Société Générale Srbija

Société Générale Srbija

Native name	Sosijate Ženeral Srbija/ Сосијате Женерал Србија
Type	Private
Industry	Finance and Insurance
Predecessor	Société Générale Yugoslav Bank
Founded	Belgrade, Serbia (February 12, 1991 (1991-02-12)) First founded 1977
Headquarters	Belgrade, Serbia
Area served	Serbia
Key people	Frederic Coin (CEO)
Products	Commercial banking, Investment banking
Revenue	€215.62 million (2013)
Net income	-€7.05 million (2013)
Total assets	€1.927 billion (2013)
Total equity	€290.98 million (2013)
Owner	Société Générale (100%)
Number of employees	1,382
Parent	Société Générale
Website	www.societegenerale.rs

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.

External links

• Société Générale Srbija