NLB is being assisted in the process by the Belgrade-based financial advisor PwC Consulting, which is available for any additional information to potential investors.

NLB and PwC reserve the right to demand additional information on a potential investor and their sources of financing a potential deal as well as the right to withdraw for the talks at any stage.

NLB sold most of its toxic claims to companies and individuals totalling EUR 396m and EUR 104m gross in 2016.

The bank said at the time that the rest of its problematic portfolio would be sold depending on the market situation.

In early 2014, the bank had transferred almost EUR 2.3bn in toxic claims to the bad bank.