History

  • 1921

    Establishment of the Association of Banks

    The founding session of the Association’s Assembly was held on 4 December 1921, in Prometna Banka in Belgrade. The Association of Banks was established by the 39 “monetary institutes” that operated at that time.

     

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  • 1921-1929

    Establishment of the Association of Banks


    The founding session of the Association’s Assembly was held on 4 December 1921, in Prometna Banka in Belgrade. The Association of Banks was established by the 39 “monetary institutes” that operated at that time.

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  • 1930-1941

    Awards at the Tenth Anniversary of the Association

    The tenth anniversary of the Association of Banks was celebrated on 30 November 1930, in the conference room of the Belgrade Stock Exchange. At this event, the Decree was read out whereby HRH King Aleksandar honoured the numerous members of the Board of Directors, Supervisory and Executive Board, including Mr Lujo Mor, Secretary General of the Association of Banks.

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  • 1944-1961

    Yugoslav Banking after the Second World War

    Following the Second World War the banking sector went through several development stages. The first of those stages, from 1944–1946, is significant because the government at the time launched the formation of the so-called socialist banking, first gaining the control over and then liquidating the private banking system of the former Yugoslavia. The new federal bank was established – the Industrial Bank of Yugoslavia. Other state banks started to be opened, too.

     

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  • 1955-1991

    League of Communal and Savings Banks – Forerunner of the Association of Banks

     

    After several symposia in 1955 and 1956, the representatives of communal and savings banks finally reached a decision at the Assembly session in Sarajevo, on 9-10 May 1956, about the establishment of the League of Communal and Savings Banks of the FNRY, the forerunner of the Association of Banks, i.e. the continuation of the Association of Banks from the period between the two wars. On that occasion, they adopted the Statute precisely defining the activities of the League, the rights and duties of its members, as well as the operating organs of the League. In the first years of its operation, this association of monetary institutes and savings organisations was already recognised as a significant institution within the financial sector of the country.

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  • From 2003

    Association of Serbian Banks since 2003

    Following the democratic elections in 2001, our country commenced its gradual return into the international financial institutions and the preparations for the beginning of structural reforms in the banking sector. With the implementation of the Banking sector restructuring strategy, bankruptcy and liquidation of numerous banks occurred and, in 2002, so did the privatisation of banks.

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