LJUBLJANA (Slovenia), September 30 (SeeNews) – Slovenia's state-owned holding company SDH, which is in charge of the privatisation process in the country, said on Monday its consolidated net profit fell 17% on the year to 30.38 million euro ($33.2 million) in the first half of 2019.
The company's consolidated operating income increased to 3.2 million euro in the six months through June, from 2.6 million euro a year earlier, it said in a statement on its website.
SDH Group's total funds reached 719.4 million euro at the end of June, compared to 641.4 billion euro on December 31, 2018.
In June, SDH, signed an agreement with the second biggest bank in the country, Nova Kreditna Banka Maribor (NKBM), whch bought 100% of the country's third largest bank, Abanka, for a total consideration of 511 million euro.
In the same month, SDH successfully concluded the privatisation of Nova Ljubljanska Banka (NLB) by completing the placement to institutional investors. After completing the sale process, the Republic of Slovenia remains the largest NLB shareholder with 25% equity plus 1 share. In doing so, SDH successfully fulfilled the commitments made by the Republic of Slovenia to the European Commission.
($=0.91362 euro)