OTP Banka Srbija

OTP Banka Srbija (full legal name: OTP Banka Srbija a.d. Novi Sad), formerly known as Vojvođanska banka, is a bank operating in Serbia, with its headquarters in Novi Sad. It is a member of Hungarian OTP Bank Group.

Not to be confused with OTP banka Srbija a.d., which merged into the bank in 2021.
OTP Banka Srbija
Native name
ОТП Банка Србија
FormerlyVojvođanska banka (2019–2021)
OTP banka Srbija (2007–2019)
TypeJoint-stock company
IndustryFinance and insurance
PredecessorNiška Banka a.d. Niš
Zepter banka a.d. Beograd
Kulska banka a.d. Novi Sad
(until 2017)
Founded30 April 2021 (2021-04-30) (Current form)
10 April 1995 (1995-04-10) (Founded)
Headquarters
Novi Sad
,
Serbia
Area served
Serbia
Key people
Predrag Mihajlović (CEO)
ProductsCommercial banking, Investment banking
RevenueDecrease €69.65 million (2020)[1]
Positive decrease (€10.40 million) (2020)[1]
Total assetsIncrease €2.118 billion (2020)[2]
Total equityDecrease €263.79 million (2020)[2]
OwnerOTP Bank Group (100%)
Number of employees
1,880 (2020)
Websiteotpbanka.rs

History

The Hungarian OTP Bank Group entered the Serbian banking market under the name "OTP banka Srbija" on 21 May 2007, being formed through the merger of three Serbian banks: Niška Banka a.d. Niš, Zepter banka a.d. Beograd and Kulska banka a.d. Novi Sad.

In December 2017, OTP Bank bought 100% of shares of Vojvođanska banka from the National Bank of Greece, thus was becoming the sixth-largest commercial bank in Serbia with banking market share of 6%.[3]

In May 2019, the process of integration of OTP banka Srbija and Vojvođanska banka was finalized, and OTP Bank as majority owner decided to operate under name "Vojvođanska banka" on Serbian market.[4] As of 2019, Vojvođanska banka is among the top ten largest banks in Serbia by asset size.[4] With the fourth-largest network in Serbia, four regional business centers for small and medium-sized enterprises and with over a million clients, Vojvođanska banka covers the entire territory of the country.[4]

In September 2019, OTP Bank officially bought Société Générale Srbija after the agreement was made in December 2018,[5] and the process of integration is planned to be finalized in 2021.[6] The bank fully merged on 30 April 2021.

  • Branch in Apatin
    Branch in Apatin
  • Branch in Čačak
    Branch in Čačak
  • Branch in Jagodina
    Branch in Jagodina
  • Zrenjanin branch
    Vojvodjanska bank in Zrenjanin

See also

References
  1. "Bilans uspeha (2020) – OTP Banka Srbija a.d." (PDF). apr.gov.rs (in Serbian). Retrieved 1 January 2022.
  2. "Bilans stanja (2020) – OTP Banka Srbija a.d." (PDF). apr.gov.rs (in Serbian). Retrieved 1 January 2022.
  3. "Završena finansijska transakcija - OTP kupila Vojvođansku". n1info.com (in Serbian). 11 December 2017. Retrieved 4 January 2018.
  4. "Završeno spajanje Vojvođanske i OTP banke". blic.rs (in Serbian). Tanjug. 9 May 2019. Retrieved 26 May 2019.
  5. Landauro, Inty; Szakacs, Gergely (20 December 2018). "SocGen agrees to sell Serbian unit to Hungary's OTP Bank". reuters.com. Retrieved 1 October 2019.
  6. "OTP kupio Sosijete ženeral banku u Srbiji". n1info.com (in Serbian). 25 September 2019. Retrieved 1 October 2019.


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