ABSTRACT
Jews mainly engaged in some branches of the urban economy, crafts and trade and hardly anywhere else. On the eve of the First World War another Jewish-Serbian bank was founded with capital from the Budapest Hungarian Bank and the Commercial Joint-Stock Company of the same city. The Serbian export trade, which used to export mainly raw materials and intermediaries, faced the problem of finding new ways and opportunities to penetrate new markets to maintain its uninterrupted continuity. Modification of the structure of Serbian exports was contemplated, partially through the establishment of the country's own consumer products industry, particularly canning. Shifts are noticeable toward occupations which render possible greater volume of operations and higher profit, which may be attributed to the progress, modernization and Europeanization of the Serbian economy at that time. The Saobracajna banka was founded in 1912 with Serbian and Jewish capital with the aim of mediating in export trade, engaging in agency deals, discount, and other banking transactions.
