Deadline for submission of bids for the sale of Komercijalna Banka moved

The deadline for the submission of non-binding bids for the purchase of the state’s share package in Komercijalna Banka has been moved from August 23 to September 6. The reason is that certain potential purchasers need more time to examine the documentation of the bank’s operations.

The Government of Serbia opened the public invitation on the last day of May.

The potential purchasers for the takeover of one of the largest banks in Serbia are Raiffeisen Bank, AIK Bank, NLB Bank and the American-European consortium consisting of Ripplewood Advisors, Direktna Banka and Greece’s Eurobank.

Serbian Finance Minister Sinisa Mali said on several occasions that he expected the procedure of the sale of Komercijalna Banka to be completed successfully by the end of 2019.