BNP Paribas in Bulgaria News & Press
July 25, 2005 - ,

The Republic of Serbia sells a stake in Continental Banka: BNP Paribas completes the deal

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The Republic of Serbia signed an agreement to sell a 99% stake in Vojvodina’s Continental Banka to Nova Ljubljanska Banka (NLB Group – Slovenia). The transaction is subject to regulatory approvals.

By adding Continental Banka to the network consisting of LHB Banka Belgrade and the rapidly growing LB Leasing Belgrade and Prvi Faktor Belgrade, the NLB Group plans to complete the range of its products and services offered to retail and corporate clients.

This transaction is the second privatisation in the banking sector in Serbia, following that of Jubanka, which was also executed by BNP Paribas Corporate Finance.