni: 100%
Depoziti privrede: 3.322.994
Depoziti stanovništva: 1.341.715
Krediti privredi: 3.683.471
Krediti stanovništvu: 1.148.250
Broj zaposlenih: 325 85
* Uključena je ukupna akumulirana dobit
www.laiki.com za 2005. godinu

The Bank was established on the 2nd of April,
1992, under the name of Prva preduzetnička
banka a.d., as the bank with mixed ownership
structure, having aimed at rendering services
to private entrepreneurs and small and
medium enterprises, with a view to enhancing
the development of entrepreneurship.
In mid 2003, the ownership structure of
the Bank was changed – LHB Internationale
Handelsbank AG, Frankfurt, the member
of Nova ljubljanska banka, which represents
one of the biggest banking groups in South
Eastern Europe, became, by means of capital
increase, the new major shareholder of the
Bank.
LHB Banka Beograd belongs to the group
of universal banks, which strives to upgrade
its activities in such way as to achieve the
following:
• To operate as a successful bank,
particularly in financing credit lines for small
and medium enterprises.
• To improve and further develop the
retail banking facilities, by introducing new
products and services.
• To deliver to Bank’s clients the financial
products made particularly to match their
specific needs, accompanied with appropriate
high-quality services.
LHB Banka Beograd a.d.
NLB Group
Kralja Petra 9, Beograd
Phone: +381 11 3020 300
Fax: +381 11 3020 306
86
Web site: www.lhb.co.yu
e-mail: info@lhb.co.yu
NUMEROUS
ADVANTAGES
FOR THE BANKS
CLIENTS
• To keep current on world trends in
banking technology, continuingly expanding
and advancing its offer.
Due to effects of synergie that result from
being the integral part of NLB Group, which
also comprise numerous corporates, whose
line of business is complementary to banking
activities, the Bank has gained access to
many new advantageous facilities, which the
Bank’s clients have recognized and supported
by the volume of operations they have been
performing with the Bank.
The Bank has been conducting the usual
banking operations, with emphasis on SME
lending activities, and on payment operations
that are being performed via the network of
more than 55 organizational units located
throughout the Republic of Serbia.
The loans are being granted and disbursed
either from Bank’s own resources and funds,
or with funds provided by the European Fund
for South Eastern Europe, in cooperation with
German bank for reconstruction, KfW. The
clients have the option of utilizing the wide
range of payment cards for both corporates
and privates, e-banking services, overdraft
facilities and savings incentive schemes.
31.12.2005.
in 000 dinars
Balance Assets: 9.915.363
Total Capital: 1.322.602*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 4.949.156
Retail deposits: 2.638.376
Corporate Loans: 3.488.652
Retail Loans: 549.550
Number of Employees: 429
* Total Net Profit for 2005 included
 BROJNE
POGODNOSTI ZA
KLIJENTE BANKE

Banka je osnovana 1992. godine, pod

nazivom Prva preduzetnička banka a.d., kao
mešovita banka sa ciljem pružanja usluga
preduzetnicima, malim i srednjim privatnim
preduzećima, odnosno kao banka za podsticaj
razvoja preduzetništva.
Polovinom 2003. godine, dokapitalizacijom
je izmenjena vlasnička struktura i većinski
vlasnik postala je LHB Internationale
Handelsbank AG, Frankfurt, članica
grupe Nove Ljubljanske banke, jedne od
najrazgranatijih bankarskih grupacija u
jugoistočnoj Evropi.
LHB Banka Beograd pripada grupi
univerzalnih banaka koja u svom poslovanju
ima viziju da:
• Bude uspešna banka, posebno u
kreditiranju malih i srednjih preduzeća.
• Unapređuje i dalje razvija poslove sa
stanovništvom, nudeći nove proizvode i
usluge.
• Klijentima pruža, njihovim potrebama Jugoistočnu Evropu, u saradnji sa Nemačkom
prilagođene, finansijske proizvode uz bankom za rekonstrukciju, KfW. Klijentima
kvalitetan servis. je na raspolaganju širok izbor kartica,
• Prati trendove u bankarskoj tehnologiji, namenjenih pravnim i fizičkim licima,
širi i modernizuje svoju ponudu. usluge elektronskog bankarstva, korišćenje
Iz efekata sinergije koja omogućava prekoračenja na računima i stimulativne
pripadnost bankarskoj grupaciji NLB-a, mogućnosti štednje.
koju čine i brojni pravni subjekti iz oblasti
komplementarnih bankarskoj, proizilaze
brojne pogodnosti koje su klijenti banke 31.12.2005.
prepoznali i svojim poslovima podržali. u 000 dinara
Banka obavlja tradicionalne bankarske Bilansna veličina: 9.915.363
Ukupan kapital: 1.322.602*
poslove sa naglaskom na poslovima
Struktura akcionarskog kapitala:
kreditiranja malih i srednjih preduzeća i • privatni: 100%
platnog prometa, koje obavlja u mreži od Depoziti privrede: 4.949.156
preko 55 organizacionih jedinica na teritoriji Depoziti stanovništva: 2.638.376
Republike Srbije. Krediti privredi: 3.488.652
Krediti se odobravaju iz sopstvenog Krediti stanovništvu: 549.550
Broj zaposlenih: 429
potencijala ili sredstava Evropskog fonda za 87
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 MEMBER OF THE EUROPEAN LARGEST
GROUP – CREDIT AGRICOLE
Novi Sad, Nikolajevska crkva
Meridian bank ad Novi Sad was established
in 1991. Today it operates through the
extensive network of 85 branch offices and
with another 15 currently in the process of
opening intends to broaden this network
further. The quality certificate ISO 9001 in
the domain of banking services, use of state-
of-the-art banking and IT technologies,
principal membership at MasterCard and
VISA International, as well as the national
DinaCard association are only a few of the
characteristics of the Bank. 750 high-skilled
employees are at the service of 150,000 clients
currently using the Bank’s services, and this
figure, as well as the constant inflow of new
clients, is the best testimony of the Bank’s
success and of the quality of its services.
In July 2005 Meridian bank became part of
Crédit Agricole Group, the largest European
banking group. By means of a capital injection,
88 Crédit Agricole S.A. became the owner of
71% of capital and thereby broadened its
international operations spanning over 65
countries to Serbia as well.
Meridian bank allows all private individuals
– by opening a Uniform current account
– to take advantage of a number of benefits:
from receiving 3 debit payment cards, e-bank
package, overdraft facility, package of 3 credit
cards, attractive interest rates for savings, up
to Super cash and other loans. A brand new
service on the banking market is a special
service “Come in on the 1st, and it’s done!”,
which enables all employed persons who
receive their salary through their account with
the Bank to receive the salary in full every
1st of the month. Meridian bank also offers
a complete set of services to legal entities:
payment operations both in dinars and in
foreign currency, e-banking, overdraft facility,
different loan products, documentary credit,
business payment cards, corporate cheques,
interest on funds in dinars and in foreign
currency, cash management, POS terminal
installation and possibility of approving
consumer loans at own retail premises.
Through its partnership with Crédit
Agricole, Meridian bank brings to Serbia not
only fresh financial funds, great loan potential
and financial security, but also new banking
and related products and services.
31.12.2005.
in 000 dinars
Balance Assets: 13.657.712
Total Capital: 3.442.304*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 3.047.058
Retail deposits: 5.287.219
Corporate Loans: 5.712.544
Retail Loans: 1.097.595
Number of Employees: 725
* Total Net Profit for 2005 included
 DEO NAJVEĆE EVROPSKE
GRUPE – CREDIT AGRICOLE
Meridian Bank ad Novi Sad je osnovana 1991.
godine. Danas posluje kroz razgranatu mrežu
od 85 filijala širom Srbije i sa novih 15 koje
su u procesu otvaranja. Planira da tu mrežu
i dalje proširuje. Sertifikat
kvaliteta ISO 9001 u oblasti
bankarskih usluga, korišćenje
najsavremenijih bankarskih
i IT tehnologija, principalno
članstvo u MasterCard i
VISA International, kao i
u nacionalnoj DinaCard
asocijaciji, samo su neka od
obeležja ove banke. Oko 750
zaposlenih svakodnevno su
na usluzi 150.000 korisnika
usluga Banke. Broj klijenata,
kao i stalni priliv novih,
najbolji je dokaz uspešnosti
Banke i potvrda kvaliteta
njenih usluga.
Jula 2005. Meridian Bank je postala deo
grupacije Crédit Agricole, najveće evropske
bankarske grupe. Dokapitalizacijom Banke
Crédit Agricole S.A. je postala vlasnik 71%
kapitala i time proširila svoje međunarodno
poslovanje koje obavlja u preko 65 zemalja i
na Srbiju.
Meridian
Bank svim
korisnicima,
fi z i č k i m
licima, pruža
mogućnost da
ot va ra njem
Jedinstvenog
t e k u ć e g
računa ostvare
niz pogodnosti: od dobijanja 3 debitne platne
kartice, e-bank paketa, dozvoljenog minusa,
paketa od 3 kreditne kartice, atraktivnih
kamata na štednju, do “Super keš“ i drugih
kredita. Potpuno nova usluga na
bankarskom tržištu je i specijalna
usluga “Uđeš 1. i gotovo!“, koja
omogućava svim zaposlenima
koji platu primaju preko
Banke redovnu isplatu ličnog
dohotka svakog 1. u mesecu.
Pravnim licima, Meridian
Bank, takođe, nudi kompletan
set usluga: dinarski i devizni
platni promet, elektronsko
bankarstvo, dozvoljeni minus,
različite kreditne proizvode,
dokumentarno poslovanje,
biznis platne kartice,
korporativne čekove, kamatu na
dinarska i devizna sredstva, keš
menadžment, instalaciju POS terminala i
mogućnost odobravanja potrošačkih kredita
u sopstvenim prodajnim objektima.
Meridian Bank partnerstvom sa Crédit
Agricole u Srbiju donosi ne samo sveža
finansijska sredstva, ogroman kreditni
potencijal i finansijsku sigurnost, već i nove
bankarske i srodne proizvode i usluge.
31.12.2005.
u 000 dinara
Bilansna veličina: 13.657.712
Ukupan kapital: 3.442.304*
Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 3.047.058
Depoziti stanovništva: 5.287.219
Krediti privredi: 5.712.544
Krediti stanovništvu: 1.097.595
Broj zaposlenih: 725
89
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 SUCCESSFUL
DEVELOPMENT
Metals banka ad Novi Sad was established in (money market operations), Cash transfers in
1990 and it occupies a noteworthy position at accordance with the federal Law and Other
the Serbian banking market. This position has financial services.
been strengthened recently by the acquisition The main emphasis in 2006 is funding of
of DDOR Banka and the conclusion of the SMEs and retail banking, especially retail
Agreement on Business Cooperation with the loans and
leading company in the field of insurance - Development of payment card operations
DDOR. a.d. Novi Sad. (currently Metals Banka offers Dina Card
Metals banka is authorized by The and Visa Card).
National Bank of Serbia to perform payment Also, due to extremely attractive rates on
operations as well as credit transactions with term deposits in foreign currency we have
experienced constant
growth in total foreign
currency deposits.
This year the Bank marks
its 15th Anniversary;
carrying out its business
operations through the
branch network extended
to 57 business units in 37
locations all over Serbia and
with 413 employees proves
the Bank’s successful
development, high
solvency and professional
performance.

foreign countries. We effect foreign payments

through 140 foreign banks, mostly through
Deutsche bank AG Frankfurt, Commerzbank
Frankfurt and American Express bank New 31.12.2005.
York. in 000 dinars
It is important to stress that Metals banka Balance Assets: 5.700.274
Total Capital: 2.405.953*
performs all kinds of operations, including: Equity Capital Structure:
Deposit operations, Payment operations, • Private capital: 59%
Loans operations, Incaso, Foreign exchange • Social Capital: 21%
• Other / State Owned Capital: 20%
Corporate Deposits: 2.027.482
Retail deposits: 994.185
Corporate Loans: 2.140.188
Retail Loans: 403.465
90
Number of Employees: 333
* Total Net Profit for 2005 included

Metals banka ad Novi Sad osnovana je
1990. godine, a nakon preuzimanja DTD
banke 2001. godine i DDOR banke 2005.
godine, danas zauzima značajno mesto u
bankarskom sistemu Srbije. Poseban kvalitet
čini veliki potencijal koji proizilazi iz strateškog
partnerstva sa vodećom kompanijom na polju
osiguranja - DDOR Novi Sad a.d.o.
Metals banka je registrovana za obavljanje
svih vrsta deviznih poslova, uključujući i
kreditne odnose sa inostranstvom – ima
tzv ”veliko ovlašćenje”. Platni promet sa
inostranstvom Banka
obavlja sa preko 140
korespondentskih banaka,
najčešće preko Deutsche
bank AG Frankfurt,
Commerzbank Frankfurt
i American Express bank
New York.
Banka obavlja: depozitne,
kreditne, devizne, devizno-
valutne i menjačke poslove,
poslove izdavanja hartija
od vrednosti, novčanih
kartica (emisioni poslovi),
depo-poslove, kupovinu
i prodaju hartija od
vrednosti, garancijske i poslove platnog
prometa, posredovanje i trgovinu hartijama
od vrednosti, kupovinu i naplatu potraživanja,
brokersko-dilerske poslove, kao i pružanje
drugih finansijskih usluga.
Akcenat poslovanja u 2006. godini Metals
banka stavlja na kreditiranje malih i srednjih
preduzeća i poslove sa stanovništvom,
posebno u vidu kreditiranja fizičkih lica
i razvoja poslova sa platnim karticama.
Trenutno su u ponudi paketi Visa i DinaCard
platnih kartica.
Zahvaljujući vrlo atraktivnim kamatnim
USPEŠAN RAZVOJ
stopama na oročenu deviznu štednju, Banka
beleži njen stalan porast. Poseban kvalitet se
ogleda u činjenici da ulozi, oročeni na 12 i
više meseci, u odnosu na prethodnu godinu,
beleže rast od 397,50 indeksnih poena, te da
je njihovo učešće u strukturi svih deviznih
uloga udvostručeno.
Ove godine, Banka obeležava petnaest
godina svoga postojanja. Poslovanje sa
mrežom od 52 poslovne jedinice u 36 mesta
širom Srbije, sa 418 zaposlenih, svedoči o
uspešnom razvoju.
31.12.2005.
u 000 dinara
Bilansna veličina: 5.700.274
Ukupan kapital: 2.405.953*
Struktura akcionarskog kapitala:
• privatni: 59%
• društveni: 21%
• ostali / državni: 20%
Depoziti privrede: 2.027.482
Depoziti stanovništva: 994.185
Krediti privredi: 2.140.188
Krediti stanovništvu: 403.465
Broj zaposlenih: 333 91
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 STEADY GROWTH OF QUALITY
AND NUMBER OF PRODUCTS
As of Friday, March 17 2006, Nacionalna
štedionica banka is a full member of the
Eurobank EFG Group which has, up to now,
already invested over 130 million euros
in Serbia, excluding direct institutional
investments. We already represent, the
third-largest group in terms of network
size, with approximately 100 branches and
some 1.400 personnel. The experiences that
Eurobank EFG group gained from their
foreign investments in Bulgaria, Romania,
Turkey, and now Poland, but also from their
main investments in Greece, are undeniable:
growth-oriented business model leads to
higher quality and larger product offer to the
clients, as well as job creation and job growth.
When the Eurobank EFG group first launched
its activities in 1990, it had 30 employees. In
1996 about 300, and now it employs over
16,000 individuals, in half a dozen countries
of the region.
The National Savings Bank, now a member
of Eurobank EFG group, in it’s competitive
product offer, will focus on savings and loans
to individuals, mortgage loans, purchase and
trade of old savings bonds (frozen bonds),
loans to entrepreneurs, small, medium and
large businesses, as well as new credit card
products.

