Sanel Kusturica Member of Management Board

Sanel Kusturica MSc was appointed to the position of Member of the Board of Directors of Sparkasse Bank AD Skopje on March 26. 2021, and from May 1, 2022 he assumed the position of Chairman of the Board of Directors and General Executive Director of the Bank.

He started his banking career in 1999 as part of Micro Enterprise Bank AD Sarajevo, Bosnia and Herzegovina, where he performed several positions related with lending, and in 2001 he was appointed as Head of Lending Sector. He held this position until 2003, when he became part of the Management Board and Executive Director of ProCredit Bank AD Sarajevo. In 2006 Kusturica has been appointed as Head of Division responsible for large corporate clients and key clients in UniCredit Zagrebacka Bank. In 2007 he became Executive Director and Management Board Member in HVB-Central Profit Bank, and from March, 2008 has been appointed as Executive Director and Management Board Member in UniCredit Bank BiH.

Kusturica became part of Erste and Steiermerkische Group in June 2009, with his appointment as Executive Director and Management Board Member of Sparkasse Bank AD BiH, where in September, 2009 was appointed CEO and President of the Management Board of the Bank, responsible for Sales sector for retail and small businesses, Sector for development of business with retail and small enterprises, Operations sector, Directorate for Human Resources, Directorate for Marketing, Communication and Quality of Service and Directorate for Sekretariat and compliance. He performed this function until the end of January, 2021.

The President of the Management Board is responsible for retail activities, marketing and product development activities, the human resources and for coordination of the General Secretariat and the internal audit.


Nina Nedanoska has been appointed a member of the Board of Directors of Sparkasse Bank AD Skopje by a Decision of the Supervisory Board which entered into force on 16.07.2021, and from 01.05.2022 she has been the Deputy Chairman of the Board of Directors.

She started her career in banking in 2003 as part of Ohridska banka AD Skopje, gradually advancing and building a rich banking career in several managerial positions. In the period from 2006 to 2010 she was the Director of the Skopje Branch, and from 2010 to 2013 she worked as the Head of the Retail Network of the Bank, as well as the Deputy Head of Commerce and Marketing. In 2013, Nedanoska was appointed Deputy Director of the Corporate and Investment Banking Sector, and then in 2015 to become Director of the same sector.

In 2018, Ms. Nedanoska was appointed a member of the Management Board of Ohridska Banka, responsible for the organization, management and monitoring of the commercial sector, as well as for the operation of the departments within the Corporate Clients Sector: Small and Medium Enterprises Department, credit analysis department, capital market and trading department, marketing department and network sales department. From 2019 until the accession of Ohridska banka AD Skopje to Sparkasse Bank AD Skopje, Ms. Nedanoska was the Chairman of the Management Board of Ohridska banka AD Skopje.

The Deputy President of the Management Board is responsible for corporate activities, finance activities, trading and financial market activities and property, logistics and safety activities.

Zlatica Civkaroski

Alvin Alicevic Member of Management Board

Zlatica Civkaroski MSc. has been appointed as Member of the Management Board of Sparkasse Bank AD Skopje on 01.04.2024.

She started her carrier in the field of banking in 2004, as retail loan officer in Teteks Kreditna Bank AD Skopje. In 2005 she participated in the team for change of the core banking system of the Bank and in 2006 she was member of the team for integration of Teteks Kreditna and Tetovska Bank, as responsible person for implementation of systemic process for lending in the part of Tetovska Bank, for corporate and retail clients. The working relationship within TTK Bank AD Skopje continued until May, 2012 with performing of several managerial positions, such as Deputy head of Directorate for managing market and operative risk, Supervisor in Corporate clients Division – in Directorate for Large clients and Director of Directorate for credit analysis.

Civkaroski became part of Sparkasse Bank in Republic of North Macedonia in May, 2012 on the position Corporate and SME clients associate in the Credit Risk management Unit and from March, 2013 she was promoted to Corporate and SME clients’ senior associate. As a result of positive evaluation and advanced professional expertise, Civkaroski was appointed as Acting Head of Workout and foreclosed assets management Directorate in July, 2014 and from May, 2015 she received the function Head of Workout and foreclosed assets management Directorate. In the status change procedure – accession of Ohridska Bank to Sparkasse Bank, Civkaroski was responsible for appropriate scope for systemic and process implementation of Group workout policies, for default definition, forbearance and nonperforming restructuring, for rules and Group standards for collateral management. After completing of this procedure in July, 2021, Civkaroski performed the function Director of Workout and collateral management Directorate, until July, 2023, when she was appointed as Director for Credit risk and workout Division. In her working carrier, she attended and completed additional training and educational programs in the scope of risk management, among which acquiring Group licenses in this area.

Zlatica Civkaroski MSc., as Member of the Management Board in Sparkasse Bank AD Skopje, is responsible for strategic risk management activities, credit risk management and workout activities and banking operations activities.


Alvin Alicevic Member of Management Board

Aleksandar Djordjevic MSc was appointed to the position Member of the Management Board of Sparkasse Bank AD Skopje on 01.04.2024.

He started his career in 2008 in Asseco SEE, Belgrade, Serbia, on the position Project Manager for implementation of banking software solutions. Here, he has successfully delivered over 20 projects, among which are two CBS migrations, Collateral Management solution, AML solution, BI solutions within in different banks in the region.In 2014 Djordjevic has transferred to Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Belgrade, Serbia as a Project Manager responsible for the Project for Public Finance Management reform i.e. management and support of the entire process of transformation and organizational restructuring of the Tax Administration and the Ministry of Finance of the Republic of Serbia. Within this position, together with other experts, he worked on the preparation and delivery of a five-year comprehensive program for transformation, which was recognized by the IMF and local independent bodies as a high-quality program by international standards. He has also participated in the preparation and delivery of the first version of a comprehensive Public Finance Management reform which served as a basis for significant institutional upgrade of the public finance management system and a basis for EU accession negotiation.

Djordjevic joins the team of Erste and Steiermerkische Group in May 2019, on the position of Project and Process Manager responsible for Southeast Europe. He was in charge of day to day management and support of the Steiermaerkische Sparkasse subsidiary banks in R. North Macedonia and Bosnia and Herzegovina in setting up and implementing various group and local programs, projects, and complex initiatives, taking care to meet the group and local strategic objectives and defined key results. Directly led complex programs and projects of key importance for Erste and Sparkasse Group, and was also stream leader responsible for IT and Organization for successful merger of Sparkasse Bank and Ohridska Bank in North Macedonia, including managing of all technical aspects of the integration.

The Member of the Management Board is responsible for IT activities and digital channels and organization.

Supervisory Board

  • Georg Bucher - President
  • Walburga Seidl - Deputy President
  • Slavisa Kojic - Member
  • Hans Ludwig Diexer - Member
  • Gligor Bishev - Member
  • Goran Petrevski - Independent Member
  • Tatjana Shishkovska - Independent Member