Created by Anna Mileiko 
Union banka d.d. Sarajevo traces itr roots back to 1955 when Jugoslovenska banka za spoljnu trgovinu (Yugoslav Bank for Foreign Trade) was established. In 1992 the bank changed its name to Union banka d.d. Sarajevo.
Union banka d.d. Sarajevo operates as the only commercial bank with majority state-owned capital in BiH, whose mission is building a development-oriented commercial bank with a broad spectrum of high-quality banking services that correspond to the actual needs of its clients.
In 2023, Union banka d.d. Sarajevo achieved the position of 10th largest bank in Bosnia and Herzegovina with a market share of 3.84%; its total assets grew by 6.37%.
Additionally, the bank became the 13th profitable bank in relation to its total assets showcasing 0.49% return on assets in 2023.
Union banka d.d. Sarajevo ranks as the 10th largest bank in Bosnia and Herzegovina by total assets. In 2023 its total assets were 1,114.89 mln BAM, representing a 3.84% market share. In 2023 the bank's net income was 5.35 mln BAM.
Union banka d.d. Sarajevo protects deposits up to up to 50,000 BAM per depositor through Bosnia and Herzegovina's deposit guarantee scheme. The scheme applies to current accounts, deposit accounts, bank certificates made by natural persons, legal entities. The bank participates in the Deposit Insurance Agency of Bosnia and Herzegovina (DIA BiH), making regular contributions into it.
Hamdije Kreševljakovića 19, 71000, Sarajevo, Bosnia and Herzegovina
+387 33 561 000
+387 33 201 567Union banka d.d. Sarajevo is headquartered in Sarajevo.
BAM
VisaUnion banka d.d. Sarajevo provides products and services in the areas of retail banking, business banking. Union banka d.d. Sarajevo offers a range of products including current accounts, debit cards, prepaid cards, credit cards, consumer loans, deposit-guaranteed loans, housing loans, business accounts, business loans.
In 2023 total assets of Union banka d.d. Sarajevo were 1,114.89 mln BAM. Growth compared to the previous period (2022) was 6.37%. The evolution of the total assets of Union banka d.d. Sarajevo is shown at Chart 1 below.
Chart 1. Total Assets of Union banka d.d. Sarajevo.
Recent changes in total assets of Union banka d.d. Sarajevo and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans | 430.1 | 506.5 | +17.78% |
| Total Assets | 1,048.1 | 1,114.9 | +6.37% |
Table 1. Recent changes in total assets of Union banka d.d. Sarajevo (mln BAM).
Recent changes in total liabilities of Union banka d.d. Sarajevo and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 906.0 | 950.6 | +4.93% |
| Total Liabilities | 1,048.1 | 1,114.9 | +6.37% |
Table 2. Recent changes in total liabilities of Union banka d.d. Sarajevo (mln BAM).
In 2023 net income of Union banka d.d. Sarajevo was 5.35 mln BAM. Growth compared to the previous period (2022) was 334.25%. The evolution of the net income of Union banka d.d. Sarajevo is shown at Chart 2 below.
Chart 2. Net Income of Union banka d.d. Sarajevo.
In 2023 Union banka d.d. Sarajevo was ranked the 10th largest bank in Bosnia and Herzegovinain terms of total assets, having 3.84% of the domestic market share. Union banka d.d. Sarajevo also became # 11 in terms of loans (market share - 2.90%), # 9 in terms of deposits (market share - 3.98%).
Chart 3. Market share of Union banka d.d. Sarajevo (among banks in Bosnia and Herzegovina)
Historical changes in Union banka d.d. Sarajevo's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 10 | 3.84 % |
| 2022 | 9 | 3.85 % |
| 2021 | 9 | 4.07 % |
| 2020 | 10 | 3.61 % |
| 2019 | 10 | 3.31 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Union banka d.d. Sarajevo listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 9 |  | 3.86% | 1,120.29 mln BAM (+9.83%) |
| 10 | | 3.84% | 1,114.89 mln BAM (+6.37%) |
| 11 |  | 3.17% | 921.42 mln BAM (+5.43%) |
Discover key identifiers of Union banka d.d. Sarajevo including its BIC.
BIC: UBKSBA22
The BIC (also known as SWIFT code) for Union banka d.d. Sarajevo is UBKSBA22. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | UBKSBA22 |
| Bank BIC Code | UBKS |
| Country Code | BA (Bosnia and Herzegovina) |
| Location Code | 22 |
| Branch Code | - |
TheBanks.eu identified several banks similar to Union banka d.d. Sarajevo based on various criteria, including:
