RBA bank

RBA bank
Native name
RBA banka AD Novi Sad
РБА банка Србија АД Нови Сад
Company typeJoint-stock company
IndustryFinance
PredecessorMeridian Bank Crédit Agricole Group a.d. Novi Sad Crédit Agricole Srbija a.d. Novi Sad
Founded20 September 2001 (2001-09-20) (Current form)
1991 (1991) (Founded)
Defunct28 April 2023; 18 months ago (2023-04-28)
FateMerged with Raiffeisen Bank
SuccessorRaiffeisen Bank
Headquarters
Novi Sad
,
Serbia
Number of locations
74 branches
94 ATM
Area served
Serbia
Key people
Gianluca Giuseppe Borrelli (CEO)
ProductsCommercial banking
RevenueIncrease €43.342 thousand (2019)[1]
Increase €9.601 thousand (2019)[1]
Total assetsIncrease €1.09 million (2019)[2]
Total equityIncrease €105.273 thousand (2019) [2]
OwnerRaiffeisen Bank (100%)
Number of employees
  • Steady 945 (2019)

RBA bank (Serbian Cyrillic: РБА банка, romanized: RBA banka), formerly Crédit Agricole Srbija, was a commercial bank that existed from 1991 until 2023, when it merged into Raiffeisen Bank.

RBA bank was a bank with a focus on retail, corporate and agro activities. It offered a variety of services, with a network of 74 branches and 94 ATMs in Serbia. It served private individuals, small business and corporate customers (more than 300,000 clients). It wa the first bank in car loan financing, second in agri-business financing, with a strong market position in housing loans in Serbia, and also recognized as a reliable savings bank.[citation needed]

History

As of 14 September 2009, by the approval of the National Bank of Serbia, previous name of the bank was changed to Crédit Agricole Srbija. Initially the Bank was founded in October 1991 as a private bank called Yuco Bank with mixed capital. Since July 2005, it is majority owned by Crédit Agricole S.A. Paris, and operates under the name Meridian Bank Crédit Agricole until 2009 when it has been established under the current name.

On 5 August 2021, Raiffeisen Bank signed an agreement to acquire 100% of the shares of Crédit Agricole Srbija.[3]

On 2 September 2022, Crédit Agricole Srbija became RBA bank as a part of the process of merging with Raiffeisen Bank. RBA bank merged by the end of Q2 2023.[4] On 28 April 2023, ceased to exist after the process of merging was completed.

See also

References

  1. ^ a b "Bilans uspeha (2019) - CAS" (PDF). creditagricole.rs (in Serbian). Retrieved 21 July 2020.
  2. ^ a b "Bilans stanja (2019) - CAS" (PDF). creditagricole.rs (in Serbian). Retrieved 21 July 2020.
  3. ^ "RBI sees growth potential in Serbia / Signs agreement on the acquisition of Crédit Agricole Srbija A.D. Novi Sad". 6 August 2021.
  4. ^ "Crédit Agricole postala RBA banka - deo procesa pripajanja Raiffeisen banci". N1 (in Serbian). 2022-09-05. Retrieved 2022-10-16.