Eurobank and Direktna Banka to Merge – Combined Bank to Have Assets Exceeding EUR 2 Billion

Eurobank and Direktna Banka have announced the agreement on the merger of their operations in Serbia, says the official press release by Eurobank.

Following the merger, the combined bank will have total assets in excess of EUR 2 billion and the market share exceeding 6.5%, making it the seventh largest in Serbia.

After the completion of the transaction, Eurobank will control around 70% of the combined bank, while Direktna’s shareholders will own the remaining 30%. Both parties have committed to a growth-oriented business plan, incorporating ambitious expansion targets that will allow the combined bank to finance the Serbian economy and grow profitably in the next few years.

Formal completion of the transaction is subject to customary approvals by the competent regulatory and supervisory authorities and is expected to take place during the last quarter of 2021.

Eurobank Direktna a.d. Beograd

Eurobank Direktna a.d. Beograd

Eurobank

Direktna banka

agreement on merger

agreement on merger of Eurobank and Direktna banka