Insights, Deals and Cases

A new entry to Živković Samardžić’s track record in the Serbian banking sector: AIK Banka is the new owner of Eurobank Direktna

November 3, 2023

On November 2, 2023, following regulatory approvals, the shareholders of Eurobank Direktna completed the sale of their shares to AIK Banka.

Eurobank entered the Serbian market in 2003 as Eurobank EFG Serbia. After merging with Direktna Banka, it became Eurobank Direktna, the eighth largest bank in Serbia, with a 5.5% market share, €1.7 billion in loans, and €1.5 billion in deposits (as of September 2022).

The acquisition increases the combined market share of Eurobank Direktna and AIK Banka to over 13%, with over €4 billion in deposits and a strong capital base.

Živković Samardžić served as local legal counsel to Eurobank SA throughout the transaction, led by corporate/M&A partners Branislav Živković and Sava Pavlović, supported by Uroš Đorđević, Ilija Milosavljević, and Ana Grebo.

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