At this early stage, this procedure does not imply a definitive intention to merge and is not legally binding in any capacity, Komercijalna Banka said in a filing with the
The purpose is to express an initial interest within the context of gathering information, which may inform a potential future intention to merge. The actual due diligence process will commence following the approval of both banks' final accounts for 2023 during their 2024 meetings.
Stopanska Banka confirmed the information by issuing similar statement.
In the event of the merger, the total number of banks in the country will decrease to 12, with nine of them being primarily under foreign ownership.
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