Equity Investment in Nova Ljubljanska banka d.d.

Location:

Slovenia

Project number:

48704

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

31 Oct 2018

Status:

Disbursing

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

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.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.