Nova Ljubljanska banka d.d. (NLB) announced plans to make a purchase offer for shares in Balkans consumer lending specialist Addiko Bank AG, directly challenging a similar proposal filed just a day earlier by Raiffeisen Bank International AG. This sudden escalation in the Balkan banking sector marks a significant development, as both institutions vie for control of Addiko, a key player in the region's financial landscape. The move underscores heightened competition among international banks seeking a foothold in Southeastern Europe's banking market. Addiko Bank AG now faces a dual bid, requiring regulatory approval and shareholder approval before any deal can materialize.