OTP Banks’ Merger Officially Completed in Slovenia

As of this Thursday, Nova KBM and SKB banka successfully completed the legal merger. With the merger of the two banks, a new banking group has been created in Slovenia - OTP Skupina Slovenija, which complements banking services with leasing and factoring services of the subsidiaries SKB Leasing, SKB Leasing Select and Aleja finance, the banking group has announced.

The operational merger process follows, which includes merging the best banking products, services and digital banking channels. The technical migration and transfer of the bank accounts of SKB banka's clients to the OTP banka's information system is scheduled between August 30 and September 2, 2024.

With the legal merger of Nova KBM d.d. and SKB banka d.d. Ljubljana, all obligations and rights of SKB banka were taken over by Nova KBM d.d. as its universal legal successor. As expected, starting, tomorrow, the new bank will be called OTP banka d. d., and the legal headquarters of the new bank will be at Slovenska cesta 58 in Ljubljana.

Avcording to the statement, OTP banka wants to maintain the largest market share of loans and deposits in Slovenia and will be the second largest foreign branch of the international OTP Group (outside Hungary), which is one of the largest and fastest growing banking groups in Central and Eastern Europe.

With around 2,500 employees and with their broad knowledge and commitment, the OTP Group Slovenia will provide superior financial services, build solid relationships with clients and contribute to the growth and development of the Slovenian economy.

After the completion of the operational merger, as of 2 September 2024 onwards, clients of the merged bank will be able to carry out services in the most accessible bank with more than 900 banking points, through the best-rated digital bank in Slovenia, and have access to a wide range of excellent banking products and services for the retail segment, small and medium-sized companies and corporate users.