NBS: AIK Banka Beograd Becoming Owner of Sberbank Srbija as of Today

Agroindustrijska komercijalna banka AIK Banka a.d. Beograd concluded with the National Bank of Serbia yesterday an agreement on the acquisition of shares of Sberbank Srbija a.d. Beograd, based on which it will acquire 100% ownership of that bank.

With this change, Sberbank Srbija ceases to be a member of the banking group led by Sberbank Europe AG, Vienna, Austria, and becomes a member of a domestic banking group, the Central Bank of Serbia announced last night.

– In view of the newly emerged circumstances relating to the operation of the hitherto EU-based shareholder, the National Bank of Serbia first adopted a decision to initiate resolution procedure in respect of Sberbank Srbija, which enabled a direct sale of the bank’s shares by the central bank – the announcement says.

Blending expertise, technology and years-long experience, as well as broadening the scope of operations and combining business models will enable the two banks to offer even higher quality services to their clients. With this acquisition, AIK Banka increases its market share and becomes one of the largest banks in the country, it is added.

The shares of Sberbank Srbija a.d. Beograd will be transferred in the ownership of AIK Banka today before noon.

– The National Bank of Serbia underlines once again that Sberbank Srbija a.d. Beograd is a highly liquid and well capitalized bank, which neither has nor will have any difficulties in honoring its commitments and whose clients have no reason for concern. Following the sale transaction, the clients of Sberbank Srbija become a part of a strong local banking group – the NBS points out in the press release.

Narodna banka Srbije Beograd

AIK Banka a.d. Beograd

Naša AIK Banka a.d. Beograd

National Bank of Serbia NBS

AIK banka ad Beograd

Sberbanka Srbija ad Beograd

Sberbank Europe AG

acquisition

restructuring

ownership change

decision

transfer of shares