Yugoslav Agricultural Bank

Yugoslav Agricultural Bank
TypeState-owned enterprise
IndustryFinancial services
Founded1956 (1956)
FounderNational Bank of Yugoslavia
Defunct2011 (2011)
FateLiquidated
Headquarters
Belgrade
,
Yugoslavia
Area served
Yugoslavia
ProductsBanking services
OwnerGovernment of Yugoslavia

The Yugoslav Agricultural Bank (Serbo-Croatian: Jugoslovenska poljoprivredna banka, also known as Poljobanka) was a state-owned bank in Yugoslavia, based in Belgrade, established in 1956. In 1978, it was reorganized and rebranded as Agrobanka. Agrobanka was placed in receivership in late 2011 and subsequently liquidated.

History

Poljobanka was established in 1956 from agricultural credit operations of the National Bank of Yugoslavia (NBJ), marking the end of Yugoslavia's pure monobank system but still conforming to the Communist framework of a single-tier banking system.: 49  It complemented the new credit system that also included the Yugoslav Bank for Foreign Trade and Yugoslav Investment Bank.: 568 

Despite Poljobanka's birth in 1956 by spinoff from the NBJ, Agrobanka portrayed itself as the continuator not just of Poljobanka but also of the Privileged Agrarian Bank of Yugoslavia which had been in existence between 1929 and 1946.

Agrobanka was placed into receivership by the Serbian authorities on 29 December 2011, and the National Bank of Serbia revoked its license on 25 May 2012, appointing the Deposit Insurance Agency (DIA) as administrator. The DIA created a new entity, Nova Agrobanka a.d. Beograd, as a bridge bank. Multiple arrests were made in the context of the Agrobanka case.

See also

References

  1. ↑ Saša Ilić (2022), Socialist Banking: The continuous evolution of the banking sector in Yugoslavia (1944/45–1991/92) (PDF)
  2. ↑ Jouko J. Hauvonen (1970), Postwar Developments in Money and Banking in Yugoslavia (PDF), International Monetary Fund
  3. ↑ "Agricultural Bank Agrobanka A.D." Development Aid. Retrieved 25 April 2026.
  4. ↑ "The National Bank of Serbia Revokes the Operating Licence from Poljoprivredna banka Agrobanka a.d. Beograd". National Bank of Serbia. 25 May 2012.
  5. ↑ "More Arrests Predicted In Serbia's Agrobanka Case". Balkan Insight. 14 August 2012.