Direktna Banka acquires Piraeus Bank – Bank also to operate in Cacak, Valjevo, Vrsac...

Direktna Banka Kragujevac announced today that it had successfully finalized the acquisition of Piraeus Bank Belgrade, whereby it has expanded its operations and strengthened its position in the banking market.

– This merger considerably increases the sales network, the offer of products and services and the value of the total assets of Direktna Banka. Furthermore, the presence in important economic centers in Serbia has been strengthened and the further expansion of the bank's operations in towns it hasn't been present in before, such as Cacak, Valjevo and Vrsac, has been enabled – the press release says.

As they say, Direktna Banka has also realized a profit and growth in all segments of its operations, and the total net profit at the end of the third quarter of 2018 amounted to RSD 1.72 billion.

– With an increase in the pool of clients by over 50% to over 133,000, the bank has also doubled its market share thanks to this merger, whereas the value of the total assets amounts to over RSD 63.37 billion – the press release says.

The network of Direktna Banka now consists of 47 branch offices and 106 ATMs. The bank, they add, has also considerably increased the number of employees, so a team of 640 of banking experts is now available to clients.

Direktna Banka says that it will continue upgrading its offer of products and services in the upcoming period by transferring its services to the digital sphere, where most banking transactions will be carried out through advanced online apps and services.

A further development of innovative banking solutions remains the bank's priority, they add.

Eurobank Direktna a.d. Beograd

Piraeus bank a.d. Beograd

Direktna Banka Kragujevac

Piraeus Bank Belgrade

acquisition of Piraeus Bank by Direktna Banka

merger of Direktna Banka and Piraeus Bank