Jubanka
Jubanka (Serbian Cyrillic: Јубанка), formerly known as Alpha Bank Srbija, was a commercial bank based in Belgrade, Serbia. In December 2017, following the purchase in April 2017, it merged into AIK Banka.
Native name | Јубанка |
|---|---|
| Type | Joint-stock company |
| Industry | Finance and Insurance |
| Predecessor | Jubanka (1991–2005) Alpha Bank Srbija (2005–2017) |
| Founded | 7 January 1991 |
| Defunct | 25 December 2017 |
| Fate | Merged into AIK Banka |
| Successor | AIK Banka (since 2017) |
| Headquarters | , Serbia |
Area served | Serbia |
| Products | Commercial banking, Investment banking |
| Total assets |  €602.11 million (2016)[1] |
| Total equity |  €94.65 million (2016)[1] |
| Owner | AIK Banka (100%) |
Number of employees | 924 (2016)[1] cca. 100 (December 2017)[2] |
History
The bank was founded in 1991 as Jubanka and was the fifth-largest bank in Serbia as of 2005. On 26 January 2005, Greek Alpha Bank officially agreed the purchase of an 88.64% stake in Serbian Jubanka. By June 2005, its name was changed to Alpha Bank Beograd.
In April 2017, AIK Banka (majority owned by MK Group) purchased 100% of shares of the company, and reverted its former name Jubanka.[3] On 22 December 2017, Jubanka has completed the process of merging into AIK Banka and more than 800 of its employees have left the company from June until December 2017.[2][4] Since 25 December 2017, Jubanka operates under name AIK Banka.[2] Also, housing and cash loans to citizens, as well as credit card debt, took Société Générale Srbija.[2]
See also
References
- "БИЛАНС СТАЊА (2016) - Alpha Bank Srbija". apr.gov.rs (in Serbian). Retrieved 17 November 2017.
- "U Jubanci bez posla ostaje 800 radnika". novosti.rs (in Serbian). 18 November 2017. Retrieved 3 January 2018.
- "AIK Banka kupila Alpha Banku, vraća se ime Jubanka". bif.rs (in Serbian). 12 April 2017. Retrieved 17 November 2017.
- O., M. (25 December 2017). "AIK banka: Dođite u ekspoziture po platne kartice". danas.rs (in Serbian). Retrieved 3 January 2018.