Credy banka (BELEX

Belgrade Stock Exchange

The Belgrade Stock Exchange is a stock exchange in Belgrade, Serbia.-History:The first ideas about establishing an institution which would control the movement of the value of money appeared in Serbia in the 1830s. The Serbian Trading Association, important for the development of the entire...

: CYBN) is a Serbia

Serbia

Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...

n bank based in Kragujevac

Kragujevac

Kragujevac is the fourth largest city in Serbia, the main city of the Šumadija region and the administrative centre of Šumadija District. It is situated on the banks of the Lepenica River...

.

It continues the long history of banking in Kragujevac and Šumadija

Šumadija

Šumadija is a geographical region in Serbia. The area is heavily covered with forests, hence the name...

 region.

As of December 2006 it is majority owned by the Government of Serbia

Serbia

Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...

 (60.55%).http://www.crhov.rs/StrukturaKapitala/index.cfm?odabraniemitentjmb=07654812

History

• 1871 - Founded in Kingdom of Serbia
  Kingdom of Serbia
  The Kingdom of Serbia was created when Prince Milan Obrenović, ruler of the Principality of Serbia, was crowned King in 1882. The Principality of Serbia was ruled by the Karađorđevic dynasty from 1817 onwards . The Principality, suzerain to the Porte, had expelled all Ottoman troops by 1867, de...
  
   as Kragujevačka okružna štedionica, the bank started out locally serving Šumadija region.

Over the coming decades its operation was at the mercy of the region's eventful social and geo-political history.

• 1955 - Following World War II
  World War II
  World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
  
   and establishment of Federal People's Republic of Yugoslavia, it re-established operation as Komunalna banka .

• 1970 - The bank was merged into the state owned Jugobanka.

• 1991 - In the midst of the breakup of Socialist Federal Republic of Yugoslavia
  Socialist Federal Republic of Yugoslavia
  The Socialist Federal Republic of Yugoslavia was the Yugoslav state that existed from the abolition of the Yugoslav monarchy until it was dissolved in 1992 amid the Yugoslav Wars. It was a socialist state and a federation made up of six socialist republics: Bosnia and Herzegovina, Croatia,...
  
  , it started operating independently within Jugobanka system as Jugobanka Jubanka a.d. Kragujevac.

• 2000 - Šumadija banka a.d. Kragujevac was merged into the bank.

• 2001 - In June, the bank's assembly agreed on the name change, thus adopting the current name Credy banka.

• 2004 - In December, Srpska regionalna banka a.d. Beograd was merged into Credy banka, further expanding its network in Serbia.