A company from Serbia gave up its intention to acquire ownership in Prva banka

The CBCG informed "Vijesta" that they have suspended the procedure for examining the fulfillment of the conditions for issuing approval for the acquisition of a qualified participation in the bank's capital

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First bank, Photo: Biljana Matijašević

Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Marija Mirjačić

14.12.2023. 09:37h

A company from Serbia that submitted a request to the Central Bank of Montenegro (CBCG) for the acquisition of a qualified participation of up to 50 percent in the capital of Prva Banka during the implementation of the procedure for examining the fulfillment of the prescribed conditions for issuing approval in mid-November, gave up this request.

This was officially told to "Vijesta" from CBCG.

"That is why the CBCG issued a decision suspending the procedure: there were no other requests for approval in connection with the intention to purchase the shares of this bank," said the CBCG.

Prva banka is controlled by Aco Đukanović, the brother of the current president of Montenegro, Milo Đukanović, and according to unofficial information recently published by "Vijesti", the owner of the company from Serbia, which gave up its intention to acquire ownership in Prva banka, is close to the ruling Serbian Progressive Party. (SNS) controlled by Serbian President Aleksandar Vučić.