OTP bank buys SGS Serbia

OTP bank signs deal to buy Société Généraleʼs Serbian unit in Serbia. Societe Generale Bank is the fourth largest bank in Serbia, with an 8.4% market share. The transaction is expected to be closed within a few months. OTP bank already owes big Serbian bank – Vojvođanska banka.

OTP bank Group

is the largest commercial bank of Hungary

 

Otp bank was Founded1 March 1949. Headquarters is in Budapest · Hungary. Chairman is  Sándor Csányi ( & CEO).
 

Major Banks of Serbia

  • Banca Intesa a.d. Beograd,
  • Vojvođanska banka a.d. Novi Sad,
  • Unicredit Bank Srbija a.d. Beograd,
  • NLB Komercijalna banka a.d. Beograd,
  • Raiffeisen banka a.d. Beograd,
  • Banka Poštanska štedionica a.d. Beograd,
  • Erste Bank a.d. Novi Sad  and others.

 

otp

 

Serbia has Double Taxation Treaty with Hungary (OTP bank is from Hungary)

 

 

Republic of Serbia has concluded Double Taxation Treaties with the following countries:

 

  • Albania
  • Austria
  • Azerbaijan
  • Belgium
  • Belarus
  • Bosnia and Herzegovina
  • Bulgaria
  • Montenegro
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Georgia
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Iran
  • Ireland
  • Italy
  • Israel
  • Armenia
  • South Korea
  • Canada
  • Qatar
  • Kazakhstan
  • China
  • Cyprus
  • Kuwait
  • Latvia
  • Libya
  • Lithuania
  • Luxembourg
  • Malta
  • Moldova
  • Netherlands
  • Norway
  • Pakistan
  • Poland
  • Romania
  • Russia
  • San Marino
  • North Korea
  • Northern Macedonia
  • Slovakia
  • Slovenia
  • Spain
  • Sri Lanka
  • Sweden
  • Switzerland
  • Tunisia
  • Turkey
  • United Arab Emirates
  • Ukraine
  • United Kingdom
  • Vietnam
 
If you want to know about doing business in Serbia, you can read about it here. 
Need more info? We recommend reading a companies act here.
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