Zavarovalnica Maribor Sale: Slovenia Under Pressure

Business › n.a. ♦ Published: November 21, 2012; 18:00 ♦ (Vindobona)

The Slovenian bank NKBM has to sell its stake in the second-biggest Slovenian insurance company Zavarovalnica Maribor (ZM). The sale proves difficult.

Zavarovalnica Maribor Sale: Slovenia Under Pressure / Picture: © Vindobona.org

The Slovenian NKBM (Nova Kreditna Banka Maribor) sells its majority stake in ZM. NKBM has do downsize in order to reduce its risky assets. The core capital quota should be increased from 7.0% to 9.0%. The size of risky assets reaches about € 600m. In total, NKBM´s share in ZM comes at 52%. Sava Re holds a 48.7% stake. Initially, the insurance group should be sold until the end of…

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