According to the writings of the Serbian media, NLB has submitted their offer to purchase the Serbian Komecijalna Bank. However, at the moment there has been no information regarding the offer price.

Note, however that this was not the only offer submitted as the total number of offers amounted to four. Other interested buyers were: AIK Bank, Raiffeisen and Direktna banka.

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.

To read about Komercijalna Bank’s H1 2019 performance please click here.