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Erste Bank a.d. Novi Sad, previously Novosadska Banka, was founded in 1864 as Savings Bank of Novi Sad.
In 2001, Novosadska merged with a small local bank, Vrsacka banka a.d.
Novosadska is one of 16 Serbian banks in which the state acquired a large stake in the summer of 2002 when the central bank decided to swap their debts to foreign sovereign and commercial lenders into state-held equity.
Total assets of Novosadska Banka stood at USD 165 million at the end of 2004, with capital at USD 32.8
Full name: Erste Bank A.D. Novi Sad
Previous name(s): Novosadska banka (2005)
Legal Form: Joint Stock Company
Operational Status: Operational
Incorporation Date: 29-Dec-65