Karlovacka Banka d.d. (ZGSE:KABA-R-A) entered into a letter of intent to acquire Nava Bank d.d. (ZGSE:NVBA-R-A) for HRK 19 million from GIP PIONIR d.o.o., Paron d.o.o., MUNIS d.o.o., GRADKO d.o.o., Kemika D.d., Jadransko Osiguranje D D (ZGSE:JDOS-R-A), Agram zivotno osiguranje d.d., Sunce osiguranje dionicko društvo za osiguranje, Trius d.o.o., Euroherc osiguranje d.d., Dragica Predovic, Stipan Pamukovic, Rana Skalec and others on May 8, 2012. Karlovacka Banka d.d. (ZGSE:KABA-R-A) entered into an agreement to acquire Nava Bank d.d. (ZGSE:NVBA-R-A) on July 25, 2012. The stock swap ratio will be five ordinary or preferred shares of Nava Bank for two newly issued shares of Karlovacka Banka. As of November 15, 2012, the deal has been approved by the shareholders of Nava Bank d.d. As of November 20, 2012, the deal has been approved by the shareholders of Karlovacka.

Karlovacka Banka d.d. (ZGSE:KABA-R-A) cancelled the acquisition of Nava Bank d.d. (ZGSE:NVBA-R-A) for HRK 19 million from GIP PIONIR d.o.o., Paron d.o.o., MUNIS d.o.o., GRADKO d.o.o., Kemika D.d., Jadransko Osiguranje D D (ZGSE:JDOS-R-A), Agram zivotno osiguranje d.d., Sunce osiguranje dionicko društvo za osiguranje, Trius d.o.o., Euroherc osiguranje d.d., Dragica Predovic, Stipan Pamukovic, Rana Skalec and others on May 8, 2013.