Komercijalna Banka

What Komercijalna Banka does

Komercijalna Banka is one of the oldest and largest commercial banks in North Macedonia, founded in 1970 and publicly listed on the Macedonian Stock Exchange under ticker KOMBL. The bank operates as a universal commercial bank serving retail and corporate customers through a multi-channel distribution model that includes physical branches (filijali and ekspozituri) across 12+ cities, ATM networks, 24/7 self-service digital kiosks, an internet banking platform, mobile applications (mBanka for retail customers and mBankaKo for business customers), SMS banking, and a PSD2-compliant Open Banking Portal. Its core technology stack centers on a digital banking platform with proprietary features including мТокен (mToken) for secure authentication, OneID for electronic identification, digital contract signing, and digital kiosks for commission-free bill payments. The product portfolio spans payment accounts, consumer and mortgage loans, debit and credit cards under Mastercard and Visa partnerships, savings products, investment services, trade finance, documentary operations, and bancassurance, supported by two wholly-owned subsidiaries: KB Invest AD Skopje (brokerage, investment banking, custody) and KB Prvo Penzisko Drustvo AD Skopje (pension fund management).

Revenue is generated primarily through net interest income on lending products (consumer credit, mortgage, SME, corporate), transaction and card-based fees, securities and custody services, bancassurance distribution commissions, and pension fund management fees. The go-to-market combines sales-led relationship banking for SMEs and corporate clients with direct-to-consumer digital channels including online loan applications, mobile banking, SMS banking, and self-service digital kiosks. Pricing on flagship loan products is publicly disclosed (housing credit at 3% fixed for 5 years with up to 30-year tenor; online consumer credit up to 2,600,000 MKD), while granular account and transaction fees are published in standard informational documents. The bank partners with EBRD, EIB, RBSM, USAID, FITR, and the Green Climate Fund to channel subsidized SME, agricultural, and green-finance credit lines through its lending programs.

Name

Komercijalna Banka

Legal name

Komercijalna Banka AD Skopje (Комерцијална банка АД Скопје)

Website

https://kb.com.mk

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Komercijalna Banka is one of the oldest and largest commercial banks in North Macedonia, founded in 1970 and publicly listed on the Macedonian Stock Exchange (KOMBL). It serves retail and corporate customers through branches, digital banking platforms, and subsidiaries in investment and pension fund management.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Credit Card Issuing (52221), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

• Retail banking services
• Corporate banking services
• Consumer lending
• Digital banking platforms
• Payment card services

Headquarters

HQ city

Skopje

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Interest earned on loans including consumer loans, mortgages, and business lending
2. Transaction Fees: Fees from payment services, wire transfers, and account maintenance
3. Card Services: Revenue from credit/debit card operations, merchant services (POS terminals), and e-commerce
4. Securities Services: Brokerage services, investment banking, and custody services through KB Invest
5. Insurance Distribution: Bancassurance services offering insurance products to bank customers
6. Pension Fund Management: Pension fund services through KB Prvo Penzisko Drustvo

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels7 records

Core offering

Komercijalna Banka is a full-service commercial bank in North Macedonia providing retail and corporate banking products, including payment accounts, consumer and mortgage loans, debit and credit cards, savings deposits, trade finance, investment banking, brokerage, custody, pension fund management, and insurance distribution. The bank delivers these services through a multi-channel model combining a branch network, ATMs, digital kiosks, internet banking, and mobile apps (mBanka/mBankaKo). It also issues cards under Mastercard and Visa networks and partners with international development institutions (EBRD, EIB, USAID, FITR) to provide subsidized credit lines to SMEs.

Product overview

Komercijalna Banka offers a comprehensive digital banking ecosystem consisting of multiple interconnected platforms and services. The core digital channels include Internet Bank (online platform for retail and business), mBanka mobile app for retail customers, mBankaCo for corporate clients, and мТокен for secure authentication. The bank provides extensive card products spanning debit cards (Maestro, Debit Mastercard, Debit Mastercard World, Zipp Debit Mastercard World, Visa Debit, Visa Signature), credit cards (Mastercard Standard, Revolving, Skopje City Mall; Visa Classic Standard, Revolving, Study & Go; Visa Gold, Mastercard Platinum), and business cards (Mastercard BusinessCard, Business International, Visa Business Debit, Visa Business Revolving, Visa Corporate). The Zipp Club youth program provides specialized banking for young customers with community features. Traditional banking services include savings products (standard term deposits, rent savings, stimulative savings, and Ververicka children's savings), consumer credits (online, up to 2.6M denars, pensioner-specific, instant shopping at malls, Neptune, deposit-backed), real estate credits (mortgage and housing with 3% fixed rate for 5 years), and energy efficiency credits. Business services include business cards, POS terminals, e-commerce solutions, securities brokerage, government securities trading, investment banking, custody services, documentary operations (guarantees, letters of credit, forfeiting), and various credit lines through international development banks (EBRD, EIB, FITR, RBSM, USAID). Payment integrations include Apple Pay, Google Pay, Garmin Pay, Visa Direct, Western Union, and open banking via OneID and the PSD2-compliant Open Banking Portal.

