AIK Banka's Path to Expansion through Strategic Acquisitions

AIK Banka has been expanding its reach through strategic acquisitions, which has been a key factor in its growth. The bank has a strong presence in the Balkan region.

In 2018, AIK Banka acquired a majority stake in Komercijalna Banka, a move that significantly increased its market share in Serbia. This acquisition marked a major milestone in the bank's expansion plans.

The acquisition of Komercijalna Banka allowed AIK Banka to tap into a larger customer base and expand its services to new areas. This move has been instrumental in the bank's growth and increased competitiveness in the market.

AIK Banka's takeover began in 2014 when a Serbian company Sunoko, a subsidiary of MK Group, became the major shareholder with 50.37% of total shares.

This marked a significant shift in the bank's ownership structure. In July 2015, AIK Banka moved its headquarters from Niš to Belgrade and changed its legal name to AIK Banka a.d. Belgrade.

By 2016, AIK Banka had expanded its reach outside of Serbia by purchasing the shares of Slovenian Gorenjska Banka, increasing its income and profitability.

AIK Banka continued its expansion locally by acquiring 100% of shares of Alpha Bank in April 2017, further solidifying its growth.

In December 2017, AIK Banka completed the process of merging with Jubanka, resulting in over 800 Jubanka employees leaving the company.

As of December 2017, AIK Banka owned 75.99% of shares in Slovenian Gorenjska banka, which controlled 4.7% of the Slovenian banking market share.

AIK Banka finished the 2017 calendar year with a record net profit of 101.97 million euros, the most in the Serbian banking market.

In November 2021, AIK Banka bought the majority of shares of Sberbank Srbija, and the merging process was completed in December 2022.

In March 2023, AIK Banka purchased the majority of shares of Eurobank Direktna for a total of 280 million euros.

AIK Banka has been making strategic moves to expand its services and reach.

In 2020, the bank acquired a majority stake in Nova Kreditna Banka Maribor, a Slovenian bank, for around 40 million euros.

This acquisition marked a significant milestone for AIK Banka, allowing it to tap into the Slovenian market and increase its presence in Central and Eastern Europe.

AIK Banka's acquisition of Nova Kreditna Banka Maribor has enabled the bank to offer a wider range of services to its customers, including retail and corporate banking services.

The acquisition has also led to an increase in AIK Banka's assets, with the bank's total assets rising to around 4.5 billion euros.

A unique perspective: Nova Ljubljanska Banka