Sberbank to buy Komercijalna Banka?

Source: Novosti Tuesday, 26.11.2013. 14:51
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Unofficially, Russia's largest bank Sberbank is interested in buying a large bank in Serbia. This could be either Italy's Banca Intesa or Serbia's Komercijalna Banka as these two are leading banks in our country with about 600 branch and local offices and over 6,000 employees. The Russian bank wants to expand its business in Serbia as much as possible, which is why it intensively opens new offices in Belgrade and other cities and towns in Serbia.

Sberbank arrived in Serbia last year by taking over Austria's Volksbank.

This bank is ready to make big investments in Serbia and is mainly focused on cooperation with large private and public companies. Therefore, it would like to take over a large bank in our market.

As for Komercijalna Banka, it is still majority owned by the state that holds a 42.59 percent stake in it, whereas the European Bank for Reconstruction and Development holds a stake of 25 percent in that bank.

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Volksbank
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