NLB

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 – The shareholders of the Slovenian subsidiary of Russia’s Sberbank, which was acquired by Slovenia’s largest bank NLB in March, formally decided on Monday to rename the subsidiary N Banka.

Koper – Luka Koper, the operator of Slovenia’s sole commercial port, has announced signing a EUR 60 million syndicated loan agreement with NLB and Intesa Sanpaolo Bank, to finance its investment activities. In an announcement posted on the Ljubljana Stock Exchange, the company said the loan has a fixed interest rate with quarterly repayment instalments.

Belgrade – The NLB group has serious plans for the Serbian market, said Serbia’s Finance Minister Siniša Mali after Friday’s meeting with NLB CEO Blaž Brodnjak, the Serbian Press Agency Tanjug reported.

Minister Mali noted in his post on Instagram that the Slovenia-based banking group successfully completed acquisition of Serbian Komercijalna Banka last year.

A few days ago, however, another purchase was announced, so when the merger of Raiffeisen and Credit Agricole Bank is completed, there will be one bank less.
Considering the announcements, there will be more such transactions in the coming months, Novosti writes.

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 – NLB, the largest bank in Slovenia, will phase in fees for combined deposits by physical persons of over EUR 250,000 as of April. The monthly fee will amount to 0.04% and will be first charged in May, the bank said in a press release on Tuesday.

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.