Nova Banka eyes Komercijalna Banka in Banjaluka
- Komercijalna Banka has a well-developed network of offices, it is a small bank with not so much risky investments, so shareholders might be interested in acquiring that bank because the merger of these two could produce a bank with KM 2.5 billion (EUR 1.25 billion) worth of assets and lower operating costs, which would optimize the network and cut other costs as well - says Radovic.
Nova Banka currently has a yield on capital of 12%, which is an exceptionally good indicator along with the NPL level of 7.5% that is twice as low as the market average of 14.3% in Bosnia-Herzegovina.
Radovic expects the next year to bring about significant changes in the ownership structure of few other banks in the Republic of Srpska in which Nova Banka will take a lead role.
- Nova Banka will end the business year 2015 with a net profit of between 11 and 12 million convertible marks (EUR 5.5-6 million), at the same level as last year. As far as I know, Komercijalna Banka's profit in 2014 amounted to about KM 25,500, which was enough to cover mandatory reserves - says Radovic.
Komercijalna Banka AD Banjaluka was opened 26 September 2006. The majority shareholder, with a stake of 99.9%, is Komercijalna Banka Beograd, one of the leading banks in Serbia.
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