Banking


INITIAL PUBLIC OFFERING OF NOVA LJUBLJANSKA BANKA D.D., SLOVENIA

January 17, 2017

The Slovenian Sovereign Holding ("SSH") has announced the privatisation of the Bank Nova Ljubljanska Banka d.d. ("NLB") by the initial public offering ("IPO") method. NLB is the largest banking and financial group in Slovenia and the largest banking and financial group in SE Europe with an exclusive focus on these markets.

The activities regarding the IPO are running according to the predetermined strategy and the sale is intended to be concluded by the end of 2017. (http://www.sdh.si/en-us/Novica/1382)

PROVIDING LEGAL ASSISTANCE TO IFC FOR THE HEALTHCARE PPP PROJECTS IN ALBANIA FUNDED BY THE WORLD BANK GROUP, IFC

January 16, 2017

The Government of Albania is developing an ambitious program to improve the health care system performance, as well as the quality of care and the financial protection of households against high out-of pocket payments.

Ministry of Health of Albania (MoH) is aiming at improving its laboratory services through private sector participation. As its request, IFC, a member of the World Bank Group, is advising MoH to develop this health project as a Public Private Partnership (PPP). The objective of this project is to improve public laboratory services in Albania by attracting one or several PPP partners to structure and operate one or several networks of public labs, to invest in lab infrastructure and IT, introduce a quality management system, proposing prices in line with regional comparators.

Contract (Project) Value

Calculated in accordance with the financial support forecasted during the term of the agreement 13,005,966,000 ALL (thirteen billion five million nine hundred sixty six thousand) (without VAT).

16 September 2016 is the time line for submitting Letters of Interest for the acquisition of the Bulgarian CB Victoria EAD

Commercial Bank Victoria EAD, including the total exposure of the sole owner KTB AD (in bankruptcy as from 22 April 2015) to the Bank ("the Target"), offered in a sale procedure, announced that the time line for submitting Letters of Interest for the acquisition of 100% of the share capital of Commercial Bank Victoria EAD and the overall exposure of the sole owner to CB Victoria EAD has been extended until 16 September 2016.

The Target’s major characteristics as an investment opportunity include:

· full banking licence;

· Visa International membership licence;

· reorganisation completed in 2015 (branch network and personnel);

· opportunity for penetrating niche market segments;

· experienced team;

· operational and IT infrastructural capacity to perform its activities; and

· conservatively provisioned loan portfolio.

AFA OOD acts as a consultant for the Sale by virtue of an Agreement with the Assignees in Bankruptcy of the sole owner of CB Victoria EAD – Corporate Commercial Bank AD – in bankruptcy. For more information, please read the Teaser Letter available at: http://www.tbvictoria.bg/upload/Teaser_letter 30.06.2016 ENG.pdf.

This is the third attempt of the Seller to sell the Target. There was an interest declared by three bidders in the spring but the deadline was extended until after the checks and stress test of the banking system, conducted by the Bulgarian National Bank, in the hope that there will be more clarity and an increased interest from the investors after the announcement of the results.

The invitation to prospective buyers, interested in the investment opportunity, is to submit their Letters of Interest by 16 September 2016, 14:00h local time (13:00h Central European time) to the attention of: Valia Iordanova, Senior Partner, AFA OOD at 38, Oborishte Str., 1504 Sofia, Tel.: (+359) 2 943 37 00, E-mail: Valia.Iordanova@afa.bg.

IPO of Borsa Istanbul

Borsa Istanbul Anonim Şirketi (“Borsa Istanbul”) has announced the intention to launch an Initial Public Offering (“IPO”) for the sale of shares of up to 42.75% of its share capital, which is currently owned by the Undersecretariat of Treasury (“Treasury”), the sole exchange entity of Turkey. Borsa Istanbul was established for the purpose of serving as a securities exchange and to bring together all the exchanges operating in the Turkish capital markets under a single roof.

The price of the IPO and the total enterprise value of Borsa Istanbul, which are to be determined throughout the IPO process, will be approved by the Council of Ministers prior to the IPO. The Treasury has announced that the deadline for the IPO, which was previously set as 31 December 2015, was extended to 31 December 2016 with the approval of the relevant authority.

