Vojvodjanska Banka to be sold

During 2017, five banks in Serbia have been sold or their takeover is in progress. Soon, Vojvodjanska Banka, owned by the National Bank of Greece, could change the owner as well, daily Blic reports.

According to the Blic, three banks are interested in purchasing it – two of which are local and owned by a famous businessman, while the third bank’s parent company is in one of the neighboring countries.

– After Alpha Bank, this is the second of four Greek banks in Serbia which are under hammer. The formal procedure has not yet started and the whole process will not take long. However, the sale of Vojvodjanska Banka is certain and there is already a lot of interest in it – Blic’s source from one of the leading banks in our market, says.

According to him, three serious banks have shown interest in taking over Vojvodjanska.

– One of two local banks has already made a financial offer, but one foreign bank did it as well immediately after, as it is obviously very keen to take over Vojvodjanska Banka because their offer is far better – the source of Blic reveals.

Although the daily did ask all four banks to comment, only one did so and confirmed that it “plans to boost its market share in Southeast Europe”. They say that “for several years they have been working on the acquisition of one or more banks in Serbia.” However, they did not want to reveal which banks were involved, explaining they would do so “at the very moment when everything is confirmed”, the Blic reports.

This year is obviously very turbulent for the banking sector in Serbia. The takeovers began at the end of last year, and continued in the first half of this year.

(eKapija, 12.06.2017)



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