News
AikGroup acquired majority stake of Hipotekarna Banka
One of the fastest-growing financial groups in Southeastern Europe, in the majority ownership of Aleksandar Kostić, has officially acquired a 74.9% stake in Hipotekarna Banka in Montenegro. With the acquisition of Hipotekarna Banka, AikGroup’s net assets reach EUR 10 billion, while the Group remains focused on further regional expansion and on creating value in the business environment through strategic investments in digitalization and customer experience.
This transaction marks the completion of the acquisition process initiated in December 2024, when AikGroup signed an agreement to purchase 7,620,620 shares of the leading Montenegrin bank. Following the receipt of all required regulatory approvals from the Central Bank of Montenegro and the Competition Protection Agency, as well as the fulfillment of all closing conditions, the transaction was finalized today at a price of EUR 9.77 per share.
Razvan Munteanu, CEO AikGroup: Banking beyond borders
AikGroup CEO, Razvan Munteanu, spoke at the Governors’ panel on building resilience for local economies and highlighted that convergence with the EU, regionalization and prudent and diligent management are key factors for business sustainability at challenging times.
The financial sector is—and always has been—the backbone of the economy. In sync with a world changing ever faster, banking is confronted with continuous novelties, whether in the form of new demands from customers, crises, or new ways of delivering financial services. Disruption is the sign of the 21st century. In recent years, we have moved from one global disruption to another: a pandemic, energy crisis, inflation and interest rates increase, climate transformation and geopolitical repositioning. The technology leap forward—from artificial intelligence to private space exploration to the boom (and bust) of crypto – is both fuelling accelerating change and allowing our industry to cope with it. This is a new economic ecosystem, where the only constant is accelerating change.