Trisha Shetty (Editor)

KBM Banka

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Native name
  
KBM Banka / КБМ Банка

Traded as
  
BELEX: CYBN

Area served
  
Serbia

Revenue
  
13.76 million EUR (2013)

Number of employees
  
366

Total equity
  
17.27 million EUR (2013)

Type
  
Public company

Industry
  
Financial services

Headquarters
  
Kragujevac, Serbia

Founded
  
1871

Total assets
  
110.2 million EUR (2013)

KBM Banka wwwkamaticacomscriptstimthumbphpsrcimages

Key people
  
Alojz Kovše(President of executive board)

Parent organization
  
Nova Kreditna Banka Maribor d.d.

KBM Banka (full legal name: KBM Banka a.d. Kragujevac) (BELEX: CYBN) is a Serbian bank based in Kragujevac. KBM Banka a.d. Kragujevac was established as a joint stock company under the name of Jugobanka Jubanka d.d. Kragujevac, pursuant to the Decision on establishment of the Bank dated 27 June 1991, and the National Bank of Serbia Resolution dated 3 July 1991. The Bank was registered with the Commercial Court in Kragujevac on 9 July 1991. It continues the long history of banking in Kragujevac and Šumadija region. As of August 2013 it is majority owned by the Nova KBM d.d. from Maribor (76.64%) and Government of Serbia (12.89%).

Contents

History

  • 1871 – Founded in Kingdom of Serbia as Kragujevačka okružna štedionica, the bank started out locally serving Šumadija region.

    • Over the coming decades its operation was at the mercy of the region's eventful social and geo-political history.

  • 1955 – Following World War II and establishment of Federal People's Republic of Yugoslavia, it re-established operation as Komunalna banka .
  • 1970 – The bank was merged into the state owned Jugobanka.
  • 1991 – In the midst of the breakup of Socialist Federal Republic of Yugoslavia, it started operating independently within Jugobanka system as Jugobanka Jubanka a.d. Kragujevac.
  • 2000 – Šumadija banka a.d. Kragujevac was merged into the bank.
  • 2001 – In June, the bank's assembly agreed on the name change, thus adopting the current name Credy banka.
  • 2004 – In December, Srpska regionalna banka a.d. Beograd was merged into Credy banka, further expanding its network in Serbia.
  • 2013 – On 2 September, Credy banka changed its name to KBM Banka a.d Kragujevac, after the change in ownership structure.

    • 2011

    According to the Individual – Non-Audited financial statement for the first three cumulated quarters of 2011, total net operating revenues of KBM Banka increased with 31.45%, from RSD 774,076 thousands to RSD 1,017,521 thousands. Operating Results increased from RSD −541,910 thousands to RSD 30,473 thousands. In 2011 it had a market capitalization of US$23.341 million.

    References

    KBM Banka Wikipedia
    (Text) CC BY-SA