Halkbank increases capital by EUR 20 million – Turks own 99.94% share

Halkbank Belgrade has increased its capital by EUR 20 million by issuing shares to a qualified investor, the bank announced. The majority owner, T.Halk Bankasi, was the only purchaser of the shares and it bought 98.505% of the total volume, that is, 236,412 shares.

The Turkish bank thereby continued the process of investments in Serbia, which started with the purchase of 76.75% of the shares from the EBRD, the IFC and the Republic of Serbia in May 2015 and continued with an increase in capital by EUR 10 million in November 2015.

After an additional purchase of shares in the stock exchange in August and the offer for the takeover of the remaining stake in September, followed by a forced share buyback and the latest capital increase, the majority owner currently holds 99.94% of the total capital of Halkbank Belgrade.

The bank currently has 23 branches and 9 offices, 78 ATMs and 450 employees.

As the bank says, their aim is to be “a bank which supports and finances the growth and the development of the local economy, while also being a safe place for the clients' savings deposits”.

Halkbank AD Beograd

EBRD Evropska banka za obnovu i razvoj Beograd

Turkiye Halbankasi as Istambul

Halkbank

Halkbank capital increase

T Halk Bankasi AS

Turkiye Halkbankasi

IFC

Cacanska Banka

forced share buyback

purchase of Halkbank shares