The Commercial Court in Belgrade has set the final hearing for the bankruptcy case of Beobank, the former Yugoslav financial giant, for July 30. This hearing will mark the last formal step toward closing the bank and distributing its remaining assets to creditors.
Bankruptcy judge Natalija Pejić-Kordić scheduled the hearing following the submission of the bankruptcy administrator’s final report by the Deposit Insurance Agency in late June 2025. The bankruptcy process, opened on January 3, 2002, has been ongoing for more than two decades.
Beobank’s asset sales were both high in value and controversial. One key asset was the “Nova livnica” industrial complex in New Belgrade, covering over seven hectares with 11 buildings. An initial attempt to sell the complex via direct negotiation at a suspected undervalue—potentially up to 10 million euros less than market price—was halted due to intervention by the Ministry of Finance and creditors’ committee. Subsequently, a competitive tender was held, attracting seven bidders and resulting in a successful 43 million euro sale.
Beobank also held a mortgage on IMT’s real estate valued at 110 million euros. The creditor ABL Solvent acquired Beobank’s claims against IMT and later bought the IMT property at auction for 70.5 million euros, recouping part of its investment as the mortgage holder.
The Beobanka building near Zeleni venac remained unsold for almost 15 years until it was renovated and reopened as the Brankov Business Center last year.
Financial reports for 2024 showed a loss of 532 million dinars, mainly due to writing off 570 million dinars of uncollectible assets. Income during the year was minimal, with 40 million dinars from interest and 2.4 million dinars from rent.
In the first quarter of 2025, the bankruptcy trustee earned 377.7 million dinars from remaining real estate sales. By March 2025, Beobanka’s total assets stood at just over four billion dinars, while creditor claims amounted to 4.33 billion dinars. The bank’s “capital shortfall” was reported at 8.8 billion dinars, suggesting creditors are unlikely to be fully repaid even after 23 years.
