Authorized bank Jubanka no longer holds an IF license

The authorized bank Jubanka a.d. Beograd no longer holds a license for performance of activities of an investment firm.

The Bank has been stricken off of the Securities Commission (SEC) Register of Authorized Banks in accordance with the SEC decision adopted at its session convened on 13 December this year.  

The decision was adopted following a request filed by the bank for withdrawal of the license on the grounds that it will not be engaged in the activities that require a license for an investment firm.

Furthermore, the transfer of financial instruments contract provides that transfers will be made to the financial instrument accounts of the broker-dealer company  M&V Investments a.d. Beograd.

Jubanka clients have been notified in due time that due to the status change of a acquisition of Jubanka by AIK banka they can transfer their financial instruments to the investment firm of their choice.  

For those who did not select an investment firm, their instruments were transfered to the accounts of M&V Investments, i.e. AIK banka for holders of old foreign currency savings bonds.