Telenor banka

Telenor banka
Native name
 Telenor banka
Joint-stock company
Industry Financial services
Founded 9 May 2014 (2014-05-09)
Headquarters Omladinskih brigada 88, Belgrade, Belgrade, Serbia
Area served
 Serbia
Key people
 Miloš Brusin (CEO)
Products Commercial banking
Revenue Increase €2.99 million (2016)[1]
Total assets Increase €92.66 million (2016)[1]
Owner Telenor Danmark Holding (100%)
Number of employees
 182 (Feb 2018)
Parent Telenor Serbia
Website www.telenorbanka.rs

Telenor banka is a commercial bank based in Belgrade, Serbia. It was founded in 2014 upon the acquisition of KBC banka in Serbia, by Telenor Serbia, the largest telecommunications operator in the country. Telenor banka is Serbia's first fully mobile bank, having no branches, and relying completely on developed mobile banking solution. This is the first project of its kind in Southeast Europe.

History

Current banking licence was originally awarded to Alco banka in 1996. This bank was then sold to KBC Group in 2007. The Belgian bank was present in Serbia since then, up until 2014, when they announced their retreat from the Serbian market. They made a deal with Société Générale Srbija to sell its portfolio to this bank, while the banking licence and the bank itself were sold to Telenor Group, which was already present in Serbia, as a telecommunications operator. Thus, Telenor banka was founded, and commenced its operations in September 2014.

In July 2017, a strategic partnership contract was signed between Telenor and the Bulgarian investment fund River Styxx, selling 85% of shares to River Styxx. Telenor would keep a 15% share in bank's ownership, retaining special ties between Telenor Serbia and the bank.[2] However, the transaction was annulled by the National Bank of Serbia in February 2018, due to "non-fulfillment of the prescribed conditions established by the regulations of Serbia".[3]

Market and financial data

According to the most recent consolidated annual financial report submitted to the Serbian Business Registry Agency, the company has 182[4] employees and posted an annual loss of RSD 1,317,786,000 (€10.98 million) for the calendar year 2016.[1] At the end of 2016 Telenor banka's total assets reached RSD 11,119,778,000 (€92.660 million).[1]

According to media reports, the bank has more than 330,000 clients.[2]

See also

References

  1. 1 2 3 4 "Redovni godišnji finansijski izveštaj banke za 2016" (PDF).
  2. 1 2 "Bugarski investicioni fond kupio Telenor banku". N1 Srbija (in Serbian). Retrieved 2017-09-05.
  3. ↑ "Bez odobrenja NBS za Telenor banku, neuspela prodaja". b92.net (in Serbian). 6 February 2018. Retrieved 7 February 2018.
  4. ↑ "Podaci NBS o Telenor banci".
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