News

Komercijalna Banka sold to NLB for EUR 450 million?

Tuesday, 25. Feb 2020.

Komercijalna Banka has been sold to the Slovenian Nova Ljubljanska Banka (NLB) for around EUR 450 million, Vecernje Novosti reports.

The daily writes that they have been confirmed that NLB has bought the largest Serbian state bank  Komercijalna Banka.

Not even the record-breaking year 2019, during which Komercijalna Banka earned EUR 75.3 million, was enough for the decision-makers to change their minds, pushing for the sale until the end, Novosti writes.

The Slovenian bank is therefore to get a financial institution which covers nearly 11% of the domestic market.

The offer made by NLB amounted to EUR 450 million, or slightly less than six last years earnings of Komercijalna Banka. The daily says that there are no confirmations that this is the final price.

In order to acquire the majority control the state paid slightly over EUR 260 million to minority shareholders in 2019 for 41.47% of the ownership, which means that around EUR 190 million will be left over from the new transaction, if it is made at the initial price.


Source: eKapija

05. Apr 2020.
CARIC: Banks Better Prepared for Crisis Than in 2008

03. Apr 2020.
Banks Not Exempt from Measures of Aid to the Economy, Considered Large Companies

30. Mar 2020.
EU Approves EUR 15 Million for Serbia from Current Arrangements

30. Mar 2020.
Set of Support Measures for Economy and Citizens Worth EUR 5 Billion

23. Mar 2020.
Representatives of 12 Bilateral Chambers of Commerce in Serbia Propose Additional Measures of Suppor

13. Mar 2020.
Teva looking for new owner for Zdravlje factory in Leskovac

12. Mar 2020.
Belgrade Stock Exchange: We are protected from dramatic breakdowns of the capital market

27. Feb 2020.
Komercijalna Banka sold for EUR 387 million – NLB to become the third largest bank in Serbia through

18. Feb 2020.
Knauf Insulation celebrates 15th anniversary in Serbia

17. Feb 2020.
Serbia considering issuing yuan-denominated securities

24. Jan 2020.
Japanese Bank for International Cooperation considering opening investment fund in Serbia

16. Jan 2020.
EBRD invests EUR 516 million in Serbia in 2019

13. Jan 2020.
Chinese Zijin to invest USD 800 million in Serbia – Expansion of Zijin Bor Copper and development of

06. Jan 2020.
Proposal made for JUBMES to be renamed as ALTA Banka

30. Dec 2019.
BRNABIC: State to start reforming EPS and Srbijagas

24. Dec 2019.
EIB and Credit Agricole secure EUR 30 million in loans to SMEs in Serbia

23. Dec 2019.
Tender for Lasta to open in April 2020 – Another 84 state companies with 30,000 employees waiting fo

17. Dec 2019.
Three offers sent for Komercijalna Banka

10. Dec 2019.
Leoni building factory in Kraljevo – Jobs for 5,000 workers by the end of 2023

06. Dec 2019.
Farmakom M.B. concern with four lead, antimony and zinc mines up for sale

04. Dec 2019.
Investment funds from Silicon Valley considering investments in Serbia

03. Dec 2019.
Petrohemija to invest EUR 15.4 million in processing capacity increase

02. Dec 2019.
Arrival of Chinese company Quectel an opportunity for development of 5G IoT apps in Serbia – Jobs fo

01. Dec 2019.
New sale of thread and yarn manufacturer Dunav from Grocka – Initial price for a quarter of the capi

30. Nov 2019.
British company Aptiv to build factory in Zajecar on 40,000 m2 – Investment worth EUR 20 million, jo

29. Nov 2019.
Serbian Blockchain Summit on December 7 in Belgrade

29. Nov 2019.
JAT Tehnika sold to Czech company Avia Prime

26. Nov 2019.
State buys 34% of shares of Komercijalna Banka

23. Nov 2019.
China cracks down on bitcoin