AIK Banka

AIK Banka (full legal name: AIK Banka a.d. Belgrade) is a commercial bank based in Belgrade, Serbia.

AIK Banka
TypeJoint-stock company
IndustryBanking
Founded10 August 1993 (1993-08-10)
Headquarters
Bulevar Mihaila Pupina 115đ, Belgrade
,
Serbia
Key people
Miodrag Kostić (Chairman)
Jelena Galić (CEO)
€101.97 million (2017)[1]
Total assets €1.767 billion (2017)[1]
Total equity €516.25 million (2017)[1]
OwnerBDD M&V Investments (97.17%)
Others
Number of employees
768 (2017)[1]
Websitewww.aikbanka.rs

History

Upon being founded, AIK Banka initially operated as an internal bank of the Agro Industrial Combine Niš since 1976. On 10 August 1993, after obtaining the license of the National Bank of Yugoslavia, it became a full-fledged financial institution, working with legal entities and individual clients, registered as a joint venture.

Greek ATEbank acquired 24.99% of common and 24.99% of preferential shares of AIK Banka in 2006 for an undisclosed amount.

In February 2014, a Serbian company Sunoko (subsidiary of MK Group), became the major shareholder of the company with 50.37% of total shares at the time.[2] On 1 July 2015, the bank moved its headquarters from Niš to Belgrade, and also changed its legal name to AIK Banka a.d. Belgrade.[3]

In 2015, AIK Banka became a member of the MK Group. By purchasing the shares of the Slovenian Gorenjska banka in 2016, AIK Banka increased its income and profitability, continuing its expansion outside the Serbian market, i.e. toward the EU.

Locally, AIK Banka ensured further growth by acquiring 100% of shares of Alpha Bank in April 2017.[4] On 22 December 2017, Jubanka has completed the process of merging into AIK Banka and more than 800 of Jubanka's employees have left the company from June until December 2017.[5][6]

As of December 2017, AIK Banka owns 75.99% of shares in Slovenian Gorenjska banka.[7][8] As of December 2017, Gorenjska banka controls 4.7% of Slovenian banking market share.[7] AIK Banka finished the 2017 calendar year with record 101.97 million euros of net profit, the most in the Serbian banking market.[1][9]

Prizes and awards

The European Business Council, a renowned independent corporation of economic, social and humanitarian collaboration, acknowledged AIK Banka as the best regional institution at the International Socrates Award Ceremony [10] in 2016. Simultaneously, the President of the Executive Board, Ms. Jelena Galić, was named the manager of the year. Additionally, two years in a row, in 2015 and 2016, AIK Banka was a recipient of a prestigious award of a renowned international magazine ‘International Banker’,[11] for the best commercial bank in Serbia and for providing best customer services in Eastern Europe.

Market data

As of 16 November 2017, AIK Banka has a market capitalization of 125.83 million euros.[12]

See also

References
  1. "Finansijski izveštaji 31. decembar 2017. godine i Izveštaj nezavisnog revizora" (PDF). aikbanka.rs (in Serbian). Deloitte; AIK Banka. 23 April 2018. Retrieved 4 June 2018.
  2. "Kostić kupio AIK banku". politika.rs (in Serbian). 27 February 2014. Retrieved 2 August 2015.
  3. "Kostić preselio AIK banku". b92.net/ (in Serbian). 1 August 2015. Retrieved 2 August 2015.
  4. "AIK Banka kupila Alpha Banku, vraća se ime Jubanka". bif.rs (in Serbian). 12 April 2017. Retrieved 17 November 2017.
  5. "U Jubanci bez posla ostaje 800 radnika". novosti.rs (in Serbian). 18 November 2017. Retrieved 3 January 2018.
  6. O., M. (25 December 2017). "AIK banka: Dođite u ekspoziture po platne kartice". danas.rs (in Serbian). Retrieved 3 January 2018.
  7. "Sava to sell its stake in Gorenjska Banka to Serbia's AIK -report". reuters.com. Reuters. 13 December 2017. Retrieved 12 January 2018.
  8. "Kostić će za Gorenjsku banku platiti čak 80 milijuna eura". poslovni.hr (in Croatian). 17 December 2017. Retrieved 12 January 2018.
  9. Obradović, Miloš (25 April 2018). "Kostićeva AIK banka zaradila 100 miliona evra". danas.rs (in Serbian). Retrieved 4 June 2018.
  10. "Archived copy". Archived from the original on 2017-08-02. Retrieved 2017-08-02.CS1 maint: archived copy as title (link)
  11. http://www.blic.rs/vesti/drustvo/aik-banka-proglasena-za-najbolju-banku-u-srbiji/zndd0xs
  12. "Pokazatelji: AIKB". belex.rs (in Serbian). Retrieved 17 November 2017.
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