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.
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters