6 Bankarstvo 4 2014

uvodnik

RANGIRANJE
Prof. dr Veroljub Dugalić KOMPANIJA, BANAKA
I OSIGURAVAJUĆIH
Generalni sekretar
Udruženje banaka Srbije
ubs@ubs-asb.com

DRUŠTAVA
CENTRALNE EVROPE

S
a malim vremenskim razmakom nedavno su objavljene liste najuspešnijih
firmi centralne Evrope i privrednih društava u Srbiji. Prvu “Top 500
kompanija” je izradila poznata revizorsko-konsultantska kuća Deloitte
a liste “STO NAJ...” uradila je Agencija za privredne registre.
STO NAJ zapravo predstavlja više rang lista koje su sačinjene na osnovu
analize i rangiranja podataka za 94.362 privredna društva i to prema uspešnosti
poslovanja - po osnovu prihoda i neto dobitka, zatim prema finansijskim
kapacitetima kojima raspolažu - po ukupnim sredstvima i kapitalu, kao i prema
visini iskazanih gubitaka. Na vrhu liste STO NAJ po poslovnim prihodima
nalazi se, kao i prethodne godine, NIS ad Novi Sad, zatim slede Fiat Automobili
doo Kragujevac, JP EPS Beograd i Telekom Srbija ad Beograd. Na sledećoj
listi STO NAJ najprofitabilnija privredna društva u 2013. godini bila su: NIS,
Telekom, Telenor i Tarkett doo Bačka Palanka. Po ukupnim sredstvima i po
kapitalu prvi na listi su JP Putevi Srbije i LP EPS.
Bankarstvo 4 2014 7

editorial

COMPANIES, BANKS
AND INSURANCE Prof Veroljub Dugalić PhD

COMPANIES IN
Secretary General
Association of Serbian Banks
ubs@ubs-asb.com

CENTRAL EUROPE
RANKED

T
he list of the most successful firms in central Europe and the list of
the most successful business companies in Serbia have recently
been published, following one another closely. The first list, Top 500
Companies was compiled by Deloitte, the famous auditing and consulting firm,
whereas the TOP 100… lists were compiled by the Business Registers Agency.
TOP 100… is actually a group of ranking lists compiled based on the
analysis and ranking of data for 94,362 business companies, according to how
successful their business performance is - i.e. revenues and net profit, then
according to the financial capacity they have at their disposal - i.e. total assets
and capital, and according to the amount of recorded losses. The first place at
the TOP 100 list according to business revenues is, like in the previous year,
taken by NIS a.d. Novi Sad, followed by Fiat Automobiles d.o.o. Kragujevac,
JP EPS Beograd, and Telekom Serbia a.d. Belgrade. At the next TOP 100 list,
the most profitable business companies in 2013 were: NIS, Telekom, Telenor
and Tarkett d.o.o. Bačka Palanka. When it comes to total assets and capital, the
first on the list are JP Putevi Srbije and LP EPS.
 8 Bankarstvo 4 2014

