Raiffeisen Bank (Serbia) Overview and Services

Raiffeisen Bank (Serbia) is a well-established financial institution in the country. It was founded in 2002, as a result of the acquisition of Jugobanka by Raiffeisen Bank International.

The bank offers a wide range of services to its customers. Raiffeisen Bank (Serbia) has over 180 branches across the country.

One of the key services offered by the bank is its online banking platform, which allows customers to manage their accounts, pay bills, and transfer funds remotely. This service is available 24/7, making it convenient for customers to access their accounts at any time.

For your interest: Banking in Serbia

Raiffeisen Bank is a well-established financial institution in Serbia, with a rich history dating back to 2005.

The bank is a subsidiary of Raiffeisen Bank International, an Austrian-based financial group.

With its headquarters in Belgrade, Raiffeisen Bank offers a wide range of financial services to its customers, including retail banking, corporate banking, and investment banking.

The bank's commitment to innovation and customer satisfaction has earned it a strong reputation in the Serbian market.

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Raiffeisen Bank has a rich history that dates back to 2001. The bank officially opened on October 12, 2001, during a state visit by Austrian Chancellor Wolfgang Schüssel to Belgrade.

Its original name was Raiffeisenbank Jugoslavija a.d., and it was the first 100% foreign-owned bank in the Federal Republic of Yugoslavia. This was made possible with a founding capital of €10 million, where 99% of it belonged to RZB and 1% to Austrian Uniqa Beteiligungs Holding GmbH, an insurance company.

The bank started its operations in Belgrade and gradually expanded its network across Serbia. In 2004, the name was changed to Raiffeisen banka a.d.

On August 5, 2021, Raiffeisen Bank signed an agreement to acquire 100% of the shares of Crédit Agricole Srbija.

Raiffeisen Banka A.D. Beograd merged with RBA Banka a.d. Novi Sad after a year-long process that confirmed the potential for synergy and complementary business models.

The merged bank has a significantly larger branch network across Serbia, with a total of 139 locations.

Raiffeisen Bank International, the Austrian parent company, played a crucial role in the success of the integration project.

The National Bank of Serbia offered support and a framework for the realization of the project since the bank's inception in 2001.

The integrated Raiffeisen banka has increased its market share in Serbia to 12 percent.

The bank's loan portfolio exceeded €3 billion, and its deposit potential surpassed €4.5 billion, with over 1 million active clients.

The merged bank offers its services through an increased number of ATMs, which now exceed 300 devices.

Clients can enjoy multifunctional "smart ATMs" for performing various transactions, available 24/7.

For your interest: National Bank of Serbia

At Raiffeisen Bank (Serbia), you have access to a variety of account options that cater to different needs and preferences.

You can choose from a range of current accounts, including the Classic, Comfort, and Premium accounts, each with its own set of features and benefits.

The Classic account is a basic account that allows for everyday transactions, while the Comfort account offers additional services like overdraft protection and a higher interest rate.

The Premium account is designed for high-net-worth individuals, providing exclusive benefits and rewards.

You can also consider opening a savings account, which can help you save money and earn interest on your deposits.

Raiffeisen Bank (Serbia) offers a range of savings accounts, including the Savings Account and the Time Deposit Account.

The Savings Account allows you to save money and earn interest, while the Time Deposit Account requires you to keep your money locked in the account for a fixed period of time to earn higher interest rates.

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Raiffeisen Bank (Serbia) offers a range of convenient banking services to its customers.

You can manage your finances with ease through their online banking platform, which is available 24/7.

Their mobile banking app allows you to check your account balances, transfer funds, and pay bills on the go.

Opening an account in Serbia can be a straightforward process, but it's essential to know what to expect. You'll need to pay a bank rate of 500 EUR to open an account.

If you choose to open an account with a Serbian bank, you won't have to pay for account management, as it's free.

To maintain your account, you'll need to keep a minimum balance of 500 EUR.

Transaction fees apply, and they're calculated as 0.25% of the transaction amount, with a minimum of 8.5 EUR (10 USD) and a maximum of 339 EUR (405 USD).

Raiffeisen banka offers a wide range of corporate services as part of their brokerage operations. These services include emission agent activities, underwriter activities, corporate agency, organizing takeover bids, and organizing squeeze-outs.

Emission agent activities are performed by Raiffeisen banka as part of their corporate services. This includes checking the conditions required for a new emission of securities, communicating with the Central Securities Register, and communicating with the Securities Commission.

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The bank's corporate agency services include organizing the issuing and distribution of securities. This is done on the basis of a corporate agency contract, which means the bank undertakes the obligation to purchase the securities emission from the issuer for further distribution.

Raiffeisen banka's corporate agency services also include a range of standard services for companies that issue securities. These services include obtaining an excerpt from the unique registry of shareholders, registration of equity increase or reduction, and withdrawing and canceling securities.

Some of the specific services provided by Raiffeisen banka for clients who are taking over a shareholding company based on a corporate agency contract include preparing the text of the takeover bid, opening money and securities accounts, and preparing documents.

Here are some of the services provided by Raiffeisen banka for clients who own 90% or more shares with voting rights in a shareholding company:

At Raiffeisen bank, they take care of all the behind-the-scenes work when it comes to buying and selling securities. All trading on the stock exchange is settled with simultaneous transfer of money and securities.

Their settlement process is fully automated, ensuring that everything runs smoothly and efficiently. This is also the case with daily synchronization of the securities account balance with the Central Securities Register database.

The bank keeps clients informed about corporate events and acts as an intermediary to help them realize their rights as securities holders. This includes representing clients at shareholders' assemblies on the basis of the client's power of attorney.

Raiffeisen bank also handles income from securities, such as dividends, coupon collection, and other income, by approving it at their clients' accounts with currency at the date of payment. They confirm that the calculation and payments were made correctly for all payments.

Here are some of the key services offered by Raiffeisen bank under their custody services:

The BIC code is a crucial piece of information when making international payments. It's essentially a unique identifier for each bank, allowing transactions to be processed efficiently.

Raiffeisen Bank Sh.a. in Tirana, Albania has a BIC code of SGSBALTX. This code is used to identify the bank and facilitate international transactions.

In Austria, several Raiffeisen banks have BIC codes, including Raiffeisen Bank International AG with the code RZBAATWW, and Raiffeisenverband Salzburg with the code RVSAAT2S.

Priorbank JSC in Minsk, Belarus has a BIC code of PJCBBY2X, while Raiffeisen Bank d.d. Bosna i Hercegovina in Sarajevo, Bosnia and Herzegovina has a BIC code of RZBABA2S.

International payments can be made in the payment currency from a foreign currency account, and the bank will perform a currency conversion if necessary.

For more insights, see: Banking Code

To open an account with Raiffeisen Bank (Serbia), you'll need to provide some essential documents. These typically include your identification documents, such as a passport or ID card, and proof of address.

Raiffeisen Bank (Serbia) allows you to open a current account online, making it a convenient option for those who prefer digital banking.