Komercijalna banka Skopje (Macedonian Cyrillic: Комерцијална банка Скопје) was established in 1955 as Komunalna Banka (Комунална Банка) of the city of Skopje and was specialized for approving housing loans and financing construction operations. Since 1955, it has gone through several transformations characteristic for the banking system

System

System is a set of interacting or interdependent components forming an integrated whole....

 of the region

Region

Region is most commonly found as a term used in terrestrial and astrophysics sciences also an area, notably among the different sub-disciplines of geography, studied by regional geographers. Regions consist of subregions that contain clusters of like areas that are distinctive by their uniformity...

.

On January 1, 1990, the Bank became independent through its transformation into a joint stock company

Company

A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...

 under the name Komercijalna Banka A.D. Skopje. Since then, the Bank has been making its progress rapidly, with a purpose to meet the growing needs of its clients.

Today Komercijalna Banka A.D. Skopje is a universal bank licensed for performing all types of banking operations, combining the functions of commercial banking, savings deposits and investments, as well as banking services provided to the citizens and enterprises

Business

A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

 in the domain of domestic and international payment operations

Business operations

Business operations are those ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders...

.