Differentiator

Problem solved

Functional benefit

Brands

• Zipp: Youth banking package including Zipp Debit Mastercard World card, Zipp Spots, and Zipp Club loyalty program for young customers
• KB Paketi
• BonusBox
• mBanka
• mBankaKo
• Ververicka
• Finansiska Ucilnica

Products and services

• Internet Bank (Интернет банка)
• mBanka Mobile App (мБанка)
• mBankaKo Mobile App (мБанкаКо)
• мТокен (mToken)
• OneID Electronic Identification
• Digital Kiosks (Дигитални киосци)
• SMS Banking
• Open Banking Portal
• Maestro Debit Card
• Debit Mastercard
• Debit Mastercard World
• Zipp Debit Mastercard World
• Visa Debit
• Visa Signature
• Mastercard Standard Credit Card
• Mastercard Revolving Credit Card
• Mastercard Skopje City Mall Co-branded Credit Card
• Visa Classic Standard Credit Card
• Visa Classic Revolving Credit Card
• Visa Revolving Study & Go Credit Card
• Visa Gold Credit Card
• Mastercard Platinum Credit Card
• Debit Mastercard Business
• Visa Business Debit
• Mastercard BusinessCard
• Mastercard Business International
• Visa Business Revolving
• Visa Corporate
• BonusBox Loyalty Program
• Zipp Club & Zipp Youth Package
• Gift Cards (Skopje City Mall, East Gate Mall)
• Smart Credit via Card (СМАРТ кредит)
• Standard Term Savings (denar and foreign currency)
• Rent Savings (Рентно орочено штедење)
• Stimulative Savings (Стимулативно штедење)
• Ververicka Children's Savings (Детско штедење „Верверичка")
• Online Consumer Credit (Онлајн потрошувачки кредит)
• Consumer Credit up to 2,600,000 denars
• Pensioner Consumer Credit (Потрошувачки кредит за пензионери)
• Instant Shopping Credit - East Gate Mall
• Neptune Consumer Credit
• Deposit-Backed Credit (Кредит со залог на депозит)
• Mortgage Loan (Хипотекарен кредит)
• Housing Credit (Станбен кредит)
• Energy Efficiency Credit (Кредит за енергетска ефикасност)
• POS Terminals (ПОС терминали)
• E-commerce Payment Solutions (Онлајн плаќања)
• Stock Exchange Brokerage (Берзанско посредување)
• Government Securities Trading (Работи со државни хартии од вредност)
• Investment Banking (Инвестициско банкарство)
• Custody Services (Старателски работи над хартии од вредност)
• Safe Deposit Boxes (Сефови)
• Insurance Products (Осигурување)
• Gold Coins (Продажба на златници)
• Western Union Money Transfers
• Currency Exchange (Девизен пазар)
• Documentary Operations (Документарно работење)
• KB Packages (КБ пакети)
• Digital Notifications for Business (Дигитални известувања)
• Digital Contract Signing (Дигитално потпишување договори)
• KB Invest Subsidiary Shares Sale (Продажба на удели во КБ Инвест)

Quantifiable outcome

• Best Bank in Macedonia for 2026 - 15th consecutive year recognition by Global Finance
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and strategic.

• MastercardcoreTechnology or Integration30-year partnership celebrating issuance of first internationally branded card in Macedonia. Provides debit (Maestro, Debit Mastercard, Debit Mastercard World) and credit cards (Standard, Revolving, Platinum, Skopje City Mall). Joint promotional campaigns.
• VisacoreTechnology or IntegrationCard network partner for Visa Debit, Visa Gold, Visa Signature, Visa Classic, Visa Business products. Joint promotions including 'Pay with Visa - Disneyland Paris awaits!' contest.
• Government of North MacedoniastrategicOthers235,000 EUR donation for construction of Urgent Internal Medicine Center in Skopje; football sponsorship for national teams; support for cultural events (Ohrid Summer Festival, Guitar Festival in Krusevo); book award foundation partnership.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NLB Banka Skopje (Stopanska Banka): Largest commercial bank in North Macedonia and the most direct competitor across retail, SME, and corporate banking. Highly comparable in product breadth, branch network, and digital strategy, with the advantage of NLB Group cross-border funding.
• Intesa Sanpaolo Banka (formerly KBC Banka): Macedonian subsidiary of the Intesa Sanpaolo group offering retail, SME, and corporate banking with a strong digital platform. Directly competes with KB on deposits, lending, and card products within the same regulatory regime.
• Halkbank Macedonia: Subsidiary of Turkish Halkbank serving retail and SME segments in North Macedonia with a comparable multi-channel distribution model and credit card portfolio.
• UniCredit Banka Skopje: Subsidiary of UniCredit Group offering retail, corporate, and SME banking with strong trade-finance capabilities, directly competing with KB in the international trade and corporate segments.
• ProCredit Bank Macedonia: Development-focused commercial bank serving SMEs and green-economy borrowers in North Macedonia, overlapping significantly with KB's SME and institutional-funded lending programs.
• OTP Banka Skopje: Hungarian-owned subsidiary of OTP Group providing full-service retail and corporate banking; comparable digital and branch footprint competing for the same customer base as KB.
• Sparkasse Bank Macedonia: Macedonian subsidiary of the Sparkasse/ERSTE Group offering retail and SME banking; comparable in branch coverage and SME credit focus with strong digital onboarding capabilities.

Broad incumbents

• Komercijalna Banka Belgrade (Serbia): Serbian state-linked universal bank sharing the Komercijalna Banka brand heritage; comparable in scale, full-service offering, and EBRD-style institutional partnerships, though operating in a different jurisdiction.
• NLB (Nova Ljubljanska Banka): Slovenian banking group whose Macedonian subsidiary is KB's closest competitor; broader regional incumbent operating across multiple Balkan markets with comparable retail and SME offerings.

Emerging players

• Tbanka (Silk Road Bank): Smaller Macedonian bank focused on digital-first and niche consumer segments; competes for the same retail and SME deposits but with a leaner branch footprint and digital-native approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/komercijalna-banka-ad

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Komercijalna Banka