Metals-banka

Metals-banka a.d. Novi Sad
	Official logo
Type	Joint-stock company
Industry	Financial services
Founded	1990
Fate	Bankruptcy procedure; (since 2013)
Headquarters	Novi Sad, Serbia
Services	Commercial and investment banking

Metals-banka (Serbian: Металс-банка) or Development Bank of Vojvodina (Serbian Cyrillic: Развојна Банка Војводине), is a Serbian commercial and investment bank, which declared bankruptcy in 2013.

History[]

The bank was founded in 1990 by metal processing enterprises. In 2005, the bank acquired its rival "DDOR banka" in 2005 for an undisclosed amount.^[1] In 2010, a majority of shares of Metals-banka was acquired by the provincial government of Vojvodina and turned into the "Development Bank of Vojvodina".^[1]^[2] In April 2013, the bank went into bankruptcy procedure due to insolvency.^[3] It was caused by issuing loans without proper guarantees, which cost the bank around 20 million euros.^[3]

References[]

^ ^a ^b "Razvojna Banka Vojvodine A.D." Emerging Markets Information Service (EMIS). Retrieved 4 May 2012.
^ "Metals-banka becomes the Development Bank of Vojvodina". www.rbv.rs. 28 September 2010. Retrieved 24 June 2012.
^ ^a ^b "Razvojna banka Vojvodine od danas u stečaju". 021.rs (in Serbian). 8 April 2013. Retrieved 17 May 2018.

External links[]

Official website
U čijim je džepovima 200 miliona evra Metals banke? (in Serbian)

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[EMIS-1] "Razvojna Banka Vojvodine A.D." Emerging Markets Information Service (EMIS). Retrieved 4 May 2012.

[2] "Metals-banka becomes the Development Bank of Vojvodina". www.rbv.rs. 28 September 2010. Retrieved 24 June 2012.

[bankruptcy13-3] "Razvojna banka Vojvodine od danas u stečaju". 021.rs (in Serbian). 8 April 2013. Retrieved 17 May 2018.

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