NLB Bids for Majority Stake in Montenegro Bank

Ljubljana, 25 February - Slovenia's largest bank made a binding bid for a 91.5 percent stake in a Montenegrin bank on Monday. The bid for Montenegrobanka is expected to be examined as early as this week by Montenegro's commission overseeubg the bank's privatisation and the privatisation council. NLB, which refused to say anything about the offered price, expects to receive a reply in early March.