Vojvođanska banka became supporting pillar of operations of NBG Group in Serbia - 24m EUR worth of profit in 2007

Following the takeover (at the end of year 2006) and merger with NBG (National Bank of Greece) Belgrade (in February 2008), Vojvođanska banka has become the supporting pillar of the operations of NBG Group in Serbia.

- Greek banking group is focused on investments in infrastructure and human resources of Vojvođanska banka, as well as on application of standards of NBG Group. The stock capital was increased by 80m EUR in 2007, while the profit of Vojvođanska banka amounted to about 24m EUR in 2007, which is 10m EUR more than in 2006 – said people in Vojvođanska banka, which now operates within the third largest network in Serbia with 204 business units.

Joint activities of Vojvođanska banka and NBG Belgrade resulted in the assets worth more than 1 billion EUR. When compared to the year 2006, the value of approved loans was increased by 30% - to 770m EUR, the volume of loans approved to population grew by 48%, while the deposits were increased by 15% and reached 570m EUR.

Potentials for successful future of Vojvođanska banka are also based on successful operations of the Group, which ended year 2007 with the network of 1,600 offices, 12.5m clients, total assets worth more than 90 billion EUR and strategic aim to keep one of the leading positions on the financial market in southeast Europe.