U milionima EUR izmena rangiranih

Rang Naziv kompanije Prihod od prodaje 2013. Neto profit 2013. kompanija iz Srbije.
Na osnovu podataka
63. NIS 2.294,2 427,6
o prihodima od
85. JP EPS 1.858,7 169,6 prodaje u 2011.
115. FIAT Automobili Srbija 1.486,4 10 godini na “Top 500”
192. Telekom Srbija 1.015,6 138,8 našlo se 11 naših
kompanija: EFT (67.
228. Delhaize Srbija 892,6 41,1
mesto), NIS (89), EPS
261. EFT Investments 841,2 10,1 (99), Telekom (175),
387. JP Srbijagas 607 449,3 Delta (188), Deleze
418. Tarkett Bačka Palanka 564,6 65,7
(201), Srbijagas (283),
US Steel Srbija (306),
427. Mercator 551,7 4,9
Viktorija grupa
490. Idea Beograd 487,8 -20,6 (462), Mercator
Predstavnici Srbije na rang listi Deloitte „Top 500 kompanija“ (472) i Tarkett (484).
Jedanaest kompanija
iz Srbije na ovoj listi
Na sada već tradicionalnoj listi “Top 500 našle su se i u 2010. godini. U 2009. godini
kompanija u centralnoj Evropi” rangiranih 12 kompanija iz naše zemlje našlo se na ovoj
prema visini prihoda od prodaje u 2013. godini rang listi (o čemu smo pisali u uvodniku
10 je iz Srbije. To su: NIS, ovog časopisa iz 2010. godine:
JP EPS, Fiat Automobili Odmeravanje, br 7-8, 2010.
Srbija, Telekom Srbija, godine.
Delhaize Serbia, “Na listi Top 500 kompanija
EFT Investments, JP centralne Evrope za 2009.
Srbijagas, Tarkett Bačka godinu nalazi se 12 kompanija
Palanka, Mercator i Idea iz Srbije po osnovu ostvarenih
Beograd. Na ovoj rang listi povećan je broj naših prihoda od prodaje. Najbolje plasirana je Delta
kompanija u odnosu na prethodnu 2012. godinu grupa koja se nalazi na 72. mestu sa ostvarenim
kada je bilo osam kompanija. To su bile: EFT na prihodom od 1,67 milijardi evra, potom EPS na
63. mestu, NIS na 78. mestu, EPS na 108. mestu, 75. sa 1,64 milijardi evra, PTT Srbija na 101. sa
Telekom na 190, Delhaize na 235, Srbijagas na 1,30 milijardi evra i NIS na 109. mestu sa 1,25
355, Tarkett na 435. i Merkator na 470. mestu. milijardi evra prihoda. Na ovoj rang listi našle
Novi na listi su Fiat Automobili i Idea. su se i sledeće kompanije: Telekom Srbija (118),
Tokom 2013. godine nakon drugog talasa
krize koji je ispoljen u prethodnoj godini, u
srpskoj privredi je došlo do blagog stišavanja
tenzija, mada su i dalje evidentne posledice
recesionih kretanja. Skromni oporavak
domaće ekonomije oslikava godišnji rast EFT Holding (149), Delta Maxi (239), Srbijagas
domaćeg bruto proizvoda od 2,5% koji je (308), US Steel Serbia (351), Mercator S (419),
ostvaren uz intenzivniji godišnji prirast nivoa Yugorosgaz (485) i Idea (488).
industrijske proizvodnje od 5,5%. Kao ključni Istovetna rang lista godinu dana ranije imala
generator laganog oživljavanja privrednih je upola manje srpskih kompanija, ali su one
aktivnosti izdvaja se izvoz, koji je u poređenju zauzimale značajno viša mesta: NIS je bio na 28.
sa prethodnom godinom povećan čak za mestu sa 3,72 milijarde evra prihoda, EPS na 96.
četvrtinu. Time se, donekle, može objasniti i mestu sa 1,68 milijardi evra, Delta Maxi na 101.
ovaj povećan broj kompanija na listi Deloitte. mestu (1,64 milijardi EUR), PTT na 125. mestu
Ako se pogleda lista Deloitte iz 2011, 2009. (1,4 milijarde EUR), US Steel Serbia na 183 (1,04
i 2008, uočljivo je da nije došlo do značajnijih milijardi EUR) i Srbijagas na 287. mestu (744,1
Bankarstvo 4 2014 9

