Brodnjak

NLB completes acquisition of Serbian bank

Published by The Slovenia Times on Thu, 12/31/2020 - 07:20

Ljubljana – Nova Ljubljanska Banka (NLB), Slovenia’s largest bank, has completed the acquisition of an 83.2% stake in Komercijalna Banka (KB) in Serbia, a move it describes as a milestone in its strategy of becoming the leading financial institution focused on Southeast Europe. NLB paid EUR 394.7 million for the stake.

NLB’s takeover of Serbian bank about to be completed

Published by The Slovenia Times on Wed, 12/23/2020 - 07:07

Ljubljana – NLB, Slovenia’s largest bank, has obtained all the required permits to take over an 83% stake in Komercijalna Banka in line with the February contract, NLB said in a press release on Tuesday.

The takeover of the bank which the Serbian state sold to NLB in February for EUR 387 million is expected to be finalised by the end of the year.

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