Puneet Varma (Editor)

Banca Intesa Beograd

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Predecessor
  
Delta Banka

Headquarters
  
Founded
  
1991

Net income
  
75.08 million EUR (2013)

Parent organization
  
Industry
  
Area served
  
Founder
  
Miroslav Mišković

Revenue
  
444.6 million EUR (2013)

Total assets
  
3.727 billion EUR (2013)

Native name
  
Banka Intesa а.d. bеоgrаd

Key people
  
Draginja Đurić (Executive director)

Banca Intesa Beograd 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.

The bank has been trading on Belgrade Stock Exchange (BELEX) until November 17, 2006.

As a result of the August 2006 merger of Banca Intesa and Sanpaolo IMI banking groups, since January 1, 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, as of January 1, 2008, Panonska banka has been merged into Banka Intesa Beograd.

According to its most recent annual financial report submitted to Serbian Economic Register Agency, the company has 3,060 employees and it posted an annual profit of RSD 8,607,525,000 (approximately €75.08 million at the time) for the calendar year 2013.

References

Banca Intesa Beograd Wikipedia


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