31.12.2005.
in 000 dinars
Balance Assets: 11.458.917
Total Capital: 1.330.227*
Equity Capital Structure:
• Private capital: 62%
• Other / State Owned Capital: 38%
Corporate Deposits: 1.431.391
Retail deposits: 7.647.500
Corporate Loans: 1.411.871
Retail Loans: 1.718.990
92 Number of Employees: 890
* Total Net Profit for 2005 included
STALNI RAST KVALITETA
I BROJA PROIZVODA
Nacionalna štedionica je od 17. marta 2006.
godine postala punopravna članica Eurobank
EFG grupe koja je, do sada, već investirala
preko 130 miliona eura u Srbiji, ne uključujući
direktne investicije. Već sada predstavlja treću
najveću grupaciju u pogledu veličine poslovne
mreže u Srbiji, sa oko 100 ekspozitura i
1.400 zaposlenih. Iskustva koja je Eurobank
EFG grupa stekla iz svojih stranih ulaganja
u Bugarskoj, Rumuniji, Turskoj, a sada i
Poljskoj, kao i iz njenog glavnog ulaganja u
matičnoj zemlji, Grčkoj, govore za sebe više
nego dovoljno: model poslovanja orijentisan
ka razvoju dovodi do povećanja kvaliteta i
broja proizvoda u ponudi klijentima, kao i
otvaranja i porasta broja radnih mesta. Kada
je Eurobank EFG grupacija prvi put započela
svoje aktivnosti 1990. godine, imala je 30
zaposlenih. 1996. oko 300, a sada zapošljava
više od 16.000 ljudi u šest zemalja regiona.
Nacionalna štedionica, sada član Eurobank
EFG grupe, u svojoj konkurentnoj proizvodnoj
ponudi fokusira se na štednju i kreditiranje
građana, hipotekarne kredite, otkup i
trgovinu obveznicama stare devizne štednje,
kreditiranju preduzetnika, malih, srednjih
i velikih preduzeća, kao i nove proizvode iz
oblasti kartičarstva.

31.12.2005.
u 000 dinara
Bilansna veličina: 11.458.917
Ukupan kapital: 1.330.227*
Struktura akcionarskog kapitala:
• privatni: 62%
• ostali / državni: 38%
Depoziti privrede: 1.431.391
Depoziti stanovništva: 7.647.500
Krediti privredi: 1.411.871
Krediti stanovništvu: 1.718.990
Broj zaposlenih: 890
93
* Uključena je ukupna akumulirana dobit
za 2005. godinu

National Bank of Greece is among the
most prestigious financial institutions in
Greece which has been operating for three
years now in Serbia. Founded in 1841, it is
steadily developing, expanding the scope of
its banking products and services, uniting a
number of financial organizations within its
system.
This bank is at present the leading banking
group in Greece and the biggest in the
Balkans, with branches in Bulgaria, Turkey,
Romania, Albania, FYR of Macedonia and
Serbia. It also has considerable presence
in major international financial centers,
such as London, Frankfurt and New York.
The international network of the Bank
encompasses 934 business units in 11
countries on four continents. Thus NBG has
unique opportunity to use its financial power
towards economic progress and prosperity of
this region.
The first branch in Belgrade was opened in
January 2002. Its network currently consists
of 25 branch offices, of which 12 in Belgrade,
94
BIGGEST IN
THE BALKANS
2 in Novi Sad and one each in almost all
major cities in Serbia: Niš, Kragujevac,
Kruševac, Šabac, Čačak, Subotica, Novi
Pazar, Požarevac, Zrenjanin, Vranje, Sombor
and Kraljevo. The Bank in Serbia provides
international, corporate and retail services.
It has numerous attractive new products,
such as housing, consumer and other loans to
individuals, as well as payment cards.
Among the special activities of the Bank was
sponsorship of the Serbia and Montenegro
Olympic team at the Olympic Games 2004 in
Athens. On that occasion NBG provided full
support to the national team and its efforts to
achieve the desired results.
The main goals of the National Bank of Greece
include integration of Serbia and Montenegro
into international financial processes and
support in helping the country assume its
new place in modern world, establishing and
expanding new forms of cooperation in the
Balkans and in the European Union region.
31.12.2005.
in 000 dinars
Balance Assets: 15.292.591
Total Capital: 1.962.920*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 1.253.397
Retail deposits: 2.275.077
Corporate Loans: 2.013.999
Retail Loans: 7.095.292
Number of Employees: 317
* The item of Total capital has not been
corrected by Total loss for 2005

Nacionalna banka Grčke je jedna od
najprestižnijih finansijskih institucija u Grčkoj
koja već četri godine posluje i na prostoru
Srbije. Osnovana je 1841. godine i neprestano
se razvija šireći lepezu svojih bankarskih
proizvoda i usluga, objedinjavajući u svom
sistemu više finansijskih organizacija.
Danas je ova banka prva među bankarskim
grupacijama u Grčkoj i najveća na Balkanu sa
ograncima u Bugarskoj, Turskoj, Rumuniji,
Albaniji, BRJ Makedoniji i Srbiji sa više od
290 poslovnica. Ima značajno prisustvo i u
vodećim svetskim finansijskim centrima,
poput Londona, Frankfurta i Njujorka. Svetska
mreža Banke obuhvata 934 poslovne jedinice
u 11 zemalja i na 4 kontinenta. NBG tako ima
jedinstvenu mogućnost da svoju finansijsku
moć upotrebi u ostvarivanju ekonomskog
uspeha i napretka ovog regiona.
U januaru 2002. godine otvorena je prva
filijala u Beogradu. Trentno njenu mrežu čine
26 ekspozitura, od toga 11 u Beogradu, 2 u
NAJVEĆA NA
BALKANU
Novom Sadu i Nišu i po jedna u skoro svim
značajnijim centrima Srbije: Nišu, Kragujevac,
Kruševac, Šabac, Čačak, Subotica, Novi
Pazar, Požarevac, Zrenjanin, Vranje, Sombor i
Kraljevo. U Srbiji Banka pruža usluge iz oblasti
poslovanja sa inostranstvom, privredom i
stanovništvom. Ima brojne atraktivne i nove
proizvode kao što su stambeni, potrošački i
krediti građanima za ostale namene, kao i
platne kartice.
Jedna od specijalnih aktivnosti banke
je i sponzorstvo olimpijskog tima SCG na
Olimpijskim igrama u Atini 2004. godine.
NBG je, tom prilikom, dala punu podršku
nacionalnom timu i njihovim nastojanjima
da postignu željeni uspeh.
Među osnovnim ciljevima Nacionalne
banke Grčke je uključivanje i integracija SCG
u svetske finansijske tokove i pomoć da kao
zemlja zauzme svoje mesto u modernom
svetu, uspostavi i širi nove vidove saradnje na
Balkanu i u Evropskoj zajednici.
31.12.2005.
u 000 dinara
Bilansna veličina: 15.292.591
Ukupan kapital: 1.962.920*
Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 1.253.397
Depoziti stanovništva: 2.275.077
Krediti privredi: 2.013.999
Krediti stanovništvu: 7.095.292
Broj zaposlenih: 317
* Ukupni kapital nije korigovan za 95
finansijski rezultat u 2005. godini
 FROM TRADITION TO
MODERN BANKING
Niška banka a.d. Niš has the longest tradition
in the region of south and southeast Serbia. As
a universal-type bank, it deals with over 15.000
clients and about 100.000 citizens, offering
the following banking services: corporate and
retail banking, clearing system operations in
the country and abroad, and dealing with
securities. The Bank has developed a network
of three main branches, four operating units,
ten subunits and eight counters spreading
across five districts (nišavski, pirotski,
toplički, pčinjski and timočki), in the area
of over 10.000 sq.m. and almost one million
citizens. Since August 23 1999, the Bank
has been operating in accordance with the
Certificate JUS ISO 9001:2001, and a quality
system of management correlate with the
international standards. The business being
performed daily is directed towards the
constant strengthening of deposit function
and forming of lending potential which
96 secures a stable liquidity with its scope and
term structure.
Following new trends and customer
requests, Niska bank has developed a new
product for electronic online banking,
called eBank. This real-time solution which
facilitates paying within the clearing system,
as well as offering the usage of
debit and credit Dina payment
card, cash dispensers, and POS
terminals, are all constituent
parts of the Bank’s everyday
activity by way of which it
successfully takes up positions
among the strong domestic
and foreign competitors. Stable
banking, developed network,
professional management and
experts all ensure a high degree
of security to clients.
On December 23, 2005
Niska bank was privatized by
Hungarian OTP bank. Closing
of the deal took place on March
7, 2006 and OTP is currently
taking over all responsibilities for the financial
institution and it is in their intention to
transform a step by step into a well managed,
reputable bank will nation wide operations.
31.12.2005.
in 000 dinars
Balance Assets: 3.231.674
Total Capital: 1.555.069*
Equity Capital Structure:
• State Owned Capital-Other: 100%
Corporate Deposits: 304.678
Retail deposits: 755.998
Corporate Loans: 195.114
Retail Loans: 403.992
Number of Employees: 512
* Total Net Profit for 2005 included
 OD TRADICIJE DO MODERNOG
BANKARSTVA
Niška banka a.d. Niš je banka sa najdužom mreža, profesionalni menadžment i stručni
tradicijom u regionu istočne i jugoistočne kadrovi pružaju klijentima veliku sigurnost.
Srbije. Kao banka univerzalnog tipa, ona Decembra 2005. Nišku banku je privatizovala
posluje sa preko 15.000 klijenata i oko mađarska OTP banka. Marta ove godine ovaj
100.000 građana kojima pruža usluge iz posao je okončan i OTP je preuzela celokupnu
bankarskog poslovanja: poslovi sa privredom, odgovornost za ovu finansijsku instituciju i
sa stanovništvom, platni promet u zemlji i namera joj je da je postepeno transformiše u
sa inostranstvom i poslovanje sa hartijama dobro organizovanu banku sa reputacijom i
od vrednosti. Banka posluje preko razvijene da se proširi na celu teritoriju zemlje.
mreže od tri glavne filijale, četiri poslovne
jedinice, deset ekspozitura
i osam isturenih šaltera,
kojom pokriva pet regiona
(nišavski, pirotski, toplički,
pčinjski i timočki) na
površini od preko 10.000
kvadratnih kilometara i sa
skoro milion stanovnika.
Banka je sertifikovana
po JUS ISO 9001 : 2001 i
ima uspostavljen sistem
menadžmenta kvalitetom
koji je u saglasnosti
sa međunarodnim Niš, ulaz u tvrđavu

