The financial closing of the transaction is estimated in Q2 2022, subject to regulatory approval.

OTP Bank announced yesterday it has entered into an agreement to acquire 100% of Slovenia’s NOVA KBM and its subsidiaries, which are 80% owned by funds managed by affiliates of Apollo Global Management and 20% by EBRD. The financial closing of the transaction is estimated in Q2 2022, subject to regulatory approval.

With a market share of 20.5% by total assets as of December 2020, Nova KBM d.d. is the 2nd largest bank in the Slovenian banking market and as a universal bank it has been active in the
retail and corporate segments as well.