Delta Banka
Delta Banka, established in 1991, used its market strength to become the leading player for both foreign currency and domestic payment operations in 2003 and with significantly improved profitability, becomes our bank of the year. Net profits increased 15-fold in 2003 reflecting substantial increases in fee and foreign exchange income and almost tripling the return on average equity to 32.8%. The bank was not only able to boost its Tier 1 capital by 61.8% and total assets by 51.9%; it was also able to double its foreign currency savings, acquire Poljoprivredno Investiciona Banka last September and be the first institution in the region to introduce a Visa chip card. The bank claims to have the largest network of point-of-sale terminals and ATMs in the country and is intent on building on its 20% market share of deposits and leading market position.
