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Privredna Banka Sarajevo merging with BOR banka

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Privredna Banka Sarajevo merging with BOR banka

TheBanking Agency of the Federation of Bosnia and Herzegovina revoked the licenseof Privredna Banka Sarajevodd owing to its merger with BOR banka dd Sarajevo, which will become the lender'slegal successor.

Followingthe merger, BOR banka will change its name to Privredna Banka Sarajevo, theregulator said Sept. 29. Privredna Banka said a day earlier thatthe two banks are in the final stage of the merger process, which will befinalized Oct. 3.