“The king of sugar” can get tens of thousands of agricultural terrain, which is located in RVB portfolio, through AIK Banka.
Razvojna Banka depositors and savers can finally sleep peacefully, on contrary to Bojan Pajtic. Their assets deposed in that bank are completely safe and secured.
The Government of Serbia and AP Vojvodina signed the contract about solving the status of Razvojna Banka Srbije last week, according to property transfer pattern and obligations to an other bank, which is called AP Vojvodina Development Fond.
It was provided with agreement assets and liabilities transfer to the bank which offers best conditions for transmission according to property transfer low and obligations of certain banks because of keeping Financial System of Serbia stable.
This have to do with about 110 million euros ensured deposits and near 100 million unsecured deposits, with reference to 80.000 depositors.
AIK Banka, with Miodrag Kostic as administrative committee president, will take over Razvojna Banka Srbije, reports Akter.
AIK Banka has recorded momentary growth of incomes, around 3 billion dinars which was 47% more than comparative period 2011, according to business results in first ten months.
AIK Banka has registered meaningful increase of cash and cash equivalents position for 50% per 11 billion dinars, while marketed credits and deposits grew for 15,2% per 78,8 billion dinars, since the beginning of this year. That is something that most banks cannot commend for. For more than 39% decreased recalls, deposits and credits, generally business with NBS.
AIK asset worth 152,4 billion dinars at the end of September, and that was 6,4% more than in the beginning of the year.
Miodrag Kostic “the king of the sugar” obviously succeed to enure high efficiency and productivity to AIK Banka from administrative committee president position, which is strategical advantage at this moment.
AIK Banka mostly cooperate with corporate clients, but citizens contribution as customers grow constantly, which show alleged data.
It will continue to enforce and increase number of customers and transfer bank business center from central to local offices, which is one of the goals of AIK Banka, like it was written in Akter earlier.
Agreement or compulsory maneuver of Pajtic
It is alleged in comprehensive and Serbian Government’s detailed announcement about agreed items which followed the agreement signed between Serbian Government and AP Vojvodina about further future of RVB, that it planned for unsecured deposits amount which is not covered with bank asset which worth 70 million dinars emits five-years promissory notes. AP Vojvodina will emit 78,11% of promissory notes and Republic of Serbia 21,89%.
These promissory notes will be used to market on secondary emporium. RS and AP Vojvodina will transfer it to Deposit Insurance Company, in order to transmit it to customer chosen bank.
With this agreement is also provided urgently establishment of Vojvodina Development Fond where Serbia and Vojvodina will have participation and directive rights, 78,11% to district and 21,89% to republic. Asset part will be transferred in Vojvodina Development Fond, first of all corporate body credit portfolio and permanent property of RVB.
RVB dubiosities
Although, provincial administration represents RBV agreement like one more accomplishment of AP Vojvodina, Bojan Pajtic finally admits his mistake accepting the solution which suggested Mladjan Dinkic about bad and intransparent RBV business in the beginning.
According to AP Vojvodina explanations, Vojvodina will get possibility to develop “in a different way” if provincial development fond is formed.
Why did then the Vojvodina Conference make a decision about the Development Fond work stoppage and its connecting to Razvojna Banka Srbije?
According to that decision Vojvodina Development Fond should stop working on 31 December this year. All excises, receivables and other following contents should be transferred to Razvojna Banka Vojvodine.
This fact is very important in the world of signed agreement. On the seminar held on 27 February adopted AP Vojvodina decision and gave permission to Vojvodina Government to emit promissory notes in amount of 4.003.547.000.00 dinars because of Razvojna Banka Srbije financial business enforcement , with possibility of making one or more decisions about an issue depending on estimation of AP Vojvodina Public Service and bank demands. It was given with decision whole issue amount limitation, while promissory notes emitting date, norms, issue emitting conditions and all other elements will be affirmed by individual decisions of AP Vojvodina.
Bojan Pajtic announced one more bank assets increase of 150 million euros for 19 November, before agreement with Republic Government about RBV further future.
Narodna Banka Srbije and The Ministry of Finance were against this because of roomers that bank business could be the object of police investigation.
Autonomic District of Vojvodina and The Development Fond did the last assets increase with buying of regular and preferential bank stocks in amount of 1.583.573.200.00 dinars at the end of September, before the announced assets increase which Provincial Government had abjured accepting The Serbian Government RBV agreement. RBV has issued bonds to Anatomic District of Vojvodina on 24 November in accordance with bank conference. There was 44.805 regular bonds with nominal value of 4.910.00 per bond. That represents 99.57% altogether issued regular bonds, and 277.715 pieces of preferential replaceable bonds with the same nominal value in Vojvodina Development Fond which represents 79.35% altogether issued preferential bonds.
As majority owner has AP Vojvodina increased property contribution with buying regular and preferential bonds and Razvojna Banka was once again helped with insuring of finance business assets.
It is very interesting fact that decision about regular and preferential bonds in order to increase basic capital, Conference of Razvojna Banka Vojvodine was made 19 September, just six days after city government shift, which meant political forces relation shift in district.
