{{short description|Former bank in Belgrade}} [[File:Wikimedia CEE Meeting 2019 later city tour 25.jpg|thumb|Former Investbanka building on Terazije (center)]] thumb|Mosaic ''The Protector of Terazije'' '''Investbanka''', full name '''Investiciona Banka u Beogradu''' ({{lit|Investment Bank in Belgrade}}),<ref>{{cite web |website=World Bank |url=https://documents1.worldbank.org/curated/en/835761468316930627/pdf/Loan-1951-Yugoslavia-Morava-Regional-Development-II-Project-Loan-Agreement.pdf |date={{date|1981-4-13}} |title=Loan Agreement (Morava Regional Development II Project) between International Bank for Reconstruction and Development and Osnovna Privredno - Investiciona Banka u Beogradu - Investbanka}}</ref> was a bank in Yugoslavia, based in Belgrade. Established in 1978, it became unviable following the breakup of Yugoslavia and was placed into liquidation in 2002.
==History==
Investbanka was established on {{date|1978-1-1}} as part of the restructuring of the Yugoslav Investment Bank (YIB) and Beogradska Banka.{{R|WB1981|p=17}} The latter, renamed Udružena Beogradska Banka (UBB), became one of nine so-called associated banks that formed the backbone of the commercial banking sector in Yugoslavia (together with Jugobanka in Belgrade, Vojvođanska Banka in Novi Sad, Kosovska Banka in Pristina, United Bank of Croatia in Zagreb, Ljubljanska Banka, Privredna Banka Sarajevo, Stopanska Banka in Skopje, and Investment Bank Titograd).<ref>{{citation |publisher=European Court of Human Rights |url=https://hudoc.echr.coe.int/eng#{%22itemid%22:[%22001-114243%22]} |date={{date|2012-11-6}} |title=Case of Ališić and Others v. Bosnia and Herzegovina, Croatia, Serbia, Slovenia and the former Yugoslav Republic of Macedonia - Judgment}}</ref> Investbanka became an affiliate of the UBB Group,<ref name=ECHR>{{cite web |date={{date|2010-3-2}} |website=Strada Lex Europe |url=https://www.stradalex.eu/en/se_src_publ_jur_eur_cedh/document/echr_60642-08_001-113039 |title=European Court of Human Rights - Application no. 60642/08 by Emina ALIŠIĆ and Others against Bosnia and Herzegovina, Croatia, “the former Yugoslav Republic of Macedonia”, Serbia and Slovenia lodged on 30 July 2005}}</ref> and took over many of the YIB's former operations. In its early years of activity, it was a major source of credit in the Socialist Republic of Serbia.<ref name=WB1981>{{cite web |website=World Bank |url=https://documents1.worldbank.org/curated/en/959321468330299069/pdf/multi-page.pdf |date={{date|1981-1-30}} |title=Staff Appraisal Report - Morava Regional Development II Project, Yugoslavia}}</ref>{{rp|17}}
As the YIB had done in earlier years, Investbanka promoted itself as the continuating entity of Uprava Fondova and the State Mortgage Bank of Yugoslavia, even though there was a discontinuity of that legacy (however construed) during Yugoslavia monobank era of the 1950s.<ref>{{citation |title=125 years of Investbanka: 1862-1987 |publisher=Investbanka |location=Belgrade |author=Dušan Đorđević, Milinko Đorđević, Božidar Damjanović, Jelisaveta Lenc, Milan Đuričanin, Milosav Ignjatović, Sava Kolundžić, Slavko Milinković, Vida Ilić, Vlado Kozomara |date=1988 }}</ref><ref>{{cite web |website=Biznis.rs |url=https://biznis.rs/vesti/srbija/investbanka-odlazi-u-istoriju-u-toku-zavrsna-deoba-stecajne-mase/ |date={{date|2024-12-25}} |title=Investbanka odlazi u istoriju – u toku završna deoba stečajne mase |author=Milica Rilak}}</ref>
On {{date|1990-1-1}}, in the context of reforms led by Yugoslav prime minister Ante Marković, Investbanka was separated from the UBB cluster and became an independent bank, with head office in Serbia and branches in the other Yugoslav republics.<ref name=ECHR/>
Investbanka was eventually placed into liquidation in 2002 together with its then-peers Beobanka, Beogradska Banka, and Jugobanka,<ref>{{cite web |website=AG Friedensforschung an der Uni Kassel/Friedenspolitischer Ratschlag |url=https://www.ag-friedensforschung.de/regionen/Serbien-Montenegro/hofbauer.html |date=2004 |title=Serbien – zerbricht das Land? Neuordnung am Rande Europas}}</ref> as public confidence in those banks had effectively evaporated.<ref>{{citation |url=https://www.researchgate.net/publication/297678862_Banking_Development_In_The_Former_Yugoslavian_Republics |title=Banking Development In The Former Yugoslavian Republics |date=February 2011 |journal=International Business & Economics Research Journal (IBER) |issue=7(9) |author=Jelena Radzic & Ayse Yuce}}</ref>{{rp|38}} The liquidation proceedings were still ongoing by 2015.<ref>{{cite web |website=Novosti |url=https://www.novosti.rs/vesti/naslovna/ekonomija/aktuelno.239.html:572427-Zasto-su-zaista-ugasene-Beobanka-Investbanka |title=Zašto su zaista ugašene Beobanka, Investbanka... |date={{date|2015-10-18}} |author=Slavica Moravčević}}</ref>
==Head office==
Investbanka was headquartered on No. 9 Terazije, previously the head office location of the Yugoslav Investment Bank.<ref>{{cite web |website=World Bank |url=https://documents1.worldbank.org/curated/en/325921468015658097/pdf/Loan-0657-Yugoslavia-Telecommunications-Project-Loan-Agreement.pdf |date={{date|1970-2-20}} |title=Loan Agreement (Telecommunications Project) between International Bank for Reconstruction and Development and Yugoslav Investment Bank}}</ref>{{rp|11}} A reconstruction of the building was completed in 1989 on a design by architect Predrag Ðaković.<ref>{{citation |url=https://mpu.rs/wp-content/uploads/2024/03/16SA.pdf |title=16. Salon Arhitekture |date=1990}}</ref>{{rp|13}} The building is graced on the street level with a monumental mosaic by visual artist Mladen Srbinović, also created in 1989 and titled ''The Protector of Terazije''.<ref>{{cite web |website=Beotura |url=https://beotura.rs/en/mozaik-zastitnik-terazija/ |date={{date|2026-1-15}} |title=Mosaic Guardian of Terazije}}</ref>
==See also== * List of banks in Yugoslavia
==References== {{reflist}}
Category:Defunct banks of Yugoslavia Category:Banks established in 1978
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