STATE OWNED STATE INSURANCE BANK DSK TO BE SOLD IN 2003

Business | January 23, 2002, Wednesday // 00:00

The Bank Consolidation Company (BCC) announced that it planned to privatize the state-owned State Insurance Bank DSK in the second half of 2003. “I expect the privatization procedure to begin in the second half of 2002 and that we could have a deal in the second half of 2003, “ Nelly Kordovska, BCC Executive Director told Darik radio. Kordovska explained that talks have been held with the European Bank for Reconstruction and Development (EBRD) about the plans of EBRD to acquire 10% to 20% of the State Insurance Bank DSK.

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