Banca Intesa Beograd

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.

Banca Intesa Beograd

Native name	Банка Интеза Београд
Company type	Joint-stock company
Industry	Financial services
Predecessor	Delta Banka
Founded	15 October 1991; 33 years ago (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	€230.11 million (2017)[1]
Net income	€100.11 million (2017)[1]
Total assets	€4.846 billion (2017)[2]
Total equity	€352.48 million (2017)[2]
Owner	Intesa Sanpaolo (93%) International Financial Corporation (7%)
Number of employees	3,011 (2017)
Parent	Intesa Sanpaolo
Subsidiaries	Intesa Leasing d.o.o.
Website	www.bancaintesa.rs

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.^{[citation needed]}

See also

• List of banks in Serbia