In a landmark move for Slovenia’s financial sector, OTP Group has successfully completed the legal merger of its two Slovenian banking subsidiaries, Nova KBM d.d. and SKB banka d.d., creating what is now the country’s largest bank by market share in loans and deposits.
The newly formed entity, OTP Banka, marks the largest banking merger in Slovenia’s history and positions itself as the second-largest non-Hungarian branch within the international OTP Group, following Bulgaria’s DSK.
With this merger, all obligations and rights of SKB banka have been transferred to Nova KBM, which will now operate under the OTP Banka brand. The new headquarters will be based in Ljubljana, and the bank’s operations will be enhanced by the leasing and factoring services offered by its subsidiaries: SKB Leasing, SKB Leasing Select, and Aleja finance.
The consolidation of these two financial institutions is set to be followed by an operational merger process, which will integrate the best banking products, services, and digital platforms from both banks. This operational synergy will culminate in the technical migration of SKB banka’s clients to OTP Banka’s information system, scheduled between 30 August and 2 September 2024.
Built on the strengths of both Nova KBM and SKB banka, OTP Banka will continue to offer universal banking services with a strong emphasis on digital innovation and client relationships. With a workforce of around 2,500 employees, the new bank is committed to fostering the growth of Slovenia’s economy while maintaining the trust and satisfaction of its clients. This merger not only reshapes the Slovenian banking landscape but also underscores OTP Group’s expanding influence in the region.
