April 24 (SeeNews) - Serbia's government plans to sign an agreement for the sale of its 28.51% shareholding interest in Jubmes Banka [BEL:JMBN] next month, finance minister Sinisa Mali said on Wednesday.
The government has received a single offer of about 5 million euro ($5.6 million) for its stake in the bank, Mali said in a video file published on the website of Tanjug news agency.
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"The transaction will be carried out shortly after May 1," Mali said without naming the potential buyer.
In December, the finance ministry invited binding bids for the government's shareholding interest in Jubmes Banka. The deadline for submitting binding expired on April 9.
The Serbian government plans to sell 82,225 ordinary shares of Jubmes Banka.
In July, the government said it plans to sell the state-owned stake in Jubmes Banka as part of the implementation of its agenda of reform of financial institutions.
Jubmes Banka recorded a net profit of 430.1 million dinars ($4.1 million/3.6 million euro) in the first nine months of 2018, up from 59.1 million dinars in the like period of the previous year, according to data from the interim balance sheet of Jubmes Banka posted on the website of Serbia's central bank.
($ = 0.891582 euro)