Stopanska Banka

What Stopanska Banka does

Stopanska Banka AD - Skopje (Стопанска Банка АД - Скопје) is a publicly traded, full-service commercial bank and the oldest banking institution in North Macedonia, founded in 1944. It is majority-owned by the National Bank of Greece (NBG) Group and operates as the bank with the longest tradition in the country. The bank serves retail individuals, small and micro companies, and medium-to-large corporate clients across all major municipalities of North Macedonia through the most extensive branch network in the country (significant presence in Skopje, Bitola, Ohrid, Kumanovo, Tetovo, Gostivar, Strumica, Kavadarci, Kicevo, Veles, Stip, and Kochani), supplemented by an ATM network with Cash-In capability.

Its product portfolio spans consumer loans (unsecured up to EUR 25,000 and secured up to EUR 80,000), housing loans including under-construction financing, auto loans, and the Moj Cash revolving credit line; sight and time deposits including the Pcelka children's savings account; Mastercard (Standard, Platinum, Debit, TOPSI youth) and Visa Internet debit cards; eight insurance lines distributed via partnership; and brokerage and government securities via the wholly owned STB Broker subsidiary. Revenue is generated primarily through net interest spreads on lending, transaction and card fees, recurring digital service subscriptions (MKD 35/month standard, MKD 50/month with digital wallets), foreign exchange and remittance commissions (including Western Union), and insurance distribution commissions.

The bank operates a multi-channel distribution model combining physical branches with a digital stack comprising a 24/7 e-banking web platform, a native m-banking app (iOS, Android, Huawei AppGallery) with integrated M-token software authentication, the Topsi Pay instant P2P payment service, OneID digital identity verification, Apple Pay and Google Pay tokenization, a PSD2 Open Banking Portal, Visa Direct, and SEPA credit transfers (enabled October 2025). In 2025 the bank generated profit before provisions and taxes of EUR 84.5 million and pre-provision income of EUR 70 million in Q3 (+7% YoY), declared a EUR 59.00 per ordinary share dividend, opened a new LEED Gold-certified headquarters with the central 'Grand' branch in 2026, refreshed its executive leadership under CEO Chrysoula Koutoudi, and expanded its strategic partnership with Mastercard.

Name

Stopanska Banka

Legal name

Stopanska Banka AD - Skopje (Стопанска Банка АД - Скопје)

Website

https://stb.com.mk

Company type

Public

Founded year

1944

Operating status

Operating

Headcount range

101–250 employees

Short description

Stopanska Banka is the oldest full-service commercial bank in North Macedonia (founded 1944), majority-owned by NBG Group, serving retail, SME, and corporate customers through the country's most extensive branch network and an integrated digital banking platform (e-banking, m-banking, Topsi Pay, Open Banking Portal).

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

Keywords

• Retail banking
• Consumer lending
• Corporate banking
• Payment cards
• Digital banking

Headquarters

HQ city

Skopje

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: The bank generates revenue through interest spreads on consumer loans, housing loans, business loans, and credit card lending. Products include unsecured consumer loans up to EUR 25,000, secured consumer loans up to EUR 80,000, housing loans, and auto loans.
2. Fee and Commission Income: Transaction fees from payment services including domestic payments (MIPS, KIBRS), international transfers, ATM withdrawals, account maintenance, and card transaction fees. The bank charges fees for digital service usage, card issuance, and payment processing.
3. Digital Banking Services: Monthly fees for digital banking services: MKD 35.00 monthly for standard mobile app users with M-token, MKD 50.00 monthly for users with digital wallets. First M-token issuance fee of MKD 100.00 if no transaction made during the year.
4. Foreign Exchange Services: Revenue from currency exchange operations, including fees for foreign currency purchases/sales and international money transfers.
5. Insurance Distribution: The bank distributes insurance products including credit life insurance, life insurance (Riziko), travel insurance, property insurance, auto insurance, health insurance, accident insurance, and loan protection insurance, earning commission revenue.
6. Brokerage Services: Securities trading, government securities, and investment services through STB Broker.
7. Western Union Money Transfers: International money transfer services through Western Union partnership.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Stopanska Banka AD Skopje is a universal commercial bank providing full-service retail and corporate banking across North Macedonia. Its core offering includes deposit products (sight and time deposits), consumer and housing loans, auto financing, Mastercard and Visa payment cards, insurance distribution, securities brokerage via STB Broker, foreign exchange, and digital banking channels (m-banking, e-banking, Topsi Pay). The bank operates the most extensive branch and ATM network in the country as a subsidiary of the National Bank of Greece (NBG) Group.

