Slovenia’s NLB reportedly selected to buy Serbia’s Komercijalna Banka

By bne IntelliNews February 25, 2020

Slovenia's largest bank Nova Ljubljanska Banka (NLB) is the selected buyer for Serbia’s second-largest bank Komercijalna Banka, the Serbian news outlet Blic reported on February 25 quoting unnamed government sources.

NLB is one of three candidates that filed binding bids in the privatisation tender for Komercijalna Banka along with Raiffeisenbank and AIK Banka of Serbian businessman Miodrag Kostic.

According to Blic, a contract should be signed within days. So far, Serbia’s finance ministry has not confirmed the news.

Serbia’s government launched a privatisation procedure for Komercijalna Banka last year, and in December it received three eligible binding offers. The finance ministry has not disclosed the bidders, but eKapija reported at the time that offers were submitted by Raiffeisenbank, AIK Banka and NLB.

Serbia is offering a 83.23% stake in Komercijalna Banka, which it holds after acquiring the shares of the EBRD, IFC Capitalisation, and the funds DEG and SVED earlier this year.

Related Articles

North Macedonia starts process of issuing six-year Eurobond

North Macedonia has launched the process of issuing a six-year Eurobond to cover budget gaps for 2020 and 2021, local media reported on May 27. The government previously said that the maximum ... more

Economists predict Turkey will see rate cut of 50bp on May 21

Responses from 15 economists surveyed by Reuters produced a median estimate of 50bp for the benchmark rate cut Turkey’s central bank is expected to announce on May 21 (at 11:00 GMT). It would be ... more

Serbia's central bank sets minimum capital buffer for systematically important banks

Serbia's central bank said it has set minimum capital requirements for systemically important banks that will be required as of June 30. The central bank has defined nine of the commercial banks ... more