The closing of the transaction is envisaged by 31 March 2022.

NLB published an announcement on the LJSE stating that Komercijalna banka Beograd and Banka Poštanska štedionica signed a sale and purchase agreement relating to 100% ordinary shares of Komercijalna Banka Banja Luka.

The closing of the transaction is envisaged by 31 March 2022 at the latest, subject to receipt of requisite regulatory approvals, while the effect of the transaction on the consolidated financial statements is not material.

As of end 2020, Komercijalna banka Banja Luka operated with 10 branches, 9 agencies and had 163 employees. The intention to divest from KB’s subsidiaries was already communicated by the company and does therefore come as no surprise.