Jugobanka
Jugobanka was a bank in Yugoslavia, based in Belgrade. Originally established in 1955 as the Yugoslav Bank for Foreign Trade (Serbo-Croatian: Jugoslovenska banka za spoljnu trgovinu), it adopted the name Jugobanka as part of comprehensive banking reform in 1970.
It became unviable following the breakup of Yugoslavia and was placed into liquidation in 2002, together with three other major Belgrade-based commercial banks.
History
[edit]The Yugoslav Bank for Foreign Trade was established in 1955, originally funded from federal grants and credits and later from deposits and foreign borrowing.[1]: 568
By the 1980s, Jugobanka was one of nine so-called associated banks that formed the backbone of the commercial banking sector in Yugoslavia, together with Beogradska Banka in Belgrade, Vojvođanska Banka in Novi Sad, Kosovska Banka in Pristina, United Bank of Croatia in Zagreb, Ljubljanska Banka, Privredna Banka Sarajevo, Stopanska Banka in Skopje, and Investment Bank Titograd.[2]
Jugobanka was placed into liquidation in 2002 together with its peers Beobanka, Beogradska Banka, and Investbanka,[3] as public confidence in those banks had effectively evaporated.[4]: 38 The liquidation proceedings were still ongoing by 2015.[5]
Head office
[edit]Jugobanka's head office, at Kralja Petra Street 19 in Belgrade, faced the National Bank Building across a prominent intersection. It was completed in 1960 on a design by architect Grigorije Samojlov.[6] It later became a branch of NLB Komercijalna Banka.
In 2026, it was announced that it would be redeveloped as a hotel.[7]
See also
[edit]References
[edit]- ↑ Jouko J. Hauvonen (1970), Postwar Developments in Money and Banking in Yugoslavia (PDF), International Monetary Fund
- ↑ Case of Ališić and Others v. Bosnia and Herzegovina, Croatia, Serbia, Slovenia and the former Yugoslav Republic of Macedonia - Judgment, European Court of Human Rights, 6 November 2012
- ↑ "Serbien – zerbricht das Land? Neuordnung am Rande Europas". AG Friedensforschung an der Uni Kassel/Friedenspolitischer Ratschlag. 2004.
- ↑ Jelena Radzic & Ayse Yuce (February 2011), "Banking Development In The Former Yugoslavian Republics", International Business & Economics Research Journal (7(9))
- ↑ Slavica Moravčević (18 October 2015). "Zašto su zaista ugašene Beobanka, Investbanka..." Novosti.
- ↑ Ћирић, Соња (15 June 2006). Марија Видић, Милан Милошевић (ed.). "Из лепог Београда". Време. 806 (интернет). Београд: НП ”Време” д.о.о. ISSN 0353-8028. Retrieved 30 November 2013.
- ↑ "Former Jugobanka Building to Become Hotel in Belgrade". Connecting The Region. 8 April 2026.
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