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Croatia Nava Banka to Merge With Karlovacka Banka, Poslovni Says

Nov. 19 (Bloomberg) -- 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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