The Slovenian central bank said on Wednesday it had granted Serbia’s AIK bank renewed permission to take over Slovenia’s Gorenjska Banka.

AIK tried to acquire Gorenjska earlier this year, but Serbia’s central bank withdrew its permission for the takeover after discovering irregularities in AIK’s operations, with the Bank of Slovenia then doing the same.

In a statement prepared for Reuters, the Bank of Slovenia on Wednesday said that permission for AIK to take over Gorenjska had been granted by the European Central Bank.

According to local daily newspapers Finance and Delo, AIK has rectified the irregularities and is likely to take over Gorenjska, which is Slovenia’s seventh largest bank measured by balance sheet assets, in the coming months.

AIK and Gorenjska were not immediately available for comment.

Source; Reuters

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