Public call for statements of interest in purchasing Komercijalna Banka opens

The Ministry of Finance of the Republic of Serbia has opened a public call for the collection of statements of interest in participating in the sale of shares of Komercijalna Banka a.d. Beograd.

As said in the text, the ministry invites all interested local and foreign legal entities that meet the requirements. The main criteria is that the potential purchaser has been active in banking in the past three years and that the value of the total assets pertaining to the banking activities exceeded EUR 1 billion at the end of 2018.

It is also necessary for the legal entity to have collected funds in the amount of at least EUR 500 million in the past ten years and that it managed property worth at least EUR 1 billion at the end of 2018. The investor also needs to have had a minimum of 20% in the capital of at least one banking group in the past ten years, with that banking group having assets of over EUR 1 billion in at least one year within the investment period.

The text also says that subsidiaries operate within the bank – Komercijalna Banka Podgorica and Komercijalna Banjaluka.

The text reminds that, on the date of the publication of the call, May 31, 2019, the Republic of Serbia is a registered owner of 41.75% of the total number of regular shares issued by the bank and that it will acquire an additional 41.47% of regular shares from the European Bank for Reconstruction and Development (EBRD), IFC Capitalization, Fund LLP, DEG and Swedfund during the tendering process, based on the binding contract on the acquisition of relevant shares by these international financial institutions.

The consortium headed by Lazard Freres and consisting of KPMG and Prica & Partners has been hired as the consultant of the Ministry of Finance in the procedure of the sale of the bank’s shares.

The deadline for the submission of statements of interest is June 21, 2019.

More about the public call can be found HERE.

NLB Komercijalna banka AD Beograd

Komercijalna banka Podgorica

Ministarstvo finansija Republike Srbije

EBRD Evropska banka za obnovu i razvoj

Banka Poštanska štedionica a.d. Banja Luka

Komercijalna banka Beograd

Komercijalna banka Podgorica

Komercijalna banja Banjaluka

Ministry of Finance

European Bank for Reconstruction and Development

IFC

DEG

Swedfund

Lazard Freres

KPMG

Prica and Partners

purchase of Komercijalna banka

sale of Komercijalna banka

sale of shares of Komericijalna banka