Opportunity banka a.d. Novi Sad
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Opportunity banka a.d. Novi Sad - overview
Established
2002
Location
Novi Sad, -, Serbia
Primary Industry
Financial Services
About
Opportunity banka a. d. Novi Sad is a financial institution based in Novi Sad, Serbia, that offers investment accounts, energy efficiency loans, and employment opportunities, promoting financial inclusivity and sustainable practices. Founded in 2002 and headquartered in Novi Sad, Serbia, Opportunity banka a.
d. Novi Sad specializes in providing financial services focused on investment accounts and loans aimed at enhancing energy efficiency. The company underwent a significant change in ownership when, in November 2020, a consortium including Triodos Investment Management acquired a 78% majority stake in the bank. The current CEO is Vladimir Vukotic, who leads the company's strategic initiatives.
Opportunity banka primarily offers a variety of financial products, including basic investment accounts and energy efficiency loans targeted at retail clients and SMEs. Their investment accounts provide straightforward options aimed at accessibility, while energy efficiency loans are designed to enable individuals and businesses to improve their energy performance. The bank also focuses on creating job opportunities for individuals lacking previous work experience or formal economic education, particularly in Eastern Europe and the Balkans. In 2022, Opportunity banka recorded a revenue of USD 26.
81 mn and an EBITDA of USD 6. 25 mn, generated through interest and fees from its financial products, with transactions occurring directly with clients either in-person or via its online platform. Looking forward, Opportunity banka aims to expand its product offerings and geographical reach. The bank is in the process of designing new financial products to launch by the end of 2023, focusing on enhancing customer experience and sustainability.
Currently, the bank is targeting expansion into additional markets across the Balkans to increase its client base. The funding from the November 2020 acquisition will support these initiatives, allowing for the development of new products and enhancing operational capabilities to meet growing customer demands.
Current Investors
GLS Bank, Triodos Investment Management, UmweltBank AG
Primary Industry
Financial Services
Sub Industries
Commercial Banks, e-Financial
Website
www.obs.rs
Verticals
FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Opportunity banka a.d. Novi Sad - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Opportunity banka a.d. Novi Sad | - |
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