standardom. Poslovanje
Niške banke je usmereno
na stalno jačanje depozitne
funkcije i formiranje
kreditnog potencijala koji
joj, svojim obimom, ročnošću i namenskom
strukturom, obezbeđuje stabilnu likvidnost. 31.12.2005.
Banka je modernizovala svoje poslovanje u 000 dinara
prateći svetske trendove u bankarstvu. Bilansna veličina: 3.231.674
Ukupan kapital: 1.555.069*
Primena e-bank sistema plaćanja u platnom
Struktura akcionarskog kapitala:
prometu i za fizička lica, debitne i kreditne • državni-ostali: 100%
Dina Card platne kartice, bankomati i POS Depoziti privrede: 304.678
terminali su sastavni deo svakodnevnog Depoziti stanovništva: 755.998
poslovanja banke koja uspešno osvaja svoje Krediti privredi: 195.114
pozicije u uslovima jake domaće i strane Krediti stanovništvu: 403.992
Broj zaposlenih: 512
konkurencije. Stabilno poslovanje, razvijena 97
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 WIDE ARRAY OF SERVICES
IN COMMERCIAL AND
INVESTMENT BANKING
Panonska Banka has been successfully
operating on domestic market for more than
three decades as a universal bank, which brings
together the activities of commercial and
investment banking in its business operations.
Panonska Banka represents a business system
with a well developed personnel structure.
The Bank is traditionally oriented towards
private, small and medium size companies and
entrepreneurs, as well as towards profitable
privatized companies at the territory on
which it is present. Registered firms can
obtain short-term loans for financing current
liquidity and working capital, investment in
agricultural production, pre-export activities,
financing export and for other purposes.
Sound and solvent clients are in position
to acquire mid- and long-term credit lines
for financing production, investments in
fixed assets, participation in privatization
and other types of loans. Through the so-
Panonska banka ad
21000 Novi Sad
Bulevar oslobođenja 76
Tel. +381 21 4887 100
98
e-mail: info@panban.co.yu
www.panban.co.yu
called indirect lending, i.e., on the basis of
guarantees towards other creditors, Panonska
Banka also provides their clients with more
favorable financial facilities to enable them
to realize their undertakings and projects. At
present the Bank provides financial services
for more than 12,000 corporate and 130,000
retail clients.
The Bank constantly expands its range
of products for retails clients. Citizens may
apply for consumer and cash loans, as well
as for long-term housing loans, loans for
the purchase of durable consumer goods
and for share acquisition. Panonska banka
was among the first banks to take part in
process of licensing for issuing debit cards.
To its retail clients the Bank offers Visa
Classic, Visa Electron, Visa Internet and Visa
Business for corporate clients. From the very
beginning the bank has been involved in the
process of issuing domestic debit and credit
card – DinaCard. All clients are offered the
Western Union service, SMS service, as well
as electronic money transfers in dinars and
hard currency.
31.12.2005.
in 000 dinars
Balance Assets: 13.172.720
Total Capital: 2.478.263*
Equity Capital Structure:
• Private capital: 13%
• Other / State Owned Capital: 87%
Corporate Deposits: 2.864.927
Retail deposits: 2.556.041
Corporate Loans: 4.885.138
Retail Loans: 615.097
Number of Employees: 590
* The item of Total capital has not been
corrected by Total loss for 2005
 ŠIROK SPEKTAR USLUGA
KOMERCIJALNOG I INVESTICIONOG
BANKARSTVA
Više od tri decenije Panonska banka uspešno prvim bankama koje su aktivirale procese
posluje na domaćem tržištu kao univerzalna licenciranja za izdavanje platnih kartica.
banka objedinjujući u svom poslovanju Trenutno, svojim klijentima nudi Visa
aktivnosti komercijalnog i investicionog Classic, Visa Electron i Visa Internet kartice
bankarstva. Panonska banka predstavlja namenjene fizičkim licima i Visa Business
poslovni sistem sa izgrađenom kadrovskom kartice namenjene korporativnim klijentima.
strukturom, koju odlikuje visok stepen Od samog početka je uključena i u projekat
stručnosti, profesionalnosti i korporativne izdavanja debitne i kreditne DinaCard
lojalnosti. kartice. Pored toga, svojim klijentima Banka
Banka je tradicionalno usmerena na pruža usluge Western Union transfera novca,
finansiranje privatnih malih, srednjih SMS servisa i elektronskog bankarstva, u
preduzeća i preduzetnika, i profitabilnih dinarskom i deviznom platnom prometu.
privatizovanih preduzeća na
područjima gde je snažno
prisutna. Odobrava kratkoročne
kredite preduzećima za tekuću
proizvodnju i obrtna sredstva,
investiranje u poljoprivrednu
proizvodnju, pripremu izvoza
i izvoz, kao i za ostale namene.
Jaki i solventni klijenti mogu
dobiti srednjoročni i dugoročni
kredit za proizvodnju, ulaganje
u osnovna sredstva, učešće u
privatizaciji i druge vrste kredita.
Kroz forme tzv. indirektnog
kreditiranja, odnosno na
bazi garancija prema drugim kreditorima,
Panonska banka takođe obezbeđuje svojim
klijentima povoljnije finansijske izvore za 31.12.2005.
realizaciju njihovih poslovnih poduhvata. u 000 dinara
Danas, finansijski servis Banke koristi preko Bilansna veličina: 13.172.720
Ukupan kapital: 2.478.263*
12.000 korporativnih klijenata i više od Struktura akcionarskog kapitala:
130.000 građana. • privatni: 13%
• ostali / državni: 87%
Banka konstantno širi spektar finansijskih Depoziti privrede: 2.864.927
usluga namenjenih građanima. Građani Depoziti stanovništva: 2.556.041
u ponudi imaju kratkoročne potrošačke i Krediti privredi: 4.885.138
Krediti stanovništvu: 615.097
gotovinske kredite, dugoročne stambene Broj zaposlenih: 590
kredite, kredite za kupovinu trajnih potrošnih * Ukupni kapital nije korigovan za 99

dobara i akcija preduzeća. Bila je među finansijski rezultat u 2005. godini

 NEW NEEDS, NEW SOLUTIONS
Piraeus Group strengthened its position in Bank plans to have the total of thirty branches
South Eastern Europe in 2005. After Piraeus in all major towns of Serbia by the end of 2006.
Bank became the owner of 88.23% of shares The Bank currently has twenty business units
in Serbian bank Atlas, a decision to change and fifteen ATMs. By expanding its network
the name to Piraeus Atlas Bank was reached. and offer, the Bank meets requirements of
By entering the Group, Piraeus Atlas Bank private and legal entities of all sizes and
is provided with an opportunity to expand structures on a daily basis.
its credit potential and portfolio, as well as to Piraeus Group ended 2005 with improved
increase banking operations in the business results compared with 2004. Net Profits
and the retail sector, especially in regard to doubled (an increase of 107%), assets grew by
long-term housing loans and middle-term 40%, the network was expanded by 45%, and
retail loans. The Bank’s portfolio includes the number of employees rose by 37%.
diverse types of products whose advantages are
reflected in acceptable interest rates, favorable
repayment periods,
lowest charges and
the minimum of
repayment guarantee
instruments. The
overall portfolio of
Piraeus Atlas Bank
is adjusted to the
market and current
needs of citizens of
Serbia, regardless
of whether they the
Bank’s clients or
not.
Early this year,
Piraeus Atlas Bank
has initiated expansion of its network. Several 31.12.2005.
branches have been opened, and Piraeus Atlas in 000 dinars
Balance Assets: 8.521.680
Total Capital: 1.661.804*
Equity Capital Structure:
PIRAEUS ATLAS BANK
• Private capital: 100%
Kolarčeva 1, 11000 Belgrade Corporate Deposits: 5.665.032
Phone: + 381 11 3024 000, Retail deposits: 667.375
Corporate Loans: 4.675.682
+ 381 11 3024 037 Retail Loans: 456.223
100 Number of Employees: 220
Fax: + 381 11 3024 040
* Total Net Profit for 2005 included
www.piraeusbank.co.yu
 NOVE POTREBE, NOVA REŠENJA
Piraeus Grupa je u toku 2005. godine ojačala minimalnim instrumentima obezbeđenja
svoju poziciju u jugoistočnoj Evropi. Piraeus naplate. Kompletna ponuda Piraeus Atlas
banka je postala vlasnik 88,23 odsto akcija banke prilagođena je tržištu i aktuelnim
srpske Atlas banke, kada je i doneta odluka potrebama građana Srbije, bez obzira da li su
o promeni naziva banke u novo ime - Piraeus oni klijenti banke ili ne.
Atlas banka. Početkom ove godine Piraeus Atlas banka je
Piraeus Atlas banci je, ulaskom u Grupu, započela širenje mreže, otvoreno je nekoliko
omogućeno proširenje kreditne sposobnosti poslovnica, a u planu je trideset do kraja
i kreditnih portfolija, povećanje bankarskog godine u svim većim gradovima Srbije. Banka,
poslovanja sa privredom i stanovništvom, u ovom trenutku, ima dvadeset poslovnih
gde su naročito do izražaja došli dugoročni jedinica i petnaest bankomata. Proširenjem
stambeni krediti, kao i srednjoročni krediti za svoje mreže i ponuda, Banka svakodnevno
stanovništvo. Banka u svojoj ponudi ima razne izlazi u susret zahtevima fizičkih i pravnih
vrste proizvoda čije se povoljnosti ogledaju u lica različitih veličina i struktura.
prihvatljivijim kamatnim stopama, povoljnim Piraeus Grupa je 2005. godinu završila sa
rokovima otplate, najnižim naknadama i rezultatima koji beleže porast u odnosu na
2004. godinu.
Neto dobit
se više nego
udvostručila
(povećanje od 107
odsto), zabeležen
je porast aktive
od 40 odsto,
proširena je
mreža za 45 odsto
i broj zaposlenih
je porastao za 37
odsto.

31.12.2005.
u 000 dinara
Bilansna veličina: 8.521.680
Ukupan kapital: 1.661.804*
Nove potrebe. Nova rešenja. Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 5.665.032
Kolarčeva 1, 11000 Beograd
Depoziti stanovništva: 667.375
Tel: + 381 11 3024 000, Krediti privredi: 4.675.682
+ 381 11 3024 037 Krediti stanovništvu: 456.223
Broj zaposlenih: 220 101
Fax: + 381 11 3024 040 * Uključena je ukupna akumulirana dobit
www.piraeusbank.co.yu za 2005. godinu

The Postal Savings Bank j.s.c. started its
operations back in 1921. Today, it is a modern
commercial bank constituted as a joint stock
company.
The Postal Savings Bank j.s.c. is the leader in
retail operations since every second resident
in Serbia uses the services of our Bank.
Governed by the principle that «only a
satisfied client is a good client», the Postal
Savings Bank j.s.c intensified its activities
developing a network of branches and branch
offices as well as efficient and operational
communications through «virtual counters»
- Homeb@nking system, Internet services,
using of SMS messages, corporative e-
banking, etc.
The modern electronic payment operations
in the country and abroad and all the banking
102 services such as: dinar and foreign currency
savings, current and foreign currency
EVERY SECOND
CITIZEN IN
SERBIA USER OF
THE SERVICES
accounts, domestic and world most renowed
smart cards brands, foreign currency transfers
and payments, credit lines for retail and
corporate clients, issue of guarantees as well
as activities related to securities are only a
part of the wide range of Postal Savings Bank
j.s.c. banking services.
The Postal Savings Bank j.s.c is your Bank,
we are the guarantee of your success.
31.12.2005.
in 000 dinars
Balance Assets: 14.439.179
Total Capital: 1.574.162*
Equity Capital Structure:
• Social Capital: 100%
Corporate Deposits: 780.333
Retail deposits: 8.500.679
Corporate Loans: 1.823.901
Retail Loans: 5.239.339
Number of Employees: 1.346
* Total Net Profit for 2005 included
 SVAKI DRUGI
STANOVNIK
SRBIJE KORISNIK
USLUGA
Svoje poslovanje Poštanska štedionica najvećih svetskih brendova, devizni transferi,
započinje davne 1921. godine. Danas, ona kreditne linije za privredu i stanovništvo,
predstavlja modernu poslovnu banku, nastalu izdavanje garancija, rad sa hartijama od
na temeljima akcionarskog društva. vrednosti, samo su deo bankarske ponude
Poštanska štedionica je lider u poslovanju Poštanske štedionice.
sa stanovništvom, što potvrđuje činjenica Poštanska štedionica je angažovana da
da je svaki drugi stanovnik u Srbiji korisnik prepozna sve potrebe svojih sadašnjih ali i
njenih usluga. budućih partnera i da odgovori na njihove
Usvajajući princip da je “zadovoljan klijent zahteve. Zbog toga je, s pravom, njen moto:
– dobar klijent“, Poštanska štedionica je “Poštanska štedionica je Vaša banka, mi smo
intenzivirala aktivnosti na razvoju poslovne garancija za Vaš uspeh“.
mreže filijala i ekspozitura i
mogućnost efikasne i operativne
komunikacije preko “virtuelnih
šaltera“ - Homeb@nking sistema,
Internet usluga, korišćenja SMS
poruka, korporativnog e-bankinga
itd.
Savremeni elektronski platni
promet u zemlji i inostranstvu i
sve bankarske usluge: dinarska i
devizna štednja, tekući i devizni
računi, platne kartice domaćih i

31.12.2005.
u 000 dinara
Bilansna veličina: 14.439.179
Ukupan kapital: 1.574.162*
Struktura akcionarskog kapitala:
• društveni: 100%
Depoziti privrede: 780.333
Depoziti stanovništva: 8.500.679
Poštanska štedionica Krediti privredi: 1.823.901
Kraljice Marije 3 Krediti stanovništvu: 5.239.339
Broj zaposlenih: 1.346 103
11000 Beograd * Uključena je ukupna akumulirana dobit
www.posted.co.yu za 2005. godinu
 EQUITY GROWTH AND
SUCCESSFUL BUSINESS
– MAJOR PRIORITIES
The Bank was established in January 1972
as a branch of Privredna banka Sarajevo.
Thanks to successful work, the Bank has
acquired its own clients and capital. In Year
1978 the Bank has acquired the status of legal
person and as the Basic Bank Belgrade the
Bank has conducted banking operations till
the end of 1989.
Beginning with 1990 the Bank works
independent under the name PRIVREDNA
BANKA BEOGRAD as a joint stock
company.
In the previous work, the main bank’s
priority was to make the share capital stronger
and to work successfully in accordance with
PRIVREDNA BANKA
BEOGRAD A.D.
Beograd, ul. Bul. oslobođenja 4
tel. 2657-064, 2641-992
fax: 2641-699, 2641-894
104
office@pbbad.com
www.pbbad.com
the international regulations in the banking
field.
The Bank has 275 shareholders.
During all previous years we put great efforts
to work with so much as possible clients,
taking into consideration all their needs and
interests. The Bank provides banking services
in 14 Belgrade branches.
The Bank is successful and competitive in
providing of all types of banking services
as: deposits, loans, foreign exchange
transactions, demand deposits, short-term
deposits, guarantees, e-banking and info
log-in plus, WESTERN UNION-fast money
transferring.
The Bank disposes of
modern equipment and
IT systems, as well as
skilled personnel.
The Bank has the big
licence for dealings in
foreign exchange, as well
as for broker transactions
and it is a member of The
Belgrade Stock Exchange.
31.12.2005.
in 000 dinars
Balance Assets: 4.717.987
Total Capital: 1.036.538*
Equity Capital Structure:
• Private capital: 53%
• Social Capital: 23%
• Other / State Owned Capital: 24%
Corporate Deposits: 2.120.717
Retail deposits: 1.286.806
Corporate Loans: 929.717
Retail Loans: 380.229
Number of Employees: 240
* Total Net Profit for 2005 included
 JAČANJE AKCIONARSKOG
KAPITALA I USPEŠNO POSLOVANJE
– GLAVNI PRIORITETI
Banka je počela sa radom u januaru 1972. Banka je uspešna i konkurentna u obavljanju
godine kao Filijala Beograd Privredne banke svih bankarskih poslova: depozitnih,
Sarajevo. kreditnih, deviznih, devizno valutnih i
Uspešno radeći, stičući klijentelu i kapital, menjačkih, emisionih, depo, garancijskih,
Banka je 1978. godine stekla status pravnog brokersko-dilerskih, kartičarstva, e-banking
lica i kao Osnovna banka Beograd, u i infologin plus, brzog slanja novca - Western
sistemu Privredne banke Sarajevo, obavljala Union.
bankarske poslove do kraja 1989. godine. Raspolaže savremenom opremom,
Počev od 1990. godine posluje samostalno, informacionim sitemom i edukovanim
pod nazivom Privredna banka Beograd, kadrom. Banka ima veliko ovlašćenje
a po obliku je akcionarsko društvo. U za obavljanje deviznih poslova kao i za
dosadašnjem radu glavni prioritet Banke bio obavljanje brokersko-dilerskih poslova i član
je da jača akcionarski kapital i da uspešno je Beogradske berze.
posluje u skladu sa domaćim
i međunarodnim propisima
iz oblasti bankarstva.
Ima ukupno 275 akcionara.
Svih ovih godina zaposleni
u banci su se trudili da
sarađuju sa što više klijenata
uvažavajući njihove
potrebe i interese. Banka
klijentima pruža usluge u
ekspoziturama, na četrnaest
lokacija u Beogradu.

