Halkbank Belgrade increases capital by another EUR 20 million

On August 1, 2018, by issuing shares for qualified investor Halkbank a.d. Belgrade, for the second time this year, increased the capital by EUR 20 million. Major shareholder, Türkiye Halkbankası A.Ş. was only buyer of shares and bought 147,500 shares offered which represents 100% of total issuance of shares. With this, Türkiye Halkbankası A.Ş. continued the process of investing in Serbia that started with buying 76.75% of the shares from EBRD, IFC and Republic of Serbia in May 2015, and was followed by an increase of capital of EUR 10 million in November 2015, and an increase of capital of EUR 20 million in February 2018.

After the latest increase of capital, major shareholder, Türkiye Halkbankası A.Ş. in this moment owns 99.99% of total capital of Halkbank a.d. Belgrade. This way Türkiye Halkbankası A.Ş. sends a clear message that it is devoted to further growth and development of the Bank which in previous year was higher than 23%. With the finishing of this process, capital adequacy ratio of Halkbank is now close to 30%, which is well above average 22% of the banking sector in Serbia.

Halkbank a.d. Belgrade made a significant portfolio growth in all business segments. Halkbank keep expanding its branch and network in order to make products and services accessible to as many clients as possible. In the forthcoming period Halkbanks aim is to be the one of the fastest growing bank on the market through continuous strengthening of capital and investing into the most advanced IT technologies and innovative solutions. Social responsibility, speed and quality of service are the values that Halkbank will continue to cherish in the future as well. Tailor made approach to each client is Halkbabks trade mark because our employees, as well as our clients, are actually just people – People beyond everything.

Halkbank AD Beograd

Halkbank Belgrade

Turkiye Halkbankası

Halkbanke capital increase

Halkbank operations