Native name | Војвођанска банка |
|---|---|
| Company type | Joint-stock company |
| Industry | Banking |
| Founded | 30 May 1995 (1995-05-30) |
| Defunct | 26 April 2019 (2019-04-26) |
| Fate | Merged withOTP banka Srbija |
| Successor | Vojvođanska banka |
| Headquarters | , |
Area served | Serbia |
| Products | Commercial banking,Investment banking |
| Owner | OTP Bank(100%) |
Vojvođanska banka a.d. Novi Sad, commonly justVojvođanska banka was a bank based inNovi Sad, Serbia. It was a universal bank, with functions of commercial and investment banking. In December 2017, it became a member ofOTP Bank Group and merged withOTP banka Srbija, which later changed name to Vojvođanska banka.
The first branch of Vojvodjanska banka was founded in 1868 inSombor as a credit cooperative. Later in 1962, Vojvodjanska banka was repackaged asPrivredna banka; soon after,Privredna banka was joined byKomercijalna bankaSenta,Komercijalna bankaBačka Topola,Sremska bankaSremska Mitrovica,Kreditna bankaKula andBanatska bankaZrenjanin. In 1973,Privredna banka became Vojvođanska banka, the largest banking institution in the province ofVojvodina and one of the largest in the country. It had 16 branches.
In the end of the 1970s, Bank opened three independent representative offices inNew York City,London andFrankfurt; and joint representative offices established inMoscow,Beijing andTehran.
In the 1980s, Vojvođanska Bank became a member of the Yugoslav Banking Consortium for the realization of the first loan granted byIFC for the development of small companies; and Associate Bank realized 70% of the total foreign exchange operations ofVojvodina economy. In 1989, the Bank split up into 9 equal successors; the Head Office and 8 branches.
Later, during the 1990s, Bank started to open more branches inCentral Serbia,Banja Luka (inRepublika Srpska) and inPodgorica (Montenegro). The branch office in Banja Luka became an independent bank with the major equity share in private ownership. Vojvodjanska banka was the co-founder and shareholder ofVB Banja Luka.
On 30 May 1995, Vojvodjanska banka d.d. became Vojvodjanska banka a.d. (joint-stock company) and was registered within the Serbian Agency for Business Registers. TheGovernment of Serbia owned a majority of shares.
In September 2006,National Bank of Greece bought 99.44% of Vojvođanska banka's capital for€385 million.[1] In Serbian retail banking market, it is the first inSerbian Dinars savings, third in foreign currency savings and first according to the number of issuedVISA cards – over 430,000.[2]
In December 2017,OTP banka Srbija bought 100% of shares of Vojvođanska banka from the National Bank of Greece.[3] In May 2019, the process of integration of OTP banka Srbija and Vojvođanska banka was finalized, andOTP Bank as majority owner decided to operate under nameVojvođanska banka on Serbian market, formally changing the "OTP banka Srbija" name.[4]
As of 2017, the bank had a total of 104 branches in 80 cities across Serbia.[citation needed]
The first logo of Vojvođanska banka was designed in 1957. It contained the two upper-case Latin lettersV andB like the geometric shape, where the letterV was shaped as parallelogram and the letterB was shaped as two halves of circle. This logo of the Bank was in use until 1973. From 1973, the Vojvođanska banka logo contained the two lower-case Latin lettersv andb, where the letterv was smaller than the letterb and the first letter was placed above the second letter. This logo of the Bank was in use until 1992, when it was replaced logo similar to theAmerican dollar sign which contains the two upper-case Cyrillic lettersВ andБ, where the letterВ is reversed and touches the letterБ.
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