Tue, Jan
82 New Articles

K&N and Zivkovic Samardzic Advise on Societe Generale Srbija's Acquisition of Part of Jubanka's Credit Portfolio

K&N and Zivkovic Samardzic Advise on Societe Generale Srbija's Acquisition of Part of Jubanka's Credit Portfolio


Karanovic & Nikolic has advised Societe Generale Srbija on its acquisition of a part of Jubanka AD Beograd's credit portfolio, including housing and cash credits, credit cards, and credits for small and medium-sized enterprises. Zivkovic Samardzic advised Jubanka on the deal, which makes Societe Generale Srbija the third largest bank in Serbia in terms of credit volume.

Societe Generale Srbija, a wholly owned subsidiary of the French-based Societe Generale bank — one of the largest banking groups in Europe — is the oldest foreign bank in Serbia, having established its Belgrade office in 1977. This transaction is Societe Generale Srbija's second acquisition, following its 2013 acquisition of KBC Bank's client portfolio.

Zivkovic Samardzic describes the transaction as "one of the biggest in the market in last few years," and notes that it "follows the acquisition of Alpha Bank Srbija A.D. by one of the leading commercial banks in Serbia, AIK Banka AD, earlier this year." As reported by CEE Legal Matters on March 7, 2017, Zivkovic Samardzic advised AIK Banka on that acquisition, as well.

According to Karanovic & Nikolic, Societe Generale Srbija has stated that it will contact Jubanka's clients and offer them "all the necessary help and support in order to provide them with the highest quality of service."

The Karanovic & Nikolic team consisted of Senior Partner Darko Jovanovic, Senior Associate Ivan Nonkovic, and Trainee Marko Culafic. 

The Zivkovic Samardzic team was led by Partner Branislav Zivkovic and included Partner Uros Dordevic and Senior Associate Sava Pavlovic.


Serbia Knowledge Partner

Who we are

Karanovic & Partners is a regional legal practice in Southeast Europe with tradition spanning two decades and cooperating offices in Serbia, Croatia, Slovenia, Montenegro, Macedonia and Bosnia & Herzegovina. With more than 100 attorneys at law cooperating across the region, we take pride in our work, dedication and understanding of our clients' industries and needs.

What we do

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, startups and NGOs. We see our clients as long-term partners.

We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

What sets us apart?

In our company culture, excellence is a must. We are reliable, adaptive and fast.

Karanovic & Partners operates under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

All News about, and Legal Analysis by, Karanovic & Partners can be found here.

Firm's website: https://www.karanovicpartners.com/


Our Latest Issue