Slovenian bank NLB acquires Serbia's Komercijalna Banka

Komercijalna Banka AD Skopje

30/12/2020 12:47

ZAGREB, Dec 30 (Reuters) - Slovenia's largest bank, NLB
 NLBR.LJ , said on Wednesday it had completed its acquisition of
an 83.2% stake in Serbia's Komercijalna Banka  KMBN.BEL .
    The deal was worth 394.7 million euros ($485 million).
    It makes NLB the third biggest player in the Serbian banking
market with a market share of some 12%, the lender said in a
statement.
    The deal also strengthens NLB's position in Bosnia and
Montenegro, where Komercijalna Banka owns a local bank in each
country.
    NLB operates in Slovenia, Serbia, Bosnia, Kosovo, North
Macedonia and Montenegro. 
    The Slovenian state controls 25% of NLB.
    ($1 = 0.8145 euros)

 (Reporting by Igor Ilic; editing by Jason Neely)
 ((igor.ilic@thomsonreuters.com; +385 1 4899 970; mobile +385 98
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