Jugobanka

'''Jugobanka''' was a bank in Yugoslavia, based in Belgrade. Originally established in 1955 as the '''Yugoslav Bank for Foreign Trade''' ({{langx|sh|Jugoslovenska banka za spoljnu trgovinu}}), it adopted the name Jugobanka as part of comprehensive banking reform in 1970.

It became unviable following the breakup of Yugoslavia and was placed into liquidation in 2002, together with three other major Belgrade-based commercial banks.

==History==

The Yugoslav Bank for Foreign Trade was established in 1955, originally funded from federal grants and credits and later from deposits and foreign borrowing.<ref name=Hauvonen>{{citation |url=https://www.elibrary.imf.org/downloadpdf/journals/024/1970/003/article-A004-en.pdf |title=Postwar Developments in Money and Banking in Yugoslavia |author=Jouko J. Hauvonen |publisher=International Monetary Fund |date=1970}}</ref>{{rp|568}}

By the 1980s, Jugobanka was one of nine so-called associated banks that formed the backbone of the commercial banking sector in Yugoslavia, together with Beogradska Banka 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>

Jugobanka was placed into liquidation in 2002 together with its peers Beobanka, Beogradska Banka, and Investbanka,<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==

Jugobanka's head office, at {{ill|Kralja Petra Street|sr|Ulica kralja Petra (Beograd)}} 19 in Belgrade, faced the National Bank Building across a prominent intersection. It was completed in 1960 on a design by architect Grigorije Samojlov.<ref>{{cite journal| title = Из лепог Београда| journal = Време| date = 15 June 2006| volume = 806| issue = интернет| url = http://www.vreme.com/cms/view.php?id=456255| accessdate = 30 November 2013| last = Ћирић| first = Соња|editor1-first=Милан Милошевић|editor1-last=Марија Видић| publisher = НП ”Време” д.о.о.| location = Београд| issn = 0353-8028}}</ref> It later became a branch of NLB Komercijalna Banka.

In 2026, it was announced that it would be redeveloped as a hotel.<ref>{{cite web |website=Connecting The Region |url=https://connectingregion.com/news/former-jugobanka-building-to-become-hotel-in-belgrade/ |date={{date|2026-4-8}} |title=Former Jugobanka Building to Become Hotel in Belgrade}}</ref>

==See also== * Direktna Banka * List of banks in Yugoslavia

==References== {{reflist}}

Category:Defunct banks of Yugoslavia Category:Banks established in 1955