Slovenia: Banka Celje Trying to Fend Off Bailout

Politics ♦ Published: April 11, 2014; 15:55 ♦ (Vindobona)

The Slovenian lender is considering a capital increase to avoid national bailout.

NPL have negatively effected the results of the Slovenian banking industry. / Picture: ©

The small Slovenian bank was given until April 25, to generate fresh capital or else there is the danger of having to face national bailout. During the general meeting on Friday the shareholders will decide whether or not a capital increase in the amount of € 160m will be carried out.

The National Bank of Slovenia has demanded the bank to complete a capital increase of at least…