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Slovenia’s Top Bank NLB Contracts 250 Mln Euro Syndicated Loan

Oct 20, 2008, 7:22:37 PMArticle by Hristina Stoyanova
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October 20 (SeeNews) - Slovenia’s largest bank by assets, Nova Ljubljanska Banka (NLB), has signed a contract with a group of foreign banks to borrow 250 million euro ($336 million) in a syndicated loan, it said on Monday.

Slovenia’s Top Bank NLB Contracts 250 Mln Euro Syndicated Loan

The loan has a maturity of three years, NLB said in a statement. It gave no further details

NLB reported a group net profit of 65.636 million euro in the first half of 2008, down from 95.579 million euro a year earlier. Group assets through June rose by 9.9% to 20.12 billion euro.

The NLB Group comprises 61 units operating on 18 markets, including 16 banks, 11 leasing companies, 12 financial companies and five insurers.

($ = 0.7447 euro)

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