Metals-banka
Type | Joint-stock company |
---|---|
Industry | Financial services |
Founded | 1990 |
Fate | Bankruptcy procedure (since 2013) |
Headquarters | , |
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[]
Categories:
- Banks established in 1990
- Banks of Serbia
- Companies based in Novi Sad
- Defunct companies of Serbia
- Serbian companies established in 1990
- Banks disestablished in 2013
- Serbian brands
- Serbian company stubs