Type Private Area served Serbia Headquarters Belgrade, Serbia Founded 1991 Total equity 291 million EUR (2013) | Industry Finance and Insurance Key people Frederic Coin (CEO) Revenue 215.6 million EUR (2013) Total assets 1.927 billion EUR (2013) Parent organization Société Générale | |
Native name Sosijate Ženeral Srbija/
Сосијате Женерал Србија Predecessor Société Générale Yugoslav Bank Subsidiaries Sogelease Srbija Doo Beograd, Sogelease Srbija, Delta Generali Reosiguranje A.D. Beograd | ||
Société Générale Srbija (full name: Société Générale Banka Srbija a.d. Beograd) is a wholly owned subsidiary of the French-based Société Générale bank.
History
Société Générale first established a representative office in Belgrade in 1977. On February 12, 1991, Société Générale Yugoslav Bank was founded as the first bank with foreign capital to be established in former Yugoslavia. The bank was a joint venture between Paris-based Société Générale (75%), and the now defunct Beogradska banka (20%) and Banque Franco-Yougoslave (5%).
At first, it was established as a unit of SG Corporate & Investment Banking, and provided services to corporate customers only.
In 2001, it became a full-service universal bank, providing services to both corporate clients and individuals. It was only in late 2007 that the bank changed name to reflect the change the name of the country it operates in. It now has a network of more than 87 branches in Belgrade and other parts of Serbia.
According to its most recent annual financial report submitted to Serbian Economic Register Agency, the company has more than 1200 employees and it posted an annual loss of RSD 808,252,000 (approximately €7.05 million at the time) for the calendar year 2013.