Agrobanka aims 5 percent market share and plans to turn RSD 1.55 billion profit in 2011

According to Dusan Antonic, executive director of Agrobanka, this bank turned a RSD 1.15 billion profit last year and expects to register a RSD 1.55 billion profit in 2011. He stresses that the strategic goal of Agrobanka is to increase the market share to 5 percent and expand the business network in the country and abroad by the end of 2012.

- An affiliate of Agrobanka in Banja Luka in the Republic of Srpska, the bank's first organizational unit abroad, should be opened as early as next month, thus additionally strengthening the overall economic relations between Serbia and Srpska - said Antonic.

As Dusan Antonic explains, among the most significant investments that should be implemented in the following period are capital agricultural projects such as construction and renovation of processing plants, regulation of agricultural land, mini farms, approval of loans for the procurement of cattle for livestock breeding, etc.

Other priorities are corporate and investment banking, development of individual agricultural production, production of healthy food, rural tourism, hunting and fishing, as well as overall development of villages. The data showing that the total value of equities of Agrobanka is RSD 17.6 billion and that the value of foreign currency savings amounts to EUR 546 million confirm that these ambitious projects are implementable.