Komercijalna banka

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Not to be confused with Komercijalna banka Budva or Komercijalna banka Skopje.
Komercijalna banka
Native name
Комерцијална банка
TypeJoint-stock company
BELEX: KMBN
IndustryFinancial services
Founded6 May 1992; 29 years ago (1992-05-06) (Current form)
1 December 1970; 51 years ago (1970-12-01) (Founded)
Headquarters
Svetog Save 14, Belgrade
,
Serbia
Area served
Serbia
Key people
Vlastimir Vuković (Chief Executive Officer)
ProductsCommercial banking, Investment banking
Increase €70.90 million (2018)[1]
Total assetsIncrease €3.736 billion (2018)[1]
Total equityIncrease €605.12 million (2018)[1]
OwnerNLB Group (88.28%)
Others
(as of 6 May 2021)
Number of employees
3,076 (2018)[1]
SubsidiariesKombank Invest a.d.
Websitewww.kombank.com
Footnotes / references
Business ID: 07737068
Tax ID: 100001931 [2]

Komercijalna banka (full legal name: Komercijalna banka a.d. Beograd, Serbian Cyrillic: Комерцијална банка а.д Београд) is a bank founded in 1970 with headquarters in Belgrade, Serbia. It is majority owner by Slovenian NLB Group.

History[]

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

In November 2002, Komercijalna banka established Komercijalna banka Budva, operating in Montenegro.[3]

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

In March 2015, the bank's management announced that Government of Serbia plans to sell its stake in the bank in the second half of 2017.[5][6] However, the auction was postponed several times, with the latest announcements saying that it will be performed in 2019.[7] In June 2019, the Government of Serbia increased its stake in ownership by acquiring 6.8% of shares from DEG and Swedfund International for 43.7 million euros.[8] In November 2019, the Government of Serbia acquired 34.58% of shares from EBRD and International Finance Corporation for 217 million euros, increasing its stake in the bank to 83.23% of shares.[9] On 26 February 2020, the Government of Serbia signed a purchase agreement worth 387.02 million euros with the Slovenian NLB Group for 83.23% of shares in the bank.[10] As of 30 September 2021, NLB Group owns 88.28% of shares in the bank.

As of 30 December 2020, through the privatization process, Komercijalna banka has become part of NLB (Nova Ljubljanska banka) Group.

Market and financial data[]

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

See also[]

References[]

  1. ^ a b c d e "Audited consolidated financial report 31 December 2018" (PDF). kombank.com (in Serbian). Ernst & Young Belgrade. 12 March 2018. Retrieved 30 June 2019.
  2. ^ "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 28 February 2018.
  3. ^ "Komercijalna banka ad Budva obilježava dvije decenije poslovanja". bankar.me. Retrieved 31 January 2014.
  4. ^ "Statistički prikaz vlasništva preduzeća". crhov.rs. Retrieved 31 January 2014.
  5. ^ "Komercijalna povećala tržišni udeo". b92.net (in Serbian). Retrieved 31 March 2015.
  6. ^ "SRB: Komercijalna banka povećava dividendu, privatizacija 2017.godine". bankar.me (in Serbian). No. 3 November 2014. Retrieved 31 March 2015.
  7. ^ Lakić, Suzana (8 March 2019). "SAZNAJEMO Pet kompanija u trci za Komercijalnu banku". blic.rs (in Serbian). Retrieved 24 March 2019.
  8. ^ "SAZNAJEMO Država je danas dala 43 miliona evra za akcije KOMERCIJALNE BANKE, privatizacija se dodatno zahuktava". blic.rs (in Serbian). 26 June 2019. Retrieved 30 June 2019.
  9. ^ "Potvrđeno za B92: Republika Srbija otkupila udeo EBRD-a i IFC-a u Komercijalnoj banci". b92.net (in Serbian). 26 November 2019. Retrieved 26 November 2019.
  10. ^ "Potpisano: Prodate akcije Komercijalne banke - "Zadovoljni smo cenom"". b92.net (in Serbian). 26 February 2020. Retrieved 26 February 2020.
  11. ^ "KMBN - Komercijalna banka a.d. , Beograd - 21.02.2020". belex.rs. Retrieved 23 February 2020.

External links[]

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