Raiffeisenbank Beograd

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Raiffeisenbank Beogradis the Serbian arm of Austria-based Raiffeisen Zentralbank Österreich AG (RZB), member of Raiffeisen Banking Group.Though it obtained the operating licence in March 2001, and fully operated since July 2001, the bank officially opened on October 12, 2001 during the Austrian chancellor Wolfgang Schüssel's state visit to Belgrade. Its original name was Raiffeisenbank Jugoslavija a.d. With a founding capital of EUR10 million (99% of it belonging to RZB and 1% to Austrian Uniqa Beteiligungs Holding GmbH - insurance company), it became the first 100% foreign-owned bank in then-Federal Republic of Yugoslavia. Starting from Belgrade, the bank gradually expanded its network all over Serbia. In late February 2009, the bank posted a profit of EUR78 million for the 2008 calendar year.