Competition Protection Agency allows Abanka takeover | OTP banka

Competition protection agency allows Abanka takeover

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Competition Protection Agency allows Abanka takeover

5 December 2019
OBVESTILA
The Slovenian Competition Protection Agency (AVK) green-lighted the takeover of Abanka d.d. by Nova Kreditna Banka Maribor d.d. (Nova KBM).
 

Nova KBM signed contract for the purchase of shares of Abanka with the Slovenian Sovereign Holding (SDH) in June 2019. This week, Nova KBM received a clearance from AVK, allowing Nova KBM to proceed with the acquisition activities.

To conclude the transaction, further regulatory approvals are required. Until the transaction has been finalized, both entities will continue to operate as usualas independent legal entities.

Nova KBM continues to invest its efforts in being the most accessible bank in Slovenia, its footprint will remain strong and operations present across all of its regions.

John Denhof, president of the Management Board of Nova KBM, welcomed the AVK's decision, labelling it as an »incredible opportunity for Nova KBM and Abanka to create a stronger combined bank, which is positive for the Slovenia's economy.«

 
 
Sorodne vsebine
2 sep OBVESTILA The operational merger of the former SKB and Nova KBM was also successful: OTP banka clients now have the most accessible services in Slovenia Ljubljana, September 2, 2024 – Nova KBM d.d. and SKB d.d. have also successfully completed the operational process of unification. The balance sheet of the new merged bank OTP banka d.d. amounts to approximately 15 billion euros. One of the largest mergers in the banking sector in Slovenia brings a strong bank with solid foundations and a development-oriented strategy. With the successfully completed migration of information systems, the bank accounts of the former SKB banka's clients were successfully transferred to the OTP banka's information system. With more than 900 banking points, OTP banka is the most accessible bank in Slovenia in the future, and its clients can also access multiple award-winning online and mobile banking services. Important notice for OTP bank customers about the temporary unavailability of services and channels 28 aug OBVESTILA Important notice for OTP bank customers about the temporary unavailability of services and channels Ljubljana, August 28 – Nova KBM and SKB banka successfully completed the legal merger and renamed to OTP banka. Due to the unification of information systems, the transfer of bank accounts and other products of former SKB banka customers to the OTP banka system, some services and channels will be unavailable from Friday, August 30, 2024, from 12:00 p.m. until the morning of Monday, September 2, 2024. temporarily unavailable to customers. Nova KBM and SKB banka successfully merged. OTP banka is here. 22 aug OBVESTILA Nova KBM and SKB banka successfully merged. OTP banka is here. Ljubljana, 22 August – Today, Nova KBM and SKB banka successfully completed the legal merger. With the merger of the two banks, a new banking group has been created in Slovenia - OTP Skupina Slovenija, which complements banking services with leasing and factoring services of the subsidiaries SKB Leasing, SKB Leasing Select and Aleja finance. The operational merger process follows, which includes merging the best banking products, services and digital banking channels. The technical migration and transfer of the bank accounts of SKB banka's clients to the OTP banka's information system is scheduled between 30 August and 2 September 2024.
 
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