The Slovenia Times

NKBM completes acquisition of Summit Leasing


The bank said on Monday that the takeover was a key stepping stone on the path towards becoming the leading universal bank in the country.

Summit Leasing will be an independent unit in the NKBM group. The existing management and all employees will stay on.

It will now have access to fresh capital, which NKBM said would improve its development prospects.

Summit Leasing director Mitja Otorepec said the bank's broad distribution network would facilitate cross-selling of services, which would drive future growth.

Summit Leasing Slovenija was acquired in March by Biser Bidco, a company established by US private equity fund Apollo and the EBRD for the acquisition of NKBM.


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