OTP submits bid for Serbian bank
Yesterday, OTP Bank Rt confirmed that it had submitted a letter of intent on
the purchase of 88% of the state-owned Jubanka, Serbia's fifth largest bank. The
Serbian authorities will use a prequalification procedure to short-list bidders.
Ten bidders submitted letters of intent to the privatization adviser BNP Paribas
by the June 19 deadline, National Bank of Serbia governor Radovan Jelasity said.
(Econews; NG 11, Nv 5)
