NLB Komercijalna banka (full legal name: ''NLB Komercijalna banka a.d. Beograd,'' ) is a bank founded in 1970 with headquarters in Belgrade, Serbia. It is owned by Slovenian NLB Group.

History

The bank was founded on 1 December 1970 in Belgrade, SFR Yugoslavia. On 6 May 1992, it was transformed into joint-stock company, with Government of Serbia being its majority owner. In November 2002, Komercijalna banka established Komercijalna banka Budva, operating in

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. The bank also had a subsidiary in

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ...

, Komercijalna banka a.d. with headquarters in

Banja Luka Banja Luka ( sr-Cyrl, Бања Лука, ) or Banjaluka ( sr-Cyrl, Бањалука, ) is the second largest city in Bosnia and Herzegovina and the largest city of Republika Srpska. Banja Luka is also the ''de facto'' capital of this entity. I ...

. As of December 2014, two of the bank's biggest stakeholders were the Government of Serbia with 42.6% and European Bank for Reconstruction and Development with 25% of shares. In March 2015, the bank's management announced that Government of Serbia plans to sell its stake in the bank in the second half of 2017. However, the auction was postponed several times. In June 2019, the Government of Serbia increased its stake in ownership by acquiring 6.8% of shares from DEG and Swedfund International for 43.7 million euros. In November 2019, the Government of Serbia acquired 34.58% of shares from

EBRD The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially foc ...

and

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of ...

for 217 million euros, increasing its stake in the bank to 83.23% of shares. On 26 February 2020, the Government of Serbia signed a purchase agreement worth 387.02 million euros with the Slovenian NLB Group for 83.23% of shares in the bank. As of 30 September 2021, NLB Group owns 88.28% of shares in the bank. As of 30 December 2020, through the privatization process, Komercijalna banka became part of NLB (Nova Ljubljanska banka) Group. On 29 April 2022, Komercijalna banka and NLB Banka a.d. were fully integrated, with Komercijalna banka changing its name to NLB Komercijalna banka.

Market and financial data

According to the 2021 audited consolidated annual financial report, the company has 2,745 employees and posted an annual net income of €23.60 million. As of 29 April 2022, NLB Komercijalna Banka has a market capitalization of

€ The euro sign () is the currency sign used for the euro, the official currency of the eurozone and unilaterally adopted by Kosovo and Montenegro. The design was presented to the public by the European Commission on 12 December 1996. It consists ...

628.83 million.

References

External links

* 1970 establishments in Serbia Banks established in 1970 Banks of Serbia Companies based in Belgrade Serbian brands {{Serbia-company-stub

History

Market and financial data

See also

References

External links