Product overview

Stopanska Banka AD Skopje operates a full-service banking model offering a comprehensive portfolio of traditional financial products and services organized across several core categories: credit products (unsecured and secured consumer loans, mortgages for completed and under-construction properties, auto loans, and revolving credit via Moj Cash), deposit products (sight and time deposits including 18/20, 12/13, and Pcelka children's savings), payment cards (Mastercard Standard and Platinum credit cards, Mastercard Debit, Mastercard TOPSI youth debit, and VISA Internet debit), insurance products (credit life, risk life, pension, travel, property, auto, health, and Unit Link investment-linked insurance), digital banking channels (e-banking web platform, m-banking native mobile app with M-token authentication, Topsi Pay instant P2P payments), financial market services (brokerage through STB Broker, government securities, and exchange operations), and an Open Banking Portal for PSD2-compliant third-party access. The bank operates an extensive branch and ATM network across Macedonia and is a member of the NBG (National Bank of Greece) Group. New Mastercard Platinum credit and debit cards were launched in June 2026 under an expanded strategic partnership with Mastercard.

Differentiator

Problem solved

Functional benefit

Brands

• M-banking App: Mobile banking application available for Android and iOS with features including account management, payments, and M-token authentication
• Topsi Pay
• e-banking
• TOPSI
• Golden Club
• M-Token
• OneID

Products and services

• Consumer Unsecured Loan

Quantifiable outcome

• Profit before provisions and taxes of EUR 84.5m in 2025, demonstrating resilient performance
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Five partnerships are on record, tiered flagship and standard.

• MastercardflagshipTechnology or Integration · 17 June 2026Strategic partnership expansion in 2026 to develop payment services and introduce new card products. The partnership, active since 2009, includes introduction of Mastercard Platinum (debit and credit) for individuals and Mastercard Business debit for legal entities. The expanded collaboration focuses on digital payment infrastructure and improved customer experience.
• Western UnionstandardTechnology or IntegrationInternational money transfer services enabling customers to send and receive money globally through the bank's network.
• GooglestandardTechnology or IntegrationIntegration partnership for Google Pay digital wallet enabling contactless payments with Visa and Mastercard cards via Android devices.
• ApplestandardTechnology or IntegrationIntegration partnership for Apple Pay enabling contactless payments with Visa and Mastercard cards via Apple devices.
• OneIDstandardTechnology or IntegrationDigital identity verification service integration allowing customers to update their personal data using OneID electronic identification credentials.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• National Bank of Greece (NBG Group): NBG is the Greek banking conglomerate that is the majority parent of Stopanska Banka, providing capital, governance and risk frameworks. As the immediate owner, NBG offers the cleanest governance and capital-supply peer comparison for Stopanska's relationship with its parent.
• Eurobank S.A. (Greece): Eurobank is a Greek universal bank with significant SEE and Cypriot retail/corporate operations through subsidiaries including Hellenic Bank. As another Greek group with SE European subsidiary banks, it is a comparable incumbent to NBG and provides a peer reference for regional banking group economics.
• NLB d.d. (Slovenia): NLB is the largest Slovenian banking group and parent of NLB Banka Skopje, with a universal retail/corporate franchise across the Balkans. It is comparable to NBG Group (Stopanska's parent) as a regional incumbent with cross-border banking operations, providing a peer read on SE European banking economics.

Direct peers

• NLB Banka Skopje: NLB Banka is one of the top universal banks in North Macedonia offering deposits, consumer/housing loans, cards, and digital banking under the Slovenian NLB Group. It directly competes with Stopanska Banka for the same retail, SME and corporate segments in the same geography with an overlapping product set.
• Sparkasse Banka Skopje: Sparkasse Banka is the Macedonian subsidiary of the Austrian Steiermärkische Sparkasse group, offering universal retail and corporate banking. It competes head-to-head with Stopanska in Macedonian retail deposits, consumer lending and cards.
• Ohridska Banka Société Générale: Ohridska Banka is the Macedonian arm of Société Générale, providing retail, SME and corporate banking products. It targets the same customer base as Stopanska Banka with directly comparable deposit, loan and card offerings in North Macedonia.
• ProCredit Bank Macedonia: ProCredit Bank is a development-oriented commercial bank focused on SMEs and small retail customers in North Macedonia. Its product mix (SME loans, deposits, e-banking) and target segments overlap materially with Stopanska Banka's small/micro company and retail consumer offerings.
• Halkbank AD Skopje: Halkbank AD Skopje is a full-service universal bank in North Macedonia, subsidiary of Turkey's Halkbank, providing consumer and corporate banking, cards, and digital channels. It serves the same retail and SME customers as Stopanska Banka with similar deposit, lending and payments products.
• UniCredit Banka Macedonia: UniCredit Banka Macedonia is the local arm of Italy's UniCredit Group, offering corporate, retail and investment banking. It competes directly with Stopanska Banka in SME lending, retail deposits, cards, and digital banking services across North Macedonia.

Regional players

• Komercijalna Banka AD Beograd: Komercijalna Banka is a top-tier Serbian universal bank with similar full-service retail and corporate products (deposits, cards, lending, brokerage). It is a useful comparable on operating model and SE European emerging-market banking economics, though it does not directly compete in North Macedonia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PL7D2377A3A0750E2B
• Facebookfacebook.com/stopanskabanka
• Xx.com/ibankstoreSTB

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Stopanska Banka