Slovenia: NLB to Break Even in 2014

Politics ♦ Published: March 4, 2014; 10:14 ♦ (Vindobona)

As part of the restructuring plan, the Slovenian bank is closing branch shops all over the country and downsizing its personnel.

Slovenia: NLB to Break Even in 2014 / Picture: ©

The Slovenian Bank is expected to return to to positive results this year, according to Janko Medja, chairman of the bank’s supervisory boad. The announcement was made only days after the banking group reported a new record loss of € 1.44bn last year.

"We plan around a profit of EUR 110m to EUR 120m before impairments, while impairments are expected at EUR 100m," Medja said.…