AikGroup Acquires 74.9% Stake in 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.

With the acquisition of Hipotekarna Banka, two strong financial institutions are combining their capabilities, to the benefit of clients and the local community. Through a shared commitment to excellence in service, the Group will provide Hipotekarna Banka’s clients with greater resources and an expanded offering of traditional and innovative financial products. For AikGroup, establishing a strong foothold in the continuously growing Montenegrin market represents an important step toward the realization of our growth strategy and our ambition to become a leading regional bank. We are pleased to welcome Hipotekarna Banka to the AikGroup family

Razvan Munteanu, President of the Executive Board of AikGroup

Hipotekarna Banka has built strong client trust over decades as a leader in modern banking in Montenegro. By joining AikGroup, we are entering a new phase of growth, strengthened by regional expertise and experience, ready to provide even stronger support to our clients and to continue along the path that has brought us to the top

Esad Zaimović, Chairman of the Board of Directors of Hipotekarna Banka.

As a group committed to growth and modernization in line with client needs, AikGroup has undergone a strategic transformation and rebranding process this year, including a change of the Group’s name and visual identity. The Group’s new symbol — the wayfinder, a modern interpretation of a navigator — reflects its commitment to clients and to creating an outstanding customer experience. It represents a promise of agility, understanding, and support, helping clients navigate the dynamic and complex world of finance, regardless of generation.

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