Type Private Headquarters Belgrade, Serbia Revenue 289.9 million EUR (2013) Net income 47.2 million EUR (2013) Total equity 491.6 million EUR (2013) | Industry Finance and Insurance Area served Serbia Founded 2001 Total assets 1.792 billion EUR (2013) Parent organization Raiffeisen Zentralbank | |
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Native name Рајфајзенбанк а.д. Београд Predecessor Raiffeisenbank Jugoslavija a.d. | ||
Raiffeisen Bank (Serbian: Рајфајзенбанк а.д. Београд, or Raiffeisen banka a.d. Beograd) is the Serbian subsidiary of Austria-based Raiffeisen Bankgruppe.
History
Though it obtained the operating licence in March 2001, and fully operated since July 2001, the bank officially opened on October 12, 2001 during the Austrian chancellor Wolfgang Schüssel's state visit to Belgrade. Its original name was Raiffeisenbank Jugoslavija a.d.
With a founding capital of €10 million (99% of it belonging to RZB and 1% to Austrian Uniqa Beteiligungs Holding GmbH - insurance company), it became the first 100% foreign-owned bank in then-Federal Republic of Yugoslavia.
Starting from Belgrade, the bank gradually expanded its network all over Serbia.
In late February 2009, the bank posted a profit of €78 million for the 2008 calendar year.
During 2004 the name was changed to Raiffeisenbank a.d. Beograd.
As of 2009, bank maintains a total of 102 branches throughout Serbia - 50 in Belgrade, 6 in Novi Sad, 4 in Niš, 3 in Čačak, 2 in Kragujevac, and 2 in Temerin, as well as a single branch in each of the following cities: Bor, Zaječar, Stara Pazova, Vršac, Požarevac, Smederevo, Smederevska Palanka, Pančevo, Lazarevac, Obrenovac, Mladenovac, Subotica, Kikinda, Sombor, Zrenjanin, Inđija, Vrbas, Bačka Palanka, Bačka Topola, Šabac, Valjevo, Sremska Mitrovica, Loznica, Senta, Novi Pazar, Gornji Milanovac, Užice, Paraćin, Kraljevo, Kruševac, Jagodina, Aranđelovac, Vranje, Pirot, and Leskovac.