Ministry of Finance seeks financial advisor for selling shares in Komercijalna banka

The Ministry of Finance has published a public call for leading international companies to submit the Expressions of Interest for providing consultancy services for preparing and implementing a plan for selling the shares the state owns in Komercijalna banka a.d.

The entire state stake comprised of Republic of Serbia shares is up for sale and it can also include other shares by the shareholders willing to join the sale and the privatization process, the public call states.

It was specified that Komercijlna banka has 16,817,956 regular shares owned by 1,176b shareholders and 373,510 preference shares owned by 644 shareholders. Both regular and preference shares are listed on the Belgrade Stock Exchange.

By the estimated total assets, the participation share of Komercijalna banka in the Serbian banking sector was 10.83% on March 31, 2018. The bank`s share in total banking deposits is 12.8% and in the share in total capital is 9.56%.

Komercijalna banka Group consists of Komercijalna banka a.d. Beograd, Komercijalna banka a.d. Budva, Komercijalna banka a.d. Banja Luka and KomBank Invest a.d. Beograd.

Consolidated financial statements of Komercijalna banka Group on June 30 2018 were – total assets EUR 3,53 billion, total deposits EUR 2,858,443,000, profit EUR 32,065,000, total capital EUR 567,431,000 and off-balance sheet items EUR 4,258,129,000.

The bank has a network of 204 branch offices in the entire Serbia and according to the data from June 30, 2018 has 2,809 employees.

Interested parties should have a significant experience in bank privatizations and a team of experts. The companies can also join in a consortium.

The deadline for submitting Expressions of Interest expires on November 12, 2018.

Ministarstvo finansija Republike Srbije

NLB Komercijalna banka AD Beograd

Beogradska berza a.d. Beograd

Komercijalna banka a.d. Budva

Banka Poštanska štedionica a.d. Banja Luka

Kombank invest a.d. Beograd

sale of Komercijalna banka

privatization of Komercijalna banka

sale of Komercijalne banke shares