Banca Intesa Beograd

Banca Intesa Beograd is a commercial bank serving retail, corporate and other institutional customers in Serbia. Its origins date to 1991, when it was established as Delta banka. The institution became part of the Italian banking group Banca Intesa through a majority acquisition in 2005. Banca Intesa initially acquired a 75 percent stake for €278 million in February 2005 and increased its holding to 90 percent later that year. After the takeover was completed, Delta banka adopted the Banca Intesa Beograd name during the autumn of 2005. The bank subsequently became part of the wider Intesa Sanpaolo organization. Banca Intesa and Sanpaolo IMI combined in August 2006, creating Intesa Sanpaolo, and Banca Intesa Beograd has operated within that group since 1 January 2007. The group also controlled Panonska banka in Serbia. The two Serbian entities initially continued as separate banks, but Panonska banka was merged into Banca Intesa Beograd on 1 January 2008, consolidating the group's Serbian banking operations. Banca Intesa Beograd's business encompasses standard commercial-banking activities, including retail banking for individuals, financing and transaction services for businesses, and investment-related services. Its position in the Serbian market is supported by its connection to Intesa Sanpaolo, while its local identity and operating platform are focused on customers and economic activity in Serbia. The bank is headquartered in Belgrade. The available reference material identifies it as one of Serbia's largest operating banks and records majority ownership by Intesa Sanpaolo, with a minority holding attributed to the International Finance Corporation, part of the World Bank Group.

Banca Intesa Beograd began in 1991 as Delta banka, a Serbian banking institution based in Belgrade. Its later development was shaped by the entry of the Italian Banca Intesa group into the Serbian market. In February 2005, Banca Intesa acquired a 75 percent interest in Delta banka for €278 million. The Italian group increased its stake to 90 percent by August of the same year. Once the majority takeover had been completed, Delta banka changed its corporate name to Banca Intesa Beograd during the autumn of 2005. The bank was subsequently connected to the broader structural changes in Italian banking. Banca Intesa and Sanpaolo IMI merged in August 2006, forming Intesa Sanpaolo. From 1 January 2007, Banca Intesa Beograd operated as a member of the new group. This change gave the Serbian bank a place within the international Intesa Sanpaolo network while retaining its local banking identity and Serbian operating base. The group also owned Panonska banka in Serbia. Initially, Banca Intesa Beograd and Panonska banka remained separate legal entities after the creation of Intesa Sanpaolo. The group's Serbian structure was later consolidated: Panonska banka was merged into Banca Intesa Beograd on 1 January 2008. This merger brought the two Serbian operations together under the Banca Intesa Beograd platform. The bank's activities cover the principal areas of commercial banking. These include services for individual customers, banking and financing for companies, and investment-related services. The institution is headquartered in Belgrade and operates in the Serbian market. Reference material describes it as one of the country's largest operating banks. Its ownership is majority held by Intesa Sanpaolo, with a minority stake attributed to the International Finance Corporation.

• 2008

  Panonska banka is merged into the bank

  [1]Banca Intesa Beograden.wikipedia.org

  Panonska banka is merged into Banca Intesa Beograd on 1 January, consolidating the group's Serbian banking entities.

• 2007

  Becomes an Intesa Sanpaolo group member

  [1]Banca Intesa Beograden.wikipedia.org

  Following the Banca Intesa–Sanpaolo IMI merger, Banca Intesa Beograd operates within Intesa Sanpaolo from 1 January.

• 2006

  Shares trade on the Belgrade Stock Exchange

  [1]Banca Intesa Beograden.wikipedia.org

  The bank began trading on the Belgrade Stock Exchange in 2006, according to the reference history.

• 2005

  Banca Intesa takes a majority stake

  [1]Banca Intesa Beograden.wikipedia.org

  Banca Intesa acquires 75 percent of Delta banka for €278 million in February and raises its holding to 90 percent by August.

• 2005

  The bank is renamed Banca Intesa Beograd

  [1]Banca Intesa Beograden.wikipedia.org

  After the majority takeover, Delta banka formally adopts the Banca Intesa Beograd name during the autumn.

• 1991

  Delta banka is founded

  [1]Banca Intesa Beograden.wikipedia.org

  The institution that later became Banca Intesa Beograd is established in Serbia under the name Delta banka.

A large Serbian commercial bank combining local banking operations with the resources and international affiliation of the Intesa Sanpaolo group.

• Banking services

  Retail banking

  Services for individual customers, including the ordinary deposit, payment and borrowing activities associated with a commercial bank. The available reference material identifies retail banking as one of Banca Intesa Beograd's principal business areas.

• Banking services

  Corporate banking

  Banking and financing services for companies and other business customers in Serbia. The corporate activity forms part of the bank's commercial-banking offering and complements its retail business.

• Investment banking and financial services

  Investment services

  Investment-related services included within the institution's described business scope. The available source does not provide a detailed product catalogue or identify individual named investment products.

• 2008

  Merger with Panonska bankaM&A

  Background

  After Intesa Sanpaolo was formed, its two Serbian banking entities initially continued to operate separately.

  Action taken

  Panonska banka was merged into Banca Intesa Beograd on 1 January 2008.

  Aftermath

  The merger consolidated the group's Serbian banking operations under Banca Intesa Beograd.

  Source

• 2005

  Acquisition and rebranding of Delta bankaM&A

  Background

  Banca Intesa entered the Serbian bank through the acquisition of a majority stake in Delta banka.

  Action taken

  It acquired 75 percent in February 2005, increased the stake to 90 percent by August, and the bank was renamed Banca Intesa Beograd during the autumn.

  Aftermath

  The transaction placed the Serbian institution within the Banca Intesa organization and established the basis for its later integration into Intesa Sanpaolo.

  Acquisition consideration. €278 million (February 2005)

  Source

• 2008

  Panonska banka merges into Banca Intesa Beograd[1]Banca Intesa Beograden.wikipedia.org

  M&A

  The Intesa Sanpaolo group's two Serbian banking entities were consolidated when Panonska banka was merged into Banca Intesa Beograd on 1 January 2008.

• 2007

  Banca Intesa Beograd joins the Intesa Sanpaolo group[1]Banca Intesa Beograden.wikipedia.org

  M&A

  After the merger of Banca Intesa and Sanpaolo IMI, Banca Intesa Beograd began operating as a member of the newly formed Intesa Sanpaolo group on 1 January 2007.

• 2005

  Banca Intesa acquires majority stake in Delta banka[1]Banca Intesa Beograden.wikipedia.org

  M&A

  Banca Intesa acquired 75 percent of Delta banka for €278 million in February 2005 and later increased its stake to 90 percent. The transaction began the bank's transition into the Intesa organization.

• 2005

  Delta banka adopts the Banca Intesa Beograd name[1]Banca Intesa Beograden.wikipedia.org

  Other

  Following the majority takeover, Delta banka officially changed its name to Banca Intesa Beograd during the autumn of 2005.

1. 1Banca Intesa Beograden.wikipedia.org
2. 2Banca Intesa Beograd official websitebancaintesa.rs