Address: 11 Oktomvri, 1000 Skopje, Republic of Macedonia, P.F. 582
Telephone: +389 (0)2 3295-295
Fax: +389 (0)2 3114-503
Email: sbank@stb.com.mk
Website: http://www.stb.com.mk
SWIFT: STOB MK 2X

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Description:

Stopanska Banka AD - Skopje is the largest bank in the Republic of Macedonia by equity and branch network.

At the beginning of 2000, SB was acquired by the National Bank of Greece - the leading banking group in South-East Europe. SB maintains the largest banking network in the country with 25 branches, and 31 sub-branches.

Since the acquisition by NBG, SB has been strengthening its competitiveness through intensive restructuring. The Bank introduced sophisticated IT system, implemented new organizational scheme, cleaned its loan portfolio, introduced standardized procedures for decision-making, risk management and procurement, shaded the excess labour and became a country leader in corporate governance. Today, it is the only domestic bank that is able to perform on-line execution of the banking operations throughout the country and to provide prompt and detailed information in a real time.

As a member of a large international group, SB has a crucial role in strengthening the country's financial system. It provides Macedonian companies and households with a wide range of the most up-to-date services within easy reach.

Nowadays, STOPANSKA BANKA AD-SKOPJE operates as a joint-stock company managed by its shareholders.

At the beginning of the new millennium, STOPANSKA BANKA AD-SKOPJE was completely privatised with the entry of well-known foreign strategic investors, notably: the National Bank of Greece (NBG), the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). By the implementation of the Privatisation Project, which means a new phase of its development, STOPANSKA BANKA AD-SKOPJE has kept its name, legal identity and continuity in banking activities, and with the new reorganization and reconstruction, it will be transformed into a modern bank that will meet the new challenges and requirements of the market economy and regional cooperation on a wider scale.

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