The National Bank of Serbia (NBS) announced today that it was the only competent institution to make a final decision on the application for the acquisition of ownership of Telenor Bank and that it has not received a single application for prior consent.
The central bank gave this statement in reference to media writings concerning the purported acquisition of Telenor Bank and news that the Competition Protection Commission gave approval to the PPF group to acquire Telenor Bank, which is part of the Telenor Group.
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In the press release, the NBS underlines that since January, when it refused an application of a legal person submitted in 2017, which intended to acquire ownership in the bank on behalf and for the account of a natural person (RSC Investments B.V., The Netherlands on behalf and for the account of Elvin Vehip Guri), it has not received a single application for prior consent for the acquisition of ownership of Telenor Bank, or the application of the PPF group.
The bank points out that only after it receives a due application for prior consent for the acquisition of ownership in a bank does the NBS begin to assess the application submitted, being the only competent institution to make a final decision on such application.
The Bank Law, the NBS reminds, stipulates that, without prior consent of the NBS, no person may acquire direct or indirect ownership in a bank which provides such person with the possibility to exercise 5% or more voting rights in the bank.
Elvin Vehip Guri is an Albanian businessman from Bulgaria and the founder of the River Styxx Capital. Before becoming an entrepreneur, Guri worked for PricewaterhouseCoopers and EBRD in Sofia and London.
(N1, eKapija, 08.08.2018)
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