AIK Bank acquires Eurobank Direktna

Eurobank has signed a binding agreement (share purchase agreement) with AIK Bank a.d. Beograd for the sale of Eurobank Direktna, Eurobank’s subsidiary in Serbia.

The transaction values 100% of Eurobank Direktna at €280 million and is consistent with Eurobank’s strategy to direct capital to opportunities with more compelling RoTBV and to further enhance its presence in its core markets, namely Greece, Bulgaria and Cyprus.

The Transaction is expected to contribute ca, 50 bps to Eurobank’s CET1 ratio (based on the Q3’2022 ratio), reflecting the release of related RWAs. It is expected to be completed within the year 2023, subject to customary regulatory and other approvals.

Eurobank Direktna is headquartered in Belgrade and operates through 4 primary segments: Retail Banking, Corporate Banking, Small Business Banking & Digital Banking, and holds a market share of 6% in terms of total assets.  It currently employs c. 1,600 people, operates 98 branches and has a balance sheet size of €2.4bn. 

AIK Bank is one of the most prominent financial institutions on the Serbian market, with an 8.2% market share in assets, a more than 40-year-long tradition and high-quality banking services to more than 740.000 clients, including corporate, SME and retail segments.

(, 03.03.2023)


This post is also available in: Italiano

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