31.12.2005.
u 000 dinara
Bilansna veličina: 4.717.987
Ukupan kapital: 1.036.538*
PRIVREDNA BANKA Struktura akcionarskog kapitala:
• privatni: 53%
BEOGRAD A.D. • društveni: 23%
• ostali / državni: 24%
Beograd, ul. Bul. oslobođenja 4 Depoziti privrede: 2.120.717
tel. 2657-064, 2641-992 Depoziti stanovništva: 1.286.806
Krediti privredi: 929.717
fax: 2641-699, 2641-894 Krediti stanovništvu: 380.229
Broj zaposlenih: 240 105
office@pbbad.com * Uključena je ukupna akumulirana dobit
www.pbbad.com za 2005. godinu
 THE GUARDIAN OF THE
BANAT TREASURE
The Privredna banka ad Pančevo, “The
Guardian of the Banats Treasure”, one of the
oldest banks in the region has 137 years long
tradition. Today operates as the most modern
bank relied on the very strong and powerful
hardware, system software,
intranetted business units
and branch offices as well
as on the most modern on-
line telecommunication
connection with every
relevant financial institution
in the country, partner
and other foreign banks. It
enables harmonious and safe
operation of the banking
team and transactions as
quick as lightening.
A 137- year tradition
makes the bank a secure
and reliable partner on the
highly competitive market
of financial institutions. A rich experience,
efficiency, speed and quality associated the
bank with its many clients on a long-terms
basis, justifying their trust. The dynamic and
permanent creation of new banking products,
as well as modern IT equipment and an external
communications network, are the basis for
the banks further development. Considering
that the bank has been operating in this
Privredna Banka AD Pančevo
Trg Slobode 2-6,26000 Pančevo
Tel:+381 13 305 700
Fax:+381 13 343 050, 343 077
info@pbp.co.yu
106
pbp.marketing@pbp.co.yu
www.pbp.co.yu
area since the 19th century and managed to
resist all changes in the social, economic and
technologic spheres, Privredna Banka AD
Pančevo, led by its successful management
team, is ready for new challenges and visions
of banking.
As part of its further
development, Privredna
Banka AD Pancevo is
planning to increase the
number of electronic
services and offer various
new packages for clients,
including both corporate and
retail clients. The emphasis
of the future operation will
also be set on dealing with
all types of securities and
other financial derivates.
Traditionally excellent
communications with retail
clients resulted in almost
100.000 accounts opened by citizens, which
is an enviable figure considering the relatively
small network. This fact is naturally guiding
the bank to intensify Retail Banking and
become an institution which will enable its
clients to leave their financial matters to be
attended to by the Bank.
31.12.2005.
in 000 dinars
Balance Assets: 4.193.784
Total Capital: 2.500.132*
Equity Capital Structure:
• Social Capital: 7%
• Other / State Owned Capital: 93%
Corporate Deposits: 224.116
Retail deposits: 497.452
Corporate Loans: 1.454.832
Retail Loans: 280.728
Number of Employees: 424
* Total Net Profit for 2005 included
 ČUVAR BANATSKOG BLAGA
Privredna banka ad Pančevo, “Čuvar
banatskog blaga” je jedna od najstarijih
banaka u regionu, koja danas posluje kao
savremena banka sa snažnim hardverom,
sistemskim softverom, umreženim
poslovnim jedinicama i ekspoziturama
i najsavremenijom telekomunikacionom
online vezom sa relevantnim finansijskim
institucijama u zemlji, partnerskim i stranim
bankama. To omogućava harmoničan i
siguran rad bankarskog tima i munjevitu
brzinu svih transakcija.
Tradicija duga 137 godina svrstava Banku u
pouzdanog i sigurnog partnera na izuzetno
konkurentnom tržištu finansijskih institucija.
Bogato iskustvo, efikasnost, brzina i kvalitet
trajno su vezale za Banku veliki broj klijenata
i opravdale njihovo povernje. Dinamičnost i
stalno kreiranje novih bankarskih proizvoda
osnov su za dalji razvoj Banke. Banka je na
ovim prostorima prisutna tri veka odolevajući
svim promenama u društveno ekonomskom i
tehnološkom okruženju, spremna je, vođena
uspešnim menadžerskim timom, za nove
izazove i vizije bankarskog poslovanja.
U daljem razvoju planira se širenje obima
elektronskog servisa i pružanje više različitih
paketa usluga klijentima i to, kako pravnim
licima i preduzetnicima, tako i građanima.
Akcenat u budućem radu staviće se i na
poslove sa svim vrstama hartija od vrednosti
i drugih finansijskih derivata. Tradicionalno
dobra komunikacija između klijenata i Banke
rezultira u skoro 100.000 otvorenih računa
građana što je, obzirom na relativno malu
poslovnu mrežu, zavidan broj. Ova činjenica
svakako trasira dalji razvojni put Banke, u
pravcu intenziviranja retail bankinga, pored
corporate i e bankinga. To će omogućiti
prerastanje u instituciju koja će klijentima
omogućiti da svoje ukupno finansijsko
poslovanje u potpunosti prepusti Banci.
31.12.2005.
u 000 dinara
Bilansna veličina: 4.193.784
Ukupan kapital: 2.500.132*
Struktura akcionarskog kapitala:
• društveni: 7%
• ostali / državni: 93%
Depoziti privrede: 224.116
Depoziti stanovništva: 497.452
Krediti privredi: 1.454.832
Krediti stanovništvu: 280.728
Broj zaposlenih: 424 107
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 BANKS THAT MAKE
A DIFFERENCE
ProCredit Bank is a development-oriented
full-service bank. We offer excellent customer
service and a wide range of banking products.
In our credit operations, we focus on lending
to micro, small and medium-sized enterprises,
as we are convinced that these businesses
create the largest number of jobs and make a
vital contribution to the economies in which
they operate. Our bank explicitly avoids
all speculative lines of business and issues
large loans only in exceptional cases, thus
minimizing the risk associated with such
activities.
ProCredit Bank offers both retail and
corporate banking products: ProBiznis
SME loans, ProAgro loans for agriculture,
ProAktiv Komfor housing improvement
loans, ProAktiv Dom housing loans,
ProAktiv Market consumer loans. ProCredit
Bank also offers attractive savings and TDA
rates. When it comes to payment cards,
the bank offers most popular worldwide
brands: Visa, MasterCard and Diners. Apart
from these products, ProCredit Bank offers
money transfers, national and international
payments, documentary business, e-banking,
services tailored to our citizens working
abroad, NGOs and embassies.
Currently, ProCredit Bank operates in 33
branches in 22 towns across Serbia. By the
end of 2006. the bank plans to open another
15 branches.
Bulevar Despota Stefana 68c,
Belgrade
Tel: 011/2077 906
Fax: 011/2077 905
108
info@procreditbank.co.yu
www.procreditbank.co.yu
Our shareholders - most of whom are major,
well-established international institutions
- expect a sustainable return on investment,
but are not primarily interested in short-
term profit maximization. The shareholders
of ProCredit Bank are leading international
investors and financial institutions that
share common values and strategic goals.
They include public institutions like KfW
and EBRD as well as private investors like
ProCredit Holding and Commerzbank AG.
Together they ensure that ProCredit Bank
maintains its target group focus while at
the same time engaging in sound, profitable
banking operations.
ProCredit Bank in Serbia is the first bank
that obtained a working license from National
Bank of Serbia upon democratic changes
during 2000. and it is a part of ProCredit
Group consisting of 19 financial institutions
operating on three continents: Europe, Latin
America and Africa. The Group has a common
corporate mission: all members of the
Group are development oriented institutions
offering an excellent customer services and a
wide range of banking products. In its credit
operations, the Bank is focused on micro,
small and medium enterprises.
31.12.2005.
in 000 dinars
Balance Assets: 23.527.319
Total Capital: 2.363.378*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 3.500.690
Retail deposits: 9.014.073
Corporate Loans: 169.454.956
Retail Loans: 11.159.223
Number of Employees: 791
* Total Net Profit for 2005 included
 SVET POKREĆEMO
ZAJEDNO
ProCredit banka je razvojno orijentisana ciljnoj grupi, dok u isto vreme ulažu u stabilne
banka koja pruža kompletan paket usluga. i profitabilne bankarske poslove.
Klijentima nudi odličnu uslugu i širok U Srbiji ProCredit je prva banka koja je
spektar bankarskih proizvoda. U kreditnim dobila licencu za rad Narodna banke Srbije
poslovima se fokusiramo budući da smo posle demokratskih promena oktobra 2000.
na kreditiranje mikro, malih i srednjih i deo je ProCredit grupe od 19 finansijskih
preduzeća, budući da su ubeđeni da upravo institucija koje posluju na tri kontinenta:
ovaj sektor privrede otvara nova radna Evropa, Južna Amerika i Afrika. Grupa ima
mesta i daje doprinos od vitalnog značaja za zajedničku korporativnu misiju: sve članice
privredu u kojoj posluje. grupe su razvojne finansijske institucije koje
ProCredit banka nudi proizvode i za nude odlične usluge klijentima i širok spektar
privredu i za stanovništvo, tako i za bankarskih proizvoda.
privredu: kredite za mala i
srednja preduzeća, kredite
za poljoprivredu, kredite za
adaptaciju poslovnog i stambenog
prostora, stambene kredite,
potrošačke kredite. ProCredit
banka ima i veoma atraktivne
kamatne stope na štednju po
viđenju i oročenu štednju. Od
platnih kartica, klijentima su na
raspolaganju najpoznatiji svetski
brendovi: Visa, MasterCard
i Diners. Pored ovih usluga,
ProCredit banka obavlja transfere
novca, domaći i međunarodni
platni promet, dokumentarno
poslovanje, e-banking, usluge prilagođene
31.12.2005.
dijaspori, kao i nevladinim organizacijama i u 000 dinara
ambasadama. Bilansna veličina: 23.527.319
Trenutno ima 33 ekspoziture u 22 grada Ukupan kapital: 2.363.378*
širom Srbije. Do kraja 2006. banka planira da Struktura akcionarskog kapitala:
• privatni: 100%
otvori još 15 ekspozitura. Depoziti privrede: 3.500.690
Među akcionarima su državne institucije Depoziti stanovništva: 9.014.073
poput KfW i Evropske banke za obnovu i Krediti privredi: 169.454.956
razvoj, kao i privatni investitori - ProCredit Krediti stanovništvu: 11.159.223
Broj zaposlenih: 791
Holding i Commerzbank AG. Svi oni zajedno 109
* Uključena je ukupna akumulirana dobit
teže da ProCredit Banka održi fokus ka svojoj za 2005. godinu
 LEADING BANK IN SERBIA
Raiffeisenbank a.d., Belgrade, is the leading
bank in Serbia and Montenegro according
to total assets, credit volume and deposits
collected. It is a member of Raiffeisen
International, one of the largest banking
groups in Central and Eastern Europe, and a
part of the RZB Group.
Raiffeisenbank started its business activities
in Serbia in July 2001, as the first bank
founded with 100% foreign capital. The bank’s
shareholders are Raiffeisen International,
owning 90% in the capital structure, and the
International Finance Corporation, member
of the World Bank, with 10% of shares.
Raiffeisenbank a.d., Belgrade, develops its
activities in several segments: corporate, retail,
110
SME and treasury and investment banking.
The bank offers all types of banking services
to its clients in accordance with Western
service standards, whilst understanding the
specifics and possibilities offered in the local
banking market.
The Corporate Banking Division works with
3.000 clients, among which are the largest and
the most successful companies present in the
Serbian market, both domestic and foreign.
More than 75% of the biggest foreign investors
in Serbia bank with Raiffeisenbank. The SME
Division has around 11.000 clients, while the
Retail Division now acquired around 300.000
clients, with constant and intensive increase
in client number.
Raiffeisenbank finished the year 2005.
with a total of 44 branch offices across
Serbia. The ambitious plan is to increase
the number of branches to 100 by the
year 2008. Raiffeisenbank’s market
share in Serbia ranges between 18 to
20%. Numerous awards are proof of the
bank’s success – the financial magazines
Euromoney, The Banker, Global Finance
and Finance Central Europe awarded
Raiffeisenbank a.d., Belgrade, the title of
best bank in Serbia and Montenegro in
2005.
31.12.2005.
in 000 dinars
Balance Assets: 119.422.632
Total Capital: 8.813.640*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 16.813.405
Retail deposits: 34.732.710
Corporate Loans: 52.788.560
Retail Loans: 23.106.839
Number of Employees: 1.317
* Total Net Profit for 2005 included
 VODEĆA BANKA U SRBIJI
Raiffeisenbank a.d, Beograd je vodeća banka
u Srbiji i Crnoj Gori po visini ukupne bilansne
aktive, prikupljenim depozitima i kreditnim
plasmanima. Posluje u okviru Raiffeisen
International-a, jedne od najvećih bankarskih
grupacija u srednjoj i istočnoj Evropi, koja
je deo austrijske RZB grupe. Rad u Srbiji
započela je u julu 2001. godine, kao prva banka
osnovana sa 100 odsto stranim kapitalom.
Akcionari banke su Raiffeisen International
sa učešćem od 90 odsto u strukturi kapitala i
Međunarodna finansijska korporacija, članica
Svetske banke, sa 10 odsto kapitala. Svoje
aktivnosti Raiffeisenbank a.d, Beograd razvija
u tri pravca: poslovanje sa stanovništvom i sa
malim i srednjim preduzećima, poslovanje
sa privredom, upravljanje sredstvima i
investicionim bankarstvom. Pruža sve vrste
bankarskih usluga svojim klijentima, u skladu
sa zapadnim standardima, uz istovremeno
razumevanje specifičnosti i mogućnosti koje
pruža domaće finansijsko tržište.
Sektor za rad sa privredom posluje sa
oko 3.000 klijenata, među kojima je većina
najuspešnijih i najvećih kompanija koje su
prisutne na ovom tržištu, kako domaćih tako
i stranih. Preko 75 odsto najvećih stranih
investitora u Srbiji posluje preko Raiffeisenbank
a.d Beograd. Sektor za poslovanje sa malim i
srednjim preduzećima i preduzetnicima ima
oko 11.000 klijenata, dok Sektor za rad sa
stanovništvom ima oko 300.000 klijenata, uz
stalno i intezivno uvećanje. Prethodnu, 2005.
godinu Raiffeisen banka je završila sa ukupno
44 filijale širom Srbije, a ambicioznim planom
je predviđeno da se taj broj do 2008. godine
uveća na 100.
Raiffeisenbank a.d, Beograd se nalazi na
vodećoj poziciji u domaćem bankarskom
sistemu, sa tržišnim udelom koji se kreće u
intervalu od 18 do 20 odsto. Kao potvrda tržišnih
uspeha, usledila su brojna domaća i strana
priznanja - Euromoney, The Bankar, Global
Finance i Finance Central Europe proglasili su
Raiffeisenbank a.d, Beograd za najbolju banku u
Srbiji i Crnoj Gori u 2005. godini.
31.12.2005.
u 000 dinara
Bilansna veličina: 119.422.632
Ukupan kapital: 8.813.640*
Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 16.813.405
Depoziti stanovništva: 34.732.710
Krediti privredi: 52.788.560
Krediti stanovništvu: 23.106.839
Broj zaposlenih: 1.317 111
* Uključena je ukupna akumulirana dobit
za 2005. godinu

