Q:
A:
Jubanka privatisation to bring in at least €112 million, central bank governor says
Belgrade,
8 June 2004
Jubanka’s capital has been estimated at between €112 million and €115 million, National bank of Serbia (NBS) Governor Radovan Jelasic told a press conference today, adding that the state expect to raise at least the same amount in sell-off revenues.
Noting that the state took over 88 percent of the bank’s capital after it swapped Jubanka’s debts to the London Club of commercial creditors and the Paris Club of sovereign creditors into state-held equity in 2003, Jelasic said that the bank is most likely to be privatised in three stages.
The first stage was launched on May 28 when the state invited bids for the 88 percent stake in the bank, the NBS Governor explained. Prospective buyers have until June 18 to submit their offers, Jelasic went on to say, adding that the second stage ends on June 19. The third stage will concern talks with preferred buyers.
Serbian Minister of Finance Mladjan Dinkic said that the bank sector privatisation will continue only after the state receives a favourable bid for Jubanka, adding that he expects a sell-off contract to be signed by the end of the year.
According to Dinkic, ten banks operating in Central and Eastern Europe have already expressed interest in acquiring Jubanka.
The first stage was launched on May 28 when the state invited bids for the 88 percent stake in the bank, the NBS Governor explained. Prospective buyers have until June 18 to submit their offers, Jelasic went on to say, adding that the second stage ends on June 19. The third stage will concern talks with preferred buyers.
Serbian Minister of Finance Mladjan Dinkic said that the bank sector privatisation will continue only after the state receives a favourable bid for Jubanka, adding that he expects a sell-off contract to be signed by the end of the year.
According to Dinkic, ten banks operating in Central and Eastern Europe have already expressed interest in acquiring Jubanka.
-
Obrenovac, 10 June 2025Trans-Balkan Corridor most important project for electricity transmission in region
-
Belgrade, 4 June 2025Improving business climate in agricultural, food sector
-
Belgrade, 3 June 2025First planning meeting ahead of Expo 2027 to be held 10-11 June in Belgrade
-
Belgrade, 3 June 2025Free Trade Agreement with UAE enters into force
-
Belgrade, 2 June 2025Capital infrastructure projects for further economic development of Serbia
-
Belgrade, 30 May 2025Draft proposal for minimum wage growth dynamics presented
-
Belgrade, 28 May 2025Talks launched with IMF under first review of ongoing non-financial arrangement
-
Belgrade, 22 May 2025Serbia joins Single Euro Payments Area
-
Belgrade, 16 May 2025Infrastructural connectivity with region, EU among priorities
