Banks

NLB bank has serious plans for Serbian market, says Serbian minister

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.

Banca Transilvania Group posts 1.015 bln lei in H1 net consolidated profit

Banca Transilvania Group's net consolidated profit for the first half of 2021 stands at 1.015 billion lei, up 47.2 percent compared to the same period last year, with the bank's profit standing at 901 million lei (48.3 percent higher YoY), the group said in a report to the Bucharest Stock Exchange.

Investors being presented Slovenia’s debut sustainability bond

Ljubljana – Slovenia is presenting the framework for its first sustainability bond to investors in a global call on Monday, to be followed by one-on-one calls with interested investors on Tuesday, the Finance Ministry has announced. The issue will depend on the market situation.

AIK to buy regional Sberbank branches, including Slovenian

Ljubljana, 16 June – Finance reported on Wednesday that the Serbian AIK Banka is close to signing a deal to buy all of Russian Sberbank’s operations in Southeast Europe, including those in Slovenia. A potential merger of Sberbank in Slovenia and Gorenjska Banka, which is owned by AIK, would create the third largest banking group in the country.

Turkey fines 10 foreign firms for illegal short selling

Turkey's capital markets watchdog imposed fines totaling 26.4 million Turkish liras ($3.25 million) on 10 foreign financial firms for unlawful short-selling transactions.

According to a Capital Markets Board (SPK) statement, Credit Suisse Securities Europe Limited was fined $960,500, Barclays Capital Securities Limited $867,600 and Merrill Lynch BofA International was fine $778,300.


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