Komercijalna Banka

Ljubljana – The NLB bank has send a request to its Serbian subsidiary NLB Komercijalna Banka for a buy-out of the minority shareholders as Slovenia’s largest bank recently reached the relevant threshold after acquiring additional shares. NLB expects that the buy-out will have a neutral impact on the group’s bottom line.

Ljubljana – NLB bank is completing the integration of Komercijalna Banka, a Serbian bank it bought in 2020. It has received regulatory approval for the legal merger of Komercijalna with NLB’s existing branch in Serbia, while the operational merger will take place over the weekend.

Ljubljana – Having completed the takeover of Serbian bank Komercijalna Banka, Slovenia’s largest bank, NLB, will start eyeing potential new acquisition opportunities next year with CEO Blaž Brodnjak offering Albania as one potential new market.

Ljubljana – NLB, Slovenia’s largest banking group, reported a net profit of EUR 64.6 million for the first quarter of the year, about 3.5-fold the figure posted in the same period a year ago (EUR 18.3 million).

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.

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.

AIK bank offered about 395 million euros, according to the daily newspaper, citing unofficial sources.

On this occasion, representatives of the international institution confirmed a stable GDP growth projection of 3.5 percent for 2019 and four percent for 2020.

Greece's largest lender Piraeus Bank said on Tuesday it had agreed to sell its unit in Albania to Balfin Group and Komercijalna Banka.

The divestment is part of Piraeus Bank's EU-approved restructuring plan to boost its core capital and reduce its foreign exposure.

Alpha Bank said on Monday that it had reached a deal to sell its wholly owned subsidiary Alpha Bank Srbija to Serbia's MK Group, which is involved in a range of businesses.

Analysts say other Greek lenders could also pull out of Serbia as they restructure in the wake of Greece's debt crisis.