Banca Intesa Beograd Explained

Banca Intesa Beograd
Native Name:Банка Интеза Београд
Native Name Lang:sr
Type:Joint-stock company
Industry:Financial services
Predecessor:Delta Banka
Location City:Belgrade
Location Country:Serbia
Area Served:Serbia
Key People:Draginja Đurić (Executive director)
Products:Retail, investment and private banking, investment management, public finance
Revenue: €230.11 million [1]
Net Income: €100.11 million
Assets: €4.846 billion [2]
Equity: €352.48 million
Owner:Intesa Sanpaolo
International Financial Corporation
Num Employees:3,011
Parent:Intesa Sanpaolo
Subsid:Intesa Leasing d.o.o.

Banca Intesa Beograd (Serbian: Банка Интеза Београд) is one of the largest operating banks in Serbia, majority owned (93%) by the Italian Intesa Sanpaolo and other 7% by International Financial Corporation, World Bank. Its headquarters is in Belgrade, Serbia.

History

It was founded as Delta banka in 1991. In February 2005, Banca Intesa acquired 75% stake in the bank for €278 million. By August of same year its stake was increased to 90%.

Following the majority takeover finalization, Delta banka officially changed its name to Banca Intesa Beograd during fall 2005.[3] The bank has been trading on Belgrade Stock Exchange (BELEX) since 2006.[4]

As a result of the August 2006 merger of Banca Intesa and Sanpaolo IMI banking groups, since 1 January 2007 Banca Intesa Beograd operated as member of the newly formed Intesa Sanpaolo group. Since Sanpaolo IMI owned Panonska banka in Serbia, a decision had to be made about the new group's future structure in Serbia. Initially, Banca Intesa Beograd and "Panonska banka" remained as separate entities. However, on 1 January 2008, "Panonska banka" has been merged into Banka Intesa Beograd.

See also

Notes and References

  1. Web site: БИЛАНС УСПЕХА (2017) - Banca Intesa Beograd. apr.gov.rs. 19 October 2018.
  2. Web site: БИЛАНС СТАЊА (2017) - Banca Intesa Beograd. apr.gov.rs. 19 October 2018. Serbian.
  3. News: Delta banka od juče posluje pod imenom Banca Intesa AD Beograd . 18 October 2018 . ekapija.com . Danas . 6 December 2005 . Serbian.
  4. Web site: R E Š E NJ E o sticanju statusa Člana Berze i izdavanju dozvola za trgovanje . belex.rs . 18 October 2018 . Serbian . PDF . 21 June 2006.