Translated version of this PSD: Slovenian
EBRD is acquiring a 20% stake in Nova Kreditna Banka Maribor Group (“NKBM”) alongside certain private equity investment funds affiliated with Apollo Global Management LLC (“Apollo”) from the Slovenian Government, acting through its representative, Slovenian Sovereign Holding. Upon the completion of the transaction, EBRD and the Apollo funds will own shares in a Luxembourg investment vehicle that will in turn own, indirectly, 100% of the share capital of NKBM.
EBRD’s investment will support the successful privatisation and turnaround of the 2nd largest banking franchise in Slovenia and further strengthen its core banking operations in the Slovenian market.
The project’s transition impact will be derived from demonstration of successful restructuring of a leading banking franchise in Slovenia, setting standards for corporate governance and enhancing risk management under private ownership.
Nova Kreditna Banka Maribor (“NKBM”) is currently the 2nd largest bank in Slovenia with total assets of €4.3 billion and equity of €636 million at Q1 2015. NKBM was earmarked for privatisation by the Slovenian government in 2013.
Apollo is a leading global alternative investment manager with assets under management of approximately USD 163 billion as of 31 March 2015, across private equity, credit and real estate funds.
Equity investment of up to €70 million
Environmental and social categorisation, impact, and mitigation
Categorised FI (2014 Policy). Given that the proposed investment involves an equity stake, the client will be required to adhere to the Bank’s PR9, PR2 and the relevant sections of PR4 within the 2014 Environmental and Social Policy; as well as the relevant EBRD E&S Procedures for lending/transactions across the entire portfolio. EBRD and Apollo have on a common approach to developing EHSS policy and procedures at NKBM.
Sabina Dziurman, firstname.lastname@example.org
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