State sells its share in Jubmes Banka to Alta Pay Group at the stock exchange

The Republic of Serbia officially has no stake in Jubmes Banka as of today, May 9, 2019, as the transaction whereby the state's shares were transferred to the buyer was realized at the Belgrade Stock Exchange today.

As the Ministry of Finance announced, two offers were sent during the tendering procedure for the sale of Jubmes Banka Beograd, one of which met all the requirements, the offer made by ALTA PAY GROUP d.o.o.

The offered price is RSD 7,207 per share, for 82,225 regular shares (28.51% of the capital), amounting to RSD 592,595,575, or EUR 5,023,754.71 as per the National Bank of Serbia's middle exchange rate on the date of the submission of the bid.

The share capital offered consisted of regular shares owned by the Republic of Serbia and the shares of the banks in bankruptcy where the Deposit Insurance Agency is the bankruptcy supervisor.

The total assets of Jubmes Banka amount to around EUR 120 million, and its share in the total assets of the banking sector of Serbia, according to NBS data, amounts to 0.42%. The bank has two branches.

Alta banka ad Beograd

Ministarstvo finansija Republike Srbije

Agencija za osiguranje depozita Beograd

Narodna banka Srbije Beograd

ALTA PAY GROUP DOO BEOGRAD

Jubmes banka

Alta Pay Group doo

Ministry of Finance

Deposit Insurance Agency

National Bank of Serbia

sale of state shares of Jubmes Banka