Poštanska štedionica


Poštanska štedionica is one of the largest operating banks in Serbia, majority owned by the Government of Serbia. It was founded in 1921 and its headquarters are located in Belgrade, Serbia.

History

Poštanska štedionica was founded on 26 June 1921 in Palilula, Belgrade when the law of postal savings service was implemented. By 1926 it became the main financial savings institution in Kingdom of Yugoslavia, with branches in all postal offices in the entire county. By then, it practiced a policy of financial transactions free of any taxes, intended to motivate population to save capital.
A period of technological implementation followed. In 1969 the offices are equipped with first IBM computers. Also, Poštanska štedionica became the first financial institution in all of SFR Yugoslavia to introduce the credit cards. In 2002 Poštanska štedionica becomes a fully operational bank, and, in 2006, it changes its name to Banka Poštanska štedionica a.d. It was admitted to the free market in Belgrade Stock Exchange on February 7, 2006.
In October 2013, Serbian Ministry of Finance proposed to the government that bank takes over all insured and uninsured deposits and parts of assets of the majority state-owned Privredna banka Beograd which has lost licence for banking. Later, in late January 2014, another state-owned Univerzal banka has lost its licence and Poštanska štedionica took their clients.

Market data

At the end of 2017, Poštanska štedionica's total assets reached 1.185 billion euros.