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
NOVA LJUBLJANSKA BANKA DD
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
None.
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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Text of the PIP
