Halkbank a.d. explained

Halkbank
Native Name:Халкбанк
Native Name Lang:srb
Predecessor:Čačanska banka (1956–2015)
Foundation:
Location City:Belgrade
Location Country:Serbia
Area Served:Serbia
Key People:Aziz Arslan (CEO)
Revenue: 22.77 million [1]
Net Income: €4.02 million
Assets: €595.22 million [2]
Equity: €102.89 million
Num Employees:505
Industry:Financial services
Products:Commercial banking, Investment banking

Halkbank a.d. (full legal name: Halkbank a.d. Beograd), previously known as Čačanska banka, is a Serbian bank founded in 1990 with the headquarters in Belgrade, Serbia. It enters into the composition of BELEXline, one of the main indices of Belgrade Stock Exchange.

History

Although founded back in 1956 under the name Komunalna banka za srez Čačak, in this form Čačanska banka operated since 28 December 1990. It was admitted to the free market in Belgrade Stock Exchange on 15 November 2004.[3]

On 20 March 2015 the Turkish Halkbank acquired 76.76 percent of shares of the Čačanska banka for 10.1 million euros, becoming the sole majority owner.[4] [5] Prior to the acquisition by the Turkish Halk Bankası, it had a network in 24 cities all over Serbia. In 2015, the bank changed its name to Halkbank a.d., and also moved its headquarters from Čačak to Belgrade, due to the expansion of business.

As of February 2017, its ownership structure consisted of: Halkbank (76.76%) and other minor parties.[6]

91.81% of the capital of Čačanska banka Čačak is held by legal entities, of which 28.49% by the Serbian State, 25.00% by the European Bank for Reconstruction and Development and 20.00% by the International Finance Corporation.[7] [8]

See also

Notes and References

  1. Web site: БИЛАНС УСПЕХА (2019) - Halkbank a.d.. apr.gov.rs. 21 July 2020. Serbian.
  2. Web site: БИЛАНС СТАЊА (2019) - Halkbank a.d.. apr.gov.rs. 21 July 2020. Serbian.
  3. Web site: Čačanska banka a.d., Čačak - Latest News. belex.rs. 27 February 2014.
  4. News: Serbia, Turkey's Halkbank seal deal for Cacanska Banka. 20 March 2015. reuters.com.
  5. News: HALKBANK CACANSKA BANK'I SATIN ALDI. 20 March 2015. haberturk.com. Turkish.
  6. Web site: Statistički prikaz vlasništva preduzeća. crhov.rs. 23 February 2017. sr.
  7. Web site: http://www.crhov.rs/?Opcija=1&odabraniemitentjmb=2AC2CF0CAE2D27FD&isin=48A6BA7EDC5C5BFBC0D8C242 . 2022-06-28 . www.crhov.rs.
  8. Web site: National bank of Serbia . 2022-06-28 . www.nbs.rs.