NLB to become the third largest bank in Serbia

On 26 February 2020, Nova Ljubljanska banka d.d. (“NLB” or “NLB Group”) entered into a share purchase agreement (“SPA”) with the Republic of Serbia (“RoS”) for the acquisition of an 83.23% ordinary shareholding in Komercijalna Banka a.d. Beograd (“KB”).The closing of the transaction is expected in Q4 2020 and is subject to mandatory regulatory approvals from, amongst others, the European Central Bank, Bank of Slovenia and the National Bank of Serbia.