NLB — M&A Activity 2022

May 3, 2022

Category: Inside information

Published on: SEOnet

Published at:  29.04.2022 15:00

Published document ID: INI-264/22

INI-257/22

NLB, d. d., Ljubljana

The process of legal merger of NLB Banka a.d., Beograd and Komercijalna Banka a.d., Beograd successfully completed

Pursuant to the provisions of the Rules of the Stock Exchange, Article 17 of the Regulation (EU) No. 596/2014, and Article 130 of the Market in Financial Instruments Act (ZTFI-1), Nova Ljubljanska banka, d.d., Ljubljana with registered office at Trg republike 2, 1000 Ljubljana, hereby publishes the following notice:

After obtaining all regulatory licenses, as well as by registering the merger with the Business Registers Agency, the integration process of Komercijalna Banka a.d., Belgrade and NLB Banka a.d., Belgrade, was successfully completed. From 30 April 2022, the bank will operate under the new name NLB Komercijalna banka a.d., Belgrade.

Based on the merger of NLB Banka a.d., Belgrade to Komercijalna Banka a.d., Belgrade as the acquirer, NLB Komercijalna Banka a.d., Belgrade is its universal legal successor.

"This is the first of the last steps in this long and demanding process of merging NLB Banka Beograd and Komercijalna Banka Beograd into NLB Komercijalna Banka. During the upcoming extended holiday weekend, the process of operational merger will take place, for which the team has been thoroughly preparing,” explained NLB’s CEO Blaž Brodnjak. "The new NLB Komercijalna banka will remain committed to its strategic goal – strengthening its service and market leadership position in Serbia, while the NLB Group will remain committed to maintaining its leadership position through the region. Banks in the NLB Group will successfully grow and increase market shares organically, however, we are closely monitoring developments in our home region, South-eastern Europe, and would not shy away from analysing and addressing eventual value accretive opportunities also for the M&A-based growth. NLB has the capacity to buy banks and/or portfolios in any of our existing, as well as other markets in the region, thus becoming a true regional champion. The best for the NLB Group is yet to come,” he emphasized.  

This announcement will be available on the NLB's website (www.nlb.si) as of 29 April 2022 for a period of at least 5 years.

Investor Relations

NLB d.d., Ljubljana

Date: 03.05.2022