Slovenia's NLB plans 375 mln euro cap hike

This is a precautionary measure aimed at ensuring adequate capitalisation of the bank in the case of negative development of economic and other events, NLB said in a statement after its supervisory board called a day earlier a shareholders meeting for December 29.

The unlisted lender said its managing and supervisory boards are aware of the uncertainty related to the adoption of government measures aimed at stabilising the banking system and added that it is likely any delays in the implementation of such solutions would result in further increase of costs related to the normalisation of the situation in the Slovenian banking segment and economy in general.

The Slovenian state owned directly 40.21% of NLB as of the end of September with Belgium's KBC as the second largest shareholder with 22.04%.

($=0.7735 euro)