Societe Generale started its activities in
Serbia back in 1977. when it opened its
representative office in Belgrade. In 1991.
Societe Generale was established as the first
bank with a majority foreign capital in Serbia.
The Bank had mostly dealt with corporate
clients until December of 2001. which is when
it extended its activities to the retail sector,
thereby becoming a universal bank. Today,
Societe Generale in Serbia has more than
230.000 clients, a network of 54 branch offices
and 735 employees.
Societe Generale remains the only majority
foreign capital bank to have invested in the
building of its own head office in Serbia.
Around 10 million Euros have been poured
into the construction of the edifice that
spreads across 6.000 m2, located in the
immediate neighborhood of the Belgrade
Arena. The bank plans to move to the new
location in May 2006.
112 In addition to constantly improving its
products and services, Societe Generale
SOCIETE GENERALE
BANK IN SERBIA,
THE SAME AS
EVERYWHERE IN
THE WORLD
continues to expand. In 2005. the Bank
doubled its network in comparison to the
previous year, bringing the total number
of branch offices to 53 across the country.
Extensive development will continue in the
years to come in order to render services
available to as many clients as possible and the
bank plans to raise the number of its branch
offices to 75 by the end of 2006. to
that effect.
Societe Generale has transposed to
the Serbian market the international
experience, professionalism and
approach to work of Societe
Generale Group - one of the largest
banks in the world. By listening
attentively to the market, Societe
Generale has created an offer
that meets the specific needs of
its clients, providing them with
adequate solutions through a
variety of services.
As a universal bank, Societe
Generale strives to respond to the
needs of both retail and corporate
clients of all sizes and structures,
as well as to entrepreneurs and independent
professionals.
31.12.2005.
in 000 dinars
Balance Assets: 33.815.002
Total Capital: 2.873.823*
Equity Capital Structure:
• Private capital: 100%
Corporate Deposits: 9.099.867
Retail deposits: 14.754.521
Corporate Loans: 8.757.709
Retail Loans: 11.650.481
Number of Employees: 735
* The item of Total capital has not been
corrected by Total loss for 2005
 SOCIETE GENERALE
BANKA U SRBIJI ISTA
KAO SVUDA U SVETU

Svoje poslovanje u Srbiji Sosijete ženeral banaka. Pažljivo osluškujući tržište, Banka
započela je davne 1977. godine, kada je svojom ponudom odgovora na specifične
otvoreno predstavništvo sa sedištem u potrebe svojih klijenata i pruža im adekvatna
Beogradu, a 1991. godine osnovana je Sosijete rešenja u vidu raznovrsnih usluga.
ženeral kao prva banka sa većinskim stranim Kao univerzalna banka Sosijete ženeral
kapitalom u Srbiji. U periodu
od osnivanja do 2001. godine
banka je poslovala pretežno sa
pravnim licima, a od decembra
2001. godine proširuje
svoje aktivnosti na rad sa
fizičkim licima i tako postaje
univerzalna banka. Danas,
Sosijete ženeral banka u Srbiji
ima preko 230 hiljada klijenata
koje servisira mreža od 54
ekspoziture sa 735 zaposlenih.
Sosijete ženeral banka je
jedina banka sa stranim
kapitalom koja je u Srbiji
uložila sredstva u izgradnju
svog sedišta. U objekat
površine preko 6.000 m2, koji
se nalazi u blizini Beogradske
Arene, uloženo je 10 miliona evra, a useljenje banka se trudi da izađe u susret kako fizičkim
je planirano za maj 2006. godine. licima tako i preduzećima svih veličina i
Pored toga što konstantno radi na struktura, preduzetnicima i licima koja
unapređenju svojih usluga i proizvoda, Sosijete obavljaju samostalnu delatnost.
ženeral banka ubrzano širi svoju mrežu.
Na kraju 2005. godine banka je, u odnosu
na prethodnu godinu, udvostručila broj 31.12.2005.
ekspozitura širom zemlje (na 53 ekspoziture). u 000 dinara
Bilansna veličina: 33.815.002
Ubrzani razvoj nastaviće se i u narednim
Ukupan kapital: 2.873.823*
godinama, kako bi usluge banke bile dostupne Struktura akcionarskog kapitala:
što većem broju klijenata, sa ciljem da krajem • privatni: 100%
2006. godine Sosijete ženeral banka u Srbiji Depoziti privrede: 9.099.867
broji 75 ekspozitura. Depoziti stanovništva: 14.754.521
Sosijete ženeral banka je na tržište Krediti privredi: 8.757.709
Srbije prenela međunarodno iskustvo, Krediti stanovništvu: 11.650.481
Broj zaposlenih: 735
profesionalizam i pristup poslu Sosijete 113
* Ukupni kapital nije korigovan za
ženeral grupe, jedne od najvećih svetskih finansijski rezultat u 2005. godini
 IMPECCABLE STANDING
AND HIGH LIQUIDITY
Srpska banka a.d. is the bank that offers working atmosphere and to ensure the most
excellent customer service and a wide range competent possible customer service.
of banking products. It is an eminent, modern Srpska banka a.d. has supported by making
and successful bank, standing for strong and payment to: Institute for neonatology, areas
reliable financial institution. with flood in Banat and the Fund for Kosovo
The Bank performs banking operations in and Metohia (Serbian Government Project).
accordance with the Law on Banks and Other The logo of the Srpska banka a.d. represents
Financial Institutions. The Bank has the the power of the traditional symbol in a
great authorization to perform international modern way. The national symbol is taken
payment operations / payment transactions, from the Serbian tradition – five identical
credit line and guarantee arrangements/. calligraphic “s” from Miroslav’s gospel form a
Srpska banka a.d. also provides all types of circular combination of parts into rosette.
retail services: maintenance of current and
gyro accounts, both in local and
foreign currency, domestic and
foreign currency savings, lending
consumer loans and issuing
debit and credit DinaCard and
VISA payment cards. Domestic
payment, international payment,
corporate loans and E banking
are the part of corporate banking
of Srpska banka a.d. The bank
is equipped with a modern
technology for bank operations,
with a qualified expert and
experienced as well as young and
inventive personnel in order to
create an enjoyable and efficient

31.12.2005.
in 000 dinars
Balance Assets: 9.768.022
Total Capital: 2.572.159*
Equity Capital Structure:
SRPSKA BANKA a.d. • Private capital: 1%
• Social Capital: 3%
Savska 25, 11000 Belgrade, • Other / State Owned Capital: 96%
Corporate Deposits: 752.146
Phone: +381 11 3607 200 Retail deposits: 614.888
Fax: +381 11 2644 854 Corporate Loans: 1.672.479
Retail Loans: 475.872
114
banka@srpskabanka.co.yu Number of Employees: 386
* Total Net Profit for 2005 included
www.srpskabanka.co.yu
 BESPREKORNI BONITET I
VISOKA LIKVIDNOST
Srpska banka a.d. ima dugogodišnje
iskustvo u obavljanju bankarskih poslova.
To je ugledna, moderna i uspešna banka koja
predstavlja snažnu i pouzdanu finansijsku
instituciju.
Obavlja sve bankarske poslove saglasno
Zakonu o bankama i drugim finansijskim
organizacijama. Ima veliko ovlašćenje za
obavljanje poslova sa inostranstvom (platni
promet, kreditni i garancijski aranžmani).
U ovoj banci obavljaju se sve vrste poslova
sa stanovništvom kao što su: vođenje
dinarskih i deviznih tekućih i žiro računa,
dinarska i devizna štednja, potrošački krediti
građanima, izdavanje DinaCard i VISA
platnih kartica, debitnih i kreditnih i drugo.
Platni promet, elektronsko bankarstvo i
kreditiranje privrede samo su neki od poslova
Srpske banka a.d. sa privredom. Banka je
opremljena najsavremenijom tehnologijom
za bankarsko poslovanje, kadrovski je
osposobljena, sa visoko-obrazovanim
inventivnim mladim ljudima, i sa iskusnim
bankarskim stručnjacima.
Poslovanje ove banke karakteriše
besprekorni bankarski bonitet i visoka
dinarska i devizna likvidnost. Srpska banka
a.d. svojim komitentima i klijentima nudi
široku lepezu usluga i sveobuhvatnu i
kvalitetnu konsalting uslugu tokom kreiranja
i realizacije posla.
Srpska banka a.d. pomaže davanjem
donacija: Institutu za neonatologiju,
poplavljenom području u Banatu, Fondu za
Kosovo i Metohiju i drugo.
Logotip Srpske banka a.d. predstavlja
snagu tradicionalnog simbola prikazanog na
savremen način. Nacionalno obeležje preuzeto
je iz srpske tradicije - pet identičnih oblika
kaligrafskog «s» iz Miroslavljevog jevanđelja
predstavlja krug - rozetu.
31.12.2005.
u 000 dinara
Bilansna veličina: 9.768.022
Ukupan kapital: 2.572.159*
Struktura akcionarskog kapitala:
• privatni: 1%
• društveni: 3%
• ostali / državni: 96%
Depoziti privrede: 752.146
Depoziti stanovništva: 614.888
Krediti privredi: 1.672.479
Krediti stanovništvu: 475.872
Broj zaposlenih: 386 115
* Uključena je ukupna akumulirana dobit
za 2005. godinu
 UNIVERSAL BANKING
Univerzal Bank a.d. Belgrade, with head • In 2005. the Bank operated successfully.
office located downtown Belgrade in 29, The Bank achieved profit 29% more than
Francuska Street, has unburdened balance in 2004.
sheet with liabilities of prior period. It is a • The balance sheet amount increased for
Bank of developed business network on the 26,4% in comparison to the last year.
whole territory of Republic of Serbia, with • The total Bank equity increased for 12,9%
properly established correspondent relations comparing to the previous year.
with foreign banks from the region and all • In 2004., in respect of dinar savings
over European Union, with human resources deposits, funds remained at approximately
potential, it is well technically equipped the same level as in 2004., while foreign
with computers of the latest generation and currency savings deposits increased 1,7
software solutions that enable fast and efficient times compared to the previous year.
communication and successful performance
of daily operations. It is a Bank of well
secured safes and all other characteristics
that a contemporary banking organisation
should have. Even in this stage of developing
process, the Bank offers all kinds of banking
services to its clients in a quick, efficient and
quality manner, paying attention to each
and every client.
• The Bank was established in 1992. and
from 1995. it is performing business as a
joint stock company.
• According to balance sheet amount, the
Bank is categorized as a medium sized
bank.
• Trading with Univerzal Bank shares
started in January 2006. on Belgrade
Stock Exchange.
• The Bank is owned by 939 shareholders 31.12.2005.
• The Bank has high liquidity and such in 000 dinars
a term structure which provides all the Balance Assets: 5.054.556
necessary conditions for preserving Total Capital: 1.620.517*
longterm liquidity. Equity Capital Structure:
• The Bank is authorized for foreign payment • Private capital: 100%
Corporate Deposits: 2.580.135
operation. It is a member of the SWIFT
Retail deposits: 451.226
worldwide electronic payment system and Corporate Loans: 1.669.366
through Reuters electronic trading system Retail Loans: 177.295
116 it executes foreign currency trading in Number of Employees: 334
Serbia and abroad. * Total Net Profit for 2005 included
 UNIVERZALNA BANKA
Banka sa razvijenom poslovnom mrežom na • Banka je poslovala uspešno u 2005.
području cele Republike Srbije, sa solidnom godini.
korespodentskom vezom sa inostranim • Ostvaren je dobitak za 29 odsto više nego
bankama iz okruženja i širom Evropske u 2004. godini;
unije, sa dobrom kadrovskom i tehničkom
opremljenošću, sa računarskom
opremom nove generacije i softverskim
rešenjima koja omogućuju brzu i efikasnu
komunikaciju i dnevnu ažurnost, banka
sa dobro obezbeđenim sefovima i sa
ostalim karakteristikama savremene
bankarske organizacije. U ovoj fazi svoga
razvoja, pruža sve vrste bankarskih usluga
klijentima, efikasno i kvalitetno, sa velikim
uvažavanjem svakog klijenta ponaosob.
• Osnovana je 1992. godine, a kao
akcionarsko društvo posluje od 1995.
godine;
• Po visini ukupne bilansne sume u
kategoriji je srednjih banaka;
• Akcije Banke kotiraju se na Beogradskoj • Ukupna bilansna suma je povećana za 26,4
berzi a.d. Beograd od januara 2006. odsto u odnosu na prethodnu godinu;
godine; • Ukupni kapital Banke je povećan za 12,9
• Banka je u vlasništvu 939 akcionara; odsto u odnosu na prethodnu godinu;
• Visoko je likvidna i ima takvu ročnu • Sredstva po osnovu dinarske štednje su u
strukturu bilansa koja joj obezbeđuje toku 2005. godine zadržana na približno
uslove za očuvanje likvidnosti na duži istom nivou kao u 2004. godini, dok je
rok; devizna štednja povećana za 1,7 puta u
• Ima ovlašćenje za obavljanje poslova sa odnosu na prethodnu godinu;
inostranstvom. Uključena je na SWIFT
sistem prometa sa inostranstvom, a preko 31.12.2005.
Rojters tehnologije obavlja trgovinu u 000 dinara
devizama u zemlji i inostranstvu. Bilansna veličina: 5.054.556
Ukupan kapital: 1.620.517*
Struktura akcionarskog kapitala:
Francuska 29 • privatni: 100%
Depoziti privrede: 2.580.135
11000 Beograd,
Depoziti stanovništva: 451.226
Telefon: (+381) 011/3022-801 Krediti privredi: 1.669.366
Fax: (+381) 011/3343-017 Krediti stanovništvu: 177.295
Broj zaposlenih: 334 117
office@ubbad.co.yu * Uključena je ukupna akumulirana dobit
www.ubbad.co.yu za 2005. godinu
 LEADER IN RETAIL SAVINGS
AND ISSUED PAYMENT CARDS
Vojvodjanska banka a.d. Novi Sad is a The corporate clients of Vojvodjanska banka
universal financial institution which, by can always rely on the safety and quality of
combining commercial and investment products and services. The competitive offer
banking and by implementing state-of-the- consisting of the combination of classical and
art technologies and standards provides its modern products and services designed to fit
clients with a variety of high-quality services. all client’s needs provide excellent conditions
The Bank’s business strategy is based on the for the development of business activities.
client oriented approach and continuous Following the modern business trends,
development of new products. Through Vojvodjanska banka is one of the first
its extensive network, which consists of 23 banks to become a member of the Belgrade
branches and 175 points of sale, the Bank Stock Exchange and the Central Securities
provides its services to over 625,000 retail Depository and Clearing House of Serbia.
clients and over 61,000 corporate clients. Vojvodjanska banka is the leading bank in
In the segment of retail banking operations, investment banking operations.
Vojvodjanska banka is the leader
in the number of issued payment
cards and deposited CSD savings
and one of the leading banks
according to the volume of collected
foreign currency savings. Due to
the Bank’s all-embracing offer of
products and services and modern
solutions modeled according to the
conditions in the market, clients’
requests and the experience of the
developed countries, the clients of
Vojvodjanska banka can manage
their finances and time in the most
efficient way.

