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Croatia Nava Banka to Merge With Karlovacka Banka, Poslovni Says

Croatia’s Nava Banka d.d. will merge with Karlovacka Banka d.d., Poslovni Dnevnik reported from Nava’s shareholders’ general meeting.

After the merger, closely held Karlovacka will have a market share of 0.8 percent, according to the Zagreb-based business newspaper.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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