Komercijalna Banka might be sold for EUR 415 million

Half a million euros is the value set by the Government of Serbia for 100% of the capital of Komercijalna Banka, whose sale is planned to take place by the end of the year, Blic reports, citing unnamed sources.

Considering that up to 83.2% of the bank's capital is offered, the bank might be sold for about EUR 415 million, which is around EUR 15 million more than the bank's current market price at the Belgrade Stock Exchange.

As an unnamed source told the daily, in that case, the ratio between the market price and the book value of a share is 0.85, a good price in today's circumstances:

– The final sales price might be greatly influenced by negotiations between the state and the purchaser.

The Ministry of Finance opened the public call for the sale of Komercijalna Banka on Friday. The biggest individual stakeholder in the bank is the state, and the bid submission deadline is June 21.

This bank also operates in Republika Srpska and Montenegro. Serbia owns 41.7% of the bank's shares, the EBRD owns 24.4%, and the World Bank's Fund owns 10.1%.

NLB Komercijalna banka AD Beograd

Vlada Republike Srbije

Ministarstvo finansija Republike Srbije

EBRD Evropska banka za obnovu i razvoj Beograd

EBRD London

World Bank Fund

sale of Komercijalna Banka

public call for sale of Komercijalna Banka

capital ratio at Komercijalna Banka

market price of a share

book value of a share