Regional giants benefit from banking sector consolidation in Serbia and Montenegro

banking sector , Montenegro , Serbia

Hungarian OTP and Slovenian NLB strengthen their position in both Serbia and Montenegro as the banking sector continues to consolidate in both countries, raising barriers to entry for new players The banking sectors of Serbia and Montenegro are both undergoing major changes. There is a clear trend of consolidation, largely to the benefit of two major entities: Hungary’s OTP Group (OTP) and Slovenia’s Nova Ljubljanska Banka (NLB), which is owned by the US-based Bank of New York Mellon. In February Serbia saw a landmark privatization, with the state selling major bank Komercijalna Banka Beograd (KBB) to NLB. It is likely