November 22 (SeeNews) - Opportunity Bank Serbia changed its corporate name to 3Bank after changes in the ownership structure made last year, it said.
The bank will not change its business policy, but will stay focused on supporting clients who have limited access to credit opportunities, the lender said in a statement on Sunday.
"The 3Bank name is unique, recognisable and symolises the three strategic goals of the bank: positive impact on people, planet and economic prosperity. The bank conducts its activities in such a way that a perfect balance is kept between these three goals, so achieving any single one never jeopardises the other two,” Vladimir Vukotic, president of the executive board, said.
In November 2020, US-headquartered Opportunity Transformation Investments completed the sale of a 78% stake in Opportunity Bank Serbia to a group of four investors. Germany's Umweltbank acquired 30% shareholding interest in the bank, Germany's GLS Gemeinschaftsbank took control of a 19.9% stake, while Luxembourg's Triodos Sicav II and Dutch-basedLegal Owner Triodos Funds bought 14% stakes each.
Opportunity Bank Serbia is a community bank specialising in microfinance. It provides micro, rural, agri and SME loans and other financial services to clients in Serbia who cannot ordinarily access financial services from traditional banks. Opportunity Bank has been active in Serbia since 2002, when it was first established as Opportunity Savings Bank. It successfully transformed itself into a bank in 2007 with a licence issued by the Serbian central bank.