Author: Milan Ignjatovic

Beobank One of the largest banks in Serbia, now under bankruptcy has higher receivables than debts. One of the largest banks in Serbia is bankrupt. Why? Researching we get to the information that the bank was one of the largest banks in Southeast Europe. With around 6,000 employees, the bank is owned 140 branches which are unfortunately sold for about 25 million euros. The bankruptcy procedure is still ongoing and as we found out it would not be completed. An interesting fact is that this bank at the end of the nineties had around 1.6 billion German marks deposits. This sum of money was the savings that the state nineties declared the old foreign currency savings. After the proclamation of the old foreign currency savings, bank's management decision to savings returns population. After this…

Monte Dei Paschi Di Siena is the oldest bank in the world headquartered in Siena (Italy). It was founded in 1472 in the Republic of Siena, where it currently operate. Tradition, Culture, Knowledge have made this bank very well-known in the world. Monte Dei Paschi known in Italy as "Il Monte" is a leader in banking in Italy, the Bank is a member of the MPS Group. The Bank operates with more than 1,900 branches throughout Italy, which constitute the main economic and financial center in Italy and in the world. It has a collection of historical documents priceless values, and this collection consists of all the documents from the very beginning of its operations. We found out that these documents are not available to the public. Also the headquarters…

The European Central Bank Was established 1 June 1998 and located in Frankfurt (Germany) The European bank is the body with the help of which the European Union has implemented its tasks outlined founding Treaty of Rome on the implementation of policies in the field of monetary relations. The European Central Bank is independent in its work and has the status of a legal entity. The European Central Bank is composed of the role of national central banks of the member states determined on the basis of gross national product and population of the member states. The biggest part of the role of more than 2/3 provide central banks of the European System of Central Banks, to a lesser extent the national central banks of the Member States of the…