Closing down of Marfin Bank branch offices in several cities in Serbia

The branch offices of Marfin Bank in Bor and several other cities of Serbia will be closed down in the next few days, and all the clients will be paid, it was said today for Beta.

The clients of Marfin Bank are transferring to other banks in droves these days, and there are long queues in front of its Bor office.

Although those with savings accounts are still traumatized over the situation with the banks from the 1990s, Marfin Bank says there's no reason to panic.

– The bank has enough money to pay everyone and each client who comes here will be paid without delay. Furthermore, the savings are withdrawn under the same conditions they were deposited under – the Bor office of Marfin Bank said for Beta.

– The accounts of legal and natural persons can be transferred to the Marfin Bank office in Nis or they can be closed. The money is safe and can be withdrawn or transferred to accounts in other banks without paying the transfer fee – says the press release sent to Beta.

This March, it was reported that Expobank had become the first Czech bank to enter the Serbian market through the completion of the process of acquisition of Marfin Bank.

As stated, Cyprus Popular Bank agreed to sell Marfin Bank in September 2016, and the transaction was completed following the approval by regulatory bodies in the Czech Republic, Serbia and Cyprus, making Expobank the 100% owner of Marfin Bank's stock.

It was announced that Marfin Bank would be renamed as Expobank and that the president of the Executive Board, Borislav Strugarevic, would keep the position.

Adriatic Bank a.d. Beograd

Marfin Bank

Marfin Bank Bor

closing of Marfin Bank branch offices

Expobank

Cyprus Popular Bank

Borislav Strugarevic