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Merger desk

What two banks look like added together, and what addition cannot sayWhat two banks look like added together, and what addition cannot say

The live consolidation question here is capital: a bank below what it must hold either raises it or combines. The arithmetic is easy, which is exactly why the honesty has to be built in.

Request accessOpen the merger desk
Pick any two. The herfindahl agrees with the desk's own engine to a decimal.
ReportedZemen2025Enat2024Combined
Total assets88.6B27.2B115.8B
Profit after tax5.9B555.2M6.4B
Rank by assets9 · 197 of 26Share of panel 3.24%Panel HHI 1702 → 1706
  • the sides do not share a reporting year (2025 and 2024); the sum spans two balance sheet dates.
  • Only reported absolutes are summed. No ratio is added, shares in issue are not added at all, and no synergy or purchase accounting is assumed.

Live, on figures read out of the terminal's cache on 2026-10-04, each carrying the year it was reported.

What it does

  • Who is short, and by how muchEvery bank below a capital threshold you set, the size of the shortfall, and the smallest partner whose capital would clear it with them.
  • Any two of twenty-seven, combinedReported absolutes summed, the combined rank by assets, the share of the panel, and the change in panel concentration.
  • A merger as a deal typeA combination becomes a mandate on the desk, with its own data room, diligence grid, drafting and audit trail.

What it refuses

On a market this thin the refusals are the product. Anything that fills a gap quietly is the thing you would have to check by hand anyway.

  • A summed ratioRatios are derived from the summed absolutes and labelled as derived. Adding two ratios reported in different units produces a number with no meaning.
  • A summed share registerShares in issue are not added at all. A combination issues new shares at an exchange ratio, and nobody here has set one.
  • A synergyNo cost saving, no integration cost, no purchase accounting, no goodwill. The result is arithmetic on reported figures, and it says so on its face.
Reads from
  • Published bank statements
  • NBE licence register