Slovenia: NLB Gets Own Bad Bank

Businessn.a. ♦ Published: March 28, 2013; 16:13 ♦ (Vindobona)

Slovenia biggest bank, Nova Ljubljanska Banka (NLB), is going to establish its own intern bad bank.

Slovenia: NLB Gets Own Bad Bank / Picture: © NLB

On Wednesday, NLB announced that non-strategic assets the bank wants to get rid of in the next five years will be tranferred to a separate division in the company. According to news agency STA, the net volume of these assets is estimated at € 2.2bn, not taking into consideration the provisions it amounts up to more than € 3bn.

The target is to optimize the value of…