In EUR million by as much as one

Rank Company name Sales revenue in 2013 Net profit in 2013 fourth. This may,
to a certain extent,
63 NIS 2,294.2 427.6
explain the increased
85 JP EPS 1,858.7 169.6 number of companies
115 FIAT Automobiles Serbia 1,486.4 10 at the Deloitte list.
192 Telekom Serbia 1,015.6 138.8 If we take a look
at the Deloitte lists
228 Delhaize Serbia 892.6 41.1
from 2011, 2009, and
261 EFT Investments 841.2 10.1 2008, it is evident
387 JP Srbijagas 607 449.3 that no considerable
418 Tarkett Bačka Palanka 564.6 65.7
changes have taken
place concerning the
427 Mercator 551.7 4.9
ranked companies
490 Idea Belgrade 487.8 -20.6 from Serbia. Based
The Serbian representatives at the Deloitte Top 500 Companies ranking list on the data about
sales revenues in
2011, the Top 500 list
At the already traditional list Central Europe included 11 Serbian companies: EFT (67th place),
Top 500 Companies, ranked according to the NIS (89th), EPS (99th), Telekom (175th), Delta
amount of sales revenues, in 2013 there are (188th), Deleze (201st), Srbijagas (283rd), US
10 companies from Serbia. These are: NIS, JP Steel Serbia (306th), Victoria Group (462nd),
EPS, Fiat Automobiles Serbia, Telekom Serbia, Mercator (472nd), and Tarkett (484th). These
Delhaize Serbia, EFT Investments, JP Srbijagas, eleven companies from Serbia found their
Tarkett Bačka Palanka, Mercator and place on the list in 2010
Idea Beograd. The number of Serbian as well. In 2009, the 12
companies on this list increased companies from Serbia
compared to 2012, when only eight made it to this ranking
companies made it to the list. Those list (which we wrote
were: EFT at the 63rd place, NIS at about in the Editorial
78th, EPS at 108th, Telekom at 190th, to this Journal in 2010:
Delhaize at 235th, Srbijagas at 355th, “Weighing”, no. 7-8,
Tarkett at 435th, and Mercator at the 2010).
470th place. The new on the list are “At the 2009 list of
Fiat Automobiles and Idea Belgrade. Central Europe Top 500
In 2013, following the second wave companies, there are 12
of the crisis manifested in the previous year, the companies from Serbia ranked according to
tensions in the Serbian economy were slightly the achieved sales revenues. The best-ranked
appeased, although the consequences of the is Delta Group which holds 72nd place with the
recessionary trends have still been evident. achieved revenues of EUR 1.67 billion, followed
The modest recovery of domestic economy is by EPS in the 75th place with EUR 1.64 billion,
reflected in the annual GDP growth by 2.5%, PTT Serbia in the 101st place with EUR 1.30
achieved side by side with the more intensive billion and NIS in the 109th place with EUR
annual growth of the industrial production by 1.25 billion. The following companies were also
5.5%. As the key generator of the slight revival ranked in this list: Telekom Serbia (118th), EFT
of economic activities, we may single out export, Holding (149th), Delta Maxi (239th), Srbijagas
which, compared to the year before, increased (308th), US Steel Serbia (351st), Mercator S
(419th), Yugorosgaz (485th) and Idea (488th).
This very same ranking list just a year
ago included only half the number of the
Serbian companies, but these were ranked
 10 Bankarstvo 4 2014

