The Finance Minister Siniša Mali stated that if all of the non-binding bids meet the requirements, they will proceed to the next phase, when bidders will analyze the bank’s operations.

On Friday, the Serbian media stated the Republic of Serbia recieved four non-binding bids regarding the privatisation of Komercijalna banka. The deadline for submitting non-binding bids expired on Friday, which was previously extended from 23 August.

The Finance Minister Siniša Mali stated that if all of the non-binding bids meet the requirements, they will proceed to the next phase, when bidders will analyze the bank’s operations. After that, binding bids will follow.

As a reminder, the Republic of Serbia has earlier this month reached an agreement with EBRD and IFC Capitalization Fund concerning the sale of 34.58% of the ordinary shares in Komercijalna Banka. Following completion of the mentioned transaction, the Republic of Serbia will own 83.2% of the ordinary shares of the Bank.