Those interested in Privredna Banka must wait - Special assembly of shareholders postponed

Belgrade-based Privredna Banka has announced that the special assembly of shareholders of that financial institution, which was supposed to be held in written form between September 3 and 6, 2010, has been postponed due to lack of quorum. The agenda included appointment of chairman and members of the managing board of this banking institution and adoption of several protocol decisions related to that issue.

This banking institution still has no majority owner, while the biggest shareholder is the state with 19.4% of shares in its possession. Media have recently speculated that Russian Gazprom Bank is interested in Privredna Banka since the negotiations on takeover of Srpska Banka and Privredna Banka Pancevo have ended in a failure.

Srbijagas CEO Dusan Bajatovic confirmed for weekly magazine Nin that "intensive negotiations are underway, while the final decision should be made by the end of the year". Nin's unofficial sources from Privredna Banka have confirmed these information and added that Cypriot Marfin Bank is also interested in this banking institution.

Privredna Banka Beograd ended the first half of the year with the assets worth 32 billion dinars and 1.4% share of the domestic banking sector.