milion EUR).” drugom mestu ove rang

Na listi “Top 500” koja liste.
je nedavno objavljena Od država bivše
najveći broj kompanija je iz Jugoslavije Hrvatska
oblasti robe široke potrošnje je prisutna sa 3 banke:
i transporta, a potom iz ZABA (na 10. mestu), PBZ
energetskog sektora. Po (25) i Erste Croatia (27), a
broju plasiranih firmi centralne Evrope za 2013. na Slovenija sa NLB Group (17). Sve ove nabrojane
prvom je mestu Poljska, a na drugom Mađarska. banke su u 2012. godini bile bolje plasirane, sem
Od zemalja nekadašnje Jugoslavije rangirane su Erste Croatia koja je u 2013. godini ostvarila
kompanije iz Slovenije (16), Hrvatske (12), Srbije značajan pomak i sa 39. mesta popela se na 27.
(10), BIH (3) i Makedonije (1). Od matičnih banaka koje se nalaze i u Srbiji
Prve tri na ovoj listi našle su se četiri Raiffeisen
firme na ovoj banke iz Poljske (na 16. mestu), Češke
listi su PKN (35), Mađarske (42) i Rumunije (46). Sa
Orlen iz Poljske istim brojem zastupljene su i UniCredit
sa 27.037,2 banke u Češkoj (11), Bugarskoj (37),
miliona EUR Rumuniji (40) i Mađarskoj (48). Osim
prihoda od ovih, prisutne su i Erste banka u
prodaje i -26,1 milion EUR neto profita, MOL Hrvatskoj (27) i Mađarskoj (34), i po jedna OTP
iz Mađarske (18.121,1 milion EUR i -65,1 milion banka u Mađarskoj (5) i NLB banka u Sloveniji
EUR) i ŠKODA AUTO iz Češke Republike (17). U odnosu na prethodnu 2012. godinu sve
(10.311,2 miliona EUR i 454,4 miliona EUR). Sve ove nabrojane
tri prvoplasirane firme nalaze se na istom mestu banke nisu u
kao i godinu dana ranije. 2013. godini
Osim ove, Deloitte objavljuje i liste 50 značajnije
najvećih banaka i 50 najvećih osiguravajućih promenile
kompanija centralne Evrope. Na listi najvećih mesto na
banaka nema ni jedne banke iz Srbije kao što ih rang listi. Najveći pad za 9 mesta ostvarila je
nije bilo ni poslednjih sedam godina, od kada Erste banka u Mađarskoj i za 8 mesta Raiffeisen
postoje ove rang liste. Najveće banke po aktivi banka u Češkoj.
u 2013. godini su: PKO Bank Polski sa aktivom Na listi Top 50 osiguranja našao se jedan
od 48.039,9 miliona EUR i neto profitom 704,8 predstavnik Srbije - Dunav Osiguranje. Ovo
miliona EUR, Bank Pekao, takođe iz Poljske, sa osiguravajuće društvo sa bruto obračunatom
aktivom od premijom u 2013. godini od 148,5 miliona EUR
38,223,9 i neto profitom od -7,6 miliona EUR zauzelo
miliona je poslednje 50 mesto na listi. Inače najveća
EUR i neto osiguravajuća društva u centralnoj Evropi su:
profitom PZU iz Poljske, Česka Pojislovna iz Češke i
od 659,7 WARTA, takođe iz Poljske.
miliona EUR i ČSOB iz Češke Republike sa
aktivom od 37.855,1 milion EUR i neto profitom Glavni i odgovorni urednik
od 524,2 miliona EUR. PKO je i u prethodnoj, 2012. dr Veroljub Dugalić
godini bila na prvom mestu, a drugoplasirana
je bila na trećem, dok je trećeplasirana bila na
Bankarstvo 4 2014
considerably higher: NIS was ranked 28th with
EUR 3.72 billion of revenues, EPS was ranked
96th with EUR 1.68 billion, Delta Maxi was
ranked 101st (EUR 1.64 billion), PTT was ranked
125th (EUR 1.4 billion), US Steel Serbia was
ranked 183rd (EUR 1.04 billion) and Srbijagas
was ranked 287th (EUR 744.1 million).”
The majority of companies at the recently
published Top 500 list are in the field of common
goods and transport, followed by the ones in
the energy sector. According to the number
of ranked firms in central Europe in 2013,
Poland holds
the first place,
followed by
Hungary. Out
of the former
Yugoslav
countries, the ranked companies are from
Slovenia (16), Croatia (12), Serbia (10), Bosnia
and Herzegovina (3), and Macedonia (1).
The top three firms at the list are PKN
Orlen from Poland, with EUR
27,037.2 million of sales revenues
and EUR -26.1 million of net profit,
MOL from Hungary (EUR 18,121.1
million and EUR -65.1 million),
and ŠKODA AUTO from Czech
Republic (EUR 10,311.2 million
and EUR 454.4 million). All three top-ranked
firms have held the same position as in the year
before.
In addition to this one, Deloitte also publishes
the list of Top 50 Banks and Top 50 Insurance
Companies in central Europe. The Top 50 banks
list does not include any banks from Serbia,
which has been the case in the past seven years,
since the establishment of these ranking lists.
The biggest banks in terms of assets in 2013 are:
PKO Bank Polski with the assets amounting to
EUR 48,039.9 million and net profit of EUR 704.8
million; Bank Pekao, also from Poland, with
the assets amounting to EUR 38.223.9 million
and net profit of EUR 659.7 million; and ČSOB
from Czech Republic with the assets amounting
to EUR 37,855.1 million and net profit of EUR
524.2 million. In 2012 PKO held the first place as
11
well, while the second- and third-ranked banks
in the meantime switched their places at this
ranking list.
Out of the former Yugoslav countries,
Croatia is represented by 3 banks: ZABA (at
the 10th place), PBZ (25th), and Erste Croatia
(27th), and Slovenia by NLB Group (17th).
All these banks were better ranked in 2012,
except for Erste Croatia which in 2013 achieved
considerable progress, having reached the 27th
place as opposed to the previous 39th.
Out of the parent banks also operating in
Serbia, the list included four Raiffeisen
banks: from Poland (at the 16th place),
Czech Republic (35th), Hungary (42nd),
and Romania (46th). The number of
UniCredit banks is the same: from Czech
Republic (11th), Bulgaria (37th), Romania
(40th), and Hungary (48th). Besides these, the
list includes two Erste banks, one from Croatia
(27th) and one from Hungary (34th); OTP
Bank from Hungary (5th) and NLB Bank from
Slovenia (17th).
Compared to the
previous year,
2012, the ranking
of the above
mentioned banks
has not significantly
changed in 2013. The biggest drop, by 9 places,
has been recorded by Erste Bank from Hungary,
and, by 8 places, by Raiffeisen Bank from Czech
Republic.
The Top 50 Insurance Companies list
includes one representative from Serbia - i.e.
Dunav Osiguranje. This insurance company,
with the net calculated premium in 2013
amounting to EUR 148.5 million and net profit
of EUR -7.6 million, holds the last, 50th position
at the list. The major insurance companies in
central Europe are: PZU from Poland, Česka
Pojislovna from Czech Republic and WARTA,
also from Poland.
Editor in Chief
Veroljub Dugalić PhD