Banca Intesa Beograd

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Banca Intesa Beograd
Native name Banka Intesa а.d. bеоgrаd
Type Joint-stock company
Industry Financial services
Predecessors Delta Banka
Founded Belgrade, Serbia (October 15, 1991 (1991-10-15))
Headquarters Belgrade, Serbia
Area served Serbia
Key people Draginja Đurić (Executive director)
Products Retail, investment and private banking, investment management, public finance
Revenue Decrease 444.65 million (2013)[1]
Net income Decrease €75.08 million (2013)[1]
Total assets Increase €3.727 billion (2013)[1]
Total equity Increase €862.57 million (2013)[1]
Owners Intesa Sanpaolo (93%)
International Financial Corporation (7%)
Employees 3,060[1]
Parent Intesa Sanpaolo
Website www.bancaintesa.rs

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[edit]

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.[1]

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