Nova Ljubljanska banka
| Type | joint stock company |
|---|---|
| Industry | Financial services |
| Founded | 1994 |
| Headquarters | Ljubljana, Slovenia |
| Key people | Božo Jašovič |
| Products | Retail banking, merchant banking, wealth management, life insurance, pensions |
| Total assets | EUR 19.606 million (2009) |
| Total equity | EUR 1.202 billion (2009) |
| Employees | 9,435 (2008) |
| Website | www.nlbgroup.si |
Nova Ljubljanska banka (NLB) is the largest bank in Slovenia. It has branches throughout Slovenia, Trieste in neighbouring Italy and subsidiary banks in Montenegro, Serbia, Macedonia, Bosnia, Bulgaria, Germany and other countries in Europe. The head office is in Ljubljana, Slovenia.
Contents |
History [edit]
Origins [edit]
It was formed in 1994 out of the former Ljubljanska banka.
NLB Factoring [edit]
In 2002 Nova Ljubljanska banka acquired Czech financial company Union Invest Capital.[1][2] Later renamed NLB Factoring, the company offered factoring to Czech companies.[1][2] In 2011 the company generated loss CZK 0,7 billion.[2] Ownership equity fell to CZK -0,6 billion.[2] Bank loans amounted CZK 3,7 billion (€142 million).[2] The bank loans were either provided or guaranteed by the NLB group.[2] Auditor PricewaterhauseCoopers gave the company qualified opinion.[2] According to PwC provisions should have been increased by CZK 0.6 billion.[2]
Štefan Loncnar, chairman of the board of directors since 2002, was in 2009 one of the largest sponsors of Czech political party TOP 09.[3]
Bailout [edit]
In June 2012 it received a €320m bailout from the Slovenian government in order to ensure it reached the 9% Core Tier 1 requirement of the EBA[4]
References [edit]
- ^ a b Commercial register at justice.cz, identification number (IČ) 47677881, NLB Factoring, a.s.
- ^ a b c d e f g h Annual report of NLB Factoring, a.s. for 2011
- ^ Sabina Slonková, Sponzor TOP 09 dříve finančně vypomáhal bossům podsvětí, Aktualne.cz, 1 October 2009
- ^ EBA press release, 11 July 2012, European Banking Authority
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