February 26, 2020 / 7:36 PM / in a month

Slovenia bank NLB to buy Serbia's Komercijalna Banka

LJUBLJANA (Reuters) - Slovenia’s largest bank NLB (NLBR.LJ) signed a contract on Wednesday to buy 83.23% of Serbia’s Komercijalna Banka KMBN.BEL for 387 million euros ($420.59 million), NLB said in a statement.

It said the transaction is expected to be completed in the last quarter of 2020 and depends upon approvals of the European Central Bank, and the central banks of Slovenia and Serbia.

Reporting By Marja Novak; Editing by Chris Reese

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