History of TTK Bank s.c. Skopje

TTK Bank s.c. Skopje performs as joint stock Company – legal subject, as of July 1st 2006. It performs its activities in accordance with the provisions of the Law on Banks, with Decision issued by the Governor of the National Bank of the Republic of Macedonia, and as result of the merger of Teteks – Kreditna Bank AD Skopje and Tetovska Bank AD Tetovo into a new bank – TTK Bank sc Skopje.

Economic justifiability of the merger of two banks starts with the features of macro-economic conditions in the Republic of Macedonia. The Bank performs its activities in the existing environment. It is influenced by the market, i.e. has the need to overcome pressures of competition and changes related with clients’ awareness of the financial services offered by the banks. All the aforementioned are reasons enough to undertake initiatives, and work on enlargement of the banking system in the country.  
 
TTK Bank sc Skopje performs its activities based on institutional conditions and material suppositions, defined in the macro-economic and monetary – loan policy in the country, as well as aims and tasks, determined with the Business Policy of the Bank for the year 2006.  

The Bank performs independently and successfully all banking activities with clients. Namely, it performs loan activities with individuals and legal entities, as well as loan activities with SMEs and Large clients. Furthermore, MKD and FCY savings deposits, payment cards, current accounts, payment operations in the country, trading in securities, quick money transfer MoneyGram and e-banking; all these are performed in accordance with the provisions for banking activities, directed towards maintaining stability and security in the performance, improvement of solvency  and profitability of the activity.  

The Development Plan of the Bank consists of making best decisions in certain conditions and undertaking activities for realization of set goals. The Bank constantly consolidates with the conditions in the country and participation of foreign capital in the economy as well as in the banking sector.   

By being present with its organizational units in other parts of the country, the Bank strives to mobilize free financial assets of individuals and legal entities. The reason for this is to come closer to the clients in the act of offering banking services, attraction of new clients and expanding the clients’ base, which leads to creation of higher values for its shareholders.   

The Bank leads policy of real positive interest rate, real tariff policy, having the aim to maintain its competitiveness in the banking surroundings.