Equity Investment in Nova Ljubljanska banka d.d.



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

31 Oct 2018



PSD disclosed:

13 Nov 2018

Translated version of this PSD: Slovenian

Project Description

An additional equity investment of EUR 9.6 million for the purchase of existing shares of Nova Ljubljanska banka d.d. ("NLB") in Slovenia, increasing the total EBRD investment in the Project to up to EUR 74 million. The original EBRD investment of EUR 64.4 million was made on 9 November 2018.

Project Objectives

The Project supports an important privatisation in Slovenia, in response to the commitment of the Republic of Slovenia undertaken as part of the restructuring plan of NLB agreed with the European Commission in 2013 when the state aid contribution was approved, as later amended.

Transition Impact

The proposal is expected to contribute to Resilient and Competitive qualities through the reduction of the state ownership in total banking assets and the development of alternative sources of financing through the capital market and unlocking NLB's value potential via private ownership that will permit NLB to exit the restructuring plan, enabling further balance sheet optimisation and operational efficiency improvement.

Client Information

NLB is the largest Slovenian bank holding ca. 23% of total banking assets in the country. NLB provides universal banking services and has a strong presence through its core subsidiaries in five South-East European countries. NLB has in total 321 branches, ca. 5,900 employees and ca. 1.8 million active customers.

EBRD Finance Summary

Investment cost of EUR 74 million

Total Project Cost

EUR 1.2 billion

Environmental and Social Summary

Categorised FI (2014 ESP). NLB will be required to comply with the EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD's E&S Procedures as appropriate for their
transactional business going forward and submit Annual Environmental and Social Reports to the EBRD.

Technical Cooperation


Company Contact Information

Valerija Pesec, Head of Investor Relations
+ 386 1 476 9122


Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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