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BRF KBB Convertible

Sector: Commercial • Location: Serbia

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_Komercijalna Banka ad Beograd (“KBB” or the Bank) is the largest locally owned bank in the Serbian banking sector, ranking the 2nd by total assets in the country. Operating since 1971, KBB is a universal bank offering a full range of banking services to its more than 750,000 clients in retail, corporate, SME, and municipal sectors. Headquartered in Belgrade, KBB has developed a strong domes

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The project “BRF KBB Convertible” is an infrastructure initiative in the Commercial sector, located in Serbia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

_x000C_Komercijalna Banka ad Beograd (“KBB” or the Bank) is the largest locally owned bank in the Serbian banking sector, ranking the 2nd by total assets in the country. Operating since 1971, KBB is a universal bank offering a full range of banking services to its more than 750,000 clients in retail, corporate, SME, and municipal sectors. Headquartered in Belgrade, KBB has developed a strong domestic franchise and expanded to Bosnia & Herzegovina and in Montenegro. The Bank employs more than 3,200 staff. The Project is a joint IFI effort aimed at strengthening the Bank's capital base, and thereby improving its competitive position and enabling it to bear likely stresses on asset quality in view of the financial crisis. It is also expected to facilitate the eventual sale of the Bank to a strategic investor once normalcy returns.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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