Recapitalization of Halkbank a.d. Beograd Soon

The GM of Halkbank a.d. Beograd, in line with the main goals of the business policy, has reached the decision on the 33rd issue of shares for the qualified investor Turkiye Halk Bankasi, whereby a capital increase of EUR 30 million will be carried out. The bank’s capital will reach the value of EUR 136 million this way, and the capital adequacy would be kept at a high level.

This growth has secured a long-term stability of the bank, which is of great importance for launching future projects. The bank will use the additional capital to improve its business through the new Core Banking system, which will feature the possibility of adequately meeting the needs and the requirements of the planned future development and growth of the bank. Digital transformation is a process in which investments are constant, and the bank has already presented new debit cards, credit cards and the benefits of eBanking and mBanking services to its clients. The recapitalization will enable the further continuation of an efficient growth and development in the market of the Republic of Serbia and the fulfillment of the plan which entails the opening of up to five new business units a year.

The network of Halkbank’s branch offices currently spreads across 36 business units and 88 ATMs throughout Serbia. Since its arrival to the market of the Republic of Serbia, the bank has been constantly working on increasing the number of branch offices and expanding the network of ATMs, to the end of being as available to the clients as possible. Since the very beginning of its operations in Serbia, Halkbank is realizing considerable growth rates of its key balance positions, as well as a growth of the portfolio in all segments of its business, so the total balance assets currently amount to EUR 723 million. Parallel with the growth of the balance assets, the bank placed focus, in the same period, on the development of a cashless payment system, whereby the level of the services and the security in this business segment have been improved considerably.

Halkbank played a great role in establishing the cooperation between Serbia and Turkey, primarily in promoting Serbia as an investment destination to Turkish investors, which has contributed to an increase in the trade between the two countries. In the past period, direct investments from Turkey and the trade between the two countries have increased at a great pace, to which the bank gave its full support. The collaboration between the two countries is one of the important goals and the bank will continue inciting Turkish investors to invest more in Serbia.

In the past period, to the end of mitigating the consequences of COVID-19, the bank has provided credit support to over 960 clients in the total amount of EUR 80 million, through the program of support with guarantees from the Government of Serbia. Furthermore, the bank, in cooperation with other financial institution, continues to develop new products, in order to provide additional support in the upcoming period to micro, small and medium enterprises, as well as agricultural clients, which are directly affected by the pandemic. Along with the existing clients, the bank will strive to provide active support to startup clients in the next period as well.

This way, the parent bank confirms its long-term dedication to the development of Halkbank in Serbia, the provision of support to its employees and the bank’s clients, because we are all together – people above all.

Halkbank AD Beograd

Halkbank ad Beograd

Turkiye Halk Bankasi

share issue

bank recapitalization