Banca Intesa Beograd
Encyclopedia
Banca Intesa Beograd is a bank operating in Serbia, majority owned (93%) by Italian Intesa Sanpaolo
and other 7% by International Financial Corporation, World Bank.
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 3,006 employees and it posted an annual profit of RSD
3,158,966,000 (approximately €
39.5 million at the time) for the calendar year 2007.
Intesa Sanpaolo
Intesa Sanpaolo is a banking group resulting from the merger between Banca Intesa and Sanpaolo IMI based in Turin, Italy. It has clear leadership in the Italian market and a minor but growing international presence focused on Central-Eastern Europe, the Middle East and North Africa Intesa Sanpaolo...
and other 7% by International Financial Corporation, World Bank.
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
Belgrade Stock Exchange
The Belgrade Stock Exchange is a stock exchange in Belgrade, Serbia.-History:The first ideas about establishing an institution which would control the movement of the value of money appeared in Serbia in the 1830s. The Serbian Trading Association, important for the development of the entire...
(BELEX) until November 17, 2006.
As a result of the August 2006 merger of Banca Intesa and Sanpaolo IMI
Sanpaolo IMI
The Gruppo Sanpaolo IMI was one of Italy's major banking and insurance groups, based in Turin. It employed about 44,000 people and had about 7 million customers....
banking groups, since January 1, 2007 Banca Intesa Beograd operated as member of the newly formed Intesa Sanpaolo
Intesa Sanpaolo
Intesa Sanpaolo is a banking group resulting from the merger between Banca Intesa and Sanpaolo IMI based in Turin, Italy. It has clear leadership in the Italian market and a minor but growing international presence focused on Central-Eastern Europe, the Middle East and North Africa 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 3,006 employees and it posted an annual profit of RSD
Serbian dinar
The dinar is the currency of Serbia. An earlier currency also called dinar was used in Serbia between 1868 and 1918. The earliest use of the dinar date to 1214. Today's Serbian dinar is a continuation of the last Yugoslav dinar...
3,158,966,000 (approximately €
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
39.5 million at the time) for the calendar year 2007.