31.12.2005.
Vojvođanska banka a.d. in 000 dinars
Balance Assets: 37.924.261
Novi Sad Total Capital: 6.707.797*
Equity Capital Structure:
Trg slobode 7 • Private capital: 1%
• Other / State Owned Capital: 99%
phone: 021.4886.600 Corporate Deposits: 14.951.184
fax: 021.6611.512 Retail deposits: 12.014.302
Corporate Loans: 9.991.072
office@voban.co.yu, Retail Loans: 5.108.891
118 Number of Employees: 2.400
infocentar@voban.co.yu * Total Net Profit for 2005 included
www.voban.co.yu
 LIDER DINARSKE ŠTEDNJE I
IZDATIH VISA KARTICA
Vojvođanska banka a.d. Novi Sad je
univerzalna finansijska institucija koja
kombinuje funkcije komercijalnog
investicionog bankarstva. Primenom
najsavremenijih tehnologija i standarda u
poslovanju pruža usluge brzo i kvalitetno.
Poslovna strategija Banke zasnovana je na
orijentaciji ka klijentu i kontinuiranom
razvoju novih proizvoda. Putem razgranate
mreže, koju čine 23 filijale i 175 prodajna
mesta, Banka pruža usluge za preko 625.000
fizičkih lica i preko 61.000 pravnih lica.
U sektoru poslovanja sa stanovništvom,
Vojvođanska banka je lider po broju izdatih
Visa kartica, prva po dinarskoj štednji i jedna
od vodećih banaka po nivou devizne štednje.
Zahvaljujući sveobuhvatnoj ponudi proizvoda
i usluga, kao i savremenim rešenjima koja
su koncipirana prema potrebama klijenata,
zahtevima tržišta i iskustvima najrazvijenijih
zemalja, Vojvođanska banka omogućava
svojim klijentima da na najefikasniji način
upravljaju svojim finansijama i svojim
vremenom.
Klijenti Vojvođanske banke, pravna lica
i preduzetnici, uvek mogu da računaju
na sigurnost i potvrđene vrednosti.
Konkurentni uslovi, uz kombinovanu
i ponudu klasičnih i savremenih proizvoda i
usluga i aranžmanskih poslova, prilagođenih
klijentima, predstavljaju kvalitetnu osnovu za
razvoj poslovne delatnosti.
Prateći najsavremenije trendove u
poslovanju, Vojvođanska banka je među
prvim bankama postala član Beogradske
berze i Centralnog registra hartija od
vrednosti i danas je vodeća banka u poslovima
investicionog bankarstva.
31.12.2005.
u 000 dinara
Bilansna veličina: 37.924.261
Ukupan kapital: 6.707.797*
Struktura akcionarskog kapitala:
• privatni: 1%
• ostali / državni: 99%
Depoziti privrede: 14.951.184
Depoziti stanovništva: 12.014.302
Krediti privredi: 9.991.072
Krediti stanovništvu: 5.108.891
Broj zaposlenih: 2.400
* Uključena je ukupna akumulirana dobit 119
za 2005. godinu
 FROM CONFIDENCE TO SUCCESS
AND SATISFACTION
Volksbank a.d. is a part of the Volksbank one branch in Novi Sad (Futoska 1a) and one
Group from Austria, which was founded in branch in Cacak (Kuzeljeva 2). Also, there is
1872. and with over then 600 branches in a completely new service at domestic market,
central and east Europe. 24-hour service in Volksbank branches
In September 2003. Volksbank entered that offers to the clients following services:
Serbian market with the following exchange office, night drop, terminal for
shareholder’s structure: Volksbank non cash payment orders, depositing and
International AG, Vienna with 85,46% and withdrawing a cash to the account during the
European Bank for Reconstruction and 24 hours, seven days in week.
Development, London, with 14,54%. Volksbank is oriented to the long-term
Business policy of Volksbank a.d. is to relationship with the clients that is based on
provide financial service and support to small a trust and only this can result in success and
and medium enterprises, entrepreneurs and mutual satisfaction. Motto of the Volksbank
retail clients. In its portfolio Volksbank offers is “United in Trust”!
a range of banking services to all clients, from
loans and guarantees, including various types
of deposits in domestic and international
payments, foreign currency exchange, e
banking, cards, etc. The banking advisors
approach the clients individually and create
service offer in accordance with their needs
and Volksbank standards.
Six branches are located in Belgrade (Knez
Mihailova 24, Kralja Milana 25, Decanska 4,
Pozeska 80, Bulevar Mihaila Pupina 165g,
Glavna 37 - Zemun), Regional Center and

31.12.2005.
in 000 dinars
Balance Assets: 11.727.300
Total Capital: 895.976*
VOLKSBANK A.D. Equity Capital Structure:
Bulevar Mihaila Pupina 165g • Private capital: 100%
Corporate Deposits: 2.140.668
11070 Novi Beograd
Retail deposits: 1.483.923
Tel: 011/201-69-69 Corporate Loans: 3.190.141
Fax: 011/201-32-70 Retail Loans: 2.916.266
120
Number of Employees: 159
www.volksbank.co.yu * The item of Total capital has not been
info@volksbank.co.yu corrected by Total loss for 2005
 OD POVERENJA DO USPEHA
I ZADOVOLJSTVA
Volksbank a.d. deo je Volksbank
grupe iz Austrije koja je svoje
poslovanje započela 1872. godine
u srednjoj i istočnoj Evropi i ima
mrežu od preko 600 filijala i
ekspozitura.
Na tržište Srbije Volksbank
ulazi septembra 2003. godine
sa vlasničkom strukturom:
Volksbank International AG,
Beč sa 85,46% i Evropska banka
za obnovu i razvoj, London, sa
14,54%.
Poslovna orijentacija Volksbank
jeste finansijski servis i podrška
malim i srednjim preduzećima, za bezgotovinske platne naloge i uplate i
preduzetnicima i privatnim licima. Svojim isplate novca sa tekućeg računa fizičkog lica
klijentima Volksbank nudi kompletan tokom 24 časa, sedam dana u nedelji.
spektar bankarskih usluga od kredita i Volksbank je orijentisana ka dugoročnom
garancija, preko različitih oblika depozita partnerskom odnosu sa klijentima,
do domaćeg i inostranog platnog prometa, utemeljenom na međusobnom poverenju
menjačkih poslova, elektronskog bankarstva, koje može garantovati uspeh, obostrano
platnih kartica itd. Bankarski savetnici zadovoljstvo i najbolje poslovne rezultate.
pristupaju klijentima individualno i ponudu Moto ove banke je ”Dobro došli u kreativnu
usluga kreiraju prema njihovim potrebama i bankarsku radionicu u kojoj poverenje
standardima Volksbank kvaliteta. povezuje”!

Volksbank ima šest ekspozitura u Beogradu 31.12.2005.

(Knez Mihailova 24, Kralja Milana 25,
Dečanska 4, Požeška 80, Bulevar Mihaila
Pupina 165g, Glavna 37 - Zemun ), regionalni
centar i ekspozituru u Novom Sadu (Futoška
1a) i ekspozituru u Čačku (Kuželjeva 2).
Apsolutna novost na domaćem bankarskom
tržištu je Volksbank centar koji je u funkciji
24 časa u okviru Volksbank ekspozitura, koji
građanima i privrednim subjektima nudi
usluge menjačnice, noćnog trezora, terminala
u 000 dinara
Bilansna veličina: 11.727.300
Ukupan kapital: 895.976*
Struktura akcionarskog kapitala:
• privatni: 100%
Depoziti privrede: 2.140.668
Depoziti stanovništva: 1.483.923
Krediti privredi: 3.190.141
Krediti stanovništvu: 2.916.266
Broj zaposlenih: 159
121
* Ukupni kapital nije korigovan za
finansijski rezultat u 2005. godini
 FIRST DOMESTIC BANK WITH
MAJORITY FOREIGN CAPITAL
Zepter banka a.d. Beograd was founded in providing all services of interest to its clients.
1992, as the first local bank majority owned By its operations and reported results,
by international shareholders. The majority Zepter banka have enhanced both local and
shareholder is a renowned Swiss company international reputation.
Home Art & Sales Services AG Wollerau. Professional skills of its young, highly
Zepter banka a.d. is a modern, highly dedicated and competent management team
professional and successful commercial bank are the driving force of the Bank’s sustainable
operating both in line with the best banking business growth.
practices and circumstances prevailing in the
local market.
The regional network of Zepter banka
includes its Head Office in Belgrade, eleven
branches and six offices throughout Serbia.
In its operation, Zepter banka a.d. fully
complies with the Law on Banks and Other
Financial Organisations. The Bank observes
the principles of liquidity, prudence and
profitability.
As a fully licensed bank, Zepter banka a.d.
has proved to be very successful in the area of
internal and international payment services,
lending and deposit operations, e-banking,
and other banking transactions and services.
Zepter banka a.d. focuses its business
on corporate area, in particular, small and
medium-sized enterprises, but also on retail
customers. In terms of its staff, organisation
Beograd

and technical resources, the Bank is capable of

31.12.2005.
in 000 dinars
Zepter banka a.d. Beograd Balance Assets: 6.556.367
Total Capital: 1.412.182*
Bulevar Mihaila Pupina 117
Equity Capital Structure:
11070 Beograd • Private capital: 100%
Tel: 011/ 20 19 100 Corporate Deposits: 1.773.501
Retail deposits: 2.099.858
Call center: 011/ 201 91 91 Corporate Loans: 1.311.614

122
Fax: 011/ 138 603 Retail Loans: 831.349
Number of Employees: 231
E-mail: office@banka.zepter.co.yu * Total Net Profit for 2005 included
www.banka.zepter.co.yu
 PRVA DOMAĆA BANKA SA
VEĆINSKIM INO KAPITALOM
Zepter banka a.d. Beograd osnovana je 1992. Svojim poslovanjem i ostvarenim
godine, kao prva domaća banka sa većinskim rezultatima, Zepter banka je stekla
stranim kapitalom. Većinski akcionar je zavidnu reputaciju ne samo u zemlji već i u
renomirana firma Home Art & Sales Services inostranstvu.
AG Wollerau iz Švajcarske. To je moderna, Zahvaljujući umešnosti poslovanja mladog,
poslovna i uspešna banka koja svoje poslovanje odgovornog i visokostručnog menadžerskog
obavlja po visokim bankarskim standardima, tima, Banka je u stalnom poslovnom
koji su prilagođeni uslovima našeg tržišta. usponu.
Centrala u Beogradu, šest ekspozitura i
jedanaest filijala u gradovima širom Republike
Srbije čine poslovnu mrežu Zepter banke.
Poslovanje Zepter banke je u potpunosti
u skladu sa Zakonom o bankama i drugim
finansijskim organizacijama. Banka posluje
na principima likvidnosti, sigurnosti i
profitabilnosti.
Kao banka sa velikim ovlašćenjem, Zepter
banka veoma uspešno obavlja poslove
platnog prometa u zemlji i inostranstvu,
kreditne i depozitne poslove u zemlji, poslove
elektronskog bankarstva i druge bankarske
poslove i usluge.
Zepter banka je usmerena na poslovanje
sa privredom, naročito sa malim i srednjim
preduzećima, kao i na poslovanje sa
stanovništvom. Kadrovski, organizaciono i
Novi Sad

tehnički osposobljena je da obavlja sve poslove

od interesa za svoje klijente.

