Sitemap

OTP Bank Buys Vojvođanska Banka

Will Chinese President Xi Jinping Extend 10-year Rule

According to experts, Xi Jinping will very...

US Senate Votes To Support Sweden And Finland Joining NATO

Finland and Sweden are backed by the...

The Emir Of Qatar Invites The President Of Serbia To The World Cup

The Ambassador of Qatar in Belgrade, H.E....

Price Of Gold Soars Above 1,800 Dollars

The price of gold soared in trading...

‘Zoe’ Becomes the World’s First Named Heat Wave

The heat wave that hit the southern part of Spain last week is the first in history to get...

Liz Truss Leads Race To Become Next UK Prime Minister

British Foreign Minister Liz Truss maintaines her lead over former finance minister Rishi Sunak in the race for the...

Construction Of New Balkan Energy Route Underway

Europe is investing 240 billion euros in the electricity transmission network, with plans to build a new network towards...

Schroeder: Russia Wants Negotiated Solution To Ukraine War

Russia wants negotiations to end the war in Ukraine, and last month's grain delivery agreement could be a step...

South Africa’s National Anthem: What Are The Lyrics And Why Are There Two Separate Songs?

South Africa’s national anthem is a musical diamond, being the only neo-modal national anthem in the world. But what...

Hungary’s OTP Bank bought Vojvođanska Banka, as well as NGB Leasing and the National Bank of Greece’s corporate loan portfolio in Serbia. This is one of the biggest recent banking transactions in the region and it was closed beginning of last month Belgrade.

Karanović & Nikolić, in cooperation with the global law firm Weil, Gotshal & Manges LLP, advised the buyer – OTP Bank, one of the leading banks in Central and Eastern Europe, throughout all of the stages of the acquisition process.

This is OTP Bank’s third successful acquisition in this year, after acquisitions in neighbouring Croatia and Romania. After the realization of the financial part of the transaction, the company’s presence in Serbia is further solidified, in line with their strategic goal of increasing their market share in the countries in which OTP operates. Hungary’s OTP Bank now has a 5.7% market share in Serbia and is the seventh biggest bank in the country.

Related Articles

OTP Group Expands With Purchase Of Alpha Bank Albania

OTP Group announced the completion of the procedure for the purchase of Alpha Bank Albania. With this successful transaction closing, the Albanian operation of...

Serbia Buys Gas From Two Hungarian Companies

Minister of Finance Siniša Mali said that Serbia purchased gas from two Hungarian companies that is "stored in that country for our needs", and...

Serbia And Hungary Sign Agreement On Border Control

The Agreement between the governments of Serbia and Hungary regulating border control in road, rail and water transport was signed in Subotica by Minister...

H.E. Attila Pintér, Ambassador Of Hungary To Serbia

No Stability Without Serbia

I think there is no alternative to full EU membership for Serbia and the Western Balkans. I think we should present the same terms...

Predrag Mihajlović, Executive Board President And CEO At OTP Banka Srbija

High-end, Trustworthy And Reliable

We create value through our distinctive approach, which places the client at the centre of everything we do at OTP banka. Whether providing capital...

Hungary Declares State Of Emergency

The government is declaring a state of emergency in view of the armed conflict in a neighbouring country, starting from midnight on Tuesday, Prime...

French-Serbian Chamber Of Commerce Hosts Gala Evening

Last night, the French-Serbian Chamber of Commerce held a traditional #Gala evening for its member companies, partners and friends of the Chamber. This year's...

Iva Terzic, OTP Banka Srbija

The Importance Of Lifelong Learning And Development In Today’s Business Environment

Learning is a process that continues from the very moment of a person’s birth. It is for this reason that many view this process...