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Nova Kreditna Banka Maribor d.d. announces signing of the Sale and Purchase Agreement of Abanka d.d. | NKBM

Nova Kreditna Banka Maribor d.d. announces signing of the Sale and Purchase Agreement of Abanka d.d.

Nova Kreditna Banka Maribor d.d. announces signing of the Sale and Purchase Agreement of Abanka d.d.

20 June 2019
OBVESTILA
Nova Kreditna Banka Maribor d.d. (Nova KBM) signed a sale and purchase agreement for the acquisition of 100% shares of Abanka d.d. (Abanka) with the Slovenian Sovereign Holding (SSH). The transaction is expected to close before the end of the year, subject to receiving all mandatory authorisations and approvals from the relevant authorities. NKBM has been selected as the buyer after submitting the best offer for 100% of shares of Abanka in a competitive sales process managed by the SSH.
 

The combined bank will have improved access to customers in all segments nationwide and will support the competitiveness of the Slovenian banking sector. At today’s signing, President of the Management Board John Denhof emphasized the advantages for both banks and their customers: “We are pleased to have successfully signed the Abanka purchase agreement. This historic moment is an incredible opportunity for us and for Abanka to create a stronger combined bank, which is positive for the Slovenian economy. With the acquisition of Abanka, we are making great progress towards realizing our strategy, which is based, among others, on objective such as growth, profitability and client excellence. We look forward to the successful cooperation with the Abanka management team, its employees and the regulators to close the transaction as soon as possible and realise the potential.”

Abanka is Slovenia's third largest bank by total assets, providing an integrated and comprehensive range of financial services – from traditional retail and corporate banking products to bancassurance and private banking.

Nova KBM prides itself on the longest banking tradition in Slovenia, dating back to the second half of the 19th century. Since 2016, it has been owned by Apollo Global Management, LLC and the EBRD. Under their ownership, the bank’s management successfully merged PBS and KBS in 2016 and 2017. In addition to Nova KBM as the parent company, Summit Leasing Slovenija, one of the leading leasing companies in Slovenia, is also a part of the Nova KBM Group.

Nova KBM’s vision to become the “Best Bank in 2020” is being implemented on five strategic pillars: Growth and Profitability, Effective Risk Management and Compliance, Client Excellence, Organizational Culture & Staff Development, and Operational Efficiency.

The Bank has continuously proven its corporate social responsibility by investing in the national and local environment, sports, culture and environmental projects.