Komercijalna Banka in Serbia is one of the potential acquisitions of Raiffeisen Bank International (RBI), it was revealed on Wednesday, March 13, at a press conference in Vienna.
– The consolidation of the banking sector is currently being carried out in several countries of Central and Eastern Europe, which RBI wants to take part in – Johann Strobl, the CEO of RBI, said and added that the Czech Republic, Slovakia, Bulgaria and Serbia were especially interesting.
Strobl said that, in the relevant markets, RBI wanted to grow through acquisitions of portfolios or the purchase of smaller banks after a long time, if the price and the environment were right.
At the press conference, where the 2018 results were presented, the management of RBI explained that it followed public and semi-public discussions about the privatization of Komercijalna Banka, noting that the sales process had not yet been initiated, the Austrian agency APA reported.
Serbian Finance Minister Sinisa Mali announced last week that a tender for finding a strategic partner would open in May and that it should be completed by the end of the year. Belgrade media have been speculating these days that five local and foreign investors, three strategic companies with experience in the banking sector and two investment funds for which banking is not the primary activity, have expressed an interest in purchasing Komercijalna Banka.
The Republic of Serbia has a 42% stake in Komercijalna Banka, the EBRD owns 24.4%, and the IFC, a member of the World Bank, owns 10%.
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