Societe Generale Serbia has taken over the loan portfolio of Jubanka’s clients, formerly Alpha Bank, which, since April 2017, is a 100-percent owner of AIK Bank A.D.
The loan portfolio, which is the subject of a contract concluded between Societe Generale Bank and Jubanka, includes housing and cash loans, retail credit cards and loans granted to small and medium-sized enterprises (SMEs). Societe Generale Serbia is the third largest bank in the Serbian banking market by volume of loans, and this acquisition confirms and applies its strategy of further growth in the domestic market. “The acquisition of a part of the loan portfolio of Jubanka is an additional confirmation of the strategic commitment of the Societe Generale Serbia to strengthen its operations in the domestic market and to contribute to the stability of the banking sector in Serbia,” said Maria Rousseva, President of the Executive Board of the Societe Generale Bank.