31.12.2005.
u 000 dinara
Bilansna veličina: 6.556.367
Zepter banka a.d. Beograd
Ukupan kapital: 1.412.182*
Bulevar Mihaila Pupina 117 Struktura akcionarskog kapitala:
11070 Beograd • privatni: 100%
Depoziti privrede: 1.773.501
Tel: 011/ 20 19 100 Depoziti stanovništva: 2.099.858
Call center: 011/ 201 91 91 Krediti privredi: 1.311.614
Krediti stanovništvu: 831.349
Fax: 011/ 138 603 Broj zaposlenih: 231 123
E-mail: office@banka.zepter.co.yu * Uključena je ukupna akumulirana dobit
za 2005. godinu
www.banka.zepter.co.yu
 REPUBLIC OF SERBIA
SECURITIES COMMISSION
Securities Commission is a legal entity,
and it has the status of the organization of
the Republic of Serbia, and is accountable for
performing tasks from its competence to the
Parliament of the Republic of Serbia.
In May 2002. the Federal Securities
Commission of that time became member
of the IOSCO (International Organization
of Securities Commissions), thus taking
on the obligation of applying generally
accepted objectives and principles of this
organization.
In this respect, the Law on Securities Market
and other Financial Instruments has been
harmonized with the EU Directives and the
IOSCO Principles which explicitly stipulate
independence of this institution for impartial
and efficient performing of its responsible
tasks.
Taking care of the implementation of the
provisions of the Law on Securities Market and
other Financial Instruments and respective
by-laws, the Securities Commission, as
regular member of the IOSCO since 2002.
has been making efforts to achieve three basic
objectives: protection of investors; ensuring
that the financial market is fair, efficient and
transparent; and reduction of systemic risk.
The Securities Commission strives, inter
alia, to ensure achieving of the said objectives
in the following manner:
Novi Beograd
124
- by licensing, establishing of operating
standards and supervising of the authorized
financial market participants (brokers and
dealers, broker-dealer companies, stock-
exchanges, broker-dealer associations,
investment companies, investment advisers,
portfolio managers, etc.);
- by ensuring public disclosure of data of
the public companies.
- by approving the securities distribution
prospectus, i.e. by approving securities
issuing; by approving the takeover offer;
- by supervising of securities distribution
and takeovers in order to prevent offences of
law and protect financial market participants,
all potential and current investors first of all,
etc.
Today’s legal framework for regulation and
operating of the Serbian financial market was
established by passing of the Law on Securities
Market and other Financial Instruments
(on the Federal level) on 30.11.2002. This
Law has reestablished the capacity of the
Securities Commission as national regulator
in the securities market, its powers and
competences.
Legal nature of the status and competences
of the Securities Commission is not of
administrative character, as it is often
commonly thought, but more supervising
and regulatory; this is the reason why the
Securities Commission has given initiatives
on several occasions to competent institutions
to define within the framework of a new
Constitution of the Republic of Serbia the
status of the Commission, which should be
when operational independence is in question
at the National Bank of Serbia level. Thus,
complete independence of the Securities
Commission could be ensured, specified first
of all in the IOSCO Principles.
In such a way, along with the possible
adoption of the Law on Securities Commission,
the Securities Commission could perform in
an adequate way its supervisory function and
implement penal policy.
 REPUBLIKA SRBIJA
KOMISIJA ZA HARTIJE OD VREDNOSTI
Milko Štimac, direktor Komisije za HOV
Komisija za hartije od vrednosti je pravno
lice, ima status organizacije Republike Srbije,
i odgovorna je za obavljanje poslova iz svoje
nadležnosti Narodnoj skupštini Republike
Srbije.
Maja 2002. godine, tadašnja savezna
Komisija za hartije od vrednosti primljena je u
IOSCO (Međunarodna Organizacija Komisija
za hartije od vrednosti) i time je preuzela
obavezu da primenjuje opšteprihvaćene
ciljeve i principe te organizacije.
U tom smislu, Zakon o tržištu hartija od
vrednosti i drugih finansijskih instrumenata
harmonizovan je sa direktivama Evropske
Unije i principima IOSCO-a, koji izričito
propisuju samostalnost ove institucije,
radi nepristrasnog i efikasnog obavljanja
odgovornih funkcija.
Starajući se o primeni odredaba Zakona o
tržištu hartija od vrednosti i drugih finansijskih
instrumenata i odgovarajućih podzakonskih
akata, Komisija za hartije od vrednosti nastoji
postići tri osnovna cilja: zaštitu investitora;
pošteno, efikasno i transparentno finansijsko
tržište i smanjivanje sistemskog rizika.
Ostvarivanje ovih ciljeva, Komisija za
hartije od vrednosti nastoji da obezbedi,
između ostalog, i na sledeće načine:
- davanjem dozvola za rad, propisivanjem
pravila rada i kontrolom rada ovlašćenih
učesnika na finansijskom tržištu (brokera i
dilera, brokersko-dilerskih društava, berzi,
udruženja brokera i dilera, investicionih
kompanija, investicionih savetnika, portfolio
menadžera i sl.);
- obezbeđivanjem javnog objavljivanja
podataka javnih društava;
- sprovođenjem nadzora postupka
distribucije hartija od vrednosti i preuzimanja
akcionarskih društava radi sprečavanja
izigravanja zakonskih odredbi i obezbeđivanja
zaštite učesnika na finansijskom tržištu.•
odobrenjem prospekta za distribuciju hartija
od vrednosti izdavaoca, odnosno odobrenjem
izdavanja hartija od vrednosti; odobrenjem
ponude za preuzimanje akcija;
Današnji pravni okvir regulisanja i
funkcionisanja finansijskog tržišta Srbije
ustanovljen je donošenjem Zakona o tržištu
hartija od vrednosti i drugih finansijskih
instrumenata (na saveznom nivou) 30.11.2002.
godine. Njime je ponovo ustanovljen
status Komisije za hartije od vrednosti kao
nacionalnog regulatornog tela na tržištu
hartija od vrednosti, njena ovlašćenja i
nadležnosti.
Pravna priroda statusa i nadležnosti
Komisije za hartije od vrednosti nije
upravnog karaktera, kako se često misli, već
nadzornog i regulatornog, te je stoga, u više
navrata, Komisija za hartije od vrednosti
upućivala inicijative nadležnim institucijama
da u okviru izrade novog ustava Republike
Srbije bude definisan i status Komisije koji, po
pitanju nezavisnosti, treba da bude u rangu
Narodne Banke Srbije. Time bi se obezbedila
potpuna samostalnost i nezavisnost Komisije
za hartije od vrednosti koja je pre svega
predviđena IOSCO principima.
Na taj način, kao i eventualnim donošenjem
Zakona o Komisiji za hartije od vrednosti,
Komisija bi mogla da na adekvatan način 125
realizuje svoju nadzornu funkciju i kaznenu
politiku.

Belgrade Stock Exchange was founded
in 1894. and was re-established in 1989. as
Yugoslav Capital Market, taking back the old
name, Belgrade Stock Exchange, in 1992. In
the period from 1953. to 1989. Belgrade Stock
Exchange was out of function, which was
consequence of the economic and political
situation in the country.
Today, Belgrade Stock Exchange is the
only stock exchange in Serbia. It performs
activities of organizing trading of securities
and financial derivatives, plays active role in
education of professionals and public, in the
widest sense – participants in capital market
operations, in development and upgrading
of legislative documents in the field of stock
exchange business, as well as in publishing
activity, concerning specialized publications
and manuals, in addition to regular monthly
issues of – Belgrade Stock Exchange Bulletin,
in electronic and printed format.
Belgrade Stock Exchange market consists
of the exchange market (listing A, listing B),
and free-exchange market. On the listing
A are bonds of the Republic of Serbia. All
other securities, currently are on the free-
exchange market. In trading, the following
methods are applied: single auction price
method, continuous trading and minimum
price. BELEX, the trading system which was
developed by employees of the exchange and
external collaborators, fulfills all standards
Omladinskih brigada 1,
11070 Novi Beograd
Tel: +381 (0)11 322 15 99,
+381 (0)11 311 72 97
Fax: +381 (0)11 138 242
126
office@belex.co.yu
www.belex.co.yu
UNIQUE IN
SERBIA
which are necessary for efficient securities
trading. Report concerning trading and
all relevant events are distributed to a large
number of media houses, in the country
and abroad. Internet pages of the Exchange
presentation, (www.belex.co.yu) were recently
innovated, and contain all important data
concerning traded securities, historical
statistics, graphics and table presentations
of trading, as well as set of different market
parameters. In addition, the Exchange services
such as BELEX.info (www.belex.info), wap
service (wap.belex.info), SMS messages, Data
feed and ticker, provide following of trade in
the real time, for all interested users.
Belgrade Stock Exchange became an
important participant on the international
plan. In addition to numerous bilateral
agreements signed in order to develop
cooperation with other European stock
exchanges, the Exchange is permanent
member of the Federation of Euro-Asian
Stock Exchanges, associated member of
Federation of European Stock Exchanges,
and corresponding member of the World
Federation of Exchanges.
Expressed in numbers, currently, on the
Exchange are traded shares of over 900
enterprises. Measure of the size of the market -
market capitalization, at the end of December
2005. reached 6.7 billion euros (+53.6% on
the annual level). The turnover volume in
2005. reached 580 million euros, and together
with other indicators, placed Belgrade Stock
Exchange, on the significant position in the
region.
 JEDINA U SRBIJI
Beogradska berza je prvobitno osnovana trguje, istorijske statistike, grafičke i tabelarne
1894., a zatim reosnovana 1989., kao prikaze trgovanja i set najrazličitijih tržišnih
Jugoslovensko tržište kapitala, da bi staro parametara. Pored toga, servisi Berze, kao što
ime Beogradska berza ponovo preuzela 1992. su BELEX.info (www.belex.info), wap servis
godine. U periodu od 1953. do 1989. godine (wap.belex.info), SMS poruke, Data feed i tiker
Berza nije poslovala, zbog aktuelne privredne obezbeđuju praćenje trgovanja u realnom
i političke situacije u zemlji.
Danas je Beogradska berza
jedina berza u Srbiji. Obavlja
delatnost organizovanja
trgovine hartijama od vrednosti
i finansijskim derivatima i
ima aktivnu ulogu u edukaciji
stručne i najšire javnosti -
učesnike u radu tržišta kapitala,
zatim u razvoju i dogradnji
zakonodavnih dokumenata iz
oblasti berzanskog poslovanja,
kao i izdavačke aktivnosti koje se
odnose na stručne i edukativne
publikacije pored redovnog
mesečnog izdanje – Bilten
Beogradske berze, u elektronskom
i štampanom formatu. vremenu za sve zainteresovane korisinike.
Tržište Beogradske berze podeljeno Beogradska berza dobija sve značajnije
je na berzansko (listing A i listing B) i učešće na međunarodnom planu, pored
slobodno berzansko tržište. Na listingu A brojnih bilaterlanih sporazuma o saradnji sa
nalaze se obveznice Republike Srbije, dok drugim evropskim berzama, stalni je član
se sve ostale hartije od vrednosti u ovom Federacije evro-azijskih berzi, pridruženi
trenutku nalaze na slobodnom berzanskom član Federacije evropskih berzi kao i dopisni
tržištu. U trgovanju se primenjuju metodi član Svetske federacije berzi.
preovlađujuće cene, kontinuiranog trgovanja Posmatrano u brojkama, na Berzi se u
i minimalne cene. Trgovački sistem BELEX ovom trenutku trguje akcijama preko 900
razvijen je od strane zaposlenih na Berzi i preduzeća, a mera veličine tržišta - tržišna
spoljnih saradnika i ispunjava sve standarde kapitalizacija je, zaključno sa decembrom
potrebne za efikasno trgovanje hartijama 2005. godine, iznosila 6,7 milijardi EUR
od vrednosti. Izveštaji o trgovanju, kao i svi (+53,6% na godišnjem nivou). Obim prometa
aktuelni događaji distribuiraju se velikom u 2005. godini je iznosio 580 miliona EUR, što
broju medijskih kuća, u zemlji i inostranstvu, zajedno sa drugim pokazateljima, Beogradsku
dok su stranice internet prezentacije Berze berzu svrstava na pristojno mesto u regionu.
(www.belex.co.yu) nedavno inovirane i sadrže 127

sve značajne podatke o hartijama kojima se

 Central Register, Custodian
and Securities Clearing
CURRENTLY MORE THAN
A HUNDRED MEMBERS
The CSD and Clearing house of Serbia
started its operations on November 19, 2001.
It is located in Belgrade, Serbia and besides the
functions of the CSD it represents a Clearing
house.
The CSD and Clearing house of Serbia has
been established on December 10, 2003. by
the Court of Law, in compliance with The
Securities Market Act (which has been enacted
in October, 2003.) and which determined
the CSD and Clearing house of Serbia as an
independent institution and a joint-stock
company in which 51% of shares should be
owned by the State. According to the said
Law, the CSD and Clearing house of Serbia
has adopted its Statute and now it represents
an independent institution - a joint-stock
company which is 100% in the ownership of
the State.
The Securities Market Act stipulates the
dematerialization of securities which means
electronic record keeping of securities at
the accounts of their beneficial owners. The
functions of the Clearing house comprise
clearing and settlement of cash transactions
as well as the clearing and settlement of
securities, on the basis of DvP (Delivery
versus Payment).
- Settlement for the exchange
traded securities bonds of the RS and
equities is on T+3, (T represents the
trading day)
- Settlement for OTC, NBS bills and
treasury bills of the RS is on real-time
basis,
- Settlement for corporate bonds is
T+1.
The Settlement system is designed
according to the Recommendations
for Securities Settlement systems
128
- Committee on Payment and Settlement
Systems – CPSS; Technical Committee of
the International Organization of Securities
Commissions - IOSCO).
The CSD and Clearing house of Serbia
has become a member of the Association
of National Numbering Agencies (ANNA)
which was confirmed at the Annual General
Meeting of ANNA held in Oslo on the June
3-4, 2004. since it allocates the CFI codes
and ISIN numbers to the issued securities,
according to ISO standards and represents
the National Numbering Agency for Serbia.
The CSD and Clearing house of Serbia is also
a member of ISSA (International Securities
Services Association), and ECSDA (European
Central Securities Depository Association-
from January 2006). Members of the CSD
and Clearing house of Serbia can be only legal
entities: brokerage firms and banks. CSD
and Clearing house of Serbia counts over 100
members.
In providing its services and performing its
operations, the CSD and Clearing house of
Serbia uses the electronic data exchange with
its members as well as other participants in
the trading process in the country.

