"Pljevaljska banka" obtained new owner

Montenegrin Tender commission for privatization in the banking sector has completed the text of pre-contract on sale of "Pljevaljska banka" to the consortium made of "Atalasmont banka", the namesake fund and company Fin invest.

The pre-contract is on tender sale of 78.7% of State-owned capital in "Pljevaljska banka" at starting price of 3 million EUR, the only interested in the procurement of which was consortium of "Atlasmont banka" and "Fin invest".

Director of "Atlasmont banka", Mihailo Banjević, stated that the buyer had accepted to invest 20.5 million EUR in "Pljevaljska banka", including credit portfolio and equipment. Also, the complete collective contract, which was signed in October 2005 in "Pljevaljska banka", has been accepted.

According to his words, reaching of the agreement on technical details related to sale of State-owned share in "Pljevaljska banka" is expected in the following days, whereas signing of the sales contract is expected in 15 days, as soon as the Government and the Privatization Council give their opinions.