The Slovenia Times

Serbia's AIK banka enters ownership of Gorenjska banka


Gorenjska banka said today on its website that the planned capital injection was successful, with all 56,522 new shares being purchased at EUR 230 per share.

Only the existing shareholders were allowed to participate in the first round, with five investors purchasing a total of 4.7% of new shares.

In the second round, small investors purchased a total of 85 shares, which represent 0.2% of all shares that passed the first round.

Serbian AIK banka, owned by MK Group of Serbian businessman Miodrag Kostić, purchased 53,768 new shares in the total amount of EUR 12.37m, which is 99.8% of all shares available in the second round, the bank said.

The Serbian bank will have the biggest say at Gorenjska banka shareholder meetings as its biggest owner, financial holding Sava, has been stripped of its voting rights.

According to the daily Dnevnik, only insurance company Zavarovalnica Triglav has kept its stake at the level from before the capital injection (4.1%).

Sava's stake dropped to less than 37.6%, while the state-owned Bank Asset Management Company now holds a 3.8% stake.

AIK banka was established in 1976, and has been operating as a universal commercial bank since 1993. It holds a 5.9% market share in Serbia, which puts it in sixth place among 29 active banks in the country.


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