AiKBank Becomes Third Largest in Serbia After Merger
Deal News | Apr 23, 2025 | CEE Legal Matters
AP Legal has played a pivotal role in advising both AiKBank Beograd and Eurobank Direktna on their merger. This strategic move has positioned AiK Bank Beograd as the third largest bank in Serbia based on total assets, enhancing its market prominence. The legal support extended by AP Legal also involved guiding AiKBank Beograd through the licensing process for investment services from the Securities Commission of the Republic of Serbia, in accordance with the Law on Capital Markets. The merger not only reshapes the competitive landscape of the Serbian banking sector but also underscores the significant legal efforts required to navigate such complex transactions. The AP Legal team, led by Managing Partner Aleksandar Preradovic, alongside Attorneys Aleksandra Jovic, Jovan Cirkovic, and Dusan Preradovic, was instrumental in achieving this successful merger.
Sectors
- Banking
- Legal Services
Geography
- Serbia – The merger involves two banks in Serbia and impacts the Serbian banking market.
Industry
- Banking – The article discusses the merger of two banks, AiKBank Beograd and Eurobank Direktna, as well as the impact on the Serbian banking market.
- Legal Services – AP Legal provided legal advisory services for the merger and the acquisition of an investment services license.
Financials
- Not Disclosed – The article does not disclose any financial details specific to the merger, such as deal price or valuation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AiKBank Beograd | Target | Companies | AiKBank Beograd is a Serbian bank involved in a merger with Eurobank Direktna to become the third largest bank in Serbia. |
| Eurobank Direktna | Target | Companies | Eurobank Direktna is a Serbian bank that merged with AiKBank Beograd. |
| AP Legal | Legal Advisor | Companies | AP Legal is a law firm that advised both AiKBank Beograd and Eurobank Direktna on their merger as well as on obtaining an investment services license. |
| Aleksandar Preradovic | Managing Partner | People | Aleksandar Preradovic is the Managing Partner at AP Legal who led the legal advisory team for the merger. |
| Aleksandra Jovic | Attorney at Law | People | Aleksandra Jovic is an Attorney at AP Legal, involved in the merger process. |
| Jovan Cirkovic | Attorney at Law | People | Jovan Cirkovic is an Attorney at AP Legal, involved in the merger process. |
| Dusan Preradovic | Attorney at Law | People | Dusan Preradovic is an Attorney at AP Legal, involved in the merger process. |
| Securities Commission of the Republic of Serbia | Government | Government | The governmental body that provided AiKBank Beograd with an investment services license. |