.
.
.
.
News/ OTP Bank Buys Vojvođanska Banka
---
04/12/2017
---

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 on Friday, the 1st of December in 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.

The Karanović & Nikolić team included Darko Jovanović, Ivan Nonković and Mina Srećković. The services performed were the due diligence of Vojvođanska Banka and its affiliates, advising on the transaction documents from the local law perspective, obtaining of regulatory approvals, as well as working on the closing documents and the facilitation of the closing.

This is OTP Bank's third successful acquisition in this year, after acquisitions in neighboring 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 People

Related News

News

Amendments to the Serbian Law on Payment Services

14/09/2018
News

Zijin Mining takes over RTB Bor for USD 1.46 billion

31/08/2018
News

Novelties to the Croatian Capital Markets Regulation

25/07/2018
News

The Law on Financial Collaterals – Two Steps Forward, One Step Back

20/06/2018
News

Serbia Adopts the Law on Ultimate Beneficial Owners Central Registry

19/06/2018
News

PPF Group Acquiring Telenor Banka

18/06/2018

Related Views

Views

Reshaping the Financial Landscape

05/06/2018
Views

The Buzz in Serbia: CEE Legal Matters Interview with Darko Jovanović

24/08/2017
Views

Serbia Gets A Grip On Non Performing Loans

18/07/2016
Views

Slovenia Amends its Insolvency Act

25/04/2016
Views

Feeling Energised – Supporting Sustainable Energy in the Region

25/04/2016
Views

New Law on Consensual Financial Restructuring

19/11/2015