New authorised bank – API Bank

At its last session held on 16 August 2019, the Republic of Serbia Securities Commission adopted a decision granting a license to the credit institution API Bank a.d. Beograd to perform the activities of an investment firm and to provide investment services. The Commission established that the authorized bank met all the conditions stipulated by the Law.

The authorized bank API Bank a.d. Beograd has been granted the license to perform the following investment services: the reception and transmission of orders in relation to purchase and sale of financial instruments, execution of orders on behalf of clients, dealing on own account, services pertaining to placing of financial instruments without a firm commitment basis.

API Bank has also been authorized to provide ancillary services listed in Article 2, paragraph 1, point 9) subpoints (1)–(5) and (7) of the Law on the Capital Market.

The bank is authorized to hold client financial instruments and client money.