Summary of Proposed Investment
Project Number
24247
Company Name
BANCA INTESA AD BEOGRAD
Date SPI Disclosed
Jan 23, 2006
Country
Serbia
Industry
Financial Markets
Projected Board Date
Feb 23, 2006
Status
Completed
Sector
Commercial Banking - General
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Mar 2, 2006
Signed : May 12, 2006
Invested : Jun 9, 2006
Project Description
The project company is Banca Intesa A.D. Beograd of Serbia-Montenegro or “the Bank”, one of the largest commercial banks in Serbia in terms of total assets, and one of the country’s best-managed financial institutions. The Bank offers traditional banking products (both at the retail and wholesale levels), and has an active presence in structured finance, equipment leasing, cash management, international banking and treasury.
The proposed project consists of:
- an IFC minority equity investment; and
- a tier II qualifying subordinated debt in Banca Intesa A.D. Beograd of Serbia-Montenegro.
This proposed investment will be made along with Banca Intesa, which acquired a majority stake in the Bank’s shareholding.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Adriano Arietti
Executive Director M &A
Foreign Banks Division
Banca Intesa
Tel: +390287937572
Fax: +390287937276
OR
Mr. Rainer Lovato
M &A and Corporate Development
Foreign Banks Division
Banca Intesa
Tel: +390287937843
Fax: +390287937828