Investbanka

Former Investbanka building on Terazije (center)
Mosaic The Protector of Terazije

Investbanka, full name Investiciona Banka u Beogradu (lit. 'Investment Bank in Belgrade'),[1] was a bank in Yugoslavia, based in Belgrade. Established in 1978, it became unviable following the breakup of Yugoslavia and was placed into liquidation in 2002.

History

Investbanka was established on 1 January 1978 as part of the restructuring of the Yugoslav Investment Bank (YIB) and Beogradska Banka.[2]: 17  The latter, renamed Udružena Beogradska Banka (UBB), became one of nine so-called associated banks that formed the backbone of the commercial banking sector in Yugoslavia (together with Jugobanka 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).[3] Investbanka became an affiliate of the UBB Group,[4] and took over many of the YIB's former operations. In its early years of activity, it was a major source of credit in the Socialist Republic of Serbia.[2]: 17 

As the YIB had done in earlier years, Investbanka promoted itself as the continuating entity of Uprava Fondova and the State Mortgage Bank of Yugoslavia, even though there was a discontinuity of that legacy (however construed) during Yugoslavia monobank era of the 1950s.[5][6]

On 1 January 1990, in the context of reforms led by Yugoslav prime minister Ante Marković, Investbanka was separated from the UBB cluster and became an independent bank, with head office in Serbia and branches in the other Yugoslav republics.[4]

Investbanka was eventually placed into liquidation in 2002 together with its then-peers Beobanka, Beogradska Banka, and Jugobanka,[7] as public confidence in those banks had effectively evaporated.[8]: 38  The liquidation proceedings were still ongoing by 2015.[9]

Head office

Investbanka was headquartered on No. 9 Terazije, previously the head office location of the Yugoslav Investment Bank.[10]: 11  A reconstruction of the building was completed in 1989 on a design by architect Predrag Ðaković.[11]: 13  The building is graced on the street level with a monumental mosaic by visual artist Mladen Srbinović, also created in 1989 and titled The Protector of Terazije.[12]

See also

References

  1. ^ "Loan Agreement (Morava Regional Development II Project) between International Bank for Reconstruction and Development and Osnovna Privredno - Investiciona Banka u Beogradu - Investbanka" (PDF). World Bank. 13 April 1981.
  2. ^ a b "Staff Appraisal Report - Morava Regional Development II Project, Yugoslavia" (PDF). World Bank. 30 January 1981.
  3. ^ 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
  4. ^ a b "European Court of Human Rights - Application no. 60642/08 by Emina ALIŠIĆ and Others against Bosnia and Herzegovina, Croatia, "the former Yugoslav Republic of Macedonia", Serbia and Slovenia lodged on 30 July 2005". Strada Lex Europe. 2 March 2010.
  5. ^ Dušan Đorđević, Milinko Đorđević, Božidar Damjanović, Jelisaveta Lenc, Milan Đuričanin, Milosav Ignjatović, Sava Kolundžić, Slavko Milinković, Vida Ilić, Vlado Kozomara (1988), 125 years of Investbanka: 1862-1987, Belgrade: Investbanka{{citation}}: CS1 maint: multiple names: authors list (link)
  6. ^ Milica Rilak (25 December 2024). "Investbanka odlazi u istoriju – u toku završna deoba stečajne mase". Biznis.rs.
  7. ^ "Serbien – zerbricht das Land? Neuordnung am Rande Europas". AG Friedensforschung an der Uni Kassel/Friedenspolitischer Ratschlag. 2004.
  8. ^ Jelena Radzic & Ayse Yuce (February 2011), "Banking Development In The Former Yugoslavian Republics", International Business & Economics Research Journal (7(9))
  9. ^ Slavica Moravčević (18 October 2015). "Zašto su zaista ugašene Beobanka, Investbanka..." Novosti.
  10. ^ "Loan Agreement (Telecommunications Project) between International Bank for Reconstruction and Development and Yugoslav Investment Bank" (PDF). World Bank. 20 February 1970.
  11. ^ 16. Salon Arhitekture (PDF), 1990
  12. ^ "Mosaic Guardian of Terazije". Beotura. 15 January 2026.
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