The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Balkan bank privatizations: the never-ending story

You wait years for a Balkan bank privatization and then three come along at once.


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. 

The listing of NLB, for example, comes just 16 months after a previous attempt was cancelled when the Slovenian government refused to approve the price range.

The bank itself is in better shape this time.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree