“Serbia invited applications on Monday for a financial adviser to sell the government’s stake in Komercijalna Banka, the Balkan country’s second largest lender, as it continues with a wide-reaching privatisation programme.

As part of its arrangements with the International Monetary Fund, which are currently based on a non-financial and advisory role, Serbia needs to sell its stakes in state-operated firms, including Komercijalna Banka.” (Reuters)