Agreement on acquisition of KBM shares signed

An agreement to transfer all the shares in KBM Banka Kragujevac that have so far been owned by Slovenia's NKBM to Andrej Jovanovic and Bojan Milovanovic was signed Wednesday (17 February 2016), it is said in a release.

The new owners will assume the management in few weeks at the earliest, the release adds.
The takeover of KBM Banka represents a great support to the domestic economy and capital, which is also an objective of this investment - to return this Serbian bank to Serbia, Dragan Lazarevic underlined, speaking on behalf of investors, and added that the implementation of the sale agreement would take the next few weeks, after which the new owners would assume the management of KBM Banka.

KBM Banka is a regional bank that started a successful banking tradition in Kragujevac. The year 2010 saw the bank became a member of the Nova KBM Group, one of the largest financial groups in Slovenia.

KBM Banka operates across the whole of Serbia through five affiliates with over 20 business units.

Eurobank Direktna a.d. Beograd

Nova KBM d.d. Maribor

KBM banka

NKBM

Nova KBM

Andrej Jovanovic

Bojan Milovanovic

Dragan Lazarevic