Trg Nikole Pašića br. 5, Tel: 3331 380, Fax: 3331 381, www.crhov.co.yu
 Centralni registar, depo i kliring
hartija od vrednosti
DANAS IMA PREKO STO ČLANOVA
Centralni registar, depo i kliring hartija
od vrednosti (u daljem tekstu: CR HoV) je
započeo sa poslovanjem 19. novembra 2001.
godine. CR HoV se nalazi u Beogradu i osim
funkcije Registra hartija od vrednosti, CR
HoV predstavlja i klirinšku kuću.
Od decembra 2003. godine Centralni
registar, depo i kliring hartija od vrednosti
je registrovan u sudu u skladu sa Zakonom
o tržištu hartija od vrednosti (čija primena
je počela oktobra 2003.) a koji definiše CR
HoV kao nezavisnu instituciju i akcionarsko
društvo u kojem najmanje 51% akcija treba
da bude u vlasništvu države. U skladu sa
navedenim Zakonom, Centralni registar
HoV je usvojio novi Statut i danas predstavlja
samostalnu instituciju i akcionarsko društvo
koje je u potpunoj svojini države.
Zakon o tržištu hartija od vrednosti
ustanovljava dematerijalizaciju hartija od
vrednosti što predpostavlja elektronski upis
hartija od vrednosti na računima njihovih
vlasnika. Funkcije CR HoV – a obuhvataju
kako kliring i saldiranje hartija od vrednosti
tako i kliring i saldiranje novca na osnovu
principa DVP (Delivery versus Payment).
Ciklus saldiranja za trgovanje na berzi se
vrši do T+3 (T predstavlja dan trgovanja).
Saldiranje za vanberzansko trgovanje, repo
transakcije i trezorske zapise RS je u real-time-
u. Saldiranje za korporativne obveznice se
obavlja na T+1. Sistem saldiranja je dizajniran
u skladu sa Preporukama
IOSCO – Međunarodne
organizacije Komisija
za hartije od vrednosti
(Recommendations for
Securities Settlement systems
- Committee on Payment and
Settlement Systems – CPSS;
Technical Committee of the
International Organization
of Securities Commissions
- IOSCO.) .
CR HoV je član
međunarodne organizacije
ANNA (Association of
National Numbering
Agencies) što je potvrđeno na godišnjoj
skupštini ove organizacije održanoj juna, 2004.
godine u Oslu a s obzirom da dodeljuje CFI
kod i ISIN broj u skladu sa ISO standardima
i da predstavlja Numeričku Agenciju za
teritoriju Srbije. Član je takođe međunarodne
organizacije ECSDA (European CSD
Association) i ISSA (International Securities
Services Association).
Članovi CR HoV-a mogu biti jedino
pravna lica i to: brokersko-dilerska društva
i banke. Danas, CR HoV ima preko 100
svojih članova, banaka i brokersko-dilerskih
društava. U obavljanju svojih funkcija CR
HoV vrši elektronsku razmenu podataka sa
svojim članovima kao i drugim učesnicima u
procesu trgovanja u zemlji.
129
 SADRŽAJ
VEROLJUB DUGALIĆ, Generalni sekretar Udruženja banaka Srbije _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 5
VIZIJOM I OPTIMIZMOM DO USPEHA I PROSPERITETA

UDRUŽENJE BANAKA SRBIJE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 9

OSAMDESET PET GODINA RAZVOJA KLJUČNI GENERATOR EKSPANZIJE BANKARSKOG SEKTORA SRBIJE

NARODNA BANKA SRBIJE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 41

POSLOVNE BANKE U REPUBLICI SRBIJI

POSLOVNE BANKE U REPUBLICI SRBIJI _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 45

A BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 51
BANKARSKI SERVIS PO MERI SVAKOG KLIJENTA

AGROBANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 53
DINAMIČAN RAZVOJ SA DUGOM TRADICIJOM

AIK BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 55
UVEK NA VRHU

ALPHA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 57
POLUGA REGIONALNOG EKONOMSKOG RAZVOJA

BANCA INTESA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 59
ČLANICA GRUPACIJE BANCA INTESA

CONTINENTAL BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 61
U SUSRET CILJEVIMA SAVREMENOG POSLOVANJA

CREDY BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 63
BANKA ZA NOVO VREME

ČAČANSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 65
USMERENA KA RAZVOJU MALIH I SREDNJIH PREDUZEĆA I PRIVATNOG PREDUZETNIŠTVA

EUROBANK EFG_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 67
USPEŠAN RAST

ERSTE BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 69
POMOĆ SRBIJI NA PUTU KA EVROPSKOJ UNIJI

FINDOMESTIC BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 71
ODANOST, KREATIVNOST I PRILAGODLJIVOST ZAHTEVIMA KLIJENATA

HVB BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 73
NAJBOLJA CUSTODIAN BANKA U SRBIJI

HYPO ALPE-ADRIA-BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 75
SPECIFIČNI OBLICI FINANSIRANJA VEIKIH PROJEKATA

JUMBES BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 77
BANKA ZA NOVE IZAZOVE

KOMERCIJALNA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 79
VRH DOMAĆEG BANKARSTVA

KOSOVSKO METOHIJSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 81

POSLOVANJE U REŽIMU REZOLUCIJE SAVETA BEZBEDNOSTI UN I NBS

KULSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 83
DECENIJA USPEŠNOG POSLOVANJA

LAIKI BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 85
EFIKASNI, RAZNOVRSNI I KVALITETNI PROIZVODI I USLUGE

LHB BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 87
BROJNE POGODNOSTI ZA KLIJENTE BANKE
MERIDIAN BANKA_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 89
DEO NAJVEĆE EVROPSKE GRUPE – CREDIT AGRICOLE

METALS BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 91
USPEŠAN RAZVOJ

NACIONALNA ŠTEDIONICA_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 93
STALNI RAST KVALITETA I BROJA PROIZVODA

NACIONALNA BANKA GRČKE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 95

NAJVEĆA NA BALKANU

NIŠKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 97
OD TRADICIJE DO MODERNOG BANKARSTVA

PANONSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 99
ŠIROK SPEKTAR USLUGA KOMERCIJALNOG I INVESTICIONOG BANKARSTVA

PIRAEUS ATLAS BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 101

NOVE POTREBE, NOVA REŠENJA

POŠTANSKA ŠTEDIONICA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 103

SVAKI DRUGI STANOVNIK SRBIJE KORISNIK USLUGA

PRIVREDNA BANKA BEOGRAD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 105

JAČANJE AKCIONARSKOG KAPITALA I USPEŠNO POSLOVANJE – GLAVNI PRIORITETI

PRIVREDNA BANKA PANČEVO _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 107

ČUVAR BANATSKOG BLAGA

PROCREDIT BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 109

AKCIONARI – VODEĆE MEĐUNARODNE INSTITUCIJE

RAIFFEISEN BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 111

VODEĆA BANKA U SRBIJI

SOCIETE GENERALE BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 113

SOCIETE GENERALE BANKA U SRBIJI ISTA KAO SVUDA U SVETU

SRPSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 115

BESPREKORNI BONITET I VISOKA LIKVIDNOST

UNIVERZAL BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 117

UNIVERZALNA BANKA

VOJVOĐANSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 119

LIDER DINARSKE ŠTEDNJE I IZDATIH VISA KARTICA

VOLKSBANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 121
OD POVERENJA DO USPEHA I ZADOVOLJSTVA

ZEPTER BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 123

PRVA DOMAĆA BANKA SA VEĆINSKIM INO KAPITALOM

KOMISIJA ZA HARTIJE OD VREDNOSTI _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 125

BEOGRADSKA BERZA_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 127
JEDINA U SRBIJI

CENTRALNI REGISTAR, DEPO I KLIRING HARTIJA OD VREDNOSTI _ _ _ _ _ _ _ _ _ _ _ _ 129

DANAS IMA PREKO STO ČLANOVA
 CONTENTS
VEROLJUB DUGALIC, Secretary General Association of Serbian Banks _ _ _ _ _ _ _ _ _ _ _ _ _ _ 4
WITH VISION AND OPTIMISM TO SUCCESS AND PROSPERITY

ASSOCIATION OF SERBIAN BANKS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 8

EIGHTY FIVE YEARS OF DEVELOPMENT

NATIONAL BANK OF SERBIA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 40

BUSINESS BANKS IN THE REPUBLIC OF SERBIA

KEY GENERATOR OF THE SERBIAN BANKING SECTOR EXPANSION _ _ _ _ _ _ _ _ _ _ _ _ _ 44

A BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 50
BANKING SERVICE UP TO THE MEASURE OF EVERY CLIENT

AGROBANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 52
DYNAMIC GROWTH OF THE OLDEST DOMESTIC BANK

AIK BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 54
ALWAYS ON THE TOP

ALPHA BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 56
CATALYST OF THE REGIONAL ECONOMIC DEVELOPMENT

BANCA INTESA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 58
MEMBER OF GRUPPO BANCA INTESA

CONTINENTAL BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 60
TOWARDS THE GOALS OF MODERN OPERATIONS

CREDY BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 62
BANK FOR THE NEW ERA

ČAČANSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 64
FOCUSED ON THE DEVELOPMENT OF THE SMEs AND PRIVATE ENTREPRENEURSHIP

EUROBANK EFG_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 66
SUCCESSFUL GROWTH

ERSTE BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 68
ASSISTING SERBIA ON THE ROAD OF ACCESSION TO EU

FIVDOMESTIC BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 70
LOYALTY, CREATIVITY AND ADAPTABILITY TO CLIENTS REQUESTS

HVB BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 72
BEST CUSTODIAN BANK IN SERBIA

HYPO ALPE-ADRIA-BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 74
SPECIFIC FORMS OF FINANCING MAJOR PROJECTS

JUMBES BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 76
BANK FOR NEW CHALLENGES

KOMERCIJALNA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 78
DOMESTIC BANKING FLAGSHIP

KOSOVSKO METOHIJSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 80

DOING BUSINESS UNDER THE UN SECURITY RESOLUTION AND NBS REGIME

KULSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 82
A DECADE OF SUCCESS FOR KULSKA BANKA

LAIKI BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 84
EFFECTIVE, DIVERSIFIED AND QUALITY PRODUCTS AND SERVICES

LHB BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 86
NUMEROUS ADVANTAGES FOR THE BANKS CLIENTS
MERIDIAN BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 88
MEMBER OF THE EUROPEAN LARGEST GROUP – CREDIT AGRICOLE

METALS BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 90
SUCCESSFUL DEVELOPMENT

NATIONAL SAVINGS BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 92

STEADY GROWTH OF QUALITY AND NUMBER OF PRODUCTS

NATIONAL BANK OF GREECE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 94

BIGGEST IN THE BALKANS

NIŠKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 96
FROM TRADITION TO MODERN BANKING

PANONSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 98
WIDE ARRAY OF SERVICES IN COMMERCIAL AND INVESTMENT BANKING

PIRAEUS ATLAS BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 100

NEW NEEDS, NEW SOLUTIONS

POSTAL SAVINGS BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 102

EVERY SECOND CITIZEN IN SERBIA USER OF THE SERVICES

PRIVREDNA BANKA BEOGRAD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 104

EQUITY GROWTH AND SUCCESSFUL BUSINESS – MAJOR PRIORITIES

PRIVREDNA BANKA PANČEVO _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 106

THE GUARDIAN OF THE BANAT TREASURE

PROCREDIT BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 108

SHAREHOLDERS – LEADING INTERNATIONAL INSTITUTIONS

RAIFFEISEN BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 110

LEADING BANK IN SERBIA

SOCIETE GENERALE BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 112

SOCIETE GENERALE BANK IN SERBIA, THE SAME AS EVERYWHERE IN THE WORLD

SRPSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 114

IMPECCABLE STANDING AND HIGH LIQUIDITY

UNIVERZAL BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 116

UNIVERSAL BANKING

VOJVOĐANSKA BANKA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 118

LEADER IN RETAIL SAVINGS AND ISSUED PAYMENT CARDS

VOLKSBANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 120
FROM CONFIDENCE TO SUCCESS AND SATISFACTION

ZEPTER BANK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 122

FIRST DOMESTIC BANK WITH MAJORITY FOREIGN CAPITAL

SECURITIES COMMISSION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 124

BELGRADE STOCK EXCHANGE _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 126
UNIQUE IN SERBIA

CENTRAL REGISTER, CUSTODIAN AND SECURITIES CLEARING _ _ _ _ _ _ _ _ _ _ _ _ _ 128

CURRENTLY MORE THAN A HUNDRED MEMBERS
 The source of information on operation of banks in the year
2005 is the National Bank of Serbia, and the Association of
Serbian Banks.
The authors of texts on banks, National Bank of Serbia,
Securities Committee, Belgrade Stock Exchange, Central
Register, and Association of Serbian Banks are from the said
institutions.
Except for the texts on the Association of Serbian Banks,
all the other translations are made at the banks and financial
institutions presented in the book.

Izvor podataka o poslovanju banaka u 2005. godini su

Narodna banka Srbije i Udruženje banaka Srbije.
Autori tekstova o bankama, Narodnoj banci Srbije, Komisiji
za HoV, Beogradskoj berzi, Centralnom registru i Udruženju
banaka Srbije su iz pomenutih institucija.
Osim tekstova o Udruženju banaka Srbije ostali prevodi
su urađeni u bankama i finansijskim institucijama koje su
prikazane u knjizi.
CIP - Каталогизација у публикацији
Народна библиотека Србије, Београд

336.71(497.11)

SRPSKO bankarstvo = Serbian Banking /

[urednik, editor Svetlana Pantelić ; Prevod,
translation Svetlana Raičević]. - Beograd :
Udruženje banaka Srbije = Association of
Serbian Banks, 2006 (Beograd : Čugura
Print). - 129 str. : fotogr. ; 24 cm

Uporedo srp. tekst i engl. prevod. - Tiraž

1000.

ISBN 86-7080-013-6
1. Уп. ств. насл.
а) Банке - Србија
COBISS.SR-ID 130506508

© 2006
Sva prava zadržana. Ni jedan deo ove publikacije ne može biti reprodukovan
u bilo kom vidu i putem bilo kog medija, u delovima ili celini bez prethodne
pismene saglasnosti izdavača.