On October 15, Slovenia launched an IPO of local market leader NLB, just four days after inviting expressions of interest for number three player Abanka. The same day, Serbia’s finance ministry advertised for an adviser to sell its stake in Komercijalna Banka, the country’s second-largest lender.
Exciting times for investors looking to tap into the growth markets of south-eastern Europe? Well, maybe.
Whether all or any of these sales will go through is an open question. Policymakers in both Slovenia and Serbia have long track records of failing to deliver on privatization promises, particularly when it comes to the banking sector.
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