Bosnian lender Nova Banka acquired Sberbank Banja Luka, a local subsidiary of Austria-based Sberbank Europe, controlled by Russia’s Sberbank, according to the government of Bosnia’s Serb Republic. Details related to the transaction were not disclosed.
Sberbank Europe had another subsidiary in Bosnia, Sarajevo-based Sberbank BH, which was sold to local lender ASA Banka earlier this week. Russia’s top lender Sberbank has sold all its units across Southeast Europe this week.
