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Nov 06, 2007 15:07 EEST
LJUBLJANA (Slovenia), November 6 (SeeNews) – Slovnian bank Banka Celje said on Tuesday it has mandated German banks Bayerische Landesbank, Landesbank Berlin, and Commerzbank AG to arrange an 85 million euro ($124 million) syndicated loan.
The value of the loan exceeds 70% the initial demand of Banka Celje, the bank said in a statement.
Banka Celje’s market share by total assets fell to 5.7% at the end of 2006, from 5.9% a year earlier. The bank’s main business is retail and corporate lending/deposit-taking. At the end of June it had 37 outlets and employed 614.
Twenty-one banks operate in Slovenia, a country of two million people. It was the first of the 10 states that entered the European Union in May 2004 to join the eurozone in 2007 as its 13th member.
($ = 0.69 euro)
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