Raiffeisenbank a.d, Beograd is a member of Raiffeisen International, one of the largest banking groups in Central and Eastern Europe, part of the Austrian RZB Group. It was founded in July 2001, as the first bank in Serbia with 100% foreign capital.

Today Raiffeisenbank a.d, Beograd successfully develops its activities in several directions: retail banking, corporate banking, small enterprises and entrepreneurs, treasury and investment banking. By offering all kinds of banking services in accordance to Western standards and at the same time understanding the specifics and possibilities offered in the local banking market, Raiffeisenbank a.d, Beograd managed to keep the top position in the local market for the past three years according to total assets, that exceeded EUR 1.7 billion mid this year.  

This leading position was acquired also by the amount of total deposits collected, that amounted to EUR 773 million, but also the credit volume that exceeded EUR 980 million mid this year, mostly thanks to the attractive loan offer.

We plan to further innovate our products, expand the branch network in Serbia, improve the quality of services and so remain the key player in this market, is stated by Raiffeisenbank authorities. A fact on behalf of this statement is the bank’s plan to open another 12 branches, on top of the existing 55.

Believing in a good perspective for Serbia, Raiffeisenbank increased its capital for additional EUR 100 million that will, for the most part, be invested into crediting the Serbian economy, especially the SME sector. The bank now works with more than 3,000 clients, among which are the largest and the most successful companies present in the Serbian market, both domestic and foreign, so that, conclusive with the first half of 2006, the loan portfolio of this division exceeded EUR 564 million. This is the leading financial organization according to the choice of foreign investors and one of the most active banks in the privatization process. More than 75% of the biggest foreign investors in Serbia bank with Raiffeisenbank.

Raiffeisenbank also fosters cooperation with small enterprises and entrepreneurs. A proof of this is the fact that the loan portfolio of this segment doubled just in 2005. Our SME Division offers full banking support, adjusted to the requirements of the local market – from domestic and international payments, documentary business and guarantees, to various credit arrangements, Visa Business and Master payment cards and e-banking. More than 14,000 clients use these services, while the bank granted EUR 117 million in credit facilities by the first half of this year.

Retail banking services include a great number of attractive products and services: various types of loans, dinar and foreign currency savings deposits, Visa cards, opening and maintenance of current accounts, e-banking, exchange services, purchase of bonds, renting safe deposit boxes, standing order. More than 350,000 citizens of Serbia chose to bank with Raiffeisen through its network of 55 branches throughout Serbia. By the first half of this year the bank granted more than EUR 300 million in loans, while retail deposits reached EUR 444 million.

Raiffeisenbank a.d, Beograd is among the local market leaders in foreign currency and cash trading, with a trading result of EUR 16.8 million realized last year. Giving a significant contribution to the development and introduction of the first reference interest rate for local currency – BEONIA (Belgrade Overnight Index Average) and BELIBOR (Belgrade Interbank Offered Rate), Raiffeisenbank proved its pioneering role in developing the local banking market. Mid last year the bank received the licence for doing brokerage business and acquired two mandates for the takeover of two local banks.

As a proof of these successes, the bank received numerous awards – Euromoney, The Banker, Global Finance and Finance Central Europe awarded Raiffeisenbank a.d., Belgrade, the title of best bank in Serbia and Montenegro in 2005. Financial magazine Euromoney awarded Raiffeisenbank a.d. with the title “Best Bank” for the fifth consecutive time in 2006.