An important milestone has been reached in the merger process of SKB Bank and Nova KBM. In recent days, the European Central Bank and the Bank of Slovenia have issued approvals for the merger of banks into one legal entity. The legal merger of the banks is scheduled for 22 August 2024, and the following day the merged bank will be renamed OTP banka d. d.
The merger process of SKB Bank and Nova KBM has been going on since last February, when the OTP Group bought Nova KBM. Before that, it entered the Slovenian market at the end of 2019 with the purchase of SKB Bank. The goal of their integration is to create a leading financial institution in the country, which will provide high-quality banking services and products with even greater added value, both in the retail and in the corporate segment.
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