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Serbo Journal

National Bank of Greece buys Serbia's Vojvodjanska Banka

BELGRADE, Serbia-National Bank of Greece SA on Tuesday bought Serbia's Vojvodjanska Banka for 385 million Euros($489.5 million), the official Tanjug news agency reported.

Serbia's Finance Minister Mladjan Dinkic, who signed the deal with the Greek bank, said that the sale wraps up the reform of the republic's banking system following privatization of other state-owned banks.

Vojvodjanska Banka is one of Serbia's largest banks. Media reports said that the Greek bank was the only bidder that agreed to buy 99.4 percent of the Vojvodjanska Banka capital, as was requested by the authorities.

This entry was posted by rodoyf, on Tuesday, September 12, 2006. You can leave your response.