Majority shareholders in Bosnian commercial bank Nova Banka have agreed to sell the bank and have hired London-based Nomura International to advise on the procedure, media reports showed.
Poteza Adriatic Fund Amsterdam and other shareholders have agreed on the deal. Besides the fund, the International Finance Corporation has a 8.0 pct stake in the bank, Bosnian businessman Slobodar Radanovic has 5.4 pct, Prva Group has 5.1 pct, investment management company INC has 4.5 pct and Goran Avlijas has 4.5 pct.
No further details were available.
[Editor’s note: Nova Banka (www.novabanka.com) is based in Banja Luka and has 11 branches and 58 offices throughout the Serb Republic, which together with the Muslim-Croat Federation forms war-divided Bosnia. The bank has operated since 1992.
Bosnian media reported earlier that Nova Banka had a net profit of 5.3 mln Bosnian marka ($4.0 mln/2.8 mln euro) in 2007, up from 4.8 mln marka ($3.6 mln/2.5 mln euro) in the previous year.]
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