Beogradska Banka
The Beogradska Banka (in Cyrillic : Београдска Банка; Belgrade Bank ) was a bank in Yugoslavia .
It was created on January 1, 1971 through the merger of Privredna Banka u Beogradu ( Business Bank in Belgrade ) with Beogradska Udružena Banka ( Belgrade United Bank ) and was henceforth the largest Yugoslav bank. It also had offices abroad, including in Vienna , Düsseldorf , Hanover , Stuttgart , Munich , Frankfurt am Main and East Berlin . In 1978 the bank was renamed Udružena Beogradska Banka (United Belgrade Bank) after merging with the Jugoslovenska Investiciona Banka Beograd (Yugoslav Investment Bank Belgrade ), and in 1991 it was renamed Beogradska Banka again .
From 1978 to 1983 Slobodan Milošević was director of Beogradska Banka.
In the 1990s, during the sanctions against the rest of Yugoslavia, the bank shifted several billions of government funds to offshore companies in Cyprus in order to circumvent the UN embargo. These companies belonged to the Milošević regime and its helpers. Beogradska Bank, the bank's executive director, Zoran Marković, his deputy and many other senior executives of the bank were designated by the EU as helpers of the Milosević regime as a result of the events.
After the peaceful revolution in 2000, what was going on in the bank was investigated, but no criminal case was found.
The bank closed in 2002 after its banking license was revoked. The main reason for this was pressure from the International Monetary Fund , which complained , among other things, of the lack of competition in Serbia and Montenegro . Four banks (Beogradska Banka, Investbanka , Obanka and Jugobanka ) dominated the financial market with a market share in investment, export and private customer business of around 90%. With the liquidation of the banks, thousands of bank employees lost their jobs overnight.
literature
- Advertisements in: The Times, June 23, 1971 p. 16, March 23, 1977 p. IV, and April 21, 1978 p. 16
- Handelsblatt dated August 11, 1999
- Yugoslavia's largest banks in bankruptcy , in: Neue Zürcher Zeitung (Swiss edition) of January 8, 2002, p. 23
- Article Yugoslavia , in: Nations in transit 2001. Civil society, democracy, and markets in East Central Europe and the Newly Independent States , edited by Adrian Karatnycky, 2001 ( ISBN 0-7658-0897-8 ), p. 431
swell
- ↑ The Banana Republic of the EU / Diplomatic Observer ( Memento of the original from April 29, 2007 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Official Journal of the European Community (June 19, 1999), from page 72 (PDF)
- ↑ Investment Guide Serbia-Montenegro - Industrial Tradition ( Memento of the original from May 10, 2007 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Serbia: Reorganization on the Edge of Europe
