Société Générale Srbija

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Société Générale Srbija
Native name Sosijate Ženeral Srbija/
Сосијате Женерал Србија
Type Private
Industry Finance and Insurance
Predecessors Société Générale Yugoslav Bank
Founded Belgrade, Serbia (February 12, 1991 (1991-02-12))
First founded 1977
Headquarters Belgrade, Serbia
Area served Serbia
Key people Frederic Coin (CEO)
Products Commercial banking, Investment banking
Revenue Decrease 215.62 million (2013)[1]
Net income Decrease -€7.05 million (2013)[1]
Total assets Increase €1.927 billion (2013)[1]
Total equity Decrease €290.98 million (2013)[1]
Owners Société Générale (100%)
Employees 1,382[1]
Parent Société Générale
Website www.societegenerale.rs

Société Générale Srbija (full name: Société Générale Banka Srbija a.d. Beograd) is a 100% owned subsidiary of the French based Société Générale bank.

History[edit]

Société Générale first established a representative office in Belgrade in 1977. On February 12, 1991, Société Générale Yugoslav Bank was founded as the first bank with foreign capital to be established in former Yugoslavia. The bank was a joint venture between Paris based Société Générale (75%), and the now defunct Beogradska banka (20%) and Banque Franco-Yougoslave (5%).

At first, it was established as a unit of SG Corporate & Investment Banking, and provided services to corporate customers only.

In 2001, it became a full-service universal bank, providing services to both corporate clients and individuals. It was only in late 2007 that the bank changed name to reflect the change the name of the country it operates in. It now has a network of more than 87 branches in Belgrade and other parts of Serbia.

According to its most recent annual financial report submitted to Serbian Economic Register Agency, the company has more than 1200 employees and it posted an annual loss of RSD 808,252,000 (approximately 7.05 million at the time) for the calendar year 2013.[1]

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