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
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.
