LJUBLJANA (Slovenia), May 12 (SeeNews) – Slovenian banking group NLB, the parent company of Nova Ljubljanska Banka [LJE:NLBR], said it is in talks with the World Bank's Multilateral Investment Guarantee Agency (MIGA) on obtaining guarantees to optimise its capital on a consolidated basis.
With the guarantees, NLB aims to insure against the risk of expropriation of mandatory reserves held by the NLB Group members with their local central banks, the bank said in a statement filed with the Ljubljana bourse on Monday.
It added that it plans to sign guarantee agreements with MIGA for each individual NLB Group member.
The transactions which are scheduled to be concluded later this year could reduce the risk weighted assets of NLB d.d. on consolidated level by around 300 million euro, according to the statement.
Elsewhere in Southeast Europe, NLB Group is active in Bosnia, North Macedonia, Kosovo, Serbia and Montenegro.
NLB's shares traded at 37.60 euro ($40.83) by 13:29 CET on Tuesday on the Ljubljana bourse, after closing flat at 37.90 euro on Monday.
($=0.920784 euro)
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