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Slovenia's Gorenjska Banka to issue new shares at 230 euros per share

Tue 15th December, 2015 6:07pm
LJUBLJANA, Dec 15 (Reuters) - Slovenian bank Gorenjska Banka 
will issue new shares to the value of 13 million euros at a 
price of 230 euros per share, the bank said in a statement on 
    The bank is issuing new shares to cover a potential capital 
shortfall of 13 million euros in line with demands of the Bank 
of Slovenia made earlier this year.  
    The share offer is valid till Jan. 6 with current 
shareholders having a priority to new shares in the first round 
of the sale which expires on Dec. 31, the unlisted bank said. 
    The bank's CEO Andrej Andoljsek told Reuters in October he 
was confident the planned new share issue will be successful, 
adding the bank will not need state help.*:nL8N12N1RI 
    Gorenjska is mostly owned by local companies but its largest 
owner, local tourism and financial company Sava  SAVA.LJ , has 
put its 44 percent stake in Gorenjska on sale, also in line with 
the Bank of Slovenia demands.*:nL8N12E1QX 
    Central bank Governor Bostjan Jazbec said last week there 
were too many banks in Slovenia, urging their consolidation and 
faster resolution of non-performing loans which represent about 
20 percent of all loans of Slovenian banks.*:nL8N13Z270 
    The government had to pour more than 3 billion euros in 
mostly state-owned local banks in 2013 to prevent them from 
collapsing under a large amount of bad loans. In that way the 
country also narrowly avoided an international bailout. 
 (Reporting By Marja Novak, editing by David Evans) 
 ((; +386-1-5058805; Reuters 
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