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Union banka dd Sarajevo
Address: Dubrovačka 6
71 000 Sarajevo
Pho/fax: 561 000
http://www.unionbank.ba
unionban@bih.net.ba
Services: KM and foreign currency deposits of individuals and legal entitites, internal payments system, crediting business, conversion, securities, guarantees' issuing, money transfer in the country and abroad, participation in establishment of other financial instittuions in the country and abroad.
About:
Vision
Vision of Union Banka is to become a modern bank, having European banks as a model. Vision of the Bank is for its services to be available to clients at all times, reliable, efficient, and satisfactory to clients. Vision of the Bank is to be among the leading banks in Bosnia and Herzegovina, introduce new products, increase the number of clients, expand the branch network, and increase profit. After privatization, the Bank will increase the market share and ensure a quicker development of the Bank.
Mission
Reconstruction and development of economy, stimulation of development of production and export, continuous increase in the quality and new types of services, hiring new staff, contribution to economic development of Bosnia and Herzegovina, balanced regional development, and stability of the Bank.
History
Union Banka d.d. Sarajevo is a bank with fifty years of banking tradition in Bosnia and Herzegovina. It was founded in 1955 as a branch of the Yugoslav Bank for Foreign Trade. Until 1989, the Bank operated as a part of the Jugobanka Belgrade. In early 1990, the Bank transformed into a independent financial institution, as a shareholding company, under the name Jugobanka d.d. Sarajevo. In 1992 the Bank changed the name into Union Banka d.d. Sarajevo. In late 1997, the Bank is registered as the legal successor of Jugobanka Jubbanka d.d. Sarajevo for the territory of the Federation of Bosnia and Herzegovina.
Between 1992 and 1995, Union Banka suffered immeasurable damages. Of the total of 41 units in 1992, in 1995 only 7 of them were active, of which 3 were in Sarajevo. In 1992 and 1993, the Bank almost completely stopped its operations. Efforts were made to save property, documentation, records and operations were carried out from time to time, in the besieged Sarajevo, without electricity, telephone, traffic, water, or food. In 1994 and 1995, the Bank started approving loans to companies, mostly for minimum supply of food to the population. The Bank started the recovery process in 1996, together with the economy, and was still among 3-4 leading banks in the country. Since 1998, the Bank was preparing for privatization, which has still not been completed. Until 2002, Union Banka was the bank with the highest amount of capital in Bosnia and Herzegovina. The Bank always operated successfully and realized profit every year.
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