In 2018, Komercijalna banka has achieved the best business results in the past ten years. The expected result on consolidated level should be expressed as the profit of around 8,3 billion RSD, or over 70 million EUR.
“The Bank has turned around the trends in 2018, compared to the last four years during which it was experiencing the decrease of market share which impacted its profitability and productivity. After this relatively long period of decline, we have managed, in the last three quarters of 2018, to reverse the trends and direct almost all business indicators in the positive direction. Komercijalna banka is once again the synonym of stability, safety and reliability”, said President of the Bank’s Executive Board Vladimir Medan for Tanjug.
Such positive score, says Medan, has not been recorded in the past ten years, so the parent bank in Serbia will have achieved the profit of around 8,1 billion RSD before tax by the end of 2018.
He also states that in the past year, two subsidiary banks in Banja Luka and Podgorica have been consolidated, so to the previous amount should be added over two million euros of their profit, which brings the total result to 8,3 billion RSD profit.
“One of the main goals in the coming period is decrease of NPL loans and number of real estates that are non-functional in the Bank’s business operations – to make the properties functional or to turn them into cash in the future”, said Medan.
To the question whether the competent bodies have been made aware of these results, and when can the sale of Komercijalna banka be expected, Medan said that through monthly reports shareholders, via their representatives in the Bank’s Board of Directors, actively monitor and participate in running of the Bank’s business. After receipt of the final, audited statements, they will be officially adopted at the Shareholders’ Assembly.
Any decision regarding possible sale or purchase of Komercijalna banka shares, he says, is entirely up to the owners-the shareholders. "It is entirely the shareholders’ matter, so any questions in that sense are for us, the management, a matter of the shareholders’ decision” says Medan. Finally, our shares are being traded on a daily basis on the Belgrade Stock Exchange.
Bank’s financial results, adds Medan, are a base message for the Bank’s clients and depositors, and possible sale or purchase is something that should not influence further operations and running of the Bank’s businesses.
In any case, Republic of Serbia is the majority shareholder, owning 41,7 % of Komercijalna banka. Apart from the State, part of the ownership also belongs to European Bank for Reconstruction and Development (EBRD) and The International Finance Corporation (IFC) , a part of the World Bank, as well as two funds which altogether own 41,4% of shares. Part in ownership also have several companies with over 1% each, and the rest are minority shareholders.
Speaking of process of digitalisation of banking services in our country and worldwide, Vladimir Medan believes that in line with the contemporary trends, in the next twenty years a completely different type of banking will “be in place”, banking that will be much more “electronic”, both in Serbia and around the world.
Komercijalna banka already offers, at the highest standards, almost all digital banking services which are available to their clients in the same manner such services are available to the users of such services in the most developed countries in the world. The fact is, however, that the majority of our clients demand traditional services, where they can have personal relationship with the Bank, and our clients, says Medan, will definitely be able to come to the counters of this Bank in the next decade, and execute their transactions in a way they prefer most.
Komercijalna banka has 2,775 employees in Serbia, 202 branches, and additional 300 staff employed in Banja Luka and Podgorica.