Saturday, 25th October 2025

Alta Banka Launches €23 Million Bid for Stopanska Banka Bitola

Serbian lender eyes majority control in North Macedonia’s banking sector 

Serbia’s Alta Banka has opened a takeover offer worth nearly €23 million for Stopanska Banka Bitola in North Macedonia, signalling one of the most notable cross-border banking moves in the Adria region this year. The Belgrade-based lender is offering 3,777 denars per share to acquire the 95% of shares it does not already own, bringing the total value of the bid to around 1.48 billion denars.

Alta Banka, which already controls a small stake in the Bitola-based bank, is looking to cement its presence in North Macedonia’s financial market.

The Securities and Exchange Commission has approved the bid, which requires acceptance by at least 70% of shareholders to go through. The offer is open until 10 October 2025.

If successful, the deal would deepen financial linkages between Serbia and North Macedonia, reflecting a broader trend of regional consolidation in banking. For North Macedonia, it also underscores the increasing role of Serbian capital in reshaping the country’s financial landscape. Analysts note that the takeover could sharpen competition while giving Alta Banka a stronger foothold in cross-border corporate lending.

Have a news tip or story to share? Email us at info@connectingregion.com

Photo sourceAlta Banka

Vučić Says Serbia Can Buy Russian Stake in NIS, but Moscow Prefers Third-Party Sale

The offer was made during a recent meeting with Alexander Dyukov, Chairman of the Board at Gazprom Neft, and...

Ferrari and Maserati Enter the Electric Vehicle Market

Ferrari unveiled its first fully electric car, the Elettrica, boasting over 1,000 hp, four in-house-developed electric motors, a 0-100...

Zuckerberg Predicts Mobile Phones Will Disappear by 2030

TThis is inevitable as new technologies like augmented reality (AR) glasses and virtual reality (VR) devices reshape how people...

ProCredit Launches ProConnect Platform

The platform is the first of its kind in the region, offering firms the ability to present their products...

Switzerland Tops Global Innovation Ranking, China Enters Top 10

China has entered the top 10 for the first time, taking the 10th spot and replacing Germany, which fell...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities