Slovenia to Inject Further Money in NLB

Politics ♦ Published: November 29, 2012; 22:41 ♦ (Vindobona)

The biggest Slovenian banking group NLB records a capital shortfall of € 375m. Risky loans reach more than € 1.5bn.

Slovenia to Inject Further Money in NLB / Picture: ©

The financial situation of NLB worsens persistently. As the capital shortfall comes at € 375m, the Slovenian state must inject further funds into the bank. The capital increase is planned by 29 December. After the capital increase, the minimum equity requirement of 9.0% will be achieved. Already in August, the Slovenian government had to inject more than € 380m into NLB.