List of banks in Yugoslavia

This list of banks in Yugoslavia includes banks that were active in the former Yugoslavia, between 1918 and 1941 and between 1945 and 1991.

Central banks

National level

The Privileged National Bank of the Kingdom of Serbia took over the role of central bank for the new country in late 1918 and was subsequently renamed several times, as National Bank of the Kingdom of Serbs, Croats and Slovenes (in 1920) then National Bank of the Kingdom of Yugoslavia (in 1929). It was already then commonly referred to as the National Bank of Yugoslavia. During World War II, some of its operations were taken up by the Serbian National Bank and Croatian State Bank. The National Bank of the Federal People’s Republic of Yugoslavia was (re-)established in 1946 and eventually took the name National Bank of Yugoslavia in 1961.[1]

Subnational level

The following eight so-called National Banks were established in the early 1970s.[2]: 57  Throughout the late Yugoslav era, they interacted with the National Bank of Yugoslavia within what was referred to as the System of National Banks.[3]: 4  Their respective Governors were ex officio members of the Board of Governors of the National Bank of Yugoslavia.[4]: 104  Following the breakup of Yugoslavia, the National Bank of Bosnia and Herzegovina, Croatia, Macedonia and Slovenia became fully-fledged central banks of the respective countries, whereas those of Kosovo, Montenegro, Serbia and Vojvodina which were downgraded to branch status as the National Bank of Yugoslavia became the rump country's unitary central bank. The Central Bank of Kosovo was later (re-)created following the country's secession from Serbia in 1999, as was the Central Bank of Montenegro in 2001.

Pre-Communist era

Monobank era policy banks

In the late 1940s, Yugoslavia established a rigid monobank system in which a few policy banks coexisted with the National Bank but only to fulfil specialized tasks and without competing with each other.

Later establishments

From 1955 on, the monobank system was gradually relaxed, first with local savings deposit banks and later with increasingly commercialized credit institutions.[2]

See also

References

  1. ^ "History". National Bank of Serbia.
  2. ^ a b Saša Ilić (2022), Socialist Banking: The continuous evolution of the banking sector in Yugoslavia (1944/45–1991/92) (PDF)
  3. ^ Predrag Četković (September 2015), The Role of Banks in Economic Development in the Former SFR Yugoslavia, Vienna: Wiener Institut für Internationale Wirtschaftsvergleiche
  4. ^ Branko Mijović (Spring–Summer 1982), "The Banking System", Eastern European Economics, 20:3/4 (3/4), Taylor & Francis: 100–119, JSTOR 4379638