The banking licence was originally awarded to "Alco Banka" in 1996, and was in ownership of Serbian businessman Miroljub Aleksić.

In June 2007, "A Bank" was sold to the Belgian KBC Group for 100 million euros.

[3] The Belgian bank was present in Serbia from 2007 up until 2014, when they announced their retreat from the Serbian market.

Yettel Bank also announced an additional team enlargement, especially in the product and IT departments.

[1] At the end of 2016 Telenor banka's total assets reached RSD 11,119,778,000 (€92.660 million).