Merger of Eurobank and Direktna Banka finalises, no changes for clients

autor:

13. dec. 2021. 13:28

| News

Greece's Eurobank said on Monday it wrapped up the merger of its Serbia's unit with Direktna Banka, established in Serbia's central city of Kragujevac in 2016 and would be known under the new name – Eurobank Direktna.

The Eurobank Group is a financial organisation that operates in Greece, Cyprus, Luxembourg, Serbia, Bulgaria and UK.

According to Monday's statement, the bank now operates with total assets of more than two billion euros and capital of over 300 million euros, "thus occupying 6.4 percent of the credit market in Serbia."

There are currently 23 banks operating in Serbia.

The new bank's network includes 127 integrated branches in Serbia.

Clients will have access to all products and services as before. All contracts and other obligations will see no changes in realisation, the new bank has said in a statement.

The merger was announced in July. It was said the shareholders of Eurobank would control about 70 percent of the new bank's shares, while the shareholders of Direktna Banka would own the remaining 30 percent.