Acquisition of Komercijalna banka in progress

The National Bank of Serbia confirmed for Novosti daily that the acquisition of the Komercijalna banka following the takeover request NLB sent was still in progress after six month since central bank of Serbia hasn't received the complete documentation yet.

The NBS is to decide on the request within 60 days of the reception of the request and the documentation, which hasn't yet happened.

According the law, before the transaction is finalized, mandatory regulation permits and approvals from the European Central Bank, the Bank of Slovenia and the National Bank of Serbia, must be obtained.

Mid-June, Nova Ljubljanska Banka (NLB) has filed a request for taking over the direct ownership, owning more than 50% of voting shares in Komercijalna banka.

The agreement on sale of Komercijalna banka with NLB was signed mid-February with NLB committing to pay EUR 387 for 83.2% of control stock.

Narodna banka Srbije Beograd

NLB banka AD Beograd

NLB Banka a.d. Beograd

NBS

purchase of Komercijalna banka

owner of Komercijalna banka

new owner of Komercijalna banka