Alpe – Adria Poslovodstvo d.o.o. Announced the Sale of a Non-performing Loan

Alpe – Adria Poslovodstvo d.o.o. (AAP), a HETA ASSET RESOLUTION Croatia company (HETAHR), having its seat at the address Slavonska avenija 6a, 10 000 Zagreb, has announced the sale of a non-performing loan of a certain borrower with a total exposure of app. EUR 73,1 Mio as of August 10, 2016.

Teaser/Informative Memorandum is available already on https://www.aaaplatform.com/en/assets/sale-non-performing-loan-alpe-adria-poslovodstvo-doo.

The AAP claims are secured with the main mortgage on a mixed use real estate properties (retail, garage, offices, residential) on a prime location in Zagreb City Centre, as well as mortgages on other real estate properties in other locations in Croatia. The AAP claims are also secured by other standard collaterals i.e. share pledges, bills of exchange and debentures.

The Transaction will be conducted in an open, non-discriminatory and transparent manner and is anticipated to commence as of September 2016.

Interested Parties are required to submit their written Expressions of Interest in English, titled “Expression of Interest for the Participation in the Transaction regarding the Non-Performing Claim" until September 7, 2016, electronically per e-mail (followed by a hard copy of the Expression of Interest promptly thereafter) to one of the contacts listed in the Teaser available at http://www.aaaplatform.com/.

Potential acquisition of the largest bank, several medium and small size banks in Republic of Macedonia

Banking business in Macedonia still offers opportunities. Local banks are liquid and offer loans, provided that the volume of financing is limited by their size and capital, which offers opportunities to finance larger deals. Several banks may be interested for a potential acquisition, including the largest in the country Komercijalna Banka, several medium (Stopanska Banka Bitola, TTK Bank) and small size banks (Eurostandard Bank, UNI Bank, Kapital Banka).

Sale of Komercijalna Banka in Serbia

Nomura is the sell-side advisor appointed by the Serbian Government, IFC and EBRD as major shareholders. The sale process is expected to start in the last quarter of 2016.

Privatisation of Nova Ljubljanska Banka d.d.

The privatisation of Nova Ljubljanska Banka d.d. (“NLB”) by IPO is expected to start in autumn 2016. NLB Group is the largest banking and financial group in Slovenia and the largest banking and financial group in SE Europe with an exclusive focus on these markets.

SEE LEGAL MEMBER KALO AND ASSOCIATES INFORMS ON EBRD ANNOUNCEMENT

EBRD has announced the invitation for expression of interest in Consultancy services in the Study on the legal framework for the enforcement of creditor claims in selected EBRD countries of operations.

This Project aims to analyze and assess the legal framework underpinning the enforcement of creditor claims in five jurisdictions where the European Bank for Reconstruction and Development operates: Albania, Croatia, Cyprus, Greece and Ukraine (the "Target Countries"). These countries are all partners or participants in the Vienna Initiative and are affected by high levels of non-performing loans (NPLs).

EBRD intends to engage a consulting company (the "Legal Consultant") to implement the Project.

The Project is expected to start by end of January 2016 and has an estimated overall duration of 18 months.

Cost Estimate for the Assignment:

EUR 140,000.00 (exclusive of VAT).

Funding Source: The Project will be funded by the EBRD Special Shareholder Fund.

EBRD has announced the invitation for expression of interest in Consultancy services in the Study on the legal framework for the enforcement of creditor claims in selected EBRD countries of operations

This Project aims to analyze and assess the legal framework underpinning the enforcement of creditor claims in five jurisdictions where the European Bank for Reconstruction and Development operates: Albania, Croatia, Cyprus, Greece and Ukraine (the "Target Countries"). These countries are all partners or participants in the Vienna Initiative and are affected by high levels of non-performing loans (NPLs).

EBRD intends to engage a consulting company (the "Legal Consultant") to implement the Project.

The Project is expected to start by end of January 2016 and has an estimated overall duration of 18 months.

Cost Estimate for the Assignment:

EUR 140,000.00 (exclusive of VAT).

Funding Source: The Project will be funded by the EBRD Special Shareholder Fund.

SALE OF MAJORITY SHARE IN GORENJSKA BANKA D.D.

A consortium of shareholders commenced activities, which aim to result in the sale of a consolidated majority stake (which exceeds 50 %) of the Slovenian bank Gorenjska banka, d.d.

AthensBelgradeBucharestIstanbulLjubljanaPodgoricaPristinaSarajevoSkopjeSofijaTiranaZagreb