After last week’s signing of a share purchase agreement with Skupina PRVA d.d. and its related parties for the acquisition of a 25.66% of all dematerialised shares in Deželna banka Slovenije d.d. (DBS), NLB Group today also entered into a share purchase agreement with KD Group d.d. for the acquisition of additional 29,38 % of all dematerialised shares. Thereby NLB Group has signed agreements to acquire more than 55% of the voting rights in DBS.
Both transactions are expected to be completed following receipt of all required regulatory approvals, most likely in the second half of next year. NLB Group expects no obstacles to obtaining such approvals. In the meantime, we are open to discuss the acquisition of a larger strategic share with the remaining shareholders.
Following the successful completion of the transaction and takeover, DBS is expected to become part of the NLB Group. Our aim is to combine the strengths of both banks to provide customers with an even broader range of financial services, access to modern digital solution, as well as an extensive branch and ATM network. NLB’s aim is namely to retain the DBS’s network in environments where NLB currently does not have a physical footprint, thus securing access to cash and other universal financial services to the widest possible range of clients, from households to farmers, businesses and local communities. We also aim to create greater value for shareholders and other stakeholders, while further strengthening the NLB Group’s position in its home market.
As already communicated, with the intended acquisition of an ownership stake in DBS NLB Group recognizes the importance of the agricultural sector – a segment that DBS largely serves through its products and services, while within the NLB Group it has long been understood and supported as an area of broader societal importance. The ability to secure a reliable domestic food supply chain has namely become a strategic issue. As Slovenia's leading bank and a crucial development partner, NLB wishes to further strengthen its systemic role and make a meaningful contribution to shaping Slovenia's future.
At the NLB Group we see and understand our role in society in the broadest sense. In addition to supporting our customers across all the markets where we operate with our services, solutions, expertise and knowledge, we are also delivering value to our shareholders through the profits we generate and the dividends we pay out – with the Republic of Slovenia as a shareholder in NLB, this also means honouring the trust of all Slovenians. But that is not all. With our roots firmly anchored in our home market, we are well aware of the challenges that lie ahead. Ensuring food security and self-sufficiency is one of them. That is why we want to further strengthen our support for the agricultural sector, not only through the range of activities and services already offered by the NLB Group, but also through the planned acquisition of a stake in DBS. With its network, talents, and deep understanding, DBS is a true expert and partner to the agricultural community, which is something we greatly value within the NLB Group and intend to preserve and further develop.
The main activities of KD and KD Group include managing market and non-market investments, managing surplus cash, and generating financial returns. For the long-term development of Group KD, it is essential to actively manage our investments and systematically seek new business opportunities in areas where employee expertise and a high level of self-financing provide a competitive advantage. The sale of our stake in DBS represents an opportunity to successfully continue our strategic focus on value creation, and we are pleased that NLB has recognized the importance of DBS in the areas it primarily focuses on.
DBS is a Slovenian universal bank with 65 branches, representing the third-largest branch network among banks in Slovenia. As at year-end 2025, DBS had total assets of EUR 1.6 billion, corresponding to a 2.8% market share. Risk-weighted assets (RWA) amounted to EUR 524 million. The bank serves all key customer segments, with retail customers, small and medium-sized enterprises (SMEs), and the agri-food sector as its three strategic focus segments. DBS is distinguished by its traditionally strong presence in agriculture, the agri-food sector, rural areas and the cooperative sector, where it operates as a specialised financial partner.
NLB has been supported by Keefe, Bruyette & Woods (KBW), and Law firm Kavčič, Bračun and partners.
For further information please contact pr@nlb.si or info@kd-group.si.
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