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Slovenia: NLB Gets Own Bad Bank

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…

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Slovenia: NLB Gets Own Bad Bank

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.