Raiffeisen banka a.d. Beograd announces the successful completion of the legal and operative merger with RBA banka, which began by the acquisition of 100 per cent of shares of this bank (the former Crédit Agricole Srbija) in April last year. Starting from May 3, 2023, the two banks will operate as the new, integrated and larger Raiffeisen banka a.d. Beograd.
“This mutual journey has lasted a year and has confirmed the great potential for synergy and the complementary nature of the business models of the two banks. It would have been impossible to bring it to an end without the teams of our staff, their expertise and energy invested into the success of the joint project. Today, when we are embarking on further business as an even stronger, larger and joint bank, represents also the start of a new chapter – for us, as well as for our clients. They will have “the best of both banks“ at their disposal: an even larger branch network across Serbia, improved user experience, banking that combines the most advanced technologies with traditional knowledge and expertise“, Zoran Petrović, CEO of Raiffeisen banka, stated on this occasion.
The bank also emphasizes that great appreciation for the success of the integration project is due to its Austrian parent company, Raiffeisen Bank International, as well as the regulator, the National Bank of Serbia, which offered support and the framework for the realization of this most important endeavour since the beginning of the business activities of Raiffeisen banka in Serbia in 2001.
The integrated Raiffeisen banka has increased its market share in Serbia to 12 per cent*. The loan portfolio exceeded a value of almost € 3 billion, deposit potential of more than € 4.5 billion and the database of active clients exceeded the number of 1 million users.
The bank continues offering its services to clients at a total of 139 locations across Serbia, with an increased number of ATMs, which exceeds the number of 300 devices. Thanks to the quality of digital services and the most advanced banking solutions, clients who were doing business with RBA banka so far, will have at their disposal multifunctional devices or “smart ATMs“ for performing various transactions, available around the clock, seven days a week. The broad range of innovative digital solutions in both retail and corporate segments, products and services available fully online (account opening, loan approval, etc), will also contribute to their improved user experience.
On the other hand, RBA banka brings broad experience and expertise in doing business with the agricultural segment, where it was one of the market leaders in the past years, into the integrated bank. The joint bank will continue developing its business in this area and further improving its agricultural offer – for large agricultural companies, but also small acrigultural and family farms.
The bank will continue fostering those values that are woven into the business foundations of the whole Raiffeisen Group: responsibility towards the environment and the community where it does business, nurturing long-term partnerships with institutions in areas on which the power of every society is based on – art and culture, sports, education and science, protection of the environment.
*Data on the market share and market position is based on the officially available data published by the NBS as at September 30, 2022.
Raiffeisen banka a.d. Beograd is a member of Raiffeisen Bank International, one of the leading banking groups in Central and Eastern Europe. It began its business activities in 2001 and is continually developing its activities in retail banking, corporate banking, as well as treasury and investment banking.
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