AikBank

AikBank, legally AikBank a.d. Belgrade, is a Serbian commercial bank headquartered in Belgrade. The institution traces its origins to 1976, when it operated as an internal bank of the Agro Industrial Combine, known in Serbian as Agroindustrijsko komercijalna, in Niš. It became a full-fledged financial institution in 1993 after receiving a license from the National Bank of Yugoslavia and began working with both legal entities and individual customers as a joint-stock institution. The bank’s ownership and geographic profile changed substantially during the 2010s. Greek ATEbank acquired minority holdings in AIK Banka in 2006, purchasing 24.99% of its ordinary shares and 24.99% of its preference shares. In February 2014, Sunoko, a Serbian company belonging to MK Group, became the bank’s largest shareholder, holding 50.37% of the total shares at that time. In July 2015, the institution transferred its headquarters from Niš to Belgrade and adopted the legal name AIK Banka a.d. Belgrade. AIK Banka subsequently expanded through investments and acquisitions. In 2016 it bought a 21% stake in Slovenia’s Gorenjska Banka. In April 2017 it acquired all shares of Alpha Bank’s Serbian operation. Later that year, Jubanka completed its merger into AIK Banka. The transaction added the Jubanka business to the AIK Banka platform, although more than 800 Jubanka employees left the company between June and December 2017. By December 2017, AIK Banka held 75.99% of Gorenjska Banka, whose reported Slovenian market share was 4.7% at that time. The bank reported net profit of €101.97 million for 2017, described in the reference material as a record result for the Serbian banking market in that year. The figure is historical and does not represent current performance. AIK Banka continued its consolidation strategy in the regional banking sector by acquiring a majority stake in Sberbank Srbija in November 2021. The integration of that business was completed in December 2022. In March 2023, AIK Banka agreed to acquire a majority stake in Eurobank Direktna for €280 million. The brand entered a new phase on 31 March 2025, when the merger of Eurobank Direktna Bank and AIK Banka was completed and the institution began operating under the AikBank name. AikBank therefore represents the current public-facing identity of a bank built through organic development, ownership changes, domestic acquisitions and cross-border participation in the Slovenian banking market. Available reference material confirms its commercial-banking role and major corporate transactions, but does not provide a sufficiently detailed current product catalogue, branch network, ownership breakdown, management roster or latest financial results.

AikBank originated in 1976 as an internal bank of the Agro Industrial Combine in Niš. Its initial role was connected to the financial needs of that industrial and agricultural organization rather than to a broad retail banking franchise. On 10 August 1993, after receiving a license from the National Bank of Yugoslavia, it became a full-fledged financial institution. It then served legal entities and individual clients and was registered as a joint-stock institution. The first major ownership change described in the available history occurred in 2006, when Greece’s ATEbank acquired 24.99% of AIK Banka’s ordinary shares and 24.99% of its preference shares. The transaction introduced a foreign strategic shareholder, although the purchase price is not specified in the reference material. A more consequential change came in February 2014, when Sunoko, a Serbian company and subsidiary of MK Group, became the largest shareholder with 50.37% of the bank’s total shares. The bank also changed its institutional center of gravity. On 1 July 2015, it transferred its headquarters from Niš to Belgrade and adopted the legal name AIK Banka a.d. Belgrade. AIK Banka used acquisitions and equity investments to expand beyond its original Serbian base. In 2016, it purchased a 21% stake in Gorenjska Banka of Slovenia. In April 2017, it acquired 100% of the Serbian shares of Alpha Bank. On 22 December 2017, Jubanka completed its merger into AIK Banka. The Jubanka integration expanded AIK Banka’s combined platform, but it also involved substantial workforce departures: more than 800 Jubanka employees reportedly left between June and December 2017. The bank’s regional footprint was further reflected in its ownership of Gorenjska Banka. By December 2017, AIK Banka held 75.99% of that Slovenian bank, which was reported as having 4.7% of the Slovenian banking market. AIK Banka also ended 2017 with reported net profit of €101.97 million, characterized in the available source as the highest result in the Serbian banking market for that year. This is a historical figure and should not be read as a current financial disclosure. Expansion continued during the next phase of consolidation in the Serbian banking sector. In November 2021, AIK Banka acquired a majority of Sberbank Srbija. The merger process was completed in December 2022. In March 2023, AIK Banka acquired a majority stake in Eurobank Direktna for a reported €280 million. These transactions continued the institution’s pattern of growing through combinations with established banks rather than relying solely on internal expansion. On 31 March 2025, after the successful merger of Eurobank Direktna Bank and AIK Banka, the institution began operating under the AikBank name. The rebrand marked the latest stage in a history that moved from an internal industrial bank in Niš to a licensed commercial bank, then to a Belgrade-based Serbian institution with ownership ties to MK Group and a record of domestic and regional banking acquisitions. The available material does not establish a complete current ownership chart, executive list, product architecture, branch network or latest financial position.

1. 2025AikBank name adopted

   Following the merger of Eurobank Direktna Bank and AIK Banka, operations under the AikBank name began on 31 March.

   Source
2. 2023Eurobank Direktna acquisition

   AIK Banka acquired a majority stake in Eurobank Direktna for a reported €280 million.

   Source
3. 2022Sberbank integration completed

   The merger process involving Sberbank Srbija and AIK Banka was completed in December.

   Source
4. 2021Sberbank Srbija acquisition

   AIK Banka acquired a majority stake in Sberbank Srbija.

   Source
5. 2017Alpha Bank acquisition and Jubanka merger

   AIK Banka acquired all shares of Alpha Bank’s Serbian operation, and Jubanka completed its merger into AIK Banka in December.

   Source
6. 2016Investment in Gorenjska Banka

   AIK Banka acquired a 21% stake in Slovenia’s Gorenjska Banka.

   Source
7. 2015Headquarters move to Belgrade

   The bank moved its headquarters from Niš to Belgrade and adopted the legal name AIK Banka a.d. Belgrade.

   Source
8. 2014Sunoko becomes the major shareholder

   Sunoko, an MK Group subsidiary, became the major shareholder with 50.37% of total shares at the time.

   Source
9. 2006ATEbank acquires minority holdings

   Greek ATEbank acquired 24.99% of the ordinary shares and 24.99% of the preference shares.

   Source
10. 1993Receives a national banking license

    On 10 August, the bank received a license from the National Bank of Yugoslavia and became a full-fledged financial institution serving companies and individuals.

    Source
11. 1976Origins as an internal industrial bank

    The institution began operating as an internal bank of the Agro Industrial Combine in Niš.

    Source

A Serbian commercial bank serving retail, corporate and institutional customers, with a growth profile shaped by domestic consolidation and regional banking investments.

Product categories. Retail banking · Corporate banking · Institutional banking · Deposit and payment services · Lending and other commercial banking services

• 2025Transition to the AikBank brandGeneration change

  The merger of Eurobank Direktna Bank and AIK Banka created the basis for a unified public identity.

  What changed. The merged institution began operating under the AikBank name on 31 March 2025.

  Aftermath. AikBank became the current public-facing brand for the combined banking operation.

  Source
• 2023Eurobank Direktna acquisitionM&A

  The bank continued expanding through Serbian banking-sector consolidation.

  What changed. AIK Banka acquired a majority stake in Eurobank Direktna for a reported total of €280 million.

  Aftermath. The transaction preceded the combined institution’s adoption of the AikBank operating name in 2025.

  Reported acquisition consideration. €280 million (March 2023)

  Source
• 2021Sberbank Srbija acquisitionM&A

  AIK Banka continued its strategy of acquiring established banking operations in Serbia.

  What changed. It acquired a majority stake in Sberbank Srbija in November 2021.

  Aftermath. The merger process was completed in December 2022.

  Source
• 2017Jubanka integrationM&A

  AIK Banka pursued consolidation in the Serbian banking market after acquiring and combining banking businesses.

  What changed. Jubanka completed its merger into AIK Banka on 22 December 2017.

  Aftermath. The combination expanded the bank’s operations, while more than 800 Jubanka employees reportedly left between June and December 2017.

  Source
• 2015Relocation and legal-name changeStrategy

  The bank was developing beyond its historical Niš base and repositioning itself as a broader Serbian commercial institution.

  What changed. It moved its headquarters to Belgrade and changed its legal name to AIK Banka a.d. Belgrade.

  Aftermath. The change established Belgrade as the bank’s headquarters and preceded its further domestic and regional expansion.

  Source

• 2025AikBank brand begins operations after merger

  Following the completed merger of Eurobank Direktna Bank and AIK Banka, the institution began operating under the AikBank name on 31 March 2025.

  M&AProduct generation
  Source
• 2023AIK Banka agrees to acquire Eurobank Direktna

  AIK Banka bought a majority stake in Eurobank Direktna for a reported total consideration of €280 million.

  M&A
  Source
• 2022Sberbank Srbija integration completed

  The merger process involving Sberbank Srbija and AIK Banka was completed in December 2022.

  M&A
  Source
• 2021AIK Banka acquires majority of Sberbank Srbija

  AIK Banka acquired a majority stake in Sberbank Srbija in November 2021, beginning another major Serbian banking integration.

  M&A
  Source
• 2017AIK Banka expands its stake in Gorenjska Banka

  By December 2017, AIK Banka held 75.99% of Slovenian Gorenjska Banka after earlier acquiring a minority stake and increasing its ownership.

  M&A
  Source
• 2017Jubanka merger into AIK Banka completed

  Jubanka completed its merger into AIK Banka on 22 December 2017. The integration was accompanied by the departure of more than 800 Jubanka employees between June and December.

  M&ALeadership change
  Source
• 2015AIK Banka moves headquarters and adopts Belgrade legal name

  The bank moved its headquarters from Niš to Belgrade and changed its legal name to AIK Banka a.d. Belgrade.

  Other
  Source
• 2014Sunoko becomes AIK Banka's major shareholder

  Sunoko, a Serbian company associated with MK Group, became the bank's major shareholder with 50.37% of total shares at the time.

  M&A
  Source

1. AikBank