Belgrade Commercial Bank

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name: Belgrade Commercial Bank

hot: 349



Komercijalna banka (Komercijalna banka) is legally called Komercijalna banka ad Beograd. It is a Serbian bank established in 1970 and headquartered in Belgrade. Belgrade Commercial Bank opened 251 branches in Serbia.

The two largest shareholders of the Belgrade Commercial Bank are the Serbian government (42.6% shares) and the European Bank for Reconstruction and Development (25% shares). The bank management plans to privatize the bank by the end of 2017.

According to the latest annual consolidated financial report submitted to the Serbian Economic Registration Agency, Belgrade Commercial Bank has 3262 employees and a profit of 4,461,938 million dinars (38,92 million euros) in 2013. As of the end of 2013, the bank’s total assets were 3.361 billion euros. As of May 29, 2015, the bank’s market value was 26936 million euros.

The stock code of the Belgrade Commercial Bank listed on the Belgrade Stock Exchange is KMBN; the service areas include Serbia, Bosnia and Herzegovina, Montenegro, Macedonia; the CEO is Alexander Picker, with a total of 3262 employees, and the subsidiaries are Budva Commercial Bank and Komercijalna banka Banja Luka.

In 2013, Belgrade Commercial Bank had revenues of 321.08 million Euros, net profit of 38.92 million Euros, total assets of 3.361 billion Euros, and total equity